Form 10-Q - Quarterly report [Sections 13 or 15(d)]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2024

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to ___________

Commission file number: 333-267560

Cyber Enviro-Tech, Inc.

(Exact name of registrant as specified in charter)

Wyoming		86-3601702
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

6991 E. Camelback Road, Suite D-300 Scottsdale, AZ		85251
(Address of principal executive office)		(Zip Code)

+1 (307)-200-2803

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act: None

Common Stock, par value $0.001 per share

(Title of Class)

Indicate by checkmark whether the registrant has (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☐ No ☒

Indicate by check mark whether the registrant has submitted electronically if any, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit). Yes ☒ No ☐

Indicate by checkmark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☒
		Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standard provided pursuant to Section 13(a) of the Exchange Act. ☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒

At August 30, 2024 there were 107,193,462 shares of the registrant’s Common Stock issued and outstanding.

TABLE OF CONTENTS

PART I.	FINANCIAL INFORMATION	1

Item 1.	Financial Statements	1
	Balance Sheets at June 30, 2024, unaudited, and December 31, 2023	1
	Unaudited Statements of Operations for the three and six months ended June 30, 2024 and 2023	2
	Unaudited Statements of Stockholders’ Equity for the three and six months ended June 30, 2024 and 2023	3
	Unaudited Statements of Cash Flows for the six months ended June 30, 2024 and 2023	4
	Notes to Unaudited Financial Statements	5
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	19
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	23
Item 4.	Controls and Procedures	23

PART II.	OTHER INFORMATION	24

Item 1.	Legal Proceedings	24
Item 1A.	Risk Factors	24
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	24
Item 3.	Defaults Upon Senior Securities	28
Item 4.	Mine Safety Disclosures	28
Item 5.	Other Information	28
Item 6.	Exhibits	28

SIGNATURES		29

PART I—FINANCIAL INFORMATION

Item 1. Financial Statements.

CYBER ENVIRO-TECH, INC.
BALANCE SHEETS


	June 30, 2024 (Unaudited)			December 31,2023 (Audited)
ASSETS
Current Assets:
Cash and cash equivalents	$	98,134		$	239,417
Loan receivable		190,000			100,000
Prepaid expenses and other current assets		211,335			691,536
Total current assets		499,469			1,030,953

Property and equipment		679,595			438,558
Acquired intangible assets, net		1,013,801			1,070,226
Assets of discontinued operations, non-current		3,481,289			3,330,985
Total Assets	$	5,674,154		$	5,870,722
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	157,253		$	20,144
Accounts payable – related parties		68,843			—
Accrued interest		196,237			96,623
Note payables, current maturities		230,000			100,000
Convertible notes payable, net of discount of $143,180 and $137,096 at June 30, 2024 and December 31, 2023, respectively		180,470			32,154
Convertible notes payable – related parties		22,000			22,000
Liabilities of discontinued operations, current		386,743			462,578
Liabilities of discontinued operations, current – related parties		55,864			80,991
Total current liabilities		1,297,410			814,490
Note payable, related party, net of discount of $14,417 and $23,915 at June 30, 2024 and December 31, 2023, respectively		139,572			130,074
Convertible notes payable		2,607,000			2,641,000
Derivative liability		220,059			217,177
Liabilities of discontinued operations, non-current		97,463			97,463
Total Liabilities		4,361,505			3,900,204
Commitments and contingencies (Note 4)		—			—
Stockholders’ Equity:
Series A Convertible Preferred Stock, par value $0.001, 200,000 shares authorized; 16,671 shares issued and outstanding		17			17
Series B Convertible Preferred Stock, par value $0.001, 85,000 shares authorized; 1 share issued and outstanding		—			—
Series C Non-convertible, Preferred Stock, par value $0.001, 50,000 shares authorized; 0.5 shares issued and outstanding		—			—
Special 2020 Series A Preferred Stock, par value $0.0001, 1 share authorized; 1 share issued and outstanding		—			—
Common Stock, par value $0.001, 350,000,000 shares authorized; 89,745,353 and 77,467,573 shares issued and outstanding, respectively		89,706			77,468
Additional paid-in capital		9,563,059			7,801,868
Common stock to be issued		522,713			933,489
Treasury stock, at cost		(66,400	)		(66,400	)
Accumulated deficit		(8,796,446	)		(6,775,924	)
Total Stockholders’ Equity		1,312,649			1,970,518
Total Liabilities and Stockholders’ Equity	$	5,674,154		$	5,870,722

The accompanying notes are an integral part of these unaudited financial statements

CYBER ENVIRO-TECH, INC.

STATEMENTS OF OPERATIONS

FOR THE THREE AND SIX MONTHS ENDING JUNE 30, 2024 AND 2023

(Unaudited)


	Three Months Ending			Three Months Ending			Six Months Ending			Six Months Ending
	June 30, 2024			June 30, 2023			June 30, 2024			June 30, 2023
Revenue:
Gross sales	$	—		$	—		$	—		$	—
Cost of sales	—			—			—			—
Adjusted Gross Sales	—			—			—			—

Operating Expenses:
Professional fees		25,729			20,452			74,132			65,288
General and administrative		147,938			76,599			548,707			105,359
Consulting		457,346			768,704			1,032,173			1,136,514
Total operating expenses		631,013			865,755			1,655,012			1,307,161

Operating loss from continuing operations		(631,013	)		(865,755	)		(1,655,012	)		(1,307,161	)

Other Income (Expense):
Change in fair value of derivatives		(42,896	)		(22,977	)		(18,380	)		49,392
Loss on issuance of derivatives		(109,043	)		—			(109,043	)		(86,858	)
Gain on extinguishment of derivative liability		184,975			—			264,539			—
Amortization of intangible assets		(28,212	)		—			(56,425	)		—
Change in fair value of contingent liability		—			1,350			—			1,050
Interest income		3,760			—			4,684			—
Interest expense		(259,626	)		(47,950	)		(420,778	)		(79,096	)
Total other income (expense)		(251,042	)		(69,577	)		(335,403	)		(115,512	)

Loss from continuing operations		(882,055	)		(935,332	)		(1,990,415	)		(1,422,673	)

Discontinued Operations:
Loss from operations of discontinued operations		(18,295	)		(12,646	)		(30,106	)		(29,352	)
Total Discontinued Operations		(18,295	)		(12,646	)		(30,106	)		(29,352	)

Net Loss	$	(900,350	)	$	(947,978	)	$	(2,020,521	)	$	(1,452,025	)

Loss per share, basic and diluted	$	(0.01	)	$	(0.01	)	$	(0.02	)	$	(0.01	)
Weighted average shares outstanding, basic and diluted		83,683,858			117,103,569			80,923,471			116,526,714

The accompanying notes are an integral part of these unaudited financial statements

CYBER ENVIRO-TECH, INC.

STATEMENTS OF STOCKHOLDERS’ EQUITY

THE THREE AND SIX MONTHS ENDED JUNE 30, 2024 AND 2023

(Unaudited)


	Preferred				Common Stock									CS to be Issued						Accumulated
Description	Shares		Amt		Shares		Amt		APIC		Treasury			Shares			Amt			Deficit			Total

Balance, December 31, 2022		4		—		115,914,283	$	115,915	$	4,368,442	$	(66,400	)		154,400		$	52,496		$	(2,432,820	)	$	2,037,633

Options granted for services		—		—		—		—		5,514		—			—			—			—			5,514
Shares issued for services		—		—		375,000		375		143,625		—			178,933			87,504			—			231,504
Shares issued for conversion of convertible notes payable		—		—		—		—		—		—			600,000		$	60,000			—			60,000
Net loss		—		—		—		—		—		—			—			—			(504,083	)		(504,083	)
Balance, March 31, 2023		4		—		116,289,283	$	116,290	$	4,517,581	$	(66,400	)		933,333		$	200,000		$	(2,936,903	)	$	1,830,568

Common stock issued from prior periods		—		—		—		—		—		—			—			—			—			—
Shares issued for cash		—		—		—		—		—		—			—			—			—			—
Shares issued for conversion of Advance on joint venture		—		—		—		—		—		—			—			—			—			—
Options granted for services		—		—		—		—		5,575		—			—			—			—			5,575
Shares issued for services		—		—		1,950,000		1,950		731,550		—			1,000,000			420,000			—			1,153,500
Shares issued in connection with convertible notes payable		—		—		—		—		—		—			3,318,180			663,636			—			663,636
Shares issued for conversion of notes payable		—		—		—		—		—		—			—			—			—			—
Net loss		—		—		—		—		—		—			—			—			(947,942	)		(947,942	)
Balance, June 30, 2023		4		—		118,239,283	$	118,240	$	5,254,706	$	(66,400	)		5,251,513		$	1,283,636		$	(3,884,845	)	$	2,705,337

Balance, December 31, 2023		16,674	$	17		77,467,573	$	77,468	$	7,801,868	$	(66,400	)		8,173,019		$	933,489		$	(6,775,924	)	$	1,970,518
Shares issued from prior periods		—		—		4,394,140		4,394		435,020		—			(4,394,140	)		(439,414	)		—			—
Shares issued for interest		—		—		—		—		—		—			193,975			29,938			—			29,938
Shares issued for conversion of convertible notes payable		—		—		—		—		—		—			6,517,500			1,026,000			—			1,026,000
Net loss		—		—		—		—		—		—			—			—			(1,120,172	)		(1,120,172	)
Balance, March 31, 2024		16,674	$	17		81,861,713	$	81,862	$	8,236,888	$	(66,400	)		10,490,354		$	1,550,013		$	(7,896,096	)	$	1,906,284

Shares issued from prior periods		—		—		7,630,000		7,744		1,302,292		—			(7,630,000	)		(1,310,036	)		—			—
Shares issued for cash		—		—		—		—		—		—			333,334			50,000			—			50,000
Shares issued for services		—		—		—		—		—		—			375,000			172,500			—			172,500
Shares issued for interest		—		—		253,639		100		23,879		—			(18,732	)		35,236			—			59,215
Shares issued for conversion of convertible notes payable		—		—		—		—		—		—			166,667			25,000			—			25,000
Net loss		—		—		—		—		—		—			—			—			(900,350	)		(900,350	)
Balance, June 30, 2024		16,674	$	17		89,745,352	$	89,706	$	9,563,059	$	(66,400	)		3,716,623		$	522,713		$	(8,796,446	)	$	1,312,649

The accompanying notes are an integral part of these unaudited financial statements

CYBER ENVIRO-TECH, INC.

STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2023

(Unaudited)


	June 30, 2024			June 30, 2023
Cash flow from operating activities:
Net loss	$	(2,020,521	)	$	(1,452,025	)
Adjustments to reconcile net loss to net cash from operating activities:
Change in fair value of derivatives		18,380			(49,392	)
Loss on issuance of derivatives		109,043			86,858
Options issued for services		—			11,089
Debt discount on issuance of derivative		—			65,000
Change in fair value of contingent liability		—			(1,050	)
Gain on extinguishment of derivative liability		(264,539	)		—
Stock compensation		559,153			876,063
Amortization of debt discount		166,064			38,515
Amortization expense		56,425			12,642
Shares issued for interest		78,579			—
Changes in operating assets and liabilities
Prepaid expenses and other current assets		108,799			(84,528	)
Accounts payable		104,990			(611	)
Interest receivable		(4,678	)		—
Accrued interest		99,614			28,536
Net cash from operating activities from continuing operations		(988,691	)		(468,903	)

Cash flows from investing activities:
Purchase of property and equipment		(241,038	)		(221,656	)
Issuance of loan receivable		(90,000	)		—
Acquisition of licenses from KAM Biotechnology, Ltd.		—			(659,339	)
Net cash from investing activities from continuing operations		(331,038	)		(880,995	)

Cash flows from financing activities:
Repayment of convertible notes payable		(169,250	)		(311,000	)
Proceeds from convertible notes payable		1,318,000			2,056,250
Shares issued for cash		50,000			—
Proceeds from notes payable		130,000			100,000
Repayment of notes payable – related party		—			(65,000	)
Net cash from financing activities from continuing operations		1,328,750			1,780,250

Net change in cash and cash equivalents from continuing operations		9,021			430,352

Cash flow from discontinued operations:
Net cash from operating activities from discontinued operations		36,589			(34,170	)
Net cash from investing activities from discontinued operations		(186,893	)		(545,473	)
Net cash from financing activities from discontinued operations		—			—
Net change in cash and cash equivalents from discontinued operations		(150,304	)		(579,643	)

Cash and cash equivalents at beginning of year		239,417			297,349
Cash and cash equivalents at end of period	$	98,134		$	148,058

Cash paid during the period for:
Interest	$	41,982		$	5,189
Income taxes	$	—		$	—

Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Shares issued or to be issued for conversion of convertible notes payable and accrued interest	$	1,140,153		$	723,636

The accompanying notes are an integral part of these unaudited financial statements.

CYBER ENVIRO-TECH, INC.
NOTES TO FINANCIAL STATEMENTS

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

Cyber Enviro-Tech, Inc. (the “Company”) is a publicly held water science technology company that designs water purification solutions for commercial applications and industries with an initial emphasis on the oil & gas industry. The corporate headquarters are located in Scottsdale, Arizona.

On September 3, 2020, Synergy Management Group, LLC (“Synergy”) and Global Environmental Technologies, Inc. (“Global”), which was formed on April 20, 2020, entered into a securities purchase agreement, whereby Synergy sold its share of Special 2020 Series A preferred stock and its one-half share of Series C preferred stock to Global for $66,400 ($40,000 in cash and 15,000 shares of stock, post reverse split of one share for every 20 shares on April 30, 2021). The shares of stock were to be awarded contingent upon the effectiveness of a S-1 Registration which occurred in January 2023. These shares were issued in 2023.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

The financial statements and related disclosures as of June 30, 2024, are unaudited, pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with US GAAP have been condensed or omitted pursuant to such rules and regulations. In our opinion, these unaudited financial statements include all adjustments (consisting only of normal recurring adjustments) necessary for the fair statement of the results for the interim periods. These unaudited financial statements should be read in conjunction with the audited financial statements of the Company for the years ended December 31, 2023, and 2022 included in our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on March 28, 2024. The results of operations for the six months ended June 30, 2024, are not necessarily indicative of the results to be expected for the full year ended December 31, 2024.

Use of estimates

The preparation of financial statements in conformity with U.S. GAAP 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Revenue recognition

The Company recognizes revenue in accordance with Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers,” (“Topic 606”). Revenue is recognized when a customer obtains control of promised goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those goods. The Company applies the following five-step model in order to determine this amount: (i) identification of the promised goods in the contract; (ii) determination of whether the promised goods are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation.

The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once a contract is determined to be within the scope of Topic 606 at contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are distinct. The Company expects to recognize revenues as the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it is satisfied.

The Company recognizes sales when oil is picked up by the delivery company and control passes to the customer.

Cash equivalents

The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents at June 30, 2024 and December 31, 2023.

Property and Equipment

Property and equipment is recorded at cost. Cost of improvements that substantially extend the useful lives of the assets are capitalized. Maintenance and repair costs are expensed when incurred. When other property and equipment is sold or retired, the capitalized costs and related accumulated depreciation are removed from their respective accounts.

CYBER ENVIRO-TECH, INC.
NOTES TO FINANCIAL STATEMENTS

Discontinued Operations

A component of an entity that is disposed of by sale or abandonment is reported as discontinued operations if the transaction represents a strategic shift that will have a major effect on an entity's operations and financial results. The results of discontinued operations are aggregated and presented separately in the Statement of Operations. Assets and liabilities of the discontinued operations are aggregated and reported separately as assets and liabilities of discontinued operations in the Balance Sheet, including the comparative prior year period. The Company is in the processing of spinning off its oil field operations known as the Alvey oil field (Alvey). Alvey’s cash flows are reflected as cash flows from discontinued operations within the Company’s Statements of Cash Flows for each period presented.

Amounts presented in discontinued operations have been derived from our financial statements and accounting records using the historical basis of assets, liabilities, and historical results of Alvey. The discontinued operations exclude general corporate allocations.

