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

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

(Mark One)

 

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

 

For the quarterly period ended:  September 30, 2024

 

or

 

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

 

For the transition period from ____________ to _____________

 

Commission File Number: 000-056030

 

ENERGY AND WATER DEVELOPMENT CORP.

(Exact name of registrant as specified in its charter)

 

Florida		30-0781375
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

 

7901 4th St. N, STE #4174, St. Petersburg, FL		33702
(Address of principal executive offices)		(Zip Code)

 

727-677-9408

(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: 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 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 ☒

 

As of November 15, 2024, there were 409,853,888   shares of common stock of the registrant issued and outstanding. 

 

 

  

ENERGY AND WATER DEVELOPMENT CORP.

 

Quarterly Report on Form 10-Q

 Period Ended September 30, 2024

 

TABLE OF CONTENTS

 

		Page
	PART I. FINANCIAL INFORMATION
Item 1.	Financial Statements	2
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	21
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	27
Item 4.	Controls and Procedures	27
	PART II.    OTHER INFORMATION
Item 1.	Legal Proceedings	28
Item 1A.	Risk Factors	28
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	28
Item 3.	Defaults Upon Senior Securities	28
Item 4.	Mine Safety Disclosures	28
Item 5.	Other Information	28
Item 6.	Exhibits	28

 

 

 

1

 

 

PART I

FINANCIAL INFORMATION

 

ITEM 1.

FINANCIAL STATEMENTS.

 

ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

		Page
Condensed Consolidated Balance Sheets as of September 30, 2024 (Unaudited) and December 31, 2023		3
Condensed Consolidated Statements of Operations and Comprehensive Loss for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited)		4
Condensed Consolidated Statements of Changes in Stockholders’ Deficit for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited)		5-6
Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 (Unaudited)		7
Notes to Condensed Consolidated Financial Statements (Unaudited)		8

 

 

 

 

2

 

   

ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

 

		September 30, 2024				December 31, 2023
			(Unaudited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents		$	4,575			$	76,627
Inventory			502,462				451,986
Prepaid expenses and other current assets			416,064				379,490
TOTAL CURRENT ASSETS			923,101				908,103
Property and equipment, net			138,707				229,363
Operating lease right-of-use assets			175,317				287,334
TOTAL ASSETS		$	1,237,125			$	1,424,800
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES:
Accounts payable and accrued expenses		$	1,553,960			$	978,468
Accounts payable - related party			16,900				16,900
Convertible loan payables, net of discount			353,316				152,459
Due to officers			491,507				285,267
Derivative liability			397,811				376,941
Current portion of operating lease liability			165,045				153,803
Current portion of financing lease liability			—				16,045
Amount due to related parties			2,793				—
TOTAL CURRENT LIABILITIES			2,981,332				1,979,883
Financing lease liability, net of current portion			—				34,570
Operating lease liability, net of current portion			10,273				133,531
TOTAL LIABILITIES			2,991,605				2,147,984
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT:
Series A Preferred stock, par value $0.001 per share; 50,000,000 shares authorized, 9,780,976 shares issued and outstanding at September 30, 2024 and December 31, 2023			9,781				9,781
Common stock, par value $.001 per share; 1,000,000,000 shares authorized, 302,221,044 and 268,040,179 shares issued and outstanding in September 30, 2024 and December 31, 2023, respectively			302,220				268,040
Common stock subscriptions liability; 1,750,000 and 0 shares as of September 30, 2024 and December 31, 2023, respectively			35,000				—
Additional paid in capital			28,519,906				26,776,441
Accumulated deficit			(30,471,466	)			(27,771,291	)
Accumulated other comprehensive loss			(149,921	)			(6,155	)
TOTAL STOCKHOLDERS’ DEFICIT			(1,754,480	)			(723,184	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT		$	1,237,125			$	1,424,800

 

 

See accompanying notes to the condensed consolidated financial statements

 

 

3

 

 

ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES

CONDENSED 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
General and Administrative Expenses
Professional fees		$	191,439			$	348,355			$	523,517			$	690,483
Officers’ salaries and payroll taxes			109,228				134,117				253,342				392,085
Marketing fees			18,937				—				30,177				23,832
Travel and entertainment			8,263				13,213				12,168				35,354
Other general and administrative expenses			164,781				314,303				847,493				719,030
Total general and administrative expenses			492,648				809,988				1,666,697				1,860,784
LOSS FROM OPERATIONS			(492,648	)			(809,988	)			(1,666,697	)			(1,860,784	)
OTHER INCOME (EXPENSE)
Change in fair value of derivative			52,761				(189,042	)			(230,643	)			(178,933	)
Other income (expense)			146,863				4,753				128,137				7,076
Loss on settlement of liabilities			—				—				—				(196,159	)
Interest income (expense), net			(547,650	)			(71,755	)			(930,972	)			(165,848	)
Total other income (expense)			(348,026	)			(256,044	)			(1,033,478	)			(533,864	)
LOSS BEFORE TAXES			(840,674	)			(1,066,032	)			(2,700,175	)			(2,394,648	)
TAXES			—				(443	)			—				482
NET LOSS		$	(840,674	)		$	(1,065,589	)		$	(2,700,175	)		$	(2,395,130	)
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustments			(119,994	)			(28,295	)			(143,766	)			(14,645	)
TOTAL OTHER COMPREHENSIVE INCOME (LOSS)			(119,994	)			(28,295	)			(143,766	)			(14,645	)
COMPREHENSIVE LOSS		$	(960,668	)		$	(1,093,884	)		$	(2,843,941	)		$	(2,409,775	)
Weighted average number of common shares outstanding			290,395,963				218,557,629				281,659,364				204,852,652
Net loss per common share - Basic and Diluted			(0.01	)			(0.00	)			(0.01	)			(0.01	)

 

 

See accompanying notes to the condensed consolidated financial statements (unaudited).

 

 

4

 

 

ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES

CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

(UNAUDITED)

 

			Preferred Stock								Common Stock								Common Stock Subscriptions								Additional Paid-In Capital				Accumulated Deficit				Accumulated Other Comprehensive				Total Stockholders’
			Shares				Amount				Shares				Amount				Shares				Amount				Shares				Amount				Loss				Deficit
Balance at December 31, 2022			9,780,976			$	9,781				182,934,483			$	182,934				—			$	—			$	23,678,396			$	(24,337,973	)		$	(15,002	)		$	(481,864	)
Sale of common stock			—				—				5,685,988				5,686				13,674,000				310,700				227,814				—				—				544,200
Common stock issued to officers for- accrued salary			—				—				6,952,523				6,953				—				—				357,332				—				—				364,285
Imputed interest on related party loans			—				—				—				—				—				—				3,305				—				—				3,305
Net loss			—				—				—				—				—				—				—				(710,026	)			—				(710,026	)
Other comprehensive loss			—				—				—				—				—				—				—				—				(5,618	)			(5,618	)
Balance at March 31, 2023			9,780,976			$	9,781				195,572,994			$	195,573				13,674,000			$	310,700			$	24,266,847			$	(25,047,999	)		$	(20,620	)		$	(285,718	)
Sale of Common Stock			—				—				14,694,000				14,694				(13,674,000	)			(310,700	)			321,506				—				—				25,500
Common stock issued to satisfy convertible debt			—				—				4,479,247				4,479				—				—				88,521				—				—				93,000
Common stock issued for interest and fees			—				—				273,931				274				—				—				5,268				—				—				5,542
Derivative settled upon conversion of debt			—				—				—				—				—				—				113,806				—				—				113,806
Subscription deposits received			—				—				—				—				1,500,000				30,000				—				—				—				30,000
Net loss			—				—				—				—				—				—				—				(619,515	)							(619,515	)
Other comprehensive loss			—				—				—				—				—				—				—								19,268				19,268
BALANCE AT June 30, 2023			9,780,976				9,781				215,020,172			$	215,020				1,500,000			$	30,000				24,795,948				(25,667,514	)		$	(1,352	)		$	(618,117	)
Subscriptions liability reclassification to subscriptions			—				—				—				—				5,170,000				113,800				—				—				—				113,800
Sale of Common Stock			—				—				5,500,000				5,500				(1,500,000	)			(30,000	)			104,500				—				—				80,000
Common stock issued to satisfy convertible debt			—				—				2,000,000				2,000				—				—				33,000				—				—				35,000
Common stock issued for interest and fees			—				—				162,770				163				—				—				2,685				—				—				2,848
Derivative settled upon conversion of debt			—				—				—				—				—				—				42,293				—				—				42,293
Subscription deposits received			—				—				—				—				21,041,000				752,800				—								—				752,800
Net loss			—				—				—				—				—				—				—				(1,065,589	)			—				(1,065,589	)
Other comprehensive loss			—				—				—				—				—				—				—				—				(28,295	)			(28,295	)
Balance at September 30, 2023			9,780,976				9,781				222,682,942			$	222,683				26,211,000			$	866,600				24,978,426				(26,733,103	)		$	(29,647	)		$	(685,260	)

 

  

See accompanying notes to the condensed consolidated financial statements (unaudited).

 

 

5

 

ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES

CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

(UNAUDITED)

 

			Preferred Stock								Common Stock								Common Stock Subscriptions								Additional Paid-In Capital				Accumulated Deficit				Accumulated Other Comprehensive				Total Stockholders’
			Shares				Amount				Shares				Amount				Shares				Amount				Shares				Amount				Loss				Deficit
Balance at December 31, 2023			9,780,976			$	9,781				268,040,179			$	268,039				—			$	—			$	26,776,442			$	(27,771,291	)		$	(6,155	)		$	(723,184	)
Sale of common stock			—				—				1,741,667				1,742				2,000,000				100,000				38,258				—				—				140,000
Common stock issued to satisfy convertible debt			—				—				7,500,000				7,500				—				—				67,500				—				—				75,000
Common stock issued for interest and fees			—				—				413,836				414				—				—				3,723				—				—				4,137
Derivative settled upon conversion of debt			—				—				—				—				—				—				621,169				—				—				621,169
Net loss			—				—				—				—				—				—				—				(983,820	)			—				(983,820	)
Other comprehensive loss			—				—				—				—				—				—				—				—				(29,413	)			(29,413	)
Balance at March 31, 2024			9,780,976			$	9,781				277,695,682			$	277,695				2,000,000			$	100,000			$	27,507,092			$	(28,755,111	)		$	(35,568	)		$	(896,111	)
Sale of Common Stock			—				—				3,250,000				3,250				(2,000,000	)			(100,000	)			221,751				—				—				125,001
Subscription deposits received			—				—				—				—				1,650,000				165,000				—				—				—				165,000
Net loss			—				—				—				—				—				—				—				(875,681	)							(875,681	)
Other comprehensive loss			—				—				—				—				—				—				—				—				5,641				5,641
Balance at June 30, 2024			9,780,976			$	9,781				280,945,682			$	280,945				1,650,000			$	165,000			$	27,728,843			$	(29,630,792	)		$	(29,927	)		$	(1,476,150	)
Sale of Common Stock			—				—				8,900,000				8,900				1,750,000				35,000				301,100				—				—				345,000
Common stock issued for services			—				—				20,000				20				—				—				9,980				—				—				10,000
Common stock issued to satisfy convertible debt			—				—				11,615,718				11,615				—				—				96,385				—				—				108,000
Common stock issued for interest and fees			—				—				739,644				740				—				—				6,656				—				—				7,396
Derivative settled upon conversion of debt			—				—				—				—				—				—				376,942				—				—				376,942
Subscription deposits received			—				—				—				—				(1,650,000	)			(165,000	)			—				—				—				(165,000	)
Net loss			—				—				—				—												—				(840,674	)			—				(840,674	)
Other comprehensive loss			—				—				—				—				—				—				—				—				(119,994	)			(119,994	)
Balance at September 30, 2024			9,780,976			$	9,781				302,221,044			$	302,220				1,750,000			$	35,000			$	28,519,906			$	(30,471,466	)6		$	(149,921	)		$	(1,754,480	)

 

  

See accompanying notes to the condensed consolidated financial statements (unaudited).

 

 

6

ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

 

		September 30,				September 30,
		2024				2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss		$	(2,700,175	)		$	(2,395,130	)
Reconciliation of net loss to net cash used in operating activities
Amortization of debt discount and deferred financing costs			263,021				151,404
Depreciation and amortization			44,335				57,873
Stock based compensation			10,000				—
Non-cash lease expense			112,017				52,369
Change in fair value of derivative liability and derivative expense			230,643				178,933
Excess of debt discounted and financing costs			527,624				—
Imputed interest on related party loans			—				3,305
Loss on settlement			—				196,159
Foreign currency (gain) loss			37,807				2,475
Inventory			(50,476	)			(10,358	)
Prepaid expenses and other current assets			(36,574	)			(2,359	)
Accounts payable, accrued expenses and deferred taxes			587,025				80,566
Operating lease liabilities, current and non-current			(112,016	)			(52,369	)
Due to officers			206,240				130,929
Bad debt expense			—				52,761
CASH USED IN OPERATING ACTIVITIES			(880,529	)			(1,553,442	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Disposal(purchase) of property and equipment			46,321				(31,781	)
NET CASH PROVIDED BY (USED IN ) INVESTING ACTIVITIES			46,321				(31,781	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from convertible notes			381,550				153,000
Proceeds from sale of stock			575,001				679,700
Proceeds from subscriptions			35,000				866,600
Payments of finance lease liabilities			(50,615	)			(22,012	)
Proceeds from borrowings from related parties			2,793				—
CASH PROVIDED BY FINANCING ACTIVITIES			943,729				1,677,288
Effect of exchange rate changes on cash			(181,573	)			(17,120	)
Net change in cash			(72,052	)			74,945
Cash, beginning of period			76,627				40,886
Cash, end of period		$	4,575			$	115,831
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest		$	—				5,788
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common shares issued for interest and fees		$	11,533				8,390
Reclassification of common stock subscriptions to common stock		$	—
Common shares issued for conversion of loans payable		$	183,000				128,000
Derivative liability discount							81,530
Derivative settled upon conversion of debt		$	998,111				156,099
Addition of finance lease obligation		$	—				101,044

 

 

See accompanying notes to the condensed consolidated financial statements (unaudited).

 

 

7

 

 

ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES

NOTES CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

 

Note 1. Incorporation and Nature of Operations

Energy and Water Development Corp. (the “Company”) was originally incorporated as a Delaware corporation named Wealthhound.com, Inc. in 2000 and was converted to a Florida corporation under the name Eagle International Holdings Group Inc. on December 14, 2007.

On March 10, 2008, the Company changed its name to Eurosport Active World Corporation and on March 17, 2008, the Company entered into an Agreement and Plan of Acquisition (the “Acquisition Agreement”) with Inko Sport America, LLC (“ISA”), a privately-held Florida limited liability company wherein all of the certified owners of ISA exchanged their ownership interests in ISA for shares of the Company. In connection with the closing of the Acquisition Agreement, the Company adopted ISA’s business plan. This transaction was accounted for as a recapitalization effected by a share exchange, wherein ISA was considered the acquirer for accounting and financial reporting purposes. ISA was administratively dissolved in September 2010. In September 2019, the Company changed its name to Energy and Water Development Corp. to more accurately reflect the Company’s purpose and business sector.

In order to effectively cater to its expanding operations within one of the EU’s most environmentally advanced nations, the Company has strategically established a branch for business operations in Germany, along with one wholly-owned German subsidiaries: Energy and Water Development Deutschland GmbH (“EAWD Deutschland”).

Moreover, recognizing the importance of regional market demands, the Company has also extended its presence to Mexico through a wholly-owned subsidiary called EAWD Mexico SAPI de CV (“EAWD Mexico”), enhancing its capacity to address the needs of this area efficiently. This strategic positioning not only reflects the Company's commitment to environmental progress but also ensures an optimized response to evolving market requirements.

Note 2. Basis of Presentation and Other Information 

Principles of Consolidation and Basis of Presentation

 

The consolidated financial statements include the accounts of the Company and its consolidated subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.

 

The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for quarter 3 financial information and with the instructions to Form 10-Q of Regulation S-X. They do not include all information and footnotes required by GAAP for complete financial statements. The December 31, 2023 consolidated balance sheet data was derived from audited financial statements but do not include all disclosures required by GAAP. However, except as disclosed herein, there has been no material change in the information disclosed in the notes to the consolidated financial statements for the year ended December 31, 2023 included in the Company’s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission on April 26, 2024. The quarter 3 unaudited condensed consolidated financial statements should be read in conjunction with those consolidated financial statements included in the Form 10-K. In the opinion of management, all adjustments considered necessary for a fair presentation of the financial statements, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024 .

 

Foreign currency translation

 

The United States dollar (“USD”) is the Company’s reporting currency. The Company has a subsidiary located in Germany. The net sales generated, and the related expenses directly incurred from the operations, if any, are denominated in local currency, Euro (“Euro”). The functional currency of the subsidiary is generally the same as the local currency, such is the case of the Mexican subsidiary which is the local currency is the Mexican Peso (“MXN”).

 

Assets and liabilities measured in Euros and MXN are translated into USD at the prevailing exchange rates in effect as of the financial statement date and the related gains and losses, net of applicable deferred income taxes, are reflected in accumulated other comprehensive loss in its balance sheets. Income and expense accounts are translated at the average exchange rate for the period. The Company has not, to the date of these consolidated financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. During the year ended December 31, 2023 the Company used a spot rate of 1.10 and an average rate of 1.08 when converting EURO to USD.

 

 

8

ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES NOTES CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

 

 

 

Use of Estimates

 

The preparation of financial statements in accordance 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 and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting periods. Actual results could differ from those estimates. Estimates which are particularly significant to the financial statements include estimates relating to the determination of impairment of assets, assessment of going concern, the determination of the fair value of stock-based compensation, and the recoverability of deferred income tax assets.

 

Leases

 

Effective January 1, 2019, the Company adopted ASC 842- Leases (“ASC 842”). The lease standard provided a number of optional practical expedients in transition. The Company elected the package of practical expedients. As such, the Company did not have to reassess whether expired or existing contracts are or contain a lease; did not have to reassess the lease classifications or reassess the initial direct costs associated with expired or existing leases. The lease standard also provides practical expedients for an entity’s ongoing accounting. The Company elected the short-term lease recognition exemption under which the Company will not recognize right-of-use (“ROU”) assets or lease liabilities, and this includes not recognizing ROU assets or lease liabilities for existing short-term leases. The Company elected the practical expedient to not separate lease and non-lease components for certain classes of assets (facilities).

 

At the inception of an arrangement, the Company determines whether the arrangement is or contains a lease based on the unique facts and circumstances present in the arrangement. Leases with a term greater than one year are recognized on the balance sheet as right-of-use assets and short-term and long-term lease liabilities, as applicable. The Company does not have operating or financing leases.

 

Cash

 

The Company considers short-term interest-bearing investments with initial maturities of three months or less to be cash equivalents. The Company has $4,575 and $76,627 cash at September 30, 2024 and December 31, 2023.

 

Inventory

 

Inventory is stated at the lower of cost or net realizable value using the first in, first out (FIFO) method. A reserve is established if necessary to reduce excess or obsolete inventories to their net realizable value.

 

Prepaid Expenses and Other Current Assets

 

Prepaid expenses and other current assets include purchase deposits, miscellaneous prepaid expenses, value added tax receivable, and a security deposit.

 

Property and Equipment

 

Property and equipment is stated at cost, less accumulated depreciation. Depreciation is recognized over an asset’s estimated useful life using the straight-line method beginning on the date an asset is placed in service. The Company regularly evaluates the estimated remaining useful lives of the Company’s property and equipment to determine whether events or changes in circumstances warrant a revision to the remaining period of depreciation. Maintenance and repairs are charged to expense as incurred. Estimated useful lives of the Company’s Property and Equipment are as follows:

		Useful Life (in years)
Office equipment		5
Furniture and fixtures		7
Automobile		5
Machinery and equipment		5

 

 

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ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES NOTES CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

 

 

 

Deferred Financing Costs

 

The Company has recorded deferred financing costs as a result of fees incurred by the Company in conjunction with its debt financing activities. These costs are amortized to interest expense using the straight-line method which approximates the interest rate method over the term of the related debt. There were no deferred financing costs as of September 30, 2024 and December 31, 2023.

 

Fair Value of Financial Instruments

 

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at a measurement date.  A fair value hierarchy requires an entity to maximize the use of observable inputs, where available, and minimize the use of unobservable inputs when measuring fair value.

 

Described below are the three levels of inputs that may be used to measure fair value:

 

Level 1 – Quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities,

Level 2 – Observable prices that are based on inputs not quoted on active markets, but corroborated by market data,

Level 3 – Unobservable inputs are used when little or no market data is available.

 

The application of the three levels of the fair value hierarchy under ASC Topic 820-10-35, our derivative liabilities as of September 30, 2024 and December 31, 2023, were $397,811 and $376,941, respectively and measured on Level 3 inputs.

 

Certain assets and liabilities are required to be recorded at fair value on a recurring basis. The Company adjusts derivative financial instruments to fair value on a recurring basis. The fair value for other assets and liabilities such as cash, accounts receivable, prepaid expenses and other current assets, and accounts payable and accrued expenses have been determined to approximate carrying amounts due to the short maturities of these instruments. The Company believes that its indebtedness approximates fair value based on current yields for debt instruments with similar terms.

 

Income Taxes

 

Income taxes are accounted for under the asset and liability method as stipulated by ASC 740, “Accounting for Income Taxes”. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities or a change in tax rate is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced to estimated amounts to be realized by the use of the valuation allowance. A valuation allowance is applied when in management’s view it is more likely than not (50%) that such deferred tax will not be utilized.

 

ASC 740 provides interpretative guidance for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. In the unlikely event that an uncertain tax position exists in which the Corporation could incur income taxes, the Corporation would evaluate whether there is a probability that the uncertain tax position taken would be sustained upon examination by the taxing authorities. A liability for uncertain tax positions would then be recorded if the Corporation determined it is more likely than not that a position would not be sustained upon examination or if a payment would have to be made to a taxing authority and the amount is reasonably estimable.

 

As of December 31, 2023 and 2022, the Corporation does not believe any uncertain tax positions exist that would result in the Corporation having a liability to the taxing authorities. The Corporation’s policy is to classify interest and penalties related to unrecognized tax benefits, if and when required, as part of interest expense and general and administrative expense, respectively, in the statement of operations. The Corporation’s tax returns for the years ended 2012 through 2023 have been filed and are subject to examination by the federal and state tax authorities.

 

Revenue Recognition

 

The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers, the core principle of which is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to receive in exchange for those goods or services.

 

 

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ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES NOTES CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

 

 

 

To achieve this core principle, five basic criteria must be met before revenue can be recognized: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to performance obligations in the contract; and (5) recognize revenue when or as the Company satisfies a performance obligation. During the period ended September 30, 2024 and year ended December 31, 2023  , the Company did not recognize any revenue.

 

Loss Per Common Share

 

The Corporation accounts for earnings (loss) per share in accordance with FASB ASC Topic No. 260 - 10, “Earnings Per Share”, which establishes the requirements for presenting earnings per share (“EPS”). FASB ASC Topic No. 260 - 10 requires the presentation of “basic” and “diluted” EPS on the face of the statement of operations. Basic EPS amounts are calculated using the weighted-average number of common shares outstanding during each period. Diluted EPS assumes the exercise of all stock options, warrants and convertible securities having exercise prices less than the average market price of the common stock during the periods, using the treasury stock method. When a loss from operations exists, potential common shares are excluded from the computation of diluted EPS because their inclusion would result in an anti-dilutive effect on per share amounts.

 

As discussed more fully in Note 10, convertible note holders have the option of converting their loans into common shares subject to the terms and features offered by the specific convertible notes. Some note holders were also granted purchase options to purchase additional shares subject to the features of each purchase option. If the convertible note holders of unexercised convertible notes exercised their conversion feature and the additional purchase options, they would represent 77,597,228 in additional common shares at September 30, 2024. The potential shares from both the conversion feature and the rights to purchase additional shares were excluded from the computation of diluted net loss per share, as the inclusion of such shares would be anti-dilutive.

 

Related Party Transactions

 

A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. A related party is generally defined as:

 

	(i)	any person that holds 5% or more of the Company’s securities including such person’s immediate families,
	(ii)	the Company’s management,
	(iii)	someone that directly or indirectly controls, is controlled by or is under common control with the Company, or
	(iv)	anyone who can significantly influence the financial and operating decisions of the Company.

 

Note 3. Recently Issued Accounting Standards

The Company considers the applicability and impact of all Accounting Standards Updates (“ASUs”) issued by the Financial Accounting Standards Board (“FASB”). The Company has evaluated all recent accounting pronouncements and determined that the adoption of pronouncements applicable to the Company has not had or is not expected to have a material impact on the Company’s condensed consolidated financial statements.

Note 4. Going Concern

The Company has incurred operating losses since it began operations (December 2012) totaling $30,471,466 at September 30, 2024. During the nine months ended September 30, 2024, the Company incurred net losses of $2,700,175. The Company had a working capital deficit of $2,058,231 at September 30, 2024.

The Company’s ability to transition to profitable operations is dependent upon achieving a level of revenues adequate to support its cost structure. The timing and amount of actual expenditures will be based on many factors, including cash flows from operations and the anticipated growth of the Company’s business and availability to sufficient resources.

At the filling date of this report, management is working to conclude the sales in Germany and in other regions of the world relating to previously approved proposals, which would bring a growing revenue. Management plans to expand sales operations by greater market penetration of the agricultural, industrial and community development markets with the Company’s innovative water and energy generation solutions. Management also plans to raise additional funds during 2024 through the issuance of equity securities, from deposits related to customer purchase orders, and, if necessary, loans from management and third-party lenders. Management also plans to reduce expenses by centralizing the Company’s assembly, logistics and administrative operations into a larger, self-sufficient, off-grid location that will be able to house the storage of supplies and inventory, as well as provide space for assembly and administrative operations. The Company is also planning to acquire our its electric vehicles to reduce its supply transportation costs.

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ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES NOTES CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

 

 

These factors raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying unaudited condensed consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Note 5.   Inventory

The components of inventory at September 30, 2024 and December 31, 2023, consisted of the following:

		September 30, 2024				December 31, 2023
Work in progress		$	502,462			$	451,986
Inventory, net		$	502,462			$	451,986

 

Work in progress only reflects the value of products in intermediate production stages and excludes the value of finished products being held as inventory in anticipation of future sales and raw materials not yet incorporated into an item for sale. Work in progress consists of materials used for water generators, commercial solar panels supply, and materials used for the construction of a charging station.

Note 6. Prepaid Expenses and Other Current Assets

The components of prepaid expenses and other current assets at September 30, 2024 and December 31, 2023 consisted of the following:

		September 30, 2024				December 31, 2023
Prepayment on inventory not received		$	1,480			$	1,467
Miscellaneous prepaid expenses			117,031				116,740
Value added tax receivable			279,848				227,433
Security deposit			17,705				33,850
Prepaid expenses and other current assets		$	416,064			$	379,490

 

Note 7. Property and Equipment, Net

The components of property and equipment at September 30, 2024 and December 31, 2023 consisted of the following:

		September 30, 2024				December 31, 2023
Office equipment		$	17,712			$	14,077
Furniture and fixtures			19,189				2,531
Financing lease equipment			—				66,614
Machinery and equipment			105,003				105,003
Automobile			153,804				153,804
Property and equipment, gross			295,708				342,029
Less: Accumulated depreciation			(157,001	)			(112,666	)
Property and equipment, net		$	138,707			$	229,363

 

Depreciation expense for the nine months ended September 30, 2024 and 2023 was $44,335 and $57,873 , respectively, and is included in other general and administrative expenses on the consolidated statements of operations and comprehensive loss.

Note 8. Accounts Payable and Accrued Expenses

Significant components of accounts payable and accrued expenses at September 30, 2024 and December 31, 2023 are as follows:

		September 30, 2024				December 31, 2023
Accrued expenses		$	702,621			$	361,738
Accounts payable			411,155				269,806
Accrued legal costs			381,324				345,729
Accrued salary and payroll taxes			21,395				1,195
Other Payable			37,465				—
Total		$	1,553,960			$	978,468

 

 

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ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES NOTES CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

 

 

  

Note 9. Accounts Payable – Related Party

Significant components of accounts payable – related party at September 30, 2024 and December 31, 2023 are as follows:

		September 30, 2024				December 31, 2023
Accounts payable - related party			16,900				16,900
Total		$	16,900			$	16,900

 

As of September 30, 2024 and December 31, 2023, the Company owed Virhtech Gmbh, a related party of the Company, $16,900 and $16,900, respectively, for services performed for the Company and is classified as accounts payable - related party on the consolidated balance sheets.

Note 10. Convertible Loans Payable

As of December 31, 2023, the Company had convertible loans payable, net of discount, of $152,459.

During the year ended December 31, 2023, the Company issued one convertible loan in the aggregate amount of $153,000. The note bears interest at 8% per annum and all matured within one year. The conversion features in the note met the definition of a derivative and required bifurcation and liability classification, at fair value. The fair value of the derivative liability as of the date of issuance was $81,530 and was recorded as a discount of the notes.

As of September 30, 2024, the Company had convertible loans payable, net of discount, of $353,316.

On June 30, 2023, the Company issued an 8% convertible redeemable note in the principal amount of $153,000 to GS Capital Partners, LLC. The note bears interest at 8% per annum and all principal and interest is due on June 30, 2024. Upon an event of default (as defined in the note), the interest rate shall increase to 24% per annum and certain other penalties may apply depending on the reason for the default. This note is convertible after six months at a fix conversion price of $0.03; provided that if the closing price of our common stock is below $0.03 for the ten consecutive trading days prior to conversion, then the conversion price shall be equal to the lower of $0.01 or 70% of the lowest closing price for the twenty prior trading days. On January 17, 2024, principal in the amount of $75,000, along with $3,238 in interest and $900 in other fees was converted into 7,913,836 shares of common stock. On July 24, 2024, the Company completed a conversion of convertible note in the principal amount of $78,000 along with $6,496.44 in interest and $900 in other fees for 8,539,644 shares of common stock  .

On February 15, 2024, the Company issued an 8% convertible redeemable note in the principal amount of $150,000 to Geebis Consulting LLC. This note bears interest at a rate of 8% per annum and all principal and interest is due on August 15, 2024. Upon an event of default (as defined in the note), the interest rate shall increase to 24% per annum and certain other penalties may apply depending on the reason for the default. This note may be prepaid upon the payment of certain prepayment premiums. This note is convertible only after the maturity date at a fix conversion price of $0.04; provided that if the closing price of the Company’s common stock is below $0.03 for the five consecutive trading days prior to conversion, then the conversion price shall be equal to the lower of $0.01 or 70% of the lowest closing price for the twenty prior trading days. This note is unsecured and contains customary events of default for a loan of this type.

On June 26, 2024, the Company issued an 8% convertible redeemable note in the principal amount of $100,000 to Gs capital partners. This note bears interest at a rate of 8% per annum and all principal and interest is due on December 31, 2024. Upon an event of default (as defined in the note), the interest rate shall increase to 24% per annum and certain other penalties may apply depending on the reason for the default. This note may be prepaid upon the payment of certain prepayment premiums. This note is convertible only after the maturity date at a fix conversion price of $0.04; provided that if the closing price of the Company’s common stock is below $0.03 for the five consecutive trading days prior to conversion, then the conversion price shall be equal to the lower of $0.01 or 70% of the lowest closing bid price.

On August 20, 2024, the Company issued an 8% convertible redeemable note in the principal amount of $5,550 to Michael Ehnertand. This note bears interest at a rate of 8% per annum and all principal and interest is due on August 19, 2025. Upon an event of default (as defined in the note), the interest rate shall increase to 12% per annum and certain other penalties may apply depending on the reason for the default. The Note may be prepaid without penalties, but together with the amount of accrued but unpaid interest. This Note may be prepaid after the 180th day. This note is convertible only after the maturity date at a fix conversion price of $0.50 per share; Provided, however that in the event, the Company's Common closes below $1.00 for the five consecutive days prior to the date of the conversion notice, then the Fixed Price shall be equal to the lower of $0.40 per share of the Common Stock as reported on the OTC Markets on which the Company's shares are then traded or any exchange upon which the Common Stock may be traded in the future (the "Exchange"),for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company.

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ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES NOTES CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

 

 

Promissory Note

 

On March 7, 2024, the Company issued a promissory note to 1800 Diagonal Lending LLC in the principal amount of $147,775, which included an original issue discount of $19,275. This note includes a one-time interest charge of 12% applied on the issuance date to the principal amount, requires monthly payments commencing on September 15, 2024, and is due on December 15, 2024. This note is unsecured and contains customary events of default for a loan of this type. On April 16, 2024, we received a default notice from 1800 Diagonal Lending LLC requiring the immediate payment of a sum representing 160% of the remaining outstanding principal balance ($264,813  ), together with accrued interest and default interest, however, as of 16 August, 2024, 1800 Diagonal Lending LLC has informed EAWD that they have waived the default. The note began its conversion process on September 24, 2024.

		Amount
Balance of notes payable, net on December 31, 2023		$	152,459
Issuances of debt			150,000
Cash settlement of debt			—
Debt discount			(150,000	)
Conversions			(75,000	)
Amortization of debt discount			57,358
Balance of notes payable, net on March 31, 2024		$	134,817
Issuances of debt			100,000
Debt discount			(110,708	)
Amortization of debt discount			78,426
Balance of notes payable, net on June 30, 2024		$	202,535
Reclass from promissory note payable			147,775
Debt discount			(21,782	)
Amortization of debt discount			127,238
Conversions			(108,000	)
Issuances of debt			5,550
Balance of notes payable, net on September 30, 2024		$	353,316

 

Derivative Liabilities

The Company issued debt that consists of the issuance of convertible notes with variable conversion provisions as described above. The conversion terms of the convertible notes are variable based on certain factors, such as the future price of the Company’s common stock. The number of shares of common stock to be issued is based on the future price of the Company’s common stock. Accordingly, the number of shares of common stock issuable upon conversion of the promissory note is indeterminate. Due to the fact that the number of shares of common stock issuable could exceed the Company’s authorized share limit, the equity environment is tainted, and all additional convertible debentures and warrants are included in the value of the derivative liabilities. Pursuant to ASC 815-15, “Embedded Derivatives,” the fair values of the variable convertible notes and shares to be issued were recorded as derivative liabilities on the issuance date and revalued at each reporting period.

Based on the various convertible notes described above, the fair value of applicable derivative liabilities on notes and change in fair value of derivative liability are as follows as of September 30, 2024 and December 31, 2023:

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ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES NOTES CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

 

 

 

		Total
Balance as of December 31, 2022		$	184,025
Change due to issuances			81,530
Change due to conversion/redemptions			(261,442	)
Change in fair value			372,828
Balance as of December 31, 2023			376,941
Change due to issuances			243,180
Change due to conversion/redemptions			(621,168	)
Change in fair value			188,020
Balance as of March 31, 2024		$	186,973
Change due to issuances			110,707
Change in fair value			95,384
Balance as of June 30, 2024		$	393,064
Change due to issuances			434,450
Change due to conversion/redemption			(376,942	)
Change in fair value			(52,761	)
Balance as of September 30, 2024			397,811

 

 

 A summary of quantitative information with respect to valuation methodology and significant unobservable inputs used for the Company’s derivative liabilities that are categorized within Level 3 of the fair value hierarchy for the periods ended September 30, 2024 and December 31, 2023 is as follows:

			September 30, 2024				December 31, 2023
Stock price			$0.01 – 0.09				$0.02 – 0.12
Exercise price			$0.01 – 0.50				$0.02 – 0.03
Contractual term (in years)			0.49 – 1.00				0.49 – 1.00
Volatility (annual)			167% – 199%				184% – 219%
Risk-free rate			3.98% – 5.23%				4.64% – 5.56

The foregoing assumptions are reviewed quarterly and are subject to change based primarily on management’s assessment of the probability of the events described occurring. Accordingly, changes to these assessments could materially affect the valuations.

Financial Liabilities Measured at Fair Value on a Recurring Basis

Financial liabilities measured at fair value on a recurring basis are summarized below and disclosed on the balance sheet under derivative liability:

		Fair Value Measured at September 30, 2024
		Quoted Prices in Active Markets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Fair Value September 30, 2024
Derivative liability		$	—			$	—			$	397,811			$	397,811
Total		$	—			$	—			$	397,811			$	397,811

		Fair Value Measured at December 31, 2023
		Quoted Prices in Active Markets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Fair Value December 31, 2023
Derivative liability		$	—			$	—			$	376,941			$	376,941
Total		$	—			$	—			$	376,941			$	376,941

 

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ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES NOTES CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

 

 

There were no transfers between Level 1, 2 or 3 during the nine months ended September 30, 2024 and 2023.

During the three and nine months ended September 30, 2024, the Company recorded a loss of $52,761 and a gain of $230,643, respectively, from the change in fair value of derivative liability.

Note 11. Leases

Financing Leases

In January 2024, the Company terminated its finance lease agreement for heavy machinery. At the termination date, the carrying amount of the right-of-use asset and lease liability were $66,613 and $50,615, respectively. The difference of $15,998 was recognized as a loss in the condensed consolidated statements of operations and comprehensive loss. The termination resulted in the derecognition of both the right-of-use asset and the lease liability from the balance sheet, and did not significantly impact the Company’s cash flows for the period.

Operating Leases

In October 2023, the Company entered into a facility lease agreement with an unrelated party for an office and warehouse space located in Bargteheide, Germany. The monthly rental payments due, inclusive of taxes, are $15,356. The lease agreement is for a two-year term expiring on September 30, 2025. The Company also entered into a vehicle lease in October 2023 with an unrelated party with monthly payments of €741 for a three-year term expiring in October 2026.

The Company’s operating leases do not provide an implicit rate that can be readily determined. Therefore, the Company uses discount rates based on the incremental borrowing rate of its most recent external debt of 8%. 

The Company’s weighted-average remaining lease term relating to its operating leases is 1.12 years, with a weighted-average discount rate of 8%.

The Company incurred lease expense for its operating leases of $192,019 and $55,153 during the nine months ended September 30, 2024 and 2023, respectively. During the nine months ended September 30, 2024 and 2023, the Company made cash lease payments of $192,019 and $55,153, respectively. At September 30, 2024 and December 31, 2023, the operating lease right-of-use asset was $175,317 and $287,334, respectively, the current portion of operating lease liability was $165,044 and $153,803, respectively, and the operating lease liability, net of current portion, was $10,273 and $133,531, respectively.

The following table presents information about the future maturity of the lease liabilities under the Company’s operating leases as of September 30, 2024.

 

Maturities of Lease Liabilities		Operating Lease Liabilities
2024 (remainder of year)		$	43,276
2025			132,311
2026			8,276
Total future minimum lease payments			183,864
Less: Imputed interest			(8,547	)
Present value of lease liabilities		$	175,317
Remaining lease term (in years)			1 - 2.08

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ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES NOTES CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

 

 

 

Note 12. Related Party Transactions

Due to Officers

Amounts due to officers as of September 30, 2024 and December 31, 2023 are comprised of the following:

		September 30, 2024				December 31, 2023
Ralph Hofmeier:
Unsecured advances due to officer		$	10,191			$	2,253
Accrued salaries			263,931				148,985
Total due to Ralph Hofmeier			274,122				151,238
Irma Velazquez:
Unsecured advances due to officer			27,941				7,341
Accrued salaries			189,227				126,688
Total due to Irma Velazquez			217,168				134,029
Martin Antonio Del Signo Portilla			217				—
Total amounts due to officers		$	491,507			$	285,267

Unsecured advances due to officers represent unreimbursed expenses paid by the officers on behalf of the Company. These advances are unsecured, non-interest bearing and are due on demand.

Officer Compensation

Accrued salaries represent amounts accrued in accordance with the employment agreements for Mr. Hofmeier, the Company’s Chief Technology Officer and Chairman of the Board, and Ms. Velazquez, the Company’s Chief Executive Officer and Vice-Chairman of the Board. Mr. Hofmeier and Ms. Velazquez are also significant stockholders.

Virhtech Gmbh

As of September 30, 2024 and December 31, 2023, the Company owed Virhtech Gmbh, a related party of the Company, $16,900 and $16,900, respectively, for services performed for the Company and is classified as accounts payable - related party on the condensed consolidated balance sheets.

As of September 30, 2024, and December 31, 2023, the Company owed $2,793 and $0, respectively, to Virhtech GmbH, a related party. This loan is unsecured, interest-free, and repayable on demand, and is presented as 'Amount due to related parties' on the Company’s consolidated balance sheets.

Officer and Investor Deposits

On January 18, 2023, the Company issued 6,952,523 shares of common stock to officers for accrued salaries payable valued at $168,126.

For the nine months ended September 30, 2024, the Company received deposits in the amount of $610,000 for 15,661,667 shares of common stock related to common stock subscriptions that were issued in Q3 2024.

Note 13. Stockholders’ Deficit

Preferred Stock

The Company is authorized to issue 500,000,000 shares of preferred stock, $0.001 par value, of which 50,000,000 shares have been designated as series A preferred stock. As of September 30, 2024 and December 31, 2023, there were 9,780,976 shares of series A preferred stock issued and outstanding. The following is a description of the rights and preferences of the series A preferred stock. 

Dividend Rights. Upon the declaration of any dividends on the common stock, the series A preferred stock shall be treated pari passu with common stock, except that the dividend on each share of series A preferred stock shall be equal to the amount of the dividend declared and paid on each share of common stock multiplied by the conversion rate then in effect.

Liquidation Rights. In the event of any liquidation, dissolution or winding up of the Company, either voluntarily or involuntarily, the series A preferred stock shall be treated pari passu with the common stock, except that the payment on each share of series A preferred stock shall be equal to the amount of the payment on each share of common stock multiplied by the conversion rate then in effect.

17

ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES NOTES CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

 

 

Voting Rights. On any matter presented to stockholders for their action or consideration, each holder of outstanding shares of series A preferred stock shall be entitled to cast the number of votes equal to the number of shares of series A preferred stock held by such holder as of the record date for determining stockholders entitled to vote on such matter multiplied by the conversion rate then in effect. Except as provided by law or by the other provisions of the Company’s amended and restated articles of incorporation, holders of series A preferred stock shall vote together with the holders of common stock as a single class. In addition, so long as any share of series A preferred stock is outstanding, the Company shall not, without the written consent or affirmative vote of the holders of at least sixty-five percent (65%) of the then outstanding shares of series A preferred stock:

(a)

liquidate, dissolve or wind-up the business and affairs of the Company, or effect any merger or consolidation, or consent to any of the foregoing;

 

(b)

amend, alter or repeal any provision of the Company’s amended and restated articles of incorporation or bylaws in a manner that adversely affects the powers, preferences or rights of the series A preferred stock;

 

(c)

create, or authorize the creation of, or issue any additional class or series of capital stock, or increase the authorized number of shares of any class or series of capital stock, unless the same ranks junior to the series A preferred stock with respect to the distribution of assets on the liquidation, dissolution or winding up of the Company, the payment of dividends and rights upon a redemption;

 

(d)

reclassify, alter or amend any existing security that is pari passu with or junior to the series A preferred stock in respect of the distribution of assets on the liquidation, dissolution or winding up the Company, the payment of dividends or rights upon a redemption if such reclassification, alteration or amendment would render such other security senior to or pari passu with the series A preferred stock in respect of any such right, preference or privilege;

 

(e)

purchase or redeem (or permit any subsidiary to purchase or redeem), or pay or declare any dividend or make any distribution on, any shares of capital stock other than (i) redemptions of or dividends or distributions on the series A preferred stock as expressly authorized in the amended and restated articles of incorporation; (ii) dividends or other distributions payable on the common stock solely in the form of additional shares of common stock; (iii) repurchases of stock from former employees, officers, directors, consultants or other persons who performed services for the Company or any subsidiary in connection with the cessation of such employment or service at the lower of the original purchase price or the then-current fair market value thereof; or (iv) as approved by the board of directors; or

 

(f)

create, or authorize the creation of, or issue, or authorize the issuance of any debt security, or permit any subsidiary to take any such action with respect to any debt security, if the aggregate indebtedness of the Company and its subsidiaries for borrowed money following such action would exceed long-term debt, including all lines of credit on the balance sheet of the Company on filing date of the Company’s amended and restated articles of incorporation, other than equipment leases or bank lines of credit, unless such debt security has received the prior approval of the board of directors.

Conversion Rights. Each share of series A preferred stock is convertible, at the option of the holder thereof, at any time and from time to time, into such number of shares of common stock as is determined by multiplying the number of shares of series A preferred stock held by such holder by the conversion rate in effect at the time of conversion. In addition, upon either (i) the closing of the sale of shares common stock to the public in a firm commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933, as amended, resulting in at least $25 million of proceeds or (ii) the date and time, or the occurrence of an event, specified by the vote or written consent of the holders of at least sixty five percent (65%) of the then outstanding shares of series A preferred stock, all outstanding shares of series A preferred stock shall automatically be converted into shares of common stock at the conversion rate in effect at the time of conversion. The conversion rate is currently five (5) shares of common stock for each share of series A preferred stock, which is subject to standards adjustments for any stock splits, stock dividends, recapitalizations, reclassifications, mergers, consolidations or similar events.

Common Stock

The Company is authorized to issue 1,000,000,000 shares of common stock, $0.001 par value. As of September 30, 2024 and December 31, 2023, there were 302,221,044 and 268,040,179 shares of common stock outstanding, respectively.

18

ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES NOTES CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

 

 

During the nine months ended September 30, 2024, the Company engaged in the following equity events:

 

	·	On September 30, 2024, the Company completed a conversion of promissory note in the principal amount of $15,000 for 2,542,373 shares of common stock.
	·	On September 24, 2024, the Company completed a conversion of promissory note in the principal amount of $15,000 for 1,273,345 shares of common stock.
	·	On September 5, 2024, the Company issued 1,250,000 shares of common stock to Michael Erbes at a per share price of $0.02.
	·	On September 5, 2024, the Company issued 6,000,000 shares of common stock to Dale Johnson III at a per share price of $0.02.
	·	On August 19, 2024, the Company issued 20,000 shares of common stock to Landon Capital Management LLC DBA at a per share price of $0.50.
	·	On August 1, 2024, the Company issued 300,000 shares of common stock to Dale Johnson III at a per share price of $0.10.
	·	On August 1, 2024, the Company issued 300,000 shares of common stock to Michael Erbes at a per share price of $0.10.
	·	On August 1, 2024, the Company issued 1,050,000 shares of common stock to Layne Vanderwerf at a per share price of $0.10.
	·	On July 24, 2024, the Company completed a conversion of convertible note in the principal amount of $78,000 along with $6,496.44 in interest and $900 in other fees for 8,539,644 shares of common stock.
	·	On May 14, 2024, the Company issued 1,400,000 shares of common stock to Dale Johnson III at a per share price of $0.05.
	·	On May 14, 2024, the Company issued 625,000 shares of common stock to Dale Johnson III at a per share price of $0.10.
	·	On May 14, 2024, the Company issued 600,000 shares of common stock to Michael Erbes at a per share price of $0.05.
	·	On May 14, 2024, the Company issued 625,000 shares of common stock to Michael Erbes at a per share price of $0.10.
	·	On March 7, 2024, the Company issued 1,041,667 shares of common stock to William Z. Richardson III at a per share price of $0.024.
	·	On February 13, 2024, the Company issued 700,000 shares of common stock to Troy L. Webb at a per share price of $0.021.
	·	On January 17, 2024, the Company completed a conversion of a convertible note in the principal amount of $75,000 along with $3,238 in interest and $900 in other fees for 7,913,836 shares of common stock.

 

During the nine months ended September 30, 2023 the Company engaged in the following equity events:

	·	From January 1, 2023 through March 31, 2023, the Company issued 375,000 shares of common stock to investors for an aggregate purchase price of $37,500.
	·	From April 1, 2023 through June 30, 2023, the Company sold 8,940,000 shares of common stock to investors for an aggregate purchase price of $194,300, of which 2,750,000 shares and 6,420,000 shares were issued in the third and fourth quarter of 2023, respectively.
	·	From July 1, 2023 through September 30, 2023, the Company sold 23,791,000 shares of common stock to investors for an aggregate purchase price of $807,800, of which 2,750,000 shares were issued during the third quarter of 2023 and the remaining 21,041,000 shares were issued during the fourth quarter of 2023.
	·	From April 1, 2023 through June 30, 2023, the Company sold 7,440,000 shares of common stock to investors for an aggregate purchase price of $194,300.00, which 6,420,000 shares were issued in the third quarter of 2023.
	·	In the first quarter of 2023, the Company issued an additional 5,310,988 shares of the Company's common stock pursuant to the ELOC for an aggregate purchase price of $196,000.
	·	In the second quarter of 2023, the holder of our convertible debt elected to convert $93,000 in principal, $4,142 in accrued interest and $1,400 in other fees into 4,753,178 shares of common stock.
	·	In the third quarter of 2023, the holder of our convertible debt elected to convert $35,000 in principal, $1,948 in accrued interest and $900 in other fees into 2,162,770 shares of common stock.
	·	On January 18, 2023, the Company issued an aggregate 6,250,000 shares of common stock to Gary Rodney at a per share price of $0.02 in full satisfaction of all accrued but unpaid amounts payable for services as interim chief financial officer pursuant to his consulting agreement by and between InfoQuest Technology, Inc. and the Company dated June 2, 2021. The Company recognized a loss of $196,159 related to the settlement that is included on the accompanying consolidated condensed statement of operations and comprehensive loss.
	·	On January 18, 2023, the Company issued an aggregate 702,523 shares of common stock to Ralph Hofmeier the Company’s Chief Technology Officer and Chairman of the Board at a per share price of $0.05 in full satisfaction of all accrued but unpaid amounts payable pursuant to his employment agreement by and between Ralph Hofmeier and the Company dated August 4, 2022. The Company recognized a loss of $2,109 related to the settlement that is included in other income (expense) on the accompanying consolidated condensed statement of operations and comprehensive loss.

 

 

19

ENERGY AND WATER DEVELOPMENT CORP. AND SUBSIDIARIES NOTES CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

  

 

Note 14. Commitments and Contingencies

Employment Agreements

On August 4, 2022, the Company entered into employment agreements with its Chief Technology Officer and Chairman of the Board, Ralph Hofmeier, and its Chief Executive Officer and Vice-Chairman of the Board, Irma Velazquez. Under the employment agreements, the employees are entitled to a base salary of $210,305 payable in arrears in accordance with the Company’s ordinary payroll policies and procedures. Additionally, in recognition of the employees’ past services, the Company agreed to pay each employee a lump sum cash signing bonus of $29,164, less payroll deductions and withholdings, and each individual will be eligible to receive a yearly bonus based on yearly profitability. Additionally, if certain performance milestones are met, each employee will be granted options to purchase shares of common stock. No options had been granted as of September 30, 2024. Any increase to the annual base salary is subject to approval by the Company’s board of directors. The employment agreements have indefinite terms.

Litigation

From time to time, the Company may be a defendant in pending or threatened legal proceedings arising in the normal course of its business. While the outcome and impact of currently pending legal proceedings cannot be predicted with certainty, the Company’s management and legal counsel believe that the resolution of these proceedings through settlement or adverse judgment will not have a material adverse effect on its operating results, financial position or cash flows. 

Note 15. Subsequent Events  

The Company has evaluated its operations subsequent to September 30, 2024 to the date these condensed consolidated financial statements were available to be issued and determined the following subsequent events and transactions required disclosure in these condensed consolidated financial statements.

On October 4, 2024, the Company issued 3,076,923 shares of common stock to 1800 DIAGONAL LENDING, LLC for conversion of $15,000 of principal on the promissory note.

On October 4, 2024, the Company issued 12,139,583 shares of series A preferred stock to the Chief Executive Officer, Irma Velazquez for conversion of $145,675 of accrued deferred compensation.

On October 4, 2024, the Company issued 18,078,417 shares of series A preferred stock to the Chief Technology Officer, Ralph Hofmeier for conversion of $216,941 of accrued deferred compensation.

On October 4, 2024, the Company entered into an agreement with Amedeo Montonati to grant him 500,000 shares of common stock as equity-based awards for the Company’s 2022 Long Term Incentive Plan. On October 23, 2024, the Company issued an aggregate of 500,000 shares of common stock to Amedeo Montonati at a per share price of $0.50.

On October 9, 2024, the Company issued 3,333,333 shares of common stock to 1800 DIAGONAL LENDING, LLC for conversion of $15,000 of principal on the promissory note.

On October 16, 2024, the Company issued 7,207,207 shares of common stock to 1800 DIAGONAL LENDING, LLC for conversion of $20,000 of principal on the promissory note.

On October 18, 2024, the Company issued 9,195,402 shares of common stock to 1800 DIAGONAL LENDING, LLC for conversion of $20,000 of principal on the promissory note.

On October 23, 2024, the Company issued an aggregate of 1,750,000 shares of common stock to Dale Johnson III at a per share price of $0.10.

On October 28, 2024, the Company issued 12,121,212 shares of common stock to 1800 DIAGONAL LENDING, LLC for conversion of $20,000 of principal on the promissory note.

On October 31, 2024, the Company issued 16,327,273 shares of common stock to 1800 DIAGONAL LENDING, LLC for conversion of $26,940 of principal on the promissory note.

 

20

 

 

ITEM 2.

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

The following management’s discussion and analysis of financial condition and results of operations provides information that management believes is relevant to an assessment and understanding of our plans and financial condition. The following financial information is derived from our financial statements and should be read in conjunction with such financial statements and notes thereto set forth elsewhere herein.

Use of Terms

Except as otherwise indicated by the context and for the purposes of this report only, references in this report to “we,” “us,” “our” and “our company” are to Energy and Water Development Corp., a Florida corporation, and its consolidated subsidiaries.

Special Note Regarding Forward-Looking Statements

This report contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, that are based on our management’s beliefs and assumptions and on information currently available to us. All statements other than statements of historical facts are forward-looking statements. These statements relate to future events or to our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements include, but are not limited to, statements about:

·

our plans and expectations regarding future financial results, expected operating results;

 

·

the sufficiency of our cash and our liquidity;

 

·

market trends in our industry, energy markets, commodity prices, interest rates, the debt and lending markets, or the general economy;

 

·

development of new products and improvements to our existing products;

 

·

our manufacturing capacity and manufacturing costs;

 

·

the adequacy of our agreements with our suppliers;

 

·

our ability to obtain and maintain financing arrangements on favorable terms and to comply with debt covenants or cure any defaults;

 

·

the availability of opportunities to participate in climate solutions, including energy efficiency and renewable energy projects, and our ability to complete potential new opportunities in our pipeline;

 

·

the availability of and our ability to attract and retain qualified personnel;

 

·

actions and initiatives of federal, state and local governments and changes to federal, state and local government policies, regulations, tax laws and rates and the execution and impact of these actions, initiatives and policies;

 

·

general volatility of the securities markets in which we participate;

 

·

casualties, condemnation or catastrophic failures with respect to any of our business’ facilities;

 

·

costs and effects of legal and administrative proceedings, settlements, investigations and claims; and

 

·

extraordinary or force majeure events affecting the business or operations of our businesses.

 

In some cases, you can identify forward-looking statements by terms such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond our control and which could materially affect results. Factors that may cause actual results to differ materially from current expectations include, among other things, those listed under “Risk Factors” included in our Registration Statement on Form S-1, originally filed with the Securities and Exchange Commission, or the SEC, on October 30, 2023, as amended . If one or more of these risks or uncertainties occur, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance

21

 

 

In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this report, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements.

The forward-looking statements made in this report relate only to events or information as of the date on which the statements are made in this report. Except as expressly required by the federal securities laws, there is no undertaking to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason.

Overview

We are an engineering services company formed as an outsourcing green tech platform focused on sustainable water and energy solutions. We are a United Nations “accredited vendor” and offer design, construction, maintenance and specialty consulting services to private companies, government entities, non-government organizations and intergovernmental organizations for the sustainable supply of energy and water.

We build sustainable water and energy systems out of existing, proven technologies, utilizing our intellectual property and our technical know-how to customize solutions to meet our clients’ needs. Using our patent-pending design, we are working to design, build, and operate off-the-grid atmospheric water generation systems in Mexico and the United States, as well as off-the-grid electric vehicle charging stations in Germany.

In order to effectively cater to our expanding operations in Germany, we have strategically established a branch for business operations in Germany, along with two wholly owned German subsidiaries: Energy and Water Development Deutschland GmbH and EAWD Logistik GmbH. Moreover, recognizing the importance of regional market demands, we have also extended our presence to Mexico through a wholly owned subsidiary, EAWD Mexico SAPI de CV, enhancing our capacity to address the needs of this area efficiently. This strategic positioning not only reflects our commitment to environmental progress but also ensures an optimized response to evolving market requirements.

To date, we have not generated any revenues from the sale of our sustainable water and energy solutions.

22

 

 

Results of Operations

 

Results of Operations for the Three Months ended September 30, 2024 Compared to the Three Months ended September 30, 2023

 

		For the Three Months Ended
		September 30,
		2024				2023
		(Unaudited)				(Unaudited)
GENERAL AND ADMINISTRATIVE EXPENSES
Professional fees		$	191,439			$	348,355
Officers’ salaries and payroll taxes			109,228				134,117
Marketing fees			18,937				—
Travel and entertainment			8,263				13,213
Other general and administrative expenses			164,781				314,303
TOTAL GENERAL and ADMINISTRATIVE EXPENSES			492,648				809,988
LOSS FROM OPERATIONS			(492,648	)			(809,988	)
OTHER INCOME (EXPENSE)
Change in fair value of derivative liability			52,761				(189,042	)
Other income (expense)			146,863				4,753
Interest expense			(547,650	)			(71,755	)
TOTAL OTHER INCOME (EXPENSE)			(348,026	)			(256,044	)
LOSS BEFORE TAXES			(840,674	)			(1,066,032	)
TAXES			—				(443	)
NET LOSS		$	(840,674	)		$	(1,065,589	)

General and administrative expenses.

Our general and administrative expenses consist primarily of professional fees relating primarily to accounting, auditing and legal services; personnel expenses, including employee salaries and bonuses plus related payroll taxes; marketing expenses; travel and entertainment expenses; and insurance, other expenses incurred in connection with general operations. Our general and administrative expenses decreased by $317,340, or 39%, to $492,648 for the three months ended September 30, 2024 from $809,988 for the three months ended September 30, 2023.

The decrease in general and administrative expenses was primarily due to a decrease in other general and administrative expenses of $149,522 and professional fees of $156,916.

Total other income(expense).

Other expense increased by $91,982 to $348,026 for the three months ended September 30, 2024 compared to other expense of $256,044 for the three months ended September 30, 2023. The increase in other expense is the result of an increase of interest expense of $475,895, offset by an increase in change in fair value of derivative of $241,803 and an increase in other income of $142,110.

Net loss.

As a result of the cumulative effect of the factors described above, net loss decreased by $224,915 to $840,674 for the three months ended September 30, 2024 from $1,065,589 for the three months ended September 30, 2023. This decrease was attributable to the net increases and decreases as discussed above.

  

23

 

Results of Operations for the Nine Months ended September 30, 2024 Compared to the Nine Months ended September 30, 2023

 

		For the Nine Months Ended
		September 30,
		2024				2023
		(Unaudited)				(Unaudited)
GENERAL AND ADMINISTRATIVE EXPENSES
Professional fees		$	523,517			$	690,483
Officers’ salaries and payroll taxes			253,342				392,085
Marketing fees			30,177				23,832
Travel and entertainment			12,168				35,354
Other general and administrative expenses			847,493				719,030
TOTAL GENERAL and ADMINISTRATIVE EXPENSES			1,666,697				1,860,784
LOSS FROM OPERATIONS			(1,666,697	)			(1,860,784	)
OTHER INCOME (EXPENSE)
Change in fair value of derivative liability			(230,643	)			(178,933	)
Other income (expense)			128,137				7,076
Loss on settlement			—				(196,159	)
Interest expense			(930,972	)			(165,848	)
TOTAL OTHER INCOME (EXPENSE)			(1,033,478	)			(533,864	)
LOSS BEFORE TAXES			(2,700,175	)			(2,394,648	)
TAXES			—				482
NET LOSS		$	(2,700,175	)		$	(2,395,130	)

 

General and Administrative Expense

 

General and administrative expenses decreased by $194,087 to $1,666,697 for the nine months ended September 30, 2024 from $1,860,784 for the nine months ended September 30, 2023.

 

The decrease in general and administrative expenses was primarily due to a decrease in professional fee of $166,966, officers’ salaries and payroll taxes of $138,743, offset by an increase in other general and administrative expenses of $128,463.

 

Other Income (Expense)

 

Other expenses increased by $499,614 to $1,033,478 for the nine months ended September 30, 2024 compared to other expense of $533,864 for the nine months ended September 30, 2023. The increase in other expense is the result of an increase in interest expense of $765,124 and change in fair value of derivative of $51,710, offset by a decrease in loss on settlement of liabilities of $196,159 and an increase in other income of $121,061.

 

Net Loss

Net loss increased by $305,045 to $2,700,175 for the nine months ended September 30, 2024 from $2,394,648 for the nine months ended September 30, 2023. This decrease was attributable to the net increases and decreases as discussed above.

 

Liquidity and Capital Resources

As of September 30, 2024, we had $4,575 in cash. Our operating and capital requirements in connection with supporting our operations will continue to be significant. Since inception, our losses from operations and working capital requirements have been satisfied through the deferral of payment for services performed by our founders and related parties.

We have sustained operating losses since we began our operations in 2012. At September 30, 2024, we had an accumulated deficit of $30,471,466. We cannot predict how long we will continue to incur further losses or whether we will ever become profitable as this is dependent upon the reduction of certain expenses and success in obtaining project contracts, among other things. These conditions raise substantial doubt about our ability to continue as a going concern. Our financial statements were prepared on a going concern basis and do not include any adjustment with respect to these uncertainties.

24

 

Our ability to transition to profitable operations is dependent upon achieving a level of revenue adequate to support our cost structure. The timing and amount of our actual expenditure will be based on many factors, including cash flows from operations and the anticipated growth of our business and availability to sufficient resources.

Management is working to conclude the sales in Germany and in other regions of the world relating to previously approved proposals, which would bring a growing revenue. Management plans to expand sales operations by greater market penetration of the agricultural, industrial and community development markets with our innovative water and energy generation solutions. Management also plans to raise additional funds during 2024 through the issuance of equity securities, from deposits related to customer purchase orders, and, if necessary, loans from management and third-party lenders. Management also plans to reduce expenses by centralizing our assembly, logistics and administrative operations into a larger, self-sufficient, off-grid location that will be able to house the storage of supplies and inventory, as well as provide space for assembly and administrative operations. We are also planning to acquire our own electric vehicles to reduce our supply transportation costs.

The ability of our company to continue as a going concern depends upon its ability to generate sales or obtain additional funding to finance operating losses until it is profitable.

Summary of Cash Flow

 

Cash Flows from Operating Activities

 

We used $880,529   of cash in our operating activities in the nine months ended September 30, 2024 compared to $1,553,442 used in the nine months ended September 30, 2023. The decrease in cash used of $672,913   is primarily due to an increase in excess of debt discount and financing costs of $527,624  , offset by a decrease in loss on settlement of $196,159 and an increase in net loss of $305,045, as well as a decrease in cash used by working capital items of $165,301 principally related to an increase in accounts payable, accrued expenses and deferred taxes of $506,459.

 

Cash Flows from Investing Activities

 

The Company generated $46,321 in cash from investing activities in the nine months ended September 30, 2024 as compared to net cash used in investing activities of $31,781 in the nine months ended September 30, 2023.

 

Cash Flows from Financing Activities

 

Net cash provided by financing activities was $943,729 and $1,677,288 for the nine months ended September 30, 2024 and 2023, respectively. The net decrease of $733,559 is primarily due to $831,600 of proceeds from common stock subscriptions and proceeds from sale of stock of $104,699, offset by an increase in proceed from convertible notes of $228,550.

 

Financial Position

 

Total Assets – As of September 30, 2024 the Company had $1,237,125 of total assets representing $4,575 in cash, $502,462 in inventory, $416,064 in prepaid expenses and other current assets, $138,707 in property and equipment, and $175,317 in operating lease right-of-use asset.

 

PLAN OF OPERATION AND FUNDING

 

We expect to generate more revenues which should, grow in time and lead to a positive cash flow. In the near future, we expect that working capital requirements will continue to be funded through sales contracts, lines of credit, convertible loans and/or further issuances of other securities in sufficient quantities that we will be able to meet our working capital requirement from these possible sources. Additional issuances of equity or convertible debt will result in dilution to our current shareholders.

 

We seek to focus on three main aspects of the water and energy business: (1) generation, (2) supply, and (3) maintenance. We seek to assist private companies, government entities and NGO’s to build profitable and sustainable supplies/generation capabilities of water and energy as required, by selling them the required technology or technical service to enhance their productivity/operability. With its outsourced technical arm and its commission-based global network of vendors, the Company expects to create sustainable added value to each project it takes on while generating revenue from the sale of EAWD Off-Grid AWG Systems, EAWD Off-Grid EV Charging Stations, EAWD Off-Grid Power Systems, and EAWD Off-Grid Water Purification Systems, royalties from the commercialization of energy and water in certain cases, and the licensing of our innovated technologies; as well as from its engineering, technical consulting, and project management services.

 

Through our BlueTech Alliance for Water Generation, established in December 2020, we have state-of-the-art technology partners, technology transfer agreements, and technology representation agreements in place relating to aspects of renewable energy and water supply. These unique key relationships offer important selling features and capabilities that differentiated EAWD from its competitors.

 

The Company plans to generate revenue from the sale of EAWD Off-Grid AWG Systems, EAWD Off-Grid EV Charging Stations, EAWD Off-Grid Power Systems, and EAWD Off-Grid Water Purification Systems, royalties from the commercialization of energy and water in certain cases, and the licensing of our innovated technologies, as well as from its engineering, technical consulting, and project management services.

 

 

25

 

Contractual Obligations

Our principal commitments consist mostly of obligations under the loans described above.

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.

Critical Accounting Policies

The preparation of the unaudited condensed consolidated financial statements requires our management to make estimates and assumptions that affect the reported amounts of assets, liabilities, expenses, and related disclosure of contingent assets and liabilities. On a regular basis, we evaluate these estimates. These estimates are based on management’s historical industry experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

For a description of the accounting policies that, in management’s opinion, involve the most significant application of judgment or involve complex estimation and which could, if different judgment or estimates were made, materially affect our reported financial position, results of operations, or cash flows, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Critical Accounting Policies and Estimates” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed with the SEC on April 26, 2024.

 

 

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ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

 

Not applicable.

 

ITEM 4.

CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act). Disclosure controls and procedures refer to controls and other procedures designed to ensure that information required to be disclosed in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC and that such information 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.

As required by Rule 13a-15(e) of the Exchange Act, our management has carried out an evaluation, with the participation and under the supervision of our chief executive officer and chief financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as of September 30, 2024. Based upon, and as of the date of this evaluation, our chief executive officer and chief financial officer determined that, because of the material weaknesses described in Item 9A “Controls and Procedures” of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, which we are still in the process of remediating as of September 30, 2024, our disclosure controls and procedures were not effective. Investors are directed to Item 9A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 for the description of these weaknesses.

Remediation of Material Weaknesses in Internal Control Over Financial Reporting

We have evaluated the material weakness described above and our management and board of directors are committed to the design and successful implementation of internal control over financial reporting as promptly as possible. We currently plan to evaluate our updated internal controls design and determine whether the controls have operated effectively during 2024 in order to fully remediate the aforementioned material weakness in our internal control over financial reporting.

As disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, our management has identified the steps necessary to address the material weaknesses, and in the third quarter of 2024, we continued to implement the following remedial procedures:

·

We have welcomed a new part-time Chief Financial Officer to our team and augmented our staff with specialized accounting consultants.

 

·

We are in the process of codifying our policies and procedures, which will significantly enhance the cohesion between our financial operations and other non-accounting divisions.

 

·

We are also collaborating with external experts to ensure that our remediation efforts are both efficient and comprehensive.

We intend to complete the remediation of the material weaknesses discussed above as soon as practicable, but we can give no assurance that we will be able to do so. Designing and implementing an effective disclosure controls and procedures is a continuous effort that requires us to anticipate and react to changes in our business and the economic and regulatory environments and to devote significant resources to maintain a financial reporting system that adequately satisfies our reporting obligations. The remedial measures that we have taken and intend to take may not fully address the material weaknesses that we have identified, and material weaknesses in our disclosure controls and procedures may be identified in the future. Should we discover such conditions, we intend to remediate them as soon as practicable. We are committed to taking appropriate steps for remediation, as needed.

Changes in Internal Control Over Financial Reporting

Other than in connection with the implementation of the remedial measures described above, there were no changes in our internal controls over financial reporting during the third quarter of 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

27

 

 

PART II

OTHER INFORMATION

 

ITEM 1.

LEGAL PROCEEDINGS.

From time to time, we may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these, or other matters, may arise from time to time that may harm our business. We are currently not aware of any such legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition or operating results.

ITEM 1A.

RISK FACTORS.

Not applicable.

ITEM 2.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

Except as set forth below, we have not sold any equity securities during the three months ended September 30, 2024 that were not previously disclosed in a current report on Form 8-K that was filed during the quarter.

On July 22, 2024, we sold 2,250,000 shares of common stock to Dale Johnson III at a per share price of $0.02.

 

On July 26, 2024, we sold 5,500,000 shares of common stock to Dale Johnson III at a per share price of $0.02.

On July 26, 2024, we sold 1,250,000 shares of common stock to Michael Erbes at a per share price of $0.02.

We did not repurchase any shares of our common stock during the three months ended September 30, 2024.

ITEM 3.

DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4.

MINE SAFETY DISCLOSURES.

Not applicable.

ITEM 5.

OTHER INFORMATION.

During the quarter ended September 30, 2024, no director or officer of the Company adopted or terminated a contract, instruction or written plan for the purchase or sale of securities of the Company intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) and/or a non-Rule 10b5-1 trading arrangement.

ITEM 6.

EXHIBITS.

 

Exhibit No.		Description
3.1		Amended and Restated Articles of Energy and Water Development Corp. (incorporated by reference to Exhibit 3.1 to the Current Report on Form 8-K filed on January 31, 2020)
3.2		Articles of Amendment to Amended and Restated Articles of Energy and Water Development Corp. (incorporated by reference to Exhibit 3.2 to the Registration Statement on Form S-8 filed on October 28, 2022)
3.3		Bylaws of Energy and Water Development Corp. (incorporated by reference to Exhibit 3.2 to the Registration Statement on Form S-1 filed on October 7, 2015)
31.1*		Certifications of Principal Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2*		Certifications of Principal Financial Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1**		Certifications of Principal Executive Officer furnished pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2**		Certifications of Principal Financial Officer furnished pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS		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

** Furnished herewith 

 

 

28

 

 

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	ENERGY AND WATER DEVELOPMENT CORP.
	/s/ Irma Velazquez
	Name: Irma Velazquez
	Title: Chief Executive Officer
	(Principal Executive Officer)
	/s/ Amedeo Montonati
	Name: Amedeo Montonati
	Title: Chief Financial Officer
	(Principal Financial and Accounting Officer)

 

  

 

29

Exhibit 31.1

CERTIFICATIONS

 

I, Irma Velazquez, certify that:

 

1.

I have reviewed this quarterly report on Form 10-Q of Energy and Water Development Corp.;

 

2.

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

 

3.

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

 

4.

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

 

a)

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

 

	b)		Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)		Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; 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 or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 19, 2024

 

 

/s/ Irma Velazquez

Irma Velazquez

Chief Executive Officer (Principal Executive Officer)

Exhibit 31.2

 

CERTIFICATIONS

 

I, Amedeo Montonati, certify that:

 

1.

I have reviewed this quarterly report on Form 10-Q of Energy and Water Development Corp.;

 

2.

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

 

3.

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

 

4.

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

 

a)

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

 

	b)		Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)		Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; 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 or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 19, 2024

 

/s/ Amedeo Montonati

Amedeo Montonati

Chief Financial Officer (Principal Financial and Accounting Officer)

Exhibit 32.1

 

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906
OF THE SARBANES-OXLEY ACT OF 2002

 

 

The undersigned Chief Executive Officer of Energy and Water Development Corp. (the “Company”), DOES HEREBY CERTIFY that:

 

1.       The Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2024   (the “Report”), fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

2.       Information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

 

IN WITNESS WHEREOF, the undersigned has executed this statement on November 19, 2024.

 

 

/s/ Irma Velazquez

Irma Velazquez

Chief Executive Officer (Principal Executive Officer)

 

 

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

 

The forgoing certification is being furnished to the Securities and Exchange Commission pursuant to § 18 U.S.C. Section 1350. It is not being filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Exhibit 32.2

 

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906
OF THE SARBANES-OXLEY ACT OF 2002

 

 

The undersigned Chief Financial Officer of Energy and Water Development Corp. (the “Company”), DOES HEREBY CERTIFY that:

 

1.       The Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2024   (the “Report”), fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

2.       Information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

 

IN WITNESS WHEREOF, the undersigned has executed this statement on November 19, 2024.

 

 

/s/ Amedeo Montonati

Amedeo Montonati

Chief Financial Officer (Principal Financial and Accounting Officer)

 

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

 

The forgoing certification is being furnished to the Securities and Exchange Commission pursuant to § 18 U.S.C. Section 1350. It is not being filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Cover - shares	9 Months Ended
	Sep. 30, 2024	Nov. 15, 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	000-056030
Entity Registrant Name	ENERGY AND WATER DEVELOPMENT CORP.
Entity Central Index Key	0001563298
Entity Tax Identification Number	30-0781375
Entity Incorporation, State or Country Code	FL
Entity Address, Address Line One	7901 4th St.
Entity Address, Address Line Two	N, STE #4174,
Entity Address, City or Town	St. Petersburg
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33702
City Area Code	727
Local Phone Number	677-9408
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		409,853,888

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 4,575	$ 76,627
Inventory	502,462	451,986
Prepaid expenses and other current assets	416,064	379,490
TOTAL CURRENT ASSETS	923,101	908,103
Property and equipment, net	138,707	229,363
Operating lease right-of-use assets	175,317	287,334
TOTAL ASSETS	1,237,125	1,424,800
CURRENT LIABILITIES:
Accounts payable and accrued expenses	1,553,960	978,468
Accounts payable - related party	16,900	16,900
Convertible loan payables, net of discount	353,316	152,459
Due to officers	491,507	285,267
Derivative liability	397,811	376,941
Current portion of operating lease liability	165,045	153,803
Current portion of financing lease liability	0	16,045
Amount due to related parties	2,793	0
TOTAL CURRENT LIABILITIES	2,981,332	1,979,883
Financing lease liability, net of current portion	0	34,570
Operating lease liability, net of current portion	10,273	133,531
TOTAL LIABILITIES	2,991,605	2,147,984
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT:
Common stock, par value $.001 per share; 1,000,000,000 shares authorized, 302,221,044 and 268,040,179 shares issued and outstanding in September 30, 2024 and December 31, 2023, respectively	302,220	268,040
Common stock subscriptions liability; 1,750,000 and 0 shares as of September 30, 2024 and December 31, 2023, respectively	35,000	0
Additional paid in capital	28,519,906	26,776,441
Accumulated deficit	(30,471,466)	(27,771,291)
Accumulated other comprehensive loss	(149,921)	(6,155)
TOTAL STOCKHOLDERS’ DEFICIT	(1,754,480)	(723,184)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	1,237,125	1,424,800
Series A Preferred Stock [Member]
STOCKHOLDERS’ DEFICIT:
Preferred stock value	$ 9,781	$ 9,781

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	302,221,044	268,040,179
Common stock, shares outstanding	302,221,044	268,040,179
Common stock subscriptions, shares	1,750,000	0
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, share issued	9,780,976	9,780,976
Preferred stock, shares outstanding	9,780,976	9,780,976

CONDENSED 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
General and Administrative Expenses
Professional fees	$ 191,439	$ 348,355	$ 523,517	$ 690,483
Officers’ salaries and payroll taxes	109,228	134,117	253,342	392,085
Marketing fees	18,937	0	30,177	23,832
Travel and entertainment	8,263	13,213	12,168	35,354
Other general and administrative expenses	164,781	314,303	847,493	719,030
Total general and administrative expenses	492,648	809,988	1,666,697	1,860,784
LOSS FROM OPERATIONS	(492,648)	(809,988)	(1,666,697)	(1,860,784)
OTHER INCOME (EXPENSE)
Change in fair value of derivative	52,761	(189,042)	(230,643)	(178,933)
Other income (expense)	146,863	4,753	128,137	7,076
Loss on settlement of liabilities	0	0	0	(196,159)
Interest income (expense), net	(547,650)	(71,755)	(930,972)	(165,848)
Total other income (expense)	(348,026)	(256,044)	(1,033,478)	(533,864)
LOSS BEFORE TAXES	(840,674)	(1,066,032)	(2,700,175)	(2,394,648)
TAXES	0	(443)	0	482
NET LOSS	(840,674)	(1,065,589)	(2,700,175)	(2,395,130)
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustments	(119,994)	(28,295)	(143,766)	(14,645)
TOTAL OTHER COMPREHENSIVE INCOME (LOSS)	(119,994)	(28,295)	(143,766)	(14,645)
COMPREHENSIVE LOSS	$ (960,668)	$ (1,093,884)	$ (2,843,941)	$ (2,409,775)
Weighted average number of common shares outstanding - Basic	290,395,963	218,557,629	281,659,364	204,852,652
Weighted average number of common shares outstanding - Diluted	290,395,963	218,557,629	281,659,364	204,852,652
Net loss per common share - Basic	$ (0.01)	$ (0.00)	$ (0.01)	$ (0.01)
Net loss per common share - Diluted	$ (0.01)	$ (0.00)	$ (0.01)	$ (0.01)

CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (UNAUDITED) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Common Stock Subscriptions [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Dec. 31, 2022	$ 9,781	$ 182,934	$ 0	$ 23,678,396	$ (24,337,973)	$ (15,002)	$ (481,864)
Beginning balance, shares at Dec. 31, 2022	9,780,976	182,934,483	0
Sale of Common Stock		$ 5,686	$ 310,700	227,814			544,200
Sale of common stock, shares		5,685,988	13,674,000
Common stock issued to officers for- accrued salary		$ 6,953		357,332			364,285
Common stock issued to officers for- accrued salary, shares		6,952,523
Imputed interest on related party loans				3,305			3,305
Net loss					(710,026)		(710,026)
Other comprehensive loss						(5,618)	(5,618)
Ending balance, value at Mar. 31, 2023	$ 9,781	$ 195,573	$ 310,700	24,266,847	(25,047,999)	(20,620)	(285,718)
Ending balance, shares at Mar. 31, 2023	9,780,976	195,572,994	13,674,000
Beginning balance, value at Dec. 31, 2022	$ 9,781	$ 182,934	$ 0	23,678,396	(24,337,973)	(15,002)	(481,864)
Beginning balance, shares at Dec. 31, 2022	9,780,976	182,934,483	0
Net loss							(2,395,130)
Ending balance, value at Sep. 30, 2023	$ 9,781	$ 222,683	$ 866,600	24,978,426	(26,733,103)	(29,647)	(685,260)
Ending balance, shares at Sep. 30, 2023	9,780,976	222,682,942	26,211,000
Beginning balance, value at Mar. 31, 2023	$ 9,781	$ 195,573	$ 310,700	24,266,847	(25,047,999)	(20,620)	(285,718)
Beginning balance, shares at Mar. 31, 2023	9,780,976	195,572,994	13,674,000
Sale of Common Stock		$ 14,694	$ (310,700)	321,506			25,500
Sale of common stock, shares		14,694,000	(13,674,000)
Common stock issued to satisfy convertible debt		$ 4,479		88,521			93,000
Common stock issued to satisfy convertible debt, shares		4,479,247
Common stock issued for interest and fees		$ 274		5,268			5,542
Common stock issued for interest and fees, shares		273,931
Derivative settled upon conversion of debt				113,806			113,806
Subscription deposits received			$ 30,000				30,000
Subscription deposits received, shares			1,500,000
Net loss					(619,515)		(619,515)
Other comprehensive loss						19,268	19,268
Ending balance, value at Jun. 30, 2023	$ 9,781	$ 215,020	$ 30,000	24,795,948	(25,667,514)	(1,352)	(618,117)
Ending balance, shares at Jun. 30, 2023	9,780,976	215,020,172	1,500,000
Subscriptions liability reclassification to subscriptions			$ 113,800				113,800
Subscriptions liability reclassification to subscriptions, shares			5,170,000
Sale of Common Stock		$ 5,500	$ (30,000)	104,500			80,000
Sale of common stock, shares		5,500,000	(1,500,000)
Common stock issued to satisfy convertible debt		$ 2,000		33,000			35,000
Common stock issued to satisfy convertible debt, shares		2,000,000
Common stock issued for interest and fees		$ 163		2,685			2,848
Common stock issued for interest and fees, shares		162,770
Derivative settled upon conversion of debt				42,293			42,293
Subscription deposits received			$ 752,800				752,800
Subscription deposits received, shares			21,041,000
Net loss					(1,065,589)		(1,065,589)
Other comprehensive loss						(28,295)	(28,295)
Ending balance, value at Sep. 30, 2023	$ 9,781	$ 222,683	$ 866,600	24,978,426	(26,733,103)	(29,647)	(685,260)
Ending balance, shares at Sep. 30, 2023	9,780,976	222,682,942	26,211,000
Ending balance, value at Dec. 31, 2023	$ 9,781	$ 268,039	$ 0	26,776,442	(27,771,291)	(6,155)	(723,184)
Ending balance, shares at Dec. 31, 2023	9,780,976	268,040,179	0
Sale of Common Stock		$ 1,742	$ 100,000	38,258			140,000
Sale of common stock, shares		1,741,667	2,000,000
Common stock issued to satisfy convertible debt		$ 7,500		67,500			75,000
Common stock issued to satisfy convertible debt, shares		7,500,000
Common stock issued for interest and fees		$ 414		3,723			4,137
Common stock issued for interest and fees, shares		413,836
Derivative settled upon conversion of debt				621,169			621,169
Net loss					(983,820)		(983,820)
Other comprehensive loss						(29,413)	(29,413)
Ending balance, value at Mar. 31, 2024	$ 9,781	$ 277,695	$ 100,000	27,507,092	(28,755,111)	(35,568)	(896,111)
Ending balance, shares at Mar. 31, 2024	9,780,976	277,695,682	2,000,000
Beginning balance, value at Dec. 31, 2023	$ 9,781	$ 268,039	$ 0	26,776,442	(27,771,291)	(6,155)	(723,184)
Beginning balance, shares at Dec. 31, 2023	9,780,976	268,040,179	0
Net loss							(2,700,175)
Ending balance, value at Sep. 30, 2024	$ 9,781	$ 302,220	$ 35,000	28,519,906	(30,471,466)	(149,921)	(1,754,480)
Ending balance, shares at Sep. 30, 2024	9,780,976	302,221,044	1,750,000
Beginning balance, value at Mar. 31, 2024	$ 9,781	$ 277,695	$ 100,000	27,507,092	(28,755,111)	(35,568)	(896,111)
Beginning balance, shares at Mar. 31, 2024	9,780,976	277,695,682	2,000,000
Sale of Common Stock		$ 3,250	$ (100,000)	221,751			125,001
Sale of common stock, shares		3,250,000	(2,000,000)
Subscription deposits received			$ 165,000				165,000
Subscription deposits received, shares			1,650,000
Net loss					(875,681)		(875,681)
Other comprehensive loss						5,641	5,641
Ending balance, value at Jun. 30, 2024	$ 9,781	$ 280,945	$ 165,000	27,728,843	(29,630,792)	(29,927)	(1,476,150)
Ending balance, shares at Jun. 30, 2024	9,780,976	280,945,682	1,650,000
Sale of Common Stock		$ 8,900	$ 35,000	301,100			345,000
Sale of common stock, shares		8,900,000	1,750,000
Common stock issued for services		$ 20		9,980			10,000
Common stock issued for services, shares		20,000
Common stock issued to satisfy convertible debt		$ 11,615		96,385			108,000
Common stock issued to satisfy convertible debt, shares		11,615,718
Common stock issued for interest and fees		$ 740		6,656			7,396
Common stock issued for interest and fees, shares		739,644
Derivative settled upon conversion of debt				376,942			376,942
Subscription deposits received			$ (165,000)				(165,000)
Subscription deposits received, shares			(1,650,000)
Net loss					(840,674)		(840,674)
Other comprehensive loss						(119,994)	(119,994)
Ending balance, value at Sep. 30, 2024	$ 9,781	$ 302,220	$ 35,000	$ 28,519,906	$ (30,471,466)	$ (149,921)	$ (1,754,480)
Ending balance, shares at Sep. 30, 2024	9,780,976	302,221,044	1,750,000

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (2,700,175)	$ (2,395,130)
Reconciliation of net loss to net cash used in operating activities
Amortization of debt discount and deferred financing costs	263,021	151,404
Depreciation and amortization	44,335	57,873
Stock based compensation	10,000	0
Non-cash lease expense	112,017	52,369
Change in fair value of derivative liability and derivative expense	230,643	178,933
Excess of debt discounted and financing costs	527,624	0
Imputed interest on related party loans	0	3,305
Loss on settlement	0	196,159
Foreign currency (gain) loss	37,807	2,475
Inventory	(50,476)	(10,358)
Prepaid expenses and other current assets	(36,574)	(2,359)
Accounts payable, accrued expenses and deferred taxes	587,025	80,566
Operating lease liabilities, current and non-current	(112,016)	(52,369)
Due to officers	206,240	130,929
Bad debt expense	0	52,761
CASH USED IN OPERATING ACTIVITIES	(880,529)	(1,553,442)
CASH FLOWS FROM INVESTING ACTIVITIES:
Disposal(purchase) of property and equipment	46,321	(31,781)
NET CASH PROVIDED BY (USED IN ) INVESTING ACTIVITIES	46,321	(31,781)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from convertible notes	381,550	153,000
Proceeds from sale of stock	575,001	679,700
Proceeds from subscriptions	35,000	866,600
Payments of finance lease liabilities	(50,615)	(22,012)
Proceeds from borrowings from related parties	2,793	0
CASH PROVIDED BY FINANCING ACTIVITIES	943,729	1,677,288
Effect of exchange rate changes on cash	(181,573)	(17,120)
Net change in cash	(72,052)	74,945
Cash, beginning of period	76,627	40,886
Cash, end of period	4,575	115,831
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	0	5,788
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common shares issued for interest and fees	11,533	8,390
Reclassification of common stock subscriptions to common stock	0
Common shares issued for conversion of loans payable	183,000	128,000
Derivative liability discount		81,530
Derivative settled upon conversion of debt	998,111	156,099
Addition of finance lease obligation	$ 0	$ 101,044

Pay vs Performance Disclosure - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (840,674)	$ (1,065,589)	$ (2,700,175)	$ (2,395,130)

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Incorporation and Nature of Operations	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Incorporation and Nature of Operations	Note 1. Incorporation and Nature of Operations Energy and Water Development Corp. (the “Company”) was originally incorporated as a Delaware corporation named Wealthhound.com, Inc. in 2000 and was converted to a Florida corporation under the name Eagle International Holdings Group Inc. on December 14, 2007. On March 10, 2008, the Company changed its name to Eurosport Active World Corporation and on March 17, 2008, the Company entered into an Agreement and Plan of Acquisition (the “Acquisition Agreement”) with Inko Sport America, LLC (“ISA”), a privately-held Florida limited liability company wherein all of the certified owners of ISA exchanged their ownership interests in ISA for shares of the Company. In connection with the closing of the Acquisition Agreement, the Company adopted ISA’s business plan. This transaction was accounted for as a recapitalization effected by a share exchange, wherein ISA was considered the acquirer for accounting and financial reporting purposes. ISA was administratively dissolved in September 2010. In September 2019, the Company changed its name to Energy and Water Development Corp. to more accurately reflect the Company’s purpose and business sector. In order to effectively cater to its expanding operations within one of the EU’s most environmentally advanced nations, the Company has strategically established a branch for business operations in Germany, along with one wholly-owned German subsidiaries: Energy and Water Development Deutschland GmbH (“EAWD Deutschland”). Moreover, recognizing the importance of regional market demands, the Company has also extended its presence to Mexico through a wholly-owned subsidiary called EAWD Mexico SAPI de CV (“EAWD Mexico”), enhancing its capacity to address the needs of this area efficiently. This strategic positioning not only reflects the Company's commitment to environmental progress but also ensures an optimized response to evolving market requirements.

Basis of Presentation and Other Information	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation and Other Information	Note 2. Basis of Presentation and Other Information  Principles of Consolidation and Basis of Presentation   The consolidated financial statements include the accounts of the Company and its consolidated subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.   The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for quarter 3 financial information and with the instructions to Form 10-Q of Regulation S-X. They do not include all information and footnotes required by GAAP for complete financial statements. The December 31, 2023 consolidated balance sheet data was derived from audited financial statements but do not include all disclosures required by GAAP. However, except as disclosed herein, there has been no material change in the information disclosed in the notes to the consolidated financial statements for the year ended December 31, 2023 included in the Company’s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission on April 26, 2024. The quarter 3 unaudited condensed consolidated financial statements should be read in conjunction with those consolidated financial statements included in the Form 10-K. In the opinion of management, all adjustments considered necessary for a fair presentation of the financial statements, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024 .   Foreign currency translation   The United States dollar (“USD”) is the Company’s reporting currency. The Company has a subsidiary located in Germany. The net sales generated, and the related expenses directly incurred from the operations, if any, are denominated in local currency, Euro (“Euro”). The functional currency of the subsidiary is generally the same as the local currency, such is the case of the Mexican subsidiary which is the local currency is the Mexican Peso (“MXN”).   Assets and liabilities measured in Euros and MXN are translated into USD at the prevailing exchange rates in effect as of the financial statement date and the related gains and losses, net of applicable deferred income taxes, are reflected in accumulated other comprehensive loss in its balance sheets. Income and expense accounts are translated at the average exchange rate for the period. The Company has not, to the date of these consolidated financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. During the year ended December 31, 2023 the Company used a spot rate of 1.10 and an average rate of 1.08 when converting EURO to USD.   Use of Estimates   The preparation of financial statements in accordance 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 and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting periods. Actual results could differ from those estimates. Estimates which are particularly significant to the financial statements include estimates relating to the determination of impairment of assets, assessment of going concern, the determination of the fair value of stock-based compensation, and the recoverability of deferred income tax assets.   Leases   Effective January 1, 2019, the Company adopted ASC 842- Leases (“ASC 842”). The lease standard provided a number of optional practical expedients in transition. The Company elected the package of practical expedients. As such, the Company did not have to reassess whether expired or existing contracts are or contain a lease; did not have to reassess the lease classifications or reassess the initial direct costs associated with expired or existing leases. The lease standard also provides practical expedients for an entity’s ongoing accounting. The Company elected the short-term lease recognition exemption under which the Company will not recognize right-of-use (“ROU”) assets or lease liabilities, and this includes not recognizing ROU assets or lease liabilities for existing short-term leases. The Company elected the practical expedient to not separate lease and non-lease components for certain classes of assets (facilities).   At the inception of an arrangement, the Company determines whether the arrangement is or contains a lease based on the unique facts and circumstances present in the arrangement. Leases with a term greater than one year are recognized on the balance sheet as right-of-use assets and short-term and long-term lease liabilities, as applicable. The Company does not have operating or financing leases.   Cash   The Company considers short-term interest-bearing investments with initial maturities of three months or less to be cash equivalents. The Company has $4,575 and $76,627 cash at September 30, 2024 and December 31, 2023.   Inventory   Inventory is stated at the lower of cost or net realizable value using the first in, first out (FIFO) method. A reserve is established if necessary to reduce excess or obsolete inventories to their net realizable value.   Prepaid Expenses and Other Current Assets   Prepaid expenses and other current assets include purchase deposits, miscellaneous prepaid expenses, value added tax receivable, and a security deposit.   Property and Equipment   Property and equipment is stated at cost, less accumulated depreciation. Depreciation is recognized over an asset’s estimated useful life using the straight-line method beginning on the date an asset is placed in service. The Company regularly evaluates the estimated remaining useful lives of the Company’s property and equipment to determine whether events or changes in circumstances warrant a revision to the remaining period of depreciation. Maintenance and repairs are charged to expense as incurred. Estimated useful lives of the Company’s Property and Equipment are as follows:       Useful Life (in years) Office equipment   5 Furniture and fixtures   7 Automobile   5 Machinery and equipment   5   Deferred Financing Costs   The Company has recorded deferred financing costs as a result of fees incurred by the Company in conjunction with its debt financing activities. These costs are amortized to interest expense using the straight-line method which approximates the interest rate method over the term of the related debt. There were no deferred financing costs as of September 30, 2024 and December 31, 2023.   Fair Value of Financial Instruments   Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at a measurement date.  A fair value hierarchy requires an entity to maximize the use of observable inputs, where available, and minimize the use of unobservable inputs when measuring fair value.   Described below are the three levels of inputs that may be used to measure fair value:   Level 1 – Quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities, Level 2 – Observable prices that are based on inputs not quoted on active markets, but corroborated by market data, Level 3 – Unobservable inputs are used when little or no market data is available.   The application of the three levels of the fair value hierarchy under ASC Topic 820-10-35, our derivative liabilities as of September 30, 2024 and December 31, 2023, were $397,811 and $376,941, respectively and measured on Level 3 inputs.   Certain assets and liabilities are required to be recorded at fair value on a recurring basis. The Company adjusts derivative financial instruments to fair value on a recurring basis. The fair value for other assets and liabilities such as cash, accounts receivable, prepaid expenses and other current assets, and accounts payable and accrued expenses have been determined to approximate carrying amounts due to the short maturities of these instruments. The Company believes that its indebtedness approximates fair value based on current yields for debt instruments with similar terms.   Income Taxes   Income taxes are accounted for under the asset and liability method as stipulated by ASC 740, “Accounting for Income Taxes”. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities or a change in tax rate is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced to estimated amounts to be realized by the use of the valuation allowance. A valuation allowance is applied when in management’s view it is more likely than not (50%) that such deferred tax will not be utilized.   ASC 740 provides interpretative guidance for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. In the unlikely event that an uncertain tax position exists in which the Corporation could incur income taxes, the Corporation would evaluate whether there is a probability that the uncertain tax position taken would be sustained upon examination by the taxing authorities. A liability for uncertain tax positions would then be recorded if the Corporation determined it is more likely than not that a position would not be sustained upon examination or if a payment would have to be made to a taxing authority and the amount is reasonably estimable.   As of December 31, 2023 and 2022, the Corporation does not believe any uncertain tax positions exist that would result in the Corporation having a liability to the taxing authorities. The Corporation’s policy is to classify interest and penalties related to unrecognized tax benefits, if and when required, as part of interest expense and general and administrative expense, respectively, in the statement of operations. The Corporation’s tax returns for the years ended 2012 through 2023 have been filed and are subject to examination by the federal and state tax authorities.   Revenue Recognition   The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers, the core principle of which is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to receive in exchange for those goods or services.   To achieve this core principle, five basic criteria must be met before revenue can be recognized: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to performance obligations in the contract; and (5) recognize revenue when or as the Company satisfies a performance obligation. During the period ended September 30, 2024 and year ended December 31, 2023  , the Company did not recognize any revenue.   Loss Per Common Share   The Corporation accounts for earnings (loss) per share in accordance with FASB ASC Topic No. 260 - 10, “Earnings Per Share”, which establishes the requirements for presenting earnings per share (“EPS”). FASB ASC Topic No. 260 - 10 requires the presentation of “basic” and “diluted” EPS on the face of the statement of operations. Basic EPS amounts are calculated using the weighted-average number of common shares outstanding during each period. Diluted EPS assumes the exercise of all stock options, warrants and convertible securities having exercise prices less than the average market price of the common stock during the periods, using the treasury stock method. When a loss from operations exists, potential common shares are excluded from the computation of diluted EPS because their inclusion would result in an anti-dilutive effect on per share amounts.   As discussed more fully in Note 10, convertible note holders have the option of converting their loans into common shares subject to the terms and features offered by the specific convertible notes. Some note holders were also granted purchase options to purchase additional shares subject to the features of each purchase option. If the convertible note holders of unexercised convertible notes exercised their conversion feature and the additional purchase options, they would represent 77,597,228 in additional common shares at September 30, 2024. The potential shares from both the conversion feature and the rights to purchase additional shares were excluded from the computation of diluted net loss per share, as the inclusion of such shares would be anti-dilutive.   Related Party Transactions   A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. A related party is generally defined as:     (i) any person that holds 5% or more of the Company’s securities including such person’s immediate families,   (ii) the Company’s management,   (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or   (iv) anyone who can significantly influence the financial and operating decisions of the Company.

Recently Issued Accounting Standards	9 Months Ended
	Sep. 30, 2024
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Standards	Note 3. Recently Issued Accounting Standards The Company considers the applicability and impact of all Accounting Standards Updates (“ASUs”) issued by the Financial Accounting Standards Board (“FASB”). The Company has evaluated all recent accounting pronouncements and determined that the adoption of pronouncements applicable to the Company has not had or is not expected to have a material impact on the Company’s condensed consolidated financial statements.

Going Concern	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	Note 4. Going Concern The Company has incurred operating losses since it began operations (December 2012) totaling $30,471,466 at September 30, 2024. During the nine months ended September 30, 2024, the Company incurred net losses of $2,700,175. The Company had a working capital deficit of $2,058,231 at September 30, 2024. The Company’s ability to transition to profitable operations is dependent upon achieving a level of revenues adequate to support its cost structure. The timing and amount of actual expenditures will be based on many factors, including cash flows from operations and the anticipated growth of the Company’s business and availability to sufficient resources. At the filling date of this report, management is working to conclude the sales in Germany and in other regions of the world relating to previously approved proposals, which would bring a growing revenue. Management plans to expand sales operations by greater market penetration of the agricultural, industrial and community development markets with the Company’s innovative water and energy generation solutions. Management also plans to raise additional funds during 2024 through the issuance of equity securities, from deposits related to customer purchase orders, and, if necessary, loans from management and third-party lenders. Management also plans to reduce expenses by centralizing the Company’s assembly, logistics and administrative operations into a larger, self-sufficient, off-grid location that will be able to house the storage of supplies and inventory, as well as provide space for assembly and administrative operations. The Company is also planning to acquire our its electric vehicles to reduce its supply transportation costs. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying unaudited condensed consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Inventory	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Inventory	Note 5.   Inventory The components of inventory at September 30, 2024 and December 31, 2023, consisted of the following:                 September 30, 2024     December 31, 2023   Work in progress   $  502,462     $ 451,986   Inventory, net   $  502,462     $ 451,986     Work in progress only reflects the value of products in intermediate production stages and excludes the value of finished products being held as inventory in anticipation of future sales and raw materials not yet incorporated into an item for sale. Work in progress consists of materials used for water generators, commercial solar panels supply, and materials used for the construction of a charging station.

Prepaid Expenses and Other Current Assets	9 Months Ended
	Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Note 6. Prepaid Expenses and Other Current Assets The components of prepaid expenses and other current assets at September 30, 2024 and December 31, 2023 consisted of the following:             September 30, 2024   December 31, 2023 Prepayment on inventory not received   $ 1,480     $ 1,467   Miscellaneous prepaid expenses     117,031       116,740   Value added tax receivable     279,848       227,433   Security deposit     17,705       33,850   Prepaid expenses and other current assets   $ 416,064     $ 379,490

Property and Equipment, Net	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Note 7. Property and Equipment, Net The components of property and equipment at September 30, 2024 and December 31, 2023 consisted of the following:             September 30, 2024   December 31, 2023 Office equipment   $ 17,712     $ 14,077   Furniture and fixtures     19,189       2,531   Financing lease equipment     —         66,614   Machinery and equipment     105,003       105,003   Automobile     153,804       153,804   Property and equipment, gross     295,708       342,029   Less: Accumulated depreciation     (157,001 )     (112,666 ) Property and equipment, net   $ 138,707     $ 229,363     Depreciation expense for the nine months ended September 30, 2024 and 2023 was $44,335 and $57,873 , respectively, and is included in other general and administrative expenses on the consolidated statements of operations and comprehensive loss.

Accounts Payable and Accrued Expenses	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	Note 8. Accounts Payable and Accrued Expenses Significant components of accounts payable and accrued expenses at September 30, 2024 and December 31, 2023 are as follows:             September 30, 2024   December 31, 2023 Accrued expenses   $ 702,621     $ 361,738   Accounts payable     411,155       269,806   Accrued legal costs     381,324       345,729   Accrued salary and payroll taxes     21,395       1,195   Other Payable     37,465       —     Total   $ 1,553,960     $ 978,468

Accounts Payable – Related Party	9 Months Ended
	Sep. 30, 2024
Accounts Payable Related Party
Accounts Payable – Related Party	Note 9. Accounts Payable – Related Party Significant components of accounts payable – related party at September 30, 2024 and December 31, 2023 are as follows:             September 30, 2024   December 31, 2023 Accounts payable - related party     16,900       16,900   Total   $ 16,900     $ 16,900     As of September 30, 2024 and December 31, 2023, the Company owed Virhtech Gmbh, a related party of the Company, $16,900 and $16,900, respectively, for services performed for the Company and is classified as accounts payable - related party on the consolidated balance sheets.

Convertible Loans Payable	9 Months Ended
	Sep. 30, 2024
Convertible Loans Payable
Convertible Loans Payable	Note 10. Convertible Loans Payable As of December 31, 2023, the Company had convertible loans payable, net of discount, of $152,459. During the year ended December 31, 2023, the Company issued one convertible loan in the aggregate amount of $153,000. The note bears interest at 8% per annum and all matured within one year. The conversion features in the note met the definition of a derivative and required bifurcation and liability classification, at fair value. The fair value of the derivative liability as of the date of issuance was $81,530 and was recorded as a discount of the notes. As of September 30, 2024, the Company had convertible loans payable, net of discount, of $353,316. On June 30, 2023, the Company issued an 8% convertible redeemable note in the principal amount of $153,000 to GS Capital Partners, LLC. The note bears interest at 8% per annum and all principal and interest is due on June 30, 2024. Upon an event of default (as defined in the note), the interest rate shall increase to 24% per annum and certain other penalties may apply depending on the reason for the default. This note is convertible after six months at a fix conversion price of $0.03; provided that if the closing price of our common stock is below $0.03 for the ten consecutive trading days prior to conversion, then the conversion price shall be equal to the lower of $0.01 or 70% of the lowest closing price for the twenty prior trading days. On January 17, 2024, principal in the amount of $75,000, along with $3,238 in interest and $900 in other fees was converted into 7,913,836 shares of common stock. On July 24, 2024, the Company completed a conversion of convertible note in the principal amount of $78,000 along with $6,496.44 in interest and $900 in other fees for 8,539,644 shares of common stock  . On February 15, 2024, the Company issued an 8% convertible redeemable note in the principal amount of $150,000 to Geebis Consulting LLC. This note bears interest at a rate of 8% per annum and all principal and interest is due on August 15, 2024. Upon an event of default (as defined in the note), the interest rate shall increase to 24% per annum and certain other penalties may apply depending on the reason for the default. This note may be prepaid upon the payment of certain prepayment premiums. This note is convertible only after the maturity date at a fix conversion price of $0.04; provided that if the closing price of the Company’s common stock is below $0.03 for the five consecutive trading days prior to conversion, then the conversion price shall be equal to the lower of $0.01 or 70% of the lowest closing price for the twenty prior trading days. This note is unsecured and contains customary events of default for a loan of this type. On June 26, 2024, the Company issued an 8% convertible redeemable note in the principal amount of $100,000 to Gs capital partners. This note bears interest at a rate of 8% per annum and all principal and interest is due on December 31, 2024. Upon an event of default (as defined in the note), the interest rate shall increase to 24% per annum and certain other penalties may apply depending on the reason for the default. This note may be prepaid upon the payment of certain prepayment premiums. This note is convertible only after the maturity date at a fix conversion price of $0.04; provided that if the closing price of the Company’s common stock is below $0.03 for the five consecutive trading days prior to conversion, then the conversion price shall be equal to the lower of $0.01 or 70% of the lowest closing bid price. On August 20, 2024, the Company issued an 8% convertible redeemable note in the principal amount of $5,550 to Michael Ehnertand. This note bears interest at a rate of 8% per annum and all principal and interest is due on August 19, 2025. Upon an event of default (as defined in the note), the interest rate shall increase to 12% per annum and certain other penalties may apply depending on the reason for the default. The Note may be prepaid without penalties, but together with the amount of accrued but unpaid interest. This Note may be prepaid after the 180th day. This note is convertible only after the maturity date at a fix conversion price of $0.50 per share; Provided, however that in the event, the Company's Common closes below $1.00 for the five consecutive days prior to the date of the conversion notice, then the Fixed Price shall be equal to the lower of $0.40 per share of the Common Stock as reported on the OTC Markets on which the Company's shares are then traded or any exchange upon which the Common Stock may be traded in the future (the "Exchange"),for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company. Promissory Note   On March 7, 2024, the Company issued a promissory note to 1800 Diagonal Lending LLC in the principal amount of $147,775, which included an original issue discount of $19,275. This note includes a one-time interest charge of 12% applied on the issuance date to the principal amount, requires monthly payments commencing on September 15, 2024, and is due on December 15, 2024. This note is unsecured and contains customary events of default for a loan of this type. On April 16, 2024, we received a default notice from 1800 Diagonal Lending LLC requiring the immediate payment of a sum representing 160% of the remaining outstanding principal balance ($264,813  ), together with accrued interest and default interest, however, as of 16 August, 2024, 1800 Diagonal Lending LLC has informed EAWD that they have waived the default. The note began its conversion process on September 24, 2024.         Amount Balance of notes payable, net on December 31, 2023   $ 152,459   Issuances of debt     150,000   Cash settlement of debt     —     Debt discount     (150,000 ) Conversions     (75,000 ) Amortization of debt discount     57,358   Balance of notes payable, net on March 31, 2024   $ 134,817   Issuances of debt     100,000   Debt discount     (110,708 ) Amortization of debt discount     78,426   Balance of notes payable, net on June 30, 2024   $ 202,535   Reclass from promissory note payable     147,775   Debt discount     (21,782 ) Amortization of debt discount     127,238   Conversions     (108,000 ) Issuances of debt     5,550   Balance of notes payable, net on September 30, 2024   $ 353,316     Derivative Liabilities The Company issued debt that consists of the issuance of convertible notes with variable conversion provisions as described above. The conversion terms of the convertible notes are variable based on certain factors, such as the future price of the Company’s common stock. The number of shares of common stock to be issued is based on the future price of the Company’s common stock. Accordingly, the number of shares of common stock issuable upon conversion of the promissory note is indeterminate. Due to the fact that the number of shares of common stock issuable could exceed the Company’s authorized share limit, the equity environment is tainted, and all additional convertible debentures and warrants are included in the value of the derivative liabilities. Pursuant to ASC 815-15, “Embedded Derivatives,” the fair values of the variable convertible notes and shares to be issued were recorded as derivative liabilities on the issuance date and revalued at each reporting period. Based on the various convertible notes described above, the fair value of applicable derivative liabilities on notes and change in fair value of derivative liability are as follows as of September 30, 2024 and December 31, 2023:         Total Balance as of December 31, 2022   $ 184,025   Change due to issuances     81,530   Change due to conversion/redemptions     (261,442 ) Change in fair value     372,828   Balance as of December 31, 2023     376,941   Change due to issuances     243,180   Change due to conversion/redemptions     (621,168 ) Change in fair value     188,020   Balance as of March 31, 2024   $ 186,973   Change due to issuances     110,707   Change in fair value     95,384   Balance as of June 30, 2024   $ 393,064   Change due to issuances     434,450   Change due to conversion/redemption     (376,942 ) Change in fair value     (52,761 ) Balance as of September 30, 2024     397,811        A summary of quantitative information with respect to valuation methodology and significant unobservable inputs used for the Company’s derivative liabilities that are categorized within Level 3 of the fair value hierarchy for the periods ended September 30, 2024 and December 31, 2023 is as follows:                       September 30, 2024       December 31, 2023   Stock price     $0.01 – 0.09       $0.02 – 0.12   Exercise price     $0.01 – 0.50       $0.02 – 0.03   Contractual term (in years)     0.49 – 1.00       0.49 – 1.00   Volatility (annual)     167% – 199%     184% – 219% Risk-free rate     3.98% – 5.23%     4.64% – 5.56 The foregoing assumptions are reviewed quarterly and are subject to change based primarily on management’s assessment of the probability of the events described occurring. Accordingly, changes to these assessments could materially affect the valuations. Financial Liabilities Measured at Fair Value on a Recurring Basis Financial liabilities measured at fair value on a recurring basis are summarized below and disclosed on the balance sheet under derivative liability:                     Fair Value Measured at September 30, 2024     Quoted Prices in Active Markets (Level 1)   Significant Other Observable Inputs (Level 2)   Significant Unobservable Inputs (Level 3)   Fair Value September 30, 2024 Derivative liability   $ —       $ —       $ 397,811     $ 397,811   Total   $ —       $ —       $ 397,811     $ 397,811       Fair Value Measured at December 31, 2023     Quoted Prices in Active Markets (Level 1)   Significant Other Observable Inputs (Level 2)   Significant Unobservable Inputs (Level 3)   Fair Value December 31, 2023 Derivative liability   $ —       $ —       $ 376,941     $ 376,941   Total   $ —       $ —       $ 376,941     $ 376,941     There were no transfers between Level 1, 2 or 3 during the nine months ended September 30, 2024 and 2023. During the three and nine months ended September 30, 2024, the Company recorded a loss of $52,761 and a gain of $230,643, respectively, from the change in fair value of derivative liability.

Leases	9 Months Ended
	Sep. 30, 2024
Leases
Leases	Note 11. Leases Financing Leases In January 2024, the Company terminated its finance lease agreement for heavy machinery. At the termination date, the carrying amount of the right-of-use asset and lease liability were $66,613 and $50,615, respectively. The difference of $15,998 was recognized as a loss in the condensed consolidated statements of operations and comprehensive loss. The termination resulted in the derecognition of both the right-of-use asset and the lease liability from the balance sheet, and did not significantly impact the Company’s cash flows for the period. Operating Leases In October 2023, the Company entered into a facility lease agreement with an unrelated party for an office and warehouse space located in Bargteheide, Germany. The monthly rental payments due, inclusive of taxes, are $15,356. The lease agreement is for a two-year term expiring on September 30, 2025. The Company also entered into a vehicle lease in October 2023 with an unrelated party with monthly payments of €741 for a three-year term expiring in October 2026. The Company’s operating leases do not provide an implicit rate that can be readily determined. Therefore, the Company uses discount rates based on the incremental borrowing rate of its most recent external debt of 8%.  The Company’s weighted-average remaining lease term relating to its operating leases is 1.12 years, with a weighted-average discount rate of 8%. The Company incurred lease expense for its operating leases of $192,019 and $55,153 during the nine months ended September 30, 2024 and 2023, respectively. During the nine months ended September 30, 2024 and 2023, the Company made cash lease payments of $192,019 and $55,153, respectively. At September 30, 2024 and December 31, 2023, the operating lease right-of-use asset was $175,317 and $287,334, respectively, the current portion of operating lease liability was $165,044 and $153,803, respectively, and the operating lease liability, net of current portion, was $10,273 and $133,531, respectively. The following table presents information about the future maturity of the lease liabilities under the Company’s operating leases as of September 30, 2024.           Maturities of Lease Liabilities   Operating Lease Liabilities 2024 (remainder of year)   $ 43,276   2025     132,311   2026     8,276   Total future minimum lease payments     183,864   Less: Imputed interest     (8,547 ) Present value of lease liabilities   $ 175,317   Remaining lease term (in years)     1 - 2.08

Related Party Transactions	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Note 12. Related Party Transactions Due to Officers Amounts due to officers as of September 30, 2024 and December 31, 2023 are comprised of the following:             September 30, 2024   December 31, 2023 Ralph Hofmeier:                 Unsecured advances due to officer   $ 10,191     $ 2,253   Accrued salaries     263,931       148,985   Total due to Ralph Hofmeier     274,122       151,238                     Irma Velazquez:                 Unsecured advances due to officer     27,941       7,341   Accrued salaries     189,227       126,688   Total due to Irma Velazquez     217,168       134,029                     Martin Antonio Del Signo Portilla     217       —     Total amounts due to officers   $ 491,507     $ 285,267   Unsecured advances due to officers represent unreimbursed expenses paid by the officers on behalf of the Company. These advances are unsecured, non-interest bearing and are due on demand. Officer Compensation Accrued salaries represent amounts accrued in accordