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

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ 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 SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________to________

Commission File Number: 000-56457

Livento Group, Inc.

(Exact name of registrant as specified in its charter)

Nevada		46-3999052
(State of incorporation)		(I.R.S. Employer Identification No.)

17 State Street, Suite 4000, New York, NY 10004		+1(980)432-8241
(Address of principal executive offices)		(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

Securities registered under Section 12(b) of the Act:

Title of each class registered:		None
Name of each exchange on which registered:		None

Securities registered under Section 12(g) of the Act:

Title of each class registered:		Common Stock, par value $0.0001
Name of each exchange on which registered:		None

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. for such shorter period that the registrant was required to submit and post such files). ☒ Yes ☐ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of 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

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. ☐ Yes ☐ No

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as September 30, 2024: 776,264,852.

PART I—FINANCIAL INFORMATION

Item 1. Financial Statements

LIVENTO GROUP, INC., AND SUBSIDIARIES

Condensed Consolidated Balance Sheet

(Unaudited)

	As of Sep 30, 2024		As of December 31, 2023
ASSETS
Current Assets
Checking/Savings
Cash		2,641		30,634
Total Checking/Savings	$	2,641	$	30,634

Accounts Receivable		2,799,597		682,138

Other Current Assets
Other Accounts Receivable		417,831		355,001
Inventories		0		0
Total Other Current Assets	$	417,831	$	355,001

Total Current Assets	$	3,220,069	$	1,067,773

Long Term Assets
Long Term Investments		687,568		627,470
Property & Equipment		27,144		26,818
Goodwill		0		0
Intangible Assets		49,910,871		49,442,188
Other Assets		0		0
Deferred Long Term Asset Charges		0		0
Accumulated Amortization & Depreciation		(5,893,423)		(4,304,246)
Total Fixed Assets	$	44,732,160	$	45,792,230

TOTAL ASSETS	$	47,952,229	$	46,860,003

LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable		337,108		323,936
Credit Cards		0		0
Other Current Liabilities
Other Payables		259,125		85,665
Derivative Liabilities		0		0
Notes Payable		0		0
Payroll Liabilities		0		0
Related Parties Payable		0		0
Total Other Current Liabilities		259,125		85,665
Total Current Liabilities	$	596,233	$	409,602

Long-Term Liabilities
Co-Investments		3,472,020		3,402,020
Long-Term Business Loans		26,383		26,383
Total Long-Term Liabilities	$	3,498,403	$	3,428,403

Total Liabilities	$	4,094,636	$	3,838,005

Equity
Additional Paid in Capital		62,382,573		61,939,774
Capital Stock		0		0
Common Stock		77,626		81,280
Common Stock to Issue after AGM		0		0
Dividends Paid		0		0
Opening Balance Equity		0		0
Owner or member capital		0		0
Preferred Stock		39,039		13,881
Retained Earnings		(18,652,665)		(19,023,956)
Non-Controlling Interest		11,020		11,020
Total Equity	$	43,857,593	$	43,021,998

TOTAL LIABILITIES & EQUITY	$	47,952,229	$	46,860,003

The accompanying notes are an integral part of these condensed financial statement.

LIVENTO GROUP, INC., AND SUBSIDIARIES

Condensed Statements of Operations

(Unaudited)

	2024			2023			2024			2023
	Three Months ended Sep 30,						Nine Months ended Sep 30,
	2024			2023			2024			2023
ORDINARY ICOME/EXPENSE
Income
Revenues		527,588			586,643			1,392,916			1,509,294
Sales Discounts		0			0			0			0
Total Income	$	527,588		$	586,643		$	1,392,916		$	1,509,294

Cost of Goods Sold
Merchant Account Fees		0			0			0			0
Professional fees RTS		241,566			324,138			533,709			930,855
Amortization RTS		526,176			503,281			1,588,583			1,346,374
Total COGS	$	767,742		$	827,419		$	2,122,292		$	2,277,229

Gross Profit	$	(240,155	)	$	(240,776	)	$	(729,377	)	$	(767,935	)

Expense
Advertising & marketing		37,385			283,907			42,311			315,372
Computer and Internet Expenses		0			0			0			0
Bank Charges		4,755			3,421			8,756			6,629
Commissions & fees		3,941			6,565			3,941			62,695
Contract labor		3,666			184,787			57,814			445,162
Contractors		146			2,105			3,832			2,602
General business expenses		3,820			7,341			9,270			20,711
Interest paid		6,188			0			20,587			0
Insurance		0			20			0			1,040
Legal & accounting services		9,917			45,703			41,051			80,400
Professional Fees		733			26,591			1,333			209,563
Office expenses		3,902			2,526			8,937			4,850
Payroll expenses		(5,000)			46,368			46,012			144,632
Rent		1,684			701			3,750			4,435
Travel		1,176			2,502			3,872			19,238
Uncategorized Expense		6			8			165			131
Stock based compensation		97,510			327,340			100,760			4,053,961
Taxes paid		0			175			0			1,415
Total Expense	$	169,829		$	940,059		$	352,390		$	5,372,836

Net Ordinary Income	$	(409,984	)	$	(1,180,835	)	$	(1,081,767	)	$	(6,140,771)

Other Income/Expense
Other Income		56			56			1,490,203			56
Other Expense		0			(242	)		0			(231	)
Net Other Income	$	56		$	298		$	1,490,203		$	287

Net loss	$	(409,929	)	$	(1,180,537	)	$	408,436		$	(6,140,484	)

Net loss per share - basic and diluted		-			-			-			-

Weighted average number of common shares outstanding, basic and diluted		-			-			-			-

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

LIVENTO GROUP, INC., AND SUBSIDIARIES

Condensed Consolidated Statements of Comprehensive Loss

	2024			2023			2024			2023
	Three Months ended Sep 30,						Nine Months ended Sep 30,
	2024			2023			2024			2023
Net loss		(409,929	)		(1,180,537	)		408,436			(6,140,484	)
Other comprehensive income (loss):		992			488			2,934			2,335
Foreign currency translation adjustments		(31,915	)		(12,413	)		(4,792	)		(44,584	)
Total comprehensive loss	$	(440,851	)	$	(1,192,462	)	$	406,577		$	(6,182,732	)

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

LIVENTO GROUP, INC., AND SUBSIDIARIES

Condensed Consolidated StatementS of Shareholders’ Equity

	Shares		Amount		Shares		Amount		Capital		Deficit			Interest		Equity
	Preferred Stock Shares				Ordinary Shares				Additional Paid in		Accumulated			Non- Controlling		Total
	Shares		Amount		Shares		Amount		Capital		Deficit			Interest		Equity
Balance at January 1, 2023		1,415,867		2,234		227,001,268		22,700		32,493,023		(12,450,797	)		0		20,067,160
Change in Preferred shares		3,176,598		7,289													7,289
Change in Ordinary shares						531,924,854		53,192									53,192
Change in Additional Paid in Capital										28,728,646							28,728,646
Change in Accumulated Deficit												(6,185,068	)				(6,185,068	)
Change in Non-Controlling Interest															11,020		11,020
Balance at September 30, 2023		4,592,465		9,523		758,926,122		75,893		61,221,669		(18,635,864	)		11,020		42,682,240

	Preferred Stock Shares				Ordinary Shares						Additional Paid in		Accumulated			Non- Controlling		Total
	Shares		Amount		Shares			Amount			Capital		Deficit			Interest		Equity
Balance at January 1, 2024		4,994,194		13,881		812,799,962			81,280			61,939,774		(19,023,956	)		11,020		43,021,998
Change in Preferred shares		3,406,841		25,158															25,158
Change in Ordinary shares						(36,535,110	)		(3,654	)									(3,654	)
Change in Additional Paid in Capital												442,799							442,799
Change in Accumulated Deficit														371,291					371,291
Change in Non-Controlling Interest																	-		0
Balance at September 30, 2024		8,401,035		39,039		776,264,852			77,626			62,382,573		(18,652,665	)		11,020		43,857,593

Preferred Stock Shares

Ordinary Shares

Additional Paid in

Accumulated

Non-Controlling

Total

Amount

Capital

Deficit

Interest

Equity

Balance at Jun 30, 2023

1,979,188

8,431

686,486,378

29,490

60,325,425

(17,423,156

)

11,020

42,951,210

Change in Preferred shares

2,613,277

1,092

Change in Ordinary shares

72,439,744

46,403

Change in Additional Paid in Capital

896,243

Change in Accumulated Deficit

(1,212,708

)

(1,212,708

)

Change in Non-Controlling Interest

Balance at September 30, 2023

4,592,465

9,523

758,926,122

75,893

61,221,669

(18,635,864

)

11,020

42,682,240

Preferred

Stock Shares

Ordinary Shares

Additional Paid in

Accumulated

Non-Controlling

Total

Amount

Capital

Deficit

Interest

Equity

Balance at June

30, 2024

5,045,230

15,381

831,200,562

83,120

62,085,377

(18,500,650)

11,020

43,694,247

Change in Preferred shares

3,355,805

23,658

Change in Ordinary shares

(54,935,710)

(5,494)

Change in Additional Paid in Capital

297,197

Change in Accumulated Deficit

(152,015)

Change in Non-Controlling Interest

Balance at September 30, 2024

8,401,035

39,039

776,264,852

77,626

62,382,573

(18,652,665)

11,020

43,857,593

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

LIVENTO GROUP, INC., AND SUBSIDIARIES

Condensed Statement of Cash Flow

	2024		2023			2024		2023
	Three Months ended Sep 30,					Nine Months ended Sep 30,
	2024		2023			2024		2023
OPERATING ACTIVITIES
Net Income		(409,929)		(1,180,537	)		408,436		(6,140,484)
Adjustments to reconcile Net Income to net cash provided by operations:
Amortization		25,235		(32,415			(2,833)		(21,617)
Stock based compensation		529,558		500,665			1,589,178		1,344,450
Foreign currency translation adjustments		97,510		327,340			100,760		4,053,961
Changes in operating assets and liabilities:
Accounts Receivable		(22,002)		(160,293			(2,117,459)		134,175
Accounts Payable		(29,443)		298,119			13,172		439,020
Other Current Assets		32,612		(47,106			(63,500)		(68,171)
Other Current Liabilities		58,850		75,887			223,580		61,890
Total Adjustments to reconcile Net Income to Net Cash provided by operations:		692,321		962,198			(257,102)		5,943,708
Net cash provided by Operating Activities	$	282,392	$	(218,340)		$	151,334	$	(196,776)

