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

Share Name	Share Symbol	Market	Type
Cloudweb Inc (PK)	USOTC:CLOW	OTCMarkets	Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.0006	-1.33%	0.0444	0.033	0.045	0.0444	0.03875	0.03875	1,512	20:08:18

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

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

	For the quarterly period ended June 30, 2023

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

	For the transition period from _________ to _________

Commission File Number 333-199193

Cloudweb, Inc.

(Exact name of registrant as specified in its charter)

Florida		47-0978297
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)

800 W El Camino Real Suite 180 Mountain View, CA		94040
(Address of principal executive offices)		(Zip Code)

650-963-7749

(Registrant’s telephone number, including area code)

N/A

(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
None	None	None

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

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒ Yes ☐ NO

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

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

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

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

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. ☐ YES ☐ NO

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

27,819,385 common shares issued and outstanding as of July 29, 2023.

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION

Item 1.	Financial Statements	3
Item 2.	Management’s Discussion and Analysis of Financial Condition or Plan of Operation	12
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	15
Item 4.	Controls and Procedures	15

PART II - OTHER INFORMATION

Item 1.	Legal Proceedings	16
Item 1A.	Risk Factors	16
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	16
Item 3.	Defaults Upon Senior Securities	16
Item 4.	Mine Safety Disclosures	16
Item 5.	Other Information	16
Item 6.	Exhibits	17
SIGNATURES		18

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PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

CLOUDWEB, INC.

BALANCE SHEETS

(in U.S. Dollars, except for number of shares or otherwise stated)

	June 30, 2023			December 31, 2022
ASSETS

Total Current Assets	$	-		$	-

TOTAL ASSETS	$	-		$	-

LIABILITIES AND STOCKHOLDERS’ DEFICIT

Current Liabilities
Accounts payable and accrued liabilities	$	60,597		$	59,656
Accrued interest		199,044			181,058
Promissory notes payable		2,160			2,160
Convertible notes payable, net of note discount		153,482			153,482
Due to related party		119,869			96,760
Total Current Liabilities		535,152			493,116

Promissory notes payable		67,326			67,326

Total Liabilities		602,478			560,442

Stockholders’ Deficit
Common stock, no par value; 500,000,000 shares authorized, 27,819,385 shares issued and outstanding		237,937,821			237,937,821
Additional paid-in capital		(5,091,518	)		(5,091,518	)
Accumulated deficit		(233,352,565	)		(233,310,529	)
Accumulated deficit from discontinued operations		(96,216	)		(96,216	)
Total Stockholders’ Deficit		(602,478	)		(560,442	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	-		$	-

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

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CLOUDWEB, INC.

STATEMENTS OF OPERATIONS

FOR THE SIX MONTHS AND THREE MONTHS ENDED JUNE 30, 2023 AND 2022

(in U.S. Dollars, except for number of shares or otherwise stated)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2023			2022			2023			2022

OPERATING EXPENSES
Professional fees	$	11,550		$	9,500		$	24,050		$	28,800
Total Operating Expenses		11,550			9,500			24,050			28,800

OTHER EXPENSES
Interest expense		(9,043	)		(9,635	)		(17,986	)		(19,363	)
Total Operating Expenses		(9,043	)		(9,635	)		(17,986	)		(19,363	)

NET LOSS	$	(20,593	)	$	(19,135	)	$	(42,036	)	$	(48,163	)

NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		27,819,385			27,124,940			27,819,385			23,999,940

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

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CLOUDWEB, INC.

STATEMENTS OF STOCKHOLDERS’ DEFICIT

FOR THE THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 2023 AND 2022

(in U.S. Dollars, except for number of shares or otherwise stated)

											Accumulated Deficit
											From
	Common Stock (no par value)				Additional						Discontinued			Total
	Number of Shares		Amount		Paid-In Capital			Accumulated Deficit			Operations Deficit			Stockholders’ Deficit

Balance - December 31, 2022		27,819,385	$	237,937,821	$	(5,091,518	)	$	(233,310,529	)	$	(96,216	)	$	(560,442	)
Net loss		-		-		-			(21,443	)		-			(21,443	)
Balance - March 31, 2023		27,819,385	$	237,937,821	$	(5,091,518	)	$	(233,331,972	)	$	(96,216	)	$	(581,885	)
Net loss		-		-		-			(20,593	)		-			(20,593	)
Balance - June 30, 2023		27,819,385	$	237,937,821	$	(5,091,518	)	$	(233,352,565	)	$	(96,216	)	$	(602,478	)

														Accumulated Deficit
														From
	Common Stock (no par value)				Additional									Discontinued			Total
	Number of Shares		Amount		Paid-In Capital			Stock Payable			Accumulated Deficit			Operations Deficit			Stockholders’ Deficit

Balance - December 31, 2021		319,385	$	128,437,821	$	155,982		$	104,250,000		$	(233,207,533	)	$	(96,216	)	$	(459,946	)

Share Issuance for director compensation		25,000,000		104,250,000		-			(104,250,000	)		-			-			-
Net loss		-		-		-			-			(29,028	)		-			(29,028	)
Balance - March 31, 2022		25,319,385	$	232,687,821	$	155,982		$	-		$	(233,236,561	)	$	(96,216	)	$	(488,974	)

Share Issuance for repayment of convertible note		2,500,000		5,250,000		(5,247,500	)		-			-			-			2,500
Net loss		-		-		-			-			(19,135	)		-			(19,135	)
Balance - June 30, 2022		27,819,385	$	237,937,821	$	(5,091,518	)	$	-		$	(233,255,696	)	$	(96,216	)	$	(505,609	)

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

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CLOUDWEB, INC.

STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2023 AND 2022

(in U.S. Dollars, except for number of shares or otherwise stated)

	Six Months Ended
	June 30,
	2023			2022

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(42,036	)	$	(48,163	)
Adjustments to reconcile net loss to net cash from operating activities:
Amortization of debt discount		-			1,184
Changes in operating liabilities:
Accounts payable and accrued liabilities		941			3,497
Accrued interest		17,986			18,182
Net cash used in operating activities		(23,109	)		(25,300	)

CASH FLOWS FROM FINANCING ACTIVITIES
Advancement from related party		23,109			25,300
Net cash provided by financing activities		23,109			25,300

Net change in cash and cash equivalents		-			-
Cash and cash equivalents - beginning of period		-			-
Cash and cash equivalents - end of period	$	-		$	-

Supplemental Cash Flow Disclosures
Cash paid for interest	$	-		$	-
Cash paid for income taxes	$	-		$	-

Non-Cash Investing and Financing Activity:
Share Issuance for director compensation	$	-		$	104,250,000
Share Issuance for repayment of convertible notes	$	-		$	2,500
Beneficial conversion feature	$	-		$	-

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

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CLOUDWEB, INC.

NOTES TO UNAUDITED FINANCIAL STATEMENTS

AS OF AND FOR THE SIX MONTHS ENDED JUNE 30, 2023 AND 2022

(in U.S. Dollars, except for number of shares or otherwise stated)

NOTE 1 – ORGANIZATION AND BUSINESS OPERATIONS

Cloudweb, Inc. (the “Company”, or “we”) is a Florida corporation incorporated on May 25, 2014 as Formigli, Inc. In December 2015, the Company changed its name to Data Backup, Inc., and on November 4, 2016, the Company changed its name to Data Backup Solutions Inc. On October 1, 2017, the Company changed its name to Cloudweb, Inc.

We are currently exploring different options of further developing and marketing our web hosting and data storage services. This includes plans to make hosting available for free while being supported by advertiser content. The Company will also look into white labeling its services to allow other brands to use our platforms for their own needs.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited interim consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles used in the United States of America (“US GAAP”) and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. This report should be read in conjunction with the audited financial statements and the footnotes thereto for the fiscal year ended December 31, 2022 included in the Company’s Annual Report on Form 10-K as filed with the SEC on March 31, 2023.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Fair Value of Financial Instruments

ASC 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1: defined as observable inputs such as quoted prices in active markets;

Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash, prepayments and the Company’s loan from shareholder approximates its fair value due to their short-term maturity.

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Web Development Cost

In accordance with FASB ASC350-50 “Web Development Costs”, all costs incurred during the website planning stage are incurred. During the website application and infrastructure development stage, software tool costs and internet domain costs are capitalized, and website hosting costs are expensed. Cost incurred in the graphics development, content development and operating stage are generally expensed unless the costs are software related and should then be capitalized.

Share-based Expenses

ASC 718 “Compensation – Stock Compensation” prescribes accounting and reporting standards for all share-based payment transactions in which employee services and non-employee services are acquired. Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights. Share-based payments to employees and non-employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period).

Basic and Diluted Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

For the six months ended June 30, 2023 and 2022, respectively, the following convertible notes were excluded from the computation of diluted net loss per shares as the result of the computation was anti-dilutive:

	June 30,		June 30,
	2023		2022
	(Shares)		(Shares)
Convertible notes payable		55,327,097		55,326,667

Recent accounting pronouncements

In August 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20 “Debt—Debt with “Conversion and Other Options” and ASC subtopic 815-40 “Hedging—Contracts in Entity’s Own Equity”. The standard reduced the number of accounting models for convertible debt instruments and convertible preferred stock. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting; and, (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. ASU 2020-06 removes from U.S. GAAP the separation models for (1) convertible debt with a CCF and (2) convertible instruments with a beneficial conversion feature (“BCF”). With the adoption of ASU 2020-06, entities will not separately present in equity an embedded conversion feature these debts. The amendments in this update are effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company has chosen to early adopt this standard on January 1, 2021 financial statements and did not record BCF on the issuance of convertible notes with conversion rate below the Company’s market stock price on the date of note issuance.

NOTE 3 – GOING CONCERN

The Company believes that its existing capital resources may not be adequate to enable it to execute its business plan. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. The Company estimates that it will require additional cash resources from loan from related party and unaffiliated parties based on its current operating plan and condition. The accompanying financial statements do not include any adjustments that might be necessary should we be unable to continue as a going concern. If we fail to generate positive cash flow or obtain additional financing, when required, we may have to modify, delay, or abandon some or all of our business and expansion plans.

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NOTE 4 – RELATED PARTY TRANSACTIONS

During the six months ended June 30, 2023 and 2022, the Director of the Company advanced $23,109 and $25,300 for paying operating expenses on behalf of the Company, respectively. The loan is non-interest bearing and due on demand.

As of June 30, 2023 and December 31, 2022, due to related party was $119,869 and $96,760, respectively.