Note Receivable

CETI provided two Short-Term Capital Bridge Loan totaling $190,000 to Sedar Gurel, Founder and CEO of DELTA Cervresel Solusyonlari ve Makinalar A.S. a Turkish Corporation ("DELTA"). The notes are currently due and had been accruing simple interest at 6% per annum.

Impairment of Long-Lived Assets

In accordance with authoritative guidance on accounting for the impairment or disposal of long-lived assets, as set forth in Topic 360 of the Accounting Standards Codification (“ASC”), the Company assesses the recoverability of the carrying value of its non-oil and gas long-lived assets when events occur that indicate an impairment in value may exist. An impairment loss is indicated if the sum of the expected undiscounted future net cash flows is less than the carrying amount of the assets. If this occurs, an impairment loss is recognized for the amount by which the carrying amount of the assets exceeds the estimated fair value of the assets.

Intangible Assets

The Company recognizes intangible assets in accordance with ASC 350. Intangible assets are defined as identifiable non-monetary assets without physical substance, acquired through purchase, internally generated, or acquired as part of a business combination, which provide future economic benefits and are under the control of the Company.

Intangible assets with finite useful lives are amortized over their estimated useful lives on a straight-line basis, unless another systematic and rational method better represents the consumption of the economic benefits. Intangible assets with indefinite useful lives are not amortized but are tested for impairment annually or more frequently if there are indications of impairment.

The Company reviews intangible assets for indicators of impairment whenever events or circumstances indicate that the carrying amount of an asset may not be recoverable. An impairment loss is recognized if the carrying amount of the asset exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs to sell and its value in use. Any impairment loss is recognized in the income statement. Upon impairment, the carrying amount of the intangible asset is reduced to its recoverable amount.

CYBER ENVIRO-TECH, INC.
NOTES TO FINANCIAL STATEMENTS

Stock-based Compensation

The Company applies the fair value method of Financial Accounting Standards Board (“FASB”) ASC 718, “Share Based Payment”, in accounting for its stock-based compensation. This standard states that compensation cost is measured at the grant date based on the fair value of the award and is recognized over the service period, which is usually the vesting period. The Company values stock-based compensation at the market price for the Company’s common stock and other pertinent factors at the grant date. During the three and six months ended June 30, 2024 and 2023, the Company recorded $279,577 and $625,254 and $559,153 and $876,063, respectively, in stock-based compensation expense. In addition, the Company recorded prepaid stock compensation of $14,368 and $496,022 at June 30, 2024 and December 31, 2023, respectively.

Fair Value of Financial Instruments

The Company adopted ASC 820, “Fair Value Measurements.” ASC 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:

Level 1:	Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.
Level 2:	Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.
Level 3:	Pricing inputs that are generally unobservable inputs and not corroborated by market data.

The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments as the notes bear interest rates that are consistent with current market rates.

The Company evaluates convertible instruments, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under ASC 815, “Derivatives and Hedging”. The result of this accounting treatment is that the fair value of the derivative is marked to market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income (expense). Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity that become subject to reclassification under ASC 815 are reclassified to liabilities at the fair value of the instrument on the reclassification date.

The following table classifies the Company’s liability measured at fair value on a recurring basis into the fair value hierarchy as of June 30, 2024:

Schedule of derivative liability
Description		Level 1		Level 2		Level 3		Total
	Derivative	$	—	$	—	$	220,059	$	220,059
	Total	$	—	$	—	$	220,059	$	220,059

The following table classifies the Company’s liability measured at fair value on a recurring basis into the fair value hierarchy as of December 31, 2023:


Description		Level 1		Level 2		Level 3		Total
	Derivative	$	—	$	—	$	217,177	$	217,177
	Total	$	—	$	—	$	217,177	$	217,177

Income taxes

Income states are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss, capital loss and tax credit carryforwards. Deferred tax assets and liabilities are measures using enacted tax rates expected to apply to the taxable income in the years in which those temporary differences are expect to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest and penalties related to unrecognized tax benefits as a component of general and administrative expenses. The Company’s federal tax return and any state tax returns are not currently under examination.

CYBER ENVIRO-TECH, INC.
NOTES TO FINANCIAL STATEMENTS

The Company has adopted ASC 740, “Accounting for Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed annually from differences between the financial statement and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.

Net income (loss) per common share

Under the provisions of ASC 260, “Earnings per Share”, basic loss per common share is computed by dividing net loss available to common shareholders by the weighted average number of shares of common stock outstanding for the periods presented. Diluted net loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in the income of the Company, subject to anti-dilution limitations. The following potential common shares were excluded from the calculation of diluted net income (loss) per share available to common stockholders because their effect would have been antidilutive:


	Six months ended June,
	2024		2023
Warrants		3,750,000		—
Stock options		1,000,000		200,000
Convertible notes payable		22,944,477		17,138,953
Preferred stock		50,012,000		3
Total		77,706,477		17,338,956

Concentration of credit risks

The Company maintains accounts with financial institutions. All cash in checking accounts is non-interest bearing and is fully secured by the Federal Deposit Insurance Corporation (FDIC). At times, cash balances may exceed the maximum coverage provided by the FDIC on insured depositor accounts. The Company believes it mitigates its risk by depositing its cash and cash equivalents with major financial institutions.

Recently issued accounting pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

NOTE 3 – GOING CONCERN

The Company’s financial statements have been prepared on a going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities and commitments in the normal course of business for the foreseeable future. The Company has just begun generating revenue and does not yet have sufficient revenue to cover its operating expenses. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon generating profitable operations in the future and/or to obtain the necessary financing to meet the Company’s obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with increased revenue and private placement loans or institutional investors. While the Company believes that it will be successful in obtaining the necessary financing and generating revenue to fund the Company’s operations, meet regulatory requirements and achieve commercial goals, there are no assurances that such additional funding will be achieved and that the Company will succeed in its future operations.

The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties.

NOTE 4 – COMMITMENTS AND CONTINGENCIES

During the normal course of business, the Company may be exposed to litigation. When the Company becomes aware of potential litigation, it evaluates the merits of the case in accordance with ASC 450, Contingencies. The Company evaluates its exposure to the matter, possible legal or settlement strategies and the likelihood of an unfavorable outcome. If the Company determines that an unfavorable outcome is probable and can be reasonably estimated, it establishes the necessary accruals. As of June 30, 2024 and December 31, 2023, the Company is not aware of any contingent liabilities related to potential litigation that should be reflected in the financial statements.

In December 2021, the Company entered into an agreement to operate the wells on the Alvey Oil Field. Under this agreement, the Company owes a contingent amount based upon a 18.75% of the Working Interest less any rework and production costs to the Estate of Danny Hyde (“EDH) the former owner of the operator of record for the Alvey Oil Field. The rework costs incurred by the Company to date have been over $1 million so it is not anticipated any contingent payments will be made to EDH in 2024. In addition, the Company owes 20% of gross sales less severance tax to the landowners. At the same time of this agreement, the Company purchased $450,000 of equipment from the entity formerly owned by Danny Hyde. The Company is still evaluating the allocation of that purchase price to various assets acquired and potential liabilities assumed. The final allocation may be different than the current presentation.

CYBER ENVIRO-TECH, INC.
NOTES TO FINANCIAL STATEMENTS

NOTE 5 – PROPERTY AND EQUIPMENT

As of June 30, 2024 and December 31, 2023, property and equipment consisted of the following:

Schedule of property and equipment
	June 30, 2024		December 31, 2023		Useful Lives
Equipment	$	647,447	$	432,559	5 to 20 years
Vehicles		6,000		6,000	5 to 15 years
Property and equipment, net	$	653,447	$	438,559	—

No assets were placed in service for continuing operations under either period so there is no depreciation expense.

NOTE 6 – INTANGIBLE ASSETS

The intangible assets consist of exclusive licenses for United States distribution obtained by the Company from KAM Biotechnology Ltd (“KAM”) in May 2023 and the agreement has a term of ten years. The asset is stated at the fair value of $758,501, less amortization from May to December of $50,567, for a net of $707,934. In October 2023, CETI signed an additional agreement with KAM for secured worldwide rights to most the licenses over a ten-year period of time and outright purchase of one license. CETI gave KAM 1,000,000 share of common stock which were valued at $0.37/share at the date of the transaction for a total of $370,000, less amortization from October to December of $7,708, for a net of $362,292. This, combined with the initial license acquisition, resulted in a total intangible assets net balance of $1,070,226 as of December 31, 2023. For the three and six months ended June 30, 2024, there was a total of amortization of intangible assets of $28,213 and $56,425, respectively, resulting in a net balance of $1,042,013 and $1,013,801, respectively.

NOTE 7 – DEBT

Schedule of debt
	June 30, 2024			December 31, 2023
Note payables	$	230,000		$	100,000
Loan payable – related party		153,989			153,989
Convertible notes payable		2,930,650			2,810,250
Convertible notes payable – related party		22,000			22,000
		3,336,639			3,086,239
Debt discount		(157,595	)		(161,011	)
		3,179,044			2,925,228
Less current portion		410,472			154,154
Long term portion	$	2,768,572		$	2,771,074

The following is a schedule of debt maturity and the years in which the debt is scheduled to mature:

Schedule of debt maturity
Year		Amount
	2024		553,650
	2025		2,782,989
		$	3,336,639

Notes payable

At December 31, 2022, the Company had a note payable to a shareholder for $100,000 along with interest of $10,000. Repayment was due in January 2023. The shareholder decided to take $50,000 in cash and converted the remaining $60,000 to common stock.

At December 31, 2022, the Company had a note payable to a related party for $15,000 with an interest rate of 7%. This loan was paid off in January 2023.

In May 2023, the Company acquired certain intellectual property rights from KAM Biotechnology. The total acquisition price was $800,000 ($758,501 after discount). As of December 31, 2023, the Company has repaid the full balance.

In June 2023, the Company had a loan payable to an individual for $100,000 which was repaid in full with interest of $22,718 in September 2023. In December 2023, the Company borrowed $100,000 from the same individual and it was outstanding as of December 31, 2023. This loan does not have an expiration date and accrues interest at $250 day, of which $50 will be paid in cash and $200 in stock at $0.15 a share, when paid plus an additional $7,500 in cash. In June 2024, this individual lent another $40,000. This loan has no expiration date and the accrues interest at $125 a day - $25 in cash and $100 in stock at $0.15/share plus $3,000 in interest. Total interest paid in cash as of June 30, 2024 was $6,850.

In September 2023, a related party issued a loan to the Company for a total amount of $153,989 ($130,074 after discount). The loan is at 12.5% and is due in September of 2025.

In March 2024, the Company borrowed a total of $90,000 from an individual which consisted of two loans. The total interest paid as of June 30, 2024 was $6,500. The loans have no expiration date and accrue interest at the rate of $125 a day.

CYBER ENVIRO-TECH, INC.
NOTES TO FINANCIAL STATEMENTS

Convertible notes payable

In 2020, the Company executed a convertible note payable with a related party for $25,000 that is unsecured, non-interest bearing and convertible into shares of common stock at $0.001. In 2023, $3,000 of this note was converted its loan into 3,000,000 shares of common stock. The note matured on September 23, 2020 and is in default.

During the year ended December 31, 2022, the Company received $1,461,000 from the issuance of thirty-two separate convertible notes payable. $1,075,000 worth of notes payable were converted into common stock in 2023. The remaining $386,000 worth of notes payable bear interest at 8% and are convertible into common stock at a range of $0.10 to $0.25 a share. These notes had a two-year maturity date when issued. As of June 30, 2024 and December 31, 2023, the balance remaining on these notes issued in December 2022 was $75,000.

During the year ended December 31, 2023, the Company raised a net of $3,971,500 in convertible notes payable. The terms were the same as the convertible notes payable issued in December 2022, with the exception of three notes, one for $69,250 incurred in January 2023 and paid off in July 2023, the second for $90,000 incurred in September 2023 and the third for $79,250 incurred in December 2023. Each of these three notes bears interest at 8% and the second and third note are payable at maturity of September 25, 2024 and December 29, 2024, respectively. The second note is convertible into common stock at issuer’s option beginning March 20, 2024 at a 35% discount off of the lowest price for the ten preceding trading days. On March 21, 2024, CETI paid $60,000 towards this loan and the remainder in April 2024. The third note had the same terms with the issuer’s option starting June 25, 2024 and was paid off in June 2024.

During the year ended December 31, 2023, the Company converted $1,178,787 of convertible notes payable, plus accrued interest, into 10,830,890 shares of common stock. As of December 31, 2023, 8,110,690 common shares remain unissued. Also, as of December 31, 2023, $2,810,250 worth of convertible notes payable remain outstanding.

During the first six months of 2024, the Company raised a net of $1,307,000 in convertible notes payable. The terms were the same as the convertible notes payable issued in during 2023 with the exception of four notes – two for a total of $150,000 and two for a total of $173,650. For the notes totaling $150,000, these notes bear interest at 10% and are payable at maturity of September 2024. The notes are convertible into common stock at issuer’s option beginning thirty days after issuance at $0.35 share. In addition, a total of 150,000 common shares were issued in April 2024 as additional loan incentive. For the notes totaling $173,650, these notes bear interest at 8% and have a maturity date of April 26, 2025 and June 21, 2025. Both notes have an option beginning six months after issuance to be converted into common stock at a 35% discount off of the lowest price for the ten preceding trading days.

During the six months ended June 30, 2024, the Company converted $1,081,574 of convertible notes payable, plus accrued interest, into 5,375,497 shares of common stock. As of June 30, 2024, 22,944,477 common shares remain unissued. Also, as of June 30, 2024, $2,930,650 worth of convertible notes payable remain outstanding.

NOTE 8 – DERIVATIVE FINANCIAL INSTRUMENTS

Embedded derivatives

The Company’s convertible promissory notes gave rise to derivative financial instruments. The notes embodied certain terms and conditions that were not clearly and closely related to the host debt agreement in terms of economic risks and characteristics. These terms and features consist of the embedded conversion option.

The following tables summarize the components of the Company’s derivative liabilities and linked common shares as of June 30, 2024 and December 31, 2023 and the amounts that were reflected in income related to derivatives for the period ended:

Schedule of derivative liabilities
	June 30, 2024
The financings giving rise to derivative financial instruments	Indexed Shares		Fair Values
Embedded derivatives		1,083,099	$	220,059
Total		1,083,099	$	220,059


	December 31, 2023
The financings giving rise to derivative financial instruments	Indexed Shares		Fair Values
Embedded derivatives		878,836	$	217,177
Total		878,836	$	217,177

CYBER ENVIRO-TECH, INC.
NOTES TO FINANCIAL STATEMENTS

The following table summarizes the effects on the Company’s gain (loss) associated with changes in the fair values of the derivative financial instruments by type of financing for the three and six months ended June 30, 2024 and 2023:


	For the Three Months Ended
	June 30, 2024			June 30, 2023
Embedded derivatives	$	(42,896	)	$	(22,977	)
Loss on issuance of derivative		(83,894	)		—
Total gain (loss)	$	(126,790	)	$	(22,977	)


	For the Six Months Ended
	June 30, 2024			June 30, 2023
Embedded derivatives	$	(18,380	)	$	42,392
Loss on issuance of derivative		(109,043	)		(86,858	)
Total gain (loss)	$	(127,423	)	$	(37,466	)

Current accounting principles that are provided in ASC 815 - Derivatives and Hedging require derivative financial instruments to be classified in liabilities and carried at fair value with changes recorded in income. The Company has selected the Monte Carlo Simulation Model, which approximates the Monte Carlo Simulations, valuation technique to fair value the embedded derivative because it believes that this technique is reflective of all significant assumption types, and ranges of assumption inputs, that market participants would likely consider in transactions involving embedded derivatives. Such assumptions include, among other inputs, interest risk assumptions, credit risk assumptions and redemption behaviors in addition to traditional inputs for option models such as market trading volatility and risk-free rates. The Binomial Lattice Model technique is a level three valuation technique because it requires the development of significant internal assumptions in addition to observable market indicators. For instruments in which the time to expiration has expired, the Company has utilized the intrinsic value as the fair value. The intrinsic value is the difference between the quoted market price on the valuation date and the applicable conversion price.

