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 UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2023

☐	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from _________ to ___________

Accredited Solutions, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Nevada		000-54509		45-2578051
(State of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

20311 Chartwell Center Drive, Suite 1469

Cornelius, North Carolina 28031

1-800-947-9197

(Address of principal executive offices) (Zip code)

(Issuer’s telephone number)

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

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Not applicable.	Not applicable.	Not applicable.

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

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to 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 checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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

As of January 12, 2024, there were 712,296,778 shares of common stock, par value $0.001 per share issued, issuable and outstanding.

ACCREDITED SOLUTIONS, INC.

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

INDEX TO FINANCIAL STATEMENTS

Condensed Consolidated Balance Sheets as of September 30, 2023 (Unaudited) and December 31, 2022		3

Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2023 and 2022 (Unaudited)		4

Condensed Consolidated Statement of Stockholders’ Deficit as of September 30, 2023 and 2022 (Unaudited)		5

Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2023 and 2022 (Unaudited)		6

Notes to Condensed Consolidated Financial Statements (Unaudited)		7

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ACCREDITED SOLUTIONS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

	September 30, 2023			December 31, 2022
ASSETS
Current assets
Cash	$	55,880		$	1,418
Accounts receivable		80,821			51,224
Prepaid expenses		-			2,422
Current assets held for sale		-			266,251
Total current assets		136,701			321,315

Other assets
Property, plant and equipment, net		63,479			86,446
Goodwill		302,215			302,215
Intellectual property		100,000			105,000
Total assets	$	602,395		$	814,976

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts payable	$	214,969		$	104,939
Advances from related parties		24,450			-
Accrued liabilities		2,169			3,751
Interest payable		527,974			455,825
Interest payable to related parties		152,510			133,494
Notes payable		29,100			29,100
Convertible notes, net of discounts		438,649			529,887
Convertible notes to related parties, net of discounts		374,102			395,000
Derivative liabilities		4,461,733			2,838,278
Current liabilities held for sale		-			200,149
Total current liabilities		6,225,656			4,690,423
Total liabilities		6,225,656			4,690,423

Stockholders' deficit
Preferred stock - Class A - 30,000,000 shares authorized, $0.001 par value, 14,000 shares issued and outstanding		14			14
Common stock - 750,000,000 shares authorized, $0.001 par value, 712,296,778 and 339,277,449 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively		712,297			339,277
Additional paid in capital		2,022,177			2,170,342
Accumulated deficit		(8,357,749	)		(6,385,080	)
Total stockholders' deficit		(5,623,261	)		(3,875,447	)
Total liabilities and stockholders' deficit	$	602,395		$	814,976

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

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ACCREDITED SOLUTIONS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

	For the Three Months Ended						For the Nine Months Ended
	September 30, 2023			September 30, 2022			September 30, 2023			September 30, 2022
Net sales	$	164,515		$	206,520		$	543,116		$	319,590
Cost of sales		121,616			166,466			414,646			248,554
Gross profit		42,899			40,054			128,470			71,036

Operating expenses
General and administrative expenses		70,717			128,104			187,752			206,161
Depreciation and amortization expense		6,478			7,079			22,967			10,933
Total operating expenses		77,195			135,183			210,719			217,094
Operating loss		(34,296	)		(95,129	)		(82,249	)		(146,058	)

Other income (expense)
Change in derivative liabilities		(169,306	)		1,101,870			(1,623,455	)		3,890,256
Interest expense		(47,369	)		(149,307	)		(142,564	)		(320,882	)
Loan fees		-			(3,996	)		-			(13,806	)
Loss on extinguishment of debt		-			(367,359	)		(60,320	)		(1,068,278	)
Gain on investment in subsidiaries		-			-			133,170			-
Total other income (expense)		(216,675	)		581,208			(1,693,169	)		2,487,290
Net income (loss) from continuing operations		(250,971	)		486,079			(1,775,418	)		2,341,232
Net loss from discontinued operations		-			(2,665	)		(197,251	)		(5,565	)
Net income (loss)	$	(250,971	)	$	483,414		$	(1,972,669	)	$	2,335,667

Net income (loss) per share from continuing operations - basic	$	(0.00	)	$	0.00		$	(0.00	)	$	0.02
Net loss per share from discontinued operations - basic	$	-		$	(0.00	)	$	(0.00	)	$	(0.00	)
Net income (loss) per share - basic	$	(0.00	)	$	0.00		$	(0.00	)	$	0.02
Net income (loss) per share - diluted	$	(0.00	)	$	0.00		$	(0.00	)	$	0.00

Weighted average number of common shares - basic		700,280,474			225,222,172			607,719,617			155,077,168
Weighted average number of common shares - diluted		700,280,474			659,486,500			607,719,617			814,563,668

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

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ACCREDITED SOLUTIONS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT

(Unaudited)

											Additional
	Preferred Stock				Common Stock						Paid-in			Accumulated
	Shares		Amount		Shares			Amount			Capital			Deficit			Total
Balance, December 31, 2022		14,000	$	14		39,277,449		$	339,277		$	2,170,342		$	(6,385,080	)	$	(3,875,447	)
Issuance of common stock for conversion of note payable		-		-		262,469,031			262,469			(69,583	)		-			192,886
Issuance of common stock for services		-		-		20,000,000			20,000			(2,000	)		-			18,000
Net loss for the period		-		-		-			-			-			(231,451	)		(231,451	)
Balance, March 31, 2023		14,000		14		621,746,480			621,746			2,098,759			(6,616,531	)		(3,896,012	)
Issuance of common stock for conversion of note payable		-		-		62,050,298			62,051			(42,782	)		-			19,269
Issuance of common stock for services		-		-		(20,000,000	)		(20,000	)		2,000			-			(18,000	)
Issuance of common stock for sponsorship agreement		-		-		15,000,000			15,000			(9,000	)		-			6,000
Net loss for the period		-		-		-			-			-			(1,490,247	)		(1,490,247	)
Balance, June 30, 2023		14,000		14		678,796,778			678,797			2,048,977			(8,106,778	)		(5,378,990	)
Issuance of common stock for conversion of note payable		-		-		33,500,000			33,500			(26,800	)		-			6,700
Net loss for the period		-		-		-			-			-			(250,971	)		(250,971	)
Balance, September 30, 2023		14,000	$	14		712,296,778		$	712,297		$	2,022,177		$	(8,357,749	)	$	(5,623,261	)

											Additional
	Preferred Stock				Common Stock						Paid-in			Accumulated
	Shares		Amount		Shares			Amount			Capital			Deficit			Total
Balance, December 31, 2021		-	$	-		102,500,000		$	102,500		$	(80,288	)	$	(40	)	$	22,172
Net loss for the period		-		-		-			-			-			(2,816	)		(2,816	)
Balance, March 31, 2022		-		-		102,500,000			102,500			(80,288	)		(2,856	)		19,356
Issuance of common stock for cash		-		-		3,000,000			3,000			117,000			-			120,000
Cancellation of common stock		-		-		(5,500,000	)		(5,500	)		5,500			-			-
Reverse merger acquisition		-		-		37,889,368			37,890			99,000			(6,353,353	)		(6,216,463	)
Issuance of common stock for conversion of note payable		-		-		47,104,796			47,105			1,205,235			-			1,252,340
Net loss for the period		-		-		-			-			-			1,855,069			1,855,069
Balance, June 30, 2022				-		184,994,164			184,995			1,346,447			(4,501,140	)		(2,969,698	)
Issuance of common stock for conversion of note payable		-		-		84,676,413			84,676			747,122			-			831,798
Net loss for the period		-		-		-			-			-			483,414			483,414
Balance, September 30, 2022		-	$	-		269,670,577		$	269,671		$	2,093,569		$	(4,017,726	)	$	(1,654,486	)

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

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ACCREDITED SOLUTIONS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	For the Nine Months Ended
	September 30, 2023			September 30, 2022
Cash flows from operating activities:
Net income (loss)	$	(1,972,669	)	$	2,335,667
Net income (loss) from discontinued operations		197,251			5,565
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		22,967			10,933
Stock issued for debt payment		-			183,036
Stock issued for sponsorship agreement		6,000			-
Loss on extinguishment of debt		60,320			1,068,278
Gain on investment of subsidiary		(133,170	)		-
Gain on derivative liabilities		1,623,455			(3,890,256	)
Changes in operating assets and liabilities:
Accounts receivable		(29,597	)		(17,305	)
Prepaid expenses		2,422			22,642
Accounts payable		110,029			6,597
Accrued liabilities		(1,582	)		(322	)
Interest payable		116,386			133,679
Interest payable to related parties		26,178			13,616
Operating cash flows from discontinued operations		(37,487	)		(18,804	)
Net cash used in operating activities		(9,497	)		(146,674	)

Cash flows from investing activities:
Investing activities of discontinued operations		(541	)		-
Net cash used in investing activities		(541	)		-

Cash flows from financing activities:
Proceeds from convertible notes payable, net of discounts		-			125,000
Proceeds from advances from related parties		24,450			-
Financing activities of discontinued operations		5,500			120,000
Net cash provided by financing activities		29,950			245,000

Net change in cash		19,912			98,326
Cash and cash equivalents - beginning of period		35,968			34,494
Cash and cash equivalents - end of period		55,880			132,820
Cash and cash equivalents of discontinued operations		-			(106,590	)
Cash and cash equivalents of continuing operations	$	55,880		$	26,230

Supplemental disclosures of cash flow information:
Cash paid for interest	$	-		$	-
Cash paid for income taxes	$	-		$	883

Supplemental non-cash information
Intangible assets sold for reduction of convertible note - related parties	$	5,000		$	-
Conversion of notes payable into common stock	$	158,536		$	2,084,138

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

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ACCREDITED SOLUTIONS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2023

(Unaudited)

NOTE 1 – NATURE OF OPERATIONS

Accredited Solutions, Inc. (the “Company” or “Accredited”), formerly known as Keyser Resources, Inc., Lone Star Gold, Inc. and Good Hemp, Inc., was incorporated in the State of Nevada on November 26, 2007.

Effective May 11, 2022, the Company completed a Plan and Agreement of Merger (the “PXS Merger Agreement”) with Petro X Solutions, Inc., a Wyoming corporation (“PXS”), with PXS becoming our wholly-owned subsidiary as a result of the PXS Merger. Pursuant to the PXS Merger Agreement, as amended, an aggregate of 120,000,000 shares of Company common stock were issued to the shareholders of PXS in the PXS Merger. PXS markets competitively-priced, environmentally-friendly products that are designed to work as well as or better than their toxic competitors.

PXS is being treated as discontinued operations in the consolidated financial statements.

The Company’s operations are centered on those of Diamond Creek Group and its bottled water products.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company follows the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America and has a year-end of December 31^st.

Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented.

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of Accredited Solutions, Inc., its wholly-owned subsidiary, Diamond Creek Group, LLC, and its former subsidiary Petro X Solutions, Inc. (collectively, the “Company”). All intercompany accounts have been eliminated upon consolidation.

Condensed Financial Statements

The unaudited condensed financial statements of the Company for the nine month periods ended September 30, 2023 and 2022, have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Regulation S-K. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. However, such information reflects all adjustments (consisting solely of normal recurring adjustments), which are, in the opinion of management, necessary for the fair presentation of the financial position and the results of operations. Results shown for interim periods are not necessarily indicative of the results to be obtained for a full fiscal year. The balance sheet information as of December 31, 2022, was derived from the audited financial statements included in the Company’s financial statements as of and for the year ended December 31, 2022, included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission. These unaudited condensed financial statements should be read in conjunction with that report.

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Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the recoverability of long-lived assets and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

Impairment of Long-Lived Assets

Long-lived assets and certain identifiable intangible assets to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Determination of recoverability is based on an estimate of undiscounted future cash flows resulting from the use of the asset and its eventual disposition. Measurement of an impairment loss for long-lived assets and certain identifiable intangible assets that management expects to hold and use is based on the fair value of the asset. Long-lived assets and certain identifiable intangible assets to be disposed of are reported at the lower of carrying amount or fair value less costs to sell.

