CLNV Clean Vision Corporation (QB)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

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

 

For the quarterly period ended SEPTEMBER 30, 2024

 

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

 

For the transition period from _______ to _______

 

Commission File Number: 024-11501

 

 

 

CLEAN VISION CORPORATION

(Exact name of registrant as specified in its charter)

 

Nevada		85-1449444
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)

 

2711 N. Sepulveda Blvd. #1051 Manhattan Beach, CA		90266
(Address of principal executive offices)		(Zip Code)

 

(424) 835-1845

(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
N/A		N/A		N/A

 

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

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to 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, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

  

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

 

Emerging growth company

☒

 

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

 

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

 

As of November 18, 2024, there were 807,923,773 shares of the issuer’s common stock issued and outstanding.

 

 

   

CLEAN VISION CORPORATION

 

FORM 10-Q

 

For the Quarterly Period Ended September 30, 2024

 

INDEX

 

PART I	Financial Information
Item 1.	Financial Statements (unaudited)	1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	24
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	29
Item 4.	Controls and Procedures	29
PART II	Other Information
Item 1.	Legal Proceedings	30
Item 1A.	Risk Factors	31
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	31
Item 3.	Defaults Upon Senior Securities	31
Item 4.	Mine Safety Disclosures	31
Item 5.	Other Information	31
Item 6.	Exhibits	31
Signatures		32

 

 

 

  

PART I - FINANCIAL INFORMATION

 

Item 1. Financial Statements

 

INDEX TO FINANCIAL STATEMENTS

 

Consolidated Balance Sheets as of September 30, 2024 (unaudited) and December 31, 2023	F-2
Consolidated Statements of Operations and Comprehensive Loss for the Three and Nine Months Ended September 30, 2024 and 2023 (unaudited)	F-3
Consolidated Statements of Changes in Stockholders’ Equity (Deficit) for the Three and Nine Months Ended September 30, 2024, and 2023 (unaudited)	F-4
Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024, and 2023 (unaudited)	F-6
Notes to the Consolidated Financial Statements (unaudited)	F-7

 

CLEAN VISION CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

 

		September 30, 2024				December 31, 2023
ASSETS			(Unaudited)				(Audited)
Current Assets:
Cash		$	4,180			$	339,921
Prepaids and other assets			418,322				366,812
Accounts receivable			8,152				70,745
Loan receivable			70,000				70,000
Trading securities			5,263				5,069
Total Current Assets			505,917				852,547
Property and equipment			4,928,359				4,883,566
Goodwill			4,854,622				4,854,622
Total Assets		$	10,288,898			$	10,590,735
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current Liabilities:
Cash overdraft		$	410,489			$	353,159
Accounts payable			1,412,696				758,038
Accrued compensation			746,514				344,015
Accrued expenses			782,924				546,392
Convertible note payable, net of discount of $782,889 and $1,701,403, respectively			4,432,594				2,779,199
Derivative liability			251,721				598,306
Loans payable			822,808				780,656
Related party payables			760,059				549,946
Loans payables – related party			4,500,000				4,500,000
Liabilities of discontinued operations			67,093				67,093
Total current liabilities			14,186,898				11,276,804
Economic incentive (Note 12)			1,750,000				1,750,000
Total Liabilities			15,936,898				13,026,804
Commitments and contingencies			—				—
Mezzanine Equity:
Series B Preferred stock, $0.001 par value, 2,000,000 shares authorized; 0 and 2,000,000 shares issued and outstanding, respectively			—				1,800,000
Total mezzanine equity			—				1,800,000
Stockholders' Deficit:
Preferred stock, $0.001 par value, 4,000,000 shares authorized; no shares issued and outstanding			—				—
Series A Preferred stock, $0.001 par value, 2,000,000 shares authorized; no shares issued and outstanding			—				—
Series C Preferred stock, $0.001 par value, 2,000,000 shares authorized; 2,000,000 shares issued and outstanding			2,000				2,000
Common stock, $0.001 par value, 2,000,000,000 shares authorized, 798,511,454 and 682,463,425 shares issued and outstanding, respectively			798,512				682,464
Common stock to be issued			298,000				217,775
Additional paid-in capital			32,324,443				28,238,505
Accumulated other comprehensive loss			13,306				2,171
Accumulated deficit			(40,370,138	)			(34,831,900	)
Non-controlling interest			1,285,877				1,452,916
Total stockholders' deficit			(5,648,000	)			(4,236,069	)
Total liabilities and stockholders' deficit		$	10,288,898			$	10,590,735

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

 

  

CLEAN VISION CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(Unaudited)

 

		For the Three Months Ended September 30,								For the Nine Months Ended September 30,
		2024				2023				2024				2023
Revenue		$	34,799			$	26,908			$	107,946			$	188,205
Cost of revenue			2,149				(11,589	)			11,264				22,273
Gross margin			32,650				38,497				96,682				165,932
Operating Expenses:
Consulting			230,819				389,925				837,764				1,084,423
Advertising and promotion			30,109				—				90,825				—
Development expense			172,523				—				221,896				—
Professional fees			36,399				79,527				359,049				621,087
Payroll expense			337,378				217,806				967,816				750,070
Director fees			23,500				13,500				65,492				101,500
General and administration expenses			127,125				401,845				789,589				1,162,648
Total operating expense			957,853				1,102,603				3,332,431				3,719,728
Loss from Operations			(925,203	)			(1,064,106	)			(3,235,749	)			(3,553,796	)
Other income (expense):
Interest expense			(604,056	)			(1,590,647	)			(2,970,618	)			(3,299,800	)
Change in fair value of derivative			114,413				1,038,342				825,903				2,174,421
Loss on debt issuance			—				—				(357,140	)			(2,676,526	)
Gain on conversion of debt			35,698				620,778				35,698				881,660
Gain on extinguishment of debt			—				—				216,430				17,500
Penalty expense on convertible debt			(219,801	)			—				(219,801	)			—
Total other income (expense)			(673,746	)			68,473				(2,469,528	)			(2,902,745	)
Net loss before provision for income tax			(1,598,949	)			(995,633	)			(5,705,277	)			(6,456,541	)
Provision for income tax expense			—				—				—				—
Net loss		$	(1,598,949	)		$	(995,633	)		$	(5,705,277	)		$	(6,456,541	)
Net income (loss) attributed to non-controlling interest			46,240				(51,697	)			167,039				(18,403	)
Net loss attributed to Clean Vision Corporation			(1,552,709	)			(1,047,330	)			(5,538,238	)			(6,474,944	)
Other comprehensive income:
Foreign currency translation adjustment			13,529				(16,404	)			11,135				(33,462	)
Comprehensive loss		$	(1,539,180	)		$	(1,063,734	)		$	(5,527,103	)		$	(6,508,406	)
Loss per share - basic and diluted		$	(0.00	)		$	(0.00	)		$	(0.01	)		$	(0.01	)
Weighted average shares outstanding - basic and diluted			746,302,675				495,274,326				712,831,938				466,596,880

 

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

 

CLEAN VISION CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

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

(Unaudited) 

 

		Series A Preferred Stock								Series C Preferred Stock								Common Stock								Additional paid				Common Stock To be				Accumulated Other Comprehensive				Minority				Accumulated				Total Stockholders'
		Shares				Amount				Shares				Amount				Shares				Amount				In Capital				Issued				Loss				Interest				Deficit				Deficit
Balance, December 31, 2023 (Restated)			—			$	—				2,000,000			$	2,000				682,463,425			$	682,464			$	28,238,505			$	217,775			$	2,171			$	1,452,916			$	(34,831,900	)		$	(4,236,069	)
Stock issued for services			—				—				—				—				455,840				456				15,544				261,772				—				—				—				277,772
Stock issued for debt commitments			—				—				—				—				5,600,000				5,600				196,560				—				—				—				—				202,160
Stock issued for cash			—				—				—				—				5,000,000				5,000				95,000				—				—				—				—				100,000
Stock issued for warrant exercise			—				—				—				—				2,181,818				2,182				(2,182	)			—				—				—				—				—
Debt issuance cost – warrants issued			—				—				—				—				—				—				575,690				—				—				—				—				575,690
Net loss			—				—				—				—				—				—				—				—				(2,168	)			(39,928	)			(2,161,032	)			(2,203,128	)
Balance, March 31, 2024			—				—				2,000,000				2,000				695,701,083				695,702				29,119,117				479,547				3				1,412,988				(36,992,932	)			(5,283,575	)
Stock issued for services			—				—				—				—				10,000,000				10,000				206,000				—				—				—				—				216,000
Stock issued for debt commitments			—				—				—				—				435,012				435				19,340				(11,775	)			—				—				—				8,000
Stock issued for conversion of debt			—				—				—				—				9,520,088				9,520				109,286				—				—				—				—				118,806
Cancellation of mezzanine equity			—				—				—				—				—				—				1,800,000				—				—				—				—				1,800,000
Net loss			—				—				—				—				—				—				—				—				(226	)			(80,871	)			(1,824,497	)			(1,824,497	)
Balance, June 30, 2024			—				—				2,000,000				2,000				715,656,183			$	715,657			$	31,253,743			$	467,772				(223	)		$	1,332,117			$	(38,817,429	)			(5,046,363	)
Stock issued for services			—				—				—				—				9,010,370				9,010				260,762				(269,772	)			—				—				—				—
Stock issued for conversion of debt			—				—				—				—				73,844,901				73,845				809,938				—				—				—				—				883,783
Stock sold from cash																															100,000																100,000
Net loss			—				—				—				—				—				—				—				—				13,529				(46,240	)			(1,552,709	)			(1,585,420	)
Balance, September 30, 2024			—			$	—				2,000,000			$	2,000				798,511,454			$	798,512			$	32,324,443			$	298,000			$	13,306			$	1,285,877			$	(40,370,138	)		$	(5,648,000	)

		Series A Preferred Stock								Series C Preferred Stock								Common Stock								Additional paid				Common Stock to be				Accumulated Other Comprehensive				Accumulated				Minority				Total Stockholders'
		Shares				Amount				Shares				Amount				Shares				Amount				In Capital				Issued				Loss				Deficit				Interest				Deficit
Balance, December 31, 2022			—			$	—				2,000,000			$	2,000				402,196,273			$	402,197			$	15,203,394			$	76,911			$	16,670			$	(19,078,809	)		$	—			$	(3,377,637	)
Stock dividend			—				—				—				—				21,816,590				21,817				1,461,711				—				—				(1,483,528	)			—				—
Stock issued for services – related party			—				—				—				—				500,000				500				60,500				—				—				—				—				61,000
Stock issued for services			—				—				—				—				4,950,000				4,950				350,425				39,334				—				—				—				394,709
Stock issued for cash			—				—				—				—				16,750,000				16,750				318,250				—				—				—				—				335,000
Stock issued for debt conversion			—				—				—				—				19,286,137				19,286				366,437				—				—				—				—				385,723
Debt issuance cost – warrants issued			—				—				—				—				—				—				1,321,698				—				—				—				—				1,321,698
Shares cancelled			—				—				—				—				(3,000,000	)			(3,000	)			3,000				—				—				—				—				—
Net loss			—				—				—				—				—				—				—				—				(1,541	)			(2,701,002	)			—				(2,702,543	)
Balance, March 31, 2023			—				—				2,000,000				2,000				462,499,000				462,500				19,085,415				116,245				15,129				(23,263,339	)			—				(3,582,050	)
Adjust stock dividend shares			—				—				—				—				(16	)			—				—				—				—				—				—				—
Stock issued for services			—				—				—				—				500,000				500				31,900				(27,474	)			—				—				—				4,926
Stock issued for debt conversion			—				—				—				—				25,450,000				25,450				949,650				—				—				—				—				975,100
Debt issuance cost – warrants issued			—				—				—				—				—				—				1,348,364				—				—				—				—				1,348,364
Settlement of debt-related party			—				—				—				—				—				—				96,250				—				—				—				—				96,250
Net loss			—				—				—				—				—				—				—				—				(15,517	)			(2,759,906	)			(33,294	)			(2,808,717	)
Balance, June 30, 2023			—				—				2,000,000				2,000				488,448,984				488,450				21,571,369				88,771				(388	)			(26,023,245	)			(33,294	)			(3,906,337	)
Stock sold for cash			—				—				—				—				—				—				—				198,000				—				—				—				198,000
Stock issued for services			—				—				—				—				32,930,000				32,930				561,134				15,781				—				—				—				609,845
Stock issued for debt conversion			—				—				—				—				77,725,000				77,725				1,362,775				—				—				—				—				1,440,500
Shares issued for settlement			—				—				—				—				4,500,000				4,500				(4,500	)			—				—				—				—				—
Net loss			—				—				—				—				—				—				—				—				(16,404	)			(995,633	)			51,697				(960,340	)
Balance, September 30, 2023			—			$	—				2,000,000			$	2,000				603,603,984			$	603,605			$	23,490,778			$	302,552			$	(16,792	)		$	(27,018,878	)		$	18,403			$	(2,618,332	)

 

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

 

CLEAN VISION CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited) 

		For the Nine Months Ended September 30,
		2024				2023
Cash Flows from Operating Activities:
Net loss		$	(5,705,277	)		$	(6,456,541	)
Adjustments to reconcile net loss to net cash used by operating activities:
Stock issued for services			285,772				1,009,480
Stock issued for services – related party			—				61,000
Debt discount amortization			2,637,053				2,953,540
Loss on issuance of debt			357,140				2,676,526
Change in fair value of derivative			(825,903	)			(2,174,421	)
Gain on conversion of debt			(35,698	)			(881,660	)
Gain on extinguishment of debt			(216,430	)			(17,500	)
Penalty expense on convertible debt			219,801
Depreciation expense			133,685				—
Changes in operating assets and liabilities:
Prepaids and other assets			(51,704	)			(230,754	)
Accounts receivable			62,593				(160,736	)
Accounts payable			654,658				(152,808	)
Accruals			339,603				164,385
Related-party payables - short-term			210,113				—
Accrued compensation			422,499				(202,619	)
Net cash used by operating activities			(1,512,095	)			(3,412,108	)
Cash Flows from Investing Activities:
Prepaid for acquisition			—				(2,000,000	)
Purchase of property and equipment			(178,478	)			—
Net cash used by investing activities			(178,478	)			(2,000,000	)
Cash Flows from Financing Activities:
Cash overdraft acquired in acquisition			—				(11,093	)
Cash Overdraft			57,330				—
Proceeds from convertible notes payable			1,358,500				4,809,500
Payments - convertible notes payable			(314,285	)			(270,000	)
Proceeds from the sale of common stock			200,000				533,000
Proceeds from notes payable - related party			—				5,000
Repayment of related party loans			—				(32,910	)
Proceeds from notes payable			42,152				42,500
Proceeds from long term note payable			—				1,750,000
Payments - notes payable			—				(72,780	)
Net cash provided by financing activities			1,343,697				6,753,217
Net change in cash			(346,876	)			1,341,109
Effects of currency translation			11,135				(33,462	)
Cash at beginning of period			339,921				10,777
Cash at end of period		$	4,180				1,318,424
Supplemental schedule of cash flow information:
Interest paid		$	—			$	—
Income taxes		$	—			$	—
Supplemental non-cash disclosure:
Common stock issued for conversion of debt		$	709,133			$	2,538,174
Warrants issued with notes payable		$	575,690			$	—
Cancellation of Series B preferred stock		$	1,800,000			$	—
Stock issued for debt commitments		$	418,160			$	—
Note payable issued for acquisition		$	—			$	4,500,000

 

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

              

CLEAN VISION CORPORATION AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

September 30, 2024

 

NOTE 1 — ORGANIZATION AND NATURE OF BUSINESS

 

Clean Vision Corporation (“Clean Vision,” “we,” “us,” or the “Company”) is a new entrant in the clean energy and waste-to-energy industries focused on clean technology and sustainability opportunities.  Currently, we are focused on providing a solution to the plastic and tire waste problem by recycling the waste and converting it into saleable byproducts, such as hydrogen and other clean-burning fuels that can be used to generate clean energy. Using a technology known as pyrolysis, which heats the feedstock (i.e., plastic) at high temperatures in the absence of oxygen so that the material does not burn, we are able to turn the feedstock into (i) low sulfur fuel, (ii) clean hydrogen and (iii) carbon black or char (char is created when plastic is used as feedstock). Our goal is to generate revenue from three sources: (i) service revenue from the recycling services we provide (ii) revenue generated from the sale of the byproducts; and (iii) revenue generated from the sale of fuel cell equipment.  Our mission is to aid in solving the problem of cost-effectively upcycling the vast amount of waste plastic generated on land before it flows into the world’s oceans.

 

All operations are currently being conducted through Clean-Seas, a wholly-owned subsidiary. Clean-Seas acquired its first pyrolysis unit in November 2021 for use in a pilot project in India, which began operations in early May 2022. On April 23, 2023, Clean-Seas completed its acquisition of a fifty-one percent (51%) interest in Ecosynergie, which changed its name to Clean-Seas Morocco, LLC. Clean-Seas Morocco began operations at its pyrolysis facility in Agadir, Morocco, in April 2023, which currently has capacity to convert 20 TPD of waste plastic through pyrolysis.

 

We believe that our current projects will showcase our ability to pyrolyze waste plastic (using pyrolysis), which will generate three byproducts: (i) low sulfur fuel, (ii) clean hydrogen, AquaH^tm, and (iii) char. We intend to sell the majority of the byproducts, while retaining a small amount of the low sulfur fuels and/or hydrogen to power our facilities and equipment. To date, our operations in India have not generated any revenue.

 

Clean-Seas India Private Limited was incorporated on November 17, 2021, as a wholly owned subsidiary of Clean-Seas.

 

Clean-Seas, Abu Dhabi PVT. LTD was incorporated in Abu Dhabi on December 9, 2021, as a wholly owned subsidiary of the Company. On January 19, 2022, the Company changed the name of its wholly owned subsidiary, Clean-Seas, Abu Dhabi PVT. LTD, to Clean-Seas Group. As of July 4, 2022, the Clean-Seas Group had ceased operations.

 

Endless Energy, Inc. (“Endless Energy”) was incorporated in Nevada on December 10, 2021, as a wholly owned subsidiary of the Company. EndlessEnergy was incorporated for the purpose of investing in wind and solar energy projects but does not currently have any operations.

 

EcoCell, Inc. ("EcoCell”) was incorporated on March 4, 2022, as a wholly owned subsidiary of the Company. EcoCell does not currently have any operations, but we intend to use EcoCell for the purpose of licensing fuel cell patented technology.

 

Clean-Seas Arizona, Inc. (“Clean-Seas Arizona”) was incorporated in Arizona on September 19, 2022, as a wholly owned subsidiary of Clean-Seas. Pursuant to that certain Memorandum of Understanding signed on November 4, 2022, Arizona State University (ASU) and the Rob and Melani Walton Sustainability Solution Services (WS3), the parties intend for Clean-Seas Arizona to establish a plastic feedstock to clean hydrogen conversion facility to be located in Phoenix, Arizona. In furtherance of these goals, and pursuant to a Services Agreement (the “Arizona Services Agreement”) signed on June 12, 2023, with ASU and WS3, this facility is currently intended to source and convert plastic feedstock from the Phoenix area and import plastic from California. Pursuant to the Arizona Services Agreement, the Arizona facility is expected to begin processing plastic feedstock in Q4 2024, now expected in Q4 2025, at 100 TPD and scale up to a maximum of 500 TPD at full capacity. Additionally, we are exploring plans for this facility to be powered by renewable energy, which, if successful, would become the first completely off grid pyrolysis conversion facility in the world.

  

Clean-Seas West Virginia, formed on April 1, 2023, is our first PCN facility slated for the United States and is currently expected to be operational in the third quarter of 2025. This facility will be located in the city of Belle, outside of Charleston, the capital of West Virginia, and is expected to begin operations converting 50 TPD of plastic feedstock. The Company expects to expand to greater than 500 TPD within three years of beginning operations. Clean-Seas has engaged MacVallee, LLC (“MacVallee”) to secure mixed plastic feedstock from material recovery facilities and industrial suppliers.

 F-5

 

  

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation

 

The Company’s unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company as of and for the nine month period ending September 30, 2024 and not necessarily indicative of the results to be expected for the full year ending December 31, 2024. These unaudited consolidated financial statements should be read in conjunction with the financial statements and related notes included in the Company’s financial statements for the year ended December 31, 2023.

 

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 financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.

 

Concentrations of Credit Risk

 

We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. At times, such deposits may be in excess of the Federal Deposit Insurance Corporation insurable amount (“FDIC”).  As of September 30, 2024, the Company had no cash in excess of the FDIC’s $250,000 coverage limit.

 

Cash Equivalents

 

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

 

Principles of Consolidation

 

The accompanying unaudited consolidated financial statements for the period ended September 30, 2024, include the accounts of the Company and its wholly owned subsidiaries, Clean-Seas, Inc., Clean-Seas India Private Limited, Clean-Seas Group, Endless Energy, Inc., EcoCell, Inc., Clean-Seas Arizona, Inc., Clean-Seas West Virginia, and our 51% owned subsidiary, Clean-Seas Morocco, LLC. As of September 30, 2024, there was no activity in Clean-Seas Group, Endless Energy or Clean-Seas Arizona. All intercompany transactions are eliminated in consolidation.

 

Translation Adjustment

 

The accounts of the Company’s subsidiary Clean-Seas India are maintained in Rupees and the accounts of Clean-Seas Morocco in Moroccan dirham. In accordance with the Codification, all assets and liabilities were translated at the current exchange rate at respective balance sheets dates, members’ capital are translated at the historical rates and income statement items are translated at the average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income in accordance with the Comprehensive Income Topic of the Codification (ASC 220), as a component of members’ capital. Transaction gains and losses are reflected in the income statement.

 

 F-6

 

Comprehensive Income

The Company uses SFAS 130 “Reporting Comprehensive Income” (ASC Topic 220).  Comprehensive income is comprised of net income and all changes to the statements of members’ capital, except those due to investments by members, changes in paid-in capital and distributions to members.

 

Basic and Diluted Earnings Per Share

 

Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification.  Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.  Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. As of September 30, 2024, there are warrants to purchase up to 296,138,059 shares of common stock and approximately 186,597,000 dilutive shares of common stock from convertible notes payable. As of September 30, 2023, there are warrants to purchase up to 116,944,802 shares of common stock and approximately 158,000,000 dilutive shares of common stock from a convertible note payable. As of September 30, 2024 and 2023, there are 20,000,000 and 20,000,000 potentially dilutive shares of common stock, respectively, if the Series C preferred stock were to be converted. As of September 30, 2024 and 2023, the Company’s diluted loss per share is the same as the basic loss per share, as the inclusion of any potential shares would have had an anti-dilutive effect due to the Company generating a loss.

 

Stock-Based Compensation

 

In June 2018, the FASB issued ASU 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. ASU 2018-07 allows companies to account for nonemployee awards in the same manner as employee awards. The guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those annual periods. We adopted this ASU on January 1, 2019.

 

Goodwill

 

The Company accounts for business combinations under the acquisition method of accounting in accordance with Accounting Standards Codification (“ASC”) 805, Business Combinations, where the total purchase price is allocated to the tangible and identified intangible assets acquired and liabilities assumed based on their estimated fair values. The purchase price is allocated using the information currently available, and may be adjusted, up to one year from acquisition date, after obtaining more information regarding, among other things, asset valuations, liabilities assumed and revisions to preliminary estimates. The purchase price in excess of the fair value of the tangible and identified intangible assets acquired less liabilities assumed is recognized as goodwill.

 

In accordance with ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, the Company will test for indefinite-lived intangibles and goodwill impairment in the fourth quarter of each year and whenever events or circumstances indicate that the carrying amount of the asset exceeds its fair value and may not be recoverable.

 

Derivative Financial Instruments

 

The Company evaluates its convertible notes to determine if such instruments have derivatives or contain features that qualify as embedded derivatives. 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 uses a weighted-average Black-Scholes-Merton option pricing 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.

 

Fair Value of Financial Instruments

 

The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification(“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP) and expands disclosures about fair value measurements.  To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels.  The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:

 F-7

 

 

Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.

 

Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

 

Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data.

 

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

 

The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of:

September 30, 2024

Schedule of liabilities measured fair value on recurring basis
Description				Level 1				Level 2				Level 3
	Derivative			$	—			$	—			$	251,721
	Total			$	—			$	—			$	251,721

 

December 31, 2023

Description				Level 1				Level 2				Level 3
	Derivative			$	—			$	—			$	598,306
	Total			$	—			$	—			$	598,306

 

Revenue Recognition

 

The Company recognizes revenue under ASC 606, “Revenue from Contracts with Customers” (“ASC 606”). The Company determines revenue recognition through the following steps:

 

	●	Identification of a contract with a customer;
	●	Identification of the performance obligations in the contract;

 

	●	Determination of the transaction price;
	●	Allocation of the transaction price to the performance obligations in the contract; and
	●	Recognition of revenue when or as the performance obligations are satisfied.

 

Revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Shipping and handling activities associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment activity and recognized as revenue at the point in time at which control of the goods transfers to the customer. As a practical expedient, the Company does not adjust the transaction price for the effects of a significant financing component if, at contract inception, the period between customer payment and the transfer of goods or services is expected to be one year or less.

 F-8

 

 

Our business model is focused on generating revenue from the following sources:

 

(i) Service revenue from the recycling services we provide. We plan to establish plastic feedstock agreements with a number of feedstock suppliers for the delivery of plastic to our facilities. Much of this plastic is currently a cost center for such feedstock suppliers, who pay "tipping fees" to landfills or incinerators. We will accept this plastic feedstock at reduced price or for no tipping fees. In some cases, feedstock suppliers will also share in revenue on products produced from their feedstock.  This revenue will be realized and recognized upon receipt of feedstock at one of our facilities.

 

(ii) Revenue generated from the sale of commodities. We will produce commodities including, but not limited to, pyrolysis oil, fuel oil, lubricants, synthetic gas, hydrogen, and carbon char. We are in negotiation with chemical and oil companies for purchasing, or off-taking, fuels and oils we produce, and exploring applications for carbon char. This revenue will be recognized upon shipment of products from one of our facilities and in some cases off-takers may pre-pay for a contractual obligation to buy our commodities.

 

(iii) Revenue generated from the sale of environmental credits. Our products are eligible for numerous environmental credits, including but not limited to carbon credits, plastic credits, and biodiversity credits. These credits may be monetized directly on the relevant markets or may be realized as value-add to off-takers, who will pay a premium for eligible products. Revenue from these credits will be recognized upon sale of applicable environmental credits on recognized markets, and/or upon sale of commodities to off-takers when that off-take includes an environmental credit premium.