INVESTING ACTIVITIES
Long Term Investments		0		0			(5,000)		(5,360)
Purchase of Intangible Assets		(424,430)		(240,000)			(467,837)		(1,250,000)
Cash proceed for sale of investments		0		0			0		0
Property & Equipment		0		0			0		0
Deposits		0		0			0		0
Security Deposits Asset		0		0			0		0
Net cash provided by Investing Activities	$	(424,430)	$	(240,000)		$	(472,837)	$	(1,255,360)

FINANCING ACTIVITIES
Proceed from sale of Stock		136,710		554,539			223,511		1,347,602
Contribution by owners		0		0			0		0
Dividends Paid		0		0			0		0
Proceed from note payable		0		49,953			70,000		269,953
Net cash provided by Financing Activities	$	136,710	$	604,492		$	293,511	$	1,617,555

Net cash increase for period	$	(5,328)	$	146,152		$	(27,992)	$	165,419

Cash at beginning of period	$	7,970	$	43,425		$	30,634	$	24,159

Cash at end of period	$	2,641	$	189,577		$	2,641	$	189,577

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

Notes to Unaudited Condensed Consolidated Financial Statements

NOTE 1 - NATURE OF BUSINESS AND BASIS OF PRESENTATION

We were incorporated in the State of Nevada on October 30, 2013, under the name “Bling Marketing, Inc.”. Until December 29, 2014, we were a wholesaler of jewelry, principally earrings, rings, and pendants (“BMI Business”). We recognized a minimal number of sales from operations before the three months ending June 30, 2014 and were accordingly classified as a shell company. During the three-month ended June 30, 2014, we began working with several distributors to sell our jewelry products to retail outlets and, as a result, recognized sales revenue of $22,025 during the said period. On September 11, 2014, we filed a Current Report on Form 8-K indicating that we were no longer a shell company as defined by Rule12b-2 of the Exchange Act in light of our operations through the quarter that ended June 30, 2014.

On December 26, 2014, we entered into an Agreement and Plan of Merger (“Nugene Merger Agreement”) with NuGene Inc., a California corporation (“NuGene”). On December 29, 2014 (the “Closing Date”), we filed a certificate of merger in the State of California whereby our subsidiary, NG Acquisition Inc. (“Acquisition Sub”), merged with NuGene. As a result, NuGene, the surviving entity, became our wholly owned subsidiary. The transaction under the Nugene Merger Agreement was deemed to be a reverse merger, whereby the Company (the legal acquirer) is considered the accounting acquiree and NuGene is considered the accounting acquirer, and NuGene (the legal acquiree) is considered the accounting acquirer. The assets, liabilities, and operations of the acquired entity, NuGene, were brought forward at their book value, and no goodwill was recognized.

In connection with the NuGene Merger Agreement, we entered into a Business Transfer and Indemnity Agreement dated December 29, 2014 (the “Indemnity Agreement”) with our former Chief Executive Officer and Director, Dena Kurland providing for:

●	The transfer of our jewelry business operations existing on the date of the Indemnity Agreement (the “BMI Business”);
●	The assumption by Ms. Kurland of all liabilities of our Company and the indemnification by Ms. Kurland holding our Company harmless for any and all liabilities arising at or before the date of the Indemnity Agreement;
●	The payment by NuGene to Ms. Kurland of $350,000 in cash; and
●	The surrender by Ms. Kurland of 15,000,000 shares (before giving effect to the Stock Split discussed below) (the “Indemnity Shares”) of our Company’s common stock representing 95% of the then outstanding common stock (all of which shares have been deemed cancelled by the Company).

Pursuant to the terms of the Nugene Merger Agreement, 26,052,760 shares of Company common stock and 1,917,720 Company a newly designated Series A Preferred Stock were issued to the former NuGene shareholders. The Series A Preferred Stock was: (i) initially convertible into common stock at a ratio of one to one, (ii) as long as there were a minimum of 900,000 shares of Series A Preferred Stock outstanding, the holders of the Series A Preferred Stock had the right to elect a majority of the board of directors and (iii) the holders of the Series A Preferred Stock, generally voting as a class with the holders of common stock, had for each share of Series A Preferred Stock three times the number of votes permitted to each share of common stock.

On December 26, 2014, our board of directors approved a 15.04 to one stock split (“Stock Split”) in the form of a stock dividend to holders of our common stock as of that date. To affect that board action, each recipient of the stock dividend would receive 14.04 additional shares of common stock for every share of common stock held.

On December 29, 2014, we completed the sale of 2,000,000 shares of our common stock to 18 purchasers (“Stock Placement”) for proceeds totaling $2,000,000, including (a) $1,625,000 of cash and (b) automatic conversion of promissory notes in the principal amount of $375,000.

NuGene was incorporated in California in December 2006 and formed and funded by our founders, Ali Kharazmi and Mohammed Kharazmi, M.D. The initial focus of NuGene was to develop and market customized skin care products. As part of that focus, NuGene sought to leverage the working relationships developed by our founders with the plastic surgery community. NuGene directed significant time and resources on developing anti-aging and scar treatment/reduction products.

In 2007 Nugene continued to focus on “age-defying” products utilizing peptide complexes (see further description below) and nano-encapsulation for absorption into the skin (see additional description below). We introduced a limited product line under the NuGene name and co-branded the products with an affiliated entity, Genetic Institute of Anti-Aging, Inc. (“GIAA”), which the Kharazmi owned. We utilized the services of a Korean-based contract manufacturer to supply our products. This product line (the “GIAA Line”) was based on peptides and did not utilize stem cells. We had very modest sales in 2007, with our sole customer GIAA, a related party.

In 2008 we stopped production of the GIAA Line, and sales were limited to selling the remaining inventory through medical offices and GIAA. With the GIAA Line discontinued, we spent the remainder of 2008 considering different formulations and methodologies for improved anti-aging products.

In 2009 and 2010, we had limited activity and minimal sales. Our sales were mainly overseas and limited to the remaining inventory of the GIAA Line. We continued to explore how we might advance our formulations and methodologies. We expended funds on research and development, carried out mainly by scientists engaged by the Company.

In 2011 our founders decided to use adult adipose human stem cells (undifferentiated cells found throughout the body that multiply by cell division to replenish dying cells and regenerate tissues) as the foundation of the formulation for its products. In 2011 the Company developed a proprietary process to extract human adult stem cells from fat cells that the Company then used in its customized NuGene line explicitly made for those client(s). Throughout 2011 we continued to provide autologous, or mature, fat-derived stem cells for use in clinical procedures utilizing this technology. Through this process, the Company refined its ability to culture adult human stem cells to render human-conditioned stem cell media at a proprietary concentration, a primary ingredient in the NuGene line of cosmeceuticals. The Company believes that this proprietary concentration, combined with our unique formulations, will provide NuGene with a significant competitive advantage.

In 2012 we completed our initial line of cosmeceutical products based on these adipose-derived stem cells. We branded this advanced skincare line solely under the NuGene name (the “NuGene Line”). We eliminated the unpleasant odor associated with stem cells by adding a fragrance with a very low incidence of allergic reaction. The packaging of this new product line bears no resemblance to the prior GIAA Line. We also manufactured the NuGene Line ourselves at a small laboratory facility that we leased from an affiliated entity owned by one of our founders.

Throughout 2013 we continued to expand the product offerings of the NuGene Line. The Company focused its stem cell work on surgical and orthopedic regeneration. These services were delivered to one client, which was an affiliated entity. Sales of the NuGene Line were limited as we were in an initial rollout and branding phase.

During 2014, we focused our efforts on transitioning to a cosmeceutical skincare business for mass distribution. With this transition and expanded attention to our consumer products, we sought to develop our marketing plan and distribution channels. By the end of 2014, we had wholesalers distributing products from the NuGene Line to medical offices and medical spas throughout the United States. December 31, 2014, we had about 50 locations selling our products. In addition to the NuGene Line, we generated revenues from an affiliate, Advanced Surgical Partners (“ASP”), which is also owned by our CEO and Chairman of the Board, Messrs. Ali and Mohammed Kharazmi, respectively. Revenues generated from ASP resulted from NuGene providing Plasma Rich Platelet and Stem Cell injections for orthopedic and plastic surgery procedures to ASP. We provided these products and services to ASP as we transitioned into commercializing our cosmeceutical product lines. We expect further to minimize these product sales and services to ASP in early 2015.

Our target customers primarily consisted of middle-aged men and women concerned with their aging skin and hair loss. Although our distributors were primarily west of the Mississippi River, our products were sold throughout the United States.

By 2017, our cosmeceutical skincare business had been discontinued as we could not obtain financing for operations on reasonable terms and became inactive. Our corporate charter was revoked in Nevada

On January 26, 2020, Emergent, LLC (“Emergent”), a Nevada LLC controlled by Milan I Hoffman, was appointed the custodian of the Company and proceeded to revive the Company’s existence and resolve its outstanding indebtedness. This was completed as to all indebtedness except for one convertible rate promissory note of $120,000. See Litigation. In March 2022, Ms. Hoffman sold her Series A Preferred stock in the Company and certain shares of Series C Preferred Stock to Livento Group, LLC. Also in March 2022, David Stybr, our CEO and the sole owner of Livento Group, LLC, agreed to contribute Livento Group, LLC to the Company in exchange for a transfer to him of the Series A Preferred Stock which gave Mr. Stybr voting control of the Company. The Series C Preferred Stock purchased by Livento Group, LLC was cancelled. As a result of these transactions our current operations are the operations of Livento Group, LLC

Livento Group operations started in 2017 as the internal team spearheaded the development of financial management software based on artificial intelligence for investment entities. This software currently provides several clients with data processing and analytical services in the investment management sector. Management believes that this segment of our operations will provide meaningful revenue, but we can give no assurance that this will happen. The product is best described as an automated system that can analyze large quantities of data, focusing on selected parameters and predicting short-term future behavior within a specific portfolio of selected assets. The software chooses assets with the highest potential based on a set of specifications and properties, predicting short-term future behavior within a particular portfolio.

NOTE 2 – PRINCIPLIES OF CONSOLIDATION

These consolidated financial statements and related notes are presented by accounting principles generally accepted in the United States and are expressed in US dollars.

The basis of accounting differs in certain material aspects from that used for preparing the books of the Subsidiaries, which are prepared by the accounting principles and relevant financial regulations applicable to limited liabilities enterprises established in their domicile. The accompanying consolidated financial statements reflect necessary adjustments not recorded in the books of the Subsidiaries to present them in conformity with U.S. GAAP.

The consolidated financial statement comprises the financial statement of Livento Group Inc. (The Company) and the subsidiaries Livento Group LLC, Livento Services Inc., Livento AI & Robotics Solutions Inc., BOXO Productions Inc., Livento Europe a.s., Novel-ti, Vector Power Works sro and BOXO Technology Inc. as of September 30, 2024.