Goodwill and Other Intangible Assets

Goodwill and indefinite-lived intangible assets are not amortized, but are evaluated for impairment annually or when indicators of a potential impairment are present. Our impairment testing of goodwill is performed separately from our impairment testing of indefinite-lived intangibles. The annual evaluation for impairment of goodwill and indefinite-lived intangibles is based on valuation models that incorporate assumptions and internal projections of expected future cash flows and operating plans. We believe such assumptions are also comparable to those that would be used by other marketplace participants. We evaluate a number of factors to determine whether an indefinite life is appropriate, including the competitive environment, market share, brand history, product life cycles, operating plans and the macroeconomic environment of the countries in which the brands are sold. When certain events or changes in operating conditions occur, an impairment assessment is performed and indefinite-lived brands may be adjusted to a determinable life. The cost of intangible assets with determinable useful lives is amortized to reflect the pattern of economic benefits consumed, either on a straight-line or accelerated basis over the estimated periods benefited. Patents, technology and other intangibles with contractual terms are generally amortized over their respective legal or contractual lives. Customer relationships, brands and other non-contractual intangible assets with determinable lives are amortized over periods generally ranging from 5 to 30 years. When certain events or changes in operating conditions occur, an impairment assessment is performed and lives of intangible assets with determinable lives may be adjusted.

Fair Value of Financial Instruments

The FASB issued ASC 820-10, Fair Value Measurements and Disclosures, for financial assets and liabilities. ASC 820-10 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value:

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- Level 1: Quoted prices in active markets for identical assets or liabilities

- Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.

- Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Determining which category an asset or liability falls within the hierarchy requires significant judgment. We evaluate our hierarchy disclosures each quarter.

Cash and Cash Equivalents

For purposes of the statement of cash flows, cash equivalents include demand deposits, money market funds, and all highly liquid debt instructions with original maturities of three months or less.

The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.

Inventory

Inventory consisting of raw materials and finished product is stated at the lower of cost (first in, first out method) or net realizable value.

Concentration and Credit Risk

The Company does not have any financial asset and therefore is not exposed to any credit risks.

Cash - The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.

Accounts Receivable and Allowance for Doubtful Accounts

Trade accounts receivable consists of product sales to customers. Trade accounts receivable are generally due 30 days after issuance of the invoice. Receivables past due more than 120 days are considered delinquent. Delinquent receivables are written off based on specific circumstances of the customer. At September 30, 2023, an allowance was not deemed necessary.

Derivative Financial Instruments

For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. For stock-based derivative financial instruments, the Company used a Black Scholes valuation model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date.

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Commitment and Contingencies

The Company follows ASC 450-20, Loss Contingencies, to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.

The Company follows ASC 440-10, Commitments, to report accounting for certain commitments.

Net Loss Per Common Share

The Company computes net income or loss per share in accordance with ASC 260 Earnings per Share. Under the provisions of the Earnings per Share Topic ASC, basic net loss per share is computed by dividing the net loss available to common stockholders for the period by the weighted average number of shares of common stock outstanding during the period. The calculation of diluted net loss per share gives effect to common stock equivalents; however, potential common shares are excluded if their effect is anti-dilutive.

Income Taxes

The Company accounts for its income taxes in accordance with ASC 740 Income Taxes, which requires recognition of deferred tax assets and liabilities for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. A valuation allowance is provided for the amount of deferred tax assets that would otherwise be recorded for income tax benefits primarily relating to operating loss carryforwards as realization cannot be determined to be more likely than not.

The statement establishes a more-likely-than-not threshold for recognizing the benefits of tax return positions in the financial statements. Also, the statement implements a process for measuring those tax positions which meet the recognition threshold of being ultimately sustained upon examination by the taxing authorities. There are no uncertain tax positions taken by the Company on its tax returns and the adoption of the statement had no material impact to the Company’s financial statements. The Company files tax returns in the US and states in which it has operations and is subject to taxation. Tax years subsequent to 2019 remain open to examination by U.S. federal and state tax jurisdictions.

Revenue Recognition

Revenue is recognized in accordance with ASC 606. The Company performs the following five steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Company applies the five-step model to arrangements that meet the definition of a contract under Topic 606, including when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of Topic 606, the Company evaluates the goods or services promised within each contract related performance obligation and assesses whether each promised good or service is distinct. The Company recognizes as revenue, the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied.

The Company recognizes revenue upon completion of our performance obligations or expiration of the contractual time to use services such as professional service hours purchased in bulk for a given time period.

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Recently Issued Accounting Pronouncements

From time to time, new accounting pronouncements are issued by FASB that are adopted by the Company as of the specified effective date. If not discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company’s financial statements upon adoption.

NOTE 3 – GOING CONCERN

The Company’s unaudited condensed consolidated financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has recurring operating losses, an accumulated deficit and a working capital deficiency. Management’s plans include raising capital in the debt and equity markets. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until its operations become established enough to be considered reliably profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the issuance of these financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As reflected in the financial statements, the Company had a working capital deficit of $6,088,955 at September 30, 2023, and used $9,497 in cash for operating activities for the nine months ended September 30, 2023, which raises substantial doubt as to the Company’s ability to continue as a going concern in the future.

The financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company is unable to continue as a going concern.

NOTE 4 – ACQUISITION OF PETRO X SOLTUIONS, INC.

Effective May 11, 2022, the Company consummated a plan and agreement of merger (the “Merger Agreement”) with Petro X Solutions, Inc., a Wyoming corporation (“PXS”), pursuant to which PXS became a wholly-owned subsidiary of the Company. Pursuant to the Merger Agreement, the Company issued 100,000,000 shares of its common stock to the shareholders of PXS and four persons were added to the Company’s Board of Directors. Pursuant to the Merger Agreement, the Company’s four new directors were issued a total of 81,083,333 shares of Company common stock. Thus, a change in control of the Company occurred in connection with the Merger Agreement.

Due to the effects of the “reverse merger” acquisition of PXS occurring effective May 11, 2022, in accordance with ASC 805 Business Combinations, the presentation of the financial statements represents the continuation of PXS, the accounting acquirer, except for the legal capital structure. Historical shareholders’ equity of the Company, the accounting acquiree, has been adjusted to reflect the recapitalization. Retained earnings (deficit) of PXS, the accounting acquirer have been carried forward after the acquisition and operations prior to the merger are those of PXS, the accounting acquirer. Earnings per share for periods prior to the merger have been adjusted to reflect the recapitalization.

Accordingly, (1) the Company’s Consolidated Balance Sheet as of September 30, 2023, and December 31, 2022, report the Company and PXS on a consolidated basis, (2) the Company’s Consolidated Statement of Changes in Stockholders’ Equity (Deficit) for September 30, 2022, reflects an adjustment for the reverse merger (recapitalization) between the Company and PXS, while for September 30, 2023, reflects the adjustment for the rescission of the PXS merger and (3) the Company’s Consolidated Statement of Operations and Consolidated Statement of Cash Flows for the nine months ended September 30, 2023 and 2022, reports the Company and PXS on a consolidated basis.

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NOTE 5 – RESCISSION OF ACQUISITION OF PETRO X SOLUTIONS, INC.

Effective May 11, 2022, the Company completed a Plan and Agreement of Merger (the Merger Agreement) with PXS, with PXS becoming the Company’s wholly-owned subsidiary as a result of the PXS Merger. Pursuant to the Merger Agreement, an aggregate of 100,000,000 shares of Company common stock were issued to the shareholders of PXS in the PXS Merger. PXS markets competitively-priced, environmentally-friendly products that are designed to work as well as or better than their toxic competitors.

Effective June 1, 2023, the PXS Merger was rescinded, such that all securities issued by the Company in connection with the PXS Merger were cancelled and the ownership of PXS returned to its prior owners. PXS is being treated as discontinued operations in the consolidated financial statements.

NOTE 6 – INTANGIBLE ASSETS

On February 6, 2019, the Company, entered into an Intellectual Property Purchase Agreement with S. Mark Spoone, a Colorado corporation (the “Seller”), to acquire all of Mr. Spoone’s intellectual property associated with Mr. Spoone’s “Good Hemp” hemp-derived CBD-infused line of consumer beverages, for a purchase price consisting of 12,000 shares of the Company’s Class A preferred shares for a total value of $12,000. The transaction was completed on February 12, 2019.

On April 30, 2019, the Company acquired from S. Mark Spoone the CANNA HEMP and CANNA trademarks including all rights and trade secrets and related inventory for consideration totaling $32,462.39. At December 31, 2022 and 2021, the Company had not attributed any value to the acquired trademarks.

Effective February 28, 2020, the Company entered into a Branding Agreement (the “Branding Agreement”) with Spire Holdings, LLC (“Spire Holdings”), pursuant to which the Company would immediately issue Spire Holdings 6,000,000 shares of the Company’s common stock (the “Spire Shares”), and Spire Holdings would provide the Company (i) 7 primary NASCAR Cup Series No. 77 entry automobile, team and drivers (“Car”) sponsorships, and (ii) 25 associate or secondary sponsorships in connection with the Car, subject to NASCAR and network television approval. Pursuant to the Branding Agreement, Spire has some antidilution protection and piggyback registration rights with respect to the Spire Shares.

On February 10, 2021, the Company and Spire Holdings entered into an Amendment to Branding Agreement amending the sponsorship dates to be during the 2021-2022 NASCAR Cup Series racing seasons instead of the 2020-2021 racing season.

During the year ended December 31, 2021, the Company determined that it had utilized all of the remaining services to be provided under the branding agreement and recognized $1,735,714 as expenses.

On April 1, 2021, the Company entered into an agreement to purchase Diamond Creek Group, LLC, a North Carolina limited liability company which sells the Diamond Creek brand of high alkaline water products, for a total purchase price of $643,000. On April 2, 2021, the Company closed the acquisition and paid the initial $500,000 portion of the purchase price, and on April 23, 2021, paid the $143,000 purchase price balance. During 2021, a major customer chose not to continue purchasing products from Diamond Creek. The Company evaluated goodwill and determined that it was impaired by $161,309. The determination was based upon the loss of a major customer of Diamond Creek, with the resulting decline in revenues. The purchase price was allocated as follows:

Purchase Price Allocation	Amount
Acquisition cost	$	643,000
Assets acquired
Cash and cash equivalents		38,635
Accounts receivable		41,611
Property and equipment		97,228
Trademark		100,000
Total assets acquired		277,474

Liabilities assumed
Accounts payable and accrued liabilities		77,998
Note payable		20,000
Total liabilities assumed		97,998
		463,524
Impairment of goodwill		161,309
Goodwill	$	302,215

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On December 31, 2022 the Company impaired the Good Hemp-related assets by $7,000, based on evaluation of these assets by management. In February 2023, the Company sold all of its Good Hemp-related assets to JanBella Group, LLC, a company controlled by the Company’s current controlling shareholder, William Alessi (then, a third-party). In consideration of such assets, Mr. Alessi forgave $5,000 of indebtedness of the Company.

NOTE 7 – NOTES PAYABLE

On March 26, 2021, the Company entered into a securities purchase agreement with Leonite Capital LLC (“Leonite”) pursuant to which the Company agreed to issue to the Investor an 8% Convertible Promissory Note, dated March 26, 2021, in the principal amount of $568,182. The note was funded by the Investor on March 26, 2021, and on such date pursuant to the securities purchase agreement, the Company reimbursed the Investor for expenses for legal fees and due diligence of $2,000. The securities purchase agreement includes customary representations, warranties and covenants by the Company and customary closing conditions. The note matures 12 months after the date of the note on March 26, 2022. The note is convertible into shares of the Company’s common stock beginning on the date which is 180 days from the date of the note, at a conversion price equal to 65% multiplied by the lowest closing bid price during the 20 trading day period ending on the last complete trading day prior to the date of conversion; provided, however, that the Investor may not convert the note to the extent that such conversion would result in the Investor’s beneficial ownership of the Company’s common stock being in excess of 4.99% of the Company’s issued and outstanding common stock. The beneficial ownership limitation may not be waived by the Investor. The note carries a prepayment penalty if the note is paid off in 30, 60, 90, 120, 150, or 180 days following the note date. The prepayment penalty is based on the then-outstanding principal at the time of payoff, plus accrued and unpaid interest, multiplied by 112%, 115%, 118%, 125%, 130%, and 135% respectively. After the expiration of 180 days following the issue date, the Company shall have no right of prepayment. The financing required the Company to issue 65,000 shares of common stock to Leonite. This note is in default so default interest of 24.0% is in place along with penalties. At September 30, 2023, the balance owed to Leonite was $332,749 and accrued interest and penalties was $367,731.