NOTE 5 – PROMISSORY NOTES

		June 30,			December 31,
	Expiry Date	2023			2022			Interest Rate
Promissory Note - November 2017	Due on demand	$	2,160		$	2,160		60% per annum
Promissory Note - March 2018	3/31/2028		15,296			15,296		30% per annum
Promissory Note - June 2018	6/29/2028		12,249			12,249		30% per annum
Promissory Note - September 2018	9/29/2028		5,408			5,408		30% per annum
Promissory Note - December 2018	12/30/2028		6,137			6,137		30% per annum
Promissory Note - March 2019	3/30/2029		7,150			7,150		30% per annum
Promissory Note - June 2019	6/30/2029		10,105			10,105		30% per annum
Promissory Note - September 2019	9/30/2029		4,081			4,081		30% per annum
Promissory Note - December 2019	12/31/2029		6,900			6,900		30% per annum
			69,486			69,486
Less current portion of promissory note payable			(2,160	)		(2,160	)
Long-term promissory notes payable		$	67,326		$	67,326

As of June 30, 2023 and December 31, 2022, the accrued interest on the promissory notes was $100,271 and $89,464, respectively.

NOTE 6 – CONVERTIBLE NOTES

		June 30,			December 31,
	Expiry Date	2023			2022
Convertible Notes - July 2017	6/30/2022	$	116,000		$	116,000
Convertible Notes - January 2020	Due on demand		8,033			8,033
Convertible Notes - March 2020	Due on demand		4,768			4,768
Convertible Notes - June 2020	Due on demand		13,800			13,800
Convertible Notes - September 2020	Due on demand		7,307			7,307
Convertible Notes - December 2020	Due on demand		3,574			6,074
Less debt discount			-			(1,184	)
			153,482			154,798
Less current portion of convertible note payable			(153,482	)		(154,798	)
Long-term convertible notes payable		$	-		$	-

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Convertible Notes – July 2017

On July 1, 2017, the Company replaced the promissory notes held by the four non-affiliated assignees with convertible notes at principal amount of $34,000, for total note principal amount of $136,000. The convertible notes bear interest at 4% per annum, has an original expiry date of June 30, 2019 and subsequently extended to June 30, 2022 and are convertible at $0.005 per share for the Company common stock. On January 2, 2018, the four non-affiliated holders of the convertible notes elected to convert $5,000 principal portion of their notes for 5,000 shares (pre 200:1 reverse stock split - 1,000,000 shares) of common stock at $0.005 per share. An aggregate $20,000 principal amount of the four convertible notes were converted for 4,000,000 common shares. The note is currently at default.

Convertible Note – January 2020

On January 2, 2020, the Company replaced a promissory note of $17,033 originally issued to an unaffiliated party on December 31, 2017 with a convertible note of $17,033. The convertible note is due on demand, bear interest at 10% per annum and is convertible at $0.003 per share. The discount on convertible note from beneficial conversion feature of $17,033 was fully amortized during the year ended December 31, 2020. On March 4, 2020, this convertible note was sold to another unaffiliated party.

Convertible Note – March 2020

On March 4, 2020, the convertible note originally issued on January 2, 2020 comprising of principal amount of $17,033 and accrued interest of $21,073 was sold to another unaffiliated party. On March 23, 2020, the principal amount of the convertible note of $9,000 was converted into 15,000 shares (pre 200:1 reverse stock split - 3,000,000 shares) of common stock. (see Note 7)

On March 31, 2020, the Company issued to an unaffiliated party a convertible note at $4,768 for paying operating expenses on behalf of the Company. The convertible note is due on demand, bears interest at 30% per annum and is convertible at $0.001 per share. The discount on convertible note from beneficial conversion feature of $4,768 was fully amortized during the year ended December 31, 2020.

Convertible Note – June 2020

On June 30, 2020, the Company issued to an unaffiliated party a convertible note at $13,800 for paying operating expenses on behalf of the Company. The convertible note is due on demand, bears interest at 30% per annum and is convertible at $0.001 per share. The discount on convertible note from beneficial conversion feature of $13,800 was fully amortized during the year ended December 31, 2020.

Convertible Note – September 2020

On September 30, 2020, the Company issued to an unaffiliated party a convertible note at $7,307 for paying operating expenses on behalf of the Company. The convertible note is due on demand, bears interest at 30% per annum and is convertible at $0.001 per share. The discount on convertible note from beneficial conversion feature of $7,307 was fully amortized during the year ended December 31, 2020.

Convertible Note – December 2020

On December 31, 2020, the Company issued to an unaffiliated party a convertible note at $6,074 for paying operating expenses on behalf of the Company. The convertible note is due on demand, bears interest at 30% per annum and is convertible at $0.001 per share. The discount on convertible note from beneficial conversion feature of $6,074 was fully amortized during the year ended December 31, 2020. During the year ended December 31, 2022, the Company issued 2,500,000 for partial repayment of the convertible note of $2,500 at $2.10 stock price. As of June 30, 2023, the convertible note was $3,574.

As of June 30, 2023 and December 31, 2022, the convertible notes payable was $153,482, net of note discount and accrued interest payable was $95,164.

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NOTE 7 - EQUITY

Authorized Stock

The Company’s authorized common stock consists of 500,000,000 shares with no par value.

Common Shares

During the six months ended June 30, 2022, the Company issued 25,000,000 shares of restricted common stock valued at $104,250,000 to the Director of the Company for year 2021 salary.

As of June 30, 2023 and December 31, 2022, the issued and outstanding shares of common stock was 27,819,385.

NOTE 8 – SUBSEQUENT EVENTS

In accordance with ASC 855, “Subsequent Events,” the Company has analyzed its operations subsequent to June 30, 2023 to the date these financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements.