Significant inputs and results arising from the Monte Carlo Simulation process are as follows for the embedded derivatives that have been bifurcated from the convertible notes and classified in liabilities:

Schedule of embedded derivatives
	Inception Date			Inception Date
	September 27, 2023 Note			December 29, 2023 Note
Quoted market price on valuation date	$	0.334		$	0.348
Effective contractual conversion rates	$	0.169		$	0.195
Contractual term to maturity		1 year			1 year
Market volatility:
Volatility		143.96%-730.38	%		161.76%-586.87	%
Risk-adjusted interest rate		8.48	%		8	%


	Inception Date			Inception Date			June 30, 2024
	April 26,2024 Note			June 21, 2024 Note			June 30, 2024
Quoted market price on valuation date	$	0.193		$	0.30		$	0.25
Effective contractual conversion rates	$	0.104		$	0.176		$	0.163
Contractual term to maturity		1 year			1 year			0.67 - 0.84 years
Market volatility:
Volatility		213.68%-298.84	%		239.77%-465.49	%		209.68%-508.01	%
Risk-adjusted interest rate		5.31	%		5.20	%		5.19	%

CYBER ENVIRO-TECH, INC.
NOTES TO FINANCIAL STATEMENTS

The following table reflects the issuances of embedded derivatives and changes in fair value inputs and assumptions related to the embedded derivatives as of June 30, 2024 and December 31, 2023.

Schedule of fair value assumptions
	Period Ended June 30, 2024			Year Ended December 31, 2023
Balances at beginning of period	$	217,177		$	—
Issuances:
Embedded derivatives		249,041			355,305
Conversions		(264,539	)		(49,248	)
Changes in fair value inputs and assumptions reflected in income		18,380			(88,880	)
Balances at end of period	$	220,059		$	217,177

CYBER ENVIRO-TECH, INC.
NOTES TO FINANCIAL STATEMENTS

NOTE 9 – RELATED PARTY TRANSACTIONS

At June 30, 2024 and December 31, 2023, the Company had a convertible note payable for $22,000 with a related party. The note is unsecured, non-interest bearing and is convertible into shares of common stock at $0.001.

At December 31, 2023, the Company had accounts payable to various related parties for a total of $80,991.

At December 31, 2022, the Company had a note payable of $15,000 to a related party. The note was secured by the F-150 truck and bore interest of 7%. This was paid back in February 2023.

In September 2023, a related party loaned $153,989 to CETI. The loan is due in two years and has interest only payments at 12.5%. The first six months interest was paid at time of closing and has been amortized over the six-month period of time.

During periods ended June 30, 2024 and December 31, 2023, the Company paid various related parties for consulting services in the amounts of $106,250 and $588,308, respectively. For the periods ended June 30, 2024 and December 31, 2023, $15,000 and $120,836, respectively, of the consulting fees were capitalized in property and equipment under well development costs.

At June 30, 2024, the Company had accounts payable to various related parties for a total of $124,708.

The above transactions and amounts are not necessarily what third parties would have agreed to.

NOTE 10 – PREFERRED STOCK

Series A Convertible Preferred Stock

The Company previously designated 200,000 shares of Preferred Stock as Series A Convertible Preferred Stock and had issued 200,000 shares. Voting Rights had been established whereby one (1) share of Series A Convertible Preferred Stock has ten (10) equivalent votes of stockholders of the Company's common stock for an aggregate of 10 votes. Each share of Series A Convertible Preferred Stock previously was convertible into ten (10) shares of the Company's common stock. In event of the liquidation of the Company, the shareholders of Series A Convertible Preferred Stock would have preference over the shareholders of the Company's common stock and all other series of Preferred Stock.

During 2023, the Company changed the terms this series of stock whereby one (1) share of Series A Convertible Preferred, after a minimum two-year holding period, can be converted into three thousand (3,000) shares of the Company’s common stock and has the same equivalent voting rights. In October 2023, the three top shareholders cancelled 50,000,000 common shares of stock and were issued 16,667 shares of Series A Convertible Preferred Stock. As of June 30, 2024 and December 31, 2023, there are 16,671 shares of Series A Convertible Stock issued and outstanding.

Series B Convertible Preferred Stock

The Company previously designated 85,000 shares of Preferred Stock as Series B Convertible Preferred Stock and had issued 67,448 shares. Holders of Series B Convertible Preferred Stock had no voting Rights. Each share of Series B Preferred Stock previously was convertible into one (1) share of the Company's Common Stock. In event of the liquidation of the Company, the shareholders of Series B Convertible Preferred Stock would have preference over the shareholders of the Company's Common Stock and all other series of Preferred Stock except for the shareholders of Series A Convertible Preferred Stock. As of June 30, 2024 and December 31, 2023, there is one 1 share of Series B Convertible Stock issued an outstanding.

Series C Non-Convertible Preferred Stock

The Company previously designated 50,000 shares of Preferred Stock as Series C Non-Convertible Preferred Stock and had issued all 50,000 shares. Holders of Series C Non-Convertible Preferred Stock have 1,600 shares of voting Rights per share. Series C Non-Convertible Preferred Stock is not convertible into any of the Company's Common Stock or other Series of Preferred Stock. In event of the liquidation of the Company, the shareholders of Series C Non-Convertible Preferred Stock would have preference over the shareholders of the Company's Common Stock and all other series of Preferred Stock except for the shareholders of Series A and Series B Convertible Preferred Stock. As of June 30, 2024 and December 31, 2023, there is 0.5 one-half share of Series C Convertible Stock issued an outstanding.

CYBER ENVIRO-TECH, INC.
NOTES TO FINANCIAL STATEMENTS

Special 2020 Series A Preferred

The Company has one share of preferred stock designated as Special 2020 Series A Preferred, par value $0.0001. The holder for the Special 2020 Series A Preferred shall vote with the holders of both preferred and common stockholders as a single class. The holder is entitled to 60% of all votes. The one share of Series A is convertible into 150,000,000 shares of common stock at any time and is not entitled to dividends. The Company purchased that one series A preferred share for $66,400. This share is now recorded as a Treasury stock. As of June 30, 2024 and December 31, 2023, there is 1 share of Special 2020 Series A Preferred issued and 0 outstanding.

NOTE 11 – STOCK OPTIONS AND WARRANTS

In connection with a consulting agreement dated March 7, 2022, the Company issued 200,000 options at an exercise price of $0.58 per share. These options vest one-fourth each six months over a period of two years and had a term of three years. The grant date fair value was $55,966. The Company recorded compensation expense in the amount of $18,318 for December 31, 2022 and, as of that date, there was $37,648 of total unrecognized compensation cost related to non-vested portion of options granted. In addition, there were 200,000 options outstanding, of which 100,000 and 50,000 were exercisable as December 31, 2022 with a weighted average remaining term of 1.31 years.

On June 3, 2023, the Company canceled the consultant’s 200,000 Options, of which 150,000 vested as of the cancellation date. On the same date, the Company agreed to issue 1,000,000 replacement options with a vesting date of June 3, 2023. The Company interprets this as concurrent replacement award and, as such, will account for it as a modification.

The following table summarizes the accounting effects of the modification:

Schedule of accounting effects
	June 3, 2023 Replacement Award
Fair value of new award	$	60,472
Fair value of original award on modification date	$	1,377
Incremental cost	$	59,095
Unrecognized grant-date fair value of original award on modification date	$	37,647
Cost to be recognized after modification	$	96,742
Recognition Period		24 months

Significant inputs and results arising from the Black-Scholes process are as follows for the options:


Quoted market price on valuation date	$	0.3480
Exercise price	$	0.3600
Expected life (in years)		1.50 Years

Equivalent volatility		32.88	%
Interest rates		4.50	%

Stock option activity for the six months ended June 30, 2024 is summarized as follows:

Schedule of stock option activity
		Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life
	Options outstanding December 31, 2023		1,000,000		0.3600		1.01
	Issued		—		—		—
	Exercised		—		—		—
	Cancelled		—		—		—
	Options outstanding June 30, 2024		1,000,000		0.3600		0.42
	Options exercisable June 30, 2024		1,000,000	$	0.3600		0.42

In connection with a different consulting agreement dated March 1, 2023, the Company initially agreed to pay 2,000,000 shares of common stock, along with a monthly consulting fee. This common stock was valued at $0.42 on the date of the agreement and was amortized equally over the six-month agreement. On July 1, 2023, the Company and consultant decided to amend the agreement so that the consultant would receive 3,250,000 warrants valued at $0.001 in replacement for the stock and extend the agreement until June 30, 2024. The agreement was amended again on September 15, 2023 resulting in an additional 500,000 warrants being issued and the agreement extended until September 15, 2025. This resulted in an additional $602,179 in consulting expenses which will be equally amortized over the following twelve month.

CYBER ENVIRO-TECH, INC.
NOTES TO FINANCIAL STATEMENTS

Significant inputs and results arising from the Black-Scholes process are as follows for the warrants:

Schedule of assumptions
Quoted market price on valuation date	$	0.3100
Effective contractual strike price	$	0.0013
Market volatility		373	%
Contractual term to maturity		2 years
Risk-adjusted interest rate		4.87	%

Stock warrant activity for the six months ended June 30, 2024 is summarized as follows:

Schedule of stock warrant activity
		Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life
	Warrants exercisable December 31, 2023		3,750,000	$	0.001		1.50
	Issued		—		—		—
	Exercised		—		—		—
	Expired		—		—		—
	Warrants outstanding June 30, 2024		3,750,000		0.001		1.00
	Warrants exercisable June 30, 2024		3,750,000	$	0.001		1.00

NOTE 12 – DISCONTINUED OPERATIONS

CETI is planning to spin-off the Alvey oil field operations into a new entity called Phoenix Well Development Inc (PWD). The shareholders of CETI will get a pro rata stock distribution of PWD common shares. A new investor group will run the operation.

Accordingly, the Company has categorized Alvey as discontinued operations in the financial statements for the periods ended June 30, 2024 and December 31, 2023.

The operating results for discontinued operations have been presented in the accompanying Statement of Operations for the six months ended June 30, 2024 and 2023 as discontinued operations and are summarized below:


	Six Months Ended June 30,
	2024			2023
Total revenue	$	9,208		$	—
Total cost of revenue		(2,725	)		—
Gross profit		6,483			—
Operating expenses		36,589			—
Loss from operations		(30,106	)
Other income (expenses)		—			(29,352	)
Loss before tax expense		(30,106	)		(29,352	)
Tax expense		—			—
Loss from operations of discontinued operations	$	(30,106	)	$	(29,352	)

CYBER ENVIRO-TECH, INC.
NOTES TO FINANCIAL STATEMENTS

The assets and liabilities of the discontinued operations at June 30, 2024 and December 31, 2023 are summarized below:


	Periods Ended
	June 30, 2024		December 31, 2023
Property and equipment, net⁽¹⁾	$	3,418,752	$	3,268,448
Texas Railroad Commission bond		62,537		62,537
Assets of discontinued operations, non-current		3,481,289		3,330,985
Total assets	$	3,481,289	$	3,330,985

Accounts payable	$	59,107	$	200,069
Note payable, current maturities		343,500		343,500
Liabilities of discontinued operations, current		402,607		543,569
Estimated asset retirement obligation		97,463		97,463
Liabilities of discontinued operations, non-current		97,463		97,463
Total liabilities	$	500,070	$	641,032

(1) Property and equipment, net

Property and equipment, at cost, for the discontinued operations consisted of the following at June 30, 2024 and December 31, 2023:


	June 30, 2024			December 31, 2023			Useful Lives
Equipment	$	739,481		$	739,481		5 to 20 years
Vehicles		61,000			61,000		5 to 15 years
Well development costs		2,758,114			2,571,221		*
Less accumulated depreciation		(139,843	)		(103,254	)	—
Property and equipment, net	$	3,418,752		$	3,268,448		—

Once full production begins, “Well development costs” will be depreciated using the units-of-production method based on barrels of oil produced. As of June 30, 2024, a minimal amount of oil has been produced and work is ongoing to determine how to determine how to get regular production from the field.

Depreciation expense for the discontinued operations for the three and six months periods ended June 30, 2024 and 2023 was $18,295 and $12,646 and $36,589 and $25,752 respectively.

Oil and Gas Producing Activities

The Company uses the successful efforts method of accounting for oil and gas activities. Under this method, the costs of productive exploratory wells, all development wells, related asset retirement obligation assets, and productive leases are capitalized and amortized, principally by field, on a units-of-production basis over the life of the remaining proved reserves. Exploration costs, including personnel costs, geological and geophysical expenses, and delay rentals for oil and gas leases are charged to expense as incurred. Exploratory drilling costs are initially capitalized, but charged to expense if and when the well is determined not to have found reserves in commercial quantities. The sale of a partial interest in a proved property is accounted for as a cost recovery, and no gain or loss is recognized as long as this treatment does not significantly affect the units-of-production amortization rate. A gain or loss is recognized for all other sales of producing properties. There were capitalized costs of $2,758,114 and $2,571,221 at June 30, 2024 and December 31, 2023, respectively.

Unproved oil and gas properties are assessed annually to determine whether they have been impaired by the drilling of dry holes on or near the related acreage or other circumstances, which may indicate a decline in value. When impairment occurs, a loss is recognized. When leases for unproved properties expire, the costs thereof, net of any related allowance for impairment, is removed from the accounts and charged to expense. During the six months ended June 30, 2024 and 2023, there was no impairment to unproved properties. The sale of a partial interest in an unproved property is accounted for as a recovery of cost when substantial uncertainty exists as to the ultimate recovery of the cost applicable to the interest retained. A gain on the sale is recognized to the extent that the sales price exceeds the carrying amount of the unproved property. A gain or loss is recognized for all other sales of unproved properties. For the six months ending June 30, 2024 and 2023, there was no gain or loss recognized for sales of unproved properties.

CYBER ENVIRO-TECH, INC.
NOTES TO FINANCIAL STATEMENTS

Costs associated with development wells that are unevaluated or are waiting on access to transportation or processing facilities are reclassified into developmental wells-in-progress ("WIP"). These costs are not put into a depletable field basis until the wells are fully evaluated or access is gained to transportation and processing facilities. Costs associated with WIP are included in the cash flows from investing as part of investment in oil and gas properties. At June 30, 2024 and December 31, 2023, no capitalized developmental costs were included in WIP.

Depreciation, depletion and amortization of proved oil and gas properties is calculated using the units-of- production method based on proved reserves and estimated salvage values. During the six months ended June 30, 2024 and 2023, the Company recorded no depreciation, depletion and amortization expense on oil and gas properties. The Company will start using the units-of-production method when the field is continuously operational and there are material sales.

The Company reviews its proved oil and natural gas properties for impairment whenever events and circumstances indicate that a decline in the recoverability of its carrying value may have occurred. It estimates the undiscounted future net cash flows of its oil and natural gas properties and compares such undiscounted future cash flows to the carrying amount of the oil and natural gas properties to determine if the carrying amount is recoverable. If the carrying amount exceeds the estimated undiscounted future cash flows, the Company will adjust the carrying amount of the oil and natural gas properties to fair value. During the six months ended June 30, 2024 and 2023, there was no impairment to proved properties.

(2) Texas Railroad Commission Bond and Estimated Asset Retirement Obligation

To cover the estimated future asset retirement obligations ("ARO") related to its oil and gas properties, the Company maintains a $62,337 bond with the Railroad Commission of Texas (“RRC”). With the help of an outside consultant, the Company estimates it would take $5,000 to cap each of the 32 wells on the property so there is a liability of $92,463 to make up the difference. The bond ensures that the Company will cap any wells on the Alvey Oil Field that it decides are no longer productive. Once the Company decides it is finished working the Alvey Oil Field, it can apply to the RRC to have the bond repaid.

Revisions to the liability could occur due to changes in estimated abandonment costs, changes in well economic lives, or if federal or state regulators enact new requirements regarding the abandonment of wells

NOTE 13 – INCOME TAXES

Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss, and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The U.S. federal income tax rate of 21% is being used.