Subsidiary - The Group consolidated financial statements include the assets, liabilities, equity, revenue, expenses and cash flows of the Company. A subsidiary is an entity over which the Company has control. The Company controls an entity when the Company has power over the entity, is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Assessment of control is based on the substance of the relationship between the Company and the entity and includes consideration of both existing voting rights and, if applicable, potential voting rights that are currently exercisable and convertible. The operating results of subsidiaries acquired are included in the consolidated financial statements from MONTH when control is acquired (typically the acquisition date). The operating results of subsidiaries that are divested during the period are included up to the date control ceased (typically the disposition date) and any difference between the fair value of the consideration received and the carrying value of a divested subsidiary is recognized in the consolidated income statements. Accounting policies of subsidiaries have been aligned with those of the Company where necessary.

Use of Estimates

Conformity with GAAP requires the use of estimates and judgments that affect the reported amounts in the financial statements and accompanying notes. These estimates form the basis for judgments we make about the carrying values of our assets and liabilities that are not readily apparent from other sources. We base our estimates and judgments on historical information and on various other assumptions that we believe are reasonable under the circumstances. GAAP requires us to make estimates and judgments in several areas, including but not limited to, those related to revenue recognition, collectability of accounts receivable, contingent liabilities, fair value of financial instruments, fair value of acquired intangible assets and goodwill, useful lives of intangible assets and property and equipment, excess and obsolete inventory, deferred tax asset valuation and income taxes. These estimates are based on management’s knowledge about current events and expectations about actions we may undertake in the future. Actual results could differ materially from those estimates.

Risks and Uncertainties

The Company operates in an industry that is subject to rapid change. The Company’s operations are subject to significant risk and uncertainties including financial, operational, technological, regulatory, and other risks, including the potential of business failure.

Reclassifications

For comparability, certain prior period amounts have been reclassified, where appropriate, to conform to the current year’s financial statement presentation. These reclassifications have no impact on net loss.

Inventories

The Company doesn’t have inventories as we work only as service provider.

Property and Equipment

Our property, plant, and equipment on September 30, 2024, consists of our software product Elisee, Novelti programs and BOXO Productions projects including games and movies.

Payable and Accrued Expenses

Accounts payable and accrued expenses are carried at amortized cost and represent liabilities for goods and services provided to the Company prior to the end of the financial year that are unpaid and arise when the Company becomes obliged to make future payments in respect of the purchase of these goods and services.

Revenue Recognition

The Company adopted ASC 606 requires using a new five-step model to recognize revenue from customer contracts. The five-step model requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients. The Company has concluded that the new guidance did not require any change to its revenue recognition processes.

The Company recognizes software service fees over time as performance obligations are satisfied over the life of the service, usually, with an average duration of one year. Payments received in advance from customers are recorded as “Deferred revenues.” Such advance payments received are non-refundable after the thirty days refund period.

The cost of revenue consists primarily of the outsourced information technology support service, internal employees, consultants, service charges for cloud computing, and related expenses, which are directly attributable to the revenues.

Concentration of Revenues

Livento Group has been operating in the US and Europe since 2019, and on June 30, 2022, it was acquired by Nugene International, Inc., which subsequently changed its name to Livento Group, Inc. We had revenue of $527,588 in the third quarter of 2024. These came from sales of Elisee in amount of $315,200, our management services for Global Dot Logistics for $262,388. Elisee clients have one- or two-years contracts of using our services, but loss of any of our major clients could significantly decrease our revenues and impede our future growth prospects. Our management sercies are decreasing as we are shifting focus to movies.

Cost of Revenues

Cost of revenues include all the costs to produce the Company’s services. For Elisee it includes software, data and professional fees incurred with its development. For movies mainly professional fees of people working on the projects. It consists of Amortization of Intangible Assets in amount of $526,176, Professional fees of key professionals and consulting fee that is related to generation of income from the Elisee in amount of $241,565.

Research and Development

Internal research and development costs are expensed as incurred. Third-party research and development costs are expensed when the contracted work has been performed. Research and development consist of consulting fees, direct labor and services associated with the development of Elisee functionality and Novelti developments.

Allowance for Doubtful Accounts

Our Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments. Company currently don’t have any doubtful accounts as its managing its receivables on time and as planned with clients.

Convertible Financial Instruments

The Company bifurcates conversion options from their host instruments and accounts for them as free-standing derivative financial instruments if certain criteria are met. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract,

(b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. An exception to this rule is when the host instrument is deemed to be conventional, as that term is described under applicable GAAP.

When the Company has determined that the embedded conversion options should not be bifurcated from their host instruments, discounts are recorded for the intrinsic value of conversion options embedded in the instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the transaction and the effective conversion price embedded in the instrument.

Debt Discounts - Debt discounts under these arrangements are amortized to interest expense using the interest method over the earlier of the term of the related debt or their earliest date of redemption.

Loss on Issuance - The conversion features of the notes were bifurcated from the host instrument as its conversion terms were not indexed to the Company’s own stock. In addition, the warrants associated with the debt instruments were also treated as a free-standing derivative liability.

Common Stock Purchase Warrants and Derivative Financial Instruments - Common stock purchase warrants and other derivative financial instruments are classified as equity if the contracts (1) require physical settlement or net-share settlement or (2) give the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). Contracts which (1) require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside the control of the Company), (2) give the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement), or (3) that contain reset provisions that do not qualify for the scope exception are classified as liabilities. The Company assesses classification of its common stock purchase warrants and other derivatives at each reporting date to determine whether a change in classification between equity and liabilities is required.

Beneficial conversion feature – The issuance of the convertible debt generated a beneficial conversion feature (“BCF”), which arises when a debt or equity security is issued with an embedded conversion option that is beneficial to the investor or in the money at inception because the conversion option has an effective strike price that is less than the market price of the underlying stock at the commitment date. The Company recognized the BCF by allocating the intrinsic value of the conversion option, which is the number of shares of common stock available upon conversion multiplied by the difference between the effective conversion price per share and the fair value of common stock per share on the commitment date, resulting in a discount on the convertible debt (recorded as a component of additional paid-in capital).

Share Based Payments

The Company recognizes compensation expense for all equity-based payments in accordance with ASC 718 - Share-based payments. Under ASC 718’s fair value recognition provisions, the Company recognizes equity-based compensation net of an estimated forfeiture rate and recognizes compensation cost only for those shares expected to vest over the requisite service period of the award.

Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the accompanying condensed consolidated statements of operations based on the fair values of the related payments. Such expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period).

The Company accounts for share-based payments granted to non-employees in accordance with ASC 505 - Equity Based Payments to Non-Employees. The Company determines the fair value of the stock-based payment as either the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. If the fair value of the equity instruments issued is used, it is measured using the stock price and other measurement assumptions as of the earlier of either (1) the date at which a commitment for performance by the counterparty to earn the equity instruments is reached, or (2) the date at which the counterparty’s performance is complete.

Net Loss per Share of Common Stock

The Company computes net loss per share in accordance with ASC 260 - Earnings Per Share. ASC 260 requires presentation of both basic and diluted net loss per share on the face of the statements of operations. Basic net loss per share is calculated by dividing the loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted net loss per share is determined by adjusting the loss attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all potential dilutive common shares, such as stock issuable pursuant to the exercise of stock warrants or the conversion of preferred stock into common stock.

Common stock equivalents totaling 831,244,362 as of September 30, 2024 were not included in the computation of diluted earnings per share on the condensed consolidated statements of operations because the Company reported a net loss during the three months ended September 30, 2024, and December 31, 2023 and therefore the effect would be anti-dilutive.

Recent Accounting Standards Updates

Topic 606, Revenue from Contracts with Customers, of the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC). The guidance in ASC 606 was originally issued by the FASB in May 2014 in Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606). Since then, the FASB has issued several ASUs that have revised or clarified the guidance in ASC 606. The Company is in the process of evaluating the impact of this accounting standard update.

On June 20, 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-07, Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. ASU 2018-07 is intended to reduce cost and complexity and to improve financial reporting for share-based payments to nonemployees (for example, service providers, external legal counsel, suppliers, etc.). Under the new standard, companies will no longer be required to value non-employee awards differently from employee awards. Meaning that companies will value all equity classified awards at their grant-date under ASC718 and forgo revaluing the award after this date. The guidance is effective for interim and annual periods beginning after December 15, 2018.

In January 2017, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) 2017-01, Business Combinations (Topic 805) Clarifying the Definition of a Business. The amendments in this update clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. The guidance is effective for interim and annual periods beginning after December 15, 2017 and should be applied prospectively on or after the effective date. The Company is in the process of evaluating the impact of this accounting standard update.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 requires lessees to recognize lease assets and lease liabilities on the balance sheet and requires expanded disclosures about leasing arrangements. ASU 2016-02 is effective for fiscal years beginning after December 31, 2018 and interim periods in fiscal years beginning after December 31, 2018, with early adoption permitted. The Company is in the process of evaluating the impact of this accounting standard update.

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

Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

NOTE 3 – FIXED ASSETS

A&I machine learning program

Acquisition of the assets e.g. name of the intangible asset		A&I machine learning program

what the intangible assets is to be used for		Contains algorithms and code to analyze large portions of data within closed portfolio of items to set their best performing distribution within the portfolio.

Duration for the construction / completion of the intangible assets		Development started in 2018 and continues to present time. Company has several consultants and pays data and servers to upgrade and finalize the system.

Expectation of revenue generation from the acquisition of the asset		The asset currently generates app USD 1,5 million per year and we expect from 2024 to produce USD 2,5 million as we can offer upgraded version to more clients.

Expected useful life of the assets upon completion		Based on the recommendation from the system developers and technological changes the company policy is to amortize AI Learning Program for 3 years. The company will conduct an annual impairment test to reassess that our assumptions on the estimated useful life.

Amount expended on research about the internally developed asset and the statement that the research cost has been expensed, because only the development cost will be acceptable.		Research expenses are currently USD 5,792,230 including initial acquisition of the asset and continues investments into data, consultants, and servers. These expenses don’t include general costs, marketing and other indirect costs occurred during the time.

Movie projects

Acquisition of the assets e.g. name of the intangible asset		Movie Projects and Entertainment projects

what the intangible assets is to be used for		We invest into movie and game development projects and this asset class contains intellectual rights to books, movies, scripts. We further develop the asset via developing complete movie script that is further offered to large distribution studios in entertainment industry that will sell the project so BOXO can produce the asset to full movie. Assets as well can be separately sold if there is buyer with interest.