On May 4, 2021, the Company entered into a securities purchase agreement with Metrospaces, Inc., a Florida corporation, pursuant to which the Company agreed to issue to the investor a 5% Convertible Redeemable Note, dated April 4, 2021, in the principal amount of $50,000. The note was funded by the investor on May 4, 2021, with the Company receiving funding of $50,000. The securities purchase agreement includes customary representations, warranties and covenants by the Company and customary closing conditions. The note matures 12 months after the date of the note on May 4, 2022. The note is convertible into shares of the Company’s common stock at any time at a conversion price equal to 65% multiplied by the lowest closing price during the 20 trading day period prior to the date of conversion (and including the conversion date); provided, however, that the investor may not convert the note to the extent that such conversion would result in the investor’s beneficial ownership of the Company’s common stock being in excess of 9.9% of the Company’s issued and outstanding common stock. The note carries a prepayment penalty if it is paid off in 180 days following the note date. The prepayment penalty is based on the then-outstanding principal at the time of payoff, plus accrued and unpaid interest, multiplied by 115% if prepaid within 60 days, 120% if prepaid from 61 days-120 days, and 125% if prepaid between 121 days-180 days of issuance. After the expiration of 180 days, the Company shall have no right of prepayment. This note is in default so default interest of 24.0% is in place. At September 30, 2023, the balance owed to Metrospace was $31,950 and accrued interest was $28,899.

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On October 5, 2021, the Company entered into a securities purchase agreement (the “Jefferson SPA”) with Jefferson Street Capital, LLC, a New Jersey limited liability company, pursuant to which the Company agreed to issue to the investor a 10% Convertible Redeemable Promissory Note (the “Jefferson Note”), dated October 5, 2021, in the principal amount of $275,000. The Jefferson Note included a $25,000 original issue discount, and was funded by the investor on October 13, 2021, and on such date pursuant to the Jefferson Note, the Company reimbursed the investor for loan fees of $20,000, receiving net funding of $230,000. The Jefferson SPA includes customary representations, warranties and covenants by the Company and customary closing conditions. The Jefferson Note matures on August 20, 2022. The note is convertible into shares of the Company’s common stock at any time at a conversion price equal to 75% multiplied by the lowest closing bid price during the 10 trading day period prior to the date of conversion (and including the conversion date); provided, however, that the investor may not convert the note to the extent that such conversion would result in the investor’s beneficial ownership of the Company’s common stock being in excess of 4.99% of the Company’s issued and outstanding common stock. This note is in default so default interest of 24.0% is in place along with penalties. At September 30, 2023, the accrued interest and penalties balance owed to Jefferson Street was $115,272.

On July 27, 2022, the Company entered into a securities purchase agreement (the “SPA”) with 1800 Diagonal Lending LLC, a Virginia limited partnership (“1800 Diagonal”), pursuant to which the Company agreed to issue to 1800 Diagonal a 9% Promissory Note (the “Note”), dated July 27, 2022, in the principal amount of $129,250. The Note was funded by 1800 Diagonal on August 1, 2022, with the Company receiving funding of $125,000, net of legal fees of $3,000 and a due diligence fee of $1,250. The SPA includes customary representations, warranties and covenants by the Company and customary closing conditions. The Note matures 12 months after the date of the note on July 27, 2023. The Company has the right to repay the Note at a premium ranging from 115% to 125% of the face amount. After the 180th day following July 27, 2022, the Company has no right of repayment. The Note is convertible into shares of the Company’s common stock at a conversion price equal to 65% of the market price of the Company’s common stock on the date of conversion, any time after the date that is 180 days after July 27, 2022; provided, however, that 1800 Diagonal may not convert the Note to the extent that such conversion would result in the investor’s beneficial ownership of the Company’s common stock being in excess of 4.99% of the Company’s then-issued and outstanding common stock. At September 30, 2023, the balance owed to 1800 Diagonal was $73,950 and accrued interest was $13,704.

NOTE 8 – RELATED PARTY TRANSACTIONS

All related party transactions are recorded at the exchange amount which is the value established and agreed to by the related party.

A payable to a related party of $17,574 to Maurice Bideaux, the Company’s former chief executive officer and director, was forgiven by Mr. Bideaux in 2010. An additional advance from Mr. Bideaux of $38,910 was forgiven by Mr. Bideaux in 2021.

Mr. William Alessi is the Company’s former CEO and director of the Company. The JanBella Group is an entity controlled by Mr. Alessi. Chris Chumas is a former director of the Company.

On July 18, 2019, the Company issued promissory notes to Mr. Alessi, JanBella Group and Mr. Chumas to evidence the amounts they advanced to the Company. The notes are due on demand, bear interest at 10% per year, and are secured by all of the Company's assets. At the option of the noteholders, the notes may be converted into shares of the Company's common stock. The number of shares which will be issued upon any conversion of the notes will be determined by dividing the principal amount to be converted (plus, at the option of the noteholder, accrued and unpaid interest) by the lower of (i) $0.001 or, (ii) 50% of the lowest bid price during the forty-five consecutive trading day period ending on the trading day immediately prior to the conversion date.

On January 29, 2020, the Company issued 7,000,000 shares of its common stock to each of William Alessi and Chris Chumas, respectively, for partial conversion of their promissory notes in the principal amount of $7,000 each, respectively.

On October 15, 2021, the Company paid $50,287 to both Mr. Alessi and Mr. Chumas as payments against the promissory notes held by these individuals.

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In February 2023, the Company sold all of its Good Hemp-related to JanBella Group, LLC, a company controlled by the Company’s current controlling shareholder, William Alessi (then, a third-party). In consideration of such assets, Mr. Alessi forgave $5,000 of indebtedness of the Company. In connection with the sale of assets to JanBella Group, LLC, the Company obtained the consent to such asset sale from Leonite Capital, LLC, a secured creditor, in consideration of the Company’s agreeing to add $50,000 in additional interest to the balance due under that certain 8% Convertible Promissory Note, dated March 26, 2021, in the original principal amount of $568,182, as amended, issued in favor Leonite Capital, LLC.

At September 30, 2023, the Company owed Mr. Alessi $241,052.

At September 30, 2023, the Company owed JanBella Group $144,867.

At September 30, 2023, the Company owed Mr. Chumas $142.851.

In February 2023 through June 2023, a former officer and director of the Company, Eric Newlan (then an officer and director of the Company) made advances on behalf of the Company in the total amount of $14,100, which amounts were used to pay operating expenses of the Company. The amounts loaned by Mr. Newlan are due on demand and bear no interest.

From July 2023 through September 2023, a former officer and director of the Company, Bill Allessi made advances on behalf of the Company in the total amount of $10,350, which amounts were used to pay operating expenses of the Company. The amounts loaned by Mr. Alessi are due on demand and bear no interest.

NOTE 9 – DERIVATIVE LIABILITIES

The Company analyzed the conversion option for derivative accounting consideration under ASC 815, Derivatives and Hedging and determined that the instrument should be classified as a liability since the conversion option becomes effective at issuance resulting in there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options. The Company determined our derivative liabilities to be a Level 3 fair value measurement and used the Black-Scholes pricing model to calculate the fair value as of June 30, 2023. The Black-Scholes model requires six basic data inputs: the exercise or strike price, time to expiration, the risk-free interest rate, the current stock price, the estimated volatility of the stock price in the future, and the dividend rate. Changes to these inputs could produce a significantly higher or lower fair value measurement. The fair value of each convertible note is estimated using the Black-Scholes valuation model.

For the nine months ended September 30, 2023, the assumptions utilized in estimating fair values of the liabilities measured on a recurring basis are as follows:

	Nine months ended
	September 30, 2023
Expected term	1.00 years
Expected average volatility		262.02	%
Expected dividend yield		-
Risk-free interest rate		5.46	%

The fair value measurements of the derivative liabilities at September 30, 2023, are summarized:

Total				Level 1				Level 2				Level 3
$	4,461,733			$	-			$	-			$	4,461,733

The fair value measurements of the derivative liabilities at December 31, 2022, is summarized:

Total				Level 1				Level 2				Level 3
$	2,838,278			$	-			$	-			$	2,838,278

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NOTE 10 – COMMITMENTS AND CONTINGENCIES

Legal Matters

The Company is subject, from time to time, to claims by third parties under various legal disputes. The defense of such claims, or any adverse outcome relating to any such claims, could have a material adverse effect on the Company’s liquidity, financial condition and cash flows. As of January 9, 2024, the Company did not have any legal actions pending against it.

Commitments

None

NOTE 11 – CAPITAL STOCK

During the nine months ended September 30, 2023, the Company issued 114,657,232 shares of common stock to Leonite Capital, LLC for conversion of $72,142 in convertible debt.

During the nine months ended September 30, 2023, the Company issued 15,961,538 shares of common stock to Jefferson Street Capital, LLC for conversion of $15,962 in convertible debt.

During the nine months ended September 30, 2023, the Company issued 157,557,818 shares of common stock to 1800 Diagonal Lending, LLC for conversion of $55,300 in convertible debt.

During the nine months ended September 30, 2023, the Company issued 15,914,511 shares of common stock to William Alessi for conversion of $15,914 in convertible debt.

During the nine months ended September 30, 2023, the Company issued 53,928,230 shares of common stock to Janbella Group, LLC for conversion of $26,964 in convertible debt.

On January 31, 2023, the Company issued 20,000,000 shares of common stock to McLain Investments, LLC, pursuant to a consulting agreement, which shares were valued at $18,000, in the aggregate. All of these shares were cancelled in May 2023, due to McLain Investment, LLC’s failure to perform under its consulting agreement.

On April 25, 2023, the Company issued 15,000,000 shares of common stock per a sponsorship agreement with Spire Motorsports valued at $6,000.

NOTE 12 – DISCONTINUED OPERATIONS

In May 2023, the Company decided to discontinue operations of its subsidiary, Petro X Solutions (PXS). Effective June 1, 2023, the PXS acquisition was rescinded and it ceased being a subsidiary of the Company.

In accordance with the provisions of ASC 205-20, the Company has separately reported the assets and liabilities of the discontinued operations (held for sale) in the consolidated balance sheets and consist of the following:

	September 30, 2023		December 31, 2022
CURRENT ASSETS OF DISCONTINUED OPERATIONS:
Cash and cash equivalents	$	-	$	34,550
Inventories		-		91
Prepaid expenses		-		231,610
TOTAL CURRENT ASSETS OF DISCONTINUED OPERATIONS	$	-	$	266,251

CURRENT LIABILITIES OF DISCONTINUED OPERATIONS
Accounts payable and accrued liabilities	$	-	$	200,149
TOTAL CURRENT LIABILITIES OF DISCONTINUED OPERATIONS	$	-	$	200,149

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In accordance with the provisions of ASC 205-20, the Company has not included in the results of continuing operations the results of operations of the discontinued operations in the Consolidated Statements of Operations. The results of operations for this entity for the three and nine months ended September 30, 2023 and 2022, have been reflected as discontinued operations in the Consolidated Statements of Operations, and consist of the following:

	Three Months Ended
	September 30, 2023		September 30, 2022
Net sales	$	-	$	-
Cost of sales		-		2,517
Gross profit		-		(2,517	)

OPERATING EXPENSES OF DISCONTINUED OPERATIONS:
General and administrative		-		148
		-		148
OPERATING INCOME (LOSS) OF DISCONTINUED OPERATIONS		-		(2,665	)

INCOME (LOSS) BEFORE INCOME TAXES OF DISCONTINUED OPERATIONS		-		(2,665	)
Provision for income taxes of discontinued operations		-		-
NET INCOME (LOSS) OF DISCONTINUED OPERATIONS	$	-	$	(2,665	)

	Nine Months Ended
	September 30, 2023			September 30, 2022
Net sales	$	-		$	250
Cost of sales		5,038			2,563
Gross profit		(5,038	)		(2,313	)

OPERATING EXPENSES OF DISCONTINUED OPERATIONS:
General and administrative		192,213			3,252
		192,213			3,252
OPERATING INCOME (LOSS) OF DISCONTINUED OPERATIONS		(197,251	)		(5,565	)

INCOME (LOSS) BEFORE INCOME TAXES OF DISCONTINUED OPERATIONS		(197,251	)		(5,565	)
Provision for income taxes of discontinued operations		-			-
NET INCOME (LOSS) OF DISCONTINUED OPERATIONS	$	(197,251	)	$	(5,565	)

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In accordance with the provisions of ASC 205-20, the Company has separately reported the cash flow activity of the discontinued operations in the Consolidated Statements of Cash Flows. The cash flow activity from discontinued operations for the nine months ended September 30, 2023 and 2022, have been reflected as discontinued operations in the Consolidated Statements of Cash Flows and consist of the following:

	Nine Months Ended
	September 30, 2023			September 30, 2022
DISCONTINUED OPERATING ACTIVITIES
Net loss	$	(197,251	)	$	(5,565	)
Changes in operating assets and liabilities:
Inventories		-			(13,239	)
Prepaid expenses and other current assets		225,390			-
Accounts payable and accrued liabilities		(65,626	)		-
Net cash provided by operating activities of discontinued operations	$	(37,487	)	$	(18,804	)

INVESTING ACTIVITIES OF DISCONTINUED OPERATIONS
Net cash held in discontinued operations		(541	)		-
Net cash used in investing activities of discontinued operations	$	(541	)	$	-

FINANCING ACTIVITIES OF DISCONTINUED OPERATIONS
Proceeds from related party advances	$	5,500		$	-
Exercise of warrants for common stock		-			120,000
Net cash used in financing activities of discontinued operations	$	5,500		$	120,000

NOTE 13 – SUBSEQUENT EVENTS

Management has evaluated subsequent events, in accordance with FASB ASC Topic 855, “Subsequent Events,” through the date which the financial statements were available to be issued and there are no material subsequent events, except as noted below.

Effective October 25, 2023, the Company entered into a securities purchase agreement (the “SPA”) with 1800 Diagonal Lending LLC, a Virginia limited partnership (“1800 Diagonal”), pursuant to which the Company agreed to issue to 1800 Diagonal a 9% Promissory Note (the “Note”), dated October 25, 2023, in the principal amount of $12,000. The Note was funded by 1800 Diagonal on October 25, 2023, with the Company receiving funding of $12,000. The SPA includes customary representations, warranties and covenants by the Company and customary closing conditions. The Note matures 12 months after the date of the note on October 25, 2024. The Company has the right to repay the Note at a premium ranging from 115% to 125% of the face amount. After the 180th day following October 25, 2023, the Company has no right of repayment. The Note is convertible into shares of the Company’s common stock at a conversion price equal to 61% of the lowest trading price of the Company’s common stock during a twenty (20) day period, any time after the date that is 180 days after October 25, 2023; provided, however, that 1800 Diagonal may not convert the Note to the extent that such conversion would result in the investor’s beneficial ownership of the Company’s common stock being in excess of 4.99% of the Company’s then-issued and outstanding common stock.

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

SPECIAL NOTE CONCERNING FORWARD-LOOKING STATEMENTS

We believe that it is important to communicate our future expectations to our security holders and to the public. This report, therefore, contains statements about future events and expectations which are “forward-looking statements” within the meaning of Sections 27A of the Securities Act of 1933 and 21E of the Securities Exchange Act of 1934, including the statements about our plans, objectives, expectations and prospects under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” You can expect to identify these statements by forward-looking words such as “may,” “might,” “could,” “would,” “will,” “anticipate,” “believe,” “plan,” “estimate,” “project,” “expect,” “intend,” “seek” and other similar expressions. Any statement contained in this report that is not a statement of historical fact may be deemed to be a forward-looking statement. Although we believe that the plans, objectives, expectations and prospects reflected in or suggested by our forward-looking statements are reasonable, those statements involve risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements, and we can give no assurance that our plans, objectives, expectations and prospects will be achieved.

Important factors that might cause our actual results to differ materially from the results contemplated by the forward-looking statements are contained in the “Risk Factors” section of and elsewhere in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022, and in our subsequent filings with the Securities and Exchange Commission. The following discussion of our results of operations should be read together with our financial statements and related notes included elsewhere in this report.

Overview

On February 6, 2019, the Company acquired trademarks and intellectual property, which included all rights and trade secrets to the hemp-derived CBD-infused line of consumer beverages sold under the “Good Hemp” brand. On April 30, 2019, the Company acquired the “CANNA HEMP” and “CANNA” trademarks including all rights and trade secrets and related inventory.

On August 24, 2020, with an effective date of July 1, 2020, the Company entered into a joint venture agreement with Paul Hervey (“Hervey”), an individual, for the purpose of cultivating hemp on approximately 9 acres of farmland and in approximately 3,700 square feet of greenhouse space in North Carolina (referred to as “Olin Farms”). In October 2021, Olin Farms ceased operations, and the limited liability company joint venture entity was dissolved.

On February 9, 2021, the Company formed Good Hemp Wellness, LLC, a limited liability company formed under the laws of the State of North Carolina, to sell CBD products to customers through chiropractic offices. In October 2021, this company was dissolved in North Carolina, and it is being treated as discontinued operations in the consolidated financial statements. In February 2023, the Company sold all of its Good Hemp-related to JanBella Group, LLC, a company controlled by the Company’s current controlling shareholder, William Alessi (then, a third-party). In consideration of such assets, Mr. Alessi forgave $5,000 of indebtedness of the Company.

Effective May 11, 2022, the Company acquired, by merger, Petro X Solutions, Inc., a Wyoming corporation (“PXS”). In the transaction, the Company issued a total of 120,000,000 shares of its common stock. PXS markets competitively-priced, environmentally-friendly products that are designed to work as well as or better than their toxic competitors. Its primary product, EnviroXstreamTM, is a plant-based, non-toxic, safe, yet powerful, cleaner/degreaser technology that expedites the natural bio-degradation process of hydrocarbons and other compounds. EnviroXstreamTM is currently a California South Coast AQMD-Certified Clean Air Solvent, and in the past has been, an EPA-designated Safer Choice product. EnviroXstreamTM distinguishes itself by its efficacy, which is buttressed by its “green” credentials.

Effective June 1, 2023, the PXS acquisition was rescinded, such that all securities issued by the Company in connection with the PXS acquisition were cancelled and the ownership of PXS returned to its prior owners.

PXS is being treated as discontinued operations in the consolidated financial statements.

Current Plan of Business

Since the June 1, 2023, rescission of the PXS acquisition, the Company has re-focused its operating plans on expanding its Diamond Creek Water business. However, without additional capital, it is unlikely that such business will expand rapidly, if at all.

Diamond Creek High Alkaline Water is a 9.5pH high alkaline natural spring water, sourced from the highest quality, award winning springs. Diamond Creek is available in one gallon, one liter and half liter bottles and aids in balancing the body’s pH while providing superior hydration resulting from a proprietary ionization process. As of September 30, 2023, Diamond Creek water was available in over 1,500 stores in the United States.

Our Growth Strategy

We are focused on expanding our US distribution reach to service more national chain stores; increase awareness of our brands in the United States; securing additional chain, convenience and key account distributors and store listings for our brands nationwide and internationally; increasing our warehouse direct-to-retail channel.

We are looking for strategic acquisitions and partnerships in the beverage sector.

Results of Continuing Operations

For the nine months ended September 30, 2023, compared to the nine months ended September 30, 2022

Revenues

We had $543,116 and $319,590 of revenue for the nine months ended September 30, 2023 and 2022, respectively. Revenue was higher in the nine months of 2023 as a result of the full nine months in the fiscal period of 2023, versus only six months in the fiscal period of 2022 from the acquisitions of Diamond Creek on April 1.

Cost of Sales

We had $414,646 and $248,554 of cost of sales and a gross profit of $128,470 and $71,036 for the nine months ended September 30, 2023 and 2022, respectively.

Operating Expenses

Operating expenses for the nine months ended September 30, 2023 and 2022, were $210,719 and $217,094, respectively. The decrease in expenses for the nine months of 2023 compared to the nine months of 2022 is minimal and due primarily to decreased payroll expenses.

Other Income (Expenses)

Other income (expenses) for the nine months ended September 30, 2023 and 2022, were ($1,693,169) and $2,487,290, respectively. The decrease in other income (expenses) for the nine months of 2023 compared to the nine months of 2022 was due to the change in derivative liabilities of ($5,513,711), decrease in interest expense of $178,318, decrease in loss on extinguishment of debt of $1,007,958 and the gain on investment in subsidiaries of $133,170.

Net Income (Loss)

Net operating income (loss) from continuing operations for the nine months ended September 30, 2023 and 2022, was ($1,775,418) and $2,341,232, respectively. Net loss from discontinued operations for the nine months ended September 30, 2023 and 2022, was $197,251 and $5,565, respectively. Net income (loss) for the nine months ended September 30, 2023 and 2022, was ($1,972,669) and $2,335,667, respectively.

For the three months ended September 30, 2023, compared to the three months ended September 30, 2022

Revenues

We had $164,515 and $206,520 of revenue for the three months ended September 30, 2023 and 2022, respectively. Revenue was higher in the three months of 2022 as a result of an increase in sales as a result of the economy starting to pick back up from the high inflation experienced in early 2022.

Cost of Sales

We had $121,616 and $166,466 of cost of sales and a gross profit of $42,899 and $40,054 for the three months ended September 30, 2023 and 2022, respectively.

Operating Expenses

Operating expenses for the three months ended September 30, 2023 and 2022, were $77,195 and $135,183, respectively. The decrease in expenses for the three months of 2023 compared to the three months of 2022 is due primarily to a decrease in payroll expenses and decrease in professional fees and expenses related to keeping the public filings current since the Company was not current with its filings.

Other Income (Expenses)

Other income (expenses) for the three months ended September 30, 2023 and 2022, were ($216,675) and $581,208, respectively. The increase in expenses for the three months of 2023 compared to the three months of 2022 was due to the change in derivative liabilities of ($1,271,176), decrease in interest expense of $101,938 and decrease in loss on extinguishment of debt of $367,359.

Net Income (Loss)

Net income (loss) from continuing operations for the three months ended September 30, 2023 and 2022, was ($250,971) and $486,079, respectively. Net income (loss) from discontinued operations for the three months ended September 30, 2023 and 2022, was $0 and ($2,665), respectively. Net income (loss) for the three months ended September 30, 2023 and 2022, was ($250,971) and $483,414, respectively.

Liquidity and Capital Resources

We had cash used in operations of $9,497 the nine months ended September 30, 2023, compared to $146,674 for the nine months ended September 30, 2022.

We had cash used in investing activities of $541 and $0 for the nine months ended September 30, 2023 and 2022, respectively.

We had cash provided by financing activities of $29,950 for the nine months ended September 30, 2023, compared to cash provided by financing activities of $245,000 for the nine months ended September 30, 2022.

As of September 30, 2023, the Company had cash and cash equivalents of $55,880. We do not have sufficient resources to effectuate our business. We expect to incur a minimum of $100,000 in expenses during the next twelve months of operations. We estimate that these expenses will be comprised primarily of general expenses including overhead, inventory purchases, legal and accounting fees.

As of September 30, 2023, the Company has primarily been funded by the issuance of convertible notes to both related and unrelated third parties. As of September 30, 2023, related party convertible notes totaled $374,102, net of discounts, and third-party convertible notes totaled $438,649, net of discounts, respectively.

The Company does not know of any trends, demands, commitments, events or uncertainties that will result in, or that are reasonable likely to result in, our liquidity increasing or decreasing in any material way.

The Company does not know of any significant changes in expected sources and uses of cash.

The Company does not have any commitments or arrangements from any person to provide it with any equity capital.

Going Concern

The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As reflected in the financial statements, the Company had a working capital deficit of $6,088,955 at September 30, 2023, a net loss of $1,972,669 for the nine months ended September 30, 2023, and $9,497 of cash used in operating activities for the nine months ended September 30, 2023, which raises substantial doubt as to the Company’s ability to continue as a going concern for a period of one year from the issuance of these financial statements.

Off Balance Sheet Arrangements

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

Critical Accounting Policies

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make a number of estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Such estimates and assumptions affect the reported amounts of revenues and expenses during the reporting period. We base our estimates on historical experiences and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions and conditions. We continue to monitor significant estimates made during the preparation of our financial statements. On an ongoing basis, we evaluate estimates and assumptions based upon historical experience and various other factors and circumstances. We believe our estimates and assumptions are reasonable in the circumstances; however, actual results may differ from these estimates under different future conditions.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

A smaller reporting company, as defined by Item 10 of Regulation S-K, is not required to provide the information required by this item.

Item 4. Control and Procedures.

Evaluation of Disclosure Controls and Procedures

The Securities and Exchange Commission defines the term “disclosure controls and procedures” to mean a company’s controls and other procedures of an issuer that are designed to ensure that information required to be disclosed 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 the Securities and Exchange Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Securities Exchange Act of 1934 is accumulated and communicated to the issuer’s management, including its chief executive and chief financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. The Company maintains such a system of controls and procedures in an effort to ensure that all information which it is required to disclose in the reports it files under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified under the SEC’s rules and forms and that information required to be disclosed is accumulated and communicated to the chief executive and interim chief financial officer to allow timely decisions regarding disclosure.

As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that the Company’s disclosure controls and procedures are not effective as of such date. The Chief Executive Officer and Chief Financial Officer have determined that the Company continues to have the following deficiencies which represent a material weakness:

	·	The Company does not have a majority of independent directors;
	·	Lack of in-house personnel with the technical knowledge to identify and address some of the reporting issues surrounding certain complex or non-routine transactions. With material, complex and non-routine transactions, management has and will continue to seek guidance from third-party experts and/or consultants to gain a thorough understanding of these transactions;
	·	Insufficient personnel resources within the accounting function to segregate the duties over financial transaction processing and reporting; and
	·	Insufficient written policies and procedures over accounting transaction processing and period end financial disclosure and reporting processes.
	·	To remediate our internal control weaknesses, management intends to implement the following measures: as funding permits, the Company will add sufficient accounting personnel to properly segregate duties and to effect a timely, accurate preparation of the financial statements; the Company will hire staff technically proficient at applying U.S. GAAP to financial transactions and reporting; and upon the hiring of additional accounting personnel, the Company will develop and maintain adequate written accounting policies and procedures.

The additional hiring is contingent upon the Company’s efforts to obtain additional funding through equity or debt and the results of its operations. Management hopes to secure funds in the coming fiscal year but provides no assurances that it will be able to do so.

Changes in Internal Control over Financial Reporting

During the fiscal quarter covered by this Quarterly Report, there has been no change in our internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Limitations on the Effectiveness of Controls

The Company’s management, including the CEO and CFO, does not expect that our disclosure controls and procedures or our internal control over financial reporting will prevent or detect all error and all fraud. A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met. Further, the design of the control system must reflect that there are resource constraints and that the benefits must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. Controls can also be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of controls. The design of any system of controls is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Projections of any evaluation of controls effectiveness to future periods are subject to risks. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures.

PART II

OTHER INFORMATION

Item 1. Legal Proceedings

From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. Other than disclosed herein, there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the results of our operations.

Item 1A. Risk Factors

Not required.

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

None that have not otherwise been disclosed.

Item 3. Defaults upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

Item 6. Exhibits

The following exhibits are filed with this Form 10-Q:

Exhibit		Description
31.1 *		Certification by the Principal Executive Officer
31.2 *		Certification by the Principal Accounting Officer
32.1 *		Certifications by the Principal Executive Officer
32.2 *		Certifications by the Principal Accounting Officer
101 INS **		Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document).
101 SCH **		Inline XBRL Taxonomy Extension Schema Document
101 CAL **		Inline XBRL Taxonomy Calculation Linkbase Document
101 DEF **		Inline XBRL Taxonomy Extension Definition Linkbase Document
101 LAB **		Inline XBRL Taxonomy Labels Linkbase Document
101 PRE **		Inline XBRL Taxonomy Presentation Linkbase Document
104		Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101).

*Filed herewith.

** XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

SIGNATURES

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

	ACCREDITED SOLUTIONS, INC.

Date: January 12, 2024		/s/ Rodney Sperry
		Rodney Sperry
		Chief Financial Officer

nullnullnullnull

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2023	Jan. 12, 2024
Cover [Abstract]
Entity Registrant Name	Accredited Solutions, Inc.
Entity Central Index Key	0001464865
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Sep. 30, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		712,296,778
Entity File Number	000-54509
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	45-2578051
Entity Address Address Line 1	20311 Chartwell Center Drive
Entity Address Address Line 2	Suite 1469
Entity Address City Or Town	Cornelius
Entity Address State Or Province	NC
Entity Address Postal Zip Code	28031
City Area Code	1-800
Local Phone Number	947-9197
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current assets
Cash	$ 55,880	$ 1,418
Accounts receivable	80,821	51,224
Prepaid expenses	0	2,422
Current assets held for sale	0	266,251
Total current assets	136,701	321,315
Other assets
Property, plant and equipment, net	63,479	86,446
Goodwill	302,215	302,215
Intellectual property	100,000	105,000
Total assets	602,395	814,976
Current liabilities
Accounts payable	214,969	104,939
Advances from related parties	24,450	0
Accrued liabilities	2,169	3,751
Interest payable	527,974	455,825
Interest payable to related parties	152,510	133,494
Notes payable	29,100	29,100
Convertible notes, net of discounts	438,649	529,887
Convertible notes to related parties, net of discounts	374,102	395,000
Derivative liabilities	4,461,733	2,838,278
Current liabilities held for sale	0	200,149
Total current liabilities	6,225,656	4,690,423
Total liabilities	6,225,656	4,690,423
Stockholders' deficit
Preferred stock - Class A - 30,000,000 shares authorized, $0.001 par value, 14,000 shares issued and outstanding	14	14
Common stock - 750,000,000 shares authorized, $0.001 par value, 712,296,778 and 339,277,449 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively	712,297	339,277
Additional paid in capital	2,022,177	2,170,342
Accumulated deficit	(8,357,749)	(6,385,080)
Total stockholders' deficit	(5,623,261)	(3,875,447)
Total liabilities and stockholders' deficit	$ 602,395	$ 814,976

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
CONDENSED CONSOLIDATED BALANCE SHEETS
Preferred Stock, Shares Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	30,000,000	30,000,000
Preferred Stock, Shares Issued	14,000	14,000
Preferred Stock, Shares Outstanding	14,000	14,000
Common Stock, Shares Par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	750,000,000	750,000,000
Common Stock, Shares Issued	712,296,778	339,277,449
Common Stock, Shares Outstanding	712,296,778	339,277,449

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
Net sales	$ 164,515	$ 206,520	$ 543,116	$ 319,590
Cost of sales	121,616	166,466	414,646	248,554
Gross profit	42,899	40,054	128,470	71,036
Operating expenses
General and administrative expenses	70,717	128,104	187,752	206,161
Depreciation and amortization expense	6,478	7,079	22,967	10,933
Total operating expenses	77,195	135,183	210,719	217,094
Operating loss	(34,296)	(95,129)	(82,249)	(146,058)
Other income (expense)
Change in derivative liabilities	(169,306)	1,101,870	(1,623,455)	3,890,256
Interest expense	(47,369)	(149,307)	(142,564)	(320,882)
Loan fees	0	(3,996)	0	(13,806)
Loss on extinguishment of debt	0	(367,359)	(60,320)	(1,068,278)
Gain on investment in subsidiaries	0	0	133,170	0
Total other income (expense)	(216,675)	581,208	(1,693,169)	2,487,290
Net income (loss) from continuing operations	(250,971)	486,079	(1,775,418)	2,341,232
Net loss from discontinued operations	0	(2,665)	(197,251)	(5,565)
Net income (loss)	$ (250,971)	$ 483,414	$ (1,972,669)	$ 2,335,667
Net income (loss) per share from continuing operations - basic	$ (0.00)	$ 0.00	$ (0.00)	$ 0.02
Net loss per share from discontinued operations - basic	0	(0.00)	(0.00)	(0.00)
Net income (loss) per share - basic	(0.00)	0.00	(0.00)	0.02
Net income (loss) per share - diluted	$ (0.00)	$ 0.00	$ (0.00)	$ 0.00
Weighted average number of common shares - basic	700,280,474	225,222,172	607,719,617	155,077,168
Weighted average number of common shares - diluted	700,280,474	659,486,500	607,719,617	814,563,668

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS DEFICIT (Unaudited) - USD ($)	Total	Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit
Balance, shares at Dec. 31, 2021			102,500,000
Balance, amount at Dec. 31, 2021	$ 22,172	$ 0	$ 102,500	$ (80,288)	$ (40)
Net loss for the period	(2,816)	0	$ 0	0	(2,816)
Balance, shares at Mar. 31, 2022			102,500,000
Balance, amount at Mar. 31, 2022	19,356	0	$ 102,500	(80,288)	(2,856)
Balance, shares at Dec. 31, 2021			102,500,000
Balance, amount at Dec. 31, 2021	22,172	0	$ 102,500	(80,288)	(40)
Net loss for the period	2,335,667
Balance, shares at Sep. 30, 2022			269,670,577
Balance, amount at Sep. 30, 2022	(1,654,486)	0	$ 269,671	2,093,569	(4,017,726)
Balance, shares at Mar. 31, 2022			102,500,000
Balance, amount at Mar. 31, 2022	19,356	0	$ 102,500	(80,288)	(2,856)
Net loss for the period	1,855,069	0	$ 0	0	1,855,069
Issuance of common stock for cash, shares			3,000,000
Issuance of common stock for cash, amount	120,000	0	$ 3,000	117,000	0
Cancellation of common stock, shares			(5,500,000)
Cancellation of common stock, amount	0	0	$ (5,500)	5,500	0
Reverse merger acquisition, shares			37,889,368
Reverse merger acquisition, amount	(6,216,463)	0	$ 37,890	99,000	(6,353,353)
Issuance of common stock for conversion of note payable, shares			47,104,796
Issuance of common stock for conversion of note payable, amount	1,252,340	0	$ 47,105	1,205,235	0
Balance, shares at Jun. 30, 2022			184,994,164
Balance, amount at Jun. 30, 2022	(2,969,698)	0	$ 184,995	1,346,447	(4,501,140)
Net loss for the period	483,414	0	$ 0	0	483,414
Issuance of common stock for conversion of note payable, shares			84,676,413
Issuance of common stock for conversion of note payable, amount	831,798	0	$ 84,676	747,122	0
Balance, shares at Sep. 30, 2022			269,670,577
Balance, amount at Sep. 30, 2022	(1,654,486)	$ 0	$ 269,671	2,093,569	(4,017,726)
Balance, shares at Dec. 31, 2022		14,000	39,277,449
Balance, amount at Dec. 31, 2022	(3,875,447)	$ 14	$ 339,277	2,170,342	(6,385,080)
Net loss for the period	(231,451)	0	$ 0	0	(231,451)
Issuance of common stock for conversion of note payable, shares			262,469,031
Issuance of common stock for conversion of note payable, amount	192,886	0	$ 262,469	(69,583)	0
Issuance of common stock for services, shares			20,000,000
Issuance of common stock for services, amount	18,000	$ 0	$ 20,000	(2,000)	0
Balance, shares at Mar. 31, 2023		14,000	621,746,480
Balance, amount at Mar. 31, 2023	(3,896,012)	$ 14	$ 621,746	2,098,759	(6,616,531)
Balance, shares at Dec. 31, 2022		14,000	39,277,449
Balance, amount at Dec. 31, 2022	(3,875,447)	$ 14	$ 339,277	2,170,342	(6,385,080)
Net loss for the period	(1,972,669)
Balance, shares at Sep. 30, 2023		14,000	712,296,778
Balance, amount at Sep. 30, 2023	(5,623,261)	$ 14	$ 712,297	2,022,177	(8,357,749)
Balance, shares at Mar. 31, 2023		14,000	621,746,480
Balance, amount at Mar. 31, 2023	(3,896,012)	$ 14	$ 621,746	2,098,759	(6,616,531)
Net loss for the period	(1,490,247)	0	$ 0	0	(1,490,247)
Issuance of common stock for conversion of note payable, shares			62,050,298
Issuance of common stock for conversion of note payable, amount	19,269	0	$ 62,051	(42,782)	0
Issuance of common stock for services, shares			(20,000,000)
Issuance of common stock for services, amount	(18,000)	0	$ (20,000)	2,000	0
Issuance of common stock for sponsorship agreement, shares			15,000,000
Issuance of common stock for sponsorship agreement, amount	6,000	$ 0	$ 15,000	(9,000)	0
Balance, shares at Jun. 30, 2023		14,000	678,796,778
Balance, amount at Jun. 30, 2023	(5,378,990)	$ 14	$ 678,797	2,048,977	(8,106,778)
Net loss for the period	(250,971)	0	$ 0	0	(250,971)
Issuance of common stock for conversion of note payable, shares			33,500,000
Issuance of common stock for conversion of note payable, amount	6,700	$ 0	$ 33,500	(26,800)	0
Balance, shares at Sep. 30, 2023		14,000	712,296,778
Balance, amount at Sep. 30, 2023	$ (5,623,261)	$ 14	$ 712,297	$ 2,022,177	$ (8,357,749)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income (loss)	$ (1,972,669)	$ 2,335,667
Net income (loss) from discontinued operations	197,251	5,565
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	22,967	10,933
Stock issued for debt payment	0	183,036
Stock issued for sponsorship agreement	6,000	0
Loss on extinguishment of debt	60,320	1,068,278
Gain on investment of subsidiary	(133,170)	0
Gain on derivative liabilities	1,623,455	(3,890,256)
Changes in operating assets and liabilities:
Accounts receivable	(29,597)	(17,305)
Prepaid expenses	2,422	22,642
Accounts payable	110,029	6,597
Accrued liabilities	(1,582)	(322)
Interest payable	116,386	133,679
Interest payable to related parties	26,178	13,616
Operating cash flows from discontinued operations	(37,487)	(18,804)
Net cash used in operating activities	(9,497)	(146,674)
Cash flows from investing activities:
Investing activities of discontinued operations	(541)	0
Net cash used in investing activities	(541)	0
Cash flows from financing activities:
Proceeds from convertible notes payable, net of discounts	0	125,000
Proceeds from advances from related parties	24,450	0
Financing activities of discontinued operations	5,500	120,000
Net cash provided by financing activities	29,950	245,000
Net change in cash	19,912	98,326
Cash and cash equivalents - beginning of period	35,968	34,494
Cash and cash equivalents - end of period	55,880	132,820
Cash and cash equivalents of discontinued operations	0	(106,590)
Cash and cash equivalents of continuing operations	55,880	26,230
Supplemental disclosures of cash flow information:
Cash paid for interest	0	0
Cash paid for income taxes	0	883
Supplemental non-cash information
Intangible assets sold for reduction of convertible note - related parties	5,000	0
Conversion of notes payable into common stock	$ 158,536	$ 2,084,138

NATURE OF OPERATIONS

9 Months Ended

Sep. 30, 2023

NATURE OF OPERATIONS

Nature Of Operations

NOTE 1 – NATURE OF OPERATIONS

PXS is being treated as discontinued operations in the consolidated financial statements.

The Company’s operations are centered on those of Diamond Creek Group and its bottled water products.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Sep. 30, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Summary Of Significant Accounting Policies

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company follows the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America and has a year-end of December 31^st.

Principles of Consolidation

Condensed Financial Statements

Use of Estimates

Impairment of Long-Lived Assets

Goodwill and Other Intangible Assets

Fair Value of Financial Instruments

- Level 1: Quoted prices in active markets for identical assets or liabilities

- Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Determining which category an asset or liability falls within the hierarchy requires significant judgment. We evaluate our hierarchy disclosures each quarter.

Cash and Cash Equivalents

For purposes of the statement of cash flows, cash equivalents include demand deposits, money market funds, and all highly liquid debt instructions with original maturities of three months or less.

Inventory

Inventory consisting of raw materials and finished product is stated at the lower of cost (first in, first out method) or net realizable value.

Concentration and Credit Risk

The Company does not have any financial asset and therefore is not exposed to any credit risks.

Accounts Receivable and Allowance for Doubtful Accounts

Derivative Financial Instruments

Commitment and Contingencies

The Company follows ASC 440-10, Commitments, to report accounting for certain commitments.

Net Loss Per Common Share

Income Taxes

Revenue Recognition

Recently Issued Accounting Pronouncements

GOING CONCERN

9 Months Ended

Sep. 30, 2023

GOING CONCERN

Going Concern

NOTE 3 – GOING CONCERN

ACQUISITION OF PETRO X SOLTUIONS INC

9 Months Ended

Sep. 30, 2023

ACQUISITION OF PETRO X SOLTUIONS INC

Acquisition of petro x solution inc.

NOTE 4 – ACQUISITION OF PETRO X SOLTUIONS, INC.

RESCISSION OF ACQUISITION OF PETRO X SOLUTIONS INC

9 Months Ended

Sep. 30, 2023

RESCISSION OF ACQUISITION OF PETRO X SOLUTIONS INC

Rescission of acquisition of petro x solution inc.

NOTE 5 – RESCISSION OF ACQUISITION OF PETRO X SOLUTIONS, INC.

INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2023

INTANGIBLE ASSETS

Intangible Assets

NOTE 6 – INTANGIBLE ASSETS

During the year ended December 31, 2021, the Company determined that it had utilized all of the remaining services to be provided under the branding agreement and recognized $1,735,714 as expenses.

Purchase Price Allocation	Amount
Acquisition cost	$	643,000
Assets acquired
Cash and cash equivalents		38,635
Accounts receivable		41,611
Property and equipment		97,228
Trademark		100,000
Total assets acquired		277,474

Liabilities assumed
Accounts payable and accrued liabilities		77,998
Note payable		20,000
Total liabilities assumed		97,998
		463,524
Impairment of goodwill		161,309
Goodwill	$	302,215

NOTES PAYABLE

9 Months Ended

Sep. 30, 2023

NOTES PAYABLE

Notes Payable

NOTE 7 – NOTES PAYABLE

RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2023

RELATED PARTY TRANSACTIONS

Related Party Transactions

NOTE 8 – RELATED PARTY TRANSACTIONS

All related party transactions are recorded at the exchange amount which is the value established and agreed to by the related party.

Mr. William Alessi is the Company’s former CEO and director of the Company. The JanBella Group is an entity controlled by Mr. Alessi. Chris Chumas is a former director of the Company.

On October 15, 2021, the Company paid $50,287 to both Mr. Alessi and Mr. Chumas as payments against the promissory notes held by these individuals.

At September 30, 2023, the Company owed Mr. Alessi $241,052.

At September 30, 2023, the Company owed JanBella Group $144,867.

At September 30, 2023, the Company owed Mr. Chumas $142.851.

DERIVATIVE LIABILITIES

9 Months Ended

Sep. 30, 2023

DERIVATIVE LIABILITIES

Derivative Liabilities

NOTE 9 – DERIVATIVE LIABILITIES

For the nine months ended September 30, 2023, the assumptions utilized in estimating fair values of the liabilities measured on a recurring basis are as follows:

	Nine months ended
	September 30, 2023
Expected term	1.00 years
Expected average volatility		262.02	%
Expected dividend yield		-
Risk-free interest rate		5.46	%

The fair value measurements of the derivative liabilities at September 30, 2023, are summarized:

Total				Level 1				Level 2				Level 3
$	4,461,733			$	-			$	-			$	4,461,733

The fair value measurements of the derivative liabilities at December 31, 2022, is summarized:

Total				Level 1				Level 2				Level 3
$	2,838,278			$	-			$	-			$	2,838,278

COMMITMENTS AND CONTINGENCIES

9 Months Ended

Sep. 30, 2023

COMMITMENTS AND CONTINGENCIES

Commitments And Contingencies

NOTE 10 – COMMITMENTS AND CONTINGENCIES

Legal Matters

Commitments

None

CAPITAL STOCK

9 Months Ended

Sep. 30, 2023

CAPITAL STOCK

Capital Stock

NOTE 11 – CAPITAL STOCK

During the nine months ended September 30, 2023, the Company issued 114,657,232 shares of common stock to Leonite Capital, LLC for conversion of $72,142 in convertible debt.

During the nine months ended September 30, 2023, the Company issued 15,961,538 shares of common stock to Jefferson Street Capital, LLC for conversion of $15,962 in convertible debt.

During the nine months ended September 30, 2023, the Company issued 157,557,818 shares of common stock to 1800 Diagonal Lending, LLC for conversion of $55,300 in convertible debt.

During the nine months ended September 30, 2023, the Company issued 15,914,511 shares of common stock to William Alessi for conversion of $15,914 in convertible debt.

During the nine months ended September 30, 2023, the Company issued 53,928,230 shares of common stock to Janbella Group, LLC for conversion of $26,964 in convertible debt.

On April 25, 2023, the Company issued 15,000,000 shares of common stock per a sponsorship agreement with Spire Motorsports valued at $6,000.

DISCONTINUED OPERATIONS

9 Months Ended

Sep. 30, 2023

DISCONTINUED OPERATIONS

Discontinued Operations

NOTE 12 – DISCONTINUED OPERATIONS

	September 30, 2023		December 31, 2022
CURRENT ASSETS OF DISCONTINUED OPERATIONS:
Cash and cash equivalents	$	-	$	34,550
Inventories		-		91
Prepaid expenses		-		231,610
TOTAL CURRENT ASSETS OF DISCONTINUED OPERATIONS	$	-	$	266,251

CURRENT LIABILITIES OF DISCONTINUED OPERATIONS
Accounts payable and accrued liabilities	$	-	$	200,149
TOTAL CURRENT LIABILITIES OF DISCONTINUED OPERATIONS	$	-	$	200,149

	Three Months Ended
	September 30, 2023		September 30, 2022
Net sales	$	-	$	-
Cost of sales		-		2,517
Gross profit		-		(2,517	)

OPERATING EXPENSES OF DISCONTINUED OPERATIONS:
General and administrative		-		148
		-		148
OPERATING INCOME (LOSS) OF DISCONTINUED OPERATIONS		-		(2,665	)

INCOME (LOSS) BEFORE INCOME TAXES OF DISCONTINUED OPERATIONS		-		(2,665	)
Provision for income taxes of discontinued operations		-		-
NET INCOME (LOSS) OF DISCONTINUED OPERATIONS	$	-	$	(2,665	)

	Nine Months Ended
	September 30, 2023			September 30, 2022
Net sales	$	-		$	250
Cost of sales		5,038			2,563
Gross profit		(5,038	)		(2,313	)

OPERATING EXPENSES OF DISCONTINUED OPERATIONS:
General and administrative		192,213			3,252
		192,213			3,252
OPERATING INCOME (LOSS) OF DISCONTINUED OPERATIONS		(197,251	)		(5,565	)

INCOME (LOSS) BEFORE INCOME TAXES OF DISCONTINUED OPERATIONS		(197,251	)		(5,565	)
Provision for income taxes of discontinued operations		-			-
NET INCOME (LOSS) OF DISCONTINUED OPERATIONS	$	(197,251	)	$	(5,565	)

	Nine Months Ended
	September 30, 2023			September 30, 2022
DISCONTINUED OPERATING ACTIVITIES
Net loss	$	(197,251	)	$	(5,565	)
Changes in operating assets and liabilities:
Inventories		-			(13,239	)
Prepaid expenses and other current assets		225,390			-
Accounts payable and accrued liabilities		(65,626	)		-
Net cash provided by operating activities of discontinued operations	$	(37,487	)	$	(18,804	)

INVESTING ACTIVITIES OF DISCONTINUED OPERATIONS
Net cash held in discontinued operations		(541	)		-
Net cash used in investing activities of discontinued operations	$	(541	)	$	-

FINANCING ACTIVITIES OF DISCONTINUED OPERATIONS
Proceeds from related party advances	$	5,500		$	-
Exercise of warrants for common stock		-			120,000
Net cash used in financing activities of discontinued operations	$	5,500		$	120,000

SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2023

SUBSEQUENT EVENTS

Subsequent Events

NOTE 13 – SUBSEQUENT EVENTS

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Sep. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis Of Presentation	The Company follows the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America and has a year-end of December 31^st. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented.
Principles of Consolidation	The accompanying consolidated financial statements include the accounts of Accredited Solutions, Inc., its wholly-owned subsidiary, Diamond Creek Group, LLC, and its former subsidiary Petro X Solutions, Inc. (collectively, the “Company”). All intercompany accounts have been eliminated upon consolidation.
Condensed Financial Statements	The unaudited condensed financial statements of the Company for the nine month periods ended September 30, 2023 and 2022, have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Regulation S-K. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. However, such information reflects all adjustments (consisting solely of normal recurring adjustments), which are, in the opinion of management, necessary for the fair presentation of the financial position and the results of operations. Results shown for interim periods are not necessarily indicative of the results to be obtained for a full fiscal year. The balance sheet information as of December 31, 2022, was derived from the audited financial statements included in the Company’s financial statements as of and for the year ended December 31, 2022, included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission. These unaudited condensed financial statements should be read in conjunction with that report.
Use Of Estimates	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the recoverability of long-lived assets and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
Impairment Of Long-lived Assets	Long-lived assets and certain identifiable intangible assets to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Determination of recoverability is based on an estimate of undiscounted future cash flows resulting from the use of the asset and its eventual disposition. Measurement of an impairment loss for long-lived assets and certain identifiable intangible assets that management expects to hold and use is based on the fair value of the asset. Long-lived assets and certain identifiable intangible assets to be disposed of are reported at the lower of carrying amount or fair value less costs to sell.
Goodwill and Other Intangible Assets	Goodwill and indefinite-lived intangible assets are not amortized, but are evaluated for impairment annually or when indicators of a potential impairment are present. Our impairment testing of goodwill is performed separately from our impairment testing of indefinite-lived intangibles. The annual evaluation for impairment of goodwill and indefinite-lived intangibles is based on valuation models that incorporate assumptions and internal projections of expected future cash flows and operating plans. We believe such assumptions are also comparable to those that would be used by other marketplace participants. We evaluate a number of factors to determine whether an indefinite life is appropriate, including the competitive environment, market share, brand history, product life cycles, operating plans and the macroeconomic environment of the countries in which the brands are sold. When certain events or changes in operating conditions occur, an impairment assessment is performed and indefinite-lived brands may be adjusted to a determinable life. The cost of intangible assets with determinable useful lives is amortized to reflect the pattern of economic benefits consumed, either on a straight-line or accelerated basis over the estimated periods benefited. Patents, technology and other intangibles with contractual terms are generally amortized over their respective legal or contractual lives. Customer relationships, brands and other non-contractual intangible assets with determinable lives are amortized over periods generally ranging from 5 to 30 years. When certain events or changes in operating conditions occur, an impairment assessment is performed and lives of intangible assets with determinable lives may be adjusted.
Fair Value Of Financial Instruments	The FASB issued ASC 820-10, Fair Value Measurements and Disclosures, for financial assets and liabilities. ASC 820-10 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value: - Level 1: Quoted prices in active markets for identical assets or liabilities - Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. - Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Determining which category an asset or liability falls within the hierarchy requires significant judgment. We evaluate our hierarchy disclosures each quarter.
Cash And Cash Equivalents	For purposes of the statement of cash flows, cash equivalents include demand deposits, money market funds, and all highly liquid debt instructions with original maturities of three months or less. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.
Inventory	Inventory consisting of raw materials and finished product is stated at the lower of cost (first in, first out method) or net realizable value.
Concentration and Credit Risk	The Company does not have any financial asset and therefore is not exposed to any credit risks. Cash - The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.
Accounts Receivable And Allowance For Doubtful Accounts	Trade accounts receivable consists of product sales to customers. Trade accounts receivable are generally due 30 days after issuance of the invoice. Receivables past due more than 120 days are considered delinquent. Delinquent receivables are written off based on specific circumstances of the customer. At September 30, 2023, an allowance was not deemed necessary.
Derivative Financial Instruments	For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. For stock-based derivative financial instruments, the Company used a Black Scholes valuation model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date.
Commitment And Contingencies	The Company follows ASC 450-20, Loss Contingencies, to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. The Company follows ASC 440-10, Commitments, to report accounting for certain commitments.
Net Loss Per Common Share	The Company computes net income or loss per share in accordance with ASC 260 Earnings per Share. Under the provisions of the Earnings per Share Topic ASC, basic net loss per share is computed by dividing the net loss available to common stockholders for the period by the weighted average number of shares of common stock outstanding during the period. The calculation of diluted net loss per share gives effect to common stock equivalents; however, potential common shares are excluded if their effect is anti-dilutive.
Income Taxes	The Company accounts for its income taxes in accordance with ASC 740 Income Taxes, which requires recognition of deferred tax assets and liabilities for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. A valuation allowance is provided for the amount of deferred tax assets that would otherwise be recorded for income tax benefits primarily relating to operating loss carryforwards as realization cannot be determined to be more likely than not. The statement establishes a more-likely-than-not threshold for recognizing the benefits of tax return positions in the financial statements. Also, the statement implements a process for measuring those tax positions which meet the recognition threshold of being ultimately sustained upon examination by the taxing authorities. There are no uncertain tax positions taken by the Company on its tax returns and the adoption of the statement had no material impact to the Company’s financial statements. The Company files tax returns in the US and states in which it has operations and is subject to taxation. Tax years subsequent to 2019 remain open to examination by U.S. federal and state tax jurisdictions.
Revenue Recognition	Revenue is recognized in accordance with ASC 606. The Company performs the following five steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Company applies the five-step model to arrangements that meet the definition of a contract under Topic 606, including when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of Topic 606, the Company evaluates the goods or services promised within each contract related performance obligation and assesses whether each promised good or service is distinct. The Company recognizes as revenue, the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied. The Company recognizes revenue upon completion of our performance obligations or expiration of the contractual time to use services such as professional service hours purchased in bulk for a given time period.
Recently Issued Accounting Pronouncements	From time to time, new accounting pronouncements are issued by FASB that are adopted by the Company as of the specified effective date. If not discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company’s financial statements upon adoption.

INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2023

INTANGIBLE ASSETS

Schedule Of Acquisition Price

Purchase Price Allocation	Amount
Acquisition cost	$	643,000
Assets acquired
Cash and cash equivalents		38,635
Accounts receivable		41,611
Property and equipment		97,228
Trademark		100,000
Total assets acquired		277,474

Liabilities assumed
Accounts payable and accrued liabilities		77,998
Note payable		20,000
Total liabilities assumed		97,998
		463,524
Impairment of goodwill		161,309
Goodwill	$	302,215

DERIVATIVE LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2023

DERIVATIVE LIABILITIES

Schedule Of assumptions utilized in estimating fair values of the liabilities

	Nine months ended
	September 30, 2023
Expected term	1.00 years
Expected average volatility		262.02	%
Expected dividend yield		-
Risk-free interest rate		5.46	%

Schedule Of Fair Value Measurements Of The Derivative Liabilities

Total				Level 1				Level 2				Level 3
$	4,461,733			$	-			$	-			$	4,461,733

Total				Level 1				Level 2				Level 3
$	2,838,278			$	-			$	-			$	2,838,278

DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2023

DISCONTINUED OPERATIONS

Summary Of Separately Reported Assets and Liabilities of The Discontinued Operations (Held for Sale) In The Consolidated Balance Sheets

	September 30, 2023		December 31, 2022
CURRENT ASSETS OF DISCONTINUED OPERATIONS:
Cash and cash equivalents	$	-	$	34,550
Inventories		-		91
Prepaid expenses		-		231,610
TOTAL CURRENT ASSETS OF DISCONTINUED OPERATIONS	$	-	$	266,251

CURRENT LIABILITIES OF DISCONTINUED OPERATIONS
Accounts payable and accrued liabilities	$	-	$	200,149
TOTAL CURRENT LIABILITIES OF DISCONTINUED OPERATIONS	$	-	$	200,149

Summary Of Discontinued Operations In The Consolidated Statements Of Operations

	Three Months Ended
	September 30, 2023		September 30, 2022
Net sales	$	-	$	-
Cost of sales		-		2,517
Gross profit		-		(2,517	)

OPERATING EXPENSES OF DISCONTINUED OPERATIONS:
General and administrative		-		148
		-		148
OPERATING INCOME (LOSS) OF DISCONTINUED OPERATIONS		-		(2,665	)

INCOME (LOSS) BEFORE INCOME TAXES OF DISCONTINUED OPERATIONS		-		(2,665	)
Provision for income taxes of discontinued operations		-		-
NET INCOME (LOSS) OF DISCONTINUED OPERATIONS	$	-	$	(2,665	)

	Nine Months Ended
	September 30, 2023			September 30, 2022
Net sales	$	-		$	250
Cost of sales		5,038			2,563
Gross profit		(5,038	)		(2,313	)

OPERATING EXPENSES OF DISCONTINUED OPERATIONS:
General and administrative		192,213			3,252
		192,213			3,252
OPERATING INCOME (LOSS) OF DISCONTINUED OPERATIONS		(197,251	)		(5,565	)

INCOME (LOSS) BEFORE INCOME TAXES OF DISCONTINUED OPERATIONS		(197,251	)		(5,565	)
Provision for income taxes of discontinued operations		-			-
NET INCOME (LOSS) OF DISCONTINUED OPERATIONS	$	(197,251	)	$	(5,565	)

Summary Of Discontinued Operations In The Consolidated Statements Of Cash Flows

	Nine Months Ended
	September 30, 2023			September 30, 2022
DISCONTINUED OPERATING ACTIVITIES
Net loss	$	(197,251	)	$	(5,565	)
Changes in operating assets and liabilities:
Inventories		-			(13,239	)
Prepaid expenses and other current assets		225,390			-
Accounts payable and accrued liabilities		(65,626	)		-
Net cash provided by operating activities of discontinued operations	$	(37,487	)	$	(18,804	)

INVESTING ACTIVITIES OF DISCONTINUED OPERATIONS
Net cash held in discontinued operations		(541	)		-
Net cash used in investing activities of discontinued operations	$	(541	)	$	-

FINANCING ACTIVITIES OF DISCONTINUED OPERATIONS
Proceeds from related party advances	$	5,500		$	-
Exercise of warrants for common stock		-			120,000
Net cash used in financing activities of discontinued operations	$	5,500		$	120,000

NATURE OF OPERATIONS (Details Narrative) - USD ($)		1 Months Ended	9 Months Ended
NATURE OF OPERATIONS (Details Narrative) - USD ($)	Apr. 02, 2021	Apr. 23, 2021	Sep. 30, 2023
Remaining payment for acquisition		$ 143,000
Initial payment for acquisition	$ 500,000
Business acquisition merger, description			a Wyoming corporation (“PXS”), with PXS becoming our wholly-owned subsidiary as a result of the PXS Merger. Pursuant to the PXS Merger Agreement, as amended, an aggregate of 120,000,000 shares of Company common stock were issued to the shareholders of PXS in the PXS Merger
Business Acquisition [Member]
Remaining payment for acquisition		$ 143,000
Initial payment for acquisition	500,000
Purchase price	$ 643,000

GOING CONCERN (Details Narrative) - USD ($)	9 Months Ended
GOING CONCERN (Details Narrative) - USD ($)	Sep. 30, 2023	Sep. 30, 2022
GOING CONCERN
Net cash used in operating activities	$ 9,497	$ 146,674
Working Capital Deficit	$ (6,088,955)

ACQUISITION OF PETRO X SOLTUIONS INC (Details Narrative)	May 11, 2022 shares
ACQUISITION OF PETRO X SOLTUIONS INC
Shares issued	100,000,000
Shares issued to directors	81,083,333

RESCISSION OF ACQUISITION OF PETRO X SOLUTIONS INC (Details Narrative)	May 11, 2022 shares
RESCISSION OF ACQUISITION OF PETRO X SOLUTIONS INC
Shares issued to shareholders	100,000,000

INTANGIBLE ASSETS (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
INTANGIBLE ASSETS
Acquisition Cost	$ 643,000
Assets acquired
Cash and cash equivalents	38,635
Accounts receivable	41,611
Property and Equipment	97,228
Trademark	100,000
Total assets acquired	277,474
Liabilities assumed
Accounts payable and accrued liabilities	77,998
Note payable	20,000
Total liabilities assumed	97,998
Assets acquired and liabilities assumed, net	463,524
Impairment of goodwill	161,309
Goodwill	$ 302,215	$ 302,215

INTANGIBLE ASSETS (Details Narrative) - USD ($)		1 Months Ended			9 Months Ended	12 Months Ended
INTANGIBLE ASSETS (Details Narrative) - USD ($)	Apr. 02, 2021	Apr. 23, 2021	Feb. 28, 2020	Apr. 30, 2019	Sep. 28, 2023	Dec. 31, 2021	Feb. 12, 2019
Rights, trade secrets and inventory related consideration				$ 32,462
Acquisition price	$ 643,000
Initial portion of purchase price paid	$ 500,000
Balance payment related to acquisition		$ 143,000
Description of related party					On December 31, 2022 the Company impaired the Good Hemp-related assets by $7,000, based on evaluation of these assets by management. In February 2023, the Company sold all of its Good Hemp-related assets to JanBella Group, LLC, a company controlled by the Company’s current controlling shareholder, William Alessi (then, a third-party). In consideration of such assets, Mr. Alessi forgave $5,000 of indebtedness of the Company
Impairment of goodwill						$ 161,309
Expenses						$ 1,735,714
Branding agreement, description			the Company entered into a Branding Agreement (the “Branding Agreement”) with Spire Holdings, LLC (“Spire Holdings”), pursuant to which the Company would immediately issue Spire Holdings 6,000,000 shares of the Company’s common stock (the “Spire Shares”), and Spire Holdings would provide the Company (i) 7 primary NASCAR Cup Series No. 77 entry automobile, team and drivers (“Car”) sponsorships, and (ii) 25 associate or secondary sponsorships in connection with the Car, subject to NASCAR and network television approval
S. Mark Spoone [Member] \| Class A Preferred Shares [Member]
Class A preferred shares total value							$ 12,000
Preferred Stock Shares Issued For Acquisitions							12,000

NOTES PAYABLE (Details Narrative) - USD ($)			1 Months Ended		3 Months Ended				6 Months Ended	9 Months Ended
NOTES PAYABLE (Details Narrative) - USD ($)	Oct. 05, 2021	May 04, 2021	Jul. 27, 2022	Mar. 26, 2021	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Aug. 13, 2021
Loan fees					$ 0	$ 0	$ 3,996	$ 9,810	$ 9,810	$ 0	$ 13,806
Securities Purchase Agreement [Member] \| Diagonal Lending LLC Member
Legal Fees			$ 3,000
Convertible Promissory Note Principal Amount			$ 129,250
Maturity Date			Jul. 27, 2023
Ownership Percentage Towards Common Stock			4.99%
Note payable owed balance to related party					73,950					73,950
Accrued interest					13,704					13,704
Interest Rate			9.00%
Debt instrument funding amount			$ 125,000
Diligence fee			$ 1,250
Rght to repay the Note at premium ranging, percentage rate			The Company has the right to repay the Note at a premium ranging from 115% to 125% of the face amount. After the 180th day following July 27, 2022, the Company has no right of repayment. The Note is convertible into shares of the Company’s common stock at a conversion price equal to 65% of the market price of the Company’s common stock on the date of conversion, any time after the date that is 180 days after July 27, 2022
Securities Purchase Agreement [Member] \| Metrospaces, Inc. [Member]
Convertible Promissory Note Principal Amount		$ 50,000
Maturity Date		May 04, 2022
Shares Issuable Description		The note is convertible into shares of the Company’s common stock at any time at a conversion price equal to 65% multiplied by the lowest closing price during the 20 trading day period prior to the date of conversion (and including the conversion date)
Ownership Percentage Towards Common Stock		9.90%
Convertible Note Prepayment Description		The note carries a prepayment penalty if it is paid off in 180 days following the note date. The prepayment penalty is based on the then-outstanding principal at the time of payoff, plus accrued and unpaid interest, multiplied by 115% if prepaid within 60 days, 120% if prepaid from 61 days-120 days, and 125% if prepaid between 121 days-180 days of issuance. After the expiration of 180 days, the Company shall have no right of prepayment
Note payable owed balance to related party					31,950					31,950
Accrued interest					28,899					28,899
Interest Rate		5.00%
Convertible Promissory Note		$ 50,000
Securities Purchase Agreement [Member] \| Jefferson Street Capital, LLC [Member]
Maturity Date	Aug. 20, 2022
Shares Issuable Description	The note is convertible into shares of the Company’s common stock at any time at a conversion price equal to 75% multiplied by the lowest closing bid price during the 10 trading day period prior to the date of conversion (and including the conversion date)
Ownership Percentage Towards Common Stock	4.99%
Note payable owed balance to related party					115,272					115,272
Interest Rate	10.00%
Convertible Promissory Note	$ 25,000											$ 230,000
Convertible Promissory Note Principal Amount	275,000
Loan fees	$ 20,000
Securities Purchase Agreement [Member] \| Leonite Capital LLC [Member]
Legal Fees				$ 2,000
Convertible Promissory Note Principal Amount				$ 568,182
Maturity Date				Mar. 26, 2022
Shares Issuable Description				The note is convertible into shares of the Company’s common stock beginning on the date which is 180 days from the date of the note, at a conversion price equal to 65% multiplied by the lowest closing bid price during the 20 trading day period ending on the last complete trading day prior to the date of conversion
Ownership Percentage Towards Common Stock				4.99%
Convertible Note Prepayment Description				The note carries a prepayment penalty if the note is paid off in 30, 60, 90, 120, 150, or 180 days following the note date. The prepayment penalty is based on the then-outstanding principal at the time of payoff, plus accrued and unpaid interest, multiplied by 112%, 115%, 118%, 125%, 130%, and 135% respectively. After the expiration of 180 days following the issue date, the Company shall have no right of prepayment
Common Stock Issuance of Shares				65,000
Note payable owed balance to related party					332,749					332,749
Accrued interest					$ 367,731					$ 367,731
Interest Rate				8.00%

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended
	Feb. 28, 2023	Jul. 18, 2019	Sep. 30, 2023	Oct. 15, 2021	Jan. 29, 2020
Description of converted		The number of shares which will be issued upon any conversion of the notes will be determined by dividing the principal amount to be converted (plus, at the option of the noteholder, accrued and unpaid interest) by the lower of (i) $0.001 or, (ii) 50% of the lowest bid price during the forty-five consecutive trading day period ending on the trading day immediately prior to the conversion date
Interest rate			10.00%
Maurice Bideaux
Payable to related party			$ 17,574
Additional advance from related party			38,910
Mr. William Alessi [Member]
Issuance of common stock					7,000,000
Promissory notes principal amount					$ 7,000
Promissory notes held				$ 50,287
Indebtedness forgave	$ 5,000
Additional interest amount	$ 50,000
Convertible promissory note interest rate	8.00%
Original principal amount	$ 568,182
Principal amount			241,052
JanBella Group [Member]
Principal amount			144,867
Mr. Chumas [Member]
Principal amount			142
Bill Alessi [Member]
Advances payment amount	$ 14,100
Eric Newlan [Member]
Advances payment amount			$ 10,350

DERIVATIVE LIABILITIES (Details)	9 Months Ended
DERIVATIVE LIABILITIES (Details)	Sep. 30, 2023
DERIVATIVE LIABILITIES
Expected term	1 year
Expected average volatility	262.02%
Expected dividend yield	0.00%
Risk-free interest rate	5.46%

DERIVATIVE LIABILITIES (Details 1) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Total	$ 4,461,733	$ 2,838,278
Level 1 [Member]
Total	0	0
Level 2 [Member]
Total	0	0
Level 3 [Member]
Total	$ 4,461,733	$ 2,838,278

CAPITAL STOCK (Details Narrative) - USD ($)	1 Months Ended		9 Months Ended
CAPITAL STOCK (Details Narrative) - USD ($)	Apr. 25, 2023	Jan. 31, 2023	Sep. 30, 2023
Jefferson Street Capital, LLC [Member]
Common Share Issued Convertible Debt, Shares			15,961,538
Common Share Issued Convertible Debt, Amount			$ 15,962
1800 Diagonal Lending, LLC [Member]
Common Share Issued Convertible Debt, Shares			157,557,818
Common Share Issued Convertible Debt, Amount			$ 55,300
William Alessi [Member]
Common Share Issued Convertible Debt, Shares			15,914,511
Common Share Issued Convertible Debt, Amount			$ 15,914
Janbella Group, LLC [Member]
Common Share Issued Convertible Debt, Shares			53,928,230
Common Share Issued Convertible Debt, Amount			$ 26,964
Leonite Capital LLC [Member]
Common Share Issued Convertible Debt, Shares			114,657,232
Common Share Issued Convertible Debt, Amount			$ 72,142
McLain Investments, LLC [Member]
Common Share Issued Convertible Debt, Shares		20,000,000
Convertible Debt, aggregate amount		$ 18,000
Spire Motorsports, LLC [Member]
Common Share Issued Convertible Debt, Shares	15,000,000
Common Share Issued Convertible Debt, Amount	$ 6,000

DISCONTINUED OPERATIONS (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
TOTAL CURRENT ASSETS OF DISCONTINUED OPERATIONS	$ 0	$ 266,251
TOTAL CURRENT LIABILITIES OF DISCONTINUED OPERATIONS	0	200,149
Discontinued Operations [Member]
Cash and cash equivalents	0	34,550
Inventories	0	91
Prepaid expenses	0	231,610
TOTAL CURRENT ASSETS OF DISCONTINUED OPERATIONS		266,251
Accounts payable and accrued liabilities	0	200,149
TOTAL CURRENT LIABILITIES OF DISCONTINUED OPERATIONS	$ 0	$ 200,149

DISCONTINUED OPERATIONS (Details 1) - USD ($)	3 Months Ended		9 Months Ended
DISCONTINUED OPERATIONS (Details 1) - USD ($)	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
NET INCOME (LOSS) OF DISCONTINUED OPERATIONS	$ 0	$ (2,665)	$ (197,251)	$ (5,565)
Discontinued Operations [Member]
Net sales	0	0	0	250
Cost of sales	0	2,517	5,038	2,563
Gross profit	0	(2,517)	(5,038)	(2,313)
General and administrative	0	148	192,213	3,252
OPERATING EXPENSES OF DISCONTINUED OPERATIONS	0	148	192,213	3,252
OPERATING INCOME (LOSS) OF DISCONTINUED OPERATIONS	0	(2,665)	(197,251)	(5,565)
INCOME (LOSS) BEFORE INCOME TAXES OF DISCONTINUED OPERATIONS	0	(2,665)	(197,251)	(5,565)
Provision for income taxes of discontinued operations	$ 0	$ 0	$ 0	$ 0

DISCONTINUED OPERATIONS (Details 2) - USD ($)	9 Months Ended
DISCONTINUED OPERATIONS (Details 2) - USD ($)	Sep. 30, 2023	Sep. 30, 2022
Net cash provided by operating activities of discontinued operations	$ (37,487)	$ (18,804)
Discontinued Operations [Member]
Net loss	(197,251)	(5,565)
Inventories	0	(13,239)
Prepaid expenses and other current assets	225,390	0
Accounts payable and accrued liabilities	(65,626)	0
Net cash provided by operating activities of discontinued operations	(37,487)	(18,804)
Net cash held in discontinued operations	(541)	0
Net cash used in investing activities of discontinued operations	(541)	0
Exercise of warrants for common stock	0	120,000
Proceeds from related party advances	5,500	0
Net cash used in financing activities of discontinued operations	$ 5,500	$ 120,000

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event Member	1 Months Ended
	Oct. 25, 2023 USD ($)
principle amount of promissory note	$ 12,000
Description of Securities purchase agreement	The Note matures 12 months after the date of the note on October 25, 2024. The Company has the right to repay the Note at a premium ranging from 115% to 125% of the face amount. After the 180th day following October 25, 2023, the Company has no right of repayment. The Note is convertible into shares of the Company’s common stock at a conversion price equal to 61% of the lowest trading price of the Company’s common stock during a twenty (20) day period, any time after the date that is 180 days after October 25, 2023
Rate of promissory note	9.00%
Received funding amount	$ 12,000
Investor beneficial ownership rate	4.99%