Income taxes consist of the following components as of:

Schedule of federal income tax rate
	June 30, 2024			June 30, 2023
Federal income tax benefit attributable to:
Current Operations	$	455,204		$	307,643
Less: Valuation allowance		(455,204	)		(307,643	)
Net provision for Federal income taxes	$	—		$	—

The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the periods ended June 30, 2024 and December 31, 2023, due to the following:

Schedule of deferred tax asset
	June 30, 2024			December 31, 2023
Deferred tax asset attributable to:
Net operating loss carryover	$	1,867,188		$	1,411,984
Less: Valuation allowance		(1,867,188	)		(1,411,984	)
Net deferred tax asset	$	—		$	—

CYBER ENVIRO-TECH, INC.
NOTES TO FINANCIAL STATEMENTS

At June 30, 2024, the Company had net operating loss carry forwards of $1,865,088 that may be offset against future taxable income from the year 2022 to 2040. No tax benefit has been reported in the June 2024 and December 2023 financial statements since the potential tax benefit is offset by a valuation allowance of the same amount.

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards for Federal Income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years.

NOTE 14 – SUBSEQUENT EVENTS

The following are subsequent events that the Company considers may be material:

New money raised from investors from July 1, 2024 to August 30, 2024 – $362,000 in convertible debentures and another $100,000 through stock purchases.

CETI is under contract to purchase a salt water disposal facility in Oklahoma. During escrow, the Company has permission to operate on the field.

Since July 1, 2024, CETI has issued another 17,551,891 shares to convertible debenture holders

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.

The following discussion and analysis should be read in conjunction with our financial statements, including the notes thereto, appearing in this Form 10-Q and are hereby referenced. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this report. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. We believe it is important to communicate our expectations. However, our management disclaims any obligation to update any forward-looking statements whether as a result of new information, future events or otherwise.

These forward-looking statements are based on our management’s current expectations and beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. You should not rely upon these forward-looking statements as predictions of future events because we cannot assure you that the events or circumstances reflected in these statements will be achieved or will occur. You can identify a forward-looking statement by the use of the forward-terminology, including words such as “may”, “will”, “believes”, “anticipates”, “estimates”, “expects”, “continues”, “should”, “seeks”, “intends”, “plans”, and/or words of similar import, or the negative of these words and phrases or other variations of these words and phrases or comparable terminology. These forward-looking statements relate to, among other things: our sales, results of operations and anticipated cash flows; capital expenditures; depreciation and amortization expenses; sales, general and administrative expenses; our ability to maintain and develop relationship with our existing and potential future customers, and, our ability to maintain a level of investment that is required to remain competitive. Many factors could cause our actual results to differ materially from those projected in these forward-looking statements, including, but not limited to: variability of our revenues and financial performance; risks associated with technological changes; the acceptance of our products in the marketplace by existing and potential customers; disruption of operations or increases in expenses due to our involvement with litigation or caused by civil or political unrest or other catastrophic events; general economic conditions, government mandates; and, the continued employment of our key personnel and other risks associated with competition.

GENERAL OVERVIEW

Business Background

CYBER ENVIRO-TECH, INC. is a publicly held Wyoming oil and water filtration technology company that designs water purification solutions for commercial applications and industries

Our principal executive office is located at Cyber Enviro-Tech, Inc., 6991 E. Camelback Road, Suite D-300, Scottsdale, Arizona 85251. Our telephone number is 866 687-6856. Our Internet site is located at: www.cyberenviro.tech. We maintain our statutory registered agent's office at Registered Agents Inc. 30 N Gould St Ste R Sheridan, WY 82801 USA Telephone Number. (307) 200-2803

June 12, 2020, the District Court of Laramie County, Wyoming appointed Benjamin Berry of Synergy Management Group LLC (“Synergy”) as custodian of the Company.

On September 3, 2020, Synergy and Global Environmental Technologies, Inc. (“Global”), entered into a Securities Purchase Agreement, whereby Synergy sold its one share of Special Series A preferred stock and one-half share of Series C preferred stock to Global Environmental Technologies, Inc.

On September 23, 2020, the Company entered into a share exchange agreement with Global Environmental Technologies, Inc., (“Global”) a Wyoming corporation. Per the terms of the agreement, NexGen exchanged thirty-five shares of common stock for one share of Global.

On October 6, 2020, the Company formally changed its name with the State of Wyoming from NexGen Holdings to Cyber Enviro-Tech, Inc.

DESCRIPTION OF BUSINESS

Cyber Enviro-Tech, Inc is a water science technology company focusing on the remediation of contaminated industrial wastewater with an initial emphasis on the oil & gas industry. We are an emerging growth company with limited revenues and operating history. Our independent auditor has issued an audit opinion which includes a statement expressing substantial doubt as to our ability to continue as a going concern. Our pilot project is an oil field in West Texas. We currently own the mineral rights to a 479- acre, 33-well, located in Callahan County, Texas. This oil field operation known as the Alvey oil field will be spun-off into a new entity in the second quarter of 2024. In addition, the Company will soon be testing its oil water filtration machine in a few locations Southwest Texas and Oklahoma. In addition, the Company is in conversations to purchase its own Salt Water Disposal facility.

GENERAL OVERVIEW

Form and year of organization;

Cyber Enviro-Tech, Inc., also referred to as “CETI” and the “Company”, was founded in the State of Wyoming as Biolectronics, Corp. in April 1986.

Bankruptcy, receivership;

The company has never filed Bankruptcy or been involved in any receiverships or similar proceedings.

Material reclassification;

Cyber Enviro-Tech, Inc - CURRENT.

NexGen Holdings Corp - Until April 30, 2021

WindPower Innovations, Inc. until January 2014

Educational Services International, Inc. until November 2009

Bio-Life Systems, Inc. until November 2001

Biolectronics, Corp. to April 1992

Electronic Biotek, Inc. April 1986

Business of the Cyber Enviro-Tech, Inc.;

Cyber Enviro-Tech, Inc is a water science technology company focusing on the remediation of contaminated industrial wastewater with an initial emphasis on the oil & gas industry. We do this by integrating technologies to include cyber, aerospace, satellite, industrial and AI engineering telemetry. Our water filtration, waste water and alternative energy systems will have neural sensors, controls and networks - all connected to a cellular device.

The Company is testing its oil water filtration machine in a few locations Southwest Texas. Upon successful completion, the Company has plans to expand to other locations in Texas.

During 2023, the Company purchased the licensing to several patents from KAM Biotechnology, Ltd. These patents enhance the Company’s ability to treat wastewater in an environmentally friendly manner.

Our focus for the current fiscal year will be on:

Expanding our water and oil filtration operations in the Middle East and Texas

	2)	Developing in initial commercial tests with at least one significant meat packing client
	3)	Acquisition of salt water disposal facilities to vertically expand the Company’s operations

Spinning off the Alvey oil field operation into separate corporation called Phoenix Well Development, Inc via stock dividend to current shareholders of CETI.

Market Demand and Size - CETI’s water filtration system can be modified to address many of the water contamination issue that exists anywhere in the world. The markets envisioned for the CETI Water system when funds permit would be both domestic (U.S.) and global.

Results of Operations for the Three Months Ending June 30, 2024 and 2023

	2024			2023			$			%
Operating Expenses:
Professional Fees		25,729			20,452			5,277			26	%
General and administrative		147,938			76,599			71,339			93	%
Consulting		457,346			768,704			(311,358	)		-41	%
Total operating expenses		631,013			865,755			(234,742	)		-27	%

Operating loss from continuing operations		(631,013	)		(865,755	)		(234,742	)		-27	%

Other Income (Expense):
Change in fair value of derivative		(42,896	)		(22,977	)		(19,919	)		-87	%
Loss on issuance of derivative		(109,043	)		—			(109,043	)		-100	%
Gain on extinguishment of derivative liability		184,975			—			184,975			100	%
Amortization of intangible assets		(28,212	)		—			(28,212	)		-100	%
Change in fair value of contingent liability		—			1,350			(1,350	)		-100	%
Interest income		3,760			—			3,760			100	%
Interest expense		(259,626	)		(47,950	)		(211,676	)		-441	%
Total Other Income (Expense)		(251,042	)		(69,577	)		(181,465	)		-261	%

Loss from continuing operations		(882,055	)		(935,332	)		53,277			6	%

Discontinued operations:
Gain (loss) from operations of discontinued operations		(18,295	)		(12,646	)		(5,649	)		-45	%
Net Income (Loss)	$	(900,350	)		(947,978	)		(47,628	)		5	%

General and administrative Expenses. General and administrative expenses for the three months ended June 30, 2024 were up by 93% vs 2023 largely due to an increase in testing of CETI’s water filtration system, travel expenses overseas, testing of water samples and increased marketing expenses.

Professional fees. These fees are largely made up of audit and audit-related fees ($19,479 and $15,753 as of June 30, 2024 and 2023 respectively).

Consulting fees. Decreased by 41% due largely to the decrease in non-cash, stock-based compensation in 2024 of $279,576 vs $520,202 in 2023.

Other income (expense). Much of this is relates to the derivative accounting for convertible debt from a one lender. This lender offers the Company the option to payoff debt or convert it to stock. For the five loans taken out in 2023 and 2024, the Company has elected to payoff three of them and still has two outstanding. For the interest expense, this is largely due to an increase in convertible debentures issued by the Company. At June 30, 2024, the company had $2,757,000 in convertible debentures compared to $1,470,000 in June 2023.

Net income (loss) from continuing operations. The above changes resulted in net loss of $900,350 for the three months ended June 30, 2024 compared to a loss of $947,978 for the similar period in 2023. The losses are fairly comparable due to large drop in consulting fees being mostly offset by charges due to derivative accounting of certain convertible debt.

Discontinued operations: The Company is looking to spin off the Alvey oil field and this represents the non-capitalized expenses related to the Alvey.

Results of Operations for the Six Months Ending June 30, 2024 and 2023

	2024			2023			$			%
Operating Expenses:
Professional Fees		74,132			65,288			8,844			14	%
General and administrative		548,707			105,359			443,348			421	%
Consulting		1,032,173			1,136,514			(104,341	)		-9	%
Total operating expenses		1,655,012			1,307,161			347,851			-27	%

Operating loss from continuing operations		(1,655,012	)		(1,307,161	)		(347,851	)		-27	%

Other Income (Expense):
Change in fair value of derivative		(18,380	)		49,392			(67,772	)		-137	%
Loss on issuance of derivative		(109,043	)		(86,858	)		(22,185	)		26	%
Amortization of intangible assets		(56,425	)		—			(56,425	)		100	%
Interest expense		(420,778	)		(79,096	)		(341,682	)		432	%
Gain on extinguishment of derivative liability		264,539			—			264,539			100	%
Change in fair value of contingent liability		—			1,050			(1,050	)		-100	%
Interest income		4,684			—			4,684			100	%
Total Other Income (Expense)		(335,403	)		(115,512	)		(219,891	)		190	%

Loss from continuing operations		(1,990,415	)		(1,422,673	)		(567,742	)		-40	%

Discontinued operations:
Gain (loss) from operations of discontinued operations		(30,106	)		(29,352	)		(754	)		-3	%
Net Income (Loss)	$	(2,020,521	)		(1,452,025	)		(568,496	)		122	%

General and administrative Expenses. General and administrative expenses for the six months ended June 30, 2024 were up by 421% vs 2023 largely due to an increase in testing of CETI’s water filtration system, travel expenses overseas, testing of water samples and increased marketing expenses.

Professional fees. These fees are largely made up of audit and audit-related fees ($62,855 and $55,405 as of June 30, 2024 and 2023 respectively).

Consulting fees. Are largely made up from non-cash, stock-based compensation of $559,153 and $887,152 for the first six months of 2024 and 2023, respectively.

Net income (loss) from continuing operations. The above changes resulted in net loss of $1,990,415 for the six months ended June 30, 2024 compared to a loss of $1,422,673 for the similar period in 2023. Most of the difference is attributable to interest expense and increase in general and administrative expenses as noted above.

Discontinued operations: The Company is looking to spin off the Alvey oil field and this represents the non-capitalized expenses related to the Alvey.

Liquidity and Capital Resources

As of June 30, 2024, the Company had total assets of $5,674,154 including current assets of $499,469 as well as $3,481,289 from the discontinued operations of the Alvey oil field. We also have current liabilities of $1,297,411 which consist of accounts payable of $266,096 and short-term note payable of $180,471, net of discount of $143,179, loans payable of $230,000 and $402,607 from the discontinued operations of the Alvey oil field which is mostly the payable due on the Alvey Oil Field leasehold improvements. We also have $3,064,095 of long-term liabilities which is largely due to convertible notes payable of $2,607,000. We believe our ability to achieve commercial success and continued growth will be dependent upon our continued access to capital either through sale of additional convertible debentures, sale of our equity or cash generated from operations. We will attempt to obtain additional capital through private investors; however, we have no agreements or understandings with third parties at this time in regards to investing additional monies.

The accompanying financial statements have been prepared assuming the Company will continue as a going concern. However, as noted above, the Company is dependent upon raising additional capital to meet its business plans which raises substantial doubt about the Company’s ability to continue as a going concern.

S-1 Registration Statement Effective January 2023

The Company filed an S-1 Registration statement in 2022 and it became effective in January 2023. This gives the Company the right to sell 10 million shares of common stock at $0.40 per share and allowed almost seven million shares of stock from debentures converted in 2022 to become free trading shares. As of September 4, 2024, none of the 10 million shares of common stock have been sold.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

As a "smaller reporting company," as defined by Item 10 of Regulation S-K, the Company is not required to provide this information.

Item 4. Controls and Procedures.

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 (the "Exchange Act") is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission's rules and forms. Disclosure controls and procedures include controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is accumulated and communicated to management to allow timely decisions regarding required disclosure.

As required by paragraph (b) of Rules 13a-15 or 15d-15 under the Exchange Act, our management, with the participation of our chief executive officer (our principal executive officer) and our chief financial officer (our principal financial officer and principal accounting officer) evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this quarterly report, being June 30, 2024.

Based on this evaluation, these officers concluded that, as of June 30, 2024 these disclosure controls and procedures were not effective to ensure that the information required to be disclosed by our company in reports it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities Exchange Commission. The conclusion that our disclosure controls and procedures were not effective was due to the Company was lacking in pre-planning for expenses and documentation of all transactions. As of June 30, 2024, some progress has been made in implementing enhanced controls and procedures.

Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues, if any, within our company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake.

A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a more than remote possibility that a misstatement of our company's annual or interim financial statements could occur. In its assessment of the effectiveness of our internal control over financial reporting as of June 30, 2024, we determined that there were control deficiencies that constituted material weaknesses which are indicative of many small companies with small staff, such as:

(1)

inadequate segregation of duties and effective risk assessment; and

(2)

insufficient written policies and procedures for documenting all transactions with vendors.

Our management is currently evaluating remediation plans for the above deficiencies. During the period covered by this quarterly report on Form 10-Q, we have been able to remediate some of the weaknesses described above. However, we plan to take steps to enhance and improve the design of our internal control over financial reporting.

PART II—OTHER INFORMATION

Instruction. The report shall contain the item numbers and captions of all applicable items of Part II, but the text of such items may be omitted provided the responses clearly indicate the coverage of the item. Any item which is inapplicable or to which the answer is negative may be omitted and no reference thereto need be made in the report. If substantially the same information has been previously reported by the registrant, an additional report of the information on this form need not be made. The term “previously reported” is defined

in Rule 12b-2 (17 CFR 240. 12b-2). A separate response need not be presented in Part II where information called for is already disclosed in the financial information provided in Part I and is incorporated by reference into Part II of the report by means of a statement to that eﬀect in Part II which specifically identifies the incorporated information.

Item 1. Legal Proceedings.

We are not a party to any legal proceedings, nor are we aware of any threatened litigation whatsoever.

Item 1A. Risk Factors.

As a "Smaller Reporting Company," as defined by Item 10 of Regulation S-K, the Company is not required to provide this information.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

Date of

Transaction

Transaction type (e.g. new issuance, cancellation, shares returned to treasury)

Number of Shares Issued (or cancelled)

Class of Securities

Value of shares issued ($/per share) at Issuance

Individual/ Entity Shares were issued to (entities must have individual with voting / investment control disclosed).

Reason for share issuance (e.g. for cash or debt conversion) -OR- Nature of Services Provided

Restricted or Unrestricted as of this filing.

