MDWK MDWerks Inc (QB)

 

 

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 September 30, 2024

 

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

 

For the transition period from __________ to __________

 

MDwerks, Inc.

(Exact name of registrant as specified in its charter)

 

Commission File Number: 000-56299

 

Delaware		33-1095411
(State or other jurisdiction or incorporation or organization)		(I.R.S. Employer Identification No.)

 

411 Walnut Street, Suite 20125

Green Cove, FL 32043

(Address of Principal Executive Offices) (Zip Code)

 

(252) 501-0019

(Registrant’s telephone number, including area code)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
N/A		N/A		N/A

 

Indicate by check mark whether the registrant (1) has 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 every Interactive Data File required to be submitted pursuant to Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

 

Indicate by check mark 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 standards 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 Exchange Act). Yes ☐ No ☒

 

As of November 11, 2024, the Company has 203,744,872 shares of common stock issued and outstanding.

 

 

 

Table of Contents

 

PART I—FINANCIAL INFORMATION
Item 1.	Financial Statements
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	4
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	7
Item 4.	Controls and Procedures	7
PART II—OTHER INFORMATION		8
Item 1.	Legal Proceedings	8
Item 1A.	Risk Factors	8
Item 2.	Unregistered Sales of Securities and Use of Proceeds	8
Item 3.	Defaults Upon Senior Securities	8
Item 4.	Mine Safety Disclosure	8
Item 5.	Other Information	8
Item 6.	Exhibits	8
SIGNATURES		9
EXHIBIT 31.1
EXHIBIT 31.2
EXHIBIT 32.1

 

 

Forward-Looking Statements

 

Various statements contained in this report constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are based on current expectations and are indicated by words or phrases such as “believe,” “expect,” “may,” “will,” “should,” “seek,” “plan,” “intend” or “anticipate” or the negative thereof or comparable terminology, or by discussion of strategy. Forward-looking statements represent as of the date of this report our judgment relating to, among other things, future results of operations, growth plans, sales, capital requirements and general industry and business conditions applicable to us. Such forward-looking statements are based largely on our current expectations and are inherently subject to risks and uncertainties. Our actual results could differ materially from those that are anticipated or projected as a result of certain risks and uncertainties, including, but not limited to, a number of factors, such as: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles and the other risks and uncertainties that are set forth in Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

 

These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of our forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on future results. Except as otherwise required to be disclosed in periodic reports required to be filed by public companies with the Securities and Exchange Commission (“SEC”) pursuant to the SEC’s rules, we have no duty to update these statements, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks and uncertainties, we cannot assure you that the forward-looking information contained in this report will in fact transpire.

 

As used in this Quarterly Report on Form 10-Q, unless the context requires or is otherwise indicated, the terms “we,” “us,” “our,” the “Company,” “our company” and similar expressions means MDwerks, Inc.

 

 

Index to Financial Statements

 

As of September 30, 2024 and December 31, 2023

and for the Three and Nine Months Ended September 30, 2024 and 2023

 

Consolidated Balance Sheets (Unaudited)	F-2
Consolidated Statements of Operations (Unaudited)	F-3
Consolidated Statement of Changes in Stockholders’ Equity (Deficit) (Unaudited)	F-4
Consolidated Statements of Cash Flows (Unaudited)	F-5
Notes to Consolidated Financial Statements (Unaudited)	F-6

 

 

MDwerks, Inc.

Consolidated Balance Sheets

(Unaudited)

 

		September 30, 2024				December 31, 2023
Assets
Current Assets
Cash		$	62,478			$	115,111
Note receivable			103,233				97,533
Accounts receivable, net			209,200				106,734
Inventory			188,630				201,207
Prepaid expenses and other current assets			16,146				28,632
Total Current Assets			579,687				549,217
Fixed assets, net of accumulated depreciation of $168,733 and $10,787, respectively			648,519				496,890
Intangible assets, net of accumulated amortization of $46,643 and $4,339, respectively			572,857				615,161
Right-of-use asset			1,011,233				1,105,152
Other assets			16,010				-
Goodwill			466,648				466,648
Total Assets		$	3,294,954			$	3,233,068
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable and accrued expenses		$	760,558			$	668,748
Notes payable, current portion			264,967				96,404
Deferred revenue			-				52,779
Right-of-use liability, current portion			316,519				249,175
Total Current Liabilities			1,342,044				1,067,106
Notes payable, net of current portion			260,994				92,830
Right-of use liability, net of current portion			786,179				912,915
Total Liabilities			2,389,217				2,072,851
Stockholders’ Equity
Preferred stock, par value $0.001; 10,000,000 shares authorized, of which 8,957,500 were issued and outstanding			8,958				8,958
Common stock, par value $0.001; 300,000,000 shares authorized, of which 202,044,872 and 198,724,868 shares were issued and outstanding at September 30, 2024 and December 31, 2023, respectively			202,045				198,725
Additional paid in capital			2,178,602				1,691,922
Subscription payable			165,000
Accumulated deficit			(1,648,868	)			(739,388	)
Total Stockholders’ Equity			905,737				1,160,217
Total Liabilities and Stockholders’ Equity		$	3,294,954			$	3,233,068

 

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

 

 

MDwerks, Inc.

Consolidated Statements of Operations

(Unaudited)

 

		Three Months Ended				Three Months Ended				Nine Months Ended				Nine Months Ended
		September 30, 2024				September 30, 2023				September 30, 2024				September 30, 2023
Revenue		$	1,058,707			$	-			$	2,015,261			$	-
Cost of revenue			325,839				-				1,059,088				-
Gross (loss) profit			732,868				-				956,173				-
Operating Expenses
General and administrative expense			494,821				128,496				1,539,442				234,023
Salaries and wages			16,148				-				48,443				-
Depreciation and amortization			58,969				636				212,063				636
Total Operating Expenses			569,938				129,132				1,799,948				234,659
Net Income (Loss) from Operations			162,930				(129,132	)			(843,775	)			(234,659	)
Other Income (Expense)
Other income			1,900				-				5,700				-
Gain (loss) on disposal of assets			-				168,855				(54,000	)			168,855
Interest expense			(7,806	)			(4,232	)			(17,405	)			(9,908	)
Total Other Income (Expense)			(5,906	)			164,623				(65,705	)			158,947	)
Net Income (loss)		$	157,024			$	35,491			$	(909,480	)		$	(75,712	)
Net loss per share
Basic		$	0.00			$	0.00			$	(0.00	)		$	(0.00	)
Diluted		$	0.00			$	0.00			$	(0.00	)		$	(0.00	)
Weighted Average Number of Shares
Basic			201,065,672				125,643,163				200,470,538				124,077,691
Diluted			201,065,672				125,643,163				200,470,538				124,077,691

 

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

 

 

MDwerks, Inc.

Consolidated Statements Of Stockholders’ Equity (Deficit)

For The Three and Nine Months Ended September 30, 2024 and 2023

(Unaudited)

 

		Shares				Amount				Shares				Amount				Capital				Payable				Deficit				(Deficit)
																		Additional												Total Stockholders’
		Preferred Shares								Common Shares								Paid In				Subscriptions				Accumulated				Equity
		Shares				Amount				Shares				Amount				Capital				Payable				Deficit				(Deficit)
Balance, December 31, 2023			8,957,500			$	8,958				198,724,868			$	198,725			$	1,691,922			$	-			$	(739,388	)		$	1,160,217
Common shares sold for cash			-				-				2,100,000				2,100				312,900				75,000				-				390,000
Common shares to be issued for royalty agreement			-				-				-				-				-				15,000				-				15,000
Net Loss			-				-				-				-				-				-				(302,389	)			(302,389	)
Balance, March 31, 2024			8,957,500				8,958				200,824,868				200,825				2,004,822				90,000				(1,041,777	)			1,262,828
Net Loss			-				-				-				-				-				-				(764,115	)			(764,115	)
Balance, June 30, 2024			8,957,500				8,958				200,824,868				200,825				2,004,822				90,000				(1,805,892	)			498,713
Common shares sold for cash			-				-				1,220,004				1,220				173,780				75,000				-				250,000
Net Income			-				-				-				-				-				-				157,024				157,024
Balance, September 30, 2024			8,957,500			$	8,958				202,044,872			$	202,045			$	2,178,602			$	165,000			$	(1,648,868	)		$	905,737
Balance, December 31, 2022			8,957,500			$	8,958				122,260,208			$	122,260			$	201,531			$	-			$	(447,716	)			(114,967	)
Common shares sold for cash			-				-				1,141,298				1,141				84,457				-				-				85,598
Net Loss			-				-				-				-				-				-				(41,451	)			(41,451	)
Balance, March 31, 2023			8,957,500				8,958				123,401,506				123,401				285,988				-				(489,167	)			(70,820	)
Common shares sold for cash			-				-				1,333,333				1,334				98,666				-				-				100,000
Imputed interest			-				-				-				-				2,838				-				-				2,838
Net Loss			-				-				-				-				-				-				(69,752	)			(69,752	)
Balance, June 30, 2023			8,957,500				8,958				124,734,839				124,735				387,492				-				(558,919	)			(37,734	)
Balance			8,957,500				8,958				124,734,839				124,735				387,492				-				(558,919	)			(37,734	)
Common shares sold for cash			-				-				2,756,679				2,757				203,994				-				-				206,751
Imputed interest			-				-				-				-				2,116				-				-				2,116
Net Income			-				-				-				-				-				-				35,491				35,491
Net Income (loss)			-				-				-				-				-				-				35,491				35,491
Balance, September 30, 2023			8,957,500			$	8,958				127,491,518			$	127,492			$	593,602			$	-			$	(523,428	)		$	206,624
Balance			8,957,500			$	8,958				127,491,518			$	127,492			$	593,602			$	-			$	(523,428	)		$	206,624

 

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

 

 

MDwerks, Inc.

Consolidated Statements of Cash Flows

(Unaudited)

 

		September 30, 2024				September 30, 2023
		Nine Months Ended
		September 30, 2024				September 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss		$	(909,480	)		$	(75,712	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization			212,063				636
Loss on disposal of assets			54,000				(168,855	)
Stock-based compensation			15,000				-
Bad debt expense			976				-
Imputed interest			-				4,954
Interest income			(5,700	)			-
Changes in operating assets and liabilities:
Accounts receivable			(103,442	)			-
Prepaid expense			(16,146	)			-
Inventory			12,577				-
Right-of-use asset			93,919				-
Accounts payable			95,711				(30,676	)
Deferred revenue			(52,779	)			-
Accrued expenses			-				2,838
Right-of-use liability			(59,392	)			-
NET CASH USED IN OPERATING ACTIVITIES			(662,693	)			(266,815	)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment			(6,990	)			(88,000	)
Purchase of intangible assets			-				(19,500
Proceeds from sale of equipment			-				100,000
Payments on loans receivable			-				(75,000	)
NET CASH USED IN INVESTING ACTIVITIES			(6,990	)			(82,500	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related party notes payable			120,500				-
Repayment of notes payable			(143,450	)			-
Proceeds from advances payable			-				118,748
Repayment of advances payable			-				(19,449	)
Proceeds from subscription agreements			640,000				392,349
NET CASH PROVIDED BY FINANCING ACTIVITIES			617,050				491,648
NET CHANGE IN CASH			(52,633	)			142,333
CASH - BEGINNING OF YEAR			115,111				23,715
CASH - END OF PERIOD		$	62,478			$	166,048
Supplemental disclosures of cash flow information:
Cash paid for interest		$	-			$	-
Cash paid for taxes		$	-			$	-
Noncash investing and financing activities:
Property and equipment acquired with notes payable		$	444,891			$	-
Note receivable issued for asset sale		$	-			$	95,000

 

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

 

 

MDwerks, Inc.

Notes to Unaudited Consolidated Financial Statements

For the Three and Nine Months Ended September 30, 2024 and 2023

 

NOTE 1 - ORGANIZATION AND DESCRIPTION OF THE BUSINESS

 

MDwerks, Inc. (the “Company”), a Delaware corporation, was focused on effecting a “reverse merger,” capital exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more unrelated businesses (the “Business Combination”) that would benefit from the Company’s public reporting status.

 

On February 13, 2023, the Company entered into a Merger Agreement (the “Merger Agreement”), by and between the Company, MD-TT Merger Sub, Inc., a wholly owned subsidiary of the Company (“Merger Sub”), and Two Trees Beverage Co. (“Two Trees Beverage”).

 

Two Trees Beverage produces a variety of aged alcoholic beverages using an innovative rapid-aging system. This scalable technology results in all-natural, high-quality products, efficiently produced, with a reduced environmental impact. Our products are nearly indistinguishable from those that are traditionally aged. Two Trees Beverage created a proprietary process that mirrors and accelerates the natural aging process that occurs when alcohol is aged in wooden barrels over time. The true art of our craft spirits lives within the balance between the grain selection, local water, and the full-bodied flavors from our toasted wood chip varieties. Our wood chips are selected to pair with specific grains and toasted to just the right char, bringing rich flavor profiles to life with a hint of smoke.

 

In consideration of the Merger Agreement, at the effective time of the Merger, each of the holders of Two Trees Beverage stock, subject to certain exceptions set forth in the Merger Agreement, had the right to convert all of the shares of Two Trees Beverage stock into a total of 60,000,000 shares of Company common stock, which was to be apportioned between the Two Trees Beverage stockholders, pro rata, based on the number of shares of Two Trees Beverage stock held by each of the Two Trees Beverage stockholders as of the closing of the Merger (the “Merger Consideration”). Immediately following the closing of the Merger on December 8, 2023, Two Trees Beverage became a wholly owned subsidiary of the Company.

 

RF Specialties, LLC (“RFS”) is an innovative company pushing the boundaries of sustainable Radio Frequency applications. For over 12 years, RF Specialties has addressed companies’ most pressing challenges by implementing automated Radio Frequency Technology in a sustainable way reducing energy costs and increasing speed to market when compared to traditional methods. By bringing Radio Frequency applications to market RFS has successfully elevated a wide range of industries including structural engineering, food & beverage, and manufacturing. As discussed below, on January 25, 2023, the Company entered into an Exchange Agreement (the “Exchange Agreement”), dated as of January 19, 2023, by and between the Company, RFS and Keith A. Mort as the sole member of RFS. Pursuant to the terms of the Exchange Agreement, the Company agreed to acquire from Mr. Mort, and Mr. Mort agreed to sell to the Company, 100% of the equity interests and membership interests of RFS, in exchange for the issuance by the Company to Mr. Mort of 7,500,000 shares of the Company’s common stock (the “Exchange”). Immediately following the closing of the Exchange on December 27, 2023, RFS became a wholly owned subsidiary of the Company.

 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation - The accompanying interim unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and should be read in conjunction with the financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2023, which was filed with the Securities and Exchange Commission (“SEC”) on June 28, 2024. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been omitted from this Quarterly Report on Form 10-Q pursuant to the rules and regulations of the SEC.

 

F-6

 

 

Results for the interim periods in this report are not necessarily indicative of future financial results and have not been audited by our independent registered public accounting firm. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments necessary to present fairly our interim financial statements as of September 30, 2024, and for the three and nine months ended September 30, 2024 and 2023. These adjustments are of a normal recurring nature and consistent with the adjustments recorded to prepare the annual audited consolidated financial statements as of December 31, 2023.

 

The accompanying interim unaudited consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Two Trees Beverage, Prost Beverage Co, Radio Aged Beer LLC, RF Kettle Company LLC, Two Trees Distilling, RAS LLC (collectively referred to as “Two Trees”) and RFS. All intercompany accounts, transactions and balances have been eliminated in consolidation.

 

Use of Estimates and Assumptions - The preparation of financial statements in accordance with U.S. GAAP requires the Company’s 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 consolidated financial statements and the reported amounts of expenses during the reporting period. Actual results can, and in many cases will, differ from those estimates.

