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

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(MARK ONE)

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

For the quarterly period ended June 30, 2023

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

For the transition period from ____________ to ___________

Commission File No. 000-56212

EVIL EMPIRE DESIGNS, INC.

(Exact name of registrant as specified in its charter)

Nevada

45-5530035

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

5313 Corbett St.

Las Vegas, Nevada 89130

(Address of principal executive offices, zip code)

(725) 666-3700

(Registrant’s telephone number, including area code)

___________________________________________________________

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

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

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Indicate by check mark whether the issuer (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 and post such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (check one):

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

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

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

APPLICABLE ONLY TO CORPORATE ISSUERS

As of August 15, 2023, there were 19,391,829 shares of common stock, $0.001 par value per share, outstanding.

EVIL EMPIRE DESIGNS, INC.

QUARTERLY REPORT ON FORM 10-Q

FOR THE PERIOD ENDED JUNE 30, 2023

INDEX

Index		Page

PART I. FINANCIAL INFORMATION

Item 1.	Financial Statements.	4

	Balance Sheets as of June 30, 2023 (unaudited) and December 31, 2022.	4

	Statements of Operations for the Three and Six Months ended June 30, 2023 and 2022 (unaudited)	5

	Statements of Stockholders’ Deficit for Three Months ended June 30, 2023 and at December 31, 2022 (unaudited).	6

	Statements of Cash Flows for the Six Months ended June 30, 2023 and 2022 (unaudited).	7

	Notes to Condensed Financial Statements (unaudited).	8

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	13

Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	15

Item 4.	Controls and Procedures.	15

PART II. OTHER INFORMATION

Item 1.	Legal Proceedings.	16

Item 1A.	Risk Factors.	16

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	16

Item 3.	Defaults Upon Senior Securities.	16

Item 4.	Mine Safety Disclosures.	16

Item 5.	Other Information.	16

Item 6.	Exhibits.	16

Signatures		17

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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q of Evil Empire Designs, Inc., a Nevada corporation (the “Company”), contains “forward-looking statements,” as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “may”, “will”, “should”, “could”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (i) the development and protection of our brands and other intellectual property, (ii) the need to raise capital to meet business requirements, (iii) significant fluctuations in marketing expenses, (iv) the ability to achieve and expand significant levels of revenues, or recognize net income, from the sale of our products, (v) the Company’s ability to conduct the business if there are changes in laws, regulations, or government policies related to the motorcycle or motorcycle parts industry, (vi) management’s ability to attract and maintain qualified personnel necessary for the development and commercialization of its planned products, (vii) the impact of the COVID-19 pandemic on our business, suppliers, consumers, customers, and employees or the overall economy, and (viii) other information that may be detailed from time to time in the Company’s filings with the United States Securities and Exchange Commission (“SEC”).

Our management has included projections and estimates in this Form 10-Q, which are based primarily on management’s experience in the industry, assessments of our results of operations, discussions and negotiations with third parties and a review of information filed by our competitors with the SEC or otherwise publicly available. We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

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PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

EVIL EMPIRE DESIGNS, INC

BALANCE SHEETS

(Unaudited)

	June 30, 2023			December 31, 2022
	(Unaudited)			(Audited)
ASSETS
Current assets:
Cash and cash equivalents	$	3,303		$	227
Accounts receivable		6,087			6,087
Interest receivable		20,268			14,268
Prepaid		4,750			-
Note receivable		50,000			-
Total current assets		84,408			20,582

Fixed assets
Fixed assets, net of depreciation of $41,455 and $39,089		6,748			9,124
Note receivable-TOL		100,000			100,000
Other assets		1,176,930			185,200
Goodwill		91,270			-

Total assets	$	1,459,356		$	314,906

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities:

Accounts payable and accrued expenses	$	217,456		$	186,675
Convertible notes payable		539,100			375,425
Notes payable		103,959			158,959
Total current liabilities		860,515			721,059

Total liabilities		860,515			721,059

Stockholders’ equity (deficit):
Preferred stock, $0.001 par value 25,000,000 authorized none are issued or outstanding
Common stock, $0.001 par value 100,000,000 authorized, 19,391,829, and 8,797,750 issued and outstanding, respectively:		19,392			8,798
Additional paid-in capital		1,343,273			225,717
Accumulated deficit		(763,825	)		(640,668	)
Total stockholders’ equity (deficit)		598,841			(406,153	)

Total liabilities and stockholders’ equity (deficit)	$	1,459,356		$	314,906

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

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EVIL EMPIRE DESIGNS, INC.

STATEMENTS OF OPERATIONS

As of June 30,

(Unaudited)

	Three Months						Six Months
	2023			2022			2023			2022
Revenue	$	690		$	10,171		$	2,298		$	20,645
Cost of goods		212			4,075			432			18,055
Gross Margin		478			6,096			1,866			2,590

Operating expenses:
General and administrative expense		7,596			5,448			10,816			10,031
Professional Fees		42,642			-			65,642			-
Depreciation and amortization		805			143			1,610			2,040
Total operating expenses		51,043			5,591			(78,067	)		12,071

Income (loss) from operations		(50,565	)		505			(76,201	)		(9,481	)

Other income (expense):
Other income		3,001			3,085			6,401			6,085
Loss on accounts payable		(22,575	)		-			(22,575	)		-
Interest expense		(17,124	)		(12,304	)		(30,781	)		(24,608	)
Total other income (expense)		(36,698	)		(9,219	)		(46,955	)		(18,523	)