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Item 2. Management’s Discussion and Analysis of Financial Condition or Plan of Operation

FORWARD-LOOKING STATEMENTS

This quarterly report contains forward-looking statements relating to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “intends”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential”, or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors which may cause our or our industry’s actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity or performance. You should not place undue reliance on these statements, which speak only as of the date that they were made. These cautionary statements should be considered with any written or oral forward-looking statements that we may issue in the future. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results, later events or circumstances or to reflect the occurrence of unanticipated events.

In this report unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to “common shares” refer to the common shares of our capital stock.

The management’s discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

As used in this quarterly report, the terms “we”, “us”, “our”, and “our company” means Cloudweb, Inc., unless otherwise indicated.

General Overview

Our Company

Cloudweb, Inc. is a Florida corporation incorporated on May 25, 2014 as Formigli, Inc. In December 2015, the Company changed its name to Data Backup, Inc., and on November 4, 2016, the Company changed its name to Data Backup Solutions Inc. On October 1, 2017, the Company changed its name to Cloudweb, Inc.

Our headquarters are located at 800 W El Camino Real Suite 180 Mountain View, Florida, CA 94040.

We are currently exploring different options of further developing and marketing our web hosting and data storage services Hostwizer.com, W8hosting.com, and JeyCloud.com. This includes plans to make hosting available for free while being supported by advertiser content. The Company will also look into white labeling its services to allow other brands to use our platforms for their own needs.

We do not have any subsidiaries.

We have never declared bankruptcy, been in receivership, or involved in any kind of legal proceeding.

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Results of Operations

The following summary of our operations should be read in conjunction with our unaudited condensed financial statements for the six ended June 30, 2023 and 2022.

Three months ended June 30, 2023 compared to three months ended June 30, 2022

	Three Months Ended
	June 30
	2023		2022		Changes			%

Operating Expenses
Professional fees	$	11,550	$	9,500	$	2,050			22	%
Total operating expenses		11,550		9,500		2,050			22	%
Other expenses		9,043		9,635		(592	)		(6	)%
Net Loss	$	20,593	$	19,135	$	1,458			8	%

Our net loss for the three months ended June 30, 2023 was $20,593 compared with net loss of $19,135 for the three months ended June 30, 2022 due to the increase in professional fees.

Six months ended June 30, 2023 compared to six months ended June 30, 2022

	Six Months Ended
	June 30
	2023		2022		Changes			%

Operating expenses
Professional fees	$	24,050	$	28,800	$	(4,750	)		(16	)%
Total operating expenses		24,050		28,800		(4,750	)		(16	)%
Other expenses		17,986		19,363		(1,377	)		(7	)%
Net Loss	$	42,036	$	48,163	$	(6,127	)		(13	)%

Our net loss for the six months ended June 30, 2023 was $42,036 compared with net loss of $48,163 for the six months ended June 30, 2022 due to the decrease in professional fees.

Liquidity and Capital

Working Capital

	As of			As of
	June 30			December 31,
	2023			2022			Changes			%

Current Assets	$	-		$	-		$	-			-
Current Liabilities	$	535,152		$	493,116		$	42,036			9	%
Working Capital Deficiency	$	(535,152	)	$	(493,116	)	$	(42,036	)		9	%

Table of Contents

As at June 30, 2023 and December 31, 2022, our company had no cash and assets.

As at June 30, 2023 our company had current liabilities of $535,152 as compared to $493,116 as of December 31, 2022. The increase in current liabilities was due to an increase in accrued interest and due to related party.

As at June 30, 2023, our company had a working capital deficiency of $535,152 compared with a working capital deficit of $493,116 as at December 31, 2022. The increase in working capital deficit was primarily due to an increase in due to related party and accrued interest.

Cash Flows

	Six Months Ended
	June 30
	2023			2022			Changes			%

Cash flows used in operating activities	$	(23,109	)	$	(25,300	)	$	2,191			(9	)%
Cash flows provided by financing activities		23,109			25,300			(2,191	)		(9	)%
Net changes in cash	$	-		$	-		$	-			-

Cash Flow from Operating Activities

We have not generated positive cash flow from operating activities. During the six months ended June 30, 2023, net cash used in operating activities was $23,109 compared to $25,300 used during the six months ended June 30, 2022.

Cash flows used in operating activities during the six months ended June 30, 2023, comprised of a net loss of $42,036, reduced by a net change in working capital of $18,927.

Cash flows used in operating activities during the six months ended June 30, 2022, comprised of a net loss of $48,163 which was reduced by non-cash expenses of $1,184 for amortization of debt discount and a net change in working capital of $21,679.

Cash Flow from Investing Activities

During the six months ended June 30, 2023 and 2022, our company did not have any investing activities.

Cash Flow from Financing Activities

During the six months ended June 30, 2023 and 2022, net cash provided by financing activities was $23,109 and $25,300 for advancement from the Company’s Director for paying operating expenses, respectively.

Going Concern

As of June 30, 2023, we had an accumulated deficit of $233,352,565. We believe that its existing capital resources may not be adequate to enable it to execute its business plan. These conditions raise substantial doubt as to our Company’s ability to continue as a going concern. Our Company is currently exploring different options of further developing and marketing our web hosting and data storage services. The accompanying condensed financial statements do not include any adjustments that might be necessary should we be unable to continue as a going concern. If we fail to generate positive cash flow or obtain additional financing, when required, we may have to modify, delay, or abandon some or all of our business plans.

Table of Contents

Off-Balance Sheet Arrangements

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

Item 3. Quantitative and Qualitative Disclosures About Market Risk

As a “smaller reporting company”, we are not required to provide the information required by this Item.