 

Accounts Receivable and the Allowances for Credit Losses - Accounts receivable are recorded in the period when the right to receive payment or other consideration becomes unconditional. Accounts receivable are recorded at the invoiced amount and do not earn interest. The Company maintains an allowance for credit losses based upon the best estimate of probable credit losses in existing accounts receivable. The Company determines the allowance based upon individual accounts when information indicates the customers may have an inability to meet their financial obligations, as well as historical collection and write-off experience. The Company had an accounts receivable balance of $209,200, net of $89,202 allowance for doubtful accounts, as of September 30, 2024. The Company had an accounts receivable balance of $106,734, net of $51,967 allowance for doubtful accounts, as of December 31, 2023. As of September 30, 2024, the Company had two customers that accounted for 18% and 11%, respectively, of total accounts receivable. As of December 31, 2023, the Company had three customers that accounted for 25%, 17%, and 10%, respectively, of total accounts receivable.

 

Fair value of financial instruments - The Company measures its financial and non-financial assets and liabilities, as well as makes related disclosures, in accordance with the Financial Accounting Standards Board’s (the “FASB”) Accounting Standards Codification (“ASC”) No. 820, Fair Value Measurement (“ASC 820”), which provides guidance with respect to valuation techniques to be utilized in the determination of fair value of assets and liabilities. Approaches include, (i) the market approach (comparable market prices), (ii) the income approach (present value of future income or cash flow), and (iii) the cost approach (cost to replace the service capacity of an asset or replacement cost). ASC 820 utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels:

 

Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.

 

Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.

 

Level 3: Unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one more significant inputs or significant value drivers are unobservable.

 

The carrying values of the Company’s accounts payable and accrued liabilities, advances payable, and convertible notes payable, approximate their fair value due to their short-term nature.

 

Going Concern - These interim unaudited consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future. As reflected in the accompanying unaudited financial statements, the Company had a net loss of $909,480 and negative cash flows from operations of $662,693 for the nine months ended September 30, 2024 and an accumulated deficit of $1,648,868 as of September 30, 2024. Although management believes that it will be able to successfully execute a business combination, which includes third party financing and the raising of capital to meet the Company’s future liquidity needs, there can be no assurances in this regard. These matters raise substantial doubt about the Company’s ability to continue as a going concern.

 

F-7

 

 

Revenue Recognition - Net sales from Two Trees include liquor and related products, less excise taxes and customer programs and incentives. Sales from RFS include product and services related to sustainable Radio Frequency applications to a wide range of industries including structural engineering, food & beverage, and manufacturing. The Company recognizes revenue by applying the following steps in accordance with ASC Topic 606 – Revenue from Contracts with Customers: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied.

 

The Company recognizes sales when merchandise is shipped from a warehouse directly to wholesale customers (except in the case of a consignment sale). For consignment sales, which include sales to the Oregon Liquor Control Commission, the Company recognizes sales upon the consignee’s shipment to the customer. Postage and handling charges billed to customers are also recognized as sales upon shipment of the related merchandise. Shipping terms are generally FOB shipping point, and title passes to the customer at the time and place of shipment or purchase by customers at a retail location. For consignment sales, title passes to the consignee concurrent with the consignee’s shipment to the customer. The customer has no cancellation privileges after shipment or upon purchase at retail locations, other than customary rights of return. For service revenue within the Company’s radio frequency applications, the Company recognizes revenue as the services are provided to the customer over the length of the contract. The Company’s contracts typically have a single performance obligation, and do not contain a significant financing component.

 

The Company recognizes deferred revenue for performance obligations not yet satisfied. As of September 30, 2024 and December 31, 2023, the Company had $0 and $52,779, respectively, in unsatisfied performance obligations related to liquor sales that it expects to satisfy over the next 12 months.

 

During the three and nine months ended September 30, 2024, the Company’s revenue consisted of revenues from liquor sales from Two Trees, and service and product income from RFS. There were no revenues during the three and nine months ended September 30, 2023.

 

For the three months ended September 30, 2024, the Company had one customer that accounted for 24% of total revenue, respectively. For the nine months ended September 30, 2024, the Company had one customer who accounted for 27% of total revenue.

 

Inventory - Inventories primarily consist of bulk and bottled liquor and raw materials and are stated at the lower of cost or market. Cost is determined using an average costing methodology, which approximates cost under the first-in, first-out (“FIFO”) method. A portion of the Company’s finished goods inventory is held in warehouses located in several states that maintain control over the alcohol beverage distribution process until it is sold into the retail distribution channel within those states. The Company regularly monitors inventory quantities on hand and records write-downs for excess and obsolete inventories based primarily on the Company’s estimated forecast of product demand and production requirements. Such write-downs establish a new cost basis of accounting for the related inventory.

 

Intangible Assets - Intangible assets, consisting of trade names, developed technology, and customer relationships, are accounted for in accordance with ASC 350 Intangibles - Goodwill and Other. Intangible assets that have finite lives are amortized using the straight-line method over their estimated useful lives of three to fifteen years.

 

F-8

 

 

Goodwill - Goodwill represents the excess of acquisition cost over the fair value of the net tangible and intangible assets acquired. Goodwill is not amortized and is subject to annual impairment testing on or between annual tests if an event or change in circumstance occurs that would more likely than not reduce the fair value of a reporting unit below its carrying value. In testing for goodwill impairment, the Company has the option to first assess qualitative factors to determine whether the existence of events or circumstances lead to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events and circumstances, the Company concludes that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, it can conclude the assessment. If the Company concludes otherwise, the Company is required to perform a quantitative analysis to determine the amount of impairment. A quantitative analysis is performed at the reporting unit level by comparing the estimated fair value of a reporting unit with its respective carrying value to determine the amount of impairment, if any. The Company has determined that it has one reporting unit. During the three and nine months ended September 30, 2024, no impairment expense was recognized. During the year ended December 31, 2023, no impairment expense was recognized.

 

Impairment of Long-Lived Assets - Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair market value of the assets. During the three and nine months ended September 30, 2024, no impairment expense was recognized. During the year ended December 31, 2023, no impairment expense was recognized.

 

Leases - Management determines if an arrangement is a lease at the inception of the agreement. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liability on the accompanying consolidated balance sheet. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

 

ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. The operating lease ROU assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. The Company uses the rate implicit in the lease agreement, when available, or a discount rate based on the information available at the commencement date in determining the present value of lease payments. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option.

 

Property and Equipment - Property and equipment are recorded at cost. Depreciation of property and equipment is calculated on a straight-line basis over the estimated useful lives of the assets. Furniture and fixture assets are depreciated over five years, vehicles are depreciated over five years, and computer and equipment are depreciated over three years. Expenditures for renewals and betterments that extend the useful lives of or improve existing property or equipment are capitalized. Expenditures for maintenance and repairs are expensed as incurred. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets as follows:

 SCHEDULE OF PROPERTY AND EQUIPMENT 

Category		Estimated Useful Lives
Machinery and equipment		3-7 years
Vehicles		5 years
Furniture & Fixtures		5 years
Computers		3 years

 

Leasehold improvements are depreciated over the shorter period of their estimated useful life or term of the lease.

 

Stock-Based Compensation - The Company measures stock-based compensation at the estimated fair value on the grant date and recognizes the amortization of stock-based compensation expense on a straight-line basis over the requisite service period, or when it is probable criteria will be achieved for performance-based awards. Fair value is determined based on assumptions related to the fair value of the Company common stock, stock volatility and risk-free rate of return. The Company has elected to recognize forfeitures when realized.

 

Excise Taxes - The Company is responsible for compliance with the Alcohol and Tobacco Tax and Trade Bureau (“TTB”) regulations, which includes making timely and accurate excise tax payments. The Company is subject to periodic compliance audits by the TTB. Individual states also impose excise taxes on alcoholic beverages in varying amounts. The Company calculates its excise tax expense based upon units produced and on its understanding of the applicable excise tax laws. Excise taxes totaled $10,282 and $19,501 for the three and nine months ended September 30, 2024.

 

F-9

 

 

Recently Issued Accounting Pronouncements - From time to time, new accounting pronouncements are issued by the FASB or other standard setting bodies that are adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that the effect of recently issued standards that are not yet effective will not have a material effect on its financial position or results of operations upon adoption.

 

NOTE 3 - INVENTORY

 

Inventories primarily consist of bulk and bottled liquor and raw materials and are stated at the lower of cost or market. Cost is determined using an average costing methodology, which approximates cost under the FIFO method. A portion of the Company’s finished goods inventory is held in warehouses located in several states that maintain control over the alcohol beverage distribution process until it is sold into the retail distribution channel within those states. The Company regularly monitors inventory quantities on hand and records write-downs for excess and obsolete inventories based primarily on the Company’s estimated forecast of product demand and production requirements. Such write-downs establish a new cost basis of accounting for the related inventory.

 

Inventories consisted of the following:

 

 SCHEDULE OF INVENTORY 

		September 30, 2024				December 31, 2023
Raw materials and packaging		$	57,771			$	78,352
Finished goods			130,859				122,855
Total inventories		$	188,630			$	201,207

 

NOTE 4 – FIXED ASSETS, NET

 

Fixed assets, net consisted of the following:

 SCHEDULE OF FIXED ASSETS, NET

		September 30, 2024				December 31, 2023
Machinery and equipment		$	672,865			$	220,984
Furniture and office equipment			133,890				133,890
Vehicles			-				142,306
Buildings			10,497				10,497
Total Property and equipment			817,252				507,677
Less accumulated depreciation			(168,733	)			(10,787	)
Total property and equipment, net		$	648,519			$	496,890

 

On August 25, 2023, the Company entered an asset purchase agreement with an unrelated company, Dream Workz Automotive LLC, a Colorado limited liability company (“Dream Workz”). Pursuant to this agreement, the Company sold certain tangible manufacturing assets of ours to Dream Workz for a purchase price of $195,000 (the “Purchase Price”). The Purchase Price was paid in a combination of cash in the amount of $100,000 and a promissory note in the amount of $95,000 (the “Note”). The Note is unsecured and bears interest at the rate of 8% per annum commencing as of August 25, 2023. The Note matures on August 25, 2029 and is due in full at maturity

 

On January 31, 2024, the Company received assets under the second purchase agreement totaling $444,891. The assets are included in property and equipment on the Company’s consolidated balance sheet. The Company assumed the liability of $444,891 as part of the Exchange Agreement with RFS. The Exchange Agreement requires monthly payments through March 2030.

 

In May 2024, the Company entered into two bill of sale agreements to sell two vehicles to Keith Mort, the former owner of RFS. Mr. Mort assumed the loans associated with the two vehicles with a net book value of $130,492 and an aggregate principal balance of $72,592 at the time of sale, and the Company recognized a loss on disposal of $57,900 during the nine months ended September 30, 2024.

 

F-10

 

 

Depreciation expense totaled $61,071 and $124,892 for the three and nine months ended September 30, 2024, respectively.

 

NOTE 5 – INTANGIBLE ASSETS, NET

 

Intangible assets, net consisted of the following:

 SCHEDULE OF INTANGIBLE ASSETS, LESS ACCUMULATED AMORTIZATION

		September 30, 2024				December 31, 2023
Trade names and license, 10 year estimated useful life		$	359,500			$	359,500
Developed technology, 15 year estimated useful life			140,000				140,000
Customer relationships, 10 year estimated useful life			120,000				120,000
Total intangible assets			619,500				619,500
Less accumulated amortization			(46,643	)			(4,339	)
Total intangible assets, net		$	572,857			$	615,161

 

Total amortization expense for the three and nine months ended September 30, 2024 was $14,102 and $42,304, respectively. Total amortization expense for the three and nine months ended September 30, 2023 was $636. The Company expects to recognize amortization expense of $56,432 annually in each of the next five years.

 

On February 5, 2024, the Company, through its wholly owned subsidiary, Two Trees Beverages, entered into a new 15-year license agreement with Shine Time, LLC, licensing territories for Tim Smith Spirits® expanding its territories beyond the United States to include all members of the European Union, the United Kingdom, Norway, Switzerland, Iceland, Serbia, Turkey and Ukraine. The Company agreed to pay a royalty of 9% on branded products covered by the license agreement, or 4.5% of any sublicensed revenue under the agreement. During the nine months ended September 30, 2024, the Company paid $79,688 to Shine Time, LLC pursuant to the license agreement. An additional $112,500 was due under the terms of the license agreement by April 1, 2024. As of the filing date of this Quarterly Report on Form 10-Q, the Company has not paid such amount. The Company also agreed to issue to Shine Time, LLC 300,000 shares of the Company’s common stock with a fair value of $15,000. Such shares have not been issued as of the date of this report.

 

NOTE 6 – NOTE RECEIVABLE

 

During the year ended December 31, 2023, the Company sold certain fixed assets for $195,000. At the time of the sale $100,000 cash proceeds were received and the Company received a note receivable for $95,000. The net book value of the asset at the time of sale was $26,145. A gain of $168,855 was recorded in the year ended December 31, 2023, for the sale of equipment. The note is payable in full at maturity on August 25, 2029, and accrues interest at the rate of 8% per year. The note receivable balance as of September 30, 2024 is $103,233 and the Company recognized interest income of $5,700 for the nine months ended September 30, 2024. The note receivable balance as of December 31, 2023, was $97,533, including interest of $2,533.

 

NOTE 7 - ACQUISITIONS

 

Two Trees

 

The Company closed the Merger on the Merger Closing Date pursuant to the Merger Agreement. Pursuant to the terms of the Merger Agreement, on the Merger Closing Date of the Merger, the Company issued 60,000,000 shares of its common stock, $0.001 par value per share, (the “Company Common Stock”) which was apportioned among the Two Trees stockholders, pro rata, based on the number of shares of Two Trees common stock, par value $0.0001 per share (the “Two Trees Common Stock”) held by each of the Two Trees stockholders as of the closing of the Merger (the “Merger Consideration”). Upon completion of the Merger, all 12,045,277 shares of Two Trees common stock were cancelled in exchange for the right of the Two Trees stockholders to receive the Merger Consideration. Each share of common stock of Merger Sub issued and outstanding immediately prior to the effective time of the Merger was converted into and exchanged for one validly issued, fully paid and nonassessable share of common stock, $0.001 par value per share, of Two Trees as the surviving corporation.

 

F-11

 

 

RF Specialties

 

On December 27, 2023, the Company completed the acquisition of RFS and the Exchange and issued to Mr. Mort 7,500,000 shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”). Immediately following the completion of the Exchange, RFS became a wholly owned subsidiary of the Company.

 

Unaudited Pro Forma Financial Information

 

The following table sets forth the pro-forma consolidated results of operations for the three and nine months ended September 30, 2024 and 2023 as if the Exchange agreement with RF Specialties and the Merger agreement with Two Trees occurred on January 1, 2023. The pro forma results of operations are presented for informational purposes only and are not indicative of the results of operations that would have been achieved if the acquisitions had taken place on the dates noted above, or of results that may occur in the future.

 SCHEDULE OF UNAUDITED PROFORMA A FINANCIAL INFORMATION

		2024				2023				2024				2023
		Three Months ended September 30,								Nine Months ended September 30,
		2024				2023				2024				2023
Revenue		$	1,058,707			$	473,906			$	2,015,261			$	1,763,910
Operating income (loss)			162,930				(552,810	)			(843,775	)			(1,186,139	)
Net income (loss)			157,024				(404,301	)			(909,480	)			(1,033,728	)
Net income (loss) per common share		$	0.00			$	(0.00	)			(0.00	)			(0.01	)
Weighted average common shares outstanding			201,065,672				193,143,163				200,470,538				191,577,691

 

Asset purchase agreements

 

Prior to its acquisition by the Company on December 27, 2023, RFS entered into two asset purchase agreements to acquire certain tools and equipment. The Company received assets under one agreement in December 2023, totaling $97,363. The assets are included in property and equipment on the Company’s consolidated balance sheet. The Company assumed the liability of $88,674 as part of the Exchange Agreement with RFS. The agreement requires monthly payments through October 2026.

 

On January 31, 2024, the Company received assets under the second purchase agreement totaling $444,891. The assets are included in property and equipment on the Company’s consolidated balance sheet. The Company assumed the liability of $444,891 as part of the Exchange Agreement with RFS. The agreement requires monthly payments through March 2030.

 

As of September 30, 2024 and December 31, 2023, the Company owed $383,877 and $88,674 under the notes payable, respectively.