 

(iv) Revenue generated from royalties and/or the sale of equipment. We expect to develop or acquire intellectual property which could generate revenue through royalties and/or sales of manufactured equipment.  Revenue may be recognized upon the terms of a contracted sale agreement. 

 

For the period ended September 30, 2024, our operations in Morocco had generated approximately $108,000 in revenue. During the period, 93% of revenue was from one party. As of September 30, 2024, we did not generate revenue from any other sources.

Trade Accounts Receivable

 

Trade accounts receivable are amounts due from customers under normal trade terms. After assessing the creditworthiness of our customers and considering our historical experience, anticipated future operations, and prevailing economic conditions, we have determined that the application of the current expected credit loss (CECL) methodology would be immaterial to our financial statements. Consequently, no allowance for credit losses has been recorded as of the year-end. The absence of a recorded allowance for credit losses reflects our judgment that potential credit losses on outstanding receivables are negligible. As of September 30, 2024, approximately 72% of accounts receivable are due from one customer.

 

Inventory

 

Inventory consists of plastic bottles that are acquired at no cost and are held for use in our pyrolysis process, which converts these materials into pyrolysis oil, carbon char, and other commodities. In accordance with U.S. Generally Accepted Accounting Principles (GAAP), these bottles are recorded at the lower of cost or market. Since the acquisition cost of the bottles is zero, and there is no significant alternative market value attributable to these materials before conversion, the carrying value of this inventory is recorded at $0 on our consolidated balance sheets. 

 

The absence of a recorded cost for the plastic bottles does not reflect their importance to our production process or potential value of the end products. This accounting treatment is specific to the characteristics of the materials used and does not imply any underlying concerns about the viability or value of the final products produced through our pyrolysis process. 

 

Recently Issued Accounting Pronouncements

 

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

 

 F-9

 

 

NOTE 3 — GOING CONCERN

 

The accompanying unaudited 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. The Company has not yet established a source of revenue sufficient to cover its operating costs, had an accumulated deficit of $40,370,138 at September 30, 2024, and had a net loss of $5,705,277 for the nine months ended September 30, 2024. The Company’s ability to raise additional capital through the future issuances of common stock and/or debt financing is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. These conditions and the ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.

 

Management plans to continue to implement its business plan and to fund operations by raising additional capital through the issuance of debt and equity securities. The Company’s existence is dependent upon management's ability to implement its business plan and/or obtain additional funding. There can be no assurance that the Company’s financing efforts will result in profitable operations or the resolution of the Company's liquidity problems. Even if the Company is able to obtain additional financing, it may include undue restrictions on our operations in the case of debt or cause substantial dilution for our stockholders in the case of equity financing.

 

NOTE 4 — BUSINESS COMBINATIONS

 

On April 23, 2023 (the “Morocco Closing Date”), Clean-Seas, a wholly owned subsidiary of the Company, completed its acquisition of a fifty-one percent (51%) interest (the “Morocco Acquisition”) in EcoSynergie S.A.R.L., a limited liability company organized under the laws of Morocco (“Ecosynergie”), pursuant to that certain Notarial Deed (the “Morocco Purchase Agreement”) dated as of January 23, 2023 (the “Signing Date”) setting forth the terms and provisions applicable to the Morocco Acquisition (the “Purchase Agreement”). On the Morocco Closing Date, (i) EcoSynergie’s name was changed to Clean-Seas Morocco, LLC, (ii) Mrs. Halima Aboudeine and Mr. Daniel C. Harris, the Company’s CRO, were appointed as managers of Clean-Seas Morocco and (iii) Mr. Harris was appointed to serve as the Chief Executive Officer of Clean-Seas Morocco. EcoSynergie was not acquired from a related party and the Company did not have common control with EcoSynergie at the time of the Morocco Acquisition.

  

Pursuant to the Morocco Purchase Agreement, Clean-Seas paid an aggregate purchase price of $6,500,000 for the Morocco Acquisition, of which (i) $2,000,000 was paid on the Morocco Closing Date and (ii) the remaining $4,500,000 is to be paid to Ecosynergie Group over a period of ten (10) months from the Morocco Closing Date. Additionally, Clean-Seas committed to invest up to $50,000,000 in Clean-Seas Morocco over a period of ten (10) months from the Morocco Closing Date (the “Clean-Seas Morocco Investment”). The Clean-Seas Morocco Investment is currently contemplated to be funded in tranches based on a to be agreed to schedule tied to milestones related to the technology being deployed by Clean-Seas Morocco. The parties intend to complete the funding schedule applicable to the Clean-Seas Morocco investment in the first quarter 2025. To date, none of the Clean-Seas Morocco Investment has been funded. 

The excess of the purchase price over the estimated fair values of the underlying identifiable assets acquired, liabilities assumed, and non-controlling interest was allocated to goodwill. The provisional estimated fair value of the noncontrolling interest was based the minority interest (49%) in net assets as of the acquisition date. The goodwill of $4,854,622 represents expected synergies from the combined operations. 

The excess of the purchase price over the estimated fair values of the underlying identifiable assets acquired, liabilities assumed, and non-controlling interest was allocated to goodwill. The provisional estimated fair value of the noncontrolling interest was based the minority interest (49%) in net assets as of the acquisition date. The goodwill of $4,584,622 represents expected synergies from the combined operations.

 

 F-10

 

NOTE 5 — PROPERTY & EQUIPMENT

 

Property and equipment are recorded at cost. The Company capitalizes purchases of property and equipment over $5,000. Depreciation is computed using the straight-line method over the estimated useful lives of the various classes of assets as follows between three and ten years.

 

Long lived assets, including property and equipment, to be held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. Impairment losses are recognized if expected future cash flows of the related assets are less than their carrying values. Measurement of an impairment loss is based on the fair value of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell.

 

Maintenance and repair expenses, as incurred, are charged to expense. Betterments and renewals are capitalized in plant and equipment accounts. Cost and accumulated depreciation applicable to items replaced or retired are eliminated from the related accounts with any gain or loss on the disposition included as income.

 

Clean-Seas, Inc. has purchased a pyrolysis unit for piloting and demonstration purposes which has been commissioned in Hyderabad, India as of May 2022. The unit will be used to showcase the Company’s technology and services, turning waste plastic into environmentally friendly commodities, to potential customers. 

 

Property, plant, and equipment at our Clean-Seas Morocco facility comprise equipment, buildings and fixtures, automobiles, furniture, and land. Upon acquisition, buildings and land were recorded at their estimated fair value, determined through a valuation conducted in 2018. Subsequently, these assets have been adjusted annually to reflect an approximate 5% increase in fair value, consistent with local real estate market trends. Depreciation for equipment, buildings, automobiles, and furniture is computed using the straight-line method over estimated useful lives of 5 to 10 years. 

 

Property and equipment stated at cost, less accumulated depreciation consisted of the following:

 

Schedule of property and equipment stated at cost
		September 30, 2024				December 31, 2023
Pyrolysis unit		$	185,700			$	185,691
Equipment			566,579				436,532
Buildings and fixtures			549,303				493,411
Land			3,883,607				3,867,095
Office furniture			2,301				998
Less: accumulated depreciation			(259,131	)			(100,161	)
Property and equipment, net		$	4,928,359			$	4,883,566

 

Depreciation expense

 

For the nine months ended September 30, 2024 and 2023, depreciation expense was $133,685 and $0, respectively.

  

NOTE 6 — LOANS PAYABLE

 

Effective January 1, 2024, the Company acquired a financing loan for its Director and Officer Insurance for $40,800. The loan bears interest at 8.75%, requires monthly payments of $4,245.41 and is due within one year. As of September 30, 2024, the balance due is $16,509.

 

West Virginia State Incentive Package

 

On June 12, 2023, Clean-Seas announced that it secured $12 million in state incentives, which includes $1.75 million in cash to establish a PCN facility outside of Charleston, West Virginia. Clean-Seas West Virginia, Inc., a West Virginia corporation (“Clean-Seas West Virginia”), has an existing feedstock supply agreement for 100 TPD of post-industrial plastic waste and is planned to be a PCN hub servicing the Mid-Atlantic states. The project will commence in phases, Phase 1 being 50 TPD, scaling up to 500 TPD. Additional project finance capital is in the process of being secured and the Company received the $1.75 million cash disbursement on September 25, 2023.   

 

 F-11

 

NOTE 7 — CONVERTIBLE NOTES PAYABLE

 

February Convertible Notes - Walleye Opportunities Master Fund Ltd

 

On February 21, 2023, the Company entered into a securities purchase agreement (the “February Purchase Agreement”) with certain institutional buyers. Pursuant to the February Purchase Agreement, the Company issued senior convertible notes in the aggregate principal amount of $4,000,000, which notes shall be convertible into shares of common stock at the lower of (a) 120% of the closing price of the common stock on the day prior to closing, or (b) a 10% discount to the lowest daily volume weighted average price (“VWAP”) reported by Bloomberg of the common stock during the 10 trading days prior to the conversion date  .

 

On February 21, 2023, the initial investor under the February Purchase Agreement purchased a senior convertible promissory note (the “February Note”) in the original principal amount of $2,500,000 and a warrant to purchase 29,434,850 shares of the Company’s common stock. The maturity date of the February Note is February 21, 2024 (the “Maturity Date”). The February Note bears interest at a rate of 5% per annum. The February Note carries an original issue discount of 2%. The Company may not prepay any portion of the outstanding principal amount, accrued and unpaid interest or accrued and unpaid late charges on principal and interest, if any, except as specifically permitted by the terms of the February Note. The Company also issued a warrant to the initial investor that is exercisable for shares of the Company’s common stock at a price of $0.0389 per share and expires five years from the date of issuance.

 

The terms of the February convertible note were amended pursuant to the March 2024 note (discussed below). The amendment changes the conversion price to $0.03 and extends the maturity date to December 1, 2024.

 

April Convertible Note - Walleye Opportunities Master Fund Ltd

 

Pursuant to the February Purchase Agreement, on April 10, 2023, an investor purchased a senior convertible promissory note (the “April Note”) in the original principal amount of $1,500,000 and the Company issued warrants for the purchase of up to 17,660,911 shares of the Company’s common stock to the investor. The April Note bears interest at a rate of 5% per annum. The April Note carries an original issue discount of 2%. The Company may not prepay any portion of the outstanding principal amount, accrued and unpaid interest or accrued and unpaid late charges on principal and interest, if any, except as specifically permitted by the terms of the April Note. The April Note is convertible into shares of common stock at $0.03 per share.

 

May Convertible Notes - Walleye Opportunities Master Fund Ltd

 

On May 26, 2023, the Company entered into that certain Securities Purchase Agreement (the “May Purchase Agreement”) with certain institutional investors (the “May Investors”), pursuant to which the May Investor purchased a senior convertible promissory note in the aggregate original principal amount of $1,714,285.71 (the “May Note”) and warrants to purchase 44,069,041 shares of the Company’s common stock (the “May Warrants”).

 

The May Note matures 12 months after issuance and bears interest at a rate of 5% per annum, as may be adjusted from time to time in accordance with Section 2 of the May Note. The May Note has an original issue discount of 30%. The Company may not prepay any portion of the outstanding principal amount, accrued and unpaid interest or accrued and unpaid late charges on principal and interest, if any, except as specifically permitted by the terms of the May Note. The May Note is convertible into shares of common stock at $0.0389 per share.

 

At any time, the Company shall have the right to redeem all, but not less than all, of the amount then outstanding under the May Note (the “Company Optional Redemption Amount”) on the Company Optional Redemption Date (as defined in the Note) (a “Company Optional Redemption”). The portion of the May Note subject to a Company Optional Redemption shall be redeemed by the Company in cash at a price equal to the greater of (i) 10% premium to the amount then outstanding under the May Note to be redeemed, and (ii) the equity value of our common stock underlying the May Note. The equity value of our common stock underlying the May Note is calculated using the greatest closing sale price of our common stock on any trading day immediately preceding such redemption and the date we make the entire payment required. The Company may exercise its right to require redemption under the May Note by delivering a written notice thereof by electronic mail and overnight courier to all, but not less than all, of the holders of May Note.

 

The May Warrants are exercisable for shares of the Company’s common stock at a price equal to 120% of the closing sale price of the common stock on the trading day ended immediately prior to the closing date (the “May Warrant Exercise Price”) and expire five years from the date of issuance. The May Warrant Exercise Price is subject to customary adjustments for stock dividends, stock splits, recapitalizations and the like.

 

 F-12

 

 

August 2023 Note - Coventry Enterprises, LLC

 

On July 31, 2023 (the “August Note Original Issue Date”), the Company entered into a securities purchase agreement (the “August Purchase Agreement”) with an accredited investor (the “August Investor”), pursuant to which the August Investor purchased a senior convertible promissory note in the original principal amount of $500,000 (the “August Note”). In addition, as an additional inducement to the August Investor for purchasing the August Note, the Company issued 21,000,000 shares of its common stock to the August Investor at the closing. These shares are being valued at the closing stock price on the date of grant with the relative fair value accounted for as a debt discount. The transactions contemplated under the August Purchase Agreement closed on August 4, 2023.

 

The August Note matures on July 31, 2024 and bears interest at a rate of 10% per annum (the “Guaranteed Interest”), carries an original issue discount of 15% and has a default conversion price of 90% per share of the lowest VWAP during the 20 trading day period before the conversion. The August Note requires monthly payments of $78,571.42, beginning December 31, 2023. The Company may prepay any portion of the outstanding principal amount and the guaranteed interest at any time and from time to time, without penalty or premium, provided that any such prepayment will be applied first to any unpaid collection costs, then to any unpaid fees, then to any unpaid Default Rate interest (as defined in the August Note), and any remaining amount shall be applied first to any unpaid guaranteed interest, and then to any unpaid principal amount.

 

The August Investor was granted a right of first refusal as the exclusive party with respect to any Equity Line of Credit transaction or financing (an “Additional Financing”) that the Company enters into during the 24-month period after the August Note Original Issue Date. In the event the Company enters into an Additional Financing, the Company must provide notice to the August Investor not less than 10 trading days in advance of the proposed entry. If the August Investor accepts all usual and customary terms set forth in the Additional Financing notice, the August Investor must, within 20 trading days of receipt of the notice, prepare all relevant documents in respect thereof for execution and delivery by the Company, provided, however, that the Company’s outside counsel must prepare the relevant registration statement to be filed with the United States Securities and Exchange Commission no later than 45 days after the Company receives the documents.

  

The August Note sets forth certain standard events of default (each such event, an “August Note Event of Default”), which, upon such August Note Event of Default, the principal amount and the guaranteed interest then outstanding under the August Note becomes convertible into shares of the Company’s common stock pursuant to a notice provided by the August Investor to the Company. At any time after the occurrence of an August Note Event of Default, the outstanding principal amount and the outstanding guaranteed interest then outstanding on the August Note, plus accrued but unpaid Default Rate (as defined in the August Note) interest, liquidated damages and other amounts owing in respect thereof through the date of acceleration, shall become immediately due and payable at the August Investor’s option, in cash or in shares of the Company’s common stock at 120% of the outstanding principal amount of the August Note and accrued and unpaid interest, plus other amounts, costs, expenses and liquidated damages due in respect of the August Note. 

 

October 2023 Note - GS Capital Partners

 

On October 26, 2023, the Company entered into a Securities Purchase Agreement (the “October Purchase Agreement”) with an accredited investor (the “October Investor”) related to the Company’s sale of two 12% convertible notes in the aggregate principal amount of $660,000 (each note being in the amount of $330,000 and containing an original issue discount of $30,000 such that the purchase price of each note is $300,000) (each “Note,” and together the “Notes”) are convertible into shares of the Company’s common stock, par value $0.001 per share, upon the terms and subject to the limitations set forth in each Note. The Company issued and sold the first Note (the “First Note”) on October 26, 2023 (the “First Closing Date” or the “First Issuance Date”). The second note was not funded.

 

On the First Closing Date, the Company issued 800,000 restricted shares of Common Stock to the Purchaser as additional consideration for the purchase of the First Note (the “First Note Commitment Shares”). Upon the closing of the Second Note, the Company will issue additional commitment shares in an amount calculated based on the price per share of the Common Stock at the time of funding of such Second Note (the “Second Note Commitment Shares,” and together with the First Note Commitment Shares, the “Commitment Shares”). In addition to the Commitment Shares, the Company agreed to issue 7,500,000 shares of Common Stock to the Purchaser (the “Returnable Shares”) for each Note. Each issuance of Returnable Shares is subject to recalculation based on the price per share of Common Stock at the time of funding for each Note, such that the economic value of each set of Returnable Shares shall be equal to the value of the initial set of Returnable Shares. For example, if on the Second Closing Date, the closing price of the Common Stock is 50% of the closing price of the Common Stock on the First Closing Date, the Company will be required to issue 15,000,000 Returnable Shares on the Second Note Closing Date. The Returnable Shares must be returned to the Company unless each Note enters into an uncured default during its term, or the Company is otherwise unable to repay each Note on or prior to maturity.

 

 F-13

 

 

ClearThink Financing

 

On February 12, 2024, the Company and ClearThink Capital LLC (“ClearThink”) entered into a (i) Securities Purchase Agreement (the “SPA”) and (ii) STRATA Purchase Agreement (the “STRATA Agreement” and together with the SPA, collectively, the “ClearThink Agreements”).

 

SPA

 

Pursuant to the SPA, the Company agreed to sell, and ClearThink agreed to purchase, two (2) separate 12% convertible notes of the Company (the first such note, the “First Note Tranche,” the second such note, the “Second Note Tranche,” and collectively, the “ClearThink Notes”) in the aggregate principal amount of $440,000 (each such ClearThink Note being in the amount of $220,000.00 and containing an original issue discount of $20,000, resulting in the purchase price of each such ClearThink Note being $200,000.00), which are convertible Common Stock. In addition, the Company agreed to issue 3,100,000 shares of restricted Common Stock (the “Commitment Shares”) to ClearThink as additional consideration for the First Note Tranche and as an inducement for the Investor to enter into the STRATA Agreement; provided, however, that 2,500,000 shares of Commitment Shares will be returned to the Company if the Company, at its option, does not consummate the transactions contemplated by the STRATA Agreement by not filing the Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission covering the resale of all securities issuable under each of the ClearThink Agreements (the “Resale Registration Statement”).

  

The First Note Tranche was issued on February 12, 2024 and the Second Note Tranche shall be issued within three (3) days after the Company’s filing of the Resale Registration Statement.

 

While any of the securities issued or issuable under the SPA are outstanding, upon any issuance by the Company or any of its subsidiaries of any security, or amendment to a security that was originally issued before the SPA Closing Date, with any term that the Investor reasonably believes is more favorable to the Investor of such security or with a term in favor of the Investor of such security that the Investor reasonably believes was not similarly provided to ClearThink in the ClearThink Note, (i) the Company shall notify the Investor of such additional or more favorable term within one (1) business day of the issuance and/or amendment (as applicable) of the respective security, and (i) such term, at Investor's option, shall become a part of the transaction documents with the Investor (regardless of whether the Company complied with the notification provision herein). The types of terms contained in another security that may be more favorable to the Investor of such security include, but are not limited to, terms addressing prepayment rate, interest rates, and original issue discounts, conversion or exercise prices warrant coverage and pricing, commitment shares and similar terms and conditions.

 

The ClearThink Note contains a principal amount of $220,000 (the “Principal”) with guaranteed interest (the “Interest”) at a rate of twelve percent (12%) per calendar year from the date of issuance. All Principal and Interest, along with any and all other amounts, shall be due and owing on November 12, 2024 (the “Maturity Date”), with a lump-sum interest payment equal to $26,400 payable on the SPA Closing Date, which is added to the principal balance and payable by the Company on the Maturity Date or upon acceleration or by prepayment or otherwise, notwithstanding the number of days which the Principal is outstanding. Unless the Investor elects to convert the Note into shares of Common Stock, Principal payments shall be made in four installments, each in the amount of $50,000 commencing on the one hundred eightieth (180^th) day anniversary following the SPA Closing Date and continuing thereafter each thirty (30) days for four (4) months thereafter. The ClearThink Note may be prepaid in whole or in part as set forth therein and any amount of Principal or Interest on the ClearThink Note which is not paid when due shall bear interest at the rate of the lesser of (i) twenty four percent (24%) per annum (which shall be guaranteed and applied to the balance due under the ClearThink Note upon an Event of Default (as defined in the ClearThink Note)) and (ii) the maximum amount permitted under law from the due date thereof until the same is paid.

 

Trillium Financing

 

On February 15, 2024, the Company entered into a Securities Purchase Agreement (the “Trillium Agreement”) with Trillium Partners L.P. (“Trillium”), whereby the Company issued and sold to Trillium (i) a promissory note (the “Trillium Note”) in the aggregate principal amount of $580,000 (which includes $87,500 of Original Issue Discount) (the “Trillium Principal”), convertible into Common Stock, upon default, upon the terms and subject to the limitations and conditions set forth in such Trillium Note, and (ii) 4,000,000 restricted shares of Common Stock (the “Commitment Shares”).

 

 F-14

 

 

Although the Trillium Agreement was dated and signed on February 15, 2024, it did not become effective until the conditions set forth in Section 6 and Section 7 of the Trillium Agreement were satisfied, which occurred on February 22, 2024 (the “Trillium Closing Date”). 

 

The maturity date of the Trillium Note is January 15, 2025 (the “Trillium Maturity Date”) and a one-time interest charge of ten percent (10%) or $58,000 (the “Trillium Interest Rate”) shall be applied to the Trillium Principal on the date of issuance. The Company has the right to prepay the Trillium Note in full at any time with no prepayment penalty. Accrued, unpaid Trillium Interest and outstanding Trillium Principal, subject to adjustment, shall be paid in seven payments, each in the amount of $91,142.86 (a total payback to the Holder of $638,000).

 

At any time following an Event of Default (as defined in the Trillium Note), Trillium has the right to convert all or any part of the outstanding and unpaid amount of the Trillium Note into fully paid and non-assessable shares of Common Stock, as such Common Stock exists on the date of issuance, or any shares of capital stock or other securities of the Company into which such Common Stock shall hereafter be changed or reclassified at the conversion price determined as provided herein (a “Conversion”), provided, that such Conversion or Conversions do not result in Trillium beneficially owning more than 9.99% of the outstanding shares of Common Stock.

 

Pursuant to the Trillium Note, beginning on the fifth month anniversary of the Issuance Date, and for the next six months after, the Company will make a total of seven (7) equal monthly payments of $91,142.85. In the event that the Company defaults and misses a payment, then the Investor will be able to do a “default conversion. The conversion price (the “Trillium Conversion Price”) is equal to the lower of: (i) the Fixed Conversion Price of $0.03; (ii) the Variable Conversion Price (70% of the lowest trade for the twenty days prior to conversion); and (iii) the Alternative Conversion Price (lowest price os any common stock during the period thirty days prior to a default).   The Company agreed to initially reserve from its authorized and unissued Common Stock, 72,000,000 shares of Common Stock (the “Reserve Amount”), which Reserve Amount shall be increased from time to time in accordance with the terms of the Trillium Note.

   

Under the terms of the Trillium Agreement, the Company agreed to use its best efforts to effect the registration and the sale of the Commitment Shares and the Conversion Shares (collectively, the “Registerable Securities”) by filing with the SEC an amendment to its Registration Statement on Form S-1 (as initially filed with the SEC on November 3, 2023 as amended on December 15, 2023) with respect to such Registrable Securities.

 

March 2024 Financing Walleye Opportunities Master Fund Ltd.

 

On February 17, 2023, the Company entered into a Securities Purchase Agreement (the “Prior Agreement”) with Walleye Opportunities Master Fund Ltd. (the “March Investor”) for the sale of up to $4,000,000 in aggregate principal amount of senior convertible promissory notes and warrants to acquire shares Common Stock. The initial closing under the Prior Agreement occurred on February 21, 2023, when the Company issued to the March Investor (i) a senior convertible promissory note in the principal amount of $2,500,000 (the “Existing Note”) and (ii) warrants to purchase up to 29,434,850 shares of Common Stock (the “Existing Warrant”). 

 

On March 25, 2024 (the “Issue Date”), the Company and March Investor entered into a Securities Purchase Agreement (the “March Purchase Agreement”), whereby: (i) the Company issued to the March Investor (a) a convertible note in the aggregate principal amount of $666,666 (the “March 2024 Note”), and (b) a warrant initially exercisable to acquire up to 22,222,220 shares of Common Stock at an exercise price of $0.03 per share (the “March 2024 Warrant”); and (ii) the parties agreed to amend and restate the Existing Note and Existing Warrant as discussed below.

 

March 2024 Note

 

At any time on or after the Issue Date, the March Investor shall be entitled to convert any portion of the outstanding Conversion Amount (as defined in the March 2024 Note) into validly issued, fully paid and non-assessable shares of Common Stock at a conversion price equal to $0.03 per share, subject to adjustment as set forth in the March 2024 Note.

 

 F-15

 

 

Interest accruing on the March 2024 Note is payable to the March Investor in shares of Common Stock; provided, however, that the Company may pay any such interest in cash or in a combination of cash and shares of Common Stock. The March 2024 Note bears interest at a rate of 5% per annum, as may be adjusted from time to time, and matures on October 1, 2024 (the “March Note Maturity Date”); provided, however, that the March Note Maturity Date may be extended at the option of the Investor as provided in the March 2024 Note.

 

The Company shall have the right to redeem all, but not less than all, of the amount then outstanding under the March 2024 Note at any time. Any redemption shall be made by the Company in cash at a price equal to the greater of (i) 120% of the Conversion Amount (as defined in the March 2024 Note), and (ii) the product of (1) the Conversion Rate (as defined in the March 2024 Note) with respect to the Conversion Amount being redeemed multiplied by (2) the greatest closing sale price of the Common Stock on any trading day immediately preceding the date such redemption payment is made  . Upon the occurrence of an Event of Default under the March 2024 Note, the Investor may require the Company to redeem all or any portion of the March 2024 Note, regardless of whether such Event of Default has been cured.

 

March 2024 Warrant

 

The March 2024 Warrant (i) is exercisable for the purchase of up to 22,222,220 shares of Common Stock at an exercise price of $0.03 per share, subject to customary adjustments, and (ii) expires five years from the date of issuance.

 

Registration Rights Agreement

 

On the Issue Date, the Company and the March Investor entered into a registration rights agreement (the “RRA”), pursuant to which the Company agreed to file with the SEC, within 45 days after the Issue Date, a registration statement covering the resale of all securities issuable to the March Investor under the March Purchase Agreement.