Duration for the construction / completion of the intangible assets		Each movie or game asset needs 15-18 months to reach completion.

Expectation of revenue generation from the acquisition of the asset		Asset once pre-sold to distributor receives 40% margin revenue and once in cinemas and /or online streamers, BOXO receives revenue share in share of 15-25%.

Expected useful life of the assets upon completion		Movie asset package has expected value for 15 years.

Amount expended on research about the internally developed asset and the statement that the research cost has been expensed, because only the development cost will be acceptable.

NOTE 4 - PROMISSORY NOTES PAYABLE AND ADVANCES

As of the date of this report, we have not issued any debt securities.

NOTE 5 - STOCKHOLDER’S EQUITY

Common Shares

As of September 30, 2024, the company issued a total 776,264,852 common shares with $0.0001 par value.

Preferred Shares

As of September 30, 2024, the company issued 5 classes of preference shares.

	●	Preferred shares A, $0.0001 par value, 100 shares Authorized, and 100 shares issued – Holder shall have the right to vote on all shareholder matters equal to fifty-one percent (51%) of the total vote. Current holder is Mr. David Stybr.
	●	Preferred shares C, $0.0001 par value, 10,000,000 shares Authorized, and 4,502,456 shares issued,
	●	Preferred shares D, $0.01 par value, 4,000,000 shares Authorized, and 3,858,479 shares issued,
	●	Preferred shares E, $0.0001 par value, 40,000 shares Authorized, and 25,000 shares issued,
	●	Preferred shares F, $0.0001 par value, 75,000 shares Authorized, and 15,000 shares issued.

Common Stock Options

None

Common Stock Warrants

None, all previous were converted.

NOTE 6 - COMMITMENTS AND CONTINGENCIES

Commitments

We occupy our sole corporate facilities at 17 State Street and Jungmannovo square 770/8, Prague, Czech Republic, for approximately $4,500 per month (including common area maintenance). The lease includes annual increases in the monthly lease payments of approximately 3% each year.

At September 30, 2024, aggregate future minimum payments under the lease, including common area maintenance costs, are as follows:

SCHEDULE OF FUTURE MINIMUM PAYMENTS


2024	$	56,000
2025	$	59,000
2026	$	61,000

Total	$	176,000

Legal Proceedings

Company currently doesn’t have any active legal proceedings .

NOTE 7 - SUBSEQUENT EVENTS

Livento Group finalized form10 procedure with SEC and got approval on 1th of November 2023.

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

FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q, including “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 2 of Part I of this report include forward-looking statements. Information in this report contains “forward looking statements” which may be identified using forward-looking terminology, such as “may”, “shall”, “will”, “could”, “expect”, “estimate”, “anticipate”, “predict”, “probable”, “possible”, “should”, “continue”, “believes”, “estimates”, “projects”, “targets”, or similar terms, variations of those terms or the negative of those terms. The forward-looking statements specified in the following information have been compiled by our management based on assumptions made by management and considered by management to be reasonable. Our future operating results, however, are impossible to predict and no representation, guaranty, or warranty is to be inferred from those forward-looking statements. Statements in this report concerning the following are forward looking statements: ·future financial and operating results;·our ability to fund operations and business plans, and the timing of any funding or corporate development transactions we may pursue;·the ability of our suppliers to provide products or services in the future of an acceptable quality on a timely and cost-effective basis;·expectations concerning market acceptance of our products;·current and future economic and political conditions;·overall industry and market trends;·management’s goals and plans for future operations; and other assumptions described in this report underlying or relating to any forward-looking statements.

The assumptions used for purposes of the forward-looking statements specified in the following information represent estimates of future events and are subject to uncertainty as to possible changes in economic, legislative, industry, and other circumstances. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives requires the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and, accordingly, no opinion is expressed on the achievability of those forward-looking statements. No assurance can be given that any of the assumptions relating to the forward-looking statements specified in the following information are accurate, and we assume no obligation to update any such forward-looking statements. Unless otherwise noted, the terms the “Company”, “we”, “us”, and “our” refer to the ongoing business operations of Livento Group, Inc. and our wholly owned subsidiaries, Livento Group LLC and Boxo Productions, Inc.

RESULTS OF OPERATIONS

Comparison of three months ended September 2024 and 2023

The following analysis of the results of operations for the three months ended September, 2024 and 2023 should be read in conjunction with our condensed consolidated financial statements and the notes to those financial statements that are included elsewhere in this Quarterly Report on Form 10-Q. Our discussion includes forward-looking statements based upon current expectations that involve risks and uncertainties, such as our plans, objectives, expectations, and intentions. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements because of a number of factors. An investment in our common stock involves a high degree of risk. Readers of this Quarterly Report on Form 10-Q should carefully consider the risks set forth in the Risk Factors and Business sections of our 10-12G/A. We use words such as “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “believe,” “intend,” or similar expressions, variations of those terms or the negative of those terms to identify forward- looking statements. The forward-looking statements specified in the following information have been compiled by our management on the basis of assumptions made by management and considered by management to be reasonable. Our future operating results, however, are impossible to predict and no representation, guaranty, or warranty is to be inferred from those forward-looking statements.

The assumptions used for purposes of the forward-looking statements specified in the following information represent estimates of future events and are subject to uncertainty as to possible changes in economic, legislative, industry, and other circumstances. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives require the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and, accordingly, no opinion is expressed on the achievability of those forward-looking statements. No assurance can be given that any of the assumptions relating to the forward-looking statements specified in the following information are accurate, and we assume no obligation to update any such forward- looking statements.

Revenues

Revenues generated during the three months ended September 30, 2024 totaled $577,588. These came from sales of Elisee and our management services for Global Dot Logistics and movie projects. We see similar result as three months ended September 30, 2023 with $586,120 which is due to the fact that company focuses on movie development and the income is booked in Other income.

Most of the revenue for the quarter that ended September 30, 2024, was derived from software fees in the USA and Europe markets, Global Dot Logistics management services and as well movie projects under BOXO Productions. Movie revenues belong to acquired movies during 2024 where initial two movies out of our 45 projects successfully entered distribution. Movie income is shown in Other income as a part of profits BOXO will receive from finished movie package. Elisee is constantly serving to clients in Europe and USA and we see stable source of income.

Cost of Revenues

Our costs of goods sold consist of Amortization of Intangible Assets in amount of $526,176, Professional fees of key professionals and consulting fee that is related to generation of income from the Elisee in amount of $241,566. Our services sell for margins comparable with others in industries similar to ours. Our margins will reflect our efficiency in our services, the desirability of our services and our ability to grow revenue in order to scale our operations. Our relationships with our suppliers will also be important in procuring materials at better pricing.

Advertising and promotion

Advertising and promotion totaled approximately $37,385 for the three months ended September 30, 2024 compared to approximately $283,907 for the three months ended September 30, 2023. The use was mainly for online promotion and new marketing campaigns that we started during these months focused on our products and company.

Selling, general and administrative

Selling, general and administrative expenses (“SGA”) totaled approximately $3,820 for the three months ended September 30, 2024 compared to approximately $7,341 for the three months ended September 30, 2023. This decrease is linked to company’s saving processes.

Professional fees

Professional fees totaled approximately $733 for the three months ended September 30, 2024 compared to approximately $26,591 for the three months ended September 30, 2023. The amount is mainly used to cover our services on other projects and internal Livento structure. The decrease is caused by re-allocation of Livento services to specific cost centers.

Comparison of nine months ended September 2024 and 2023

Revenues

Revenues generated during the nine months ended September 30, 2024 totaled $ 1,392,916. These came from sales of Elisee, Global Dot Logistics management services and movie projects under BOXO Productions, Inc. We see approximately 100,000 difference compared to nine months ended September 30, 2023 with $ 1,509,294. Important is to mention that company is booking income from movies into Other income. It totaled $1,490,203 as of 30^th of September 2024.

Cost of Revenues

Our costs of goods sold consist of Amortization of Intangible Assets in amount of $1,588,583, Professional fees of key professionals and consulting fee that is related to generation of income from the Elisee and movies in amount of $533,709. Our services sell for margins comparable with others in industries similar to ours. Our margins will reflect our efficiency in our services, the desirability of our services and our ability to grow revenue in order to scale our operations. Our relationships with our suppliers will also be important in procuring materials at better pricing.

Advertising and promotion

Advertising and promotion totaled approximately $42,311 for the nine months ended September 30, 2024 compared to approximately $315,372 for the nine months ended September 30, 2023. The use was mainly for online promotion.

Selling, general and administrative

Selling, general and administrative expenses (“SGA”) totaled approximately $9,270 for the nine months ended September 30, 2024 compared to approximately $20,711 for the nine months ended September 30, 2023.

Professional fees

Professional fees totaled approximately $1,333 for the nine months ended September 30, 2024 compared to approximately $144,632 for the nine months ended September 30, 2023. The amount is mainly used to cover our services on other projects and internal Livento structure and movie developments.

Stock based compensation

Stock based compensation costs was $ 100,760 for the nine months ended September 30, 2024 compared to $4,053,961 for the nine months ended September 30, 2023.

CAPITAL RESOURCES

Off-Balance Sheet Arrangements

There are no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Inflation

Inflation and changing prices have had no material effect on our net sales and revenues or on our income from continuing operations over our two most recent fiscal years.

Critical Accounting Policies and Estimates

Our management’s discussion and analysis of our financial condition and results of operations are based on our financial statements, which have been prepared in accordance with U.S. generally accepted accounting principles. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities and expenses and the disclosure of contingent assets and liabilities in our financial statements. On an ongoing basis, we evaluate our estimates and judgments, including those related to the fair market value of our assets and accrued stock-based compensation expense. We base our estimates on historical experience, known trends and events and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. In making estimates and judgments, management employs critical accounting policies.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

Not applicable.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Management have established disclosure controls and procedures to ensure that the information required to be disclosed by the Company in the reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms and that such information is accumulated and made known to the officers who certify the Company’s financial reports and to other members of senior management and the Board of Directors as appropriate to allow timely decisions regarding required disclosure. Changes in internal control over financial reporting.

Based on their evaluation as of September 30, 2024, the principal executive officer and principal financial officer of the Company have concluded that the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934) are effective.

Changes in Internal Controls – There have been no changes in our internal control over financial reporting during the second quarter of fiscal 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II—OTHER INFORMATION

Item 1. Legal Proceedings.

As disclosed in Note 8 to the Condensed Consolidated Financial Statements, the Company is not engaged in any legal matters, and to confirm with the disclosure set forth in Note 8, the company currently doesn’t have any active legal proceedings.