Net income (loss)	$	(87,263	)	$	(8,714	)	$	(123,156	)	$	(28,004	)

Net income (loss) per share, basic and diluted	$	(0.01	)	$	(0.00	)	$	(0.01	)	$	(0.00	)

Weighted average number of shares outstanding, basic and diluted		8,914,168			8,057,750			8,855,959			8,057,750

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

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EVIL EMPIRE DESIGNS, INC

STATEMENTS OF STOCKHOLDERS’ DEFICIT

(Unaudited)

					Additional					Total
	Common Stock				Paid-In		Accumulated			Stockholders’
	Shares		Amount		Capital		Deficit			Deficit

Balance at December 31, 2021		8,057,500		8,058		222,757		(589,698	)		(358,883	)

Net loss		-		-		-		(19,290	)		(19,290	)

Balance at March 31, 2022		8,057,500		8,058		222,757		(608,988	)		(378,173	)

Net loss		-		-		-		(8,714	)		(8,714	)

Balance at June 30, 2022		8,057,500		8,057		227,757		(617,702	)		(386,887	)


Balance at December 31, 2022		8,797,750		8,798		225,717		(640,668	)		(406,153	)

Net loss		-		-		-		(35,895	)		(35,895	)

Balance at March 31, 2023		8,797,750		8,798		225,717		(676,563	)		(442,047	)
Common stock issued for acquisition		10,000,000		10,000		1,073,000		-			1,083,000
Common stock issued for AP		594,079		594		44,556		-			45,150

Net Loss		-		-		-		(87,263	)		(87,263	)

Balance at June 30, 2023		19,391,829	$	19,392	$	1,343,273	$	(763,825	)	$	598,841

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

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EVIL EMPIRE DESIGNS, INC

STATEMENTS OF CASH FLOWS

FOR SIX MONTHS ENDED June 30,

(Unaudited)

	Six Months
	2023			2022

Cash flows from operating activities:	$	(123,156	)	$	(28,004	)
Net (loss)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		1,610			2,040
Prior year adjustment		766			-
Shares issuance against notes payable		45,150
Changes in operating assets and liabilities:
Accounts receivables		(6,000	)		(6,000	)
Prepaid		(4,750	)		-
Note receivable		(50,000	)
Accounts payable and accrued expenses		30,781			16,217
Net cash used in operating activities		(105,599	)		(15,747	)

Cash flows from investing activities
Investment		-			-
Net cash used in investing activities		-			-

Cash flows from financing activities:
Bank overdraft		-			(18	)
Repayment of notes		(55,000	)		-
Proceeds from convertible notes		163,675			15,929
Net cash provided by financing activities		108,675			15,911

Net increase (decrease) in cash		3,076			164
Cash and cash equivalents – beginning of year		227			-
Cash and cash equivalents – end of period	$	3,303		$	164

SUPPLEMENT DISCLOSURES:
Interest paid	$	-		$	-
Income taxes paid	$	-		$	-

NON CASH TRANSACTIONS
Common stock issued for assets	$	991,730		$	-
Common stock issued for goodwill		91,270			-
Common stock issued for accounts payable	$	45,150		$	-

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

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EVIL EMPIRE DESIGNS, INC

NOTES TO FINANCIAL STATEMENTS

AS OF JUNE 30, 2023

(Unaudited)

NOTE 1 - NATURE OF BUSINESS

Evil Empire Designs, Inc., (formerly Jaycor Resources Inc.) (Jaycor) was organized on December 23, 2009 under the name US Terra Energy Corp in the State of Nevada. The Company was organized to explore investment opportunities in the energy business. In June 2016, the Company changed its business model to making and selling accessories to the motorcycle market.

The Company authorized 125,000,000 shares consisting of 100,000,000 of common stock with a par value of $0.001 per share and 25,000,000 shares of preferred stock with a par value of $0.001 per share.

On April 24, 2012, the Company filed a Certificate of Amendment amending the Articles of Incorporation changing the name of the Corporation to Jaycor Resources, Inc.

On September 12, 2016, the Company filed a Certificate of Amendment amending the Articles of Incorporation changing the name of the Corporation to Evil Empire Designs, Inc.

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

These financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for financial information and reflect all adjustments which, in the opinion of management, are necessary for a fair presentation.

The unaudited interim financial statements of the Company for the three and six months ended June 30, 2023 and 2022 have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position and the results of operations for the interim periods presented herein. The results of operations for the interim periods are not necessarily indicative of the results to be expected for any subsequent quarters or for an entire year.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the balance sheet. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. As of June 30, 2023 the Company did not have any cash equivalents.

Accounts receivable

Accounts receivable are carried at face value less any provisions for uncollectible accounts considered necessary. Accounts receivable include receivables from customers that have received their product order. Bad debt expense is a recognition of uncollectable receivables based on past years’ experience and management’s estimate of likely losses for the year. No allowance for bad debt was considered necessary as of June 30, 2023 and 2022 respectively due to no receivables listed.

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Inventory

Inventories are stated at the lower or cost of market using the first-in; first-out (FIFO) cost method of accounting. The inventory consists of raw materials used to make various products for sale.

Revenue recognition

Revenue is recognized when control of the promised goods or services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services.

Property and Equipment

Property and equipment is recorded at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the expected useful life of the asset (3 to 5 years), beginning when the asset is available and ready for use. Expenditures associated with upgrades and enhancements that improve, add functionality, or otherwise extend the life of property and equipment are capitalized, while expenditures that do not, such as repairs and maintenance, are expensed as incurred. For the three and six months ended June 30, 2023 and depreciation and amortization expense totaled $805 and $1,610.

Impairment of long-lived assets

The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical-cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is estimated based upon either discounted cash flow analysis or estimated salvage value. As of June 30, 2023 no impairment losses have been recognized.

Income Taxes

Deferred tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. A valuation allowance is established when necessary to reduce deferred tax assets to the amounts expected to be realized.

The Company accounts for income taxes under the provisions of Financial Accounting Standards Board) Accounting Standards Codification 740, Accounting for Income Taxes. It prescribes a recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. As a result, the Company has applied a more-likely-than-not recognition threshold for all tax uncertainties. The guidance only allows the recognition of those tax benefits that have a greater than 50% likelihood of being sustained upon examination by the various taxing authorities.

The Company classifies penalties and interest related to unrecognized tax benefits as income tax expense in the Statements of Operations.

Basic and diluted net loss per share

Basic and diluted net loss per share calculations are calculated on the basis of the weighted average number of common shares outstanding during the year. Diluted loss per share calculations includes the dilutive effect of common stock. Basic and diluted net loss per share is the same due to the absence of common stock equivalents.

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Fair Value of Financial Instruments

The Company’s financial instruments consist of cash and cash equivalents, accounts payable and accrued expenses and shareholder loans. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.

Financial assets and liabilities recorded at fair value in our condensed consolidated balance sheets are categorized based upon a fair value hierarchy established by GAAP, which prioritizes the inputs used to measure fair value into the following levels:

Level 1 — Quoted market prices in active markets for identical assets or liabilities at the measurement date.

Level 2 — Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable and can be corroborated by observable market data.

Level 3 — Inputs reflecting management’s best estimates and assumptions of what market participants would use in pricing assets or liabilities at the measurement date. The inputs are unobservable in the market and significant to the valuation of the instruments.

A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

Related Parties

A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.

Recent Accounting Pronouncements

Because the Company has been recently reorganized and has not yet transacted any business, the new accounting standards have no significant impact on the financial statements and related disclosures. As new accounting pronouncements are issued, the Company will adopt those that are applicable under the circumstances.

NOTE 3 - GOING CONCERN

The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company, as shown in the accompanying balance sheets, has an accumulated deficit of $763,825 as of June 30, 2023 and $640,668 as of December 31, 2022. The Company is establishing nominal source of revenue to cover its operating costs. These factors raise 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. The Company will engage in very limited activities that must be satisfied in cash until a source of funding is secured. The Company will offer noncash consideration and seek equity lines as a means of financing its operations. If the Company is unable to obtain revenue producing contracts or financing or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholders.

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NOTE 4 - PROPERTY AND EQUIPMENT

Fixed assets including molds, printing equipment and a motorcycle for use in making products it sells. The value of the assets when acquired were $48,212. The assets are being depreciated over a 3 year life. Property and equipment consisted of the following at June 30, 2023 and December 31, 2022:

	June 30, 2023			December 31, 2022

Property and equipment	$	48,213		$	48,213
Less: accumulation depreciation		(41,458	)		(39,089	)
Net property and equipment		6,748			9,124

Depreciation expense totaled $1,610 and $3,364 for the six months periods ended June 30, 2023 and 2022, respectively

NOTE 5 - RELATED PARTY TRANSACTIONS

During the three months ended June 30, 2023 and 2022 the Company accrued in interest $3,000 & 1,850 respectively. During the three months ended June 30, 2023 and 2022 the Company paid in consultancy charges $9,450 & $0 respectively.

NOTE 6 - EQUITY

During the quarter ended June 30, 2023 the Company issued 10,000,000 shares of common stock, with a value of $1,083,000, to an individual for the assets of the Company owned by the individual. (See Note 9)

During the quarter ended June 30, 2023 the Company issued 594,079 shares of common stock with a value of $45,150 for accounts payable against legal services. The transaction created a $22,575 loss on accounts payable.

NOTE 7 - CONVERTIBLE NOTES

During the six months period ended June 30, 2023 the Company issued a one year Convertible note to 0985358 BC, Ltd for $ 22,000. The note bears an interest of 10% per annum and is convertible into common stock at $0.005 per share.

During the six months period ended June 30, 2023 the Company issued a one year Convertible note to Black Ridge Holdings, Ltd for $ 141,675. The note bears an interest of 10% per annum and is convertible into common stock at $0.005 per share.

As of June 30, 2023 the Company had $539,100 of convertible debt plus accrued interest.

The Company determined the convertible note does not meet the requirements for derivative liability accounting as described in ASC 815. As the shares of the Company do not have a value other than par, are not readily convertible to cash at the date of issuance and are not registered to be traded. Additionally, there is no beneficial conversion feature described in ASC 470 on the date of issuance.

NOTE 8 - INVESTMENTS

On December 12, 2019, the Company signed a memorandum of understanding with Top of the Line Design, LLC whereas the Company will purchase 100 % of Top of the Line for $250,000 and advance Top of the Line $350,000 in working capital as further expanded in a definitive agreement. The Company made a good faith deposit to Top of the Line (TOL) of $40,000 at the signing of the agreement and an additional $142,500 as of March 31, 2022 for a total of $182,500. The agreement is effective for 90 days and if terminate by both parties the deposits were to be terminated. As of March 31, 2022 the agreement was still in effect. The Company loaned TOL an additional $100,000 on demand with an interest rate of 13% per annum.