 

NOTE 8 - ADVANCES PAYABLE

 

The Company received advances aggregating $104,204 from two non-related parties during the year ended December 31, 2022 to cover legal, accounting, and other various public company related operating expenses. The advances are unsecured, non-interest bearing and are due on demand. During the year ended December 31, 2023, the Company repaid $104,204 in cash of the advances. The balance as of September 30, 2024 and December 31, 2023 is $0.

 

During the nine months ended September 30, 2024 and 2023, the Company repaid $0 and $19,449 in cash of the advances, respectively.

 

F-12

 

 

NOTE 9 - NOTES PAYABLE

 

The Company has the following outstanding notes payable:

 SCHEDULE OF NOTES PAYABLE

Loans		Origination Date				Interest Rate				Balance as of September 30, 2024				Balance as of December 31, 2023
Asset purchase agreement notes			December 1, 2023				0.00	%		$	383,877			$	88,674
Termination Agreement			December 31, 2021				0.13	%			21,584				21,584
Chrichton House Holdings, LLC			Due on demand				10.00	%			115,000				-
Toohey Holdings			Due on demand				10.00	%			5,500				-
Loan Payable - Mercedes			September 19, 2022				6.79	%			-				60,008
Loan Payable - Dodge			June 18, 2022				0.00	%			-				18,968
Total										$	525,961			$	189,234

 

The following is a summary of the future minimum payments of loans payable:

 SCHEDULE OF LOANS PAYABLE FUTURE MINIMUM PAYMENTS

Twelve Months Ending
September 30,
2025		$	264,967
2026			96,731
2027			67,898
2028			51,274
2029 and Thereafter			45,091
Total loans payable		$	525,961

 

In May 2024, the Company entered into two bill of sale agreements to sell two vehicles to Keith Mort, the former owner of RFS. Mr. Mort assumed the loans associated with the two vehicles with a net book value of $130,492 and an aggregate principal balance of $72,592 at the time of sale, and the Company recognized a loss on disposal of $57,900 during the nine months ended September 30, 2024.

 

During the nine ended September 30, 2024, the Company received a total of $120,500 in proceeds from two shareholders. The advances are unsecured, due on demand and have stated interest of 10% per annum. As of September 30, 2024, the balance owed on the advances from shareholders was $120,500.

 

Interest expense of $7,806 and $4,232 was recorded in the three months ended September 30, 2024, and 2023, respectively. Interest expense of $17,405 and $9,908 was recorded in the nine months ended September 30, 2024, and 2023, respectively.

 

Accrued interest on notes payable as of September 30, 2024 and December 31, 2023, was $6,454 and $0, respectively.

 

NOTE 10 - CAPITAL STOCK

 

Common stock

 

The Company is authorized to issue 300,000,000 shares of common stock, $0.001 par value, with such designations, rights and preferences as may be determined from time to time by the Board of Directors.

 

As of September 30, 2024 and December 31, 2023, there were 202,044,872 and 198,724,868 shares issued and outstanding, respectively.

 

During the nine months ended September 30, 2024, the Company sold a total of 4,620,004 shares of common stock to accredited investors for total cash proceeds of $640,000, with 1,000,000 of these shares of common stock not yet issued as of September 30, 2024.

 

As part of the license agreement disclosed in Note 4, the Company agreed to issue 300,000 restricted shares of common stock with a fair value of $15,000. The shares have not been issued to date, and the fair value is included in subscriptions payable on the Company’s consolidated balance sheet.

 

During the period ended September 30, 2023, the Company issued a total of 5,231,310 shares of common stock to accredited investors for total cash proceeds of $392,349.

 

F-13

 

 

Preferred stock

 

The Company is authorized to issue 10,000,000 shares of preferred stock, $0.001 par value, with such designations, rights and preferences as may be determined from time to time by the Board of Directors, of which 10,000,000 shares are designated Series A Convertible Preferred.

 

On June 15, 2014, the Company designated the Series A Convertible Preferred so that each share shall hold with it conversion rights of 100 shares of common stock for every share of Series A Preferred stock held, and that each share of Series A Preferred stock will also hold with it the same number of common share votes prior to conversion as it would if fully converted to be used in voting on any company matter requiring a vote of shareholders. At September 30, 2024 and December 31, 2023, there were 8,957,500 shares issued and outstanding.

 

Warrants

 

The following table represents warrant activity during the nine months ended September 30, 2024:

 

SCHEDULE OF WARRANT ACTIVITY

		Number of Options				Weighted Average Exercise Price
Outstanding at December 31, 2023			17,262,656			$	1.50
Granted			-				-
Forfeited, cancelled			-				-
Outstanding at September 30, 2024			17,262,656			$	1.50
Exercisable at September 30, 2024			17,262,656			$	1.50

 

The warrants had a weighted average remaining life of 3.90 years and no intrinsic value as of September 30, 2024.

 

Stock Options

 

The following is a summary of activity of outstanding stock options during the nine months ended September 30, 2024:

 

SCHEDULE OF ACTIVITY OF OUTSTANDING STOCK OPTIONS 

						Weighted
						Average
		Number				Exercise
		of Options				Prices
Balance, December 31, 2023			4,650,685			$	0.36
Granted			-				-
Cancelled			-				-
Balance, September 30, 2024			4,650,685			$	0.36
Exercisable, September 30, 2024			4,650,685			$	0.36

 

The options had a weighted average remaining life of 9.19 years and no intrinsic value as of September 30, 2024.

 

NOTE 11 – COMMITMENTS AND CONTINGENCIES

 

In the ordinary course of business, the Company may become a party to lawsuits involving various matters. The impact and outcome of litigation, if any, is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm its business. The Company believes the ultimate resolution of any such current proceeding will not have a material adverse effect on our continued financial position, results of operations or cash flows.

 

On April 22, 2024, the Company entered into a broker agreement with a third party. Under the agreement, the Company will pay a monthly fee of $1,500, and a commission of 12% of any revenue from customers introduced by the broker, less any promotional expenses incurred by the Company. The agreement is cancellable by either party with 60 days’ notice, and in the event of termination, the commissions shall continue for a period of one year from the termination date.

 

NOTE 12 - RELATED PARTY TRANSACTIONS

 

On January 1, 2024, the Company entered into a short-term loan agreement with an existing shareholder for $25,000 in cash proceeds. The loan included interest of 10% and was repaid in full in March 2024.

 

During the nine months ended September 30, 2024, the Company received a total of $120,500 in proceeds from shareholders. The advances are unsecured, due on demand and have stated interest of 10% per annum. As of September 30, 2024, the balance owed on the advances from shareholders was $120,500.

 

In May 2024, the Company entered into two bill of sale agreements to sell two vehicles to Keith Mort, the former owner of RFS. Mr. Mort assumed the loans associated with the two vehicles with a net book value of $130,492 and an aggregate principal balance of $72,592 at the time of sale, and the Company recognized a loss on disposal of $57,900 during the nine months ended September 30, 2024.

 

NOTE 13 – LEASES

 

The Company maintains an operating lease for its office space and operating facility. The lease has a remaining term of 80 months. The Company determines if an arrangement is a lease at inception. As the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate based on information available at commencement to determine the present value of the lease payments. The Company used a weighted average incremental borrowing rate of 8.4% Right-of-use assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Leases with an initial term of 12 months or less (“short-term leases”) are not recorded on the balance sheet and are recognized on a straight-line basis over the lease term. As of September 30, 2024, the amount of right-of-use assets and lease liabilities were $1,011,233 and $1,102,698, respectively. As of December 31, 2023, the amount of right-of-use assets and lease liabilities were $1,105,152 and $1,162,090, respectively. Aggregate lease expense for the three and nine months ended September 30, 2024, was $82,597 and $231,741, respectively.

 

The following table provides the maturities of lease liabilities at September 30, 2024:

 SCHEDULE OF MATURITIES LEASE LIABILITIES

		Operating Lease				Remaining Term in Years
2025			160,125
2026			314,613
2027			219,112
2028			176,088
2029			182,132
thereafter			283,783
Total lease payments			1,335,853
Less: imputed interest			(233,155	)
Present value of lease liability			1,102,698				2.54

 

NOTE 14 - SUBSEQUENT EVENTS

 

On November 7, 2024, by written consent of the Board of Directors, dated November 6, 2024, the Company executed individual Employment Agreements with Steven Laker, Chief Executive Officer and Chief Financial Officer of the Company, and James Cassidy, Chairman of the Board of Directors of the Company.

 

On November 7, 2024, the Company agreed to purchased 8,957,000 shares of Series A Convertible Preferred Stock, representing all of the issued and outstanding shares of Series A Convertible Preferred Stock of the Company from, Tradition Reserve I LLC, a New York limited liability company, in exchange for $10.00. The result of the purchase leaves no Series A Convertible Preferred Stock issued and outstanding.

 

Subsequent to September 30, 2024, the Company issued 700,000 shares of common stock in exchange for cash proceeds of $105,000.

 

Subsequent to September 30, 2024, the Company issued 1,000,000 shares of common stock related to shares sold for cash during the period ended September 30, 2024.

 

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

 

You should read the following discussion and analysis of our financial condition and results of operations together with our unaudited interim condensed financial statements and the related notes appearing elsewhere in this Quarterly Report on Form 10-Q. In addition to historical information, this discussion and analysis contains forward-looking statements that involve risks, uncertainties and assumptions. Our actual results may differ materially from those discussed below. Factors that could cause or contribute to such differences include, but are not limited to, those identified below, and those discussed in the section titled “Risk Factors” included in this Quarterly Report on Form 10-Q, as may be amended, supplemented or superseded from time to time by other reports we file with the SEC. All amounts in this report are in U.S. dollars, unless otherwise noted.

 

Throughout this Quarterly Report on Form 10-Q, references to “we,” “our,” “us,” the “Company,” or “MDwerks,” refer to MDwerks, Inc.

 

Overview

 

We completed two acquisitions in December 2023 as follows:

 

On December 8, 2023, we acquired Two Trees Beverage Co. and its subsidiaries (“Two Trees”). Two Trees produces a variety of aged alcoholic beverages using an innovative rapid-aging system. This scalable technology results in all-natural, high-quality products, efficiently produced, with a reduced environmental impact. Our products are nearly indistinguishable from those that are traditionally aged. Two Trees created a proprietary process that mirrors and accelerates the natural aging process that occurs when alcohol is aged in wooden barrels over time. The true art of our craft spirits lives within the balance between the grain selection, local water, and the full-bodied flavors from our toasted wood chip varieties. Our wood chips are selected to pair with specific grains and toasted to just the right char, bringing rich flavor profiles to life with a hint of smoke.

 

On December 27, 2023, we acquired the operations of RF Specialties, LLC (“RFS”). RFS is an innovative company pushing the boundaries of sustainable Radio Frequency applications. For over 12 years RFS has addressed companies’ most pressing challenges by implementing automated Radio Frequency Technology in a sustainable way reducing energy costs and increasing speed to market when compared to traditional methods. By bringing Radio Frequency applications to market RFS has successfully elevated a wide range of industries including structural engineering, food & beverage, and manufacturing.

 

Our results of operations for the three and nine months ended September 30, 2024 include the operations of these businesses for the full quarter. The results of operations for the three and nine months ended September 30, 2023 do not include any results from the acquired businesses.

 

Results of Operations

 

Three Months Ended September 30, 2024, compared to Three Months Ended September 30, 2023

 

The Company’s results of operations for the three months ended September 30, 2024 include the results of Two Trees since the acquisition date of December 8, 2023, and include the results of RFS from the acquisition date of December 27, 2023.

 

Revenue. Revenue for the three months ended September 30, 2024 was $1,058,707 compared to $0 for the three months ended September 30, 2023. The revenue is primarily attributable to liquor sales during the three months resulting from the acquisition of Two Trees and product and service income resulting from the acquisition of RF Specialties. We did not earn any revenues for the three months ended September 30, 2023.

 

Cost of Sales. Cost of sales for the three months ended September 30, 2024 was $325,839 compared to $0 for three months ended September 30, 2023. The cost of sales is primarily attributable to liquor sales during the period resulting from the acquisition of Two Trees, and labor costs related to the product and service income resulting from the acquisition of RF Specialties. We did not incur any cost of sales for the three months ended September 30, 2023.

 

 

Operating Expenses. The Company reported operating expenses of $569,938 consisting primarily of legal, accounting, payroll, and general business related expenses for the three months ended September 30, 2024 compared to $129,132 for the three months ended September 30, 2023. The $440,806 increase in operating expenses was primarily attributable to increased legal, payroll expenses and accounting fees related to our acquisitions that occurred in December 2023, our public company reporting obligations associated with this acquisitions, and increased audit fees from the increase in our business size from the acquisitions closing in December 2023. Operating expenses included depreciation and amortization expense of $58,969 for the three months ended September 30, 2024.

 

Total Other Expenses. Total other expense was $5,906 for the three months ended September 30, 2024 compared to $164,623 for the three months ended September 30, 2023. Other expense for the three months ended September 30, 2024 primarily consisted of interest expense of $7,806 and interest income of $1,900. Other income for the three months ended September 30, 2023 consisted of interest expense of $4,232 and $168,855 of gain on disposal of assets.

 

Nine Months Ended September 30, 2024, compared to Nine Months Ended September 30, 2023

 

The Company’s results of operations for the nine months ended September 30, 2024 include the results of Two Trees since the acquisition date of December 8, 2023, and include the results of RFS from the acquisition date of December 27, 2023.

 

Revenue. Revenue for the nine months ended September 30, 2024 was $2,015,261 compared to $0 for the nine months ended September 30, 2023. The revenue is primarily attributable to liquor sales during the three months resulting from the acquisition of Two Trees and product and service income resulting from the acquisition of RF Specialties. We did not earn any revenues for the nine months ended September 30, 2023.

 

Cost of Sales. Cost of sales for the nine months ended September 30, 2024 was $1,059,088 compared to $0 for nine months ended September 30, 2023. The cost of sales is primarily attributable to liquor sales during the period resulting from the acquisition of Two Trees, and labor costs related to the product and service income resulting from the acquisition of RF Specialties. We did not incur any cost of sales for the nine months ended September 30, 2023.

 

Operating Expenses. The Company reported operating expenses of $1,799,948 consisting primarily of legal, accounting, payroll, and general business-related expenses for the nine months ended September 30, 2024 compared to $234,659 for the nine months ended September 30, 2023. The $1,565,289 increase in operating expenses was primarily attributable to increased legal, payroll expenses and accounting fees related to our acquisitions that occurred in December 2023, our public company reporting obligations associated with this acquisitions, and increased audit fees from the acquisitions closing in December 2023. Operating expenses included depreciation and amortization expense of $212,063 for the nine months ended September 30, 2024.

 

Total Other Expenses. Total other expense was $65,705 for the nine months ended September 30, 2024 compared to other income of $158,947 for the nine months ended September 30, 2023. Other expense for the nine months ended September 30, 2024 primarily consisted of $54,000 of losses on disposal of assets, interest expense of $17,405 and interest income of $5,700. Other expense for the nine months ended September 30, 2023 consisted of $168,855 of gains on sale of assets, and interest expense of $9,908.

 

Liquidity and Capital Resources

 

As of September 30, 2024, and December 31, 2023, we had $62,478 and $115,111 of cash, respectively. We anticipate that our current cash and cash generated from financing activities will be insufficient to satisfy our liquidity requirements for the next 12 months. As of September 30, 2024, the Company has incurred operating losses since inception of $1,648,868. At September 30, 2024, the Company had a working capital deficit of $762,357.

 

We believe that if we do not raise additional capital over the next 12 months, we may be required to suspend or cease the implementation of our business plans. The Company requires additional funding to meet its ongoing obligations and to fund anticipated operating losses. Management has expressed substantial doubt about our ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might result from this uncertainty.

 

 

We expect to incur marketing, professional, and administrative expenses as well expenses associated with maintaining our filings with the Commission. We will require additional funds during this time and will seek to raise the necessary additional capital. If we are unable to obtain additional financing, we may be required to reduce the scope of our business development activities, which could harm our business plans, financial condition and operating results. Additional funding may not be available on favorable terms, if at all. The Company intends to continue to fund its business by way of equity or debt financing and advances from related parties. Any inability to raise capital as needed would have a material adverse effect on our business, financial condition and results of operations.