Item 1A. Risk Factors.

An investment in the Company is highly speculative and involves a high degree of risk.

Risks Related to our Business

We have limited resources, and We may not be able to raise additional capital as it is needed to fund our operations and planned increased investment levels.

We operated at a net loss of $1,081,767 for the period ended September 30, 2024, in addition to our cash resources, which were about $2,641 on September 30, 2024, which are inadequate to execute our growth plans, but should allow us to operate at current levels. The loss is impacted by Amortization and Stock Based Compensations. We are dependent upon the additional investment of which there can be no assurance and the proceeds of the rent of Elisse, Novelti software and movie projects.

Cybersecurity

Our movie projects and Elisee software are stored online and thus are subject to potential thread of cybersecurity. We maintain data in clouds that are highly protected, and we use firewall and antivirus tools to keep data safe.

Financial liabilities

Our results are affected by the timing and occurrence of payments from our clients and in case they have financial difficulties we can face cash flow problems to pay our liabilities. Our management seeks to minimize this risk through close monitoring and relationship with our clients.

BOXO’s Movie Production Requires Substantial Capital and Continued Participation from Many Parties.

BOXO’s production projects are capital intensive, frequently costing over $30 Million. Most of the required funds are provided by investors who invest in entities formed for a particular project. Until and unless investor funds are received, it is challenging to retain directors, actors, and others required for movie production. Management believes that the success or failure of each project can impact BOXO’s ability to raise funds for the next project timely. Suppose we were to have several consecutive projects on which investors did not realize hoped-for returns. In that case, raising funds for future projects that provide a reasonable return for the Company or on any terms might become significantly more challenging. Delays in raising capital may substantially and negatively affect BOXO’s results.

BOXO relies on personal relationships rather than written agreements.

The BOXO team has worked on many projects together over decades and we rely on these personal relationships rather than formal agreements to keep our team together. Accordingly, one or more of our key consultants may leave us at any time and this could adversely affect our ability to produce new movies.

The Software Development Market is Highly Competitive and Fragmented. The business software development market is highly competitive and includes many large and small competitors. While we have developed what we believe to be a unique platform that will prove commercially viable, however, there is no assurance that this will prove to be the case or that in the future, software developers working for our competitors will not expand upon or enhance our best features putting us at a competitive disadvantage.

Minority stockholders will likely not have a meaningful vote in corporate actions.

Our officers and directors own over all of our super-voting preferred stock. All future actions requiring shareholder approval and the election of our directors will be entirely in their control.

Reporting requirements under the Exchange Act and compliance with the Sarbanes-Oxley Act of 2002, including establishing and maintaining acceptable internal controls over financial reporting, are costly and may increase substantially.

The rules and regulations of the SEC require a public company to prepare and file periodic reports under the Exchange Act, which will require that the Company engage in legal, accounting, auditing, and other professional services. The engagement of such services is costly, and we are likely to incur losses that may adversely affect our ability to continue as a going concern. Additionally, the Sarbanes-Oxley Act of 2002 requires, among other things, that we design, implement, and maintain adequate internal controls and procedures over financial reporting. The costs of complying with the Sarbanes-Oxley Act may make it difficult for us to design, implement and maintain adequate internal controls over financial reporting. If we fail to maintain an effective system of internal controls or discover material weaknesses in our internal controls, in that case, we may not be able to produce reliable financial reports or report fraud, which may harm our overall financial condition and result in a loss of the investor confidence and a decline in our share price.

We cannot assure you that our Common Stock will be listed on the OTCQB or any other stock exchange.

Our common stock is currently traded on the Pink Sheets under the symbol NUGN. Our goal is to become a fully reporting company, establish a market price above $1.00, and be included on the OTCQB or a higher exchange, if possible. However, we cannot assure you that we will be able to meet the initial listing standards of the OTCQB or any other stock exchange or quotation medium or that we will be able to maintain a listing of our Common Stock on any stock exchange. After the filing of this Form 10, we expect that our Common Stock would continue to be eligible to trade on the “pink sheets,” where our stockholders may find it more difficult to affect a transaction in our Common Stock or obtain accurate quotations as to the market value of our Common Stock. In addition, we would be subject to an SEC rule that, if we failed to meet the criteria outlined in such rule, imposes various practice requirements on broker-dealers who sell securities governed by such rule to persons other than established customers and accredited investors. Consequently, such a rule may deter broker-dealers from recommending or effecting transactions in our Common Stock, which may further affect its liquidity. This would also make it more difficult for us to raise additional capital following a business combination.

Risks Related to our Stockholders and Shares of Common Stock

We are currently controlled by our principal stockholders, who include our sole director and executive officers.

At present, David Stybr, our CEO, owns all 100 of the issued and outstanding shares of our super-voting preferred stock, which gives him 51% of the shareholder voting power of the Company. Consequently, he can affect total control of the operations of the Company and, even if additional shares of our Common Stock are sold, he will continue to have the ability to influence or control substantially in all matters submitted to stockholders for approval, including:

	*	Electing our entire board of directors, which currently consists of only Mr. David Stybr;
	*	Removing directors;
	*	Amending our certificate of incorporation and bylaws;
	*	Approving a business combination with an acquisition candidate; and
	*	Adopting measures that could delay or prevent a change in control or impede a merger, takeover, or other business combination of the Company.

This concentration of ownership and management by itself may impede a merger, consolidation, takeover, or other business consolidation or discourage a potential acquirer from making a tender offer for our Common Stock.

Our Common Stock will likely be considered a “penny stock,” which may make it more difficult for investors to sell their shares due to suitability requirements.

Our common stock is currently deemed “penny stock,” as that term is defined under the Exchange Act. Penny stocks generally are equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges or quoted on the NASDAQ system, provided that the exchange or system provides current price and volume information concerning transactions in such securities). Penny stock rules impose additional sales practice requirements on broker-dealers who sell to persons other than established customers and “accredited investors.” The term “accredited investor” generally refers to institutions with assets over $5,000,000 or individuals with a net worth in excess of $1,000,000 or an annual income exceeding $200,000 or $300,000 jointly with their spouse.

The penny stock rules require a broker-dealer, before a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized disclosure document in a form prepared by the SEC, which provides information about penny stocks and the nature and level of risks in the penny stock market. Moreover, brokers/dealers are required to determine whether an investment in a penny stock is suitable for a prospective investor. A broker/dealer must receive a written agreement to the transaction from the investor setting forth the identity and quantity of the penny stock to be purchased. These requirements may reduce the potential market for our common stock by reducing the number of potential investors. This may make it more difficult for investors in our common stock to sell shares to third parties or dispose of them. This could cause our stock price to decline.

We have never paid dividends on our Common Stock, but we plan to do so in the future.

We have never paid dividends on our Common Stock, but once the situation in Company allows that, we have this option as valid to discuss on the management level and approve it. We would be delighted to share success in our projects with our shareholders.

We are an “emerging growth company” under the JOBS Act of 2012. We cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors.

We are an “emerging growth company,” as defined in the Jumpstart Our Business Startups Act of 2012 (“JOBS Act”). We may take advantage of certain exemptions from various reporting requirements that apply to other public companies that are not “emerging growth companies,” including, but not limited to, not being required to comply with the auditor attestation requirements of section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in our periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. We cannot predict if investors will find our common stock less attractive because we may rely on these exemptions. If some investors find our common stock less attractive, there may be a less active trading market for our common stock, and our stock price may be more volatile.

In addition, Section 107 of the JOBS Act also provides that an “emerging growth company” can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an “emerging growth company” can delay the adoption of specific accounting standards until those standards would otherwise apply to private companies. We are taking advantage of the extended transition period to comply with new or revised accounting standards.

We will remain an “emerging growth company” for up to five years, although we will lose that status sooner if our revenues exceed $1 billion, if we issue more than $1 billion in non-convertible debt in three years, or if the market value of our common stock that is held by non-affiliates exceeds $700 million as of any year end.

Our status as an “emerging growth company” under the JOBS Act of 2012 may make it more challenging to raise capital as and when we need it.

Because of the exemptions from various reporting requirements provided to us as an “emerging growth company” and because we will have an extended transition period for complying with new or revised financial accounting standards, we may be less attractive to investors, and it may be difficult for us to raise additional capital as and when we need it. Investors may be unable to compare our business with other companies in our industry if they believe that our financial accounting is not as transparent as other companies in our industry. If we cannot raise additional capital as and when we need it, our financial condition and results of operations may be materially and adversely affected.

We have the right to issue shares of preferred stock. If we were to issue preferred stock, it is likely to have rights, preferences, and privileges that may adversely affect the common stock.

We have designated 10,000,000 shares as Series C Preferred Stock and 4,000,000 shares as Series D Preferred Stock. As of September 30, 2024, 3,502,456 shares of our Series C Preferred Shares were issued and outstanding, and 1,957,674 shares of Series D Preferred Stock were outstanding and issued. Each share of Series C or Series D Preferred Stock converts into 100 shares of common stock as the common stock is presently constituted but has no rights to dividends. Upon liquidation of the Company, holders of Series C or Series D Preferred Stock will receive such amount as the holder would have received had they converted to common stock immediately before the liquidation. The only difference between the Series C Preferred Stock and the Series D Preferred Stock is that the Series C Preferred Stock is not adjusted for stock splits and combinations. At the same time, the Series D Preferred Stock will have a proportional adjustment, and holders of Series C Stock may not affect a conversion that would place their total ownership of the shares of common stock above 4.99% of the outstanding.

We have the right to issue shares of preferred stock. If we were to issue preferred stock, it is likely to have rights, preferences, and privileges that may adversely affect the common stock.

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

The Company is not engaged in any Sales of equity securities that are registered by the Company pursuant to Section 12 of the Exchange Act during the quarter ended September 30, 2024.

Item 3. Defaults Upon Senior Securities.

The Company has not defaulted upon any Senior Securities that are registered by the Company pursuant to Section 12 of the Exchange Act during the quarter ended September 30, 2024.

Item 4. Mine Safety Disclosures.

None.

Item 5. Other Information.

None.

Item 6. Exhibits.

INDEX OF EXHIBITS

Exhibit No.		Description

EXHIBIT 21.1		List of subsidiaries of the Registrant

EXHIBIT 31.1		CERTIFICATIONS PURSUANT TO SECTION 302 OFTHE SARBANES-OXLEY ACT OF 2002 CERTIFICATION*

EXHIBIT 32.1		CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002*

101.INS*		Inline XBRL Instance Document

101.INS*		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 (formatted in Inline XBRL and contained in Exhibit 101)

* A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

November 14, 2024		David Stybr		/s/ David Stybr
Date		Name		Signature

(Digital Signatures should appear as “/s/ [OFFICER NAME]”)

EXHIBIT 21.1

LIST OF SUBSIDIARIES OF THE REGISTRANT

Subsidiary Name	Jurisdiction of Incorporation	Percentage of Ownership

Livento Group LLC	Delaware		100	%
Livento AI & Robotics Solutions Inc.	Delaware		100	%
Livento Services Inc.	Delaware		100	%
BOXO Productions, Inc.	Delaware		100	%
BOXO Technology Inc.	Delaware		100	%
Livento Europe a. s.	Czech republic		80	%
Vektor Power Works s.r.o.	Czech republic		80	%
Novel-Ti	Tunisia		80	%

EXHIBIT 31.1

CERTIFICATIONS PURSUANT TO SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002 CERTIFICATION

I, David Stybr, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q of Livento Group, Inc. for the period ended September 30, 2024;

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;

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

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

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

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

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

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

Date: November 14, 2024

	/s/ David Stybr
	David Stybr
	Executive Officer
	(Principal Executive, Financial and Accounting Officer)

EXHIBIT 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code), each of the undersigned officers of Livento Group, Inc. (the ‘‘Company’’), does hereby certify, to such officer’s knowledge, that:

The Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the ‘‘Form 10-Q’’) of our Company fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of our Company.

Date: November 14, 2024

	/s/ David Stybr
	David Stybr
	Executive Officer
	(Principal Executive, Financial and Accounting Officer)

Cover	9 Months Ended
Cover	Sep. 30, 2024 $ / shares shares
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	000-56457
Entity Registrant Name	Livento Group, Inc.
Entity Central Index Key	0001593549
Entity Tax Identification Number	46-3999052
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	17 State Street
Entity Address, Address Line Two	Suite 4000
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10004
City Area Code	(980)
Local Phone Number	432-8241
Title of 12(g) Security	Common Stock, par value $0.0001
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 \| shares	776,264,852
Entity Listing, Par Value Per Share \| $ / shares	$ 0.0001

Condensed Consolidated Balance Sheet (Unaudited) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Checking/Savings
Cash	$ 2,641	$ 30,634
Total Checking/Savings	2,641	30,634
Accounts Receivable	2,799,597	682,138
Other Current Assets
Other Accounts Receivable	417,831	355,001
Inventories	0	0
Total Other Current Assets	417,831	355,001
Total Current Assets	3,220,069	1,067,773
Long Term Assets
Long Term Investments	687,568	627,470
Property & Equipment	27,144	26,818
Goodwill	0	0
Intangible Assets	49,910,871	49,442,188
Other Assets	0	0
Deferred Long Term Asset Charges	0	0
Accumulated Amortization & Depreciation	(5,893,423)	(4,304,246)
Total Fixed Assets	44,732,160	45,792,230
TOTAL ASSETS	47,952,229	46,860,003
Current Liabilities
Accounts Payable	337,108	323,936
Credit Cards	0	0
Other Current Liabilities
Other Payables	259,125	85,665
Derivative Liabilities	0	0
Notes Payable	0	0
Payroll Liabilities	0	0
Related Parties Payable	0	0
Total Other Current Liabilities	259,125	85,665
Total Current Liabilities	596,233	409,602
Long-Term Liabilities
Co-Investments	3,472,020	3,402,020
Long-Term Business Loans	26,383	26,383
Total Long-Term Liabilities	3,498,403	3,428,403
Total Liabilities	4,094,636	3,838,005
Equity
Additional Paid in Capital	62,382,573	61,939,774
Capital Stock	0	0
Common Stock	77,626	81,280
Common Stock to Issue after AGM	0	0
Dividends Paid	0	0
Opening Balance Equity	0	0
Owner or member capital	0	0
Preferred Stock	39,039	13,881
Retained Earnings	(18,652,665)	(19,023,956)
Non-Controlling Interest	11,020	11,020
Total Equity	43,857,593	43,021,998
TOTAL LIABILITIES & EQUITY	$ 47,952,229	$ 46,860,003

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income
Total Income	$ 527,588	$ 586,643	$ 1,392,916	$ 1,509,294
Cost of Goods Sold
Total COGS	767,742	827,419	2,122,292	2,277,229
Gross Profit	(240,155)	(240,776)	(729,377)	(767,935)
Expense
Advertising & marketing	37,385	283,907	42,311	315,372
Computer and Internet Expenses	0	0	0	0
Bank Charges	4,755	3,421	8,756	6,629
Commissions & fees	3,941	6,565	3,941	62,695
Contract labor	3,666	184,787	57,814	445,162
Contractors	146	2,105	3,832	2,602
General business expenses	3,820	7,341	9,270	20,711
Interest paid	6,188	0	20,587	0
Insurance	0	20	0	1,040
Legal & accounting services	9,917	45,703	41,051	80,400
Professional Fees	733	26,591	1,333	209,563
Office expenses	3,902	2,526	8,937	4,850
Payroll expenses	(5,000)	46,368	46,012	144,632
Rent	1,684	701	3,750	4,435
Travel	1,176	2,502	3,872	19,238
Uncategorized Expense	6	8	165	131
Stock based compensation	97,510	327,340	100,760	4,053,961
Taxes paid	0	175	0	1,415
Total Expense	169,829	940,059	352,390	5,372,836
Net Ordinary Income	(409,984)	(1,180,835)	(1,081,767)	(6,140,771)
Other Income/Expense
Other Income	56	56	1,490,203	56
Other Expense	0	(242)	0	(231)
Net Other Income	56	298	1,490,203	287
Net loss	$ (409,929)	$ (1,180,537)	$ 408,436	$ (6,140,484)
Net loss per share - basic
Net loss per share - diluted
Weighted average number of common shares outstanding, basic
Weighted average number of common shares outstanding, diluted
Revenues [Member]
Income
Total Income	$ 527,588	$ 586,643	$ 1,392,916	$ 1,509,294
Sales Discounts [Member]
Income
Total Income	0	0	0	0
Merchandise Account Fees [Member]
Cost of Goods Sold
Total COGS	0	0	0	0
Professional Fees R T S [Member]
Cost of Goods Sold
Total COGS	241,566	324,138	533,709	930,855
Amortization R T S [Member]
Cost of Goods Sold
Total COGS	$ 526,176	$ 503,281	$ 1,588,583	$ 1,346,374

Condensed Consolidated Statements of Comprehensive Loss - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net loss	$ (409,929)	$ (1,180,537)	$ 408,436	$ (6,140,484)
Other comprehensive income (loss):	992	488	2,934	2,335
Foreign currency translation adjustments	(31,915)	(12,413)	(4,792)	(44,584)
Total comprehensive loss	$ (440,851)	$ (1,192,462)	$ 406,577	$ (6,182,732)

Condensed Consolidated Statements of Shareholders' Equity - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2022	$ 2,234	$ 22,700	$ 32,493,023	$ (12,450,797)	$ 0	$ 20,067,160
Balance, shares at Dec. 31, 2022	1,415,867	227,001,268
Change in Preferred shares	$ 7,289					7,289
Change in preferred shares, shares	3,176,598
Change in Ordinary shares		$ 53,192				53,192
Change in ordinary shares, shares		531,924,854
Change in Additional Paid in Capital			28,728,646			28,728,646
Change in Accumulated Deficit				(6,185,068)		(6,185,068)
Change in Non-Controlling Interest					11,020	11,020
Balance at Sep. 30, 2023	$ 9,523	$ 75,893	61,221,669	(18,635,864)	11,020	42,682,240
Balance, shares at Sep. 30, 2023	4,592,465	758,926,122
Balance at Jun. 30, 2023	$ 8,431	$ 29,490	60,325,425	(17,423,156)	11,020	42,951,210
Balance, shares at Jun. 30, 2023	1,979,188	686,486,378
Change in Preferred shares	$ 1,092					1,092
Change in preferred shares, shares	2,613,277
Change in Ordinary shares		$ 46,403				46,403
Change in ordinary shares, shares		72,439,744
Change in Additional Paid in Capital			896,243			896,243
Change in Accumulated Deficit				(1,212,708)		(1,212,708)
Change in Non-Controlling Interest						0
Balance at Sep. 30, 2023	$ 9,523	$ 75,893	61,221,669	(18,635,864)	11,020	42,682,240
Balance, shares at Sep. 30, 2023	4,592,465	758,926,122
Balance at Dec. 31, 2023	$ 13,881	$ 81,280	61,939,774	(19,023,956)	11,020	43,021,998
Balance, shares at Dec. 31, 2023	4,994,194	812,799,962
Change in Preferred shares	$ 25,158					25,158
Change in preferred shares, shares	3,406,841
Change in Ordinary shares		$ (3,654)				(3,654)
Change in ordinary shares, shares		(36,535,110)
Change in Additional Paid in Capital			442,799			442,799
Change in Accumulated Deficit				371,291		371,291
Change in Non-Controlling Interest						0
Balance at Sep. 30, 2024	$ 39,039	$ 77,626	62,382,573	(18,652,665)	11,020	43,857,593
Balance, shares at Sep. 30, 2024	8,401,035	776,264,852
Balance at Jun. 30, 2024	$ 15,381	$ 83,120	62,085,377	(18,500,650)	11,020	43,694,247
Balance, shares at Jun. 30, 2024	5,045,230	831,200,562
Change in Preferred shares	$ 23,658					23,658
Change in preferred shares, shares	3,355,805
Change in Ordinary shares		$ (5,494)				(5,494)
Change in ordinary shares, shares		(54,935,710)
Change in Additional Paid in Capital			297,197			297,197
Change in Accumulated Deficit				(152,015)		(152,015)
Change in Non-Controlling Interest						0
Balance at Sep. 30, 2024	$ 39,039	$ 77,626	$ 62,382,573	$ (18,652,665)	$ 11,020	$ 43,857,593
Balance, shares at Sep. 30, 2024	8,401,035	776,264,852