Item 4. Controls and Procedures

Disclosure Controls and Procedures

Our management, with the participation of our Chief Executive Officer (our principal executive officer, principal financial officer and principal accounting officer), has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a- 15(e) and 15d- 15(e) under the Securities Exchange Act of 1934, as amended (Exchange Act)), as of the end of the period covered by this Quarterly Report on Form 10-Q. Based on such evaluation, our Chief Executive Officer has concluded that as of such date, our disclosure controls and procedures were not effective such that the information relating to us required to be disclosed in our Securities and Exchange Commission (“SEC”) reports (i) is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and (ii) is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting

During the period covered by this report there were no changes in our internal control over financial reporting that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Table of Contents

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

We know of no material, existing or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our company.

Item 1A. Risk Factors

As a “smaller reporting company”, we are not required to provide the information required by this Item.

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

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

None.

Table of Contents

Item 6. Exhibits

The following exhibits are included as part of this report:

Exhibit Number		Description
31		Rule 13a-14(a)/15d-14(a) Certification
31.1		Section 302 Certification under the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer
32		Section 1350 Certification
32.1*		Section 906 Certification under the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer
101		Interactive Data Files
101.INS**		XBRL Instance Document
101.SCH**		XBRL Taxonomy Extension Schema Document
101.CAL**		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF**		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB**		XBRL Taxonomy Extension Label Linkbase Document
101.PRE**		XBRL Taxonomy Extension Presentation Linkbase Document

_____________

*	Filed herewith. In addition, in accordance with SEC Release 33-8238, Exhibits 32.1 and 32.2 are being furnished and not filed.

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

Table of Contents

SIGNATURES

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

		CLOUDWEB, INC.
		(Registrant)

Dated: August 4, 2023		/s/ Zhi De Liao
		Zhi De Liao
		President, Chief Executive Officer,
		Chief Financial Officer and Director
		(Principal Executive Officer, Principal
		Financial Officer and Principal Accounting Officer)

nullnull

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2023	Jul. 29, 2023
Cover [Abstract]
Entity Registrant Name	Cloudweb, Inc.
Entity Central Index Key	0001619227
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		27,819,385
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	333-199193
Entity Incorporation State Country Code	FL
Entity Tax Identification Number	47-0978297
Entity Interactive Data Current	Yes
Entity Address Address Line 1	800 W El Camino Real Suite 180
Entity Address City Or Town	Mountain View
Entity Address State Or Province	CA
Entity Address Postal Zip Code	94040
City Area Code	650
Local Phone Number	963-7749

BALANCE SHEETS - USD ($)	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Total Current Assets	$ 0	$ 0
TOTAL ASSETS	0	0
Current Liabilities
Accounts payable and accrued liabilities	60,597	59,656
Accrued interest	199,044	181,058
Promissory notes payable	2,160	2,160
Convertible notes payable, net of note discount	153,482	153,482
Due to related party	119,869	96,760
Total Current Liabilities	535,152	493,116
Promissory notes payable	67,326	67,326
Total Liabilities	602,478	560,442
Stockholders' Deficit
Common stock, no par value; 500,000,000 shares authorized, 27,819,385 shares issued and outstanding	237,937,821	237,937,821
Additional paid-in capital	(5,091,518)	(5,091,518)
Accumulated deficit	(233,352,565)	(233,310,529)
Accumulated deficit from discontinued operations	(96,216)	(96,216)
Total Stockholders' Deficit	(602,478)	(560,442)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 0	$ 0

BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Stockholders' Deficit
Common stock, shares par value	$ 0	$ 0
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	27,819,385	27,819,385
Common stock, shares outstanding	27,819,385	27,819,385

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
OPERATING EXPENSES
Professional fees	$ 11,550	$ 9,500	$ 24,050	$ 28,800
Total Operating Expenses	11,550	9,500	24,050	28,800
OTHER EXPENSES
Interest expense	(9,043)	(9,635)	(17,986)	(19,363)
Total Operating Expenses	(9,043)	(9,635)	(17,986)	(19,363)
NET LOSS	$ (20,593)	$ (19,135)	$ (42,036)	$ (48,163)
NET LOSS PER SHARE: BASIC AND DILUTED	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	27,819,385	27,124,940	27,819,385	23,999,940