 

Cash Flows

 

Cash Used in Operating Activities. Net cash used in operating activities for the nine months ended September 30, 2024, and 2023, were $662,693 and $266,815. The increase was attributable to an increase in net loss compared to the prior year as a result of increased operating expenses associated with the new businesses as described above.

 

Cash Used from Investing Activities. Cash used in investing activities for the nine months ended September 30, 2024, and 2023 was $6,990 and $82,500, respectively, including purchases of equipment of $6,990 and $88,000, respectively, and purchases of intangible assets of $0 and $19,500, respectively. For the nine months ended September 30, 202, cash used in investing activities also included proceeds from the sale of equipment of $100,000, partially offset by payments on loans receivable of $75,000.

 

Cash Provided by Financing Activities. Net cash provided by financing activities for the nine months ended September 30, 2024, and 2023 was $617,050 and $491,648, respectively. The cash provided by financing activities for the nine months ended September 30, 2024 was attributable to proceeds from subscriptions agreements of $640,000, proceeds from related party notes payable of $120,500, partially offset by repayments of notes payable of $143,450. The cash provided by financing activities for the nine months ended September 30, 2023 was attributable to proceeds from sale of common stock of $392,349, proceeds from advances of $118,748, partially offset by repayment of advances of $19,449.

 

Off-Balance Sheet Arrangements

 

There are no off-balance sheet arrangements currently contemplated by management or in place that are reasonably likely to have a current or future effect on the business, financial condition, changes in financial condition, revenue or expenses, result of operations, liquidity, capital expenditures and/or capital resources.

 

Recent Accounting Standards

 

The Company has implemented all new accounting standards that are in effect and that may impact its financial statements and does not believe that there are any other new accounting standards that have been issued that might have a material impact on its financial position or results of operations.

 

 

Critical Accounting Policies and Estimates

 

The preparation of financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues, expenses, and related disclosures. Estimates and judgments are based on historical experience, forecasted events, and various other assumptions that we believe to be reasonable under the circumstances. Estimates and judgments may vary under different assumptions or conditions. We evaluate our estimates and judgments on an ongoing basis. Our management believes the accounting policies below are critical in the portrayal of our financial condition and results of operations and require management’s most difficult, subjective, or complex judgments.

 

Revenue Recognition

 

Net sales from Two Trees include liquor and related products, less excise taxes and customer programs and incentives. Sales from RFS include product and services related to sustainable Radio Frequency applications to a wide range of industries including structural engineering, food & beverage, and manufacturing. The Company recognizes revenue by applying the following steps in accordance with ASC Topic 606 – Revenue from Contracts with Customers: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied.

 

The Company recognizes sales when merchandise is shipped from a warehouse directly to wholesale customers (except in the case of a consignment sale). For consignment sales, which include sales to the Oregon Liquor Control Commission, the Company recognizes sales upon the consignee’s shipment to the customer. Postage and handling charges billed to customers are also recognized as sales upon shipment of the related merchandise. Shipping terms are generally FOB shipping point, and title passes to the customer at the time and place of shipment or purchase by customers at a retail location. For consignment sales, title passes to the consignee concurrent with the consignee’s shipment to the customer. The customer has no cancellation privileges after shipment or upon purchase at retail locations, other than customary rights of return. For service revenue within the Company’s radio frequency applications, the Company recognizes revenue as the services are provided to the customer over the length of the contract. The Company’s contracts typically have a single performance obligation, and do not contain a significant financing component.

 

Goodwill - Goodwill represents the excess of acquisition cost over the fair value of the net tangible and intangible assets acquired. Goodwill is not amortized and is subject to annual impairment testing on or between annual tests if an event or change in circumstance occurs that would more likely than not reduce the fair value of a reporting unit below its carrying value. In testing for goodwill impairment, the Company has the option to first assess qualitative factors to determine whether the existence of events or circumstances lead to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events and circumstances, the Company concludes that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, it can conclude the assessment. If the Company concludes otherwise, the Company is required to perform a quantitative analysis to determine the amount of impairment. A quantitative analysis is performed at the reporting unit level by comparing the estimated fair value of a reporting unit with its respective carrying value to determine the amount of impairment, if any. The Company has determined that it has one reporting unit.

 

Impairment of Long-Lived Assets - Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair market value of the assets.

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

 

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

 

Item 4. Controls and Procedures.

 

Disclosure 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, as amended (the “Exchange Act”) is recorded, processed, summarized and reported, within the time period specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, 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 including our principal executive officer and principal financial officer as appropriate, to allow timely decisions regarding required disclosure.

 

The Company’s principal executive officer and principal financial officer have evaluated the effectiveness of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of September 30, 2024. Based upon such evaluation, the principal executive officer and principal financial officer have concluded that, as of September 30, 2024, the Company’s disclosure controls and procedures were not effective as required under Rules 13a-15(e) and 15d-15(e) under the Exchange Act.

 

Changes in Internal Control Over Financial Reporting

 

There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) or 15d-15(f)) during the quarter ended September 30, 2024, that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

 

 

PART II—OTHER INFORMATION

 

Item 1. Legal Proceedings.

 

None.

 

Item 1A. Risk Factors.

 

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

 

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

 

The following information represents securities sold by us that has not been previously included in a Quarterly Report on Form 10-Q or a Current Report of Form 8-K which were not registered under the Securities Act. Included are new issues, securities issued in exchange for property, services or other securities, securities issued upon conversion from our other share classes and new securities resulting from the modification of outstanding securities. We issued all of the securities listed below pursuant to the exemption from registration provided by Section 4(a)(2) of the Securities Act (the “Securities Act”), or Regulation D or Regulation S promulgated thereunder.

 

During the quarter ended March 31, 2024, the Company sold 2,600,000 shares of common stock in exchange for cash proceeds of $390,000, of which 500,000 shares were issued in August 2024.

 

During the quarter ended September 30, 2024, the Company sold 1,666,668 shares of common stock in exchange for cash proceeds of $250,000, with 1,000,000 shares not yet issued as of September 30, 2024. The Company also issued 53,336 shares of common stock related to cash subscriptions during the year ended December 31, 2023.

 

Item 3. Defaults Upon Senior Securities.

 

None

 

Item 4. Mine Safety Disclosure.

 

None

 

Item 5. Other Information.

 

(a) None.

 

(b) There have been no material changes to the procedures by which security holders may recommend nominees to the Company’s Board of Directors since the Company last provided disclosure in response to the requirements of Item 407(c)(3) of Regulation S-K.

 

(c) During the quarter ended September 30, 2024, no director or officer of the Company adopted or terminated a contract, instruction or written plan for the purchase or sale of securities of the Company intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) and/or a non-Rule 10b5-1 trading arrangement.

 

Item 6. Exhibits

 

Exhibit No.		Description
31.1		Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act*
31.2		Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act*
32.1		Certification of Principal Executive Officer and of Principal Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act**
101.INS		Inline XBRL Instance Document*
101.SCH		Inline XBRL Taxonomy Extension Schema Document*
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document*
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document*
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document*
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document*
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)*

 

*	Filed herewith.
**	Furnished herewith.

 

 

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.

 

	MDwerks, Inc.
Date: November 14 , 2024	/s/ Steven C. Laker
	Steven C. Laker
	Chief Executive Officer and Chief Financial Officer
	(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

 

 

Exhibit 31.1

 

CERTIFICATIONS

 

I, Steven C. Laker, certify that:

 

1. I have reviewed this Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 of MDwerks, 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 this 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 consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; and

 

(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; and

 

(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.

 

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: November 14, 2024
/s/ Steven C. Laker
Steven C. Laker
Chief Executive Officer and Chief Financial Officer
(principal executive officer)

 

 

 

 

Exhibit 31.2

 

CERTIFICATIONS

 

I, Steven C. Laker, certify that:

 

1. I have reviewed this Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 of MDwerks, 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 this 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 consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; and

 

(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; and

 

(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.

 

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: November 14, 2024
/s/ Steven C. Laker
Steven C. Laker
Chief Executive Officer and Chief Financial Officer
(principal financial officer)

 

 

 

 

Exhibit 32.1

 

CERTIFICATION

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report on Form 10-Q of MDwerks, Inc. (the “Company”) for the quarter ended September 30, 2024 as filed with the Securities and Exchange Commission (the “Report”), I, Steven C. Laker, Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

 

1. The Report fully complies with the 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.

 

Date: November 14, 2024	/s/ Steven C. Laker
	Steven C. Laker Chief Executive Officer and Chief Financial Officer (principal executive officer and principal financial officer)

 

This certification accompanies this Annual Report on Form 10-K pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by such Act, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates it by reference.

 

 

 

v3.24.3

Cover - shares	9 Months Ended
	Sep. 30, 2024	Nov. 11, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	000-56299
Entity Registrant Name	MDwerks, Inc.
Entity Central Index Key	0001295514
Entity Tax Identification Number	33-1095411
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	411 Walnut Street
Entity Address, Address Line Two	Suite 20125
Entity Address, City or Town	Green Cove
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32043
City Area Code	(252)
Local Phone Number	501-0019
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		203,744,872

v3.24.3

Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current Assets
Cash	$ 62,478	$ 115,111
Note receivable	103,233	97,533
Accounts receivable, net	209,200	106,734
Inventory	188,630	201,207
Prepaid expenses and other current assets	16,146	28,632
Total Current Assets	579,687	549,217
Fixed assets, net of accumulated depreciation of $168,733 and $10,787, respectively	648,519	496,890
Intangible assets, net of accumulated amortization of $46,643 and $4,339, respectively	572,857	615,161
Right-of-use asset	1,011,233	1,105,152
Other assets	16,010
Goodwill	466,648	466,648
Total Assets	3,294,954	3,233,068
Current Liabilities
Accounts payable and accrued expenses	760,558	668,748
Notes payable, current portion	264,967	96,404
Deferred revenue		52,779
Right-of-use liability, current portion	316,519	249,175
Total Current Liabilities	1,342,044	1,067,106
Notes payable, net of current portion	260,994	92,830
Right-of use liability, net of current portion	786,179	912,915
Total Liabilities	2,389,217	2,072,851
Stockholders’ Equity
Preferred stock, par value $0.001; 10,000,000 shares authorized, of which 8,957,500 were issued and outstanding	8,958	8,958
Common stock, par value $0.001; 300,000,000 shares authorized, of which 202,044,872 and 198,724,868 shares were issued and outstanding at September 30, 2024 and December 31, 2023, respectively	202,045	198,725
Additional paid in capital	2,178,602	1,691,922
Subscription payable	165,000
Accumulated deficit	(1,648,868)	(739,388)
Total Stockholders’ Equity	905,737	1,160,217
Total Liabilities and Stockholders’ Equity	$ 3,294,954	$ 3,233,068

v3.24.3

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Fixed assets, accumulated depreciation	$ 168,733	$ 10,787
Intangible assets, accumulated amortization	$ 46,643	$ 4,339
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	8,957,500	8,957,500
Preferred stock, shares outstanding	8,957,500	8,957,500
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	202,044,872	198,724,868
Common stock, shares outstanding	202,044,872	198,724,868

v3.24.3

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenue	$ 1,058,707		$ 2,015,261
Cost of revenue	325,839		1,059,088
Gross (loss) profit	732,868		956,173
Operating Expenses
General and administrative expense	494,821	128,496	1,539,442	234,023
Salaries and wages	16,148		48,443
Depreciation and amortization	58,969	636	212,063	636
Total Operating Expenses	569,938	129,132	1,799,948	234,659
Net Income (Loss) from Operations	162,930	(129,132)	(843,775)	(234,659)
Other Income (Expense)
Other income	1,900		5,700
Gain (loss) on disposal of assets		168,855	(54,000)	168,855
Interest expense	(7,806)	(4,232)	(17,405)	(9,908)
Total Other Income (Expense)	(5,906)	164,623	(65,705)	158,947
Net Income (loss)	$ 157,024	$ 35,491	$ (909,480)	$ (75,712)
Net loss per share
Basic	$ 0.00	$ 0.00	$ (0.00)	$ (0.00)
Diluted	$ 0.00	$ 0.00	$ (0.00)	$ (0.00)
Weighted Average Number of Shares
Basic	201,065,672	125,643,163	200,470,538	124,077,691
Diluted	201,065,672	125,643,163	200,470,538	124,077,691

v3.24.3

Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Subscription Payable [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2022	$ 8,958	$ 122,260	$ 201,531		$ (447,716)	$ (114,967)
Balance, shares at Dec. 31, 2022	8,957,500	122,260,208
Common shares sold for cash		$ 1,141	84,457			85,598
Common shares sold for cash, shares		1,141,298
Net Income (loss)					(41,451)	(41,451)
Balance at Mar. 31, 2023	$ 8,958	$ 123,401	285,988		(489,167)	(70,820)
Balance, shares at Mar. 31, 2023	8,957,500	123,401,506
Balance at Dec. 31, 2022	$ 8,958	$ 122,260	201,531		(447,716)	(114,967)
Balance, shares at Dec. 31, 2022	8,957,500	122,260,208
Net Income (loss)						(75,712)
Balance at Sep. 30, 2023	$ 8,958	$ 127,492	593,602		(523,428)	206,624
Balance, shares at Sep. 30, 2023	8,957,500	127,491,518
Balance at Mar. 31, 2023	$ 8,958	$ 123,401	285,988		(489,167)	(70,820)
Balance, shares at Mar. 31, 2023	8,957,500	123,401,506
Common shares sold for cash		$ 1,334	98,666			100,000
Common shares sold for cash, shares		1,333,333
Net Income (loss)					(69,752)	(69,752)
Imputed interest			2,838			2,838
Balance at Jun. 30, 2023	$ 8,958	$ 124,735	387,492		(558,919)	(37,734)
Balance, shares at Jun. 30, 2023	8,957,500	124,734,839
Common shares sold for cash		$ 2,757	203,994			206,751
Common shares sold for cash, shares		2,756,679
Net Income (loss)					35,491	35,491
Imputed interest			2,116			2,116
Balance at Sep. 30, 2023	$ 8,958	$ 127,492	593,602		(523,428)	206,624
Balance, shares at Sep. 30, 2023	8,957,500	127,491,518
Balance at Dec. 31, 2023	$ 8,958	$ 198,725	1,691,922		(739,388)	1,160,217
Balance, shares at Dec. 31, 2023	8,957,500	198,724,868
Common shares sold for cash		$ 2,100	312,900	75,000		390,000
Common shares sold for cash, shares		2,100,000
Common shares to be issued for royalty agreement				15,000		15,000
Net Income (loss)					(302,389)	(302,389)
Balance at Mar. 31, 2024	$ 8,958	$ 200,825	2,004,822	90,000	(1,041,777)	1,262,828
Balance, shares at Mar. 31, 2024	8,957,500	200,824,868
Balance at Dec. 31, 2023	$ 8,958	$ 198,725	1,691,922		(739,388)	1,160,217
Balance, shares at Dec. 31, 2023	8,957,500	198,724,868
Net Income (loss)						(909,480)
Balance at Sep. 30, 2024	$ 8,958	$ 202,045	2,178,602	165,000	(1,648,868)	905,737
Balance, shares at Sep. 30, 2024	8,957,500	202,044,872
Balance at Mar. 31, 2024	$ 8,958	$ 200,825	2,004,822	90,000	(1,041,777)	1,262,828
Balance, shares at Mar. 31, 2024	8,957,500	200,824,868
Net Income (loss)					(764,115)	(764,115)
Balance at Jun. 30, 2024	$ 8,958	$ 200,825	2,004,822	90,000	(1,805,892)	498,713
Balance, shares at Jun. 30, 2024	8,957,500	200,824,868
Common shares sold for cash		$ 1,220	173,780	75,000		250,000
Common shares sold for cash, shares		1,220,004
Net Income (loss)					157,024	157,024
Balance at Sep. 30, 2024	$ 8,958	$ 202,045	$ 2,178,602	$ 165,000	$ (1,648,868)	$ 905,737
Balance, shares at Sep. 30, 2024	8,957,500	202,044,872