2/24/2021

New

123,457

Common

0.097

Lester Black

Cash

Restricted

3/18/2021

New

14,286

Common

0.350

Frank Kigenyi

Cash

Restricted

3/20/2021

New

14,286

Common

0.350

Ramonte Parea Hackman

Cash

Restricted

3/22/2021

New

28,572

Common

0.350

Lenora Rodriguez

Cash

Restricted

3/25/2021

New

14,286

Common

0.350

Ernest Bevans

Cash

Restricted

4/5/2021

New

14,286

Common

0.350

Vanessa DeMattei

Cash

Restricted

5/4/2021

New

50,000

Common

0.200

Greg Hebert

Grant fee

Restricted

9/27/2021

New

144,033

Common

0.097

Lester Black

Cash

Restricted

2/25/2022

New

3,000,000

Common

0.078

Markham and ML Broughton RT, Markham Broughton

Cash

Restricted

2/25/2022

New

750,000

Common

0.133

Gary E. Smith Living Trust, Gary Smith

Cash

Restricted

12/31/2022

New

400,000

Common

0.420

Joe Isaac, Axiom Group

Services

Restricted

12/31/2022

New

42,000

Common

0.457

Malcolm Mcquire

Services

Restricted

3/24/2023

New

300,000

Common

0.420

Joe Isaac, Axiom Group

Services

Restricted

4/3/2023

New

3,000,000

Common

0.001

Joe Isaacs

Services

Unrestricted

5/23/2023

New

250,000

Common

0.42

Joe Isaacs

Services

Restricted

5/23/2023

New

250,000

Common

0.38

Frank Straw

Services

Restricted

5/23/2023

New

250,000

Common

0.31

Markus Miller

Services

Restricted

5/23/2023

New

200,000

Common

0.38

Bruce Moore

Services

Restricted

5/23/2023

New

1,000,000

Common

0.38

US Affiliated Inc, Karen Fowler

Services

Restricted

Date of

Transaction

Transaction type (e.g. new issuance, cancellation, shares returned to treasury)

Number of Shares Issued (or cancelled)

Class of Securities

Value of shares issued ($/per share) at Issuance

Individual/ Entity Shares were issued to (entities must have individual with voting / investment control disclosed).

Reason for share issuance (e.g. for cash or debt conversion) -OR- Nature of Services Provided

Restricted or Unrestricted as of this filing.

7/21/2023

New

15,000

Common

0.35

Benjamin Berry

Contingent Lability Paid

Restricted

10/18/2023

New

600,000

Common

0.10

Jaron Mossman & Jode Vallejos JTTEN

Debt conv

Restricted

10/18/2023

New

253,180

Common

0.10

Mark Mitrev

Debt conv

Restricted

10/18/2023

New

101,250

Common

0.10

Jaylen Mossman

Debt conv

Restricted

10/18/2023

New

252,850

Common

0.10

Peter D. Lawrence

Debt conv

Restricted

10/18/2023

New

121,370

Common

0.10

Justin Mossman

Debt conv

Restricted

11/7/2023

New

500,000

Common

0.31

Markus Miller

Services

Restricted

11/7/2023

New

2,000,000

Common

0.335

Serdar Gurel

Services

Restricted

11/7/2023

New

252,580

Common

0.10

McKellar R Trust, Donald McKellar III, trustee

Debt conv

Restricted

11/7/2023

New

252,580

Common

0.10

Susan E. Crossett

Debt conv

Restricted

11/7/2023

New

505,050

Common

0.10

Douglas Gore

Debt conv

Restricted

12/28/2023

New

360,000

Common

0.25

Markham and ML Broughton RT, Markham Broughton

Services

Restricted

12/28/2023

New

253,240

Common

0.10

Timothy and Kim Dukes

Debt conv

Restricted

12/28/2023

New

252,470

Common

0.10

Alexander Fil

Debt conv

Restricted

12/28/2023

New

252,360

Common

0.10

Chris Gressinger

Debt conv

Restricted

12/28/2023

New

256,360

Common

0.10

Dwayne Hay

Debt conv

Restricted

2/2/2024

New

1,011,620

Common

0.10

DePrima Donnelly Family Trust, Anthony DePrima, trustee

Debt conv

Restricted

2/2/2024

New

335,850

Common

0.10

Carl R. Vertuca

Debt conv

Restricted

2/2/2024

New

335,780

Common

0.10

Bryan Vertuca

Debt conv

Restricted

2/28/2024

New

252,030

Common

0.10

Jeffrey Kelley

Debt conv

Restricted

2/28/2024

New

302,370

Common

0.10

Leibowitz Living Trust, Alan Leibowitz, trustee

Debt conv

Restricted

2/28/2024

New

336,790

Common

0.10

Dominic Mancini

Debt conv

Restricted

2/28/2024

New

253,680

Common

0.10

David Townley Paton

Debt conv

Restricted

2/28/2024

New

253,240

Common

0.10

Michael Volpe/ Liliane Stachishin-Moura, JTTN

Debt conv

Restricted

3/12/2024

New

505,820

Common

0.10

Paul Stander, SEP-IRA

Debt conv

Restricted

3/12/2024

New

202,020

Common

0.10

Nicole M. Hobbs

Debt conv

Restricted

3/12/2024

New

252,140

Common

0.10

James S Benedict

Debt conv

Restricted

Date of

Transaction

Transaction type (e.g. new issuance, cancellation, shares returned to treasury)

Number of Shares Issued (or cancelled)

Class of Securities

Value of shares issued ($/per share) at Issuance

Individual/ Entity Shares were issued to (entities must have individual with voting / investment control disclosed).

Reason for share issuance (e.g. for cash or debt conversion) -OR- Nature of Services Provided

Restricted or Unrestricted as of this filing.

3/12/2024

New

252,090

Common

0.10

Cameron Turner

Debt conv

Restricted

3/12/2024

New

100,710

Common

0.10

Jill B. Mossman

Debt conv

Restricted

4/2/2024

New

256,310

Common

0.10

Dwayne Hay

Debt conv

Restricted

4/2/2024

New

252,310

Common

0.10

JJJ Enterprises, Jeff J. Jorgenson

Debt conv

Restricted

4/2/2024

New

251,700

Common

0.10

Michael B. Schuster

Debt conv

Restricted

4/2/2024

New

126,565

Common

0.20

Business Marketing Group, Brian Foster

Debt conv

Restricted

4/2/2024

New

252,030

Common

0.10

McKellar Revocable Trust, December 17 2012, Donald McKellar III, trustee

Debt conv

Restricted

4/15/2024

New

756,250

Common

0.10

Timothy and Kim Dukes

Debt conv

Restricted

4/15/2024

New

500,760

Common

0.10

Dwayne Hay

Debt conv

Restricted

4/15/2024

New

34,000

Common

0.35

DePrima Donnelly Family Trust, Anthony DePrima, trustee

Debt conv

Restricted

4/15/2024

New

66,000

Common

0.35

Neil Superfon

Debt conv

Restricted

4/15/2024

New

201,360

Common

0.20

Thomas Randall Powell

Debt conv

Restricted

5/9/2024

New

252,910

Common

0.10

Markl Family Living Trust, Barry Markl

Debt conv

Restricted

5/9/2024

New

200,970

Common

0.10

Kaan Brian Gokay

Debt conv

Restricted

5/9/2024

New

253,015

Common

0.20

William and Jennifer Vincent

Debt conv

Restricted

5/9/2024

New

303,555

Common

0.20

TWCI Consulting LLC, Christopher Ingram

Debt conv

Restricted

5/9/2024

New

25,255

Common

0.20

Michael Hay

Debt conv

Restricted

5/9/2024

New

50,505

Common

0.20

Jaye Gene Todd Collier

Debt conv

Restricted

5/22/2024

New

77,285

Common

0.20

Paul Leonard

Debt conv

Restricted

5/22/2024

New

128,645

Common

0.20

David Haley

Debt conv

Restricted

5/22/2024

New

128,535

Common

0.20

Staunton Family 2007 Trust, Richard Staunton, trustee

Debt conv

Restricted

5/22/2024

New

1,285,070

Common

0.20

Chris Cappuccilli

Debt conv

Restricted

5/22/2024

New

12,835

Common

0.20

Dallas Dukes

Debt conv

Restricted

5/22/2024

New

12,835

Common

0.20

T Jordan Dukes

Debt conv

Restricted

Date of

Transaction

Transaction type (e.g. new issuance, cancellation, shares returned to treasury)

Number of Shares Issued (or cancelled)

Class of Securities

Value of shares issued ($/per share) at Issuance

Individual/ Entity Shares were issued to (entities must have individual with voting / investment control disclosed).

Reason for share issuance (e.g. for cash or debt conversion) -OR- Nature of Services Provided

Restricted or Unrestricted as of this filing.

6/11/2024

New

513,155

Common

0.20

Michael and Judith Mendoza Revocable Living Trust dated 8 March 2004, Michael Mendoza, trustee

Debt conv

Restricted

6/11/2024

New

127,580

Common

0.20

Jessica Patterson

Debt conv

Restricted

6/11/2024

New

127,140

Common

0.20

F. Stanton Sipes

Debt conv

Restricted

6/11/2024

New

260,305

Common

0.20

Peter Mitrev

Debt conv

Restricted

6/11/2024

New

184,620

Common

0.20

Carlos Eduardo Garcia Enriquez

Debt conv

Restricted

6/11/2024

New

25,785

Common

0.20

Michele Blackman

Debt conv

Restricted

6/20/2024

New

525,320

Common

0.20

Neil Superfon

Debt conv

Restricted

6/20/2024

New

127,905

Common

0.20

Michele Blackman

Debt conv

Restricted

6/20/2024

New

127,330

Common

0.20

Harborside Group Trust, Jim Mead

Debt conv

Restricted

6/20/2024

New

128,730

Common

0.20

Chase Donaldson

Debt conv

Restricted

6/20/2024

New

12,870

Common

0.20

David Paton

Debt conv

Restricted

6/20/2024

New

294,200

Common

0.10

Lawrence Weiss Living Trust, Katherine Lawrence, trustee

Debt conv

Restricted

Securities authorized for issuance under equity compensation plans

The Company has not reserved any securities for issuance under equity compensation plans for any officers, directors or any beneficial owners.

On December 29, 2020, the Company entered into a consulting agreement with Winston McKellar for professional services wherein the Company paid 250,000 common shares.

On November 21, 2022 the Company entered into a consulting agreement with Axiom Group (Joseph Isaacs, sole Officer and director) for professional services wherein the Company paid Axiom Group (Joseph Isaacs) 950,000 common shares.

On April 25, 2023 the Company entered into a consulting agreement with Dr. Markus Miller for professional services wherein the Company paid 1,000,000 common shares.

On May 17, 2023 the Company entered into a consulting agreement with Frank Straw for professional services wherein the Company paid 1,000,000 common shares.

On June 3, 2023, the Company entered into a consulting agreement with Ken Waters for professional services wherein the Company issued 1,000,000 options with a strike price of $0.20 a share.

On September 15, 2023, the Company entered into a consulting agreement with Kaybrook Client Consulting LLC, Harry Datys, for professional services wherein the Company issued 3,950,000 warrants at a par value of $0.001.

On November 6, 2023 the Company entered into a distribution and consulting agreement with Delta, Serdar Gurel, for professional services wherein the Company paid 1,000,000 common shares.

The Company has had a working relationship with Bruce Moore for several years. To keep him engaged, the Company gave him 200,000 common shares for professional services.

The Company has had a working relationship with US Affiliated, Inc, owned by Karen Fowler, for the past year. To keep the company engaged, CETI gave US Affiliated, Inc 1,000,000 common shares for professional services.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

None.

Item 5. Other Information.

During the Company’s quarter ended June 30, 2024, no director or officer adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement.

Item 6. Exhibits.

		Incorporated by Reference			Filed or Furnished
Exhibit #	Exhibit Description	Form	Date	Number	Herewith
31.1	Certification of Principal Executive Officer (302)				Filed
31.2	Certification of Principal Financial Officer (302)				Filed
32.1	Certification of Principal Executive and Principal Financial Officers (906)				Furnished*
101.INS	Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)				Filed
101.SCH	Inline XBRL Taxonomy Extension Schema Document				Filed
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document				Filed
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document				Filed
101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document				Filed
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document				Filed
104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)				Filed

*This exhibit is being furnished rather than filed and shall not be deemed incorporated by reference into any filing, in accordance with Item 601 of Regulation S-K.

SIGNATURES*

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Signature	Title	Date

*/s/ Kim D. Southworth*	Chief Executive Officer	September 5, 2024
Kim D. Southworth

*/s/ Dan Leboffe*	Principal Accounting Officer	September 5, 2024
Dan Leboffe

Exhibit 31.1

302 CERTIFICATION

I, Kim D. Southworth, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Cyber Enviro-Tech, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in the report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: September 5, 2024

/s/ Kim D. Southworth
Kim D. Southworth
Chief Executive Officer

Exhibit 31.2

302 CERTIFICATION

I, Dan Leboffe, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Cyber Enviro-Tech, Inc.;

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: September 5, 2024

/s/ Dan Leboffe
Dan Leboffe
Chief Financial Officer

EXHIBIT 32.1

SECTION 906 CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL AND ACCOUNTING OFFICER

In connection with the Annual Report of Cyber Enviro-Tech, Inc., (the “Company”) on Form 10-Q for the period ended June 30, 2024, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Kim D. Southworth, Chief Executive Officer and Dan Leboffe, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

1. The Report fully complies with requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Kim Southworth
Kim D. Southworth
Chief Executive Officer

Dated: September 5, 2024

/s/ Dan Leboffe
Dan Leboffe
Chief Financial Officer

Dated: September 5, 2024

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2024	Aug. 30, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	333-267560
Entity Registrant Name	Cyber Enviro-Tech, Inc.
Entity Central Index Key	0001935092
Entity Tax Identification Number	86-3601702
Entity Incorporation, State or Country Code	WY
Entity Address, Address Line One	6991 E. Camelback Road
Entity Address, Address Line Two	Suite D-300
Entity Address, City or Town	Scottsdale
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85251
City Area Code	307
Local Phone Number	200-2803
Title of 12(g) Security	Common Stock, par value $0.001 per share
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		107,193,462

BALANCE SHEETS - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 98,134	$ 239,417
Loan receivable	190,000	100,000
Prepaid expenses and other current assets	211,335	691,536
Total current assets	499,469	1,030,953
Property and equipment	679,595	438,558
Acquired intangible assets, net	1,013,801	1,070,226
Assets of discontinued operations, non-current	3,481,289	3,330,985
Total Assets	5,674,154	5,870,722
Current Liabilities:
Accounts payable	157,253	20,144
Accounts payable – related parties	68,843	0
Accrued interest	196,237	96,623
Note payables, current maturities	230,000	100,000
Convertible notes payable, net of discount of $143,180 and $137,096 at June 30, 2024 and December 31, 2023, respectively	180,470	32,154
Convertible notes payable – related parties	22,000	22,000
Liabilities of discontinued operations, current	386,743	462,578
Liabilities of discontinued operations, current – related parties	55,864	80,991
Total current liabilities	1,297,410	814,490
Note payable, related party, net of discount of $14,417 and $23,915 at June 30, 2024 and December 31, 2023, respectively	139,572	130,074
Convertible notes payable	2,607,000	2,641,000
Derivative liability	220,059	217,177
Liabilities of discontinued operations, non-current	97,463	97,463
Total Liabilities	4,361,505	3,900,204
Commitments and contingencies (Note 4)
Stockholders’ Equity:
Common Stock, par value $0.001, 350,000,000 shares authorized; 89,745,353 and 77,467,573 shares issued and outstanding, respectively	89,706	77,468
Additional paid-in capital	9,563,059	7,801,868
Common stock to be issued	522,713	933,489
Treasury stock, at cost	(66,400)	(66,400)
Accumulated deficit	(8,796,446)	(6,775,924)
Total Stockholders’ Equity	1,312,649	1,970,518
Total Liabilities and Stockholders’ Equity	5,674,154	5,870,722
Series A Convertible Preferred Stock [Member]
Stockholders’ Equity:
Preferred stock, value	17	17
Series B Convertible Preferred Stock [Member]
Stockholders’ Equity:
Preferred stock, value	0	0
Series C Non Convertible Preferred Stock [Member]
Stockholders’ Equity:
Preferred stock, value	0	0
Special 2020 Series A Preferred Stock [Member]
Stockholders’ Equity:
Preferred stock, value	$ 0	$ 0