STATEMENTS OF STOCKHOLDERS DEFICIT (Unaudited) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Deficit from Discontinued Operations Deficit	Stock Payable
Balance, shares at Dec. 31, 2021		319,385
Balance, amount at Dec. 31, 2021	$ (459,946)	$ 128,437,821	$ 155,982	$ (233,207,533)	$ (96,216)	$ 104,250,000
Share Issuance for director compensation, shares		25,000,000
Share Issuance for director compensation, amount	0	$ 104,250,000	0	0	0	(104,250,000)
Net loss	(29,028)	$ 0	0	(29,028)	0	0
Balance, shares at Mar. 31, 2022		25,319,385
Balance, amount at Mar. 31, 2022	(488,974)	$ 232,687,821	155,982	(233,236,561)	(96,216)	0
Balance, shares at Dec. 31, 2021		319,385
Balance, amount at Dec. 31, 2021	(459,946)	$ 128,437,821	155,982	(233,207,533)	(96,216)	104,250,000
Net loss	(48,163)
Balance, shares at Jun. 30, 2022		27,819,385
Balance, amount at Jun. 30, 2022	(505,609)	$ 237,937,821	(5,091,518)	(233,255,696)	(96,216)	0
Balance, shares at Mar. 31, 2022		25,319,385
Balance, amount at Mar. 31, 2022	(488,974)	$ 232,687,821	155,982	(233,236,561)	(96,216)	0
Net loss	(19,135)	$ 0	0	(19,135)	0	0
Share Issuance for repayment of convertible note, shares		2,500,000
Share Issuance for repayment of convertible note, amount	2,500	$ 5,250,000	(5,247,500)	0	0	0
Balance, shares at Jun. 30, 2022		27,819,385
Balance, amount at Jun. 30, 2022	(505,609)	$ 237,937,821	(5,091,518)	(233,255,696)	(96,216)	$ 0
Balance, shares at Dec. 31, 2022		27,819,385
Balance, amount at Dec. 31, 2022	(560,442)	$ 237,937,821	(5,091,518)	(233,310,529)	(96,216)
Net loss	(21,443)	$ 0	0	(21,443)	0
Balance, shares at Mar. 31, 2023		27,819,385
Balance, amount at Mar. 31, 2023	(581,885)	$ 237,937,821	(5,091,518)	(233,331,972)	(96,216)
Balance, shares at Dec. 31, 2022		27,819,385
Balance, amount at Dec. 31, 2022	(560,442)	$ 237,937,821	(5,091,518)	(233,310,529)	(96,216)
Net loss	(42,036)
Balance, shares at Jun. 30, 2023		27,819,385
Balance, amount at Jun. 30, 2023	(602,478)	$ 237,937,821	(5,091,518)	(233,352,565)	(96,216)
Balance, shares at Mar. 31, 2023		27,819,385
Balance, amount at Mar. 31, 2023	(581,885)	$ 237,937,821	(5,091,518)	(233,331,972)	(96,216)
Net loss	(20,593)	$ 0	0	(20,593)	0
Balance, shares at Jun. 30, 2023		27,819,385
Balance, amount at Jun. 30, 2023	$ (602,478)	$ 237,937,821	$ (5,091,518)	$ (233,352,565)	$ (96,216)

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (42,036)	$ (48,163)
Adjustments to reconcile net loss to net cash from operating activities:
Amortization of debt discount	0	1,184
Changes in operating liabilities:
Accounts payable and accrued liabilities	941	3,497
Accrued interest	17,986	18,182
Net cash used in operating activities	(23,109)	(25,300)
CASH FLOWS FROM FINANCING ACTIVITIES
Advancement from related party	23,109	25,300
Net cash provided by financing activities	23,109	25,300
Net change in cash and cash equivalents	0	0
Cash and cash equivalents - beginning of period	0	0
Cash and cash equivalents - end of period	0	0
Supplemental Cash Flow Disclosures
Cash paid for interest	0	0
Cash paid for income taxes	0	0
Non-Cash Investing and Financing Activity:
Share Issuance for director compensation	0	104,250,000
Share Issuance for repayment of convertible notes	0	2,500
Beneficial conversion feature	$ 0	$ 0

ORGANIZATION AND BUSINESS OPERATIONS

6 Months Ended

Jun. 30, 2023

ORGANIZATION AND BUSINESS OPERATIONS

ORGANIZATION AND BUSINESS OPERATIONS

NOTE 1 – ORGANIZATION AND BUSINESS OPERATIONS

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Jun. 30, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Use of Estimates

Fair Value of Financial Instruments

These tiers include:

Level 1: defined as observable inputs such as quoted prices in active markets;

Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash, prepayments and the Company’s loan from shareholder approximates its fair value due to their short-term maturity.

Web Development Cost

Share-based Expenses

Basic and Diluted Income (Loss) Per Share

	June 30,		June 30,
	2023		2022
	(Shares)		(Shares)
Convertible notes payable		55,327,097		55,326,667

Recent accounting pronouncements

GOING CONCERN

6 Months Ended

Jun. 30, 2023

GOING CONCERN

GOING CONCERN

NOTE 3 – GOING CONCERN

RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2023

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 4 – RELATED PARTY TRANSACTIONS

As of June 30, 2023 and December 31, 2022, due to related party was $119,869 and $96,760, respectively.

PROMISSORY NOTES

6 Months Ended

Jun. 30, 2023

PROMISSORY NOTES

PROMISSORY NOTES

NOTE 5 – PROMISSORY NOTES

		June 30,			December 31,
	Expiry Date	2023			2022			Interest Rate
Promissory Note - November 2017	Due on demand	$	2,160		$	2,160		60% per annum
Promissory Note - March 2018	3/31/2028		15,296			15,296		30% per annum
Promissory Note - June 2018	6/29/2028		12,249			12,249		30% per annum
Promissory Note - September 2018	9/29/2028		5,408			5,408		30% per annum
Promissory Note - December 2018	12/30/2028		6,137			6,137		30% per annum
Promissory Note - March 2019	3/30/2029		7,150			7,150		30% per annum
Promissory Note - June 2019	6/30/2029		10,105			10,105		30% per annum
Promissory Note - September 2019	9/30/2029		4,081			4,081		30% per annum
Promissory Note - December 2019	12/31/2029		6,900			6,900		30% per annum
			69,486			69,486
Less current portion of promissory note payable			(2,160	)		(2,160	)
Long-term promissory notes payable		$	67,326		$	67,326

As of June 30, 2023 and December 31, 2022, the accrued interest on the promissory notes was $100,271 and $89,464, respectively.