v3.24.3

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ 157,024	$ (302,389)	$ 35,491	$ (41,451)	$ (909,480)	$ (75,712)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization					212,063	636
Loss on disposal of assets			(168,855)		54,000	(168,855)
Stock-based compensation					15,000
Bad debt expense					976
Imputed interest						4,954
Interest income					(5,700)
Changes in operating assets and liabilities:
Accounts receivable					(103,442)
Prepaid expense					(16,146)
Inventory					12,577
Right-of-use asset					93,919
Accounts payable					95,711	(30,676)
Deferred revenue					(52,779)
Accrued expenses						2,838
Right-of-use liability					(59,392)
NET CASH USED IN OPERATING ACTIVITIES					(662,693)	(266,815)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment					(6,990)	(88,000)
Purchase of intangible assets						(19,500)
Proceeds from sale of equipment						100,000	$ 100,000
Payments on loans receivable						(75,000)
NET CASH USED IN INVESTING ACTIVITIES					(6,990)	(82,500)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related party notes payable					120,500
Repayment of notes payable					(143,450)
Proceeds from advances payable						118,748
Repayment of advances payable						(19,449)
Proceeds from subscription agreements					640,000	392,349
NET CASH PROVIDED BY FINANCING ACTIVITIES					617,050	491,648
NET CHANGE IN CASH					(52,633)	142,333
CASH - BEGINNING OF YEAR		$ 115,111		$ 23,715	115,111	23,715	23,715
CASH - END OF PERIOD	$ 62,478		$ 166,048		62,478	166,048	$ 115,111
Supplemental disclosures of cash flow information:
Cash paid for interest
Cash paid for taxes
Noncash investing and financing activities:
Property and equipment acquired with notes payable					444,891
Note receivable issued for asset sale						$ 95,000

v3.24.3

Pay vs Performance Disclosure - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ 157,024	$ (764,115)	$ (302,389)	$ 35,491	$ (69,752)	$ (41,451)	$ (909,480)	$ (75,712)

v3.24.3

Insider Trading Arrangements	3 Months Ended
	Sep. 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

v3.24.3

ORGANIZATION AND DESCRIPTION OF THE BUSINESS	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND DESCRIPTION OF THE BUSINESS	NOTE 1 - ORGANIZATION AND DESCRIPTION OF THE BUSINESS   MDwerks, Inc. (the “Company”), a Delaware corporation, was focused on effecting a “reverse merger,” capital exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more unrelated businesses (the “Business Combination”) that would benefit from the Company’s public reporting status.   On February 13, 2023, the Company entered into a Merger Agreement (the “Merger Agreement”), by and between the Company, MD-TT Merger Sub, Inc., a wholly owned subsidiary of the Company (“Merger Sub”), and Two Trees Beverage Co. (“Two Trees Beverage”).   Two Trees Beverage produces a variety of aged alcoholic beverages using an innovative rapid-aging system. This scalable technology results in all-natural, high-quality products, efficiently produced, with a reduced environmental impact. Our products are nearly indistinguishable from those that are traditionally aged. Two Trees Beverage created a proprietary process that mirrors and accelerates the natural aging process that occurs when alcohol is aged in wooden barrels over time. The true art of our craft spirits lives within the balance between the grain selection, local water, and the full-bodied flavors from our toasted wood chip varieties. Our wood chips are selected to pair with specific grains and toasted to just the right char, bringing rich flavor profiles to life with a hint of smoke.   In consideration of the Merger Agreement, at the effective time of the Merger, each of the holders of Two Trees Beverage stock, subject to certain exceptions set forth in the Merger Agreement, had the right to convert all of the shares of Two Trees Beverage stock into a total of 60,000,000 shares of Company common stock, which was to be apportioned between the Two Trees Beverage stockholders, pro rata, based on the number of shares of Two Trees Beverage stock held by each of the Two Trees Beverage stockholders as of the closing of the Merger (the “Merger Consideration”). Immediately following the closing of the Merger on December 8, 2023, Two Trees Beverage became a wholly owned subsidiary of the Company.   RF Specialties, LLC (“RFS”) is an innovative company pushing the boundaries of sustainable Radio Frequency applications. For over 12 years, RF Specialties has addressed companies’ most pressing challenges by implementing automated Radio Frequency Technology in a sustainable way reducing energy costs and increasing speed to market when compared to traditional methods. By bringing Radio Frequency applications to market RFS has successfully elevated a wide range of industries including structural engineering, food & beverage, and manufacturing. As discussed below, on January 25, 2023, the Company entered into an Exchange Agreement (the “Exchange Agreement”), dated as of January 19, 2023, by and between the Company, RFS and Keith A. Mort as the sole member of RFS. Pursuant to the terms of the Exchange Agreement, the Company agreed to acquire from Mr. Mort, and Mr. Mort agreed to sell to the Company, 100% of the equity interests and membership interests of RFS, in exchange for the issuance by the Company to Mr. Mort of 7,500,000 shares of the Company’s common stock (the “Exchange”). Immediately following the closing of the Exchange on December 27, 2023, RFS became a wholly owned subsidiary of the Company.

v3.24.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES   Basis of Presentation - The accompanying interim unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and should be read in conjunction with the financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2023, which was filed with the Securities and Exchange Commission (“SEC”) on June 28, 2024. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been omitted from this Quarterly Report on Form 10-Q pursuant to the rules and regulations of the SEC.     Results for the interim periods in this report are not necessarily indicative of future financial results and have not been audited by our independent registered public accounting firm. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments necessary to present fairly our interim financial statements as of September 30, 2024, and for the three and nine months ended September 30, 2024 and 2023. These adjustments are of a normal recurring nature and consistent with the adjustments recorded to prepare the annual audited consolidated financial statements as of December 31, 2023.   The accompanying interim unaudited consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Two Trees Beverage, Prost Beverage Co, Radio Aged Beer LLC, RF Kettle Company LLC, Two Trees Distilling, RAS LLC (collectively referred to as “Two Trees”) and RFS. All intercompany accounts, transactions and balances have been eliminated in consolidation.   Use of Estimates and Assumptions - The preparation of financial statements in accordance with U.S. GAAP requires the Company’s 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 consolidated financial statements and the reported amounts of expenses during the reporting period. Actual results can, and in many cases will, differ from those estimates.   Accounts Receivable and the Allowances for Credit Losses - Accounts receivable are recorded in the period when the right to receive payment or other consideration becomes unconditional. Accounts receivable are recorded at the invoiced amount and do not earn interest. The Company maintains an allowance for credit losses based upon the best estimate of probable credit losses in existing accounts receivable. The Company determines the allowance based upon individual accounts when information indicates the customers may have an inability to meet their financial obligations, as well as historical collection and write-off experience. The Company had an accounts receivable balance of $209,200, net of $89,202 allowance for doubtful accounts, as of September 30, 2024. The Company had an accounts receivable balance of $106,734, net of $51,967 allowance for doubtful accounts, as of December 31, 2023. As of September 30, 2024, the Company had two customers that accounted for 18% and 11%, respectively, of total accounts receivable. As of December 31, 2023, the Company had three customers that accounted for 25%, 17%, and 10%, respectively, of total accounts receivable.   Fair value of financial instruments - The Company measures its financial and non-financial assets and liabilities, as well as makes related disclosures, in accordance with the Financial Accounting Standards Board’s (the “FASB”) Accounting Standards Codification (“ASC”) No. 820, Fair Value Measurement (“ASC 820”), which provides guidance with respect to valuation techniques to be utilized in the determination of fair value of assets and liabilities. Approaches include, (i) the market approach (comparable market prices), (ii) the income approach (present value of future income or cash flow), and (iii) the cost approach (cost to replace the service capacity of an asset or replacement cost). ASC 820 utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels:   Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.   Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.   Level 3: Unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one more significant inputs or significant value drivers are unobservable.   The carrying values of the Company’s accounts payable and accrued liabilities, advances payable, and convertible notes payable, approximate their fair value due to their short-term nature.   Going Concern - These interim unaudited consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future. As reflected in the accompanying unaudited financial statements, the Company had a net loss of $909,480 and negative cash flows from operations of $662,693 for the nine months ended September 30, 2024 and an accumulated deficit of $1,648,868 as of September 30, 2024. Although management believes that it will be able to successfully execute a business combination, which includes third party financing and the raising of capital to meet the Company’s future liquidity needs, there can be no assurances in this regard. These matters raise substantial doubt about the Company’s ability to continue as a going concern.     Revenue Recognition - Net sales from Two Trees include liquor and related products, less excise taxes and customer programs and incentives. Sales from RFS include product and services related to sustainable Radio Frequency applications to a wide range of industries including structural engineering, food & beverage, and manufacturing. The Company recognizes revenue by applying the following steps in accordance with ASC Topic 606 – Revenue from Contracts with Customers: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied.   The Company recognizes sales when merchandise is shipped from a warehouse directly to wholesale customers (except in the case of a consignment sale). For consignment sales, which include sales to the Oregon Liquor Control Commission, the Company recognizes sales upon the consignee’s shipment to the customer. Postage and handling charges billed to customers are also recognized as sales upon shipment of the related merchandise. Shipping terms are generally FOB shipping point, and title passes to the customer at the time and place of shipment or purchase by customers at a retail location. For consignment sales, title passes to the consignee concurrent with the consignee’s shipment to the customer. The customer has no cancellation privileges after shipment or upon purchase at retail locations, other than customary rights of return. For service revenue within the Company’s radio frequency applications, the Company recognizes revenue as the services are provided to the customer over the length of the contract. The Company’s contracts typically have a single performance obligation, and do not contain a significant financing component.   The Company recognizes deferred revenue for performance obligations not yet satisfied. As of September 30, 2024 and December 31, 2023, the Company had $0 and $52,779, respectively, in unsatisfied performance obligations related to liquor sales that it expects to satisfy over the next 12 months.   During the three and nine months ended September 30, 2024, the Company’s revenue consisted of revenues from liquor sales from Two Trees, and service and product income from RFS. There were no revenues during the three and nine months ended September 30, 2023.   For the three months ended September 30, 2024, the Company had one customer that accounted for 24% of total revenue, respectively. For the nine months ended September 30, 2024, the Company had one customer who accounted for 27% of total revenue.   Inventory - Inventories primarily consist of bulk and bottled liquor and raw materials and are stated at the lower of cost or market. Cost is determined using an average costing methodology, which approximates cost under the first-in, first-out (“FIFO”) method. A portion of the Company’s finished goods inventory is held in warehouses located in several states that maintain control over the alcohol beverage distribution process until it is sold into the retail distribution channel within those states. The Company regularly monitors inventory quantities on hand and records write-downs for excess and obsolete inventories based primarily on the Company’s estimated forecast of product demand and production requirements. Such write-downs establish a new cost basis of accounting for the related inventory.   Intangible Assets - Intangible assets, consisting of trade names, developed technology, and customer relationships, are accounted for in accordance with ASC 350 Intangibles - Goodwill and Other. Intangible assets that have finite lives are amortized using the straight-line method over their estimated useful lives of three to fifteen years.     Goodwill - Goodwill represents the excess of acquisition cost over the fair value of the net tangible and intangible assets acquired. Goodwill is not amortized and is subject to annual impairment testing on or between annual tests if an event or change in circumstance occurs that would more likely than not reduce the fair value of a reporting unit below its carrying value. In testing for goodwill impairment, the Company has the option to first assess qualitative factors to determine whether the existence of events or circumstances lead to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events and circumstances, the Company concludes that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, it can conclude the assessment. If the Company concludes otherwise, the Company is required to perform a quantitative analysis to determine the amount of impairment. A quantitative analysis is performed at the reporting unit level by comparing the estimated fair value of a reporting unit with its respective carrying value to determine the amount of impairment, if any. The Company has determined that it has one reporting unit. During the three and nine months ended September 30, 2024, no impairment expense was recognized. During the year ended December 31, 2023, no impairment expense was recognized.   Impairment of Long-Lived Assets - Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair market value of the assets. During the three and nine months ended September 30, 2024, no impairment expense was recognized. During the year ended December 31, 2023, no impairment expense was recognized.   Leases - Management determines if an arrangement is a lease at the inception of the agreement. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liability on the accompanying consolidated balance sheet. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.   ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. The operating lease ROU assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. The Company uses the rate implicit in the lease agreement, when available, or a discount rate based on the information available at the commencement date in determining the present value of lease payments. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option.   Property and Equipment - Property and equipment are recorded at cost. Depreciation of property and equipment is calculated on a straight-line basis over the estimated useful lives of the assets. Furniture and fixture assets are depreciated over five years, vehicles are depreciated over five years, and computer and equipment are depreciated over three years. Expenditures for renewals and betterments that extend the useful lives of or improve existing property or equipment are capitalized. Expenditures for maintenance and repairs are expensed as incurred. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets as follows:  SCHEDULE OF PROPERTY AND EQUIPMENT  Category   Estimated Useful Lives Machinery and equipment   3-7 years Vehicles   5 years Furniture & Fixtures   5 years Computers   3 years   Leasehold improvements are depreciated over the shorter period of their estimated useful life or term of the lease.   Stock-Based Compensation - The Company measures stock-based compensation at the estimated fair value on the grant date and recognizes the amortization of stock-based compensation expense on a straight-line basis over the requisite service period, or when it is probable criteria will be achieved for performance-based awards. Fair value is determined based on assumptions related to the fair value of the Company common stock, stock volatility and risk-free rate of return. The Company has elected to recognize forfeitures when realized.   Excise Taxes - The Company is responsible for compliance with the Alcohol and Tobacco Tax and Trade Bureau (“TTB”) regulations, which includes making timely and accurate excise tax payments. The Company is subject to periodic compliance audits by the TTB. Individual states also impose excise taxes on alcoholic beverages in varying amounts. The Company calculates its excise tax expense based upon units produced and on its understanding of the applicable excise tax laws. Excise taxes totaled $10,282 and $19,501 for the three and nine months ended September 30, 2024.     Recently Issued Accounting Pronouncements - From time to time, new accounting pronouncements are issued by the FASB or other standard setting bodies that are adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that the effect of recently issued standards that are not yet effective will not have a material effect on its financial position or results of operations upon adoption.

v3.24.3

INVENTORY	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
INVENTORY	NOTE 3 - INVENTORY   Inventories primarily consist of bulk and bottled liquor and raw materials and are stated at the lower of cost or market. Cost is determined using an average costing methodology, which approximates cost under the FIFO method. A portion of the Company’s finished goods inventory is held in warehouses located in several states that maintain control over the alcohol beverage distribution process until it is sold into the retail distribution channel within those states. The Company regularly monitors inventory quantities on hand and records write-downs for excess and obsolete inventories based primarily on the Company’s estimated forecast of product demand and production requirements. Such write-downs establish a new cost basis of accounting for the related inventory.   Inventories consisted of the following:    SCHEDULE OF INVENTORY      September 30, 2024     December 31, 2023   Raw materials and packaging   $ 57,771     $ 78,352   Finished goods     130,859       122,855   Total inventories   $ 188,630     $ 201,207

v3.24.3

FIXED ASSETS, NET	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
FIXED ASSETS, NET	NOTE 4 – FIXED ASSETS, NET   Fixed assets, net consisted of the following:  SCHEDULE OF FIXED ASSETS, NET     September 30, 2024     December 31, 2023   Machinery and equipment   $ 672,865     $ 220,984   Furniture and office equipment     133,890       133,890   Vehicles     -       142,306   Buildings     10,497       10,497   Total Property and equipment     817,252       507,677   Less accumulated depreciation     (168,733 )     (10,787 ) Total property and equipment, net   $ 648,519     $ 496,890     On August 25, 2023, the Company entered an asset purchase agreement with an unrelated company, Dream Workz Automotive LLC, a Colorado limited liability company (“Dream Workz”). Pursuant to this agreement, the Company sold certain tangible manufacturing assets of ours to Dream Workz for a purchase price of $195,000 (the “Purchase Price”). The Purchase Price was paid in a combination of cash in the amount of $100,000 and a promissory note in the amount of $95,000 (the “Note”). The Note is unsecured and bears interest at the rate of 8% per annum commencing as of August 25, 2023. The Note matures on August 25, 2029 and is due in full at maturity   On January 31, 2024, the Company received assets under the second purchase agreement totaling $444,891. The assets are included in property and equipment on the Company’s consolidated balance sheet. The Company assumed the liability of $444,891 as part of the Exchange Agreement with RFS. The Exchange Agreement requires monthly payments through March 2030.   In May 2024, the Company entered into two bill of sale agreements to sell two vehicles to Keith Mort, the former owner of RFS. Mr. Mort assumed the loans associated with the two vehicles with a net book value of $130,492 and an aggregate principal balance of $72,592 at the time of sale, and the Company recognized a loss on disposal of $57,900 during the nine months ended September 30, 2024.     Depreciation expense totaled $61,071 and $124,892 for the three and nine months ended September 30, 2024, respectively.