Condensed Statement of Cash Flow - USD ($)	3 Months Ended		9 Months Ended
Condensed Statement of Cash Flow - USD ($)	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
OPERATING ACTIVITIES
Net Income	$ (409,929)	$ (1,180,537)	$ 408,436	$ (6,140,484)
Adjustments to reconcile Net Income to net cash provided by operations:
Amortization	25,235	(32,415)	(2,833)	(21,617)
Stock based compensation	529,558	500,665	1,589,178	1,344,450
Foreign currency translation adjustments	97,510	327,340	100,760	4,053,961
Changes in operating assets and liabilities:
Accounts Receivable	(22,002)	(160,293)	(2,117,459)	134,175
Accounts Payable	(29,443)	298,119	13,172	439,020
Other Current Assets	32,612	(47,106)	(63,500)	(68,171)
Other Current Liabilities	58,850	75,887	223,580	61,890
Total Adjustments to reconcile Net Income to Net Cash provided by operations:	692,321	962,198	(257,102)	5,943,708
Net cash provided by Operating Activities	282,392	(218,340)	151,334	(196,776)
INVESTING ACTIVITIES
Long Term Investments	0	0	(5,000)	(5,360)
Purchase of Intangible Assets	(424,430)	(240,000)	(467,837)	(1,250,000)
Cash proceed for sale of investments	0	0	0	0
Property & Equipment	0	0	0	0
Deposits	0	0	0	0
Security Deposits Asset	0	0	0	0
Net cash provided by Investing Activities	(424,430)	(240,000)	(472,837)	(1,255,360)
FINANCING ACTIVITIES
Proceed from sale of Stock	136,710	554,539	223,511	1,347,602
Contribution by owners	0	0	0	0
Dividends Paid	0	0	0	0
Proceed from note payable	0	49,953	70,000	269,953
Net cash provided by Financing Activities	136,710	604,492	293,511	1,617,555
Net cash increase for period	(5,328)	146,152	(27,992)	165,419
Cash at beginning of period	7,970	43,425	30,634	24,159
Cash at end of period	$ 2,641	$ 189,577	$ 2,641	$ 189,577

NATURE OF BUSINESS AND BASIS OF PRESENTATION

9 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

NATURE OF BUSINESS AND BASIS OF PRESENTATION

NOTE 1 - NATURE OF BUSINESS AND BASIS OF PRESENTATION

●	The transfer of our jewelry business operations existing on the date of the Indemnity Agreement (the “BMI Business”);
●	The assumption by Ms. Kurland of all liabilities of our Company and the indemnification by Ms. Kurland holding our Company harmless for any and all liabilities arising at or before the date of the Indemnity Agreement;
●	The payment by NuGene to Ms. Kurland of $350,000 in cash; and
●	The surrender by Ms. Kurland of 15,000,000 shares (before giving effect to the Stock Split discussed below) (the “Indemnity Shares”) of our Company’s common stock representing 95% of the then outstanding common stock (all of which shares have been deemed cancelled by the Company).

By 2017, our cosmeceutical skincare business had been discontinued as we could not obtain financing for operations on reasonable terms and became inactive. Our corporate charter was revoked in Nevada

PRINCIPLIES OF CONSOLIDATION

9 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

PRINCIPLIES OF CONSOLIDATION

NOTE 2 – PRINCIPLIES OF CONSOLIDATION

These consolidated financial statements and related notes are presented by accounting principles generally accepted in the United States and are expressed in US dollars.

Use of Estimates

Risks and Uncertainties

Reclassifications

Inventories

The Company doesn’t have inventories as we work only as service provider.

Property and Equipment

Our property, plant, and equipment on September 30, 2024, consists of our software product Elisee, Novelti programs and BOXO Productions projects including games and movies.

Payable and Accrued Expenses

Revenue Recognition

Concentration of Revenues

Cost of Revenues

Research and Development

Allowance for Doubtful Accounts

Convertible Financial Instruments

Share Based Payments

Net Loss per Share of Common Stock

Recent Accounting Standards Updates

FIXED ASSETS

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

FIXED ASSETS

NOTE 3 – FIXED ASSETS

A&I machine learning program

Acquisition of the assets e.g. name of the intangible asset		A&I machine learning program

what the intangible assets is to be used for		Contains algorithms and code to analyze large portions of data within closed portfolio of items to set their best performing distribution within the portfolio.

Duration for the construction / completion of the intangible assets		Development started in 2018 and continues to present time. Company has several consultants and pays data and servers to upgrade and finalize the system.

Expectation of revenue generation from the acquisition of the asset		The asset currently generates app USD 1,5 million per year and we expect from 2024 to produce USD 2,5 million as we can offer upgraded version to more clients.

Expected useful life of the assets upon completion		Based on the recommendation from the system developers and technological changes the company policy is to amortize AI Learning Program for 3 years. The company will conduct an annual impairment test to reassess that our assumptions on the estimated useful life.

Amount expended on research about the internally developed asset and the statement that the research cost has been expensed, because only the development cost will be acceptable.		Research expenses are currently USD 5,792,230 including initial acquisition of the asset and continues investments into data, consultants, and servers. These expenses don’t include general costs, marketing and other indirect costs occurred during the time.

Movie projects

Acquisition of the assets e.g. name of the intangible asset		Movie Projects and Entertainment projects

what the intangible assets is to be used for		We invest into movie and game development projects and this asset class contains intellectual rights to books, movies, scripts. We further develop the asset via developing complete movie script that is further offered to large distribution studios in entertainment industry that will sell the project so BOXO can produce the asset to full movie. Assets as well can be separately sold if there is buyer with interest.

Duration for the construction / completion of the intangible assets		Each movie or game asset needs 15-18 months to reach completion.

Expectation of revenue generation from the acquisition of the asset		Asset once pre-sold to distributor receives 40% margin revenue and once in cinemas and /or online streamers, BOXO receives revenue share in share of 15-25%.

Expected useful life of the assets upon completion		Movie asset package has expected value for 15 years.

Amount expended on research about the internally developed asset and the statement that the research cost has been expensed, because only the development cost will be acceptable.

PROMISSORY NOTES PAYABLE AND ADVANCES

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

PROMISSORY NOTES PAYABLE AND ADVANCES

NOTE 4 - PROMISSORY NOTES PAYABLE AND ADVANCES

As of the date of this report, we have not issued any debt securities.

STOCKHOLDER’S EQUITY

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

STOCKHOLDER’S EQUITY

NOTE 5 - STOCKHOLDER’S EQUITY

Common Shares

As of September 30, 2024, the company issued a total 776,264,852 common shares with $0.0001 par value.

Preferred Shares

As of September 30, 2024, the company issued 5 classes of preference shares.

	●	Preferred shares A, $0.0001 par value, 100 shares Authorized, and 100 shares issued – Holder shall have the right to vote on all shareholder matters equal to fifty-one percent (51%) of the total vote. Current holder is Mr. David Stybr.
	●	Preferred shares C, $0.0001 par value, 10,000,000 shares Authorized, and 4,502,456 shares issued,
	●	Preferred shares D, $0.01 par value, 4,000,000 shares Authorized, and 3,858,479 shares issued,
	●	Preferred shares E, $0.0001 par value, 40,000 shares Authorized, and 25,000 shares issued,
	●	Preferred shares F, $0.0001 par value, 75,000 shares Authorized, and 15,000 shares issued.

Common Stock Options

None

Common Stock Warrants

None, all previous were converted.

COMMITMENTS AND CONTINGENCIES

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 6 - COMMITMENTS AND CONTINGENCIES

Commitments

At September 30, 2024, aggregate future minimum payments under the lease, including common area maintenance costs, are as follows:

SCHEDULE OF FUTURE MINIMUM PAYMENTS


2024	$	56,000
2025	$	59,000
2026	$	61,000

Total	$	176,000

Legal Proceedings

Company currently doesn’t have any active legal proceedings .

SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2024

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 7 - SUBSEQUENT EVENTS

Livento Group finalized form10 procedure with SEC and got approval on 1th of November 2023.