CONVERTIBLE NOTES

6 Months Ended

Jun. 30, 2023

CONVERTIBLE NOTES

CONVERTIBLE NOTES

NOTE 6 – CONVERTIBLE NOTES

		June 30,			December 31,
	Expiry Date	2023			2022
Convertible Notes - July 2017	6/30/2022	$	116,000		$	116,000
Convertible Notes - January 2020	Due on demand		8,033			8,033
Convertible Notes - March 2020	Due on demand		4,768			4,768
Convertible Notes - June 2020	Due on demand		13,800			13,800
Convertible Notes - September 2020	Due on demand		7,307			7,307
Convertible Notes - December 2020	Due on demand		3,574			6,074
Less debt discount			-			(1,184	)
			153,482			154,798
Less current portion of convertible note payable			(153,482	)		(154,798	)
Long-term convertible notes payable		$	-		$	-

Convertible Notes – July 2017

Convertible Note – January 2020

Convertible Note – March 2020

Convertible Note – June 2020

Convertible Note – September 2020

Convertible Note – December 2020

As of June 30, 2023 and December 31, 2022, the convertible notes payable was $153,482, net of note discount and accrued interest payable was $95,164.

EQUITY

6 Months Ended

Jun. 30, 2023

EQUITY

EQUITY

NOTE 7 - EQUITY

Authorized Stock

The Company’s authorized common stock consists of 500,000,000 shares with no par value.

Common Shares

During the six months ended June 30, 2022, the Company issued 25,000,000 shares of restricted common stock valued at $104,250,000 to the Director of the Company for year 2021 salary.

As of June 30, 2023 and December 31, 2022, the issued and outstanding shares of common stock was 27,819,385.

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2023

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 8 – SUBSEQUENT EVENTS

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

Jun. 30, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Use of Estimates

Fair Value of Financial Instruments

These tiers include:

Level 1: defined as observable inputs such as quoted prices in active markets;

Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash, prepayments and the Company’s loan from shareholder approximates its fair value due to their short-term maturity.

Web Development Cost

Share-based Expenses

Basic and Diluted Income (Loss) Per Share

	June 30,		June 30,
	2023		2022
	(Shares)		(Shares)
Convertible notes payable		55,327,097		55,326,667

Recent accounting pronouncements

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of anti-dilutive securities excluded from computation of earnings per share

	June 30,		June 30,
	2023		2022
	(Shares)		(Shares)
Convertible notes payable		55,327,097		55,326,667

PROMISSORY NOTES (Tables)

6 Months Ended

Jun. 30, 2023

PROMISSORY NOTES

Schedule of promissory notes

		June 30,			December 31,
	Expiry Date	2023			2022			Interest Rate
Promissory Note - November 2017	Due on demand	$	2,160		$	2,160		60% per annum
Promissory Note - March 2018	3/31/2028		15,296			15,296		30% per annum
Promissory Note - June 2018	6/29/2028		12,249			12,249		30% per annum
Promissory Note - September 2018	9/29/2028		5,408			5,408		30% per annum
Promissory Note - December 2018	12/30/2028		6,137			6,137		30% per annum
Promissory Note - March 2019	3/30/2029		7,150			7,150		30% per annum
Promissory Note - June 2019	6/30/2029		10,105			10,105		30% per annum
Promissory Note - September 2019	9/30/2029		4,081			4,081		30% per annum
Promissory Note - December 2019	12/31/2029		6,900			6,900		30% per annum
			69,486			69,486
Less current portion of promissory note payable			(2,160	)		(2,160	)
Long-term promissory notes payable		$	67,326		$	67,326

CONVERTIBLE NOTES (Tables)

6 Months Ended

Jun. 30, 2023

CONVERTIBLE NOTES

Schedule Of Convertible Notes

		June 30,			December 31,
	Expiry Date	2023			2022
Convertible Notes - July 2017	6/30/2022	$	116,000		$	116,000
Convertible Notes - January 2020	Due on demand		8,033			8,033
Convertible Notes - March 2020	Due on demand		4,768			4,768
Convertible Notes - June 2020	Due on demand		13,800			13,800
Convertible Notes - September 2020	Due on demand		7,307			7,307
Convertible Notes - December 2020	Due on demand		3,574			6,074
Less debt discount			-			(1,184	)
			153,482			154,798
Less current portion of convertible note payable			(153,482	)		(154,798	)
Long-term convertible notes payable		$	-		$	-

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - shares	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Convertible notes payable	55,327,097	55,326,667

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Due to related party	$ 119,869		$ 96,760
Director [Member]
Related party transaction operating expenses	$ 23,109	$ 25,300