v3.24.3

INTANGIBLE ASSETS, NET	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS, NET	NOTE 5 – INTANGIBLE ASSETS, NET   Intangible assets, net consisted of the following:  SCHEDULE OF INTANGIBLE ASSETS, LESS ACCUMULATED AMORTIZATION     September 30, 2024     December 31, 2023   Trade names and license, 10 year estimated useful life   $ 359,500     $ 359,500   Developed technology, 15 year estimated useful life     140,000       140,000   Customer relationships, 10 year estimated useful life     120,000       120,000   Total intangible assets     619,500       619,500   Less accumulated amortization     (46,643 )     (4,339 ) Total intangible assets, net   $ 572,857     $ 615,161     Total amortization expense for the three and nine months ended September 30, 2024 was $14,102 and $42,304, respectively. Total amortization expense for the three and nine months ended September 30, 2023 was $636. The Company expects to recognize amortization expense of $56,432 annually in each of the next five years.   On February 5, 2024, the Company, through its wholly owned subsidiary, Two Trees Beverages, entered into a new 15-year license agreement with Shine Time, LLC, licensing territories for Tim Smith Spirits® expanding its territories beyond the United States to include all members of the European Union, the United Kingdom, Norway, Switzerland, Iceland, Serbia, Turkey and Ukraine. The Company agreed to pay a royalty of 9% on branded products covered by the license agreement, or 4.5% of any sublicensed revenue under the agreement. During the nine months ended September 30, 2024, the Company paid $79,688 to Shine Time, LLC pursuant to the license agreement. An additional $112,500 was due under the terms of the license agreement by April 1, 2024. As of the filing date of this Quarterly Report on Form 10-Q, the Company has not paid such amount. The Company also agreed to issue to Shine Time, LLC 300,000 shares of the Company’s common stock with a fair value of $15,000. Such shares have not been issued as of the date of this report.

v3.24.3

NOTE RECEIVABLE	9 Months Ended
	Sep. 30, 2024
Note Receivable
NOTE RECEIVABLE	NOTE 6 – NOTE RECEIVABLE   During the year ended December 31, 2023, the Company sold certain fixed assets for $195,000. At the time of the sale $100,000 cash proceeds were received and the Company received a note receivable for $95,000. The net book value of the asset at the time of sale was $26,145. A gain of $168,855 was recorded in the year ended December 31, 2023, for the sale of equipment. The note is payable in full at maturity on August 25, 2029, and accrues interest at the rate of 8% per year. The note receivable balance as of September 30, 2024 is $103,233 and the Company recognized interest income of $5,700 for the nine months ended September 30, 2024. The note receivable balance as of December 31, 2023, was $97,533, including interest of $2,533.

v3.24.3

ACQUISITIONS	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
ACQUISITIONS	NOTE 7 - ACQUISITIONS   Two Trees   The Company closed the Merger on the Merger Closing Date pursuant to the Merger Agreement. Pursuant to the terms of the Merger Agreement, on the Merger Closing Date of the Merger, the Company issued 60,000,000 shares of its common stock, $0.001 par value per share, (the “Company Common Stock”) which was apportioned among the Two Trees stockholders, pro rata, based on the number of shares of Two Trees common stock, par value $0.0001 per share (the “Two Trees Common Stock”) held by each of the Two Trees stockholders as of the closing of the Merger (the “Merger Consideration”). Upon completion of the Merger, all 12,045,277 shares of Two Trees common stock were cancelled in exchange for the right of the Two Trees stockholders to receive the Merger Consideration. Each share of common stock of Merger Sub issued and outstanding immediately prior to the effective time of the Merger was converted into and exchanged for one validly issued, fully paid and nonassessable share of common stock, $0.001 par value per share, of Two Trees as the surviving corporation.     RF Specialties   On December 27, 2023, the Company completed the acquisition of RFS and the Exchange and issued to Mr. Mort 7,500,000 shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”). Immediately following the completion of the Exchange, RFS became a wholly owned subsidiary of the Company.   Unaudited Pro Forma Financial Information   The following table sets forth the pro-forma consolidated results of operations for the three and nine months ended September 30, 2024 and 2023 as if the Exchange agreement with RF Specialties and the Merger agreement with Two Trees occurred on January 1, 2023. The pro forma results of operations are presented for informational purposes only and are not indicative of the results of operations that would have been achieved if the acquisitions had taken place on the dates noted above, or of results that may occur in the future.  SCHEDULE OF UNAUDITED PROFORMA A FINANCIAL INFORMATION     2024     2023     2024     2023       Three Months ended September 30,     Nine Months ended September 30,       2024     2023     2024     2023   Revenue   $ 1,058,707     $ 473,906     $ 2,015,261     $ 1,763,910   Operating income (loss)     162,930       (552,810 )     (843,775 )     (1,186,139 ) Net income (loss)     157,024       (404,301 )     (909,480 )     (1,033,728 ) Net income (loss) per common share   $ 0.00     $ (0.00 )     (0.00 )     (0.01 ) Weighted average common shares outstanding     201,065,672       193,143,163       200,470,538       191,577,691     Asset purchase agreements   Prior to its acquisition by the Company on December 27, 2023, RFS entered into two asset purchase agreements to acquire certain tools and equipment. The Company received assets under one agreement in December 2023, totaling $97,363. The assets are included in property and equipment on the Company’s consolidated balance sheet. The Company assumed the liability of $88,674 as part of the Exchange Agreement with RFS. The agreement requires monthly payments through October 2026.   On January 31, 2024, the Company received assets under the second purchase agreement totaling $444,891. The assets are included in property and equipment on the Company’s consolidated balance sheet. The Company assumed the liability of $444,891 as part of the Exchange Agreement with RFS. The agreement requires monthly payments through March 2030.   As of September 30, 2024 and December 31, 2023, the Company owed $383,877 and $88,674 under the notes payable, respectively.

v3.24.3

ADVANCES PAYABLE	9 Months Ended
	Sep. 30, 2024
Advances Payable
ADVANCES PAYABLE	NOTE 8 - ADVANCES PAYABLE   The Company received advances aggregating $104,204 from two non-related parties during the year ended December 31, 2022 to cover legal, accounting, and other various public company related operating expenses. The advances are unsecured, non-interest bearing and are due on demand. During the year ended December 31, 2023, the Company repaid $104,204 in cash of the advances. The balance as of September 30, 2024 and December 31, 2023 is $0.   During the nine months ended September 30, 2024 and 2023, the Company repaid $0 and $19,449 in cash of the advances, respectively.

v3.24.3

NOTES PAYABLE	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTE 9 - NOTES PAYABLE   The Company has the following outstanding notes payable:  SCHEDULE OF NOTES PAYABLE Loans   Origination Date     Interest Rate     Balance as of September 30, 2024     Balance as of December 31, 2023   Asset purchase agreement notes     December 1, 2023       0.00 %   $ 383,877     $ 88,674   Termination Agreement     December 31, 2021       0.13 %     21,584       21,584   Chrichton House Holdings, LLC     Due on demand       10.00 %     115,000       -   Toohey Holdings     Due on demand       10.00 %     5,500       -   Loan Payable - Mercedes     September 19, 2022       6.79 %     -       60,008   Loan Payable - Dodge     June 18, 2022       0.00 %     -       18,968   Total                   $ 525,961     $ 189,234     The following is a summary of the future minimum payments of loans payable:  SCHEDULE OF LOANS PAYABLE FUTURE MINIMUM PAYMENTS Twelve Months Ending       September 30,       2025   $ 264,967   2026     96,731   2027     67,898   2028     51,274   2029 and Thereafter     45,091   Total loans payable   $ 525,961     In May 2024, the Company entered into two bill of sale agreements to sell two vehicles to Keith Mort, the former owner of RFS. Mr. Mort assumed the loans associated with the two vehicles with a net book value of $130,492 and an aggregate principal balance of $72,592 at the time of sale, and the Company recognized a loss on disposal of $57,900 during the nine months ended September 30, 2024.   During the nine ended September 30, 2024, the Company received a total of $120,500 in proceeds from two shareholders. The advances are unsecured, due on demand and have stated interest of 10% per annum. As of September 30, 2024, the balance owed on the advances from shareholders was $120,500.   Interest expense of $7,806 and $4,232 was recorded in the three months ended September 30, 2024, and 2023, respectively. Interest expense of $17,405 and $9,908 was recorded in the nine months ended September 30, 2024, and 2023, respectively.   Accrued interest on notes payable as of September 30, 2024 and December 31, 2023, was $6,454 and $0, respectively.

v3.24.3

CAPITAL STOCK	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
CAPITAL STOCK	NOTE 10 - CAPITAL STOCK   Common stock   The Company is authorized to issue 300,000,000 shares of common stock, $0.001 par value, with such designations, rights and preferences as may be determined from time to time by the Board of Directors.   As of September 30, 2024 and December 31, 2023, there were 202,044,872 and 198,724,868 shares issued and outstanding, respectively.   During the nine months ended September 30, 2024, the Company sold a total of 4,620,004 shares of common stock to accredited investors for total cash proceeds of $640,000, with 1,000,000 of these shares of common stock not yet issued as of September 30, 2024.   As part of the license agreement disclosed in Note 4, the Company agreed to issue 300,000 restricted shares of common stock with a fair value of $15,000. The shares have not been issued to date, and the fair value is included in subscriptions payable on the Company’s consolidated balance sheet.   During the period ended September 30, 2023, the Company issued a total of 5,231,310 shares of common stock to accredited investors for total cash proceeds of $392,349.     Preferred stock   The Company is authorized to issue 10,000,000 shares of preferred stock, $0.001 par value, with such designations, rights and preferences as may be determined from time to time by the Board of Directors, of which 10,000,000 shares are designated Series A Convertible Preferred.   On June 15, 2014, the Company designated the Series A Convertible Preferred so that each share shall hold with it conversion rights of 100 shares of common stock for every share of Series A Preferred stock held, and that each share of Series A Preferred stock will also hold with it the same number of common share votes prior to conversion as it would if fully converted to be used in voting on any company matter requiring a vote of shareholders. At September 30, 2024 and December 31, 2023, there were 8,957,500 shares issued and outstanding.   Warrants   The following table represents warrant activity during the nine months ended September 30, 2024:   SCHEDULE OF WARRANT ACTIVITY     Number of Options     Weighted Average Exercise Price                 Outstanding at December 31, 2023     17,262,656     $ 1.50   Granted     -       -   Forfeited, cancelled     -       -   Outstanding at September 30, 2024     17,262,656     $ 1.50   Exercisable at September 30, 2024     17,262,656     $ 1.50     The warrants had a weighted average remaining life of 3.90 years and no intrinsic value as of September 30, 2024.   Stock Options   The following is a summary of activity of outstanding stock options during the nine months ended September 30, 2024:   SCHEDULE OF ACTIVITY OF OUTSTANDING STOCK OPTIONS            Weighted             Average       Number     Exercise       of Options     Prices   Balance, December 31, 2023     4,650,685     $ 0.36   Granted     -       -   Cancelled     -       -   Balance, September 30, 2024     4,650,685     $ 0.36   Exercisable, September 30, 2024     4,650,685     $ 0.36     The options had a weighted average remaining life of 9.19 years and no intrinsic value as of September 30, 2024.

v3.24.3

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 11 – COMMITMENTS AND CONTINGENCIES   In the ordinary course of business, the Company may become a party to lawsuits involving various matters. The impact and outcome of litigation, if any, is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm its business. The Company believes the ultimate resolution of any such current proceeding will not have a material adverse effect on our continued financial position, results of operations or cash flows.   On April 22, 2024, the Company entered into a broker agreement with a third party. Under the agreement, the Company will pay a monthly fee of $1,500, and a commission of 12% of any revenue from customers introduced by the broker, less any promotional expenses incurred by the Company. The agreement is cancellable by either party with 60 days’ notice, and in the event of termination, the commissions shall continue for a period of one year from the termination date.

v3.24.3

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 12 - RELATED PARTY TRANSACTIONS   On January 1, 2024, the Company entered into a short-term loan agreement with an existing shareholder for $25,000 in cash proceeds. The loan included interest of 10% and was repaid in full in March 2024.   During the nine months ended September 30, 2024, the Company received a total of $120,500 in proceeds from shareholders. The advances are unsecured, due on demand and have stated interest of 10% per annum. As of September 30, 2024, the balance owed on the advances from shareholders was $120,500.   In May 2024, the Company entered into two bill of sale agreements to sell two vehicles to Keith Mort, the former owner of RFS. Mr. Mort assumed the loans associated with the two vehicles with a net book value of $130,492 and an aggregate principal balance of $72,592 at the time of sale, and the Company recognized a loss on disposal of $57,900 during the nine months ended September 30, 2024.

v3.24.3

LEASES	9 Months Ended
	Sep. 30, 2024
Leases
LEASES	NOTE 13 – LEASES   The Company maintains an operating lease for its office space and operating facility. The lease has a remaining term of 80 months. The Company determines if an arrangement is a lease at inception. As the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate based on information available at commencement to determine the present value of the lease payments. The Company used a weighted average incremental borrowing rate of 8.4% Right-of-use assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Leases with an initial term of 12 months or less (“short-term leases”) are not recorded on the balance sheet and are recognized on a straight-line basis over the lease term. As of September 30, 2024, the amount of right-of-use assets and lease liabilities were $1,011,233 and $1,102,698, respectively. As of December 31, 2023, the amount of right-of-use assets and lease liabilities were $1,105,152 and $1,162,090, respectively. Aggregate lease expense for the three and nine months ended September 30, 2024, was $82,597 and $231,741, respectively.   The following table provides the maturities of lease liabilities at September 30, 2024:  SCHEDULE OF MATURITIES LEASE LIABILITIES     Operating Lease     Remaining Term in Years   2025     160,125           2026     314,613           2027     219,112           2028     176,088           2029     182,132           thereafter     283,783           Total lease payments     1,335,853           Less: imputed interest     (233,155 )         Present value of lease liability     1,102,698       2.54

v3.24.3

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14 - SUBSEQUENT EVENTS   On November 7, 2024, by written consent of the Board of Directors, dated November 6, 2024, the Company executed individual Employment Agreements with Steven Laker, Chief Executive Officer and Chief Financial Officer of the Company, and James Cassidy, Chairman of the Board of Directors of the Company.   On November 7, 2024, the Company agreed to purchased 8,957,000 shares of Series A Convertible Preferred Stock, representing all of the issued and outstanding shares of Series A Convertible Preferred Stock of the Company from, Tradition Reserve I LLC, a New York limited liability company, in exchange for $10.00. The result of the purchase leaves no Series A Convertible Preferred Stock issued and outstanding.   Subsequent to September 30, 2024, the Company issued 700,000 shares of common stock in exchange for cash proceeds of $105,000.   Subsequent to September 30, 2024, the Company issued 1,000,000 shares of common stock related to shares sold for cash during the period ended September 30, 2024.