 

Amended and Restated Note

 

In connection with the March Purchase Agreement, the Company and March Investor amended and restated the Existing Note as set forth in that certain Amended and Restated Convertible Note dated March 25, 2024 (the “A&R Note). At any time, the March Investor shall be entitled to convert any portion of the outstanding Conversion Amount (as defined in the A&R Note) into validly issued, fully paid and non-assessable shares of Common Stock at a conversion price equal to $0.03 per share, subject to adjustment as set forth in the A&R Note.

 

Interest accruing on the A&R Note is payable to the March Investor in shares of Common Stock; provided, however, that the Company may pay any such interest in cash or in a combination of cash and shares of Common Stock. The A&R Note bears interest at a rate of 5% per annum and matures on December 1, 2024 (the “A&R Note Maturity Date”); provided, however, that the A&R Note Maturity Date may be extended at the option of the as provided in the A&R Note).

 

The Company shall have the right to redeem all, but not less than all, of the amount then outstanding amount under the A&R Note at any time. Any redemption shall be made by the Company in cash at a price equal to the greater of (i) 120% of the Conversion Amount (as defined in the A&R Note), and (ii) the product of (1) the Conversion Rate (as defined in the A&R Note) with respect to the Conversion Amount being redeemed multiplied by (2) the greatest closing sale price of our Common Stock on any trading day immediately preceding the date such redemption payment is made.

  

Amended and Restated Warrant

 

In connection with the Purchase Agreement, the Company and March Investor agreed to amend and restate the Existing Warrant as set forth in that certain Amended and Restated Warrant to Purchase Common Stock dated March 25, 2024 (the “A&R Warrant). The A&R Warrant is exercisable for the purchase of up to 22,222,220 shares of Common Stock at an exercise price of $0.03 per share, subject to customary adjustments, and (ii) expires five years from the Issue Date.

 

May 2024 SPA and STRATA

 

On May 29, 2024 (the “SPA Closing Date”), the Company closed on the transactions contemplated by that certain Securities Purchase Agreement (the “SPA”) with an accredited investor (the “Investor”) and entered into a STRATA Purchase Agreement (the “STRATA Agreement” and together with the SPA, collectively, the “Agreements”) with the Investor, whereby the Investor agreed to purchase up to $5,000,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”).

 

 F-16

 

 

Pursuant to the SPA, the Company agreed to sell, and the Investor agreed to purchase, a convertible amortization note of the Company (the “Note”) in the aggregate principal amount of $110,000 (such Note being in the amount of $110,000 and containing an original issue discount of $10,000, resulting in the purchase of such Note being $110,000), which Note is convertible into shares of Common Stock as set forth in the Note. In addition, on the SPA Closing Date, the Company issued 5,000,000 shares of restricted Common Stock (the “Commitment Shares”) to the Investor as additional consideration and an inducement for the Investor to enter into the STRATA Agreement.

 

Beginning on the Commencement Date (as defined in the STRATA Agreement) and subject to the terms and conditions in the STRATA Agreement, the Company shall have the right, but not the obligation, to direct the Investor to purchase up to Five Million Dollars ($5,000,000) of Common Stock (the “Purchase Shares”), subject to adjustment, up to the Request Limit (as defined below), at the Purchase Price (as defined below) on the date on which the Investor receives a valid notice (the “Purchase Notice”) from the Company directing the Investor to acquire the Purchase Shares (the date on which the Investor receives such notice, the “Closing Request Date”). Pursuant to the STRATA Agreement, the Company is not allowed to issue a Purchase Notice to the Investor until the Registration Statement (as defined below) has been declared effective with the SEC.

 

The foregoing description of the May 29, 2024 transactions does not purport to be complete and is qualified in its entirety by reference to the form of SPA, Note, STRATA Agreement and RRA attached to Current Report on Form 8-K file by the Company June 4, 2024 with the SEC on as Exhibits 10.1, 4.1, 10.2 and 10.3, respectively.

 

On June 14, 2024, the Company issued a convertible promissory note to Coventry Enterprises, LLC in the aggregate principal amount of $100,000 (which includes $10,000 of Original Issue Discount). Coventry received 5,000,000 restricted shares of Common Stock as Commitment Shares.

 

The Company accounted for the above Convertible Notes according to ASC 815. For the derivative financial instruments that are accounted for as liabilities, the derivative liability was initially recorded at its fair value and is being re-valued at each reporting date, with changes in the fair value reported in the statements of operations.

 

For the warrants that were issued with each tranche of funding, the Company uses a weighted-average Black-Scholes-Merton option pricing model to value the warrants at inception and then calculates the relative fair value for each loan.

 

Commitment shares are valued at the closing stock price on the effective date of the promissory note. The value of the shares is accounted for as debt discount.

 

The Company deducts the total value of all discounts (OID, value of warrants, discount for derivative) from the calculated derivative liability with any difference accounted for as a loss on debt issuance.

  

The following table summarizes the convertible notes outstanding as of September 30, 2024:

 

 F-17

 

Schedule of convertible notes outstanding
Note Holder		Date		Maturity Date		Interest			Balance December 31, 2023				Additions				Repayments / Conversions			Balance September 30, 2024
Walleye Opportunities Fund		2/21/2023		12/1/2024			5%			436,316				—				—			436,316
Walleye Opportunities Fund		4/10/2023		4/10/2024			5%			1,500,000				—				—			1,500,000
Walleye Opportunities Fund		5/26/2023		5/26/2024			5%			1,714,286				—				—			1,714,286
Coventry Enterprises, LLC		7/31/2023		7/31/2024			10%			500,000				—				(500,000) (1)			—
GS Capital Partners		10/26/2023		7/26/2024			12%			330,000				—				(275,000)			55,000
Clearthink Capital Partners		2/12/2024		11/12/2024			12%			—				220,000				(50,000)			170,000
Trillium Partners LP		2/22/2024		1/15/2025			10%			—				754,993(2)				(291,778)			463,215
Walleye Opportunities Fund		3/25/2024		12/1/2024			5%			—				666,666				—			666,666
Clearthink Capital Partners		5/24/2024		1/24/2025			12%			—				110,000				—			110,000
Coventry Enterprises, LLC		6/14/2024		5/15/2025			10%			—				100,000				—			100,000
Total									$	4,480,602			$	1,851,659			$	(1,116,778)		$	5,215,483
Less debt discount									$	(1,701,403)											(782,889)
Convertible notes payable, net									$	2,779,199										$	4,432,594

(1)	$314,284 was repaid in cash, $146,430 was forgiven along with $50,000 of accrued interest.
(2)	$174,993 add to principal for default penalty.

 

A summary of the activity of the derivative liability for the notes above is as follows:

 

Schedule of activity of derivative liability
Balance at December 31, 2023		$	598,306
Increase to derivative due to new issuances			593,950
Decrease to derivative due to mark to market			(342,229	)
Decrease to derivative due to modification of conversion terms			(598,306	)
Balance at September 30, 2024		$	251,721

 

NOTE 8 — RELATED PARTY TRANSACTIONS

 

Daniel Bates, CEO

 

On February 21, 2021, the Company amended the employment agreement with Daniel Bates, CEO. The amendment extended the term of his agreement from three years commencing May 27, 2020, to expire on May 27, 2025.

 

As of September 30, 2024 and 2023, the Company owed Mr. Bates $279,000 and $189,000, respectively, for accrued compensation.

 

Rachel Boulds, CFO

 

The Company entered into a consulting agreement with Rachel Boulds, effective as of May 1, 2021, to serve as part-time Chief Financial Officer for compensation of $5,000 per month, which increased to $7,500 in June 2023. As of September 30, 2024 and 2023, the Company owed Ms. Boulds $15,000 and $0, respectively, for accrued compensation.

 

Daniel Harris, Chief Revenue Officer

 

As of September 30, 2024 and 2023, the Company owed Mr. Harris, $42,500 and $17,500, respectively, for accrued compensation.

 

Erfran Ibrahim, former CTO

 

As of September 30, 2024 and 2023, the Company owed Mr. Ibrahim, $60,000 and $60,000, respectively, for accrued compensation.

 

Michael Dorsey, Director

 

During the nine months ended September 30, 2024 and 2023, the Company paid Mr. Dorsey, $9,000 and $9,000, respectively, for director fees. As of September 30, 2024, the Company owes Mr. Dorsey $4,500.

 

 F-18

 

 

Greg Boehmer, Director

 

During the nine months ended September 30, 2024 and 2023, the Company paid Mr. Boehmer, $9,000 and $9,000, respectively, for director fees and owes $4,500 as of September 30, 2024. In addition, the Company owes Mr. Boehmer $9,000 and $0, for consulting services as of September 30, 2024 and December 31, 2023.

 

Bart Fisher, Director

 

During the nine months ended September 30, 2024 and 2023, the Company paid Mr. Fisher, $9,000 and $9,000, respectively, for director fees and owes $4,500 as of September 30, 2024. 

 

Bartholomew Pan-Kita, Director

 

During the nine months ended September 30, 2024, the Company paid Mr. Pan-Kita, $5,000, for director fees and owes $25,000 as of September 30, 2024. 

 

Green Invest Solutions Ltd.

 

During September 2023, a $70,000 note was issued to Green Invest Solutions Ltd. which is managed by the same individuals as Clean-Seas Morocco. The loan is considered to be short-term and is not accruing interest.

 

Management of Clean-Seas Morocco

 

On occasion, management of Clean-Seas Morocco provides funds to the company for general operations. As of September 30, 2024 and December 31, 2023, $761,616 and $549,946 was due to management, respectively. There are no agreements and no interest rates applied.

 

Note Payable

 

Pursuant to the Morocco Purchase Agreement, Clean-Seas paid an aggregate purchase price of $6,500,000 for the Morocco Acquisition, of which (i) $2,000,000 was paid on the Morocco Closing Date and (ii) the remaining $4,500,000 is to be paid to Ecosynergie Group over a period of ten (10) months from the Morocco Closing Date. To date no additional payments have been made.

  

NOTE 9 — COMMON STOCK

 

On January 9, 2024, the Company entered into a Securities Purchase Agreement (the “January Agreement”) with an accredited investor (the “Purchaser”) whereby the Company agreed to sell, and the Purchaser agreed to purchase, up to 15,000,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), for an aggregate purchase price of up to $300,000, or $0.02 per share. Pursuant to the January Agreement, which became effective on January 17, 2024, the Purchaser paid $100,000 to the Company in exchange for 5,000,000 shares of Common Stock.

 

On February 9, 2024, the Company granted 455,840 shares of common stock for services. The shares were valued at $0.0351, the closing stock price on the date of grant, for total non-cash compensation expense of $16,000.

 

On February 22, 2024, the Company granted 3,600,000 shares of common stock for services. The shares were valued at $0.0248, the closing stock price on the date of grant, for total non-cash compensation expense of $89,280. The expense is being recognized over the term of the agreement.

 

On February 23, 2024, the Company granted 5,000,000 shares of common stock for services. The shares were valued at $0.0351, the closing stock price on the date of grant, for total non-cash compensation expense of $171,500. The expense is being recognized over the term of the agreement.

 

On February 9, 2024, the Company issued 1,600,000 shares of common stock to ClearThink, pursuant to the terms of a Securities Purchase Agreement (Note 7).

 

 F-19

 

On February 15, 2024, the Company issued 4,000,000 shares of common stock to Trillium Partners, pursuant to the terms of a Securities Purchase Agreement (Note 7). 

 

On March 22, 2024, the Company granted 40,000 shares of common stock for services. The shares were valued at $0.0248, the closing stock price on the date of grant, for total non-cash compensation expense of $992.

 

On May 6, 2024, the Company’s transfer agent issued 432,012 shares of common stock that were granted and expensed in a prior period and had been disclosed as common stock to be issued.

 

On May 29, 2024, the Company issued 370,370 shares of common stock for services. The shares were valued at $0.0216, the closing stock price on the date of grant, for total non-cash compensation expense of $8,000.

 

During the nine months ended September 30, 2024, GS Capital Partners, LLC, converted $275,000 and $29,076 of principal and interest, respectively, into 29,368,294 shares of common stock.

 

During the nine months ended September 30, 2024, ClearThink, converted $50,000 of principal, into 5,454,545 shares of common stock.

 

During the nine months ended September 30, 2024, Coventry converted $39,285 of principal, into 4,454,165 shares of common stock.

 

During the nine months ended September 30, 2024, Trillium, converted $291,778 and $55,803 of principal and interest, respectively, into 44,087,985 shares of common stock.

 

Refer to Note 8 for shares issued to related parties.

  

NOTE 10 — PREFERRED STOCK

 

The Company is authorized to issue 10,000,000 shares of Preferred Stock at $0.001 par value per share with the following designations.

  

Series A Redeemable Preferred Stock

 

On September 21, 2020, the Company created a series of Preferred Stock designating 2,000,000 shares as Series A Redeemable Preferred Stock ranks senior to the Company’s Common Stock upon the liquidation, dissolution or winding up of the Company. The Series A Preferred Stock does not bear a dividend or have voting rights and is not convertible into shares of our Common Stock.

 

Series B Preferred Stock

 

On December 14, 2020, the Company designated 2,000,000 shares of its authorized preferred stock as Series B Convertible, Non-voting Preferred Stock (the “Series B Preferred Stock”). The Series B Preferred Stock does not bear a dividend or have voting rights. The Series B Preferred Stock automatically converted into shares of common stock on January 1, 2023, at the rate of 10 shares of common stock for each share of Series B Preferred Stock; however, due to an ongoing dispute with certain holders of the Series B Preferred Stock, which is expected to be resolved through binding arbitration in December 2023, such conversion has not been effectuated as of the date hereof. Holders of our Series B Preferred Stock have anti-dilution rights protecting their interests in the Company from the issuance of any additional shares of capital stock for a two year period following conversion of the Series B Preferred Stock calculated at the rate of 20% on a fully diluted basis.

 

On December 17, 2020, the Company entered into a three-year consulting agreement with Leonard Tucker LLC (“Tucker”). Per the terms of the agreement, Tucker received 2,000,000 shares of Series B Preferred Stock for services provided, which shares of Series B Preferred Stock are to be classified as mezzanine equity until they are fully issued. As a result of the arbitrator’s April decision regarding the Company’s litigation with Tucker, April 15, 2024, Tucker does not hold any shares of Series B Preferred Stock. See Note 12 – Commitments and Contingencies (Legal Proceedings) below. The Series B Preferred Stock were cancelled and credited to additional paid in capital.

 

 F-20

 

Series C Preferred Stock

 

On February 19, 2021, the Company amended its Articles of Incorporation whereby 2,000,000 shares of preferred stock were designated Series C Convertible Preferred Stock. The holders of the Series C Convertible Preferred Stock are entitled to 100 votes and shall vote together with the holders of common stock. Each share of the Series C Convertible Preferred Stock automatically converted into ten shares of common stock on January 1, 2023; however, such conversion has not been effectuated as of the date hereof.

  

NOTE 11 — WARRANTS

 

On March 25, 2024, the Company entered into that certain Securities Purchase Agreement with Walleye pursuant to which the Company warrants to purchase 181,365,075 shares of the Company’s common stock. The Warrants are exercisable for shares of the Company’s common stock at a price of $0.03 per share and expire five years from the date of issuance. Using the fair value calculation, the relative fair value for the warrants was calculated to determine the warrants recorded equity amount of $575,690 which has been accounted for in additional paid in capital.

 

Schedule of warrants
		Number of Warrants				Weighted Average Exercise Price				Weighted Average Remaining Contract Term			Intrinsic Value
Outstanding, December 31, 2022			9,040,000			$	0.02				2.25
Issued			107,914,802			$	0.04				4.46
Cancelled			—			$	—				—
Exercised			—			$	—				—
Outstanding, December 31, 2023			116,954,802			$	0.037				4.25		$	345,500
Issued			181,365,075			$	0.03				5
Cancelled			—			$	—				—
Exercised			(2,181,818)			$	—				—
Outstanding, September 30, 2024			296,138,059			$	0.033				4.23		$	—

 

NOTE 12 — COMMITMENTS AND CONTINGENCIES

 

Project Finance Arrangement

 

On November 4, 2022, the Company entered into a consulting agreement (the “Agreement”) with Edge Management, LLC (“Edge”), a services firm based in New York City. Under the Agreement, Edge will assist us to develop, structure and implement project finance strategies (“Project Finance”) for our clean energy installations around the world. Financing strategies will be in amounts and upon terms acceptable to us, and may include, without limitation, common and preferred equity financing, mezzanine and other junior debt financing, and/or senior debt financing, including but not limited to one or more bond offerings (“Project Financing(s)”). Under the Agreement, Edge is engaged as our exclusive representative for Project Financing matters. Edge is entitled to receive a cash payment for any Project Financing involving as follows: 5% of the gross amount of the funding facilities (up to $500 million) of all forms approved by the lender (“Lender”) introduced by Edge and or its affiliates and accepted by the Company on closing (“Closing”), 4% of the gross amount of the funding facilities (for the tranche of funding ranging from $500,000,001 to $1,000,000,000) approved by the Lender introduced by Edge and or its affiliates and accepted by the Company on Closing, and 3% of the subsequent gross amount ($1,000,000,001 and greater) of the funding facilities of all forms approved by the Lender introduced by Edge and/or its affiliates and accepted by the Company on Closing. In addition to the cash consulting fee, Edge shall be issued cashless, five-year warrants equal to: 2% (at a strike price to be mutually determined by the Parties for the first tranche of funding, up to $500 million), 1% (at a strike price to be mutually determined by the Parties for the tranche of funding ranging from $500,000,001 to $1,000,000,000), and 1% (at a strike price to be mutually determined by the Parties for any and all subsequent Debt Funding ($1,000,000,001 and greater)) of the outstanding common and preferred shares, warrants, options, and other forms of participation in the our Company on Closing.. The Agreement has an initial term of one (1) year and is cancellable by either party on ninety (90) days written notice. There is no guarantee that Edge will be successful in helping us obtain Project Financing.

 

 F-21

 

Legal Proceedings

 

Presently, except as described below, there are not any material pending legal proceedings to which the Company is a party or as to which any of its property is subject, and no such proceedings are known to the Company to be threatened or contemplated against it.

 

On January 30, 2023, Leonard Tucker, LLC (“Tucker”), one of the holders of the Company’s Series B Convertible Non-Voting Preferred Stock (the “Series B Preferred Stock”) filed an action against the Company (the “Tucker Litigation”) in the Second Judicial District Court of the State of Nevada (Case No. CV23-00188) alleging breach of contract, breach of implied covenant of good faith and fair dealing, unjust enrichment, specific performance and declaratory relief (the “Tucker Complaint”). The Tucker Litigation arose from the 3-year Consulting Agreement the Company entered into with Tucker on December 17, 2020 (the “Tucker Agreement”), whereby Tucker agreed to perform certain strategic and business development services to the Company in exchange for 2,000,000 shares of Series B Preferred Stock and a consulting fee of $20,000 per month. The 2,000,000 shares of Series B Preferred Stock automatically converted into 20,000,000 shares of the Company’s common stock (the “Common Stock”) on January 1, 2023. 

 

The Company’s Transfer Agent was instructed to not issue the shares of Common Stock because of the ongoing dispute between the Company and Tucker regarding Tucker’s ability to perform under the Tucker Agreement due to, among other things, the action filed by the SEC against Profile Solutions, Inc., Dan Oran and Tucker on September 9, 2022 in the United States District Court Southern District of Florida (Case No. 1:22-cv-22881) alleging, among other things, that Tucker violated Section 17(a)(1) and 17(a)(3) of the Securities Act of 1933, as amended (the “Securities Act”) and aided and abetted violations of Section 10(b) and Rule 10-b5 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Tucker is seeking, among other things, that the Company issue the shares of Common Stock issuable upon conversion of the Series B Preferred Stock pursuant to the Tucker Agreement. The Company is contesting all of the allegations set forth in the Tucker Complaint. On February 24, 2023, the Company removed the Tucker Litigation to the United States District of Nevada (Case No. 2:23-cv-00296).

 

On February 27, 2023, the Company filed counterclaims against Tucker and its principal, Leonard Tucker (the “Company Complaint”), wherein the Company sought a judgment against Tucker declaring the Tucker Agreement unenforceable and invalid, as well as damages related to its claims for breach of contract, breach of the implied covenant of good faith and fair dealing, fraud, and breach of duty against both Tucker and its principal. On March 10, 2023, the parties subsequently stipulated to stay the Tucker Litigation to attend binding arbitration. On January 31, 2024, the arbitrator entered an interim award in favor of the Company related to a discovery dispute in the arbitration for the sum of $19,625. 

 

On January 25, 2024, the arbitrator entered her decision (the “Decision”) regarding the parties’ relative liability in the Tucker Litigation. Overall, the Decision concluded that the Company substantially prevailed on its claims, counterclaims, and defenses in the Tucker Litigation. First, the Decision concluded that the Company prevailed on its claim that the Tucker Agreement is invalid and unenforceable; and further concluded that the Company prevailed against Tucker on each of Tucker’s causes of action based on the Tucker Agreement, including Tucker’s claims for breach of contract, breach of the breach of the implied covenant of good faith and fair dealing, specific performance, and declaratory relief. Second, the Decision concluded no fraud or breach of duty with respect to Tucker and its principal; and further concluded that Tucker may be entitled to retain the compensation paid by the Company for its services under an unjust enrichment theory, in an amount to be determined.  Based on the forgoing Decision, the arbitrator ordered the parties to the Tucker Litigation to submit supplementary briefing regarding their respective available remedies.

 

On April 15, 2024, the arbitrator heard the parties arguments on the supplementary briefing regarding remedies and ruled (i) 100% of the shares issued to Tucker as compensation under the Tucker Agreement be cancelled as a result of the Tucker Agreement being invalid and unenforceable and (ii) Tucker was entitled to unjust enrichment damages in an amount equal to the monthly fee under the Tucker Agreement for the period of engagement until the Company retained a licensed broker dealer to replace the services being performed under the Tucker Agreement.

 

As a result of the arbitrator’s decision with respect to remedies, the Company paid Tucker the amount of $375, calculated as $20,000 fee owed to Tucker, minus the $19,625 awarded to the Company.

 

 F-22

 

NOTE 13 — DISCONTINUED OPERATIONS

 

In accordance with the provisions of ASC 205-20, Presentation of Financial Statements, we have separately reported the liabilities of the discontinued operations in the consolidated balance sheets. The liabilities have been reflected as

discontinued operations in the consolidated balance sheets as of September 30, 2024 and December 31, 2023, and consist of the following:

 

Schedule of discontinued operations
		September 30, 2024				December 31, 2023
Current Liabilities of Discontinued Operations:
Accounts payable		$	49,159			$	49,159
Accrued expenses			6,923				6,923
Loans payable			11,011				11,011
Total Current Liabilities of Discontinued Operations:		$	67,093			$	67,093

 

NOTE 14 – SUBSEQUENT EVENTS

 

In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date of filing and has determined that it has the following material subsequent events to disclose in these consolidated financial statements.

 

On October 2, 2024 the Company issued a promissory note to ClearThink Capital Partners, LLC. The Company received $75,000. The note amount of $82,500 (includes $7,500 OID), bears interest at 10% and matures on December 2, 2024. Pursuant to the terms of the Notes, the Company issued ClearThink 2,000,000 shares of the Company’s common stock.

 

On October 2, 2024, the Company issued a promissory note to GS Capital Partners, LLC. The Company received $75,000. The note amount of $82,500 (includes $7,500 OID), bears interest at 10% and matures on December 2, 2024. Pursuant to the terms of the Notes, the Company issued GS Capital 2,000,000 shares of the Company’s common stock.

 

On October 14, 2024, ClearThink converted $50,000 of principal into 5,681,818 shares of common stock.

 

On November 4, 2024, GS Capital converted $20,000 and $3,610 of principal and interest, respectively, into 3,412,319 shares of common stock.

 

Subsequent to September 30, 2024, the Company issued 2,000,000 shares of common stock for services . The shares were valued at $0.0204, the closing stock price on the date of grant, for total non-cash expense of $40,800.

 

On November 13, 2024 (the “Closing Date”), Clean Vision Corporation’s (“Clean Vision” or the “Company”) wholly-owned subsidiary, Clean-Seas West Virginia, Inc. (the “Clean-Seas WV”), closed on the transactions set forth in that certain Credit Agreement (the “Credit Agreement”) between Clean-Seas WV and The Huntington National Bank, a national banking association (the “Lender”). Pursuant to the Credit Agreement, the Lender agreed to make a term loan (the “Term Loan”) to Clean-Seas WV in the amount of $15,000,000, with the proceeds to be used for costs and expenses associated with the development and construction of Clean-Seas WV’s recycling and processing facility located in Kanawha County, West Virginia.

 

Pursuant to the Credit Agreement, the proceeds of the Term Loan will be funded to Clean-Seas WV in two extensions (each, a “Credit Extension”) as follows: (i) the initial Credit Extension in the amount of $5,000,000 on the Closing Date; and (ii) the second Credit Extension in the amount of $10,000,000 upon the satisfaction or waiver of the conditions set forth in Section 4.2 of the Credit Agreement, including, but not limited to, the delivery to the Lender of an executed performance and payment bond issued by a surety company listed on the Federal Treasury List that is rated A or higher by A.M. Best in an amount equal to $15,000,000 naming the Lender as beneficiary. On the Closing Date, Clean-Seas WV paid an upfront fee in the amount of $75,000 to the Lender.

 

The Term Loan is evidenced by a promissory note (the “Term Note”) executed by Clean-Seas WV in favor of the Lender with interest due and payable on the 15^th calendar day of each month while any amount remains outstanding and the principal amount to be repaid in full on the maturity date of February 1, 2027. The Term Note bears interest at a rate per annum equal to Term SOFR (as defined in the Credit Agreement) plus 3.75% per annum. Upon the occurrence and during the continuance of an event of default, the interest rate applicable to the Term Note shall be equal to 2% per annum above the interest rate otherwise applicable (the “Default Rate”) and all such interest accrued at the Default Rate shall be due and payable on demand of the Lender.

 

 

 

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

 

Forward-Looking Statements

 

The information in this report contains forward-looking statements. All statements other than statements of historical fact made in this report are forward looking. In particular, the statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements. These forward-looking statements can be identified by the use of words such as “believes,” “estimates,” “could,” “possibly,” “probably,” anticipates,” “projects,” “expects,” “may,” “will,” or “should” or other variations or similar words. No assurances can be given that the future results anticipated by the forward-looking statements will be achieved. Forward-looking statements reflect management’s current expectations and are inherently uncertain. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, our actual results may differ significantly from management’s expectations. Should one or more of these uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those anticipated in these forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

 

You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this Quarterly Report on Form 10-Q or, in the case of documents referred to or incorporated by reference, the date of those documents.