BALANCE SHEETS (Parenthetical) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Convertible notes payable, net of discount	$ 143,180	$ 137,096
Note payable related party, net of discount	$ 14,417	$ 23,915
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	350,000,000	350,000,000
Common stock, shares issued	89,745,353	77,467,573
Common stock, shares outstanding	89,745,353	77,467,573
Series A Convertible Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	200,000	200,000
Preferred stock, shares issued	16,671	16,671
Preferred stock, shares outstanding	16,671	16,671
Series B Convertible Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	85,000	85,000
Preferred stock, shares issued	1	1
Preferred stock, shares outstanding	1	1
Series C Non Convertible Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000	50,000
Preferred stock, shares issued	0.5	0.5
Preferred stock, shares outstanding	0.5	0.5
Special 2020 Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1	1
Preferred stock, shares issued	1	1
Preferred stock, shares outstanding	1	1

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue:
Gross sales	$ 0	$ 0	$ 0	$ 0
Cost of sales	0	0	0	0
Adjusted Gross Sales	0	0	0	0
Operating Expenses:
Professional fees	25,729	20,452	74,132	65,288
General and administrative	147,938	76,599	548,707	105,359
Consulting	457,346	768,704	1,032,173	1,136,514
Total operating expenses	631,013	865,755	1,655,012	1,307,161
Operating loss from continuing operations	(631,013)	(865,755)	(1,655,012)	(1,307,161)
Other Income (Expense):
Change in fair value of derivatives	(42,896)	(22,977)	(18,380)	49,392
Loss on issuance of derivatives	(109,043)	0	(109,043)	(86,858)
Gain on extinguishment of derivative liability	184,975	0	264,539	0
Amortization of intangible assets	(28,212)	0	(56,425)	0
Change in fair value of contingent liability	0	1,350	0	1,050
Interest income	3,760		4,684
Interest expense	(259,626)	(47,950)	(420,778)	(79,096)
Total other income (expense)	(251,042)	(69,577)	(335,403)	(115,512)
Loss from continuing operations	(882,055)	(935,332)	(1,990,415)	(1,422,673)
Discontinued Operations:
Loss from operations of discontinued operations	(18,295)	(12,646)	(30,106)	(29,352)
Total Discontinued Operations	(18,295)	(12,646)	(30,106)	(29,352)
Net Loss	$ (900,350)	$ (947,978)	$ (2,020,521)	$ (1,452,025)
Loss per share, basic	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.01)
Loss per share, diluted	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.01)
Weighted average shares outstanding, basic	83,683,858	117,103,569	80,923,471	116,526,714
Weighted average shares outstanding, diluted	83,683,858	117,103,569	80,923,471	116,526,714

STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock, Common [Member]	Common Stock To Be Issued [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2022		$ 115,915	$ 4,368,442	$ (66,400)	$ 52,496	$ (2,432,820)	$ 2,037,633
Beginning balance, shares at Dec. 31, 2022	4	115,914,283			154,400
Options granted for services			5,514				5,514
Shares issued for services		$ 375	143,625		$ 87,504		231,504
Shares issued for services, shares		375,000			178,933
Shares issued for conversion of convertible notes payable					$ 60,000		60,000
Shares issued for conversion of convertible notes payable, shares					600,000
Net loss						(504,083)	(504,083)
Ending balance, value at Mar. 31, 2023		$ 116,290	4,517,581	(66,400)	$ 200,000	(2,936,903)	1,830,568
Ending balance, shares at Mar. 31, 2023	4	116,289,283			933,333
Common stock issued from prior periods
Shares issued for cash
Shares issued for conversion of Advance on joint venture
Options granted for services			5,575				5,575
Shares issued for services		$ 1,950	731,550		$ 420,000		1,153,500
Shares issued for services, shares		1,950,000			1,000,000
Shares issued in connection with convertible notes payable					$ 663,636		663,636
Shares issued in connection with convertible notes payable, shares					3,318,180
Shares issued for conversion of notes payable
Net loss						(947,942)	(947,942)
Ending balance, value at Jun. 30, 2023		$ 118,240	5,254,706	(66,400)	$ 1,283,636	(3,884,845)	2,705,337
Ending balance, shares at Jun. 30, 2023	4	118,239,283			5,251,513
Beginning balance, value at Dec. 31, 2023	$ 17	$ 77,468	7,801,868	(66,400)	$ 933,489	(6,775,924)	1,970,518
Beginning balance, shares at Dec. 31, 2023	16,674	77,467,573			8,173,019
Shares issued from prior periods		$ 4,394	435,020		$ (439,414)
Shares issued from prior periods, shares		4,394,140			(4,394,140)
Shares issued for interest					$ 29,938		29,938
Shares issued for interest, shares					193,975
Shares issued for conversion of convertible notes payable					$ 1,026,000		1,026,000
Shares issued for conversion of convertible notes payable, shares					6,517,500
Net loss						(1,120,172)	(1,120,172)
Ending balance, value at Mar. 31, 2024	$ 17	$ 81,862	8,236,888	(66,400)	$ 1,550,013	(7,896,096)	1,906,284
Ending balance, shares at Mar. 31, 2024	16,674	81,861,713			10,490,354
Shares issued from prior periods		$ 7,744	1,302,292		$ (1,310,036)
Shares issued from prior periods, shares		7,630,000			(7,630,000)
Shares issued for cash					$ 50,000		50,000
Shares issued for cash, shares					333,334
Shares issued for services					$ 172,500		$ 172,500
Shares issued for services, shares					375,000
Shares issued for interest		100	23,879		35,236		59,215
Shares issued for interest, shares		253,639			(18,732)
Shares issued for conversion of convertible notes payable					$ 25,000		$ 25,000
Shares issued for conversion of convertible notes payable, shares					166,667
Net loss						(900,350)	(900,350)
Ending balance, value at Jun. 30, 2024	$ 17	$ 89,706	$ 9,563,059	$ (66,400)	$ 522,713	$ (8,796,446)	$ 1,312,649
Ending balance, shares at Jun. 30, 2024	16,674	89,745,352			3,716,623

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Cash flow from operating activities:
Net loss	$ (2,020,521)	$ (1,452,025)
Adjustments to reconcile net loss to net cash from operating activities:
Change in fair value of derivatives	18,380	(49,392)
Loss on issuance of derivatives	109,043	86,858
Options issued for services	0	11,089
Debt discount on issuance of derivative	0	65,000
Change in fair value of contingent liability	0	(1,050)
Gain on extinguishment of derivative liability	(264,539)	0
Stock compensation	559,153	876,063
Amortization of debt discount	166,064	38,515
Amortization expense	56,425	12,642
Shares issued for interest	78,579
Changes in operating assets and liabilities
Prepaid expenses and other current assets	108,799	(84,528)
Accounts payable	104,990	(611)
Interest receivable	(4,678)	0
Accrued interest	99,614	28,536
Net cash from operating activities from continuing operations	(988,691)	(468,903)
Cash flows from investing activities:
Purchase of property and equipment	(241,038)	(221,656)
Issuance of loan receivable	(90,000)	0
Acquisition of licenses from KAM Biotechnology, Ltd.	0	(659,339)
Net cash from investing activities from continuing operations	(331,038)	(880,995)
Cash flows from financing activities:
Repayment of convertible notes payable	(169,250)	(311,000)
Proceeds from convertible notes payable	1,318,000	2,056,250
Shares issued for cash	50,000	0
Proceeds from notes payable	130,000	100,000
Repayment of notes payable – related party	0	(65,000)
Net cash from financing activities from continuing operations	1,328,750	1,780,250
Net change in cash and cash equivalents from continuing operations	9,021	430,352
Cash flow from discontinued operations:
Net cash from operating activities from discontinued operations	36,589	(34,170)
Net cash from investing activities from discontinued operations	(186,893)	(545,473)
Net cash from financing activities from discontinued operations	0	0
Net change in cash and cash equivalents from discontinued operations	(150,304)	(579,643)
Cash and cash equivalents at beginning of year	239,417	297,349
Cash and cash equivalents at end of period	98,134	148,058
Cash paid during the period for:
Interest	41,982	5,189
Income taxes	0	0
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Shares issued or to be issued for conversion of convertible notes payable and accrued interest	$ 1,140,153	$ 723,636

Pay vs Performance Disclosure - USD ($)	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (900,350)	$ (947,978)	$ (2,020,521)	$ (1,452,025)

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

ORGANIZATION AND DESCRIPTION OF BUSINESS

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ORGANIZATION AND DESCRIPTION OF BUSINESS

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Use of estimates

Revenue recognition

The Company recognizes sales when oil is picked up by the delivery company and control passes to the customer.

Cash equivalents

Property and Equipment

Discontinued Operations

Note Receivable

Impairment of Long-Lived Assets

Intangible Assets

Stock-based Compensation

Fair Value of Financial Instruments

Level 1:	Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.
Level 2:	Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.
Level 3:	Pricing inputs that are generally unobservable inputs and not corroborated by market data.

The following table classifies the Company’s liability measured at fair value on a recurring basis into the fair value hierarchy as of June 30, 2024:

Schedule of derivative liability
Description		Level 1		Level 2		Level 3		Total
	Derivative	$	—	$	—	$	220,059	$	220,059
	Total	$	—	$	—	$	220,059	$	220,059

The following table classifies the Company’s liability measured at fair value on a recurring basis into the fair value hierarchy as of December 31, 2023:


Description		Level 1		Level 2		Level 3		Total
	Derivative	$	—	$	—	$	217,177	$	217,177
	Total	$	—	$	—	$	217,177	$	217,177

Income taxes

Net income (loss) per common share


	Six months ended June,
	2024		2023
Warrants		3,750,000		—
Stock options		1,000,000		200,000
Convertible notes payable		22,944,477		17,138,953
Preferred stock		50,012,000		3
Total		77,706,477		17,338,956

Concentration of credit risks

Recently issued accounting pronouncements

GOING CONCERN

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

GOING CONCERN

NOTE 3 – GOING CONCERN

The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties.

COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 4 – COMMITMENTS AND CONTINGENCIES

PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

As of June 30, 2024 and December 31, 2023, property and equipment consisted of the following:

Schedule of property and equipment
	June 30, 2024		December 31, 2023		Useful Lives
Equipment	$	647,447	$	432,559	5 to 20 years
Vehicles		6,000		6,000	5 to 15 years
Property and equipment, net	$	653,447	$	438,559	—

No assets were placed in service for continuing operations under either period so there is no depreciation expense.

INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

DEBT

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

DEBT

NOTE 7 – DEBT

Schedule of debt
	June 30, 2024			December 31, 2023
Note payables	$	230,000		$	100,000
Loan payable – related party		153,989			153,989
Convertible notes payable		2,930,650			2,810,250
Convertible notes payable – related party		22,000			22,000
		3,336,639			3,086,239
Debt discount		(157,595	)		(161,011	)
		3,179,044			2,925,228
Less current portion		410,472			154,154
Long term portion	$	2,768,572		$	2,771,074

The following is a schedule of debt maturity and the years in which the debt is scheduled to mature:

Schedule of debt maturity
Year		Amount
	2024		553,650
	2025		2,782,989
		$	3,336,639

Notes payable

At December 31, 2022, the Company had a note payable to a related party for $15,000 with an interest rate of 7%. This loan was paid off in January 2023.

In September 2023, a related party issued a loan to the Company for a total amount of $153,989 ($130,074 after discount). The loan is at 12.5% and is due in September of 2025.

Convertible notes payable

DERIVATIVE FINANCIAL INSTRUMENTS

6 Months Ended

Jun. 30, 2024

Investments, All Other Investments [Abstract]

DERIVATIVE FINANCIAL INSTRUMENTS

NOTE 8 – DERIVATIVE FINANCIAL INSTRUMENTS

Embedded derivatives

Schedule of derivative liabilities
	June 30, 2024
The financings giving rise to derivative financial instruments	Indexed Shares		Fair Values
Embedded derivatives		1,083,099	$	220,059
Total		1,083,099	$	220,059


	December 31, 2023
The financings giving rise to derivative financial instruments	Indexed Shares		Fair Values
Embedded derivatives		878,836	$	217,177
Total		878,836	$	217,177


	For the Three Months Ended
	June 30, 2024			June 30, 2023
Embedded derivatives	$	(42,896	)	$	(22,977	)
Loss on issuance of derivative		(83,894	)		—
Total gain (loss)	$	(126,790	)	$	(22,977	)


	For the Six Months Ended
	June 30, 2024			June 30, 2023
Embedded derivatives	$	(18,380	)	$	42,392
Loss on issuance of derivative		(109,043	)		(86,858	)
Total gain (loss)	$	(127,423	)	$	(37,466	)

Schedule of embedded derivatives
	Inception Date			Inception Date
	September 27, 2023 Note			December 29, 2023 Note
Quoted market price on valuation date	$	0.334		$	0.348
Effective contractual conversion rates	$	0.169		$	0.195
Contractual term to maturity		1 year			1 year
Market volatility:
Volatility		143.96%-730.38	%		161.76%-586.87	%
Risk-adjusted interest rate		8.48	%		8	%


	Inception Date			Inception Date			June 30, 2024
	April 26,2024 Note			June 21, 2024 Note			June 30, 2024
Quoted market price on valuation date	$	0.193		$	0.30		$	0.25
Effective contractual conversion rates	$	0.104		$	0.176		$	0.163
Contractual term to maturity		1 year			1 year			0.67 - 0.84 years
Market volatility:
Volatility		213.68%-298.84	%		239.77%-465.49	%		209.68%-508.01	%
Risk-adjusted interest rate		5.31	%		5.20	%		5.19	%

The following table reflects the issuances of embedded derivatives and changes in fair value inputs and assumptions related to the embedded derivatives as of June 30, 2024 and December 31, 2023.

Schedule of fair value assumptions
	Period Ended June 30, 2024			Year Ended December 31, 2023
Balances at beginning of period	$	217,177		$	—
Issuances:
Embedded derivatives		249,041			355,305
Conversions		(264,539	)		(49,248	)
Changes in fair value inputs and assumptions reflected in income		18,380			(88,880	)
Balances at end of period	$	220,059		$	217,177

RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2024

RELATED PARTY TRANSACTIONS

NOTE 9 – RELATED PARTY TRANSACTIONS

At December 31, 2023, the Company had accounts payable to various related parties for a total of $80,991.

At December 31, 2022, the Company had a note payable of $15,000 to a related party. The note was secured by the F-150 truck and bore interest of 7%. This was paid back in February 2023.

At June 30, 2024, the Company had accounts payable to various related parties for a total of $124,708.

The above transactions and amounts are not necessarily what third parties would have agreed to.