v3.24.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation - The accompanying interim unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and should be read in conjunction with the financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2023, which was filed with the Securities and Exchange Commission (“SEC”) on June 28, 2024. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been omitted from this Quarterly Report on Form 10-Q pursuant to the rules and regulations of the SEC.     Results for the interim periods in this report are not necessarily indicative of future financial results and have not been audited by our independent registered public accounting firm. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments necessary to present fairly our interim financial statements as of September 30, 2024, and for the three and nine months ended September 30, 2024 and 2023. These adjustments are of a normal recurring nature and consistent with the adjustments recorded to prepare the annual audited consolidated financial statements as of December 31, 2023.   The accompanying interim unaudited consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Two Trees Beverage, Prost Beverage Co, Radio Aged Beer LLC, RF Kettle Company LLC, Two Trees Distilling, RAS LLC (collectively referred to as “Two Trees”) and RFS. All intercompany accounts, transactions and balances have been eliminated in consolidation.
Use of Estimates and Assumptions	Use of Estimates and Assumptions - The preparation of financial statements in accordance with U.S. GAAP requires the Company’s 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 consolidated financial statements and the reported amounts of expenses during the reporting period. Actual results can, and in many cases will, differ from those estimates.
Accounts Receivable and the Allowances for Credit Losses	Accounts Receivable and the Allowances for Credit Losses - Accounts receivable are recorded in the period when the right to receive payment or other consideration becomes unconditional. Accounts receivable are recorded at the invoiced amount and do not earn interest. The Company maintains an allowance for credit losses based upon the best estimate of probable credit losses in existing accounts receivable. The Company determines the allowance based upon individual accounts when information indicates the customers may have an inability to meet their financial obligations, as well as historical collection and write-off experience. The Company had an accounts receivable balance of $209,200, net of $89,202 allowance for doubtful accounts, as of September 30, 2024. The Company had an accounts receivable balance of $106,734, net of $51,967 allowance for doubtful accounts, as of December 31, 2023. As of September 30, 2024, the Company had two customers that accounted for 18% and 11%, respectively, of total accounts receivable. As of December 31, 2023, the Company had three customers that accounted for 25%, 17%, and 10%, respectively, of total accounts receivable.
Fair value of financial instruments	Fair value of financial instruments - The Company measures its financial and non-financial assets and liabilities, as well as makes related disclosures, in accordance with the Financial Accounting Standards Board’s (the “FASB”) Accounting Standards Codification (“ASC”) No. 820, Fair Value Measurement (“ASC 820”), which provides guidance with respect to valuation techniques to be utilized in the determination of fair value of assets and liabilities. Approaches include, (i) the market approach (comparable market prices), (ii) the income approach (present value of future income or cash flow), and (iii) the cost approach (cost to replace the service capacity of an asset or replacement cost). ASC 820 utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels:   Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.   Level 2: Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.   Level 3: Unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one more significant inputs or significant value drivers are unobservable.   The carrying values of the Company’s accounts payable and accrued liabilities, advances payable, and convertible notes payable, approximate their fair value due to their short-term nature.
Going Concern	Going Concern - These interim unaudited consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future. As reflected in the accompanying unaudited financial statements, the Company had a net loss of $909,480 and negative cash flows from operations of $662,693 for the nine months ended September 30, 2024 and an accumulated deficit of $1,648,868 as of September 30, 2024. Although management believes that it will be able to successfully execute a business combination, which includes third party financing and the raising of capital to meet the Company’s future liquidity needs, there can be no assurances in this regard. These matters raise substantial doubt about the Company’s ability to continue as a going concern.
Revenue Recognition	Revenue Recognition - Net sales from Two Trees include liquor and related products, less excise taxes and customer programs and incentives. Sales from RFS include product and services related to sustainable Radio Frequency applications to a wide range of industries including structural engineering, food & beverage, and manufacturing. The Company recognizes revenue by applying the following steps in accordance with ASC Topic 606 – Revenue from Contracts with Customers: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied.   The Company recognizes sales when merchandise is shipped from a warehouse directly to wholesale customers (except in the case of a consignment sale). For consignment sales, which include sales to the Oregon Liquor Control Commission, the Company recognizes sales upon the consignee’s shipment to the customer. Postage and handling charges billed to customers are also recognized as sales upon shipment of the related merchandise. Shipping terms are generally FOB shipping point, and title passes to the customer at the time and place of shipment or purchase by customers at a retail location. For consignment sales, title passes to the consignee concurrent with the consignee’s shipment to the customer. The customer has no cancellation privileges after shipment or upon purchase at retail locations, other than customary rights of return. For service revenue within the Company’s radio frequency applications, the Company recognizes revenue as the services are provided to the customer over the length of the contract. The Company’s contracts typically have a single performance obligation, and do not contain a significant financing component.   The Company recognizes deferred revenue for performance obligations not yet satisfied. As of September 30, 2024 and December 31, 2023, the Company had $0 and $52,779, respectively, in unsatisfied performance obligations related to liquor sales that it expects to satisfy over the next 12 months.   During the three and nine months ended September 30, 2024, the Company’s revenue consisted of revenues from liquor sales from Two Trees, and service and product income from RFS. There were no revenues during the three and nine months ended September 30, 2023.   For the three months ended September 30, 2024, the Company had one customer that accounted for 24% of total revenue, respectively. For the nine months ended September 30, 2024, the Company had one customer who accounted for 27% of total revenue.
Inventory	Inventory - Inventories primarily consist of bulk and bottled liquor and raw materials and are stated at the lower of cost or market. Cost is determined using an average costing methodology, which approximates cost under the first-in, first-out (“FIFO”) method. A portion of the Company’s finished goods inventory is held in warehouses located in several states that maintain control over the alcohol beverage distribution process until it is sold into the retail distribution channel within those states. The Company regularly monitors inventory quantities on hand and records write-downs for excess and obsolete inventories based primarily on the Company’s estimated forecast of product demand and production requirements. Such write-downs establish a new cost basis of accounting for the related inventory.
Intangible Assets	Intangible Assets - Intangible assets, consisting of trade names, developed technology, and customer relationships, are accounted for in accordance with ASC 350 Intangibles - Goodwill and Other. Intangible assets that have finite lives are amortized using the straight-line method over their estimated useful lives of three to fifteen years.
Goodwill	Goodwill - Goodwill represents the excess of acquisition cost over the fair value of the net tangible and intangible assets acquired. Goodwill is not amortized and is subject to annual impairment testing on or between annual tests if an event or change in circumstance occurs that would more likely than not reduce the fair value of a reporting unit below its carrying value. In testing for goodwill impairment, the Company has the option to first assess qualitative factors to determine whether the existence of events or circumstances lead to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events and circumstances, the Company concludes that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, it can conclude the assessment. If the Company concludes otherwise, the Company is required to perform a quantitative analysis to determine the amount of impairment. A quantitative analysis is performed at the reporting unit level by comparing the estimated fair value of a reporting unit with its respective carrying value to determine the amount of impairment, if any. The Company has determined that it has one reporting unit. During the three and nine months ended September 30, 2024, no impairment expense was recognized. During the year ended December 31, 2023, no impairment expense was recognized.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets - Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair market value of the assets. During the three and nine months ended September 30, 2024, no impairment expense was recognized. During the year ended December 31, 2023, no impairment expense was recognized.
Leases	Leases - Management determines if an arrangement is a lease at the inception of the agreement. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liability on the accompanying consolidated balance sheet. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.   ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. The operating lease ROU assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. The Company uses the rate implicit in the lease agreement, when available, or a discount rate based on the information available at the commencement date in determining the present value of lease payments. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option.
Property and Equipment	Property and Equipment - Property and equipment are recorded at cost. Depreciation of property and equipment is calculated on a straight-line basis over the estimated useful lives of the assets. Furniture and fixture assets are depreciated over five years, vehicles are depreciated over five years, and computer and equipment are depreciated over three years. Expenditures for renewals and betterments that extend the useful lives of or improve existing property or equipment are capitalized. Expenditures for maintenance and repairs are expensed as incurred. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets as follows:  SCHEDULE OF PROPERTY AND EQUIPMENT  Category   Estimated Useful Lives Machinery and equipment   3-7 years Vehicles   5 years Furniture & Fixtures   5 years Computers   3 years   Leasehold improvements are depreciated over the shorter period of their estimated useful life or term of the lease.
Stock-Based Compensation	Stock-Based Compensation - The Company measures stock-based compensation at the estimated fair value on the grant date and recognizes the amortization of stock-based compensation expense on a straight-line basis over the requisite service period, or when it is probable criteria will be achieved for performance-based awards. Fair value is determined based on assumptions related to the fair value of the Company common stock, stock volatility and risk-free rate of return. The Company has elected to recognize forfeitures when realized.
Excise Taxes	Excise Taxes - The Company is responsible for compliance with the Alcohol and Tobacco Tax and Trade Bureau (“TTB”) regulations, which includes making timely and accurate excise tax payments. The Company is subject to periodic compliance audits by the TTB. Individual states also impose excise taxes on alcoholic beverages in varying amounts. The Company calculates its excise tax expense based upon units produced and on its understanding of the applicable excise tax laws. Excise taxes totaled $10,282 and $19,501 for the three and nine months ended September 30, 2024.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements - From time to time, new accounting pronouncements are issued by the FASB or other standard setting bodies that are adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that the effect of recently issued standards that are not yet effective will not have a material effect on its financial position or results of operations upon adoption.

v3.24.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
SCHEDULE OF PROPERTY AND EQUIPMENT	SCHEDULE OF PROPERTY AND EQUIPMENT  Category   Estimated Useful Lives Machinery and equipment   3-7 years Vehicles   5 years Furniture & Fixtures   5 years Computers   3 years

v3.24.3

INVENTORY (Tables)	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
SCHEDULE OF INVENTORY	Inventories consisted of the following:    SCHEDULE OF INVENTORY      September 30, 2024     December 31, 2023   Raw materials and packaging   $ 57,771     $ 78,352   Finished goods     130,859       122,855   Total inventories   $ 188,630     $ 201,207

v3.24.3

FIXED ASSETS, NET (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
SCHEDULE OF FIXED ASSETS, NET	Fixed assets, net consisted of the following:  SCHEDULE OF FIXED ASSETS, NET     September 30, 2024     December 31, 2023   Machinery and equipment   $ 672,865     $ 220,984   Furniture and office equipment     133,890       133,890   Vehicles     -       142,306   Buildings     10,497       10,497   Total Property and equipment     817,252       507,677   Less accumulated depreciation     (168,733 )     (10,787 ) Total property and equipment, net   $ 648,519     $ 496,890

v3.24.3

INTANGIBLE ASSETS, NET (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF INTANGIBLE ASSETS, LESS ACCUMULATED AMORTIZATION	Intangible assets, net consisted of the following:  SCHEDULE OF INTANGIBLE ASSETS, LESS ACCUMULATED AMORTIZATION     September 30, 2024     December 31, 2023   Trade names and license, 10 year estimated useful life   $ 359,500     $ 359,500   Developed technology, 15 year estimated useful life     140,000       140,000   Customer relationships, 10 year estimated useful life     120,000       120,000   Total intangible assets     619,500       619,500   Less accumulated amortization     (46,643 )     (4,339 ) Total intangible assets, net   $ 572,857     $ 615,161

v3.24.3

ACQUISITIONS (Tables)	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
SCHEDULE OF UNAUDITED PROFORMA A FINANCIAL INFORMATION	SCHEDULE OF UNAUDITED PROFORMA A FINANCIAL INFORMATION     2024     2023     2024     2023       Three Months ended September 30,     Nine Months ended September 30,       2024     2023     2024     2023   Revenue   $ 1,058,707     $ 473,906     $ 2,015,261     $ 1,763,910   Operating income (loss)     162,930       (552,810 )     (843,775 )     (1,186,139 ) Net income (loss)     157,024       (404,301 )     (909,480 )     (1,033,728 ) Net income (loss) per common share   $ 0.00     $ (0.00 )     (0.00 )     (0.01 ) Weighted average common shares outstanding     201,065,672       193,143,163       200,470,538       191,577,691

v3.24.3

NOTES PAYABLE (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
SCHEDULE OF NOTES PAYABLE	The Company has the following outstanding notes payable:  SCHEDULE OF NOTES PAYABLE Loans   Origination Date     Interest Rate     Balance as of September 30, 2024     Balance as of December 31, 2023   Asset purchase agreement notes     December 1, 2023       0.00 %   $ 383,877     $ 88,674   Termination Agreement     December 31, 2021       0.13 %     21,584       21,584   Chrichton House Holdings, LLC     Due on demand       10.00 %     115,000       -   Toohey Holdings     Due on demand       10.00 %     5,500       -   Loan Payable - Mercedes     September 19, 2022       6.79 %     -       60,008   Loan Payable - Dodge     June 18, 2022       0.00 %     -       18,968   Total                   $ 525,961     $ 189,234
SCHEDULE OF LOANS PAYABLE FUTURE MINIMUM PAYMENTS	The following is a summary of the future minimum payments of loans payable:  SCHEDULE OF LOANS PAYABLE FUTURE MINIMUM PAYMENTS Twelve Months Ending       September 30,       2025   $ 264,967   2026     96,731   2027     67,898   2028     51,274   2029 and Thereafter     45,091   Total loans payable   $ 525,961

v3.24.3

CAPITAL STOCK (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
SCHEDULE OF WARRANT ACTIVITY	The following table represents warrant activity during the nine months ended September 30, 2024:   SCHEDULE OF WARRANT ACTIVITY     Number of Options     Weighted Average Exercise Price                 Outstanding at December 31, 2023     17,262,656     $ 1.50   Granted     -       -   Forfeited, cancelled     -       -   Outstanding at September 30, 2024     17,262,656     $ 1.50   Exercisable at September 30, 2024     17,262,656     $ 1.50
SCHEDULE OF ACTIVITY OF OUTSTANDING STOCK OPTIONS	The following is a summary of activity of outstanding stock options during the nine months ended September 30, 2024:   SCHEDULE OF ACTIVITY OF OUTSTANDING STOCK OPTIONS            Weighted             Average       Number     Exercise       of Options     Prices   Balance, December 31, 2023     4,650,685     $ 0.36   Granted     -       -   Cancelled     -       -   Balance, September 30, 2024     4,650,685     $ 0.36   Exercisable, September 30, 2024     4,650,685     $ 0.36

v3.24.3

LEASES (Tables)	9 Months Ended
	Sep. 30, 2024
Leases
SCHEDULE OF MATURITIES LEASE LIABILITIES	The following table provides the maturities of lease liabilities at September 30, 2024:  SCHEDULE OF MATURITIES LEASE LIABILITIES     Operating Lease     Remaining Term in Years   2025     160,125           2026     314,613           2027     219,112           2028     176,088           2029     182,132           thereafter     283,783           Total lease payments     1,335,853           Less: imputed interest     (233,155 )         Present value of lease liability     1,102,698       2.54

v3.24.3

ORGANIZATION AND DESCRIPTION OF THE BUSINESS (Details Narrative) - USD ($)			3 Months Ended
	Feb. 13, 2023	Jan. 19, 2023	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Issuance of shares			$ 250,000	$ 390,000	$ 206,751	$ 100,000	$ 85,598
Common Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Issuance of shares			$ 1,220	$ 2,100	$ 2,757	$ 1,334	$ 1,141
Merger Agreement [Member] | Common Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Issuance of shares	$ 60,000,000
Exchange Agreement [Member] | Mr. Mort [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Issuance of shares		$ 7,500,000
Equity interest		100.00%

v3.24.3

SCHEDULE OF PROPERTY AND EQUIPMENT (Details)	Sep. 30, 2024
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	3 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	7 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	5 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	5 years
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	3 years

v3.24.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended		12 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Accounts receivable	$ 209,200						$ 209,200		$ 106,734
Allowance for doubtful accounts	89,202						89,202		51,967
Net loss	(157,024)	$ 764,115	$ 302,389	$ (35,491)	$ 69,752	$ 41,451	909,480	$ 75,712
Negative cash flows from operations							662,693	$ 266,815
Accumulated deficit	1,648,868						1,648,868		739,388
Deferred revenue	$ 0						$ 0		52,779
Estimated useful lives	5 years						5 years
Goodwill impairment expense	$ 0						$ 0		0
Impairment expense	0						0		$ 0
Excise taxes	$ 10,282						$ 19,501
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	5 years						5 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	5 years						5 years
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment estimated useful lives	3 years						3 years
Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years						3 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	15 years						15 years
Customer One [Member]
Property, Plant and Equipment [Line Items]
Accounts receivable percentage	18.00%						18.00%		25.00%
Customer Two [Member]
Property, Plant and Equipment [Line Items]
Accounts receivable percentage	11.00%						11.00%		17.00%
Customer Three [Member]
Property, Plant and Equipment [Line Items]
Accounts receivable percentage									10.00%
One Customer [Member]
Property, Plant and Equipment [Line Items]
Revenue recognition percentage	24.00%						27.00%