 

The following discussion and analysis should be read in conjunction with our unaudited financial statements, included herewith. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment of our management.

 

Company Overview and Description of Business

 

Overview

 

Clean Vision is a new entrant in the clean energy and waste-to-value industries focused on clean technology and sustainability opportunities. By leveraging innovative technology, we aim to responsibly resolve environmental challenges by producing valuable products. Currently, we are focused on providing a solution to the plastic waste problem by converting the waste (feedstock) into saleable byproducts, such as precursors for new plastic products, hydrogen and other clean-burning fuels that can be used to generate clean energy. Using a technology known as pyrolysis, which heats the feedstock (i.e., plastic) at high temperatures in the absence of oxygen, so that the material does not burn, we are able to convert the feedstock into (i) clean fuels i.e. plastic pyrolysis oil, (ii) clean hydrogen (specifically, the Company’s branded clean hydrogen, AquaH^®, which trademark was issued by the USPTO on November 8, 2023 and published on November 28, 2023), and (iii) carbon char. We intend to generate revenue from the following sources: (i) service revenue from the recycling services we provide; (ii) revenue generated from the sale of commodities; (iii) revenue generated from the sale of environmental credits; and (iv) revenue generated from the sale of equipment. Our mission is to aid in solving the problem of cost-effectively upcycling the vast amount of plastic feedstock generated on land before it flows into the world’s oceans.

 

 

According to analysis and projections reported by the EIA on June 14, 2023, it is estimated that while annual demand growth is expected to drop from 2.4 million barrels per day (“mb/d”) due to a shift in focus to a clean energy economy, global oil demand will rise by 6% from 2022 to 2028, reaching 105.7 mb/d. The EIA also estimates that upstream investments in oil and gas exploration, extraction and production were on course to reach their highest levels since 2015, growing 11% year-on-year to $528 billion in 2023.

 

Additionally, as stated in the Hydrogen Generation Market Research published by Allied Market Research in September 2022, the global hydrogen generation market size was valued at $136.3 billion in 2021 and is expected to each $262 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031. The Hydrogen Generation Market Research explains that hydrogen plays a vital role in the chemicals and oil & gas industry, with major factors driving the hydrogen generation market growth mostly due to ongoing unprecedented revolutions under the net zero emissions scenario, where global output of hydrogen is expected to reach 200 metric tons in 2030 when it is estimated that around 70% of hydrogen production will be done through low carbon technologies. It is anticipated that by 2050, the production of hydrogen will increase to roughly 500 metric tons and that energy efficiency, electrification, renewable energy, hydrogen and hydrogen based fuels, and carbon, capture, utilization and storage are some of the major technology pillars to decarbonize the world energy system.

 

According to the research and analysis by Argonne published in the Journal of Cleaner Production on November 1, 2023, plastics are important products for the modern economy, reaching production of 367 and 56 million tons in the world and North America, respectively, in 2022. The Argonne research also states that as of November 2023, the plastic industry relied heavily on fossil resources with data suggesting that 6% of the global production of crude oil and natural gas liquids is devoted to the production of plastics and is expected to increase to 20% in 2050, resulting in higher waste generation. According to Argonne, while recycling could reduce reliance on fossil resources and waste generation in the plastic industry while converting post-use plastic into a resource, only 9% of the post-use plastic collected in the United States is mechanically recycled due to diverse economic, technical environmental and regulatory barriers.

 

Further, the Organization for Economic Cooperation and Development has suggested that global plastics use is projected to almost triple between 2019 and 2060, with estimates of an increase from 460 million tons to 1,231 million tons yearly.

 

We believe that in the near future, a significant growth sector of the economy will be in clean energy and sustainable products and services. This belief was a key factor in our shift in our business focus in May 2020 and our acquisition of Clean-Seas, Inc. (“Clean-Seas”), which became our wholly owned subsidiary on May 19, 2020. We believe that Clean-Seas has made significant progress in identifying and developing its business model around the clean energy and waste-to-value sectors.

 

Clean Vision was established in 2017 as a company focused on the acquisition of disruptive technologies that will impact the digital economy. The Company, which was formerly known as Byzen Digital Inc., changed its corporate name to Clean Vision on March 12, 2021.

  

All operations are currently being conducted through Clean-Seas. Clean-Seas acquired its first pyrolysis unit in November 2021 for use in a pilot project in India, which began operations in early May 2022. On April 23, 2023, Clean-Seas completed its acquisition of a fifty-one percent (51%) interest in EcoSynergie, which changed its name to Clean-Seas Morocco, LLC on such date. Clean-Seas Morocco began operations at its pyrolysis facility in Agadir, Morocco, in April 2023, which currently has capacity to convert 20 TPD of waste plastic through pyrolysis 

 

Available Information

 

All reports of the Company filed with the U.S. Securities and Exchange Commission (the “SEC” or the “Commission”) are available free of charge through the SEC’s website at www.sec.gov. In addition, the public may read and copy materials filed by the Company at the SEC’s Public Reference Room located at 100 F Street, N.E., Washington, D.C. 20549. The public may also obtain additional information on the operation of the Public Reference Room by calling the Commission at 1-800-SEC-0330.

 

Our principal executive offices are located at 2711 N. Sepulveda Blvd., Suite #1051, Manhattan Beach, CA 90266. Our telephone number is (424) 835-1845.

 

Our common stock is quoted on the OTCQB maintained by OTC Markets, Inc. under the symbol “CLNV”.

  

Results of Operations

 

Three Months Ended September 30, 2024 Compared to the Three Months Ended September 30, 2024

 

Revenue

 

For the three months ended September 30, 2024 and 2023, the Company recognized revenue of $34,799 and $26,908, respectively from our subsidiary Clean-Seas Morocco, an increase of $7,891 or 29.3%. Revenue from operations is generated from the processing of plastic waste material ("feedstock") at our plant in Agadir, Morocco. The plastic feedstock is put through a pyrolysis system which applies pressure and heat, in the absence of oxygen (no incineration), converting the plastic back to its petroleum form. The revenue was generated from selling the output product, "pyrolysis oil," to a local oil and gas wholesaler in Morocco, called the "off-taker". We receive the plastic feedstock in Agadir at $0 cost, but variable expenses include labor, land lease, and overhead such as insurance.  

  

Consulting Expense

 

For the three months ended September 30, 2024 and 2023, we had consulting expenses of $230,819 and $389,925, respectively, a decrease of $159,106 or 40.8%. The decrease is primarily due to fewer shares of common stock issued for services in the current period. In the prior period we issued stock for services for non-cash consulting expense of approximately $158,000.

 

Advertising and Promotion Expense

 

For the three months ended September 30, 2024 and 2023, we had advertising and promotion expenses of $30,109 and $0, respectively. The Company has been actively increasing its marketing activities 2024.

 

Development Expense

 

For the three months ended September 30, 2024 and 2023, we had development expenses of $172,525 and $0, respectively. Development expenses have and will continue to increase with the development of our PCN facility in West Virginia.

 

Professional Fees

 

For the three months ended September 30, 2024 and 2023, we had professional fees of $36,399 and $79,527, respectively. In the current period both our legal and audit fees decreased.

 

Payroll Expense

 

For the three months ended September 30, 2024 and 2023, we had payroll expenses of $337,378 and $217,806, respectively, an increase of $119,572 or 55%.  The increase is due to additional employees in the current period compared to the prior period.

 

Director Fees

 

For the three months ended September 30, 2024 and 2023, we had director fees of $23,500 and $13,500, respectively, an increase of $10,000 or 74.1%. One new director was added  to the Company in 2024.

 

General and Administrative expense

For the three months ended September 30, 2024 and 2023, we had G&A expenses of $127,125 and $401,845, respectively, a decrease of $274,720 or 68.4%. In the current period we have had to decrease spending while the Company pursues financing opportunities.

 

Other Income and Expense

 

For the three months ended September 30, 2024 and 2023, we had total other expense of $673,746 compared to total other income of $68,473, respectively In the current period we recognized $604,056 of interest expense, of which $529,041 was amortization of debt discount, a gain in the change in fair value of derivative of $114,413, a gain on the conversion of debt of $35,698 and penalty expense for default on a convertible note of $219,801. For the three months ended September 30, 2023, we had total other income of $68,473 compared to total other expense of $22,791 for the three months ended September 30, 2022. In the current period we recognized $1,590,647 of interest expense, of which $1,532,111 was amortization of debt discount, a gain in the change in fair value of derivative of $1,038,342 and a gain on the conversion of debt of $620,778. 

 

Net Loss

 

Net loss for the three months ended September 30, 2024 and 2023, was $1,552,709 (after deducting $46,240 for the non-controlling interest) and $1,047,330, respectively. 

. 

Nine Months Ended September 30, 2024 Compared to the Nine Months Ended September 30, 2023

 

Revenue

 

For the nine months ended September 30, 2024 and 2023, the Company recognized revenue of $107,946 and $188,205, respectively from our subsidiary Clean-Seas Morocco. The decrease in revenue to due to a technical issue with the equipment in Morocco resulting in the plant needing to be shut down while repairs were being made. Revenue from operations is generated from the processing of plastic waste material ("feedstock") at our plant in Agadir, Morocco. The plastic feedstock is put through a pyrolysis system which applies pressure and heat, in the absence of oxygen (no incineration), converting the plastic back to its petroleum form. The revenue was generated from selling the output product, "pyrolysis oil," to a local oil and gas wholesaler in Morocco, called the "off-taker". We receive the plastic feedstock in Agadir at $0 cost, but variable expenses include labor, land lease, and overhead such as insurance.  

  

Consulting Expense

 

For the nine months ended September 30, 2024 and 2023, we had consulting expenses of $837,764 and $1,084,423, respectively, a decrease of $246,659 or 22,7%. The decrease is due to both fewer shares of common stock issued for services and no longer using certain consultants during the current period.

 

Advertising and Promotion Expense

 

For the nine months ended September 30, 2024 and 2023, we had advertising and promotion expenses of $90,820 and $0, respectively. The Company has been actively increasing its marketing activities 2024.

 

Development Expense

 

For the nine months ended September 30, 2024 and 2023, we had development expenses of $221,896 and $0, respectively. Development expenses have and will continue to increase with the development of our PCN facility in West Virginia.

 

Professional Fees

 

For the nine months ended September 30, 2024 and 2023, we had professional fees of $359,049 and $621,087, respectively, a decrease of $262,038 or 42.2%. The decrease is mostly due to a decrease in legal fees during the period.

 

Payroll Expense

 

For the nine months ended September 30, 2024 and 2023, we had payroll expenses of $967,816 and $750,070, respectively, an increase of $217,746 or 29%. The increase is due to the additional hiring of employee for Clean Seas.

 

Director Fees

 

For the nine months ended September 30, 2024 and 2023, we had director fees of $65,495 and $101,500, respectively, a decrease of $36,008 or 35.5%. In the prior period we issued 500,000 shares of common stock to a new director for total non-cash compensation expense of $61,000. In April of 2024 we hired an additional director.

 

General and Administrative expense

For the nine months ended September 30, 2024 and 2023, we had G&A expenses of $789,589 and $1,162,648, respectively, a decrease of $373,059 or 32.1%. In the current period we have had to decrease spending while the Company pursues financing opportunities.

 

Other Income and Expense

 

For the nine months ended September 30, 2024 and 2023, we had total other expense of $2,469,527 and $2,902,745, respectively In the current period we recognized $2,970,618 of interest expense, of which $2,637,053 was amortization of debt discount, a loss of $357,140 for the issuance of convertible debt, a gain in the change in fair value of derivative of $825,903, a gain on the extinguishment of debt of $216,430. We also had penalty expense for default on a convertible note of $219,801. For the nine months ended September 30, 2023, we had total other expense of $2,902,745 compared to $241,739 for the nine months ended September 30, 2022. In the current period we recognized $3,299,800 of interest expense, of which $3,169,050 was amortization of debt discount and a loss on debt issuance of $2,676,526. This was offset with a gain of $881,660 for the conversion of debt, $17,500 from extinguishment of debt and a gain in the change in fair value of derivative of $2,174,421.

 

Net Loss

 

Net loss for the nine months ended September 30, 2024 and 2023, was $5,538,238 (after deducting $167,039 for the non-controlling interest) and $6,474,944, respectively. 

 

Liquidity and Capital Resources

 

Cash Flow from Operating Activities

 

During the nine months ended September 30, 2024 and 2023, we used $1,512,095 and $3,412,108 of cash used in operating activities. During the current period, we incurred a net loss of $5,705,277, adjusted by $2,555,420 for non-cash items and $1,637,762 in adjustments for changes in assets and liabilities. $3,412,108 of cash in operating activities, which included $3,626,965 for non-cash items and $582,532 for operating activities.

 

Cash Flow from Investing Activities

 

During the nine months ended September 30, 2024, we used $178,478 for the purchase of property and equipment. During the nine months ended September 30, 2023, we used $2,000,000 for prepayment for the acquisition of Morocco-based Ecosynergie Group.

 

Cash Flow from Financing Activities

 

During the nine months ended September 30, 2024, we had net cash received of $1,343,697. We received $1,358,500 of proceeds from convertible notes, $200,000 proceeds from the sale of Common Stock, $42,152 from other notes payable. Cash received was offset by repayment of $314,285 of a convertible note payable and a cash overdraft of $57,330. In the prior period we received $4,809,500 from a convertible note payable, $42,500 from a note payable, $5,000 from our CEO, and $533,000 from the sale of our common stock. We also received $1,750,000 for a long-term liability. We repaid $32,910 of the loans owed to related parties, $270,000 of a convertible note and $72,780 on other notes payable.  

 

Going Concern

 

The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern basis, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. For the nine months ended September 30, 2024, the Company had a working capital deficit of $13,680,981, an accumulated deficit of $40,370,138 and net loss of $5,705,277. The Company has not yet established a source of revenue sufficient to cover its operating costs and has incurred net losses since inception. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The Company’s ability to raise additional capital through the future issuances of common stock and/or debt financing is unknown.

 

 

The Company believes that its current cash on hand will not be sufficient to fund its projected operating requirements for the next twelve months since the date of this Quarterly Report on Form 10-Q.

 

Management plans to continue to implement its business plan and to fund operations by raising additional capital through the issuance of debt and equity securities. The Company’s existence is dependent upon management's ability to implement its business plan and/or obtain additional funding. There can be no assurance that the Company’s financing efforts will result in profitable operations or the resolution of the Company's liquidity problems. Even if the Company is able to obtain additional financing, it may include undue restrictions on our operations in the case of debt or cause substantial dilution for our stockholders in the case of equity financing. These conditions and the ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern for the next twelve-month period since the date of this Quarterly Report on Form 10-Q.

 

Off Balance Sheet Arrangements

 

The Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on its financial condition, changes in financial condition, sales or expenses, results of operations, liquidity or capital expenditures, or capital resources that are material to an investment in its securities.

 

Capital Raising Transactions

 

Proceeds from Notes Payable

 

We generated net proceeds of $1,358,500 from the issuance of convertible notes during the nine months ended September 30, 2024.

 

Other outstanding obligations at September 30, 2024

 

Convertible Notes Payable

 

The Company has convertible promissory notes aggregating $5,215,483 (not including debt discounts) outstanding at September 30, 2024. The accrued interest amounted to approximately $404,000 as of September 30, 2024. The convertible notes payable bear interest at rates ranging between 5% and 12% per annum.

 

Critical Accounting Policies

 

See the Company’s discussion under Note 2 - Summary of Significant Accounting Policies in its financial statements.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

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

 

ITEM 4. CONTROLS AND PROCEDURES

 

During the quarter ended September 30, 2024, we carried out an evaluation, under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, using the Internal Control - Integrated Framework (2013) developed by the Committee of Sponsoring Organizations of the Treadway Commission, of the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)). Based upon that evaluation, our principal executive officer and principal financial officer concluded that, as of the end of the period covered in this report, our disclosure controls and procedures were not effective to ensure that information required to be disclosed in reports filed under the Securities Exchange Act of 1934, as amended, are recorded, processed, summarized and reported within the required time periods specified in the Commission’s rules and forms and is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

 

 

Our principal executive officer and principal financial officer, do not expect that our disclosure controls and procedures or our internal controls will prevent all error or fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Due to 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, have been detected.

 

Changes in Internal Control over Financial Reporting

 

There have been no changes in our internal controls over financial reporting that occurred during the quarter ended September 30, 2024 that have materially or are reasonably likely to materially affect, our internal controls over financial reporting

  

PART II - OTHER INFORMATION

 

ITEM 1. LEGAL PROCEEDINGS

 

Presently, except as described below, there are not any material pending legal proceedings to which the Company is a party or as to which any of its property is subject, and no such proceedings are known to the Company to be threatened or contemplated against it.

 

On January 30, 2023, Leonard Tucker, LLC (“Tucker”), one of the holders of the Company’s Series B Convertible Non-Voting Preferred Stock (the “Series B Preferred Stock”) filed an action against the Company (the “Tucker Litigation”) in the Second Judicial District Court of the State of Nevada (Case No. CV23-00188) alleging breach of contract, breach of implied covenant of good faith and fair dealing, unjust enrichment, specific performance and declaratory relief (the “Tucker Complaint”). The Tucker Litigation arose from the 3-year Consulting Agreement the Company entered into with Tucker on December 17, 2020 (the “Tucker Agreement”), whereby Tucker agreed to perform certain strategic and business development services to the Company in exchange for 2,000,000 shares of Series B Preferred Stock and a consulting fee of $20,000 per month. The 2,000,000 shares of Series B Preferred Stock automatically converted into 20,000,000 shares of the Company’s common stock (the “Common Stock”) on January 1, 2023. 

 

The Company’s Transfer Agent was instructed to not issue the shares of Common Stock because of the ongoing dispute between the Company and Tucker regarding Tucker’s ability to perform under the Tucker Agreement due to, among other things, the action filed by the SEC against Profile Solutions, Inc., Dan Oran and Tucker on September 9, 2022 in the United States District Court Southern District of Florida (Case No. 1:22-cv-22881) alleging, among other things, that Tucker violated Section 17(a)(1) and 17(a)(3) of the Securities Act of 1933, as amended (the “Securities Act”) and aided and abetted violations of Section 10(b) and Rule 10-b5 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Tucker is seeking, among other things, that the Company issue the shares of Common Stock issuable upon conversion of the Series B Preferred Stock pursuant to the Tucker Agreement. The Company is contesting all of the allegations set forth in the Tucker Complaint. On February 24, 2023, the Company removed the Tucker Litigation to the United States District of Nevada (Case No. 2:23-cv-00296).

 

On February 27, 2023, the Company filed counterclaims against Tucker and its principal, Leonard Tucker (the “Company Complaint”), wherein the Company sought a judgment against Tucker declaring the Tucker Agreement unenforceable and invalid, as well as damages related to its claims for breach of contract, breach of the implied covenant of good faith and fair dealing, fraud, and breach of duty against both Tucker and its principal. On March 10, 2023, the parties subsequently stipulated to stay the Tucker Litigation to attend binding arbitration. On January 31, 2024, the arbitrator entered an interim award in favor of the Company related to a discovery dispute in the arbitration for the sum of $19,625.00. 

 

On January 25, 2024, the arbitrator entered her decision (the “Decision”) regarding the parties’ relative liability in the Tucker Litigation. Overall, the Decision concluded that the Company substantially prevailed on its claims, counterclaims, and defenses in the Tucker Litigation. First, the Decision concluded that the Company prevailed on its claim that the Tucker Agreement is invalid and unenforceable; and further concluded that the Company prevailed against Tucker on each of Tucker’s causes of action based on the Tucker Agreement, including Tucker’s claims for breach of contract, breach of the breach of the implied covenant of good faith and fair dealing, specific performance, and declaratory relief. Second, the Decision concluded no fraud or breach of duty with respect to Tucker and its principal; and further concluded that Tucker may be entitled to retain the compensation paid by the Company for its services under an unjust enrichment theory, in an amount to be determined.  Based on the forgoing Decision, the arbitrator ordered the parties to the Tucker Litigation to submit supplementary briefing regarding their respective available remedies.

 

 

On April 15, 2024, the arbitrator heard the parties arguments on the supplementary briefing regarding remedies and ruled (i) 100% of the shares issued to Tucker as compensation under the Tucker Agreement be cancelled as a result of the Tucker Agreement being invalid and unenforceable and (ii) Tucker was entitled to unjust enrichment damages in an amount equal to the monthly fee under the Tucker Agreement for the period of engagement until the Company retained a licensed broker dealer to replace the services being performed under the Tucker Agreement.

 

As a result of the arbitrator’s decision with respect to remedies, the Company paid Tucker the amount of $375, calculated as $20,000 fee owed to Tucker, minus the $19,625 awarded to the Company.

 

ITEM 1A. RISK FACTORS

 

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

 

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

 

During the nine-month period ended September 30, 2024, the Company did not issue any shares not previously reported in a Current Report on Form 8-K.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

 

None.

 

ITEM 4. MINE SAFETY DISCLOSURES

 

Not applicable.

 

ITEM 5. OTHER INFORMATION

 

None.

 

ITEM 6. EXHIBITS

 

Exhibit Number		Exhibit Description
3.1		Amended and Restated Bylaws effective March 4, 2024 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed with the SEC on March 8, 2024)
4.1		Convertible Amortization Note Issued on February 12, 2024 (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed with the SEC on February 16, 2024)
4.2		Promissory Note dated February 15, 2024 (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed with the SEC on March 4, 2024)
4.3		Senior Convertible Note dated March 25, 2024 (insixcorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed with the SEC on March 29, 2024)
4.4		Warrant to Purchase Common Stock dated March 25, 2024 (incorporated by reference to Exhibit 4.2 to the Company’s Current Report on Form 8-K filed with the SEC on March 29, 2024)
4.5		Amended and Restated Senior Convertible Note dated March 25, 2024 (incorporated by reference to Exhibit 4.3 to the Company’s Current Report on Form 8-K filed with the SEC on March 29, 2024)
4.6		Amended and Restated Warrant to Purchase Common Stock dated March 25, 2024 (incorporated by reference to Exhibit 4.4 to the Company’s Current Report on Form 8-K filed with the SEC on March 29, 2024)
10.1		Securities Purchase Agreement by and between the Company and Fred Sexton effective January 17, 2024 (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on January 23, 2024)
10.2		Securities Purchase Agreement by and between the Company and Clearthink Capital Partners, LLC dated February 12, 2024 (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on February 16, 2024)
10.3		STRATA Purchase Agreement by and between the Company and Clearthink Capital Partners, LLC dated February 12, 2024 (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the SEC on February 16, 2024)
10.4		Securities Purchase Agreement by and between the Company and Trillium Partners L. dated February 15, 2024 (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on March 4, 2024)
10.5		Securities Purchase Agreement dated March 25, 2024 (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on March 29, 2024)
10.6		Registration Rights Agreement dated March 25, 2024 ((incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the SEC on March 29, 2024)
31.1*		Certification of Chief Executive Officer, pursuant to Rule 13a-14(a) of the Exchange Act, as enacted by Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)
31.2*		Certification of Chief Financial Officer, pursuant to Rule 13a-14(a) of the Exchange Act, as enacted by Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)
32*		Certification of Chief Executive Officer and Chief Financial Officer, pursuant to 18 United States Code Section 1350, as enacted by Section 906 of the Sarbanes-Oxley Act of 2002
101.INS		Inline XBRL Instance Document.
101.SCH		Inline XBRL Taxonomy Extension Schema Document.
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

   

 *Filed herewith

 

 

SIGNATURES

 

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

 

 

Date: November 19, 2024	By:	/s/ Daniel Bates
	Name:	Daniel Bates
	Title:	Chief Executive Officer
		(Principal Executive Officer)
Date: November 19, 2024	By:	/s/ Rachel Boulds
	Name:	Rachel Boulds
	Title:	Chief Financial Officer
		(Principal Financial and Accounting Officer)

 

 

 

 

 

 

Exhibit 31.1

 

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350, 

AS ADOPTED PURSUANT TO SECTION 302 OF
THE SARBANES-OXLEY ACT OF 2002

 

I, Daniel Bates, Chief Executive Officer of Clean Vision Corporation (the “Registrant”) certify that:

 

1. I have reviewed this quarterly report on Form 10-Q for the quarter ended September 30, 2024 of the Registrant;

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

(b) Any fraud, whether material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

 

Dated: November 19, 2024

 

By:	/s/ Daniel Bates
	Daniel Bates Chief Executive Officer (Principal Executive Officer)

 

Exhibit 31.2

 

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350, 

AS ADOPTED PURSUANT TO SECTION 302 OF
THE SARBANES-OXLEY ACT OF 2002

 

I, Rachel Boulds, Chief Financial Officer of Clean Vision Corporation (the “Registrant”) certify that:

 

1. I have reviewed this quarterly report on Form 10-Q for the quarter ended September 30, 2024 of the Registrant;

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

(b) Any fraud, whether material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

 

Dated: November 19, 2024

 

By:	/s/ Rachel Boulds
	Rachel Boulds
	Chief Financial Officer  (Principal Financial and Accounting Executive)

 

 

Exhibit 32

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES—OXLEY ACT OF 2002

 

In connection with the Quarterly Report of Clean Vision Corporation (the “Company”) on Form 10-Q for the six months ended September 30, 2024 as filed with the United States Securities and Exchange Commission on the date hereof (the “Report”), I, Daniel Bates, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Sec.1350, adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 that to my knowledge:

 

(1)

The Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934; and

 

(2)

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company at the dates and for the periods indicated.

 

Date: November 19, 2024

 

By:	/s/ Daniel Bates
	Daniel Bates Chief Executive Officer
	(Principal Executive)

 

In connection with the Quarterly Report of Clean Vision Corporation (the Company”) on Form 10-Q for the six months ended September 30, 2024 as filed with the United States Securities and Exchange Commission on the date hereof (the “Report”), I, Rachel Boulds, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Sec.1350, adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 that to my knowledge:

 

(1) The Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934; and

 

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company at the dates and for the periods indicated.

 

Date: November 19, 2024

 

By:	/s/ Rachel Boulds
	Rachel Boulds Chief Financial Officer (Principal Financial and Accounting Executive)

 

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Clean Vision Corporation and will be retained by Clean Vision Corporation and furnished to the United States Securities and Exchange Commission or its staff upon request.