PROMISSORY NOTES (Details) - USD ($)	6 Months Ended	12 Months Ended
PROMISSORY NOTES (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Total promissory notes payable	$ 69,486	$ 69,486
Less Current Portion Of Promissory Note Payable	(2,160)	(2,160)
Long-term Promissory Notes Payable	67,326	67,326
November 2017 [Member]
Promissory Note	$ 2,160	$ 2,160
Interest Rate	60.00%	60.00%
Expiry Date	Due on demand
March 2018 [Member]
Promissory Note	$ 15,296	$ 15,296
Interest Rate	30.00%	30.00%
Expiry Date	Mar. 31, 2028	Mar. 31, 2028
June 2018 [Member]
Promissory Note	$ 12,249	$ 12,249
Interest Rate	30.00%	30.00%
Expiry Date	Jun. 29, 2028	Jun. 29, 2028
September 2018 [Member]
Promissory Note	$ 5,408	$ 5,408
Interest Rate	30.00%	30.00%
Expiry Date	Sep. 29, 2028	Sep. 29, 2028
December 2018 [Member]
Promissory Note	$ 6,137	$ 6,137
Interest Rate	30.00%	30.00%
Expiry Date	Dec. 30, 2028	Dec. 30, 2028
March 2019 [Member]
Promissory Note	$ 7,150	$ 7,150
Interest Rate	30.00%	30.00%
Expiry Date	Mar. 30, 2029	Mar. 30, 2029
June 2019 [Member]
Promissory Note	$ 10,105	$ 10,105
Interest Rate	30.00%	30.00%
Expiry Date	Jun. 30, 2029	Jun. 30, 2029
September 2019 [Member]
Promissory Note	$ 4,081	$ 4,081
Interest Rate	30.00%	30.00%
Expiry Date	Sep. 30, 2029	Sep. 30, 2029
December 2019 [Member]
Promissory Note	$ 6,900	$ 6,900
Interest Rate	30.00%	30.00%
Expiry Date	Dec. 31, 2029	Dec. 31, 2029

PROMISSORY NOTES (Details Narrative) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
PROMISSORY NOTES
Accrued interest on promissory notes	$ 100,271	$ 89,464

CONVERTIBLE NOTES (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Less Debt Discount	$ 0	$ (1,184)
Total Current Portion Of Convertible Note Payable	153,482	154,798
Less Current Portion Of Convertible Note Payable	(153,482)	(154,798)
Long-term Convertible Notes Payable	0	0
January 2020 [Member]
Convertible Note Payable	8,033	8,033
July 2017 [Member]
Convertible Note Payable	116,000	116,000
March 2020 [Member]
Convertible Note Payable	4,768	4,768
June 2020 [Member]
Convertible Note Payable	13,800	13,800
September 2020 [Member]
Convertible Note Payable	7,307	7,307
December 2020 [Member]
Convertible Note Payable	$ 3,574	$ 6,074

CONVERTIBLE NOTES (Details Narrative) - USD ($)			1 Months Ended	6 Months Ended		12 Months Ended
CONVERTIBLE NOTES (Details Narrative) - USD ($)	Jan. 02, 2018	Jul. 01, 2017	Mar. 23, 2020	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2020	Sep. 30, 2022	Jun. 30, 2020	Mar. 31, 2020	Mar. 04, 2020	Jan. 02, 2020
Convertible note payable				$ 153,482		$ 153,482
Convertible note principal amount				2,160		2,160
Amortization of debt discount				0	$ 1,184
Common Stock [Member]
Convertible note payable		$ 136,000		153,482		153,482
Convertible note principal amount		$ 34,000
Convertible notes bear interest rate		4.00%
Accrued Interest				$ 95,164		$ 95,164
Conversion Price Per Share		$ 0.005
Expiry Date		Jun. 30, 2022
March 2020 [Member]
Convertible note payable										$ 4,768	$ 17,033
Convertible note principal amount			$ 9,000
Accrued Interest											$ 21,073
Conversion Of Convertible Notes Into Common Stock			3,000,000
Debt Conversion Description			the principal amount of the convertible note of $9,000 was converted into 15,000 shares (pre 200:1 reverse stock split - 3,000,000 shares) of common stock
March 2020 [Member] \| Unaffiliated Parties [Member]
Convertible notes bear interest rate										30.00%
Conversion Price Per Share										$ 0.001
Amortization of debt discount							$ 4,768
January 2020 [Member] \| Unaffiliated Parties [Member]
Convertible note payable												$ 17,033
Convertible notes bear interest rate												10.00%
Conversion Price Per Share												$ 0.003
Amortization of debt discount							17,033
Promissory Note												$ 17,033
June 2020 [Member] \| Unaffiliated Party [Member]
Convertible note payable									$ 13,800
Convertible notes bear interest rate									30.00%
Conversion Price Per Share									$ 0.001
Amortization of debt discount							13,800
December 2020 [Member] \| Unaffiliated Party [Member]
Convertible note payable							$ 6,074
Convertible notes bear interest rate							30.00%
Conversion Price Per Share							$ 0.001
Amortization of debt discount							$ 6,074
Share issued by Company						2,500,000
Convertible notes partially paid						$ 2,500
Stock price						$ 2.10
September 30 2020 [Member] \| Unaffiliated Party [Member]
Convertible note payable								$ 7,307
Convertible notes bear interest rate								30.00%
Conversion Price Per Share								$ 0.001
Amortization of debt discount							$ 7,307
January 2, 2018 [Member] \| Four Non-affiliated Holders [Member]
Conversion Of Convertible Notes Into Common Stock				4,000,000
Debt Conversion, Amount				$ 20,000
Debt Conversion Description	the four non-affiliated holders of the convertible notes elected to convert $5,000 principal portion of their notes for 5,000 shares (pre 200:1 reverse stock split - 1,000,000 shares) of common stock at $0.005 per share

EQUITY (Details Narrative) - USD ($)	6 Months Ended
EQUITY (Details Narrative) - USD ($)	Jun. 30, 2022	Jun. 30, 2023	Dec. 31, 2022
Common Stock, Shares Authorized		500,000,000	500,000,000
Common Stock Share Outstanding		27,819,385	27,819,385
Common Stock Share Issued		27,819,385	27,819,385
Common Shares [Member]
Common Stock Restricted Value	$ 104,250,000
Restricted common stock, shares issued	25,000,000

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CLOW Cloudweb Inc (PK)