PREFERRED STOCK

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

PREFERRED STOCK

NOTE 10 – PREFERRED STOCK

Series A Convertible Preferred Stock

Series B Convertible Preferred Stock

Series C Non-Convertible Preferred Stock

Special 2020 Series A Preferred

STOCK OPTIONS AND WARRANTS

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

STOCK OPTIONS AND WARRANTS

NOTE 11 – STOCK OPTIONS AND WARRANTS

The following table summarizes the accounting effects of the modification:

Schedule of accounting effects
	June 3, 2023 Replacement Award
Fair value of new award	$	60,472
Fair value of original award on modification date	$	1,377
Incremental cost	$	59,095
Unrecognized grant-date fair value of original award on modification date	$	37,647
Cost to be recognized after modification	$	96,742
Recognition Period		24 months

Significant inputs and results arising from the Black-Scholes process are as follows for the options:


Quoted market price on valuation date	$	0.3480
Exercise price	$	0.3600
Expected life (in years)		1.50 Years

Equivalent volatility		32.88	%
Interest rates		4.50	%

Stock option activity for the six months ended June 30, 2024 is summarized as follows:

Schedule of stock option activity
		Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life
	Options outstanding December 31, 2023		1,000,000		0.3600		1.01
	Issued		—		—		—
	Exercised		—		—		—
	Cancelled		—		—		—
	Options outstanding June 30, 2024		1,000,000		0.3600		0.42
	Options exercisable June 30, 2024		1,000,000	$	0.3600		0.42

Significant inputs and results arising from the Black-Scholes process are as follows for the warrants:

Schedule of assumptions
Quoted market price on valuation date	$	0.3100
Effective contractual strike price	$	0.0013
Market volatility		373	%
Contractual term to maturity		2 years
Risk-adjusted interest rate		4.87	%

Stock warrant activity for the six months ended June 30, 2024 is summarized as follows:

Schedule of stock warrant activity
		Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life
	Warrants exercisable December 31, 2023		3,750,000	$	0.001		1.50
	Issued		—		—		—
	Exercised		—		—		—
	Expired		—		—		—
	Warrants outstanding June 30, 2024		3,750,000		0.001		1.00
	Warrants exercisable June 30, 2024		3,750,000	$	0.001		1.00

DISCONTINUED OPERATIONS

6 Months Ended

Jun. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

NOTE 12 – DISCONTINUED OPERATIONS

Accordingly, the Company has categorized Alvey as discontinued operations in the financial statements for the periods ended June 30, 2024 and December 31, 2023.


	Six Months Ended June 30,
	2024			2023
Total revenue	$	9,208		$	—
Total cost of revenue		(2,725	)		—
Gross profit		6,483			—
Operating expenses		36,589			—
Loss from operations		(30,106	)
Other income (expenses)		—			(29,352	)
Loss before tax expense		(30,106	)		(29,352	)
Tax expense		—			—
Loss from operations of discontinued operations	$	(30,106	)	$	(29,352	)

The assets and liabilities of the discontinued operations at June 30, 2024 and December 31, 2023 are summarized below:


	Periods Ended
	June 30, 2024		December 31, 2023
Property and equipment, net⁽¹⁾	$	3,418,752	$	3,268,448
Texas Railroad Commission bond		62,537		62,537
Assets of discontinued operations, non-current		3,481,289		3,330,985
Total assets	$	3,481,289	$	3,330,985

Accounts payable	$	59,107	$	200,069
Note payable, current maturities		343,500		343,500
Liabilities of discontinued operations, current		402,607		543,569
Estimated asset retirement obligation		97,463		97,463
Liabilities of discontinued operations, non-current		97,463		97,463
Total liabilities	$	500,070	$	641,032

(1) Property and equipment, net

Property and equipment, at cost, for the discontinued operations consisted of the following at June 30, 2024 and December 31, 2023:


	June 30, 2024			December 31, 2023			Useful Lives
Equipment	$	739,481		$	739,481		5 to 20 years
Vehicles		61,000			61,000		5 to 15 years
Well development costs		2,758,114			2,571,221		*
Less accumulated depreciation		(139,843	)		(103,254	)	—
Property and equipment, net	$	3,418,752		$	3,268,448		—

Depreciation expense for the discontinued operations for the three and six months periods ended June 30, 2024 and 2023 was $18,295 and $12,646 and $36,589 and $25,752 respectively.

Oil and Gas Producing Activities

(2) Texas Railroad Commission Bond and Estimated Asset Retirement Obligation

INCOME TAXES

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 13 – INCOME TAXES

Income taxes consist of the following components as of:

Schedule of federal income tax rate
	June 30, 2024			June 30, 2023
Federal income tax benefit attributable to:
Current Operations	$	455,204		$	307,643
Less: Valuation allowance		(455,204	)		(307,643	)
Net provision for Federal income taxes	$	—		$	—

Schedule of deferred tax asset
	June 30, 2024			December 31, 2023
Deferred tax asset attributable to:
Net operating loss carryover	$	1,867,188		$	1,411,984
Less: Valuation allowance		(1,867,188	)		(1,411,984	)
Net deferred tax asset	$	—		$	—

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2024

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 14 – SUBSEQUENT EVENTS

The following are subsequent events that the Company considers may be material:

New money raised from investors from July 1, 2024 to August 30, 2024 – $362,000 in convertible debentures and another $100,000 through stock purchases.

CETI is under contract to purchase a salt water disposal facility in Oklahoma. During escrow, the Company has permission to operate on the field.

Since July 1, 2024, CETI has issued another 17,551,891 shares to convertible debenture holders

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Basis of presentation

Basis of presentation

The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Use of estimates

Use of estimates

Revenue recognition

Revenue recognition

The Company recognizes sales when oil is picked up by the delivery company and control passes to the customer.

Cash equivalents

Cash equivalents

Property and Equipment

Property and Equipment

Discontinued Operations

Discontinued Operations

Note Receivable

Note Receivable

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets

Intangible Assets

Intangible Assets

Stock-based Compensation

Stock-based Compensation

Fair Value of Financial Instruments

Fair Value of Financial Instruments

Level 1:	Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.
Level 2:	Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.
Level 3:	Pricing inputs that are generally unobservable inputs and not corroborated by market data.

The following table classifies the Company’s liability measured at fair value on a recurring basis into the fair value hierarchy as of June 30, 2024:

Schedule of derivative liability
Description		Level 1		Level 2		Level 3		Total
	Derivative	$	—	$	—	$	220,059	$	220,059
	Total	$	—	$	—	$	220,059	$	220,059

The following table classifies the Company’s liability measured at fair value on a recurring basis into the fair value hierarchy as of December 31, 2023:


Description		Level 1		Level 2		Level 3		Total
	Derivative	$	—	$	—	$	217,177	$	217,177
	Total	$	—	$	—	$	217,177	$	217,177

Income taxes

Income taxes

Net income (loss) per common share

Net income (loss) per common share


	Six months ended June,
	2024		2023
Warrants		3,750,000		—
Stock options		1,000,000		200,000
Convertible notes payable		22,944,477		17,138,953
Preferred stock		50,012,000		3
Total		77,706,477		17,338,956

Concentration of credit risks

Concentration of credit risks

Recently issued accounting pronouncements

Recently issued accounting pronouncements

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Schedule of derivative liability

Schedule of derivative liability
Description		Level 1		Level 2		Level 3		Total
	Derivative	$	—	$	—	$	220,059	$	220,059
	Total	$	—	$	—	$	220,059	$	220,059

The following table classifies the Company’s liability measured at fair value on a recurring basis into the fair value hierarchy as of December 31, 2023:


Description		Level 1		Level 2		Level 3		Total
	Derivative	$	—	$	—	$	217,177	$	217,177
	Total	$	—	$	—	$	217,177	$	217,177

Schedule of diluted net income (loss) per share available to common stockholders


	Six months ended June,
	2024		2023
Warrants		3,750,000		—
Stock options		1,000,000		200,000
Convertible notes payable		22,944,477		17,138,953
Preferred stock		50,012,000		3
Total		77,706,477		17,338,956

PROPERTY AND EQUIPMENT (Tables)

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Schedule of property and equipment

Schedule of property and equipment
	June 30, 2024		December 31, 2023		Useful Lives
Equipment	$	647,447	$	432,559	5 to 20 years
Vehicles		6,000		6,000	5 to 15 years
Property and equipment, net	$	653,447	$	438,559	—

DEBT (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of debt

Schedule of debt
	June 30, 2024			December 31, 2023
Note payables	$	230,000		$	100,000
Loan payable – related party		153,989			153,989
Convertible notes payable		2,930,650			2,810,250
Convertible notes payable – related party		22,000			22,000
		3,336,639			3,086,239
Debt discount		(157,595	)		(161,011	)
		3,179,044			2,925,228
Less current portion		410,472			154,154
Long term portion	$	2,768,572		$	2,771,074

Schedule of debt maturity

Schedule of debt maturity
Year		Amount
	2024		553,650
	2025		2,782,989
		$	3,336,639

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2024

Investments, All Other Investments [Abstract]

Schedule of derivative liabilities

Schedule of derivative liabilities
	June 30, 2024
The financings giving rise to derivative financial instruments	Indexed Shares		Fair Values
Embedded derivatives		1,083,099	$	220,059
Total		1,083,099	$	220,059


	December 31, 2023
The financings giving rise to derivative financial instruments	Indexed Shares		Fair Values
Embedded derivatives		878,836	$	217,177
Total		878,836	$	217,177

Schedule of changes in gain loss fair values of the derivative financial instruments


	For the Three Months Ended
	June 30, 2024			June 30, 2023
Embedded derivatives	$	(42,896	)	$	(22,977	)
Loss on issuance of derivative		(83,894	)		—
Total gain (loss)	$	(126,790	)	$	(22,977	)


	For the Six Months Ended
	June 30, 2024			June 30, 2023
Embedded derivatives	$	(18,380	)	$	42,392
Loss on issuance of derivative		(109,043	)		(86,858	)
Total gain (loss)	$	(127,423	)	$	(37,466	)

Schedule of embedded derivatives

Schedule of embedded derivatives
	Inception Date			Inception Date
	September 27, 2023 Note			December 29, 2023 Note
Quoted market price on valuation date	$	0.334		$	0.348
Effective contractual conversion rates	$	0.169		$	0.195
Contractual term to maturity		1 year			1 year
Market volatility:
Volatility		143.96%-730.38	%		161.76%-586.87	%
Risk-adjusted interest rate		8.48	%		8	%


	Inception Date			Inception Date			June 30, 2024
	April 26,2024 Note			June 21, 2024 Note			June 30, 2024
Quoted market price on valuation date	$	0.193		$	0.30		$	0.25
Effective contractual conversion rates	$	0.104		$	0.176		$	0.163
Contractual term to maturity		1 year			1 year			0.67 - 0.84 years
Market volatility:
Volatility		213.68%-298.84	%		239.77%-465.49	%		209.68%-508.01	%
Risk-adjusted interest rate		5.31	%		5.20	%		5.19	%

Schedule of fair value assumptions

Schedule of fair value assumptions
	Period Ended June 30, 2024			Year Ended December 31, 2023
Balances at beginning of period	$	217,177		$	—
Issuances:
Embedded derivatives		249,041			355,305
Conversions		(264,539	)		(49,248	)
Changes in fair value inputs and assumptions reflected in income		18,380			(88,880	)
Balances at end of period	$	220,059		$	217,177

STOCK OPTIONS AND WARRANTS (Tables)

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Schedule of accounting effects

Schedule of accounting effects
	June 3, 2023 Replacement Award
Fair value of new award	$	60,472
Fair value of original award on modification date	$	1,377
Incremental cost	$	59,095
Unrecognized grant-date fair value of original award on modification date	$	37,647
Cost to be recognized after modification	$	96,742
Recognition Period		24 months

Schedule of significant inputs and results in options


Quoted market price on valuation date	$	0.3480
Exercise price	$	0.3600
Expected life (in years)		1.50 Years

Equivalent volatility		32.88	%
Interest rates		4.50	%

Schedule of stock option activity

Schedule of stock option activity
		Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life
	Options outstanding December 31, 2023		1,000,000		0.3600		1.01
	Issued		—		—		—
	Exercised		—		—		—
	Cancelled		—		—		—
	Options outstanding June 30, 2024		1,000,000		0.3600		0.42
	Options exercisable June 30, 2024		1,000,000	$	0.3600		0.42

Schedule of assumptions

Schedule of assumptions
Quoted market price on valuation date	$	0.3100
Effective contractual strike price	$	0.0013
Market volatility		373	%
Contractual term to maturity		2 years
Risk-adjusted interest rate		4.87	%

Schedule of stock warrant activity

Schedule of stock warrant activity
		Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life
	Warrants exercisable December 31, 2023		3,750,000	$	0.001		1.50
	Issued		—		—		—
	Exercised		—		—		—
	Expired		—		—		—
	Warrants outstanding June 30, 2024		3,750,000		0.001		1.00
	Warrants exercisable June 30, 2024		3,750,000	$	0.001		1.00

DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Schedule of discontinued operations consolidated statement of operations


	Six Months Ended June 30,
	2024			2023
Total revenue	$	9,208		$	—
Total cost of revenue		(2,725	)		—
Gross profit		6,483			—
Operating expenses		36,589			—
Loss from operations		(30,106	)
Other income (expenses)		—			(29,352	)
Loss before tax expense		(30,106	)		(29,352	)
Tax expense		—			—
Loss from operations of discontinued operations	$	(30,106	)	$	(29,352	)

Schedule of assets and liabilities of the discontinued operation


	Periods Ended
	June 30, 2024		December 31, 2023
Property and equipment, net⁽¹⁾	$	3,418,752	$	3,268,448
Texas Railroad Commission bond		62,537		62,537
Assets of discontinued operations, non-current		3,481,289		3,330,985
Total assets	$	3,481,289	$	3,330,985

Accounts payable	$	59,107	$	200,069
Note payable, current maturities		343,500		343,500
Liabilities of discontinued operations, current		402,607		543,569
Estimated asset retirement obligation		97,463		97,463
Liabilities of discontinued operations, non-current		97,463		97,463
Total liabilities	$	500,070	$	641,032

Schedule of Property and equipment cost, for discontinued operations


	June 30, 2024			December 31, 2023			Useful Lives
Equipment	$	739,481		$	739,481		5 to 20 years
Vehicles		61,000			61,000		5 to 15 years
Well development costs		2,758,114			2,571,221		*
Less accumulated depreciation		(139,843	)		(103,254	)	—
Property and equipment, net	$	3,418,752		$	3,268,448		—

INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of federal income tax rate

Schedule of federal income tax rate
	June 30, 2024			June 30, 2023
Federal income tax benefit attributable to:
Current Operations	$	455,204		$	307,643
Less: Valuation allowance		(455,204	)		(307,643	)
Net provision for Federal income taxes	$	—		$	—

Schedule of deferred tax asset

Schedule of deferred tax asset
	June 30, 2024			December 31, 2023
Deferred tax asset attributable to:
Net operating loss carryover	$	1,867,188		$	1,411,984
Less: Valuation allowance		(1,867,188	)		(1,411,984	)
Net deferred tax asset	$	—		$	—

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative)	Sep. 03, 2020 USD ($)
Global Environmental Technologies [Member] \| Securities Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares sold, value	$ 66,400

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Platform Operator, Crypto Asset [Line Items]
Derivative	$ 220,059	$ 217,177
Total	220,059	217,177
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto Asset [Line Items]
Derivative	0	0
Total	0	0
Fair Value, Inputs, Level 2 [Member]
Platform Operator, Crypto Asset [Line Items]
Derivative	0	0
Total	0	0
Fair Value, Inputs, Level 3 [Member]
Platform Operator, Crypto Asset [Line Items]
Derivative	220,059	217,177
Total	$ 220,059	$ 217,177

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Total	$ 77,706,477	$ 17,338,956
Warrant [Member]
Total	3,750,000	0
Stock Options [Member]
Total	1,000,000	200,000
Convertible Note Payable [Member]
Total	22,944,477	17,138,953
Preferred Stock [Member]
Total	$ 50,012,000	$ 3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Accounting Policies [Abstract]
Cash equivalents	$ 0		$ 0		$ 0
Bridge Loan	$ 190,000		$ 190,000
Short-Term Debt, Percentage Bearing Fixed Interest Rate	6.00%		6.00%
Stock based compensation expense	$ 279,577	$ 625,254	$ 559,153	$ 876,063
Prepaid stock compensation	$ 14,368		$ 14,368		$ 496,022

COMMITMENTS AND CONTINGENCIES (Details Narrative)	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Details Narrative)	Dec. 31, 2021 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Working Interest percentage	18.75%
Danny Hyde [Member]
Defined Benefit Plan Disclosure [Line Items]
Payments to acquire oil and gas equipment	$ 450,000

PROPERTY AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, net	$ 653,447	$ 438,559
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 647,447	432,559
Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful Lives	5 years
Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful Lives	20 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 6,000	$ 6,000
Vehicles [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful Lives	5 years
Vehicles [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful Lives	15 years

INTANGIBLE ASSETS (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
INTANGIBLE ASSETS (Details Narrative) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2024	Oct. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Fair value		$ 370,000	$ 758,501
Less amortization			50,567
Amortization net		362,292	707,934
Common issued shares				1,000,000
Common stock per share value				$ 0.37
Less amortization		7,708
Intangible assets net	$ 1,013,801	$ 1,070,226	1,013,801
Amortization of intangible assets	28,213		56,425
Intangible assets net balance	$ 1,042,013		$ 1,013,801

DEBT (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Debt	$ 3,336,639	$ 3,086,239
Debt discount	(157,595)	(161,011)
Short term debt	3,179,044	2,925,228
Less current portion	410,472	154,154
Long term portion	2,768,572	2,771,074
Note Payable [Member]
Debt Instrument [Line Items]
Debt	230,000	100,000
Note Payable Related Party [Member]
Debt Instrument [Line Items]
Debt	153,989	153,989
Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Debt	2,930,650	2,810,250
Convertible Notes Payable Related Party [Member]
Debt Instrument [Line Items]
Debt	$ 22,000	$ 22,000

DEBT (Details 1)	Jun. 30, 2024 USD ($)
Debt Disclosure [Abstract]
2024	$ 553,650
2025	2,782,989
Total	$ 3,336,639

DEBT (Details Narrative) - USD ($)	1 Months Ended					6 Months Ended	12 Months Ended
DEBT (Details Narrative) - USD ($)	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	May 31, 2023	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2020	Mar. 21, 2024	Mar. 20, 2024	Jan. 31, 2023	Dec. 31, 2021
Debt Instrument [Line Items]
Notes payable	$ 173,650					$ 173,650	$ 79,250
Bear interest rate	8.00%					8.00%
Acquisition price after discount						$ 50,567
Loans payable	$ 40,000			$ 100,000		40,000
Interest paid	25	$ 6,500	$ 22,718	50
Borrowed outstanding		90,000					100,000
Accrues interest payable	125	$ 125		250		$ 125
Interest paid in stock	$ 100			$ 200
Stock share paid per value	$ 0.15			$ 0.15		$ 0.15
Additional interest paid in cash				$ 7,500
Accrues interest payable	$ 3,000					$ 3,000
Interest paid	6,850					6,850
Related party issued loan amount, gross			153,989
Related party issued loan amount, net			$ 130,074
Loan percentage per year			1250.00%
Convertible notes payable	22,000					22,000	22,000
Convertible term notes payable	2,607,000					2,607,000	2,641,000
Convertible notes payable	$ 1,081,574					$ 1,081,574	$ 1,178,787
Conversion of stock shares issued						5,375,497	10,830,890
Class of warrant or right unissued	22,944,477					22,944,477	8,110,690
Convertible notes payable remain outstanding							$ 2,810,250
Share price	$ 0.3600					$ 0.3600
Convertible notes payable remain outstanding	$ 2,930,650					$ 2,930,650
Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Notes payable	$ 150,000		$ 90,000			$ 150,000				$ 60,000		$ 69,250
Bear interest rate	10.00%					10.00%	8.00%	8.00%
Convertible note payable with a related party									$ 25,000
Convertible per share									$ 0.001
Number of value sale							$ 3,000
Converted shares loan							3,000,000
Convertible notes payable	$ 1,307,000					$ 1,307,000	$ 3,971,500	$ 1,461,000
Notes payable issued								$ 386,000					$ 1,075,000
Convertible term notes payable	$ 75,000					$ 75,000	$ 75,000
Debt instrument second notes payable maturity date						Apr. 26, 2025	Sep. 25, 2024
Debt instrument third notes payable maturity date						Jun. 21, 2025	Dec. 29, 2024
Discount rate	35.00%					35.00%					35.00%
Share price	$ 0.35					$ 0.35
Issuance of common shares	150,000					150,000
Convertible Notes Payable [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Shares and convertible common stock range								$ 0.10
Convertible Notes Payable [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Shares and convertible common stock range								$ 0.25
Convertible Notes Payable 1 [Member]
Debt Instrument [Line Items]
Notes payable	$ 173,650					$ 173,650
Notes Payable [Member]
Debt Instrument [Line Items]
Notes payable								$ 100,000
Interest expense								10,000
Repayment of notes payable								50,000
Cash converted								60,000
Note payable related party								$ 15,000
Bear interest rate								7.00%
Notes Payable [Member] \| KAM Biotechnology [Member]
Debt Instrument [Line Items]
Total acquisition price					$ 800,000
Acquisition price after discount					$ 758,501

DERIVATIVE FINANCIAL INSTRUMENTS (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Indexed Shares [Member]
Offsetting Assets [Line Items]
Embedded derivatives	$ 1,083,099	$ 878,836
Total	1,083,099	878,836
Fair Values [Member]
Offsetting Assets [Line Items]
Embedded derivatives	220,059	217,177
Total	$ 220,059	$ 217,177

DERIVATIVE FINANCIAL INSTRUMENTS (Details 1) - USD ($)	3 Months Ended		6 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS (Details 1) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Investments, All Other Investments [Abstract]
Embedded derivatives	$ (42,896)	$ (22,977)	$ (18,380)	$ 42,392
Loss on issuance of derivative	(83,894)	0	(109,043)	(86,858)
Total gain (loss)	$ (126,790)	$ (22,977)	$ (127,423)	$ (37,466)

DERIVATIVE FINANCIAL INSTRUMENTS (Details 2) - $ / shares					6 Months Ended
	Jun. 21, 2024	Apr. 26, 2024	Dec. 29, 2023	Sep. 27, 2023	Jun. 30, 2024
Quoted market price on valuation date	$ 0.30	$ 0.193	$ 0.348	$ 0.334	$ 0.25
Effective contractual conversion rates	$ 0.176	$ 0.104	$ 0.195	$ 0.169	$ 0.163
Contractual term to maturity	1 year	1 year	1 year	1 year
Market volatility minimum	239.77%	213.68%	161.76%	143.96%	209.68%
Market volatility maximum	465.49%	298.84%	586.87%	730.38%	508.01%
Risk-adjusted interest rate	5.20%	5.31%	8.00%	8.48%	5.19%
Minimum [Member]
Contractual term to maturity					8 months 1 day
Maximum [Member]
Contractual term to maturity					10 months 2 days

DERIVATIVE FINANCIAL INSTRUMENTS (Details 3) - USD ($)	6 Months Ended	12 Months Ended
DERIVATIVE FINANCIAL INSTRUMENTS (Details 3) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Investments, All Other Investments [Abstract]
Balances at beginning of period	$ 217,177	$ 0
Issuances:
Embedded derivatives	249,041	355,305
Conversions	(264,539)	(49,248)
Changes in fair value inputs and assumptions reflected in income	18,380	(88,880)
Balances at end of period	$ 220,059	$ 217,177

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)		6 Months Ended	12 Months Ended
	Sep. 30, 2023	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Related Party Transactions [Abstract]
Convertible note payable		$ 22,000	$ 22,000
Common stock par value		$ 0.001	$ 0.001
Accounts payable to related parties		$ 124,708	$ 80,991
Note payable				$ 15,000
Interest rate		7.00%
Related party loaned	$ 153,989
Percentage of interest on loan	12.50%
Consulting services		$ 106,250	588,308
Consulting fees		$ 15,000	$ 120,836

PREFERRED STOCK (Details Narrative) - USD ($)	6 Months Ended
PREFERRED STOCK (Details Narrative) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Oct. 31, 2023
Series A Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock designated	200,000
Share issued	200,000
Preferred stock voting rights	Voting Rights had been established whereby one (1) share of Series A Convertible Preferred Stock has ten (10) equivalent votes of stockholders of the Company's common stock for an aggregate of 10 votes.
Number of shares cancelled			50,000,000
Common stock, shares issued	16,667
Preferred stock, shares issued	16,671	16,671
Preferred stock, shares outstanding	16,671	16,671
Preferred stock, par value	$ 0.001	$ 0.001
Series B Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock designated	85,000
Share issued	67,448
Preferred stock voting rights	Holders of Series B Convertible Preferred Stock had no voting Rights. Each share of Series B Preferred Stock previously was convertible into one (1) share of the Company's Common Stock.
Preferred stock, shares issued	1	1
Preferred stock, shares outstanding	1	1
Preferred stock, par value	$ 0.001	$ 0.001
Series C Non Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock designated	50,000
Share issued	50,000
Preferred stock voting rights	Holders of Series C Non-Convertible Preferred Stock have 1,600 shares of voting Rights per share. Series C Non-Convertible Preferred Stock is not convertible into any of the Company's Common Stock or other Series of Preferred Stock.
Preferred stock, shares issued	0.5	0.5
Preferred stock, shares outstanding	0.5	0.5
Preferred stock, par value	$ 0.001	$ 0.001
Special Series A Preferred Stock 2020 [Member]
Class of Stock [Line Items]
Preferred stock, shares issued	1	1
Preferred stock, shares outstanding	0	0
Preferred stock, par value	$ 0.0001
Number of shares converted	150,000,000
Number of shares purchase, value	$ 66,400

STOCK OPTIONS AND WARRANTS (Details)	Jun. 03, 2023 USD ($)
Equity [Abstract]
Fair value of new award	$ 60,472
Fair value of original award on modification date	1,377
Incremental cost	59,095
Unrecognized grant-date fair value of original award on modification date	37,647
Cost to be recognized after modification	$ 96,742
Recognition Period	24 months

STOCK OPTIONS AND WARRANTS (Details 1)	6 Months Ended
STOCK OPTIONS AND WARRANTS (Details 1)	Jun. 30, 2024 $ / shares
Equity [Abstract]
Quoted market price on valuation date	$ 0.3480
Exercise price	$ 0.3600
Expected life (in years)	1 year 6 months
Equivalent volatility	32.88%
Range of interest rates	4.50%

STOCK OPTIONS AND WARRANTS (Details 2) - Equity Option [Member] - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Offsetting Assets [Line Items]
Number of shares outstanding, Beginning balance	1,000,000
Weighted average exercise price outstanding, Beginning balance	$ 0.3600
Weighted average remaining contractual life, outstanding	5 months 1 day	1 year 3 days
Number of shares, Issued	0
Weighted average exercise price, issued	$ 0
Number of shares, exercised	0
Weighted average exercise price, exercised	$ 0
Number of shares, cancelled	0
Weighted average exercise price, cancelled	$ 0
Number of shares outstanding, Ending balance	1,000,000	1,000,000
Weighted average exercise price outstanding, Ending balance	$ 0.3600	$ 0.3600
Number of shares, exercisable	1,000,000
Weighted average exercise price, exercisable	$ 0.3600
Weighted average remaining contractual life, exercisable	5 months 1 day

STOCK OPTIONS AND WARRANTS (Details 3)	6 Months Ended
STOCK OPTIONS AND WARRANTS (Details 3)	Jun. 30, 2024 $ / shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Quoted market price on valuation date	$ 0.3480
Contractual term to maturity	1 year 6 months
Warrants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Quoted market price on valuation date	$ 0.3100
Effective contractual strike price	$ 0.0013
Market volatility	373.00%
Contractual term to maturity	2 years
Risk-adjusted interest rate	4.87%

STOCK OPTIONS AND WARRANTS (Details 4) - Stock Warrant [Member] - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Offsetting Assets [Line Items]
Number of shares outstanding, Beginning balance	3,750,000
Weighted average exercise price outstanding, Beginning balance	$ 0.001
Weighted average remaining contractual life, outstanding	1 year	1 year 6 months
Number of shares, issued	0
Weighted average exercise price, issued	$ 0
Number of shares, exercised	0
Weighted average exercise price, exercised	$ 0
Number of shares, expired	0
Weighted average exercise price, expired	$ 0
Number of shares outstanding, Ending balance	3,750,000	3,750,000
Weighted average exercise price outstanding, Ending balance	$ 0.001	$ 0.001
Number of shares, exercisable	3,750,000
Weighted average exercise price, exercisable	$ 0.001
Weighted average remaining contractual life, exercisable	1 year

STOCK OPTIONS AND WARRANTS (Details Narrative) - USD ($)		6 Months Ended	12 Months Ended
	Mar. 07, 2022	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022	Sep. 15, 2023	Jul. 02, 2023	Mar. 02, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Compensation expense				$ 18,318
Stock option exercisable				100,000
Stock options description		the Company canceled the consultant’s 200,000 Options, of which 150,000 vested as of the cancellation date. On the same date, the Company agreed to issue 1,000,000 replacement options with a vesting date of June 3, 2023.
Shares issued							2,000,000
Common stock price per share							$ 0.42
Warrants receivable						3,250,000
Warrants per share						$ 0.001
Warrants issued shares					500,000
Consulting expenses			$ 602,179
Equity Option [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Total unrecognized compensation cost				$ 37,648
Stock options outstanding				200,000
Stock option exercisable				50,000
Weighted average remaining term				1 year 3 months 21 days
Consulting Agreement [Member] \| Equity Option [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock option issued	200,000
Stock option exercise price	$ 0.58
Stock option grant date fair value	$ 55,966

DISCONTINUED OPERATIONS (Details) - USD ($)	6 Months Ended
DISCONTINUED OPERATIONS (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Total revenue	$ 9,208	$ 0
Total cost of revenue	(2,725)	0
Gross profit	6,483	0
Operating expenses	36,589	0
Loss from operations	(30,106)
Other income (expenses)	0	(29,352)
Loss before tax expense	(30,106)	(29,352)
Tax expense	0	0
Loss from operations of discontinued operations	$ (30,106)	$ (29,352)

DISCONTINUED OPERATIONS (Details 1) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Property and equipment, net(1)	$ 3,418,752	$ 3,268,448
Texas Railroad Commission bond	62,537	62,537
Assets of discontinued operations, non-current	3,481,289	3,330,985
Total assets	3,481,289	3,330,985
Accounts payable	59,107	200,069
Note payable, current maturities	343,500	343,500
Liabilities of discontinued operations, current	402,607	543,569
Estimated asset retirement obligation	97,463	97,463
Liabilities of discontinued operations, non-current	97,463	97,463
Total liabilities	$ 500,070	$ 641,032

DISCONTINUED OPERATIONS (Details 2) - USD ($)	6 Months Ended	12 Months Ended
DISCONTINUED OPERATIONS (Details 2) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment net	$ 3,418,752	$ 3,268,448
Less accumulated depreciation	(139,843)	(103,254)
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment net	$ 739,481	739,481
Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment useful lives	5 years
Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment useful lives	20 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment net	$ 61,000	61,000
Vehicles [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment useful lives	5 years
Vehicles [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment useful lives	15 years
Well Development Costs [Member]
Property, Plant and Equipment [Line Items]
Property and equipment net	$ 2,758,114	$ 2,571,221

DISCONTINUED OPERATIONS (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
DISCONTINUED OPERATIONS (Details Narrative) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Depreciation expense for the discontinued operations	$ 18,295	$ 12,646	$ 36,589	$ 25,752
Production capitalized costs	2,758,114		2,758,114		$ 2,571,221
Impairment unproved properties			0	0
Gain loss on sales of unproved properties			0	0
Capitalized developmental costs	0		0		$ 0
Depreciation and amortization expense on oil and gas properties			0	0
Impairment proved properties			0	$ 0
Texas railroad commission bond	62,337		62,337
Estimates capital	5,000		5,000
Additional contingent liability	$ 92,463		$ 92,463

INCOME TAXES (Details) - USD ($)	6 Months Ended
INCOME TAXES (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Federal income tax benefit attributable to:
Current Operations	$ 455,204	$ 307,643
Less: Valuation allowance	(455,204)	(307,643)
Net provision for Federal income taxes	$ 0	$ 0

INCOME TAXES (Details 1) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Deferred tax asset attributable to:
Net operating loss carryover	$ 1,867,188	$ 1,411,984
Less: Valuation allowance	(1,867,188)	(1,411,984)
Net deferred tax asset	$ 0	$ 0

INCOME TAXES (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
INCOME TAXES (Details Narrative) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
U.S. federal income tax rate	21.00%
Operating loss carry forwards	$ 1,865,088
Income tax benefit	$ 0	$ 0

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] - USD ($)	2 Months Ended
	Aug. 30, 2024	Jul. 02, 2024
Subsequent Event [Line Items]
Net proceeds from investors	$ 362,000
Stock purchases value	$ 100,000
Issued shares to convertible debenture holders		17,551,891

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