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NOTE 9 – ACQUISITION OF ASSETS

On June 25, 2023, Evil Empire Designs, Inc., a Nevada corporation (the “Company”), entered into an Asset Acquisition Agreement dated June 23, 2023, by and among the Company, Trendmark Industries, Inc., a Wisconsin corporation (“Trendmark”), and the sole holder of common shares of Trendmark. In addition the Company entered into a three year consulting agreement with the sole owner and issued a note for $50,000 to over the term of the agreement. The Company closed on the agreement on June 29, 2023

Under the terms and conditions of the Asset Acquisition Agreement, the Company offered, sold and issued 10,000,000 shares of common stock in consideration for all the issued and outstanding assets of Trendmark. Timothy McNamer, the Company’s sole officer and director, became the beneficial holder of 10,000,000 common shares, or 51.5%, of the issued and outstanding shares of common stock of the Company. As a result of the share exchange, the Company acquired $991,730 of inventory and fixed assets along with $91,270 of intangible assets treated as goodwill.

NOTE 10 - SUBSEQUENT EVENTS

The Company has evaluated subsequent events to determine events occurring after June 30, 2023 through the filing of this report that would have a material impact on the Company’s financial results or require disclosure and have determined none exist.

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

The following information should be read in conjunction with (i) the financial statements of Evil Empire Designs, Inc., a Nevada corporation (the “Company”), and the notes thereto appearing elsewhere in this Form 10-Q together with (ii) the more detailed business information and the December 31, 2022 audited financial statements and related notes included in the Company’s Form 10-K (File No. 000-56212; the “Form 10-K”), as filed with the Securities and Exchange Commission on April 17, 2023. Statements in this section and elsewhere in this Form 10-Q that are not statements of historical or current fact constitute “forward-looking” statements.

OVERVIEW

The Company was incorporated in the State of Nevada on December 23, 2009, and has established a fiscal year end of December 31.

The Company’s authorized capital stock amounts to 125,000,000 shares, consisting of 100,000,000 of common stock with a par value of $0.001 per share, and 25,000,000 shares of preferred stock with a par value of $0.001 per share.

Going Concern

To date the Company has had operations and revenues of a developing business, and consequently has incurred recurring losses from operations. No substantial revenues are anticipated until we complete the financing we endeavor to obtain, as described in the Form 10-K, and implement our initial business plan. The ability of the Company to continue as a going concern is dependent on raising capital to fund our business plan and ultimately to attain profitable operations. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern.

Our activities have been financed from related-party loans and the proceeds of share subscriptions.

The Company plans to raise additional funds through debt or equity offerings. There is no guarantee that the Company will be able to raise any capital through this or any other offerings.

PLAN OF OPERATION

We are an operating motorcycle parts design, manufacturing, marketing and sales business and have generated revenues of $2,298 for the three months ended June 30, 2023. During the 12 months following the date of filing of this Quarterly Report on Form 10-Q, we will be focused on attempting to raise $750,000 of funds to expand our business. We have no assurance that future financing will materialize. If that financing is not available, we may be unable to continue. Management believes that if we are successful in raising $750,000, we will be able to generate sales revenue within the following twelve months thereof. However, if such public financing is not available, we could fail to satisfy our future cash requirements. We have no assurance that future financing will materialize. If that financing is not available we may be unable to continue. Management believes that if subsequent private placements are successful, we will be able to generate sales revenue within the following twelve months thereof. However, additional equity financing may not be available to us on acceptable terms or at all, and thus we could fail to satisfy our future cash requirements.

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If we are unsuccessful in raising the additional proceeds through a private placement offering we will then have to seek additional funds through debt financing, which would be highly difficult for an early-stage company to secure. Therefore, the Company is highly dependent upon the success of the anticipated private placement offering and failure thereof would result in the Company having to seek capital from other sources such as debt financing, which may not even be available to the Company. However, if such financing were available, because we are an early stage company, it would likely have to pay additional costs associated with high risk loans and be subject to an above market interest rate. At such time these funds are required, management would evaluate the terms of such debt financing and determine whether the business could sustain operations and growth and manage the debt load. If we cannot raise additional proceeds via a private placement of its common stock or secure debt financing it would be required to cease business operations. As a result, investors in our common stock would lose all of their investment.

With new investors joining, the Company will increase its current efforts on marketing and selling its already created variety of products.

RESULTS OF OPERATIONS

Comparison of the three and six months ended June 30, 2023 and 2022

The Company recorded revenue of $690 and $10,171 during the three months ended June 30, 2023 and 2022, respectively. The Company recorded revenue of $2,298 and $20,645 during the six months ended June 30, 2023 and 2022, respectively.

Operating expenses for the three-month period ended June 30, 2023 were $52,029, consisting of a general and administrative expense of $7,115, professional fees of 42,641, and depreciation and amortization of $805. Operating expenses for the three-month period ended June 30, 2022 were $5,591, consisting of a general and administrative expense of $5,448, and depreciation and amortization of 143. The increase in operating expenses for the three months ended June 30, 2023, was due to primarily an increase in professional fees of $42,641.

Operating expenses for the six-month period ended June 30, 2023, were $78,065, consisting of a general and administrative expense of $10,814, professional fees of 65,641, and depreciation and amortization of $1,610 for the three months ended June 30, 2023. Operating expenses for the six-month period ended June 30, 2022, were $12,071, consisting of a general and administrative expense of $10,814, and depreciation and amortization of $2,040 for the six months ended June 30, 2023. The increase in operating expenses for the three months ended June 30, 2023, was due to primarily an increase in professional fees of $65,641.