 

v3.24.3

Cover - shares	9 Months Ended
	Sep. 30, 2024	Nov. 18, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	024-11501
Entity Registrant Name	CLEAN VISION CORPORATION
Entity Central Index Key	0001391426
Entity Tax Identification Number	85-1449444
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	2711 N. Sepulveda Blvd. #1051
Entity Address, City or Town	Manhattan Beach
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90266
City Area Code	424
Local Phone Number	835-1845
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		807,923,773

v3.24.3

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current Assets:
Cash	$ 4,180	$ 339,921
Prepaids and other assets	418,322	366,812
Accounts receivable	8,152	70,745
Loan receivable	70,000	70,000
Trading securities	5,263	5,069
Total Current Assets	505,917	852,547
Property and equipment	4,928,359	4,883,566
Goodwill	4,854,622	4,854,622
Total Assets	10,288,898	10,590,735
Current Liabilities:
Cash overdraft	410,489	353,159
Accounts payable	1,412,696	758,038
Accrued compensation	746,514	344,015
Accrued expenses	782,924	546,392
Convertible note payable, net of discount of $782,889 and $1,701,403, respectively	4,432,594	2,779,199
Derivative liability	251,721	598,306
Loans payable	822,808	780,656
Related party payables	760,059	549,946
Loans payables – related party	4,500,000	4,500,000
Liabilities of discontinued operations	67,093	67,093
Total current liabilities	14,186,898	11,276,804
Economic incentive (Note 12)	1,750,000	1,750,000
Total Liabilities	15,936,898	13,026,804
Commitments and contingencies
Mezzanine Equity:
Total mezzanine equity		1,800,000
Stockholders' Deficit:
Preferred stock, value
Common stock, $0.001 par value, 2,000,000,000 shares authorized, 798,511,454 and 682,463,425 shares issued and outstanding, respectively	798,512	682,464
Common stock to be issued	298,000	217,775
Additional paid-in capital	32,324,443	28,238,505
Accumulated other comprehensive loss	13,306	2,171
Accumulated deficit	(40,370,138)	(34,831,900)
Non-controlling interest	1,285,877	1,452,916
Total stockholders' deficit	(5,648,000)	(4,236,069)
Total liabilities and stockholders' deficit	10,288,898	10,590,735
Series B Preferred Stock [Member]
Mezzanine Equity:
Total mezzanine equity		1,800,000
Series A Preferred Stock [Member]
Stockholders' Deficit:
Preferred stock, value
Series C Preferred Stock [Member]
Stockholders' Deficit:
Preferred stock, value	$ 2,000	$ 2,000

v3.24.3

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Convertible note payable, net of discount	$ 782,889	$ 1,701,403
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	4,000,000	4,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common stock, shares, issued	798,511,454	682,463,425
Common stock, shares outstanding	798,511,454	682,463,425
Series B Preferred Stock [Member]
Temporary stock, par value	$ 0.001	$ 0.001
Temporary stock, shares authorized	2,000,000	2,000,000
Temporary stock, shares issued	0	2,000,000
Temporary stock, shares outstanding	0	2,000,000
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series C Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	2,000,000	2,000,000
Preferred stock, shares outstanding	2,000,000	2,000,000

v3.24.3

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenue	$ 34,799	$ 26,908	$ 107,946	$ 188,205
Cost of revenue	2,149	(11,589)	11,264	22,273
Gross margin	32,650	38,497	96,682	165,932
Operating Expenses:
Consulting	230,819	389,925	837,764	1,084,423
Advertising and promotion	30,109		90,825
Development expense	172,523		221,896
Professional fees	36,399	79,527	359,049	621,087
Payroll expense	337,378	217,806	967,816	750,070
Director fees	23,500	13,500	65,492	101,500
General and administration expenses	127,125	401,845	789,589	1,162,648
Total operating expense	957,853	1,102,603	3,332,431	3,719,728
Loss from Operations	(925,203)	(1,064,106)	(3,235,749)	(3,553,796)
Other income (expense):
Interest expense	(604,056)	(1,590,647)	(2,970,618)	(3,299,800)
Change in fair value of derivative	114,413	1,038,342	825,903	2,174,421
Loss on debt issuance			(357,140)	(2,676,526)
Gain on conversion of debt	35,698	620,778	35,698	881,660
Gain on extinguishment of debt			216,430	17,500
Penalty expense on convertible debt	(219,801)		(219,801)
Total other income (expense)	(673,746)	68,473	(2,469,528)	(2,902,745)
Net loss before provision for income tax	(1,598,949)	(995,633)	(5,705,277)	(6,456,541)
Provision for income tax expense
Net loss	(1,598,949)	(995,633)	(5,705,277)	(6,456,541)
Net income (loss) attributed to non-controlling interest	46,240	(51,697)	167,039	(18,403)
Net loss attributed to Clean Vision Corporation	(1,552,709)	(1,047,330)	(5,538,238)	(6,474,944)
Other comprehensive income:
Foreign currency translation adjustment	13,529	(16,404)	11,135	(33,462)
Comprehensive loss	$ (1,539,180)	$ (1,063,734)	$ (5,527,103)	$ (6,508,406)
Loss per share - basic	$ (0.00)	$ (0.00)	$ (0.01)	$ (0.01)
Loss per share - diluted	$ (0.00)	$ (0.00)	$ (0.01)	$ (0.01)
Weighted average shares outstanding - basic	746,302,675	495,274,326	712,831,938	466,596,880
Weighted average shares outstanding - diluted	746,302,675	495,274,326	712,831,938	466,596,880

v3.24.3

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($)	Series A Preferred Stocks [Member]	Series C Preferred Stocks [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Common Stock To Be Issued [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2022		$ 2,000	$ 402,197	$ 15,203,394	$ 76,911	$ 16,670	$ (19,078,809)		$ (3,377,637)
Beginning balance, shares at Dec. 31, 2022		2,000,000	402,196,273
Stock dividend			$ 21,817	1,461,711			(1,483,528)
Stock dividend, shares			21,816,590
Stock issued for services – related party			$ 500	60,500					61,000
Stock issued for services - related party, shares			500,000
Stock issued for services			$ 4,950	350,425	39,334				394,709
Stock issued for services, shares			4,950,000
Stock issued for cash			$ 16,750	318,250					335,000
Stock issued for cash, shares			16,750,000
Stock issued for debt conversion			$ 19,286	366,437					385,723
Stock issued for debt conversion, shares			19,286,137
Debt issuance cost – warrants issued				1,321,698					1,321,698
Shares cancelled			$ (3,000)	3,000
Shares cancelled, shares			(3,000,000)
Net loss						(1,541)	(2,701,002)		(2,702,543)
Ending balance, value at Mar. 31, 2023		$ 2,000	$ 462,500	19,085,415	116,245	15,129	(23,263,339)		(3,582,050)
Ending balance, shares at Mar. 31, 2023		2,000,000	462,499,000
Adjust stock dividend shares
Adjust stock dividend shares, shares			(16)
Stock issued for services			$ 500	31,900	(27,474)				4,926
Stock issued for services, shares			500,000
Stock issued for debt conversion			$ 25,450	949,650					975,100
Stock issued for debt conversion, shares			25,450,000
Debt issuance cost – warrants issued				1,348,364					1,348,364
Settlement of debt-related party				96,250					96,250
Net loss						(15,517)	(2,759,906)	(33,294)	(2,808,717)
Ending balance, value at Jun. 30, 2023		$ 2,000	$ 488,450	21,571,369	88,771	(388)	(26,023,245)	(33,294)	(3,906,337)
Ending balance, shares at Jun. 30, 2023		2,000,000	488,448,984
Stock sold for cash					198,000				198,000
Stock issued for services			$ 32,930	561,134	15,781				609,845
Stock issued for services, shares			32,930,000
Stock issued for debt conversion			$ 77,725	1,362,775					1,440,500
Stock issued for debt conversion, shares			77,725,000
Shares issued for settlement			$ 4,500	(4,500)
Shares issued for settlement, shares			4,500,000
Net loss						(16,404)	(995,633)	51,697	(960,340)
Ending balance, value at Sep. 30, 2023		$ 2,000	$ 603,605	23,490,778	302,552	(16,792)	(27,018,878)	18,403	(2,618,332)
Ending balance, shares at Sep. 30, 2023		2,000,000	603,603,984
Beginning balance, value at Dec. 31, 2023		$ 2,000	$ 682,464	28,238,505	217,775	2,171	1,452,916	(34,831,900)	(4,236,069)
Beginning balance, shares at Dec. 31, 2023		2,000,000	682,463,425
Stock issued for services			$ 456	15,544	261,772				277,772
Stock issued for services, shares			455,840
Stock issued for debt commitments			$ 5,600	196,560					202,160
Stock issued for debt commitments, shares			5,600,000
Stock issued for cash			$ 5,000	95,000					100,000
Stock issued for cash, shares			5,000,000
Stock issued for warrant exercise			$ 2,182	(2,182)
Stock issued for warrant exercise, shares			2,181,818
Debt issuance cost – warrants issued				575,690					575,690
Net loss						(2,168)	(39,928)	(2,161,032)	(2,203,128)
Ending balance, value at Mar. 31, 2024		$ 2,000	$ 695,702	29,119,117	479,547	3	1,412,988	(36,992,932)	(5,283,575)
Ending balance, shares at Mar. 31, 2024		2,000,000	695,701,083
Stock issued for services			$ 10,000	206,000					216,000
Stock issued for services, shares			10,000,000
Stock issued for debt commitments			$ 435	19,340	(11,775)				8,000
Stock issued for debt commitments, shares			435,012
Stock issued for conversion of debt			$ 9,520	109,286					118,806
Stock issued for conversion of debt, shares			9,520,088
Cancellation of mezzanine equity				1,800,000					1,800,000
Net loss						(226)	(80,871)	(1,824,497)	(1,824,497)
Ending balance, value at Jun. 30, 2024		$ 2,000	$ 715,657	31,253,743	467,772	(223)	1,332,117	(38,817,429)	(5,046,363)
Ending balance, shares at Jun. 30, 2024		2,000,000	715,656,183
Stock issued for services			$ 9,010	260,762	(269,772)
Stock issued for services, shares			9,010,370
Stock sold from cash					100,000				100,000
Stock issued for conversion of debt			$ 73,845	809,938					883,783
Stock issued for conversion of debt, shares			73,844,901
Net loss						13,529	(46,240)	(1,552,709)	(1,585,420)
Ending balance, value at Sep. 30, 2024		$ 2,000	$ 798,512	$ 32,324,443	$ 298,000	$ 13,306	$ 1,285,877	$ (40,370,138)	$ (5,648,000)
Ending balance, shares at Sep. 30, 2024		2,000,000	798,511,454

v3.24.3

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash Flows from Operating Activities:
Net loss	$ (5,705,277)	$ (6,456,541)
Adjustments to reconcile net loss to net cash used by operating activities:
Stock issued for services	285,772	1,009,480
Stock issued for services – related party		61,000
Debt discount amortization	2,637,053	2,953,540
Loss on issuance of debt	357,140	2,676,526
Change in fair value of derivative	(825,903)	(2,174,421)
Gain on conversion of debt	(35,698)	(881,660)
Gain on extinguishment of debt	(216,430)	(17,500)
Penalty expense on convertible debt	219,801
Depreciation expense	133,685
Changes in operating assets and liabilities:
Prepaids and other assets	(51,704)	(230,754)
Accounts receivable	62,593	(160,736)
Accounts payable	654,658	(152,808)
Accruals	339,603	164,385
Related-party payables - short-term	210,113
Accrued compensation	422,499	(202,619)
Net cash used by operating activities	(1,512,095)	(3,412,108)
Cash Flows from Investing Activities:
Prepaid for acquisition		(2,000,000)
Purchase of property and equipment	(178,478)
Net cash used by investing activities	(178,478)	(2,000,000)
Cash Flows from Financing Activities:
Cash overdraft acquired in acquisition		(11,093)
Cash Overdraft	57,330
Proceeds from convertible notes payable	1,358,500	4,809,500
Payments - convertible notes payable	(314,285)	(270,000)
Proceeds from the sale of common stock	200,000	533,000
Proceeds from notes payable - related party		5,000
Repayment of related party loans		(32,910)
Proceeds from notes payable	42,152	42,500
Proceeds from long term note payable		1,750,000
Payments - notes payable		(72,780)
Net cash provided by financing activities	1,343,697	6,753,217
Net change in cash	(346,876)	1,341,109
Effects of currency translation	11,135	(33,462)
Cash at beginning of period	339,921	10,777
Cash at end of period	4,180	1,318,424
Supplemental schedule of cash flow information:
Interest paid
Income taxes
Supplemental non-cash disclosure:
Common stock issued for conversion of debt	709,133	2,538,174
Warrants issued with notes payable	575,690
Cancellation of Series B preferred stock	1,800,000
Stock issued for debt commitments	418,160
Note payable issued for acquisition		$ 4,500,000

v3.24.3

ORGANIZATION AND NATURE OF BUSINESS	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND NATURE OF BUSINESS	NOTE 1 — ORGANIZATION AND NATURE OF BUSINESS   Clean Vision Corporation (“Clean Vision,” “we,” “us,” or the “Company”) is a new entrant in the clean energy and waste-to-energy industries focused on clean technology and sustainability opportunities.  Currently, we are focused on providing a solution to the plastic and tire waste problem by recycling the waste and converting it into saleable byproducts, such as hydrogen and other clean-burning fuels that can be used to generate clean energy. Using a technology known as pyrolysis, which heats the feedstock (i.e., plastic) at high temperatures in the absence of oxygen so that the material does not burn, we are able to turn the feedstock into (i) low sulfur fuel, (ii) clean hydrogen and (iii) carbon black or char (char is created when plastic is used as feedstock). Our goal is to generate revenue from three sources: (i) service revenue from the recycling services we provide (ii) revenue generated from the sale of the byproducts; and (iii) revenue generated from the sale of fuel cell equipment.  Our mission is to aid in solving the problem of cost-effectively upcycling the vast amount of waste plastic generated on land before it flows into the world’s oceans.   All operations are currently being conducted through Clean-Seas, a wholly-owned subsidiary. Clean-Seas acquired its first pyrolysis unit in November 2021 for use in a pilot project in India, which began operations in early May 2022. On April 23, 2023, Clean-Seas completed its acquisition of a fifty-one percent (51%) interest in Ecosynergie, which changed its name to Clean-Seas Morocco, LLC. Clean-Seas Morocco began operations at its pyrolysis facility in Agadir, Morocco, in April 2023, which currently has capacity to convert 20 TPD of waste plastic through pyrolysis.   We believe that our current projects will showcase our ability to pyrolyze waste plastic (using pyrolysis), which will generate three byproducts: (i) low sulfur fuel, (ii) clean hydrogen, AquaHtm, and (iii) char. We intend to sell the majority of the byproducts, while retaining a small amount of the low sulfur fuels and/or hydrogen to power our facilities and equipment. To date, our operations in India have not generated any revenue.   Clean-Seas India Private Limited was incorporated on November 17, 2021, as a wholly owned subsidiary of Clean-Seas.   Clean-Seas, Abu Dhabi PVT. LTD was incorporated in Abu Dhabi on December 9, 2021, as a wholly owned subsidiary of the Company. On January 19, 2022, the Company changed the name of its wholly owned subsidiary, Clean-Seas, Abu Dhabi PVT. LTD, to Clean-Seas Group. As of July 4, 2022, the Clean-Seas Group had ceased operations.   Endless Energy, Inc. (“Endless Energy”) was incorporated in Nevada on December 10, 2021, as a wholly owned subsidiary of the Company. EndlessEnergy was incorporated for the purpose of investing in wind and solar energy projects but does not currently have any operations.   EcoCell, Inc. ("EcoCell”) was incorporated on March 4, 2022, as a wholly owned subsidiary of the Company. EcoCell does not currently have any operations, but we intend to use EcoCell for the purpose of licensing fuel cell patented technology.   Clean-Seas Arizona, Inc. (“Clean-Seas Arizona”) was incorporated in Arizona on September 19, 2022, as a wholly owned subsidiary of Clean-Seas. Pursuant to that certain Memorandum of Understanding signed on November 4, 2022, Arizona State University (ASU) and the Rob and Melani Walton Sustainability Solution Services (WS3), the parties intend for Clean-Seas Arizona to establish a plastic feedstock to clean hydrogen conversion facility to be located in Phoenix, Arizona. In furtherance of these goals, and pursuant to a Services Agreement (the “Arizona Services Agreement”) signed on June 12, 2023, with ASU and WS3, this facility is currently intended to source and convert plastic feedstock from the Phoenix area and import plastic from California. Pursuant to the Arizona Services Agreement, the Arizona facility is expected to begin processing plastic feedstock in Q4 2024, now expected in Q4 2025, at 100 TPD and scale up to a maximum of 500 TPD at full capacity. Additionally, we are exploring plans for this facility to be powered by renewable energy, which, if successful, would become the first completely off grid pyrolysis conversion facility in the world.    Clean-Seas West Virginia, formed on April 1, 2023, is our first PCN facility slated for the United States and is currently expected to be operational in the third quarter of 2025. This facility will be located in the city of Belle, outside of Charleston, the capital of West Virginia, and is expected to begin operations converting 50 TPD of plastic feedstock. The Company expects to expand to greater than 500 TPD within three years of beginning operations. Clean-Seas has engaged MacVallee, LLC (“MacVallee”) to secure mixed plastic feedstock from material recovery facilities and industrial suppliers.

v3.24.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES   Basis of Presentation   The Company’s unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company as of and for the nine month period ending September 30, 2024 and not necessarily indicative of the results to be expected for the full year ending December 31, 2024. These unaudited consolidated financial statements should be read in conjunction with the financial statements and related notes included in the Company’s financial statements for the year ended December 31, 2023.   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 financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.   Concentrations of Credit Risk   We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. At times, such deposits may be in excess of the Federal Deposit Insurance Corporation insurable amount (“FDIC”).  As of September 30, 2024, the Company had no cash in excess of the FDIC’s $250,000 coverage limit.   Cash Equivalents   The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents for the periods ended September 30, 2024 and December 31, 2023.   Principles of Consolidation   The accompanying unaudited consolidated financial statements for the period ended September 30, 2024, include the accounts of the Company and its wholly owned subsidiaries, Clean-Seas, Inc., Clean-Seas India Private Limited, Clean-Seas Group, Endless Energy, Inc., EcoCell, Inc., Clean-Seas Arizona, Inc., Clean-Seas West Virginia, and our 51% owned subsidiary, Clean-Seas Morocco, LLC. As of September 30, 2024, there was no activity in Clean-Seas Group, Endless Energy or Clean-Seas Arizona. All intercompany transactions are eliminated in consolidation.   Translation Adjustment   The accounts of the Company’s subsidiary Clean-Seas India are maintained in Rupees and the accounts of Clean-Seas Morocco in Moroccan dirham. In accordance with the Codification, all assets and liabilities were translated at the current exchange rate at respective balance sheets dates, members’ capital are translated at the historical rates and income statement items are translated at the average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income in accordance with the Comprehensive Income Topic of the Codification (ASC 220), as a component of members’ capital. Transaction gains and losses are reflected in the income statement.   Comprehensive Income The Company uses SFAS 130 “Reporting Comprehensive Income” (ASC Topic 220).  Comprehensive income is comprised of net income and all changes to the statements of members’ capital, except those due to investments by members, changes in paid-in capital and distributions to members.   Basic and Diluted Earnings Per Share   Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification.  Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.  Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. As of September 30, 2024, there are warrants to purchase up to 296,138,059 shares of common stock and approximately 186,597,000 dilutive shares of common stock from convertible notes payable. As of September 30, 2023, there are warrants to purchase up to 116,944,802 shares of common stock and approximately 158,000,000 dilutive shares of common stock from a convertible note payable. As of September 30, 2024 and 2023, there are 20,000,000 and 20,000,000 potentially dilutive shares of common stock, respectively, if the Series C preferred stock were to be converted. As of September 30, 2024 and 2023, the Company’s diluted loss per share is the same as the basic loss per share, as the inclusion of any potential shares would have had an anti-dilutive effect due to the Company generating a loss.   Stock-Based Compensation   In June 2018, the FASB issued ASU 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. ASU 2018-07 allows companies to account for nonemployee awards in the same manner as employee awards. The guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those annual periods. We adopted this ASU on January 1, 2019.   Goodwill   The Company accounts for business combinations under the acquisition method of accounting in accordance with Accounting Standards Codification (“ASC”) 805, Business Combinations, where the total purchase price is allocated to the tangible and identified intangible assets acquired and liabilities assumed based on their estimated fair values. The purchase price is allocated using the information currently available, and may be adjusted, up to one year from acquisition date, after obtaining more information regarding, among other things, asset valuations, liabilities assumed and revisions to preliminary estimates. The purchase price in excess of the fair value of the tangible and identified intangible assets acquired less liabilities assumed is recognized as goodwill.   In accordance with ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, the Company will test for indefinite-lived intangibles and goodwill impairment in the fourth quarter of each year and whenever events or circumstances indicate that the carrying amount of the asset exceeds its fair value and may not be recoverable.   Derivative Financial Instruments   The Company evaluates its convertible notes to determine if such instruments have derivatives or contain features that qualify as embedded derivatives. 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 uses a weighted-average Black-Scholes-Merton option pricing 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.   Fair Value of Financial Instruments   The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification(“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP) and expands disclosures about fair value measurements.  To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels.  The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:   Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.   Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.   Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data.   The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments.  The Company’s notes payable represents the fair value of such instruments as the notes bear interest rates that are consistent with current market rates.   The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of: September 30, 2024 Schedule of liabilities measured fair value on recurring basis             Description   Level 1   Level 2   Level 3   Derivative     $ —       $ —       $ 251,721     Total     $ —       $ —       $ 251,721     December 31, 2023 Description   Level 1   Level 2   Level 3   Derivative     $ —       $ —       $ 598,306     Total     $ —       $ —       $ 598,306     Revenue Recognition   The Company recognizes revenue under ASC 606, “Revenue from Contracts with Customers” (“ASC 606”). The Company determines revenue recognition through the following steps:     ● Identification of a contract with a customer;   ● Identification of the performance obligations in the contract;     ● Determination of the transaction price;   ● Allocation of the transaction price to the performance obligations in the contract; and   ● Recognition of revenue when or as the performance obligations are satisfied.   Revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Shipping and handling activities associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment activity and recognized as revenue at the point in time at which control of the goods transfers to the customer. As a practical expedient, the Company does not adjust the transaction price for the effects of a significant financing component if, at contract inception, the period between customer payment and the transfer of goods or services is expected to be one year or less.   Our business model is focused on generating revenue from the following sources:   (i) Service revenue from the recycling services we provide. We plan to establish plastic feedstock agreements with a number of feedstock suppliers for the delivery of plastic to our facilities. Much of this plastic is currently a cost center for such feedstock suppliers, who pay "tipping fees" to landfills or incinerators. We will accept this plastic feedstock at reduced price or for no tipping fees. In some cases, feedstock suppliers will also share in revenue on products produced from their feedstock.  This revenue will be realized and recognized upon receipt of feedstock at one of our facilities.   (ii) Revenue generated from the sale of commodities. We will produce commodities including, but not limited to, pyrolysis oil, fuel oil, lubricants, synthetic gas, hydrogen, and carbon char. We are in negotiation with chemical and oil companies for purchasing, or off-taking, fuels and oils we produce, and exploring applications for carbon char. This revenue will be recognized upon shipment of products from one of our facilities and in some cases off-takers may pre-pay for a contractual obligation to buy our commodities.   (iii) Revenue generated from the sale of environmental credits. Our products are eligible for numerous environmental credits, including but not limited to carbon credits, plastic credits, and biodiversity credits. These credits may be monetized directly on the relevant markets or may be realized as value-add to off-takers, who will pay a premium for eligible products. Revenue from these credits will be recognized upon sale of applicable environmental credits on recognized markets, and/or upon sale of commodities to off-takers when that off-take includes an environmental credit premium.   (iv) Revenue generated from royalties and/or the sale of equipment. We expect to develop or acquire intellectual property which could generate revenue through royalties and/or sales of manufactured equipment.  Revenue may be recognized upon the terms of a contracted sale agreement.    For the period ended September 30, 2024, our operations in Morocco had generated approximately $108,000 in revenue. During the period, 93% of revenue was from one party. As of September 30, 2024, we did not generate revenue from any other sources. Trade Accounts Receivable   Trade accounts receivable are amounts due from customers under normal trade terms. After assessing the creditworthiness of our customers and considering our historical experience, anticipated future operations, and prevailing economic conditions, we have determined that the application of the current expected credit loss (CECL) methodology would be immaterial to our financial statements. Consequently, no allowance for credit losses has been recorded as of the year-end. The absence of a recorded allowance for credit losses reflects our judgment that potential credit losses on outstanding receivables are negligible. As of September 30, 2024, approximately 72% of accounts receivable are due from one customer.   Inventory   Inventory consists of plastic bottles that are acquired at no cost and are held for use in our pyrolysis process, which converts these materials into pyrolysis oil, carbon char, and other commodities. In accordance with U.S. Generally Accepted Accounting Principles (GAAP), these bottles are recorded at the lower of cost or market. Since the acquisition cost of the bottles is zero, and there is no significant alternative market value attributable to these materials before conversion, the carrying value of this inventory is recorded at $0 on our consolidated balance sheets.    The absence of a recorded cost for the plastic bottles does not reflect their importance to our production process or potential value of the end products. This accounting treatment is specific to the characteristics of the materials used and does not imply any underlying concerns about the viability or value of the final products produced through our pyrolysis process.    Recently Issued Accounting Pronouncements   The Company has implemented all new applicable accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

v3.24.3

GOING CONCERN	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3 — GOING CONCERN   The accompanying unaudited 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. The Company has not yet established a source of revenue sufficient to cover its operating costs, had an accumulated deficit of $40,370,138 at September 30, 2024, and had a net loss of $5,705,277 for the nine months ended September 30, 2024. The Company’s ability to raise additional capital through the future issuances of common stock and/or debt financing is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. These conditions and the ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.   Management plans to continue to implement its business plan and to fund operations by raising additional capital through the issuance of debt and equity securities. The Company’s existence is dependent upon management's ability to implement its business plan and/or obtain additional funding. There can be no assurance that the Company’s financing efforts will result in profitable operations or the resolution of the Company's liquidity problems. Even if the Company is able to obtain additional financing, it may include undue restrictions on our operations in the case of debt or cause substantial dilution for our stockholders in the case of equity financing.