v3.24.3

SCHEDULE OF INVENTORY (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials and packaging	$ 57,771	$ 78,352
Finished goods	130,859	122,855
Total inventories	$ 188,630	$ 201,207

v3.24.3

SCHEDULE OF FIXED ASSETS, NET (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Total Property and equipment	$ 817,252	$ 507,677
Less accumulated depreciation	(168,733)	(10,787)
Total property and equipment, net	648,519	496,890
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total Property and equipment	672,865	220,984
Furniture and Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Total Property and equipment	133,890	133,890
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Total Property and equipment		142,306
Building [Member]
Property, Plant and Equipment [Line Items]
Total Property and equipment	$ 10,497	$ 10,497

v3.24.3

FIXED ASSETS, NET (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Aug. 25, 2023	May 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Jan. 31, 2024
Property, Plant and Equipment [Line Items]
Sale of property plant and equipment						$ 100,000	$ 100,000
Maturity date							Aug. 25, 2029
Property plant and equipment net			$ 648,519		648,519		$ 496,890
Net book value							$ 26,145
Loss on disposal of assets				$ 168,855	(54,000)	$ 168,855
Depreciation expense			$ 61,071		124,892
Second Purchase Agreements [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment net								$ 444,891
Second Purchase Agreements [Member] | RFS [Member]
Property, Plant and Equipment [Line Items]
Assumed liabilities								$ 444,891
Mr. Mort [Member] | Vehicles [Member]
Property, Plant and Equipment [Line Items]
Net book value		$ 130,492
Loss on disposal of assets		$ 72,592			$ 57,900
Dream Workz Automotive LLC [Member] | Purchase Agreement [Member]
Property, Plant and Equipment [Line Items]
Sale of property plant and equipment	$ 195,000
Consideration of cash	100,000
Notes payable	$ 95,000
Interest rate	8.00%
Maturity date	Aug. 25, 2029

v3.24.3

SCHEDULE OF INTANGIBLE ASSETS, LESS ACCUMULATED AMORTIZATION (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Impairment Effects on Earnings Per Share [Line Items]
Total intangible assets	$ 619,500	$ 619,500
Less accumulated amortization	(46,643)	(4,339)
Total intangible assets, net	572,857	615,161
Trade Names and License [Member]
Impairment Effects on Earnings Per Share [Line Items]
Total intangible assets	359,500	359,500
Developed Technology [Member]
Impairment Effects on Earnings Per Share [Line Items]
Total intangible assets	140,000	140,000
Customer Relationships [Member]
Impairment Effects on Earnings Per Share [Line Items]
Total intangible assets	$ 120,000	$ 120,000

v3.24.3

SCHEDULE OF INTANGIBLE ASSETS, LESS ACCUMULATED AMORTIZATION (Details) (Parenthetical)	Sep. 30, 2024
Impairment Effects on Earnings Per Share [Line Items]
Estimated useful life	5 years
Trade Names and License [Member]
Impairment Effects on Earnings Per Share [Line Items]
Estimated useful life	10 years
Developed Technology [Member]
Impairment Effects on Earnings Per Share [Line Items]
Estimated useful life	15 years
Customer Relationships [Member]
Impairment Effects on Earnings Per Share [Line Items]
Estimated useful life	10 years

v3.24.3

INTANGIBLE ASSETS, NET (Details Narrative) - USD ($)		3 Months Ended					9 Months Ended
	Feb. 05, 2024	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Apr. 01, 2024
Goodwill [Line Items]
Amortization expense		$ 14,102		$ 636			$ 42,304	$ 636
Recognize amortization expense							$ 56,432
Estimated useful life		5 years					5 years
Common Shares sold for cash		$ 250,000	$ 390,000	$ 206,751	$ 100,000	$ 85,598
License Agreement [Member]
Goodwill [Line Items]
Royalty percentage	9.00%
Sublicensed revenue percentage	4.50%
Number of shares issued	300,000
Common Shares sold for cash	$ 15,000
License Agreement [Member] | Shine Time LLC [Member]
Goodwill [Line Items]
Number of shares issued	300,000
License Agreement [Member] | Accounts Payable [Member]
Goodwill [Line Items]
License fees payable									$ 112,500
License Agreement [Member] | Selling, General and Administrative Expenses [Member]
Goodwill [Line Items]
License fees paid							$ 79,688

v3.24.3

NOTE RECEIVABLE (Details Narrative) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Note Receivable
Fixed assets			$ 195,000
Cash received from sale of fixed assets		$ 100,000	100,000
Note receivable			95,000
Net book value			26,145
Gain on sale of equipment			$ 168,855
Maturity date			Aug. 25, 2029
Interest rate			8.00%
Note receivable	103,233		$ 97,533
Interest receivable	$ 5,700		$ 2,533

v3.24.3

SCHEDULE OF UNAUDITED PROFORMA A FINANCIAL INFORMATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Revenue	$ 1,058,707	$ 473,906	$ 2,015,261	$ 1,763,910
Operating income (loss)	162,930	(552,810)	(843,775)	(1,186,139)
Net income (loss)	$ 157,024	$ (404,301)	$ (909,480)	$ (1,033,728)
Net income (loss) per common share, Basic	$ 0.00	$ (0.00)	$ (0.00)	$ (0.01)
Net income (loss) per common share, Diluted	$ 0.00	$ (0.00)	$ (0.00)	$ (0.01)
Weighted average common shares outstanding, Basic	201,065,672	193,143,163	200,470,538	191,577,691
Weighted average common shares outstanding, Diluted	201,065,672	193,143,163	200,470,538	191,577,691

v3.24.3

ACQUISITIONS (Details Narrative) - USD ($)	Jan. 31, 2024	Dec. 27, 2023	Dec. 08, 2023	Sep. 30, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Common stock par value				$ 0.001	$ 0.001
Assumed liabilities				$ 383,877	$ 88,674
Two Trees [Member] | Merger Agreement [Member]
Business Acquisition [Line Items]
Stock issued for acquisition			60,000,000
Common stock par value			$ 0.001
Two Trees [Member] | Merger Agreement [Member] | Common Stock [Member]
Business Acquisition [Line Items]
Common stock par value			$ 0.0001
Number of shares cancelled			12,045,277
RF Specialties [Member]
Business Acquisition [Line Items]
Stock issued for acquisition		7,500,000
Common stock par value		$ 0.001
RF Specialties [Member] | Two Asset Purchase Agreements [Member]
Business Acquisition [Line Items]
Assets acquired		$ 97,363
Assumed liabilities		$ 88,674
RF Specialties [Member] | Second Asset Purchase Agreements [Member]
Business Acquisition [Line Items]
Payments to acquire productive asset	$ 444,891
RF Specialties [Member] | One Asset Purchase Agreements [Member]
Business Acquisition [Line Items]
Assumed liabilities	$ 444,891

v3.24.3

ADVANCES PAYABLE (Details Narrative) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Proceeds from non-related party	$ 120,500
Repayments of advances	143,450
Advances payable current	0		$ 0
Repayments of advances payable		$ 19,449
Two Nonrelated Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Proceeds from non-related party				$ 104,204
Repayments of advances			$ 104,204

v3.24.3

SCHEDULE OF NOTES PAYABLE (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Short-Term Debt [Line Items]
Long term debt	$ 525,961	$ 189,234
Asset Purchase Agreement Note [Member]
Short-Term Debt [Line Items]
Origination date	Dec. 01, 2023	Dec. 01, 2023
Interest rate	0.00%	0.00%
Long term debt	$ 383,877	$ 88,674
Termination Agreement [Member]
Short-Term Debt [Line Items]
Origination date	Dec. 31, 2021	Dec. 31, 2021
Interest rate	0.13%	0.13%
Long term debt	$ 21,584	$ 21,584
Chrichton House Holdings LLC [Member]
Short-Term Debt [Line Items]
Interest rate	10.00%	10.00%
Long term debt	$ 115,000
Origination date description	Due on demand	Due on demand
Toohey Holdings [Member]
Short-Term Debt [Line Items]
Interest rate	10.00%	10.00%
Long term debt	$ 5,500
Origination date description	Due on demand	Due on demand
Loan Payable - Mercedes [Member]
Short-Term Debt [Line Items]
Origination date	Sep. 19, 2022	Sep. 19, 2022
Interest rate	6.79%	6.79%
Long term debt		$ 60,008
Loan Payable - Dodge [Member]
Short-Term Debt [Line Items]
Origination date	Jun. 18, 2022	Jun. 18, 2022
Interest rate	0.00%	0.00%
Long term debt		$ 18,968

v3.24.3

SCHEDULE OF LOANS PAYABLE FUTURE MINIMUM PAYMENTS (Details)	Sep. 30, 2024 USD ($)
Debt Disclosure [Abstract]
2025	$ 264,967
2026	96,731
2027	67,898
2028	51,274
2029 and Thereafter	45,091
Total loans payable	$ 525,961

v3.24.3

NOTES PAYABLE (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	May 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 23, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Net book value							$ 26,145
Loss on disposal of assets			$ 168,855	$ (54,000)	$ 168,855
Proceeds from shareholder				120,500
Interest expense, net		7,806	$ 4,232	17,405	$ 9,908
Accrued interest		$ 6,454		6,454			$ 0
Related Party [Member]
Property, Plant and Equipment [Line Items]
Net book value	$ 130,492
Proceeds from shareholder				$ 120,500
Interest rate		10.00%		10.00%		10.00%
Advances from shareholders				$ 120,500
Mr. Mort [Member] | Related Party [Member]
Property, Plant and Equipment [Line Items]
Loss on disposal of assets	72,592			57,900
Vehicles [Member] | Mr. Mort [Member]
Property, Plant and Equipment [Line Items]
Net book value	130,492
Loss on disposal of assets	$ 72,592			$ 57,900

v3.24.3

SCHEDULE OF WARRANT ACTIVITY (Details)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Equity [Abstract]
Number of options outstanding, beginning | shares	17,262,656
Weighted average exercise price outstanding, beginning | $ / shares	$ 1.50
Warrants granted | shares
Weighted average exercise price, Warrants granted | $ / shares
Warrants forfeited, cancelled | shares
Weighted average exercise price, Warrants forfeited, cancelled | $ / shares
Number of options outstanding, ending | shares	17,262,656
Weighted average exercise price outstanding, ending | $ / shares	$ 1.50
Number of options exercisable, ending | shares	17,262,656
Weighted average exercise price exercisable, ending | $ / shares	$ 1.50

v3.24.3

SCHEDULE OF ACTIVITY OF OUTSTANDING STOCK OPTIONS (Details)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Equity [Abstract]
Options outstanding, Beginning balance | shares	4,650,685
Weighted Average Exercise Price, Beginning balance | $ / shares	$ 0.36
Options, Granted | shares
Weighted Average Exercise Price, Granted | $ / shares
Options, Cancelled | shares
Weighted Average Exercise Price, Cancelled | $ / shares
Options outstanding, Ending balance | shares	4,650,685
Weighted Average Exercise Price, Ending balance | $ / shares	$ 0.36
Options outstanding Exercisable, Ending balance | shares	4,650,685
Weighted Average Exercise Price Exercisable, Ending balance | $ / shares	$ 0.36

v3.24.3

CAPITAL STOCK (Details Narrative) - USD ($)			3 Months Ended					9 Months Ended
	Feb. 05, 2024	Jun. 15, 2014	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Class of Stock [Line Items]
Common stock, shares authorized			300,000,000					300,000,000		300,000,000
Common stock, par value			$ 0.001					$ 0.001		$ 0.001
Common stock, shares outstanding			202,044,872					202,044,872		198,724,868
Shares sold of restricted common stock								4,620,004
Cash proceeds								$ 640,000
Shares not issued			1,000,000					1,000,000
Common Shares sold for cash			$ 250,000	$ 390,000	$ 206,751	$ 100,000	$ 85,598
Restricted shares issued									5,231,310
Restricted shares value									$ 392,349
Preferred stock, shares authorized			10,000,000					10,000,000		10,000,000
Preferred stock, par value			$ 0.001					$ 0.001		$ 0.001
Preferred stock, shares issued			8,957,500					8,957,500		8,957,500
Preferred stock, shares outstanding			8,957,500					8,957,500		8,957,500
Share based compensation, weighted average remaining life								3 years 10 months 24 days
Share based compensation, intrinsic value			$ 0					$ 0
Share based compensation stock option, weighted average remaining life								9 years 2 months 8 days
Share based compensation stock option, intrinsic value			$ 0					$ 0
Series A Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized			10,000,000					10,000,000
Preferred stock, terms of conversion, description		the Company designated the Series A Convertible Preferred so that each share shall hold with it conversion rights of 100 shares of common stock for every share of Series A Preferred stock held, and that each share of Series A Preferred stock will also hold with it the same number of common share votes prior to conversion as it would if fully converted to be used in voting on any company matter requiring a vote of shareholders.
License Agreement [Member]
Class of Stock [Line Items]
Number of shares issued	300,000
Common Shares sold for cash	$ 15,000

v3.24.3

COMMITMENTS AND CONTINGENCIES (Details Narrative) - Broker Agreement [Member]	Apr. 22, 2024 USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Broker fees	$ 1,500
Revenue from customers commission percentage	0.12

v3.24.3

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended		9 Months Ended
	Jan. 01, 2024	May 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 23, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Proceeds from shareholder					$ 120,500
Net book value								$ 26,145
Loss on disposal of assets				$ 168,855	(54,000)	$ 168,855
Related Party [Member]
Related Party Transaction [Line Items]
Proceeds from shareholder					$ 120,500
Interest rate			10.00%		10.00%		10.00%
Advances from shareholders					$ 120,500
Net book value		$ 130,492
Short Term Loan Agreement [Member] | Related Party [Member]
Related Party Transaction [Line Items]
Proceeds from shareholder	$ 25,000
Interest rate	10.00%
Mr. Mort [Member] | Related Party [Member]
Related Party Transaction [Line Items]
Loss on disposal of assets		$ 72,592			$ 57,900

v3.24.3

SCHEDULE OF MATURITIES LEASE LIABILITIES (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Leases
2025	$ 160,125
2026	314,613
2027	219,112
2028	176,088
2029	182,132
thereafter	283,783
Total lease payments	1,335,853
Less: imputed interest	(233,155)
Present value of lease liability	$ 1,102,698	$ 1,162,090
Remaining Terms in Years	2 years 6 months 14 days

v3.24.3

LEASES (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Leases
Operating lease right of use asset	$ 1,011,233	$ 1,011,233	$ 1,105,152
Operating lease liability	1,102,698	1,102,698	$ 1,162,090
Lease expense	$ 82,597	$ 231,741

v3.24.3

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Nov. 14, 2024	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Nov. 07, 2024	Dec. 31, 2023
Subsequent Event [Line Items]
Preferred stock, shares issued		8,957,500						8,957,500
Preferred stock, shares outstanding		8,957,500						8,957,500
Preferred stock, par value		$ 0.001						$ 0.001
Common shares sold for cash		$ 250,000	$ 390,000	$ 206,751	$ 100,000	$ 85,598
Common Stock [Member]
Subsequent Event [Line Items]
Stock issued during period, shares, new issues		1,220,004	2,100,000	2,756,679	1,333,333	1,141,298
Common shares sold for cash		$ 1,220	$ 2,100	$ 2,757	$ 1,334	$ 1,141
Subsequent Event [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Stock issued during period, shares, new issues	700,000
Common shares sold for cash	$ 105,000
Common stock related to shares sold for cash	1,000,000
Subsequent Event [Member] | Series A Convertible Preferred Stock [Member]
Subsequent Event [Line Items]
Preferred stock, shares issued							8,957,000
Preferred stock, shares outstanding							8,957,000
Preferred stock, par value							$ 10.00

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