For the three-month periods ended June 30, 2023 and 2022, we had net losses of $106,508 and $8,714. For the six-month periods ended June 30, 2023 and 2022, we had net losses of $76,199 and $9,481.

Liquidity and Capital Resources

There are no agreements or understandings about future loans by or with the officers, directors, principals, affiliates, or shareholders of the Company. The Company will continue to raise outside capital through loans, equity sales and possible licensing agreements. These factors raise substantial doubt about the company’s ability to continue as a going concern

At June 30, 2023, the Company had negative working capital of 776,106, and total current assets were $84.409, and total assets were $1,268,200. Current liabilities as of June 30, 2023, were $860,515, consisting of convertible debt of $539,100, outstanding notes of $103,958, and accounts payable and accrued liabilities $217,457.

Net cash used in operating activities in the six-month periods ended June 30, 2023 and 2022, was $55,599 and $15,747, respectively. The variance between the same periods relates mainly to a net loss in 2023 of $114,399 greater than the same period in 2022.

Net cash provided by financing activities for the six-month periods ended June 30, 2023 and 2022, was $108,675, and 15,747, respectively. Cash provided was a result of proceeds from the offer and sale of convertible notes in the principal amounts of $163,657 offset by note payment of $55,000 for the period ended June 30, 2023 and sale of convertible notes of $15,929 offset by a bank overdraft of $18 for the same period in 2022.

As of June 30, 2023, the Company had total assets of $1,459,358 and total liabilities of $860,515. Our accumulated deficit as of June 30, 2023 was $783,071.

Table of Contents

Inflation

We believe that inflation has not had a significant impact on our operations since inception.

Off-Balance Sheet Arrangements

We had no off-balance sheet arrangements or guarantees of third party obligations at June 30, 2023.

Subsequent Events

None through date of this filing.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

As a smaller reporting company (as defined in Rule 12b-2 of the Exchange Act), we are not required to provide the information called for by this Item 3.

ITEM 4. CONTROLS AND PROCEDURES.

Evaluation of disclosure controls and procedures

Our management, with the participation of our President and Chief Executive Officer, evaluated the effectiveness of our disclosure controls and procedures as defined in Rule 13a-15(e) under the Exchange Act as of the end of the period covered by this Quarterly Report on Form 10-Q. In designing and evaluating the disclosure controls and procedures, our management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs. The design of any disclosure controls and procedures also is based in part upon 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.

Based on that evaluation, our President and Chief Executive Officer concluded that, as of June 30, 2023, our disclosure controls and procedures were not effective to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in SEC rules, regulations and forms, and (ii) that such information is accumulated and communicated to our management, including our President and Chief Executive Officer, as appropriate, to allow timely decisions regarding required disclosure.

Changes in internal control over financial reporting

Our management, with the participation of the President and Chief Executive Officer, has concluded there were no significant changes in our internal controls over financial reporting that occurred during this quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Table of Contents

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

The Company is not currently subject to any legal proceedings. From time to time, the Company may become subject to litigation or proceedings in connection with its business, as either a plaintiff or defendant. There are no such pending legal proceedings to which the Company is a party that, in the opinion of management, is likely to have a material adverse effect on the Company’s business, financial condition or results of operations.

ITEM 1A. RISK FACTORS

As a smaller reporting company (as defined in Rule 12b-2 of the Exchange Act), we are not required to provide the information called for by this Item 1A.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES.

Not applicable.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.

(a) The following Exhibits, as required by Item 601 of Regulation SK, are attached or incorporated by reference, as stated below.

Number		Description

3.1.1		Articles of Incorporation, dated December 23, 2009
3.1.2		Certificate of Amendment, dated April 24, 2012
3.1.2		Certificate of Amendment, dated September 12, 2016
3.1.3		Certificate of Designation, dated June 27, 2023
3.2		Bylaws
31.1		Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2*		Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1*		Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
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 Extension Calculation Linkbase Document.
101.DEF*		Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB*		Inline XBRL Taxonomy Extension Labels Linkbase Document.
101.PRE*		Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104		Cover page formatted as Inline XBRL and contained in Exhibit 101

_____________

*Furnished, not filed.

Table of Contents

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.

	EVIL EMPIRE DESIGNS, INC.

Date: August 21, 2023	By:	/s/ Sheila Cunningham
	Name:	Sheila Cunningham
	Title:	President and Chief Executive Officer (principal executive officer, principal accounting officer and principal financial officer)

nullnullnull

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2023	Aug. 15, 2023
Cover [Abstract]
Entity Registrant Name	EVIL EMPIRE DESIGNS, INC.
Entity Central Index Key	0001759424
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	true
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Entity Ex Transition Period	true
Entity Common Stock Shares Outstanding		19,391,829
Entity File Number	000-56212
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	45-5530035
Entity Address Address Line 1	5313 Corbett St
Entity Address City Or Town	Las Vegas
Entity Address State Or Province	NV
Entity Address Postal Zip Code	89130
City Area Code	725
Local Phone Number	666-3700
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