v3.24.3

BUSINESS COMBINATIONS	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
BUSINESS COMBINATIONS	NOTE 4 — BUSINESS COMBINATIONS   On April 23, 2023 (the “Morocco Closing Date”), Clean-Seas, a wholly owned subsidiary of the Company, completed its acquisition of a fifty-one percent (51%) interest (the “Morocco Acquisition”) in EcoSynergie S.A.R.L., a limited liability company organized under the laws of Morocco (“Ecosynergie”), pursuant to that certain Notarial Deed (the “Morocco Purchase Agreement”) dated as of January 23, 2023 (the “Signing Date”) setting forth the terms and provisions applicable to the Morocco Acquisition (the “Purchase Agreement”). On the Morocco Closing Date, (i) EcoSynergie’s name was changed to Clean-Seas Morocco, LLC, (ii) Mrs. Halima Aboudeine and Mr. Daniel C. Harris, the Company’s CRO, were appointed as managers of Clean-Seas Morocco and (iii) Mr. Harris was appointed to serve as the Chief Executive Officer of Clean-Seas Morocco. EcoSynergie was not acquired from a related party and the Company did not have common control with EcoSynergie at the time of the Morocco Acquisition.    Pursuant to the Morocco Purchase Agreement, Clean-Seas paid an aggregate purchase price of $6,500,000 for the Morocco Acquisition, of which (i) $2,000,000 was paid on the Morocco Closing Date and (ii) the remaining $4,500,000 is to be paid to Ecosynergie Group over a period of ten (10) months from the Morocco Closing Date. Additionally, Clean-Seas committed to invest up to $50,000,000 in Clean-Seas Morocco over a period of ten (10) months from the Morocco Closing Date (the “Clean-Seas Morocco Investment”). The Clean-Seas Morocco Investment is currently contemplated to be funded in tranches based on a to be agreed to schedule tied to milestones related to the technology being deployed by Clean-Seas Morocco. The parties intend to complete the funding schedule applicable to the Clean-Seas Morocco investment in the first quarter 2025. To date, none of the Clean-Seas Morocco Investment has been funded.  The excess of the purchase price over the estimated fair values of the underlying identifiable assets acquired, liabilities assumed, and non-controlling interest was allocated to goodwill. The provisional estimated fair value of the noncontrolling interest was based the minority interest (49%) in net assets as of the acquisition date. The goodwill of $4,854,622 represents expected synergies from the combined operations.  The excess of the purchase price over the estimated fair values of the underlying identifiable assets acquired, liabilities assumed, and non-controlling interest was allocated to goodwill. The provisional estimated fair value of the noncontrolling interest was based the minority interest (49%) in net assets as of the acquisition date. The goodwill of $4,584,622 represents expected synergies from the combined operations.

v3.24.3

PROPERTY & EQUIPMENT	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY & EQUIPMENT	NOTE 5 — PROPERTY & EQUIPMENT   Property and equipment are recorded at cost. The Company capitalizes purchases of property and equipment over $5,000. Depreciation is computed using the straight-line method over the estimated useful lives of the various classes of assets as follows between three and ten years.   Long lived assets, including property and equipment, to be held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. Impairment losses are recognized if expected future cash flows of the related assets are less than their carrying values. Measurement of an impairment loss is based on the fair value of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell.   Maintenance and repair expenses, as incurred, are charged to expense. Betterments and renewals are capitalized in plant and equipment accounts. Cost and accumulated depreciation applicable to items replaced or retired are eliminated from the related accounts with any gain or loss on the disposition included as income.   Clean-Seas, Inc. has purchased a pyrolysis unit for piloting and demonstration purposes which has been commissioned in Hyderabad, India as of May 2022. The unit will be used to showcase the Company’s technology and services, turning waste plastic into environmentally friendly commodities, to potential customers.    Property, plant, and equipment at our Clean-Seas Morocco facility comprise equipment, buildings and fixtures, automobiles, furniture, and land. Upon acquisition, buildings and land were recorded at their estimated fair value, determined through a valuation conducted in 2018. Subsequently, these assets have been adjusted annually to reflect an approximate 5% increase in fair value, consistent with local real estate market trends. Depreciation for equipment, buildings, automobiles, and furniture is computed using the straight-line method over estimated useful lives of 5 to 10 years.    Property and equipment stated at cost, less accumulated depreciation consisted of the following:   Schedule of property and equipment stated at cost                     September 30, 2024   December 31, 2023 Pyrolysis unit   $ 185,700     $ 185,691   Equipment     566,579       436,532   Buildings and fixtures     549,303       493,411   Land     3,883,607       3,867,095   Office furniture     2,301       998   Less: accumulated depreciation     (259,131 )     (100,161 ) Property and equipment, net   $ 4,928,359     $ 4,883,566     Depreciation expense   For the nine months ended September 30, 2024 and 2023, depreciation expense was $133,685 and $0, respectively.

v3.24.3

LOANS PAYABLE	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
LOANS PAYABLE	NOTE 6 — LOANS PAYABLE   Effective January 1, 2024, the Company acquired a financing loan for its Director and Officer Insurance for $40,800. The loan bears interest at 8.75%, requires monthly payments of $4,245.41 and is due within one year. As of September 30, 2024, the balance due is $16,509.   West Virginia State Incentive Package   On June 12, 2023, Clean-Seas announced that it secured $12 million in state incentives, which includes $1.75 million in cash to establish a PCN facility outside of Charleston, West Virginia. Clean-Seas West Virginia, Inc., a West Virginia corporation (“Clean-Seas West Virginia”), has an existing feedstock supply agreement for 100 TPD of post-industrial plastic waste and is planned to be a PCN hub servicing the Mid-Atlantic states. The project will commence in phases, Phase 1 being 50 TPD, scaling up to 500 TPD. Additional project finance capital is in the process of being secured and the Company received the $1.75 million cash disbursement on September 25, 2023.

v3.24.3

CONVERTIBLE NOTES PAYABLE	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
CONVERTIBLE NOTES PAYABLE	NOTE 7 — CONVERTIBLE NOTES PAYABLE   February Convertible Notes - Walleye Opportunities Master Fund Ltd   On February 21, 2023, the Company entered into a securities purchase agreement (the “February Purchase Agreement”) with certain institutional buyers. Pursuant to the February Purchase Agreement, the Company issued senior convertible notes in the aggregate principal amount of $4,000,000, which notes shall be convertible into shares of common stock at the lower of (a) 120% of the closing price of the common stock on the day prior to closing, or (b) a 10% discount to the lowest daily volume weighted average price (“VWAP”) reported by Bloomberg of the common stock during the 10 trading days prior to the conversion date  .   On February 21, 2023, the initial investor under the February Purchase Agreement purchased a senior convertible promissory note (the “February Note”) in the original principal amount of $2,500,000 and a warrant to purchase 29,434,850 shares of the Company’s common stock. The maturity date of the February Note is February 21, 2024 (the “Maturity Date”). The February Note bears interest at a rate of 5% per annum. The February Note carries an original issue discount of 2%. The Company may not prepay any portion of the outstanding principal amount, accrued and unpaid interest or accrued and unpaid late charges on principal and interest, if any, except as specifically permitted by the terms of the February Note. The Company also issued a warrant to the initial investor that is exercisable for shares of the Company’s common stock at a price of $0.0389 per share and expires five years from the date of issuance.   The terms of the February convertible note were amended pursuant to the March 2024 note (discussed below). The amendment changes the conversion price to $0.03 and extends the maturity date to December 1, 2024.   April Convertible Note - Walleye Opportunities Master Fund Ltd   Pursuant to the February Purchase Agreement, on April 10, 2023, an investor purchased a senior convertible promissory note (the “April Note”) in the original principal amount of $1,500,000 and the Company issued warrants for the purchase of up to 17,660,911 shares of the Company’s common stock to the investor. The April Note bears interest at a rate of 5% per annum. The April Note carries an original issue discount of 2%. The Company may not prepay any portion of the outstanding principal amount, accrued and unpaid interest or accrued and unpaid late charges on principal and interest, if any, except as specifically permitted by the terms of the April Note. The April Note is convertible into shares of common stock at $0.03 per share.   May Convertible Notes - Walleye Opportunities Master Fund Ltd   On May 26, 2023, the Company entered into that certain Securities Purchase Agreement (the “May Purchase Agreement”) with certain institutional investors (the “May Investors”), pursuant to which the May Investor purchased a senior convertible promissory note in the aggregate original principal amount of $1,714,285.71 (the “May Note”) and warrants to purchase 44,069,041 shares of the Company’s common stock (the “May Warrants”).   The May Note matures 12 months after issuance and bears interest at a rate of 5% per annum, as may be adjusted from time to time in accordance with Section 2 of the May Note. The May Note has an original issue discount of 30%. The Company may not prepay any portion of the outstanding principal amount, accrued and unpaid interest or accrued and unpaid late charges on principal and interest, if any, except as specifically permitted by the terms of the May Note. The May Note is convertible into shares of common stock at $0.0389 per share.   At any time, the Company shall have the right to redeem all, but not less than all, of the amount then outstanding under the May Note (the “Company Optional Redemption Amount”) on the Company Optional Redemption Date (as defined in the Note) (a “Company Optional Redemption”). The portion of the May Note subject to a Company Optional Redemption shall be redeemed by the Company in cash at a price equal to the greater of (i) 10% premium to the amount then outstanding under the May Note to be redeemed, and (ii) the equity value of our common stock underlying the May Note. The equity value of our common stock underlying the May Note is calculated using the greatest closing sale price of our common stock on any trading day immediately preceding such redemption and the date we make the entire payment required. The Company may exercise its right to require redemption under the May Note by delivering a written notice thereof by electronic mail and overnight courier to all, but not less than all, of the holders of May Note.   The May Warrants are exercisable for shares of the Company’s common stock at a price equal to 120% of the closing sale price of the common stock on the trading day ended immediately prior to the closing date (the “May Warrant Exercise Price”) and expire five years from the date of issuance. The May Warrant Exercise Price is subject to customary adjustments for stock dividends, stock splits, recapitalizations and the like.   August 2023 Note - Coventry Enterprises, LLC   On July 31, 2023 (the “August Note Original Issue Date”), the Company entered into a securities purchase agreement (the “August Purchase Agreement”) with an accredited investor (the “August Investor”), pursuant to which the August Investor purchased a senior convertible promissory note in the original principal amount of $500,000 (the “August Note”). In addition, as an additional inducement to the August Investor for purchasing the August Note, the Company issued 21,000,000 shares of its common stock to the August Investor at the closing. These shares are being valued at the closing stock price on the date of grant with the relative fair value accounted for as a debt discount. The transactions contemplated under the August Purchase Agreement closed on August 4, 2023.   The August Note matures on July 31, 2024 and bears interest at a rate of 10% per annum (the “Guaranteed Interest”), carries an original issue discount of 15% and has a default conversion price of 90% per share of the lowest VWAP during the 20 trading day period before the conversion. The August Note requires monthly payments of $78,571.42, beginning December 31, 2023. The Company may prepay any portion of the outstanding principal amount and the guaranteed interest at any time and from time to time, without penalty or premium, provided that any such prepayment will be applied first to any unpaid collection costs, then to any unpaid fees, then to any unpaid Default Rate interest (as defined in the August Note), and any remaining amount shall be applied first to any unpaid guaranteed interest, and then to any unpaid principal amount.   The August Investor was granted a right of first refusal as the exclusive party with respect to any Equity Line of Credit transaction or financing (an “Additional Financing”) that the Company enters into during the 24-month period after the August Note Original Issue Date. In the event the Company enters into an Additional Financing, the Company must provide notice to the August Investor not less than 10 trading days in advance of the proposed entry. If the August Investor accepts all usual and customary terms set forth in the Additional Financing notice, the August Investor must, within 20 trading days of receipt of the notice, prepare all relevant documents in respect thereof for execution and delivery by the Company, provided, however, that the Company’s outside counsel must prepare the relevant registration statement to be filed with the United States Securities and Exchange Commission no later than 45 days after the Company receives the documents.    The August Note sets forth certain standard events of default (each such event, an “August Note Event of Default”), which, upon such August Note Event of Default, the principal amount and the guaranteed interest then outstanding under the August Note becomes convertible into shares of the Company’s common stock pursuant to a notice provided by the August Investor to the Company. At any time after the occurrence of an August Note Event of Default, the outstanding principal amount and the outstanding guaranteed interest then outstanding on the August Note, plus accrued but unpaid Default Rate (as defined in the August Note) interest, liquidated damages and other amounts owing in respect thereof through the date of acceleration, shall become immediately due and payable at the August Investor’s option, in cash or in shares of the Company’s common stock at 120% of the outstanding principal amount of the August Note and accrued and unpaid interest, plus other amounts, costs, expenses and liquidated damages due in respect of the August Note.    October 2023 Note - GS Capital Partners   On October 26, 2023, the Company entered into a Securities Purchase Agreement (the “October Purchase Agreement”) with an accredited investor (the “October Investor”) related to the Company’s sale of two 12% convertible notes in the aggregate principal amount of $660,000 (each note being in the amount of $330,000 and containing an original issue discount of $30,000 such that the purchase price of each note is $300,000) (each “Note,” and together the “Notes”) are convertible into shares of the Company’s common stock, par value $0.001 per share, upon the terms and subject to the limitations set forth in each Note. The Company issued and sold the first Note (the “First Note”) on October 26, 2023 (the “First Closing Date” or the “First Issuance Date”). The second note was not funded.   On the First Closing Date, the Company issued 800,000 restricted shares of Common Stock to the Purchaser as additional consideration for the purchase of the First Note (the “First Note Commitment Shares”). Upon the closing of the Second Note, the Company will issue additional commitment shares in an amount calculated based on the price per share of the Common Stock at the time of funding of such Second Note (the “Second Note Commitment Shares,” and together with the First Note Commitment Shares, the “Commitment Shares”). In addition to the Commitment Shares, the Company agreed to issue 7,500,000 shares of Common Stock to the Purchaser (the “Returnable Shares”) for each Note. Each issuance of Returnable Shares is subject to recalculation based on the price per share of Common Stock at the time of funding for each Note, such that the economic value of each set of Returnable Shares shall be equal to the value of the initial set of Returnable Shares. For example, if on the Second Closing Date, the closing price of the Common Stock is 50% of the closing price of the Common Stock on the First Closing Date, the Company will be required to issue 15,000,000 Returnable Shares on the Second Note Closing Date. The Returnable Shares must be returned to the Company unless each Note enters into an uncured default during its term, or the Company is otherwise unable to repay each Note on or prior to maturity.   ClearThink Financing   On February 12, 2024, the Company and ClearThink Capital LLC (“ClearThink”) entered into a (i) Securities Purchase Agreement (the “SPA”) and (ii) STRATA Purchase Agreement (the “STRATA Agreement” and together with the SPA, collectively, the “ClearThink Agreements”).   SPA   Pursuant to the SPA, the Company agreed to sell, and ClearThink agreed to purchase, two (2) separate 12% convertible notes of the Company (the first such note, the “First Note Tranche,” the second such note, the “Second Note Tranche,” and collectively, the “ClearThink Notes”) in the aggregate principal amount of $440,000 (each such ClearThink Note being in the amount of $220,000.00 and containing an original issue discount of $20,000, resulting in the purchase price of each such ClearThink Note being $200,000.00), which are convertible Common Stock. In addition, the Company agreed to issue 3,100,000 shares of restricted Common Stock (the “Commitment Shares”) to ClearThink as additional consideration for the First Note Tranche and as an inducement for the Investor to enter into the STRATA Agreement; provided, however, that 2,500,000 shares of Commitment Shares will be returned to the Company if the Company, at its option, does not consummate the transactions contemplated by the STRATA Agreement by not filing the Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission covering the resale of all securities issuable under each of the ClearThink Agreements (the “Resale Registration Statement”).    The First Note Tranche was issued on February 12, 2024 and the Second Note Tranche shall be issued within three (3) days after the Company’s filing of the Resale Registration Statement.   While any of the securities issued or issuable under the SPA are outstanding, upon any issuance by the Company or any of its subsidiaries of any security, or amendment to a security that was originally issued before the SPA Closing Date, with any term that the Investor reasonably believes is more favorable to the Investor of such security or with a term in favor of the Investor of such security that the Investor reasonably believes was not similarly provided to ClearThink in the ClearThink Note, (i) the Company shall notify the Investor of such additional or more favorable term within one (1) business day of the issuance and/or amendment (as applicable) of the respective security, and (i) such term, at Investor's option, shall become a part of the transaction documents with the Investor (regardless of whether the Company complied with the notification provision herein). The types of terms contained in another security that may be more favorable to the Investor of such security include, but are not limited to, terms addressing prepayment rate, interest rates, and original issue discounts, conversion or exercise prices warrant coverage and pricing, commitment shares and similar terms and conditions.   The ClearThink Note contains a principal amount of $220,000 (the “Principal”) with guaranteed interest (the “Interest”) at a rate of twelve percent (12%) per calendar year from the date of issuance. All Principal and Interest, along with any and all other amounts, shall be due and owing on November 12, 2024 (the “Maturity Date”), with a lump-sum interest payment equal to $26,400 payable on the SPA Closing Date, which is added to the principal balance and payable by the Company on the Maturity Date or upon acceleration or by prepayment or otherwise, notwithstanding the number of days which the Principal is outstanding. Unless the Investor elects to convert the Note into shares of Common Stock, Principal payments shall be made in four installments, each in the amount of $50,000 commencing on the one hundred eightieth (180th) day anniversary following the SPA Closing Date and continuing thereafter each thirty (30) days for four (4) months thereafter. The ClearThink Note may be prepaid in whole or in part as set forth therein and any amount of Principal or Interest on the ClearThink Note which is not paid when due shall bear interest at the rate of the lesser of (i) twenty four percent (24%) per annum (which shall be guaranteed and applied to the balance due under the ClearThink Note upon an Event of Default (as defined in the ClearThink Note)) and (ii) the maximum amount permitted under law from the due date thereof until the same is paid.   Trillium Financing   On February 15, 2024, the Company entered into a Securities Purchase Agreement (the “Trillium Agreement”) with Trillium Partners L.P. (“Trillium”), whereby the Company issued and sold to Trillium (i) a promissory note (the “Trillium Note”) in the aggregate principal amount of $580,000 (which includes $87,500 of Original Issue Discount) (the “Trillium Principal”), convertible into Common Stock, upon default, upon the terms and subject to the limitations and conditions set forth in such Trillium Note, and (ii) 4,000,000 restricted shares of Common Stock (the “Commitment Shares”).   Although the Trillium Agreement was dated and signed on February 15, 2024, it did not become effective until the conditions set forth in Section 6 and Section 7 of the Trillium Agreement were satisfied, which occurred on February 22, 2024 (the “Trillium Closing Date”).    The maturity date of the Trillium Note is January 15, 2025 (the “Trillium Maturity Date”) and a one-time interest charge of ten percent (10%) or $58,000 (the “Trillium Interest Rate”) shall be applied to the Trillium Principal on the date of issuance. The Company has the right to prepay the Trillium Note in full at any time with no prepayment penalty. Accrued, unpaid Trillium Interest and outstanding Trillium Principal, subject to adjustment, shall be paid in seven payments, each in the amount of $91,142.86 (a total payback to the Holder of $638,000).   At any time following an Event of Default (as defined in the Trillium Note), Trillium has the right to convert all or any part of the outstanding and unpaid amount of the Trillium Note into fully paid and non-assessable shares of Common Stock, as such Common Stock exists on the date of issuance, or any shares of capital stock or other securities of the Company into which such Common Stock shall hereafter be changed or reclassified at the conversion price determined as provided herein (a “Conversion”), provided, that such Conversion or Conversions do not result in Trillium beneficially owning more than 9.99% of the outstanding shares of Common Stock.   Pursuant to the Trillium Note, beginning on the fifth month anniversary of the Issuance Date, and for the next six months after, the Company will make a total of seven (7) equal monthly payments of $91,142.85. In the event that the Company defaults and misses a payment, then the Investor will be able to do a “default conversion. The conversion price (the “Trillium Conversion Price”) is equal to the lower of: (i) the Fixed Conversion Price of $0.03; (ii) the Variable Conversion Price (70% of the lowest trade for the twenty days prior to conversion); and (iii) the Alternative Conversion Price (lowest price os any common stock during the period thirty days prior to a default).   The Company agreed to initially reserve from its authorized and unissued Common Stock, 72,000,000 shares of Common Stock (the “Reserve Amount”), which Reserve Amount shall be increased from time to time in accordance with the terms of the Trillium Note.     Under the terms of the Trillium Agreement, the Company agreed to use its best efforts to effect the registration and the sale of the Commitment Shares and the Conversion Shares (collectively, the “Registerable Securities”) by filing with the SEC an amendment to its Registration Statement on Form S-1 (as initially filed with the SEC on November 3, 2023 as amended on December 15, 2023) with respect to such Registrable Securities.   March 2024 Financing Walleye Opportunities Master Fund Ltd.   On February 17, 2023, the Company entered into a Securities Purchase Agreement (the “Prior Agreement”) with Walleye Opportunities Master Fund Ltd. (the “March Investor”) for the sale of up to $4,000,000 in aggregate principal amount of senior convertible promissory notes and warrants to acquire shares Common Stock. The initial closing under the Prior Agreement occurred on February 21, 2023, when the Company issued to the March Investor (i) a senior convertible promissory note in the principal amount of $2,500,000 (the “Existing Note”) and (ii) warrants to purchase up to 29,434,850 shares of Common Stock (the “Existing Warrant”).    On March 25, 2024 (the “Issue Date”), the Company and March Investor entered into a Securities Purchase Agreement (the “March Purchase Agreement”), whereby: (i) the Company issued to the March Investor (a) a convertible note in the aggregate principal amount of $666,666 (the “March 2024 Note”), and (b) a warrant initially exercisable to acquire up to 22,222,220 shares of Common Stock at an exercise price of $0.03 per share (the “March 2024 Warrant”); and (ii) the parties agreed to amend and restate the Existing Note and Existing Warrant as discussed below.   March 2024 Note   At any time on or after the Issue Date, the March Investor shall be entitled to convert any portion of the outstanding Conversion Amount (as defined in the March 2024 Note) into validly issued, fully paid and non-assessable shares of Common Stock at a conversion price equal to $0.03 per share, subject to adjustment as set forth in the March 2024 Note.   Interest accruing on the March 2024 Note is payable to the March Investor in shares of Common Stock; provided, however, that the Company may pay any such interest in cash or in a combination of cash and shares of Common Stock. The March 2024 Note bears interest at a rate of 5% per annum, as may be adjusted from time to time, and matures on October 1, 2024 (the “March Note Maturity Date”); provided, however, that the March Note Maturity Date may be extended at the option of the Investor as provided in the March 2024 Note.   The Company shall have the right to redeem all, but not less than all, of the amount then outstanding under the March 2024 Note at any time. Any redemption shall be made by the Company in cash at a price equal to the greater of (i) 120% of the Conversion Amount (as defined in the March 2024 Note), and (ii) the product of (1) the Conversion Rate (as defined in the March 2024 Note) with respect to the Conversion Amount being redeemed multiplied by (2) the greatest closing sale price of the Common Stock on any trading day immediately preceding the date such redemption payment is made  . Upon the occurrence of an Event of Default under the March 2024 Note, the Investor may require the Company to redeem all or any portion of the March 2024 Note, regardless of whether such Event of Default has been cured.   March 2024 Warrant   The March 2024 Warrant (i) is exercisable for the purchase of up to 22,222,220 shares of Common Stock at an exercise price of $0.03 per share, subject to customary adjustments, and (ii) expires five years from the date of issuance.   Registration Rights Agreement   On the Issue Date, the Company and the March Investor entered into a registration rights agreement (the “RRA”), pursuant to which the Company agreed to file with the SEC, within 45 days after the Issue Date, a registration statement covering the resale of all securities issuable to the March Investor under the March Purchase Agreement.   Amended and Restated Note   In connection with the March Purchase Agreement, the Company and March Investor amended and restated the Existing Note as set forth in that certain Amended and Restated Convertible Note dated March 25, 2024 (the “A&R Note). At any time, the March Investor shall be entitled to convert any portion of the outstanding Conversion Amount (as defined in the A&R Note) into validly issued, fully paid and non-assessable shares of Common Stock at a conversion price equal to $0.03 per share, subject to adjustment as set forth in the A&R Note.   Interest accruing on the A&R Note is payable to the March Investor in shares of Common Stock; provided, however, that the Company may pay any such interest in cash or in a combination of cash and shares of Common Stock. The A&R Note bears interest at a rate of 5% per annum and matures on December 1, 2024 (the “A&R Note Maturity Date”); provided, however, that the A&R Note Maturity Date may be extended at the option of the as provided in the A&R Note).   The Company shall have the right to redeem all, but not less than all, of the amount then outstanding amount under the A&R Note at any time. Any redemption shall be made by the Company in cash at a price equal to the greater of (i) 120% of the Conversion Amount (as defined in the A&R Note), and (ii) the product of (1) the Conversion Rate (as defined in the A&R Note) with respect to the Conversion Amount being redeemed multiplied by (2) the greatest closing sale price of our Common Stock on any trading day immediately preceding the date such redemption payment is made.    Amended and Restated Warrant   In connection with the Purchase Agreement, the Company and March Investor agreed to amend and restate the Existing Warrant as set forth in that certain Amended and Restated Warrant to Purchase Common Stock dated March 25, 2024 (the “A&R Warrant). The A&R Warrant is exercisable for the purchase of up to 22,222,220 shares of Common Stock at an exercise price of $0.03 per share, subject to customary adjustments, and (ii) expires five years from the Issue Date.   May 2024 SPA and STRATA   On May 29, 2024 (the “SPA Closing Date”), the Company closed on the transactions contemplated by that certain Securities Purchase Agreement (the “SPA”) with an accredited investor (the “Investor”) and entered into a STRATA Purchase Agreement (the “STRATA Agreement” and together with the SPA, collectively, the “Agreements”) with the Investor, whereby the Investor agreed to purchase up to $5,000,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”).   Pursuant to the SPA, the Company agreed to sell, and the Investor agreed to purchase, a convertible amortization note of the Company (the “Note”) in the aggregate principal amount of $110,000 (such Note being in the amount of $110,000 and containing an original issue discount of $10,000, resulting in the purchase of such Note being $110,000), which Note is convertible into shares of Common Stock as set forth in the Note. In addition, on the SPA Closing Date, the Company issued 5,000,000 shares of restricted Common Stock (the “Commitment Shares”) to the Investor as additional consideration and an inducement for the Investor to enter into the STRATA Agreement.   Beginning on the Commencement Date (as defined in the STRATA Agreement) and subject to the terms and conditions in the STRATA Agreement, the Company shall have the right, but not the obligation, to direct the Investor to purchase up to Five Million Dollars ($5,000,000) of Common Stock (the “Purchase Shares”), subject to adjustment, up to the Request Limit (as defined below), at the Purchase Price (as defined below) on the date on which the Investor receives a valid notice (the “Purchase Notice”) from the Company directing the Investor to acquire the Purchase Shares (the date on which the Investor receives such notice, the “Closing Request Date”). Pursuant to the STRATA Agreement, the Company is not allowed to issue a Purchase Notice to the Investor until the Registration Statement (as defined below) has been declared effective with the SEC.   The foregoing description of the May 29, 2024 transactions does not purport to be complete and is qualified in its entirety by reference to the form of SPA, Note, STRATA Agreement and RRA attached to Current Report on Form 8-K file by the Company June 4, 2024 with the SEC on as Exhibits 10.1, 4.1, 10.2 and 10.3, respectively.   On June 14, 2024, the Company issued a convertible promissory note to Coventry Enterprises, LLC in the aggregate principal amount of $100,000 (which includes $10,000 of Original Issue Discount). Coventry received 5,000,000 restricted shares of Common Stock as Commitment Shares.   The Company accounted for the above Convertible Notes according to ASC 815. For the derivative financial instruments that are accounted for as liabilities, the derivative liability was initially recorded at its fair value and is being re-valued at each reporting date, with changes in the fair value reported in the statements of operations.   For the warrants that were issued with each tranche of funding, the Company uses a weighted-average Black-Scholes-Merton option pricing model to value the warrants at inception and then calculates the relative fair value for each loan.   Commitment shares are valued at the closing stock price on the effective date of the promissory note. The value of the shares is accounted for as debt discount.   The Company deducts the total value of all discounts (OID, value of warrants, discount for derivative) from the calculated derivative liability with any difference accounted for as a loss on debt issuance.    The following table summarizes the convertible notes outstanding as of September 30, 2024:   Schedule of convertible notes outstanding                                           Note Holder   Date   Maturity Date   Interest   Balance December 31, 2023     Additions     Repayments / Conversions   Balance September 30, 2024 Walleye Opportunities Fund   2/21/2023   12/1/2024     5%     436,316       —       —     436,316 Walleye Opportunities Fund   4/10/2023   4/10/2024     5%     1,500,000       —       —     1,500,000 Walleye Opportunities Fund   5/26/2023   5/26/2024     5%     1,714,286       —       —     1,714,286 Coventry Enterprises, LLC   7/31/2023   7/31/2024     10%     500,000       —       (500,000) (1)     — GS Capital Partners   10/26/2023   7/26/2024     12%     330,000       —       (275,000)     55,000 Clearthink Capital Partners   2/12/2024   11/12/2024     12%     —       220,000       (50,000)     170,000 Trillium Partners LP   2/22/2024   1/15/2025     10%     —       754,993(2)       (291,778)     463,215 Walleye Opportunities Fund   3/25/2024   12/1/2024     5%     —       666,666       —     666,666 Clearthink Capital Partners   5/24/2024   1/24/2025     12%     —       110,000       —     110,000 Coventry Enterprises, LLC   6/14/2024   5/15/2025     10%     —       100,000       —     100,000 Total                 $ 4,480,602     $ 1,851,659     $ (1,116,778)   $ 5,215,483 Less debt discount                  $ (1,701,403)             (782,889) Convertible notes payable, net                 $ 2,779,199                   $ 4,432,594   (1) $314,284 was repaid in cash, $146,430 was forgiven along with $50,000 of accrued interest. (2) $174,993 add to principal for default penalty.   A summary of the activity of the derivative liability for the notes above is as follows:   Schedule of activity of derivative liability     Balance at December 31, 2023   $ 598,306   Increase to derivative due to new issuances     593,950   Decrease to derivative due to mark to market     (342,229 ) Decrease to derivative due to modification of conversion terms     (598,306 ) Balance at September 30, 2024   $ 251,721