PRINCIPLIES OF CONSOLIDATION (Policies)	9 Months Ended
PRINCIPLIES OF CONSOLIDATION (Policies)	Sep. 30, 2024
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates Conformity with GAAP requires the use of estimates and judgments that affect the reported amounts in the financial statements and accompanying notes. These estimates form the basis for judgments we make about the carrying values of our assets and liabilities that are not readily apparent from other sources. We base our estimates and judgments on historical information and on various other assumptions that we believe are reasonable under the circumstances. GAAP requires us to make estimates and judgments in several areas, including but not limited to, those related to revenue recognition, collectability of accounts receivable, contingent liabilities, fair value of financial instruments, fair value of acquired intangible assets and goodwill, useful lives of intangible assets and property and equipment, excess and obsolete inventory, deferred tax asset valuation and income taxes. These estimates are based on management’s knowledge about current events and expectations about actions we may undertake in the future. Actual results could differ materially from those estimates.
Risks and Uncertainties	Risks and Uncertainties The Company operates in an industry that is subject to rapid change. The Company’s operations are subject to significant risk and uncertainties including financial, operational, technological, regulatory, and other risks, including the potential of business failure.
Reclassifications	Reclassifications For comparability, certain prior period amounts have been reclassified, where appropriate, to conform to the current year’s financial statement presentation. These reclassifications have no impact on net loss.
Inventories	Inventories The Company doesn’t have inventories as we work only as service provider.
Property and Equipment	Property and Equipment Our property, plant, and equipment on September 30, 2024, consists of our software product Elisee, Novelti programs and BOXO Productions projects including games and movies.
Payable and Accrued Expenses	Payable and Accrued Expenses Accounts payable and accrued expenses are carried at amortized cost and represent liabilities for goods and services provided to the Company prior to the end of the financial year that are unpaid and arise when the Company becomes obliged to make future payments in respect of the purchase of these goods and services.
Revenue Recognition	Revenue Recognition The Company adopted ASC 606 requires using a new five-step model to recognize revenue from customer contracts. The five-step model requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients. The Company has concluded that the new guidance did not require any change to its revenue recognition processes. The Company recognizes software service fees over time as performance obligations are satisfied over the life of the service, usually, with an average duration of one year. Payments received in advance from customers are recorded as “Deferred revenues.” Such advance payments received are non-refundable after the thirty days refund period. The cost of revenue consists primarily of the outsourced information technology support service, internal employees, consultants, service charges for cloud computing, and related expenses, which are directly attributable to the revenues.
Concentration of Revenues	Concentration of Revenues Livento Group has been operating in the US and Europe since 2019, and on June 30, 2022, it was acquired by Nugene International, Inc., which subsequently changed its name to Livento Group, Inc. We had revenue of $527,588 in the third quarter of 2024. These came from sales of Elisee in amount of $315,200, our management services for Global Dot Logistics for $262,388. Elisee clients have one- or two-years contracts of using our services, but loss of any of our major clients could significantly decrease our revenues and impede our future growth prospects. Our management sercies are decreasing as we are shifting focus to movies.
Cost of Revenues	Cost of Revenues Cost of revenues include all the costs to produce the Company’s services. For Elisee it includes software, data and professional fees incurred with its development. For movies mainly professional fees of people working on the projects. It consists of Amortization of Intangible Assets in amount of $526,176, Professional fees of key professionals and consulting fee that is related to generation of income from the Elisee in amount of $241,565.
Research and Development	Research and Development Internal research and development costs are expensed as incurred. Third-party research and development costs are expensed when the contracted work has been performed. Research and development consist of consulting fees, direct labor and services associated with the development of Elisee functionality and Novelti developments.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts Our Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments. Company currently don’t have any doubtful accounts as its managing its receivables on time and as planned with clients.
Convertible Financial Instruments	Convertible Financial Instruments The Company bifurcates conversion options from their host instruments and accounts for them as free-standing derivative financial instruments if certain criteria are met. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. An exception to this rule is when the host instrument is deemed to be conventional, as that term is described under applicable GAAP. When the Company has determined that the embedded conversion options should not be bifurcated from their host instruments, discounts are recorded for the intrinsic value of conversion options embedded in the instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the transaction and the effective conversion price embedded in the instrument. Debt Discounts - Debt discounts under these arrangements are amortized to interest expense using the interest method over the earlier of the term of the related debt or their earliest date of redemption. Loss on Issuance - The conversion features of the notes were bifurcated from the host instrument as its conversion terms were not indexed to the Company’s own stock. In addition, the warrants associated with the debt instruments were also treated as a free-standing derivative liability. Common Stock Purchase Warrants and Derivative Financial Instruments - Common stock purchase warrants and other derivative financial instruments are classified as equity if the contracts (1) require physical settlement or net-share settlement or (2) give the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). Contracts which (1) require net-cash settlement (including a requirement to net cash settle the contract if an event occurs and if that event is outside the control of the Company), (2) give the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement), or (3) that contain reset provisions that do not qualify for the scope exception are classified as liabilities. The Company assesses classification of its common stock purchase warrants and other derivatives at each reporting date to determine whether a change in classification between equity and liabilities is required. Beneficial conversion feature – The issuance of the convertible debt generated a beneficial conversion feature (“BCF”), which arises when a debt or equity security is issued with an embedded conversion option that is beneficial to the investor or in the money at inception because the conversion option has an effective strike price that is less than the market price of the underlying stock at the commitment date. The Company recognized the BCF by allocating the intrinsic value of the conversion option, which is the number of shares of common stock available upon conversion multiplied by the difference between the effective conversion price per share and the fair value of common stock per share on the commitment date, resulting in a discount on the convertible debt (recorded as a component of additional paid-in capital).
Share Based Payments	Share Based Payments The Company recognizes compensation expense for all equity-based payments in accordance with ASC 718 - Share-based payments. Under ASC 718’s fair value recognition provisions, the Company recognizes equity-based compensation net of an estimated forfeiture rate and recognizes compensation cost only for those shares expected to vest over the requisite service period of the award. Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the accompanying condensed consolidated statements of operations based on the fair values of the related payments. Such expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period). The Company accounts for share-based payments granted to non-employees in accordance with ASC 505 - Equity Based Payments to Non-Employees. The Company determines the fair value of the stock-based payment as either the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. If the fair value of the equity instruments issued is used, it is measured using the stock price and other measurement assumptions as of the earlier of either (1) the date at which a commitment for performance by the counterparty to earn the equity instruments is reached, or (2) the date at which the counterparty’s performance is complete.
Net Loss per Share of Common Stock	Net Loss per Share of Common Stock The Company computes net loss per share in accordance with ASC 260 - Earnings Per Share. ASC 260 requires presentation of both basic and diluted net loss per share on the face of the statements of operations. Basic net loss per share is calculated by dividing the loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted net loss per share is determined by adjusting the loss attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all potential dilutive common shares, such as stock issuable pursuant to the exercise of stock warrants or the conversion of preferred stock into common stock. Common stock equivalents totaling 831,244,362 as of September 30, 2024 were not included in the computation of diluted earnings per share on the condensed consolidated statements of operations because the Company reported a net loss during the three months ended September 30, 2024, and December 31, 2023 and therefore the effect would be anti-dilutive.
Recent Accounting Standards Updates	Recent Accounting Standards Updates Topic 606, Revenue from Contracts with Customers, of the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC). The guidance in ASC 606 was originally issued by the FASB in May 2014 in Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606). Since then, the FASB has issued several ASUs that have revised or clarified the guidance in ASC 606. The Company is in the process of evaluating the impact of this accounting standard update. On June 20, 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-07, Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. ASU 2018-07 is intended to reduce cost and complexity and to improve financial reporting for share-based payments to nonemployees (for example, service providers, external legal counsel, suppliers, etc.). Under the new standard, companies will no longer be required to value non-employee awards differently from employee awards. Meaning that companies will value all equity classified awards at their grant-date under ASC718 and forgo revaluing the award after this date. The guidance is effective for interim and annual periods beginning after December 15, 2018. In January 2017, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) 2017-01, Business Combinations (Topic 805) Clarifying the Definition of a Business. The amendments in this update clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. The guidance is effective for interim and annual periods beginning after December 15, 2017 and should be applied prospectively on or after the effective date. The Company is in the process of evaluating the impact of this accounting standard update. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 requires lessees to recognize lease assets and lease liabilities on the balance sheet and requires expanded disclosures about leasing arrangements. ASU 2016-02 is effective for fiscal years beginning after December 31, 2018 and interim periods in fiscal years beginning after December 31, 2018, with early adoption permitted. The Company is in the process of evaluating the impact of this accounting standard update. The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

SCHEDULE OF FUTURE MINIMUM PAYMENTS

At September 30, 2024, aggregate future minimum payments under the lease, including common area maintenance costs, are as follows:

SCHEDULE OF FUTURE MINIMUM PAYMENTS


2024	$	56,000
2025	$	59,000
2026	$	61,000

Total	$	176,000

NATURE OF BUSINESS AND BASIS OF PRESENTATION (Details Narrative) - USD ($)			3 Months Ended			9 Months Ended
	Dec. 29, 2014	Dec. 26, 2014	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2014	Sep. 30, 2024	Sep. 30, 2023	Jan. 26, 2020
Cash proceeds from sale of stock			$ 136,710	$ 554,539		$ 223,511	$ 1,347,602
Promissory Note [Member]
Note amount								$ 120,000
Stock Placement [Member]
Proceeds from sale of stock	$ 2,000,000
Cash proceeds from sale of stock	1,625,000
Stock Placement [Member] \| Promissory Note [Member]
Note principal amount converted	$ 375,000
Common Stock [Member] \| Stock Placement [Member]
Sale of stock shares	2,000,000
Director [Member]
Reverse stock split description		our board of directors approved a 15.04 to one stock split (“Stock Split”) in the form of a stock dividend to holders of our common stock as of that date. To affect that board action, each recipient of the stock dividend would receive 14.04 additional shares of common stock for every share of common stock held
Bling Marketing Inc [Member]
Sales revenue					$ 22,025
NuGene Inc. [Member] \| Nugene Merger Agreement [Member] \| Series A Preferred Stock [Member]
Stock issued during acquisition		1,917,720
Preferred stock conversion terms		initially convertible into common stock at a ratio of one to one
Preferred stock rights description		as long as there were a minimum of 900,000 shares of Series A Preferred Stock outstanding, the holders of the Series A Preferred Stock had the right to elect a majority of the board of directors
Stock issued during period shares new issues		900,000
Preferred stock voting rights		the holders of the Series A Preferred Stock, generally voting as a class with the holders of common stock, had for each share of Series A Preferred Stock three times the number of votes permitted to each share of common stock
NuGene Inc. [Member] \| Nugene Merger Agreement [Member] \| Common Stock [Member]
Stock issued during acquisition		26,052,760
NuGene Inc. [Member] \| Ms. Kurland [Member]
Cash payment for acquisition	$ 350,000
Shares surrendered	15,000,000
Common stock, percentage	95.00%

PRINCIPLIES OF CONSOLIDATION (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Product Information [Line Items]
Revenue	$ 527,588	$ 586,643	$ 1,392,916	$ 1,509,294
Amortization of intangible assets			$ 526,176
Number of antidilutive securities			831,244,362
Elisee [Member]
Product Information [Line Items]
Revenue	315,200
Cost of revenue			$ 241,565
Service [Member] \| Global Dot Logistics Inc [Member]
Product Information [Line Items]
Revenue	$ 262,388

FIXED ASSETS (Details Narrative)	9 Months Ended
FIXED ASSETS (Details Narrative)	Sep. 30, 2024 USD ($)
A&I Machine Learning Program [Member]
Indefinite-Lived Intangible Assets [Line Items]
Intangible asset description	The asset currently generates app USD 1,5 million per year and we expect from 2024 to produce USD 2,5 million as we can offer upgraded version to more clients
Useful life	3 years
Research expense	$ 5,792,230
Movie Projects [Member]
Indefinite-Lived Intangible Assets [Line Items]
Intangible asset description	Asset once pre-sold to distributor receives 40% margin revenue and once in cinemas and /or online streamers, BOXO receives revenue share in share of 15-25%
Useful life	15 years

STOCKHOLDER’S EQUITY (Details Narrative)	9 Months Ended
STOCKHOLDER’S EQUITY (Details Narrative)	Sep. 30, 2024 $ / shares shares
Class of Stock [Line Items]
Common stock, shares issued	776,264,852
Common stock, par value \| $ / shares	$ 0.0001
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value \| $ / shares	$ 0.0001
Preferred stock, shares authorized	100
Preferred stock, shares issued	100
Series A Preferred Stock [Member] \| Mr. David Stybr [Member]
Class of Stock [Line Items]
Preferred stock, voting rights	right to vote on all shareholder matters equal to fifty-one percent (51%) of the total vote.
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value \| $ / shares	$ 0.0001
Preferred stock, shares authorized	10,000,000
Preferred stock, shares issued	4,502,456
Series D Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value \| $ / shares	$ 0.01
Preferred stock, shares authorized	4,000,000
Preferred stock, shares issued	3,858,479
Series E Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value \| $ / shares	$ 0.0001
Preferred stock, shares authorized	40,000
Preferred stock, shares issued	25,000
Series F Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, par value \| $ / shares	$ 0.0001
Preferred stock, shares authorized	75,000
Preferred stock, shares issued	15,000

SCHEDULE OF FUTURE MINIMUM PAYMENTS (Details)	Sep. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024	$ 56,000
2025	59,000
2026	61,000
Total	$ 176,000

COMMITMENTS AND CONTINGENCIES (Details Narrative)	9 Months Ended
COMMITMENTS AND CONTINGENCIES (Details Narrative)	Sep. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Operating lease expense	$ 4,500
Annual increase in monthly payment, percentage	3.00%