BALANCE SHEETS - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 3,303	$ 227
Accounts receivable	6,087	6,087
Interest receivable	20,268	14,268
Prepaid	4,750	0
Note receivable	50,000	0
Total current assets	84,408	20,582
Fixed assets
Fixed assets, net of depreciation of $41,455 and $39,089	6,748	9,124
Note receivable-TOL	100,000	100,000
Other assets	1,176,930	185,200
Goodwill	91,270	0
Total assets	1,459,356	314,906
Current liabilities:
Accounts payable and accrued expenses	217,456	186,675
Convertible notes payable	539,100	375,425
Notes payable	103,959	158,959
Total current liabilities	860,515	721,059
Total liabilities	860,515	721,059
Stockholders' equity (deficit):
Common stock, $0.001 par value 100,000,000 authorized, 19,391,829, and 8,797,750 issued and outstanding, respectively:	19,392	8,798
Additional paid-in capital	1,343,273	225,717
Accumulated deficit	(763,825)	(640,668)
Total stockholders' equity (deficit)	598,841	(406,153)
Total liabilities and stockholders' equity (deficit)	$ 1,459,356	$ 314,906

BALANCE SHEETS (Parenthetical) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
BALANCE SHEETS
Fixed assets, Depreciation	$ 41,455	$ 39,089
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	19,391,829	8,797,750
Common stock, shares outstanding	19,391,829	8,797,750
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
STATEMENTS OF OPERATIONS (Unaudited)
Revenue	$ 690	$ 10,171	$ 2,298	$ 20,645
Cost of goods	212	4,075	432	18,055
Gross Margin	478	6,096	1,866	2,590
Operating expenses:
General and administrative expense	7,596	5,448	10,816	10,031
Professional Fees	42,642	0	65,642	0
Depreciation and amortization	805	143	1,610	2,040
Total operating expenses	51,043	5,591	(78,067)	12,071
Income (loss) from operations	(50,565)	505	(76,201)	(9,481)
Other income (expense):
Other income	3,001	3,085	6,401	6,085
Loss on accounts payable	(22,575)	0	(22,575)	0
Interest expense	(17,124)	(12,304)	(30,781)	(24,608)
Total other income (expense)	(36,698)	(9,219)	(46,955)	(18,523)
Net income (loss)	$ (87,263)	$ (8,714)	$ (123,156)	$ (28,004)
Net income (loss) per share, basic and diluted	$ (0.01)	$ (0.00)	$ (0.01)	$ (0.00)
Weighted average number of shares outstanding, basic and diluted	8,914,168	8,057,750	8,855,959	8,057,750

STATEMENTS OF STOCKHOLDERS DEFICIT (Unaudited) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)
Balance, shares at Dec. 31, 2021		8,057,500
Balance, amount at Dec. 31, 2021	$ (358,883)	$ 8,058	$ 222,757	$ (589,698)
Net loss	(19,290)	$ 0	0	(19,290)
Balance, shares at Mar. 31, 2022		8,057,500
Balance, amount at Mar. 31, 2022	(378,173)	$ 8,058	222,757	(608,988)
Balance, shares at Dec. 31, 2021		8,057,500
Balance, amount at Dec. 31, 2021	(358,883)	$ 8,058	222,757	(589,698)
Net loss	(28,004)
Balance, shares at Jun. 30, 2022		8,057,500
Balance, amount at Jun. 30, 2022	(386,887)	$ 8,057	227,757	(617,702)
Balance, shares at Mar. 31, 2022		8,057,500
Balance, amount at Mar. 31, 2022	(378,173)	$ 8,058	222,757	(608,988)
Net loss	(8,714)	$ 0	0	(8,714)
Balance, shares at Jun. 30, 2022		8,057,500
Balance, amount at Jun. 30, 2022	(386,887)	$ 8,057	227,757	(617,702)
Balance, shares at Dec. 31, 2022		8,797,750
Balance, amount at Dec. 31, 2022	(406,153)	$ 8,798	225,717	(640,668)
Net loss	(35,895)	$ 0	0	(35,895)
Balance, shares at Mar. 31, 2023		8,797,750
Balance, amount at Mar. 31, 2023	(442,047)	$ 8,798	225,717	(676,563)
Balance, shares at Dec. 31, 2022		8,797,750
Balance, amount at Dec. 31, 2022	(406,153)	$ 8,798	225,717	(640,668)
Net loss	(123,156)
Balance, shares at Jun. 30, 2023		19,391,829
Balance, amount at Jun. 30, 2023	598,841	$ 19,392	1,343,273	(763,825)
Balance, shares at Mar. 31, 2023		8,797,750
Balance, amount at Mar. 31, 2023	(442,047)	$ 8,798	225,717	(676,563)
Net loss	(87,263)	$ 0	0	(87,263)
Common stock issued for acquisition, shares		10,000,000
Common stock issued for acquisition, amount	1,083,000	$ 10,000	1,073,000	0
Common stock issued for AP, shares		594,079
Common stock issued for AP, amount	45,150	$ 594	44,556	0
Balance, shares at Jun. 30, 2023		19,391,829
Balance, amount at Jun. 30, 2023	$ 598,841	$ 19,392	$ 1,343,273	$ (763,825)

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net (loss)	$ (123,156)	$ (28,004)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,610	2,040
Prior year adjustment	766	0
Shares issuance against notes payable	45,150
Changes in operating assets and liabilities:
Accounts receivables	(6,000)	(6,000)
Note receivable	(50,000)
Prepaid	(4,750)	0
Accounts payable and accrued expenses	30,781	16,217
Net cash used in operating activities	(105,599)	(15,747)
Cash flows from investing activities
Investment	0	0
Net cash used in investing activities	0	0
Cash flows from financing activities:
Bank overdraft	0	(18)
Repayment of notes	(55,000)	0
Proceeds from convertible notes	163,675	15,929
Net cash provided by financing activities	108,675	15,911
Net increase (decrease) in cash	3,076	164
Cash and cash equivalents - beginning of year	227	0
Cash and cash equivalents - end of period	3,303	164
SUPPLEMENT DISCLOSURES:
Interest paid	0	0
Income taxes paid	0	0
NON CASH TRANSACTIONS
Common stock issued for assets	991,730	0
Common stock issued for goodwill	91,270	0
Common stock issued for accounts payable	$ 45,150	$ 0

NATURE OF BUSINESS

6 Months Ended

Jun. 30, 2023

NATURE OF BUSINESS

NATURE OF BUSINESS

NOTE 1 - NATURE OF BUSINESS

The Company authorized 125,000,000 shares consisting of 100,000,000 of common stock with a par value of $0.001 per share and 25,000,000 shares of preferred stock with a par value of $0.001 per share.

On April 24, 2012, the Company filed a Certificate of Amendment amending the Articles of Incorporation changing the name of the Corporation to Jaycor Resources, Inc.

On September 12, 2016, the Company filed a Certificate of Amendment amending the Articles of Incorporation changing the name of the Corporation to Evil Empire Designs, Inc.

SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Jun. 30, 2023

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

Use of Estimates

Cash and Cash Equivalents

Accounts receivable

Inventory

Inventories are stated at the lower or cost of market using the first-in; first-out (FIFO) cost method of accounting. The inventory consists of raw materials used to make various products for sale.

Revenue recognition

Property and Equipment

Impairment of long-lived assets

Income Taxes

The Company classifies penalties and interest related to unrecognized tax benefits as income tax expense in the Statements of Operations.

Basic and diluted net loss per share

Fair Value of Financial Instruments

Level 1 — Quoted market prices in active markets for identical assets or liabilities at the measurement date.

A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

Related Parties

Recent Accounting Pronouncements

GOING CONCERN

6 Months Ended

Jun. 30, 2023

GOING CONCERN

GOING CONCERN

NOTE 3 - GOING CONCERN

PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2023

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

NOTE 4 - PROPERTY AND EQUIPMENT

	June 30, 2023			December 31, 2022

Property and equipment	$	48,213		$	48,213
Less: accumulation depreciation		(41,458	)		(39,089	)
Net property and equipment		6,748			9,124

Depreciation expense totaled $1,610 and $3,364 for the six months periods ended June 30, 2023 and 2022, respectively

RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2023

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 5 - RELATED PARTY TRANSACTIONS

EQUITY

6 Months Ended

Jun. 30, 2023

EQUITY

EQUITY

NOTE 6 - EQUITY

CONVERTIBLE NOTES

6 Months Ended

Jun. 30, 2023

CONVERTIBLE NOTES

CONVERTIBLE NOTES

NOTE 7 - CONVERTIBLE NOTES

As of June 30, 2023 the Company had $539,100 of convertible debt plus accrued interest.

INVESTMENTS

6 Months Ended

Jun. 30, 2023

INVESTMENTS

INVESTMENTS

NOTE 8 - INVESTMENTS

ACQUISITION OF ASSETS

6 Months Ended

Jun. 30, 2023

ACQUISITION OF ASSETS

ACQUISITION OF ASSETS

NOTE 9 – ACQUISITION OF ASSETS

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2023

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 10 - SUBSEQUENT EVENTS

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 2023
SIGNIFICANT ACCOUNTING POLICIES
Basis of presentation	These financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for financial information and reflect all adjustments which, in the opinion of management, are necessary for a fair presentation. The unaudited interim financial statements of the Company for the three and six months ended June 30, 2023 and 2022 have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position and the results of operations for the interim periods presented herein. The results of operations for the interim periods are not necessarily indicative of the results to be expected for any subsequent quarters or for an entire year.
Use of Estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the balance sheet. Actual results could differ from those estimates.
Fair Value of Financial Instruments	The Company’s financial instruments consist of cash and cash equivalents, accounts payable and accrued expenses and shareholder loans. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these financial statements. Financial assets and liabilities recorded at fair value in our condensed consolidated balance sheets are categorized based upon a fair value hierarchy established by GAAP, which prioritizes the inputs used to measure fair value into the following levels: Level 1 — Quoted market prices in active markets for identical assets or liabilities at the measurement date. Level 2 — Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable and can be corroborated by observable market data. Level 3 — Inputs reflecting management’s best estimates and assumptions of what market participants would use in pricing assets or liabilities at the measurement date. The inputs are unobservable in the market and significant to the valuation of the instruments. A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.
Related Parties	A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.
Recent Accounting Pronouncements	Because the Company has been recently reorganized and has not yet transacted any business, the new accounting standards have no significant impact on the financial statements and related disclosures. As new accounting pronouncements are issued, the Company will adopt those that are applicable under the circumstances.
Cash and Cash Equivalents	The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. As of June 30, 2023 the Company did not have any cash equivalents.
Account Receivable	Accounts receivable are carried at face value less any provisions for uncollectible accounts considered necessary. Accounts receivable include receivables from customers that have received their product order. Bad debt expense is a recognition of uncollectable receivables based on past years’ experience and management’s estimate of likely losses for the year. No allowance for bad debt was considered necessary as of June 30, 2023 and 2022 respectively due to no receivables listed.
Inventory	Inventories are stated at the lower or cost of market using the first-in; first-out (FIFO) cost method of accounting. The inventory consists of raw materials used to make various products for sale.
Revenue recognition	Revenue is recognized when control of the promised goods or services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services.
Property and Equipment	Property and equipment is recorded at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the expected useful life of the asset (3 to 5 years), beginning when the asset is available and ready for use. Expenditures associated with upgrades and enhancements that improve, add functionality, or otherwise extend the life of property and equipment are capitalized, while expenditures that do not, such as repairs and maintenance, are expensed as incurred. For the three and six months ended June 30, 2023 and depreciation and amortization expense totaled $805 and $1,610.
Impairment of long-lived assets	The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical-cost carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the asset by comparing the undiscounted future net cash flows expected to result from the asset to its carrying value. If the carrying value exceeds the undiscounted future net cash flows of the asset, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived asset. Fair value is estimated based upon either discounted cash flow analysis or estimated salvage value. As of June 30, 2023 no impairment losses have been recognized.
Income Taxes	Deferred tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. A valuation allowance is established when necessary to reduce deferred tax assets to the amounts expected to be realized. The Company accounts for income taxes under the provisions of Financial Accounting Standards Board) Accounting Standards Codification 740, Accounting for Income Taxes. It prescribes a recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. As a result, the Company has applied a more-likely-than-not recognition threshold for all tax uncertainties. The guidance only allows the recognition of those tax benefits that have a greater than 50% likelihood of being sustained upon examination by the various taxing authorities. The Company classifies penalties and interest related to unrecognized tax benefits as income tax expense in the Statements of Operations.
Basic and diluted net loss per share	Basic and diluted net loss per share calculations are calculated on the basis of the weighted average number of common shares outstanding during the year. Diluted loss per share calculations includes the dilutive effect of common stock. Basic and diluted net loss per share is the same due to the absence of common stock equivalents.