v3.24.3

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 8 — RELATED PARTY TRANSACTIONS   Daniel Bates, CEO   On February 21, 2021, the Company amended the employment agreement with Daniel Bates, CEO. The amendment extended the term of his agreement from three years commencing May 27, 2020, to expire on May 27, 2025.   As of September 30, 2024 and 2023, the Company owed Mr. Bates $279,000 and $189,000, respectively, for accrued compensation.   Rachel Boulds, CFO   The Company entered into a consulting agreement with Rachel Boulds, effective as of May 1, 2021, to serve as part-time Chief Financial Officer for compensation of $5,000 per month, which increased to $7,500 in June 2023. As of September 30, 2024 and 2023, the Company owed Ms. Boulds $15,000 and $0, respectively, for accrued compensation.   Daniel Harris, Chief Revenue Officer   As of September 30, 2024 and 2023, the Company owed Mr. Harris, $42,500 and $17,500, respectively, for accrued compensation.   Erfran Ibrahim, former CTO   As of September 30, 2024 and 2023, the Company owed Mr. Ibrahim, $60,000 and $60,000, respectively, for accrued compensation.   Michael Dorsey, Director   During the nine months ended September 30, 2024 and 2023, the Company paid Mr. Dorsey, $9,000 and $9,000, respectively, for director fees. As of September 30, 2024, the Company owes Mr. Dorsey $4,500.   Greg Boehmer, Director   During the nine months ended September 30, 2024 and 2023, the Company paid Mr. Boehmer, $9,000 and $9,000, respectively, for director fees and owes $4,500 as of September 30, 2024. In addition, the Company owes Mr. Boehmer $9,000 and $0, for consulting services as of September 30, 2024 and December 31, 2023.   Bart Fisher, Director   During the nine months ended September 30, 2024 and 2023, the Company paid Mr. Fisher, $9,000 and $9,000, respectively, for director fees and owes $4,500 as of September 30, 2024.    Bartholomew Pan-Kita, Director   During the nine months ended September 30, 2024, the Company paid Mr. Pan-Kita, $5,000, for director fees and owes $25,000 as of September 30, 2024.    Green Invest Solutions Ltd.   During September 2023, a $70,000 note was issued to Green Invest Solutions Ltd. which is managed by the same individuals as Clean-Seas Morocco. The loan is considered to be short-term and is not accruing interest.   Management of Clean-Seas Morocco   On occasion, management of Clean-Seas Morocco provides funds to the company for general operations. As of September 30, 2024 and December 31, 2023, $761,616 and $549,946 was due to management, respectively. There are no agreements and no interest rates applied.   Note Payable   Pursuant to the Morocco Purchase Agreement, Clean-Seas paid an aggregate purchase price of $6,500,000 for the Morocco Acquisition, of which (i) $2,000,000 was paid on the Morocco Closing Date and (ii) the remaining $4,500,000 is to be paid to Ecosynergie Group over a period of ten (10) months from the Morocco Closing Date. To date no additional payments have been made.

v3.24.3

COMMON STOCK	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
COMMON STOCK	NOTE 9 — COMMON STOCK   On January 9, 2024, the Company entered into a Securities Purchase Agreement (the “January Agreement”) with an accredited investor (the “Purchaser”) whereby the Company agreed to sell, and the Purchaser agreed to purchase, up to 15,000,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), for an aggregate purchase price of up to $300,000, or $0.02 per share. Pursuant to the January Agreement, which became effective on January 17, 2024, the Purchaser paid $100,000 to the Company in exchange for 5,000,000 shares of Common Stock.   On February 9, 2024, the Company granted 455,840 shares of common stock for services. The shares were valued at $0.0351, the closing stock price on the date of grant, for total non-cash compensation expense of $16,000.   On February 22, 2024, the Company granted 3,600,000 shares of common stock for services. The shares were valued at $0.0248, the closing stock price on the date of grant, for total non-cash compensation expense of $89,280. The expense is being recognized over the term of the agreement.   On February 23, 2024, the Company granted 5,000,000 shares of common stock for services. The shares were valued at $0.0351, the closing stock price on the date of grant, for total non-cash compensation expense of $171,500. The expense is being recognized over the term of the agreement.   On February 9, 2024, the Company issued 1,600,000 shares of common stock to ClearThink, pursuant to the terms of a Securities Purchase Agreement (Note 7).   On February 15, 2024, the Company issued 4,000,000 shares of common stock to Trillium Partners, pursuant to the terms of a Securities Purchase Agreement (Note 7).    On March 22, 2024, the Company granted 40,000 shares of common stock for services. The shares were valued at $0.0248, the closing stock price on the date of grant, for total non-cash compensation expense of $992.   On May 6, 2024, the Company’s transfer agent issued 432,012 shares of common stock that were granted and expensed in a prior period and had been disclosed as common stock to be issued.   On May 29, 2024, the Company issued 370,370 shares of common stock for services. The shares were valued at $0.0216, the closing stock price on the date of grant, for total non-cash compensation expense of $8,000.   During the nine months ended September 30, 2024, GS Capital Partners, LLC, converted $275,000 and $29,076 of principal and interest, respectively, into 29,368,294 shares of common stock.   During the nine months ended September 30, 2024, ClearThink, converted $50,000 of principal, into 5,454,545 shares of common stock.   During the nine months ended September 30, 2024, Coventry converted $39,285 of principal, into 4,454,165 shares of common stock.   During the nine months ended September 30, 2024, Trillium, converted $291,778 and $55,803 of principal and interest, respectively, into 44,087,985 shares of common stock.   Refer to Note 8 for shares issued to related parties.

v3.24.3

PREFERRED STOCK	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
PREFERRED STOCK	NOTE 10 — PREFERRED STOCK   The Company is authorized to issue 10,000,000 shares of Preferred Stock at $0.001 par value per share with the following designations.    Series A Redeemable Preferred Stock   On September 21, 2020, the Company created a series of Preferred Stock designating 2,000,000 shares as Series A Redeemable Preferred Stock ranks senior to the Company’s Common Stock upon the liquidation, dissolution or winding up of the Company. The Series A Preferred Stock does not bear a dividend or have voting rights and is not convertible into shares of our Common Stock.   Series B Preferred Stock   On December 14, 2020, the Company designated 2,000,000 shares of its authorized preferred stock as Series B Convertible, Non-voting Preferred Stock (the “Series B Preferred Stock”). The Series B Preferred Stock does not bear a dividend or have voting rights. The Series B Preferred Stock automatically converted into shares of common stock on January 1, 2023, at the rate of 10 shares of common stock for each share of Series B Preferred Stock; however, due to an ongoing dispute with certain holders of the Series B Preferred Stock, which is expected to be resolved through binding arbitration in December 2023, such conversion has not been effectuated as of the date hereof. Holders of our Series B Preferred Stock have anti-dilution rights protecting their interests in the Company from the issuance of any additional shares of capital stock for a two year period following conversion of the Series B Preferred Stock calculated at the rate of 20% on a fully diluted basis.   On December 17, 2020, the Company entered into a three-year consulting agreement with Leonard Tucker LLC (“Tucker”). Per the terms of the agreement, Tucker received 2,000,000 shares of Series B Preferred Stock for services provided, which shares of Series B Preferred Stock are to be classified as mezzanine equity until they are fully issued. As a result of the arbitrator’s April decision regarding the Company’s litigation with Tucker, April 15, 2024, Tucker does not hold any shares of Series B Preferred Stock. See Note 12 – Commitments and Contingencies (Legal Proceedings) below. The Series B Preferred Stock were cancelled and credited to additional paid in capital.   Series C Preferred Stock   On February 19, 2021, the Company amended its Articles of Incorporation whereby 2,000,000 shares of preferred stock were designated Series C Convertible Preferred Stock. The holders of the Series C Convertible Preferred Stock are entitled to 100 votes and shall vote together with the holders of common stock. Each share of the Series C Convertible Preferred Stock automatically converted into ten shares of common stock on January 1, 2023; however, such conversion has not been effectuated as of the date hereof.

v3.24.3

WARRANTS	9 Months Ended
	Sep. 30, 2024
Other Liabilities Disclosure [Abstract]
WARRANTS	NOTE 11 — WARRANTS   On March 25, 2024, the Company entered into that certain Securities Purchase Agreement with Walleye pursuant to which the Company warrants to purchase 181,365,075 shares of the Company’s common stock. The Warrants are exercisable for shares of the Company’s common stock at a price of $0.03 per share and expire five years from the date of issuance. Using the fair value calculation, the relative fair value for the warrants was calculated to determine the warrants recorded equity amount of $575,690 which has been accounted for in additional paid in capital.   Schedule of warrants                                                               Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Contract Term   Intrinsic Value Outstanding, December 31, 2022     9,040,000     $ 0.02       2.25       Issued     107,914,802     $ 0.04       4.46       Cancelled     —     $ —       —       Exercised     —     $ —       —       Outstanding, December 31, 2023     116,954,802     $ 0.037       4.25   $ 345,500 Issued     181,365,075     $ 0.03       5       Cancelled     —     $ —       —       Exercised     (2,181,818)     $ —       —       Outstanding, September 30, 2024     296,138,059     $ 0.033       4.23   $ —

v3.24.3

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 12 — COMMITMENTS AND CONTINGENCIES   Project Finance Arrangement   On November 4, 2022, the Company entered into a consulting agreement (the “Agreement”) with Edge Management, LLC (“Edge”), a services firm based in New York City. Under the Agreement, Edge will assist us to develop, structure and implement project finance strategies (“Project Finance”) for our clean energy installations around the world. Financing strategies will be in amounts and upon terms acceptable to us, and may include, without limitation, common and preferred equity financing, mezzanine and other junior debt financing, and/or senior debt financing, including but not limited to one or more bond offerings (“Project Financing(s)”). Under the Agreement, Edge is engaged as our exclusive representative for Project Financing matters. Edge is entitled to receive a cash payment for any Project Financing involving as follows: 5% of the gross amount of the funding facilities (up to $500 million) of all forms approved by the lender (“Lender”) introduced by Edge and or its affiliates and accepted by the Company on closing (“Closing”), 4% of the gross amount of the funding facilities (for the tranche of funding ranging from $500,000,001 to $1,000,000,000) approved by the Lender introduced by Edge and or its affiliates and accepted by the Company on Closing, and 3% of the subsequent gross amount ($1,000,000,001 and greater) of the funding facilities of all forms approved by the Lender introduced by Edge and/or its affiliates and accepted by the Company on Closing. In addition to the cash consulting fee, Edge shall be issued cashless, five-year warrants equal to: 2% (at a strike price to be mutually determined by the Parties for the first tranche of funding, up to $500 million), 1% (at a strike price to be mutually determined by the Parties for the tranche of funding ranging from $500,000,001 to $1,000,000,000), and 1% (at a strike price to be mutually determined by the Parties for any and all subsequent Debt Funding ($1,000,000,001 and greater)) of the outstanding common and preferred shares, warrants, options, and other forms of participation in the our Company on Closing.. The Agreement has an initial term of one (1) year and is cancellable by either party on ninety (90) days written notice. There is no guarantee that Edge will be successful in helping us obtain Project Financing.   Legal Proceedings   Presently, except as described below, there are not any material pending legal proceedings to which the Company is a party or as to which any of its property is subject, and no such proceedings are known to the Company to be threatened or contemplated against it.   On January 30, 2023, Leonard Tucker, LLC (“Tucker”), one of the holders of the Company’s Series B Convertible Non-Voting Preferred Stock (the “Series B Preferred Stock”) filed an action against the Company (the “Tucker Litigation”) in the Second Judicial District Court of the State of Nevada (Case No. CV23-00188) alleging breach of contract, breach of implied covenant of good faith and fair dealing, unjust enrichment, specific performance and declaratory relief (the “Tucker Complaint”). The Tucker Litigation arose from the 3-year Consulting Agreement the Company entered into with Tucker on December 17, 2020 (the “Tucker Agreement”), whereby Tucker agreed to perform certain strategic and business development services to the Company in exchange for 2,000,000 shares of Series B Preferred Stock and a consulting fee of $20,000 per month. The 2,000,000 shares of Series B Preferred Stock automatically converted into 20,000,000 shares of the Company’s common stock (the “Common Stock”) on January 1, 2023.    The Company’s Transfer Agent was instructed to not issue the shares of Common Stock because of the ongoing dispute between the Company and Tucker regarding Tucker’s ability to perform under the Tucker Agreement due to, among other things, the action filed by the SEC against Profile Solutions, Inc., Dan Oran and Tucker on September 9, 2022 in the United States District Court Southern District of Florida (Case No. 1:22-cv-22881) alleging, among other things, that Tucker violated Section 17(a)(1) and 17(a)(3) of the Securities Act of 1933, as amended (the “Securities Act”) and aided and abetted violations of Section 10(b) and Rule 10-b5 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Tucker is seeking, among other things, that the Company issue the shares of Common Stock issuable upon conversion of the Series B Preferred Stock pursuant to the Tucker Agreement. The Company is contesting all of the allegations set forth in the Tucker Complaint. On February 24, 2023, the Company removed the Tucker Litigation to the United States District of Nevada (Case No. 2:23-cv-00296).   On February 27, 2023, the Company filed counterclaims against Tucker and its principal, Leonard Tucker (the “Company Complaint”), wherein the Company sought a judgment against Tucker declaring the Tucker Agreement unenforceable and invalid, as well as damages related to its claims for breach of contract, breach of the implied covenant of good faith and fair dealing, fraud, and breach of duty against both Tucker and its principal. On March 10, 2023, the parties subsequently stipulated to stay the Tucker Litigation to attend binding arbitration. On January 31, 2024, the arbitrator entered an interim award in favor of the Company related to a discovery dispute in the arbitration for the sum of $19,625.    On January 25, 2024, the arbitrator entered her decision (the “Decision”) regarding the parties’ relative liability in the Tucker Litigation. Overall, the Decision concluded that the Company substantially prevailed on its claims, counterclaims, and defenses in the Tucker Litigation. First, the Decision concluded that the Company prevailed on its claim that the Tucker Agreement is invalid and unenforceable; and further concluded that the Company prevailed against Tucker on each of Tucker’s causes of action based on the Tucker Agreement, including Tucker’s claims for breach of contract, breach of the breach of the implied covenant of good faith and fair dealing, specific performance, and declaratory relief. Second, the Decision concluded no fraud or breach of duty with respect to Tucker and its principal; and further concluded that Tucker may be entitled to retain the compensation paid by the Company for its services under an unjust enrichment theory, in an amount to be determined.  Based on the forgoing Decision, the arbitrator ordered the parties to the Tucker Litigation to submit supplementary briefing regarding their respective available remedies.   On April 15, 2024, the arbitrator heard the parties arguments on the supplementary briefing regarding remedies and ruled (i) 100% of the shares issued to Tucker as compensation under the Tucker Agreement be cancelled as a result of the Tucker Agreement being invalid and unenforceable and (ii) Tucker was entitled to unjust enrichment damages in an amount equal to the monthly fee under the Tucker Agreement for the period of engagement until the Company retained a licensed broker dealer to replace the services being performed under the Tucker Agreement.   As a result of the arbitrator’s decision with respect to remedies, the Company paid Tucker the amount of $375, calculated as $20,000 fee owed to Tucker, minus the $19,625 awarded to the Company.

v3.24.3

DISCONTINUED OPERATIONS	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	NOTE 13 — DISCONTINUED OPERATIONS   In accordance with the provisions of ASC 205-20, Presentation of Financial Statements, we have separately reported the liabilities of the discontinued operations in the consolidated balance sheets. The liabilities have been reflected as discontinued operations in the consolidated balance sheets as of September 30, 2024 and December 31, 2023, and consist of the following:   Schedule of discontinued operations                     September 30, 2024   December 31, 2023 Current Liabilities of Discontinued Operations:                 Accounts payable   $ 49,159     $ 49,159   Accrued expenses     6,923       6,923   Loans payable     11,011       11,011   Total Current Liabilities of Discontinued Operations:   $ 67,093     $ 67,093

v3.24.3

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14 – SUBSEQUENT EVENTS   In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date of filing and has determined that it has the following material subsequent events to disclose in these consolidated financial statements.   On October 2, 2024 the Company issued a promissory note to ClearThink Capital Partners, LLC. The Company received $75,000. The note amount of $82,500 (includes $7,500 OID), bears interest at 10% and matures on December 2, 2024. Pursuant to the terms of the Notes, the Company issued ClearThink 2,000,000 shares of the Company’s common stock.   On October 2, 2024, the Company issued a promissory note to GS Capital Partners, LLC. The Company received $75,000. The note amount of $82,500 (includes $7,500 OID), bears interest at 10% and matures on December 2, 2024. Pursuant to the terms of the Notes, the Company issued GS Capital 2,000,000 shares of the Company’s common stock.   On October 14, 2024, ClearThink converted $50,000 of principal into 5,681,818 shares of common stock.   On November 4, 2024, GS Capital converted $20,000 and $3,610 of principal and interest, respectively, into 3,412,319 shares of common stock.   Subsequent to September 30, 2024, the Company issued 2,000,000 shares of common stock for services . The shares were valued at $0.0204, the closing stock price on the date of grant, for total non-cash expense of $40,800.   On November 13, 2024 (the “Closing Date”), Clean Vision Corporation’s (“Clean Vision” or the “Company”) wholly-owned subsidiary, Clean-Seas West Virginia, Inc. (the “Clean-Seas WV”), closed on the transactions set forth in that certain Credit Agreement (the “Credit Agreement”) between Clean-Seas WV and The Huntington National Bank, a national banking association (the “Lender”). Pursuant to the Credit Agreement, the Lender agreed to make a term loan (the “Term Loan”) to Clean-Seas WV in the amount of $15,000,000, with the proceeds to be used for costs and expenses associated with the development and construction of Clean-Seas WV’s recycling and processing facility located in Kanawha County, West Virginia.   Pursuant to the Credit Agreement, the proceeds of the Term Loan will be funded to Clean-Seas WV in two extensions (each, a “Credit Extension”) as follows: (i) the initial Credit Extension in the amount of $5,000,000 on the Closing Date; and (ii) the second Credit Extension in the amount of $10,000,000 upon the satisfaction or waiver of the conditions set forth in Section 4.2 of the Credit Agreement, including, but not limited to, the delivery to the Lender of an executed performance and payment bond issued by a surety company listed on the Federal Treasury List that is rated A or higher by A.M. Best in an amount equal to $15,000,000 naming the Lender as beneficiary. On the Closing Date, Clean-Seas WV paid an upfront fee in the amount of $75,000 to the Lender.   The Term Loan is evidenced by a promissory note (the “Term Note”) executed by Clean-Seas WV in favor of the Lender with interest due and payable on the 15th calendar day of each month while any amount remains outstanding and the principal amount to be repaid in full on the maturity date of February 1, 2027. The Term Note bears interest at a rate per annum equal to Term SOFR (as defined in the Credit Agreement) plus 3.75% per annum. Upon the occurrence and during the continuance of an event of default, the interest rate applicable to the Term Note shall be equal to 2% per annum above the interest rate otherwise applicable (the “Default Rate”) and all such interest accrued at the Default Rate shall be due and payable on demand of the Lender.