PROPERTY AND EQUIPMENT (Tables)

6 Months Ended

Jun. 30, 2023

PROPERTY AND EQUIPMENT

Schedule of property and equipment

	June 30, 2023			December 31, 2022

Property and equipment	$	48,213		$	48,213
Less: accumulation depreciation		(41,458	)		(39,089	)
Net property and equipment		6,748			9,124

NATURE OF BUSINESS (Details Narrative) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
NATURE OF BUSINESS
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares par value	$ 0.001	$ 0.001
Total shares authorized	125,000,000
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares par value	$ 0.001	$ 0.001

SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Estimated useful life			3 years
Depreciation and amortization	$ 805	$ 143	$ 1,610	$ 2,040
Maximum [Member] \| Property and Equipment [Member]
Estimated useful life			5 years
Common Stock
Estimated useful life			3 years

GOING CONCERN (Details Narrative) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
GOING CONCERN
Accumulated deficit	$ (763,825)	$ (640,668)

PROPERTY AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
PROPERTY AND EQUIPMENT
Property and equipment	$ 48,213	$ 48,213
Less: accumulation depreciation	(41,458)	(39,089)
Net property and equipment	$ 6,748	$ 9,124

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	6 Months Ended
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	Jun. 30, 2023	Jun. 30, 2022
PROPERTY AND EQUIPMENT
Asset acquired value	$ 48,212
Depreciation expense	$ 1,610	$ 3,364
Estimated useful life	3 years

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
RELATED PARTY TRANSACTIONS
Accrued interest paid to related party	$ 3,000	$ 1,850
Consultancy charges paid to related party	$ 9,450	$ 0

EQUITY (Details Narrative)	6 Months Ended
EQUITY (Details Narrative)	Jun. 30, 2023 USD ($) shares
Common stock issued for convertible debt, shares \| shares	594,079
Common stock issued for cash, amount	$ 45,150
Individuals [Member] \| Transaction 1 [Member]
Common stock issued for convertible debt, shares \| shares	10,000,000
Common stock issued for cash, amount	$ 1,083,000
Accounts payable	$ 22,575

CONVERTIBLE NOTES (Details Narrative) - USD ($)	6 Months Ended
CONVERTIBLE NOTES (Details Narrative) - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Proceeds from convertible notes	$ 163,675	$ 15,929
Convertible Debt	539,100
0985358 BC Ltd [Member]
Proceeds from convertible notes	$ 22,000
Debt Instrument, Interest Rate, Stated Percentage	10.00%
Debt Instrument, Convertible, Conversion Price	$ 0.005
Black Ridge Holdings
Proceeds from convertible notes	$ 141,675
Debt Instrument, Interest Rate, Stated Percentage	10.00%
Debt Instrument, Convertible, Conversion Price	$ 0.005

INVESTMENTS (Details Narrative) - USD ($)	3 Months Ended
INVESTMENTS (Details Narrative) - USD ($)	Mar. 31, 2022	Jun. 30, 2023	Dec. 31, 2022	Dec. 12, 2019
Note receivable-TOL		$ 100,000	$ 100,000
TOL [Member]
Note receivable-TOL		100,000
Interest Rate	13.00%
Top of the Line Design, LLC [Member]
Total Amount		182,500
Business Acquisition, Purchase Price, Payable				$ 250,000
Working Capital				$ 350,000
Deposit		40,000
Additional deposit		$ 142,500

ACQUISITION OF ASSETS (Details Narrative)	6 Months Ended
ACQUISITION OF ASSETS (Details Narrative)	Jun. 30, 2023 USD ($) shares
Common stock issued for convertible debt \| shares	10,000,000
Trendmark Industries, Inc., a Wisconsin corporation [Member]
Common stock issued in consideration \| shares	10,000,000
Interest Rate	51.50%
Acquisition of inventory \| $	$ 991,730
Acquisition of intangible assets \| $	$ 91,270

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