v3.24.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation   The Company’s unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”), and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company as of and for the nine month period ending September 30, 2024 and not necessarily indicative of the results to be expected for the full year ending December 31, 2024. These unaudited consolidated financial statements should be read in conjunction with the financial statements and related notes included in the Company’s financial statements for the year ended December 31, 2023.
Use of Estimates	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 financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Concentrations of Credit Risk	Concentrations of Credit Risk   We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. At times, such deposits may be in excess of the Federal Deposit Insurance Corporation insurable amount (“FDIC”).  As of September 30, 2024, the Company had no cash in excess of the FDIC’s $250,000 coverage limit.
Cash Equivalents	Cash Equivalents   The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no cash equivalents for the periods ended September 30, 2024 and December 31, 2023.
Principles of Consolidation	Principles of Consolidation   The accompanying unaudited consolidated financial statements for the period ended September 30, 2024, include the accounts of the Company and its wholly owned subsidiaries, Clean-Seas, Inc., Clean-Seas India Private Limited, Clean-Seas Group, Endless Energy, Inc., EcoCell, Inc., Clean-Seas Arizona, Inc., Clean-Seas West Virginia, and our 51% owned subsidiary, Clean-Seas Morocco, LLC. As of September 30, 2024, there was no activity in Clean-Seas Group, Endless Energy or Clean-Seas Arizona. All intercompany transactions are eliminated in consolidation.
Translation Adjustment	Translation Adjustment   The accounts of the Company’s subsidiary Clean-Seas India are maintained in Rupees and the accounts of Clean-Seas Morocco in Moroccan dirham. In accordance with the Codification, all assets and liabilities were translated at the current exchange rate at respective balance sheets dates, members’ capital are translated at the historical rates and income statement items are translated at the average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income in accordance with the Comprehensive Income Topic of the Codification (ASC 220), as a component of members’ capital. Transaction gains and losses are reflected in the income statement.
Comprehensive Income	Comprehensive Income The Company uses SFAS 130 “Reporting Comprehensive Income” (ASC Topic 220).  Comprehensive income is comprised of net income and all changes to the statements of members’ capital, except those due to investments by members, changes in paid-in capital and distributions to members.
Basic and Diluted Earnings Per Share	Basic and Diluted Earnings Per Share   Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification.  Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.  Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. As of September 30, 2024, there are warrants to purchase up to 296,138,059 shares of common stock and approximately 186,597,000 dilutive shares of common stock from convertible notes payable. As of September 30, 2023, there are warrants to purchase up to 116,944,802 shares of common stock and approximately 158,000,000 dilutive shares of common stock from a convertible note payable. As of September 30, 2024 and 2023, there are 20,000,000 and 20,000,000 potentially dilutive shares of common stock, respectively, if the Series C preferred stock were to be converted. As of September 30, 2024 and 2023, the Company’s diluted loss per share is the same as the basic loss per share, as the inclusion of any potential shares would have had an anti-dilutive effect due to the Company generating a loss.
Stock-Based Compensation	Stock-Based Compensation   In June 2018, the FASB issued ASU 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. ASU 2018-07 allows companies to account for nonemployee awards in the same manner as employee awards. The guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those annual periods. We adopted this ASU on January 1, 2019.
Goodwill	Goodwill   The Company accounts for business combinations under the acquisition method of accounting in accordance with Accounting Standards Codification (“ASC”) 805, Business Combinations, where the total purchase price is allocated to the tangible and identified intangible assets acquired and liabilities assumed based on their estimated fair values. The purchase price is allocated using the information currently available, and may be adjusted, up to one year from acquisition date, after obtaining more information regarding, among other things, asset valuations, liabilities assumed and revisions to preliminary estimates. The purchase price in excess of the fair value of the tangible and identified intangible assets acquired less liabilities assumed is recognized as goodwill.   In accordance with ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, the Company will test for indefinite-lived intangibles and goodwill impairment in the fourth quarter of each year and whenever events or circumstances indicate that the carrying amount of the asset exceeds its fair value and may not be recoverable.
Derivative Financial Instruments	Derivative Financial Instruments   The Company evaluates its convertible notes to determine if such instruments have derivatives or contain features that qualify as embedded derivatives. 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 uses a weighted-average Black-Scholes-Merton option pricing 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.
Fair Value of Financial Instruments	Fair Value of Financial Instruments   The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification(“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP) and expands disclosures about fair value measurements.  To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels.  The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below:   Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.   Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.   Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data.   The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments.  The Company’s notes payable represents the fair value of such instruments as the notes bear interest rates that are consistent with current market rates.   The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of: September 30, 2024 Schedule of liabilities measured fair value on recurring basis             Description   Level 1   Level 2   Level 3   Derivative     $ —       $ —       $ 251,721     Total     $ —       $ —       $ 251,721     December 31, 2023 Description   Level 1   Level 2   Level 3   Derivative     $ —       $ —       $ 598,306     Total     $ —       $ —       $ 598,306
Revenue Recognition	Revenue Recognition   The Company recognizes revenue under ASC 606, “Revenue from Contracts with Customers” (“ASC 606”). The Company determines revenue recognition through the following steps:     ● Identification of a contract with a customer;   ● Identification of the performance obligations in the contract;     ● Determination of the transaction price;   ● Allocation of the transaction price to the performance obligations in the contract; and   ● Recognition of revenue when or as the performance obligations are satisfied.   Revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Shipping and handling activities associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment activity and recognized as revenue at the point in time at which control of the goods transfers to the customer. As a practical expedient, the Company does not adjust the transaction price for the effects of a significant financing component if, at contract inception, the period between customer payment and the transfer of goods or services is expected to be one year or less.   Our business model is focused on generating revenue from the following sources:   (i) Service revenue from the recycling services we provide. We plan to establish plastic feedstock agreements with a number of feedstock suppliers for the delivery of plastic to our facilities. Much of this plastic is currently a cost center for such feedstock suppliers, who pay "tipping fees" to landfills or incinerators. We will accept this plastic feedstock at reduced price or for no tipping fees. In some cases, feedstock suppliers will also share in revenue on products produced from their feedstock.  This revenue will be realized and recognized upon receipt of feedstock at one of our facilities.   (ii) Revenue generated from the sale of commodities. We will produce commodities including, but not limited to, pyrolysis oil, fuel oil, lubricants, synthetic gas, hydrogen, and carbon char. We are in negotiation with chemical and oil companies for purchasing, or off-taking, fuels and oils we produce, and exploring applications for carbon char. This revenue will be recognized upon shipment of products from one of our facilities and in some cases off-takers may pre-pay for a contractual obligation to buy our commodities.   (iii) Revenue generated from the sale of environmental credits. Our products are eligible for numerous environmental credits, including but not limited to carbon credits, plastic credits, and biodiversity credits. These credits may be monetized directly on the relevant markets or may be realized as value-add to off-takers, who will pay a premium for eligible products. Revenue from these credits will be recognized upon sale of applicable environmental credits on recognized markets, and/or upon sale of commodities to off-takers when that off-take includes an environmental credit premium.   (iv) Revenue generated from royalties and/or the sale of equipment. We expect to develop or acquire intellectual property which could generate revenue through royalties and/or sales of manufactured equipment.  Revenue may be recognized upon the terms of a contracted sale agreement.    For the period ended September 30, 2024, our operations in Morocco had generated approximately $108,000 in revenue. During the period, 93% of revenue was from one party. As of September 30, 2024, we did not generate revenue from any other sources.
Trade Accounts Receivable	Trade Accounts Receivable   Trade accounts receivable are amounts due from customers under normal trade terms. After assessing the creditworthiness of our customers and considering our historical experience, anticipated future operations, and prevailing economic conditions, we have determined that the application of the current expected credit loss (CECL) methodology would be immaterial to our financial statements. Consequently, no allowance for credit losses has been recorded as of the year-end. The absence of a recorded allowance for credit losses reflects our judgment that potential credit losses on outstanding receivables are negligible. As of September 30, 2024, approximately 72% of accounts receivable are due from one customer.
Inventory	Inventory   Inventory consists of plastic bottles that are acquired at no cost and are held for use in our pyrolysis process, which converts these materials into pyrolysis oil, carbon char, and other commodities. In accordance with U.S. Generally Accepted Accounting Principles (GAAP), these bottles are recorded at the lower of cost or market. Since the acquisition cost of the bottles is zero, and there is no significant alternative market value attributable to these materials before conversion, the carrying value of this inventory is recorded at $0 on our consolidated balance sheets.    The absence of a recorded cost for the plastic bottles does not reflect their importance to our production process or potential value of the end products. This accounting treatment is specific to the characteristics of the materials used and does not imply any underlying concerns about the viability or value of the final products produced through our pyrolysis process.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements   The Company has implemented all new applicable accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

v3.24.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Schedule of liabilities measured fair value on recurring basis	Schedule of liabilities measured fair value on recurring basis             Description   Level 1   Level 2   Level 3   Derivative     $ —       $ —       $ 251,721     Total     $ —       $ —       $ 251,721     December 31, 2023 Description   Level 1   Level 2   Level 3   Derivative     $ —       $ —       $ 598,306     Total     $ —       $ —       $ 598,306

v3.24.3

PROPERTY & EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of property and equipment stated at cost	Schedule of property and equipment stated at cost                     September 30, 2024   December 31, 2023 Pyrolysis unit   $ 185,700     $ 185,691   Equipment     566,579       436,532   Buildings and fixtures     549,303       493,411   Land     3,883,607       3,867,095   Office furniture     2,301       998   Less: accumulated depreciation     (259,131 )     (100,161 ) Property and equipment, net   $ 4,928,359     $ 4,883,566

v3.24.3

CONVERTIBLE NOTES PAYABLE (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of convertible notes outstanding	Schedule of convertible notes outstanding                                           Note Holder   Date   Maturity Date   Interest   Balance December 31, 2023     Additions     Repayments / Conversions   Balance September 30, 2024 Walleye Opportunities Fund   2/21/2023   12/1/2024     5%     436,316       —       —     436,316 Walleye Opportunities Fund   4/10/2023   4/10/2024     5%     1,500,000       —       —     1,500,000 Walleye Opportunities Fund   5/26/2023   5/26/2024     5%     1,714,286       —       —     1,714,286 Coventry Enterprises, LLC   7/31/2023   7/31/2024     10%     500,000       —       (500,000) (1)     — GS Capital Partners   10/26/2023   7/26/2024     12%     330,000       —       (275,000)     55,000 Clearthink Capital Partners   2/12/2024   11/12/2024     12%     —       220,000       (50,000)     170,000 Trillium Partners LP   2/22/2024   1/15/2025     10%     —       754,993(2)       (291,778)     463,215 Walleye Opportunities Fund   3/25/2024   12/1/2024     5%     —       666,666       —     666,666 Clearthink Capital Partners   5/24/2024   1/24/2025     12%     —       110,000       —     110,000 Coventry Enterprises, LLC   6/14/2024   5/15/2025     10%     —       100,000       —     100,000 Total                 $ 4,480,602     $ 1,851,659     $ (1,116,778)   $ 5,215,483 Less debt discount                  $ (1,701,403)             (782,889) Convertible notes payable, net                 $ 2,779,199                   $ 4,432,594   (1) $314,284 was repaid in cash, $146,430 was forgiven along with $50,000 of accrued interest. (2) $174,993 add to principal for default penalty.
Schedule of activity of derivative liability	Schedule of activity of derivative liability     Balance at December 31, 2023   $ 598,306   Increase to derivative due to new issuances     593,950   Decrease to derivative due to mark to market     (342,229 ) Decrease to derivative due to modification of conversion terms     (598,306 ) Balance at September 30, 2024   $ 251,721

v3.24.3

WARRANTS (Tables)	9 Months Ended
	Sep. 30, 2024
Other Liabilities Disclosure [Abstract]
Schedule of warrants	Schedule of warrants                                                               Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Contract Term   Intrinsic Value Outstanding, December 31, 2022     9,040,000     $ 0.02       2.25       Issued     107,914,802     $ 0.04       4.46       Cancelled     —     $ —       —       Exercised     —     $ —       —       Outstanding, December 31, 2023     116,954,802     $ 0.037       4.25   $ 345,500 Issued     181,365,075     $ 0.03       5       Cancelled     —     $ —       —       Exercised     (2,181,818)     $ —       —       Outstanding, September 30, 2024     296,138,059     $ 0.033       4.23   $ —

v3.24.3

DISCONTINUED OPERATIONS (Tables)	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of discontinued operations	Schedule of discontinued operations                     September 30, 2024   December 31, 2023 Current Liabilities of Discontinued Operations:                 Accounts payable   $ 49,159     $ 49,159   Accrued expenses     6,923       6,923   Loans payable     11,011       11,011   Total Current Liabilities of Discontinued Operations:   $ 67,093     $ 67,093

v3.24.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Inputs, Level 1 [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Derivative Asset
Fair Value, Inputs, Level 2 [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Derivative Asset
Fair Value, Inputs, Level 3 [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Derivative Asset	251,721	598,306
Derivative [Member] | Fair Value, Inputs, Level 1 [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Derivative Asset
Derivative [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Derivative Asset
Derivative [Member] | Fair Value, Inputs, Level 3 [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Derivative Asset	$ 251,721	$ 598,306

v3.24.3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Cash, FDIC insured amount	$ 250,000
Cash equivalents	$ 0		$ 0
Dilutive shares of common stock	20,000,000	20,000,000
Common Stock [Member]
Warrants to purchase shares	296,138,059	116,944,802
Dilutive shares from convertible notes payable	186,597,000	158,000,000

v3.24.3

GOING CONCERN (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 40,370,138
Net loss	$ 5,705,277	$ 6,456,541

v3.24.3

BUSINESS COMBINATIONS (Details Narrative) - Morocco Acquisition [Member]	9 Months Ended
	Sep. 30, 2024 USD ($)
Business Acquisition [Line Items]
Paid aggregate purchase price	$ 6,500,000
Business acquisition description	(i) $2,000,000 was paid on the Morocco Closing Date and (ii) the remaining $4,500,000 is to be paid to Ecosynergie Group over a period of ten (10) months from the Morocco Closing Date. Additionally, Clean-Seas committed to invest up to $50,000,000 in Clean-Seas Morocco over a period of ten (10) months from the Morocco Closing Date (the “Clean-Seas Morocco Investment”).
Goodwill	$ 4,584,622

v3.24.3

PROPERTY & EQUIPMENT (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation	$ (259,131)	$ (100,161)
Property and equipment, net	4,928,359	4,883,566
Pyrolysis Unit [Member]
Property, Plant and Equipment [Line Items]
Office furniture	185,700	185,691
Equipment [Member]
Property, Plant and Equipment [Line Items]
Office furniture	566,579	436,532
Building And Fixtures [Member]
Property, Plant and Equipment [Line Items]
Office furniture	549,303	493,411
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Office furniture	3,883,607	3,867,095
Officer [Member]
Property, Plant and Equipment [Line Items]
Office furniture	$ 2,301	$ 998

v3.24.3

PROPERTY & EQUIPMENT (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 133,685	$ 0
Minimum [Member]
Property, Plant and Equipment [Line Items]
Etimated useful lives	3 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Etimated useful lives	10 years
Depreciation Method, Straight-Line [Member]
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 5,000
Depreciation Method, Straight-Line [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Etimated useful lives	5 years
Depreciation Method, Straight-Line [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Etimated useful lives	10 years

v3.24.3

LOANS PAYABLE (Details Narrative) - USD ($)			9 Months Ended
	Sep. 25, 2023	Jun. 12, 2023	Sep. 30, 2024	Dec. 31, 2023
Financing loan			$ 822,808	$ 780,656
Bears interest rate			8.75%
Monthly payments			$ 4,245
Due within year			1 year
Balance due			$ 16,509
State incentives value		$ 12,000,000
Cash to establish incentives value		$ 1,750,000
Cash disbursement	$ 1,750,000
Director [Member]
Financing loan			$ 40,800

v3.24.3

CONVERTIBLE NOTES PAYABLE (Details) - USD ($)		9 Months Ended
		Sep. 30, 2024	Dec. 31, 2023
Balance		$ 5,215,483	$ 4,480,602
Repayments / Conversions		(1,116,778)
Additions		1,851,659
Less debt discount		(782,889)	(1,701,403)
Convertible notes payable, net		$ 4,432,594	2,779,199
Walleye Opportunities Fund [Member]
Date		2/21/2023
Maturity Date		12/1/2024
Interest		5.00%
Balance		$ 436,316	436,316
Walleye Opportunities Fund 1 [Member]
Date		4/10/2023
Maturity Date		4/10/2024
Interest		5.00%
Balance		$ 1,500,000	1,500,000
Walleye Opportunities Fund 2 [Member]
Date		5/26/2023
Maturity Date		5/26/2024
Interest		5.00%
Balance		$ 1,714,286	1,714,286
Coventry Enterprises L L C [Member]
Date		7/31/2023
Maturity Date		7/31/2024
Interest		10.00%
Balance			500,000
Repayments / Conversions	[1]	$ (500,000)
G S Captial Partners [Member]
Date		10/26/2023
Maturity Date		7/26/2024
Interest		12.00%
Balance		$ 55,000	$ 330,000
Repayments / Conversions		$ (275,000)
Clearthink Capital Partners [Member]
Date		2/12/2024
Maturity Date		11/12/2024
Interest		12.00%
Balance		$ 170,000
Repayments / Conversions		(50,000)
Additions		$ 220,000
Trillium Partners L P [Member]
Date		2/22/2024
Maturity Date		1/15/2025
Interest		10.00%
Balance		$ 463,215
Repayments / Conversions		(291,778)
Additions	[2]	$ 754,993
Walleye Opportunities Fund 3 [Member]
Date		3/25/2024
Maturity Date		12/1/2024
Interest		5.00%
Balance		$ 666,666
Additions		$ 666,666
Clearthink Capital Partners 1 [Member]
Date		5/24/2024
Maturity Date		1/24/2025
Interest		12.00%
Balance		$ 110,000
Additions		$ 110,000
Coventry Enterprises L L C 1 [Member]
Date		6/14/2024
Maturity Date		5/15/2025
Interest		10.00%
Balance		$ 100,000
Additions		$ 100,000
[1] $314,284 was repaid in cash, $146,430 was forgiven along with $50,000 of accrued interest. [2] $174,993 add to principal for default penalty.

v3.24.3

CONVERTIBLE NOTES PAYABLE (Details 1)	9 Months Ended
	Sep. 30, 2024 USD ($)
Debt Disclosure [Abstract]
Balance at December 31, 2023	$ 598,306
Increase to derivative due to new issuances	593,950
Decrease to derivative due to mark to market	(342,229)
Decrease to derivative due to modification of conversion terms	(598,306)
Balance at September 30, 2024	$ 251,721

v3.24.3

CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($)	Jun. 14, 2024	May 29, 2024	Feb. 15, 2024	Feb. 12, 2024	Oct. 26, 2023	Jul. 31, 2023	May 26, 2023	Apr. 10, 2023	Feb. 21, 2023	Feb. 25, 2024	Aug. 31, 2023	Feb. 25, 2023	Feb. 17, 2023
Clear Think Capital L L C [Member] | Clear Think Note [Member]
Debt Instrument [Line Items]
Principal amount				$ 220,000
Maturity date				Nov. 12, 2024
Interest rate				12.00%
Lump-sum interest payment				$ 26,400
Principal payments installments amount				50,000
February Purchase Agreement [Member] | Walleye Opportunities Master Fund Ltd [Member]
Debt Instrument [Line Items]
Principal amount									$ 4,000,000
February Purchase Agreement [Member] | Walleye Opportunities Master Fund Ltd [Member] | February Note [Member]
Debt Instrument [Line Items]
Principal amount									$ 2,500,000
Warrant to purchase share									29,434,850
Maturity date						Jul. 31, 2024			Feb. 21, 2024
Original issue discount									2.00%
Convertible, share price									$ 0.0389
Debt conversion, description									The amendment changes the conversion price to $0.03 and extends the maturity date to December 1, 2024.
February Purchase Agreement [Member] | Walleye Opportunities Master Fund Ltd [Member] | April Note [Member]
Debt Instrument [Line Items]
Principal amount								$ 1,500,000
Warrant to purchase share								17,660,911
Original issue discount								2.00%
Convertible, share price								$ 0.03
Interest rate								5.00%
May Purchase Agreement [Member] | Walleye Opportunities Master Fund Ltd [Member] | May Note [Member]
Debt Instrument [Line Items]
Principal amount							$ 1,714,285
Warrant to purchase share							44,069,041
Original issue discount							30.00%
Convertible, share price							$ 0.0389
Interest rate							5.00%
May Purchase Agreement [Member] | Walleye Opportunities Master Fund Ltd [Member] | March Investor [Member]
Debt Instrument [Line Items]
Principal amount									$ 2,500,000	$ 666,666			$ 4,000,000
Warrant to purchase share									29,434,850			22,222,220
Exercise price												$ 0.03
August Purchase Agreement [Member] | Coventry Enterprises L L C [Member] | August Note [Member]
Debt Instrument [Line Items]
Principal amount	$ 100,000					$ 500,000
Original issue discount							15.00%
Interest rate											10.00%
Principal amount						21,000,000
Conversion price							0.90
Amount of each note											$ 78,571
Original issue discount	10,000
August Purchase Agreement [Member] | Coventry Enterprises L L C [Member] | August Note [Member] | Commitments Shares [Member]
Debt Instrument [Line Items]
Shares issued	$ 5,000,000
October Purchase Agreement [Member] | G S Capital Partners [Member] | October Note [Member]
Debt Instrument [Line Items]
Principal amount					$ 660,000
Amount of each note					330,000
Original issue discount					30,000
Purchase price					$ 300,000
Shares price					$ 0.001
October Purchase Agreement [Member] | G S Capital Partners [Member] | October Note [Member] | First Note Commitments Shares [Member]
Debt Instrument [Line Items]
Shares issued					$ 800,000
October Purchase Agreement [Member] | G S Capital Partners [Member] | October Note [Member] | Returnable Shares [Member]
Debt Instrument [Line Items]
Shares issued					$ 7,500,000
Required shares to issue					15,000,000
S P A [Member] | Clear Think Capital L L C [Member] | Clear Think Note [Member]
Debt Instrument [Line Items]
Principal amount				440,000
Amount of each note				220,000
Original issue discount				20,000
Purchase price				200,000
S P A [Member] | Clear Think Capital L L C [Member] | Clear Think Note [Member] | Returnable Shares [Member]
Debt Instrument [Line Items]
Shares issued				2,500,000
S P A [Member] | Clear Think Capital L L C [Member] | Clear Think Note [Member] | Commitments Shares [Member]
Debt Instrument [Line Items]
Shares issued				$ 3,100,000
S P A [Member] | Investor [Member]
Debt Instrument [Line Items]
Principal amount		$ 110,000
Amount of each note		110,000
Original issue discount		10,000
Purchase price		$ 110,000
Trillium Agreement [Member] | Trillium Partners L P [Member] | Trillium Note [Member]
Debt Instrument [Line Items]
Principal amount			$ 580,000
Maturity date			Jan. 15, 2025
Original issue discount			$ 87,500
Principal payments installments amount			91,142
Total principal payments			638,000
Trillium Agreement [Member] | Trillium Partners L P [Member] | Trillium Note [Member] | Commitments Shares [Member]
Debt Instrument [Line Items]
Shares issued			$ 4,000,000
S T A R T A Purchase Agreement [Member] | Investor [Member]
Debt Instrument [Line Items]
Shares price		$ 0.001
Shares issued		$ 5,000,000
S T A R T A Purchase Agreement [Member] | Investor [Member] | Commitments Shares [Member]
Debt Instrument [Line Items]
Shares issued		5,000,000
Shares issued, value		$ 5,000,000

v3.24.3

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Due to management value	$ 761,616		$ 549,946
Note payable descriptins	(i) $2,000,000 was paid on the Morocco Closing Date and (ii) the remaining $4,500,000 is to be paid to Ecosynergie Group over a period of ten (10) months from the Morocco Closing Date. To date no additional payments have been made.
Morocco Acquisition [Member]
Paid aggregate purchase price	$ 6,500,000
Chief Executive Officer [Member]
Accrued compensation value	279,000	$ 189,000
Chief Financial Officer [Member]
Accrued compensation value	$ 15,000	0
Consulting agreement descriptins	The Company entered into a consulting agreement with Rachel Boulds, effective as of May 1, 2021, to serve as part-time Chief Financial Officer for compensation of $5,000 per month, which increased to $7,500 in June 2023.
Chief Revenue Officer [Member]
Accrued compensation value	$ 42,500	17,500
Former C T O [Member]
Accrued compensation value	60,000	60,000
Michael Dorsey Direct [Member]
Accrued compensation value	4,500
Director fees	9,000	9,000
Greg Boehmer Director [Member]
Accrued compensation value	4,500
Director fees	9,000	9,000
Consulting services	9,000		$ 0
Bart Fisher Director [Member]
Accrued compensation value	4,500
Director fees	9,000	9,000
Bartholomew Pan Kita Director [Member]
Accrued compensation value	25,000
Director fees	$ 5,000
Green Invest Solutions Ltd [Member]
Other loans payable		$ 70,000

v3.24.3

COMMON STOCK (Details Narrative) - Common Stock [Member] - USD ($)										3 Months Ended						9 Months Ended
	May 29, 2024	May 06, 2024	Mar. 22, 2024	Feb. 23, 2024	Feb. 22, 2024	Feb. 15, 2024	Feb. 09, 2024	Jan. 17, 2024	Jan. 09, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss) [Line Items]
Granted shares	370,370		40,000	5,000,000	3,600,000		455,840			9,010,370	10,000,000	455,840	32,930,000	500,000	4,950,000
Share price	$ 0.0216		$ 0.0248	$ 0.0351	$ 0.0248		$ 0.0351
Non-cash compensation expense	$ 8,000		$ 992	$ 171,500	$ 89,280		$ 16,000
Issued shares												5,000,000			16,750,000
Clear Think [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issued shares							1,600,000
Converted principal amount																$ 50,000
Converted shares																5,454,545
Trillium Partners [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issued shares						4,000,000
Converted principal amount																$ 291,778
Converted interest amount																$ 55,803
Converted shares																44,087,985
Transfer Agents [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issued shares		432,012
ClearThink Capital Partners, LLC. [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Converted principal amount																$ 275,000
Converted interest amount																$ 29,076
Converted shares																29,368,294
Coventry [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Converted principal amount																$ 39,285
Converted shares																4,454,165
January Agreement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Purchased shares									15,000,000
Share price									$ 0.001
Aggregate purchase price									$ 300,000
Conversion amount								$ 100,000
Exchange shares								5,000,000

v3.24.3

PREFERRED STOCK (Details Narrative) - $ / shares	Feb. 19, 2021	Sep. 30, 2024	Dec. 31, 2023	Jan. 30, 2023	Dec. 17, 2020	Dec. 14, 2020	Sep. 21, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred shares, authorized		4,000,000	4,000,000
Preferred shares, par value		$ 0.001	$ 0.001
Series A Redeemable Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred shares, authorized							2,000,000
Series B Convertible [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred shares, authorized						2,000,000
Series B Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred shares, authorized				2,000,000	2,000,000
Series C Convertible Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred shares, authorized	2,000,000
Preferred stock voting rights	100 votes
Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred shares, authorized		10,000,000	10,000,000
Preferred shares, par value		$ 0.001	$ 0.001

v3.24.3

WARRANTS (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Number of warrants outstanding, beginning	116,954,802	9,040,000	9,040,000
Weighted average exercise price outstanding, beginning	$ 0.037	$ 0.02	$ 0.02
Weighted average remaining contract term	4 years 2 months 23 days		4 years 3 months	2 years 3 months
Number of warrants outstanding, Issued	181,365,075	107,914,802
Weighted average exercise price outstanding, Issued	$ 0.03	$ 0.04
Weighted average remaining contract term, Issued	5 years		4 years 5 months 15 days
Number of warrants outstanding, Cancelled
Weighted average exercise price outstanding, Cancelled
Number of warrants outstanding, Exercised	2,181,818
Weighted average exercise price outstanding, Exercised
Intrinsic value	$ 345,500
Number of warrants outstanding, Exercised	(2,181,818)
Number of warrants outstanding, ending	296,138,059		116,954,802	9,040,000
Weighted average exercise price outstanding, ending	$ 0.033		$ 0.037	$ 0.02

v3.24.3

WARRANTS (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Other Liabilities Disclosure [Abstract]
Number of warrants outstanding	181,365,075	107,914,802
Weighted average exercise price outstanding	$ 0.03	$ 0.04
Fair value for warrants	$ 575,690

v3.24.3

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)		9 Months Ended
	Jan. 30, 2023	Sep. 30, 2024	Dec. 31, 2023	Dec. 17, 2020
Preferred shares, authorized		4,000,000	4,000,000
Arbitrator's decision, descriptions		Company paid Tucker the amount of $375, calculated as $20,000 fee owed to Tucker, minus the $19,625 awarded to the Company.
Series B Preferred Stock [Member]
Shares issued	2,000,000
Consulting fee	$ 20,000
Preferred shares, authorized	2,000,000			2,000,000
Converted shares	20,000,000

v3.24.3

DISCONTINUED OPERATIONS (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current Liabilities of Discontinued Operations:
Accounts payable	$ 49,159	$ 49,159
Accrued expenses	6,923	6,923
Loans payable	11,011	11,011
Total Current Liabilities of Discontinued Operations:	$ 67,093	$ 67,093

v3.24.3

SUBSEQUENT EVENTS (Details Narrative)	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Pursuant to credit agreement	(i) the initial Credit Extension in the amount of $5,000,000 on the Closing Date; and (ii) the second Credit Extension in the amount of $10,000,000 upon the satisfaction or waiver of the conditions set forth in Section 4.2 of the Credit Agreement, including, but not limited to, the delivery to the Lender of an executed performance and payment bond issued by a surety company listed on the Federal Treasury List that is rated A or higher by A.M. Best in an amount equal to $15,000,000 naming the Lender as beneficiary. On the Closing Date, Clean-Seas WV paid an upfront fee in the amount of $75,000 to the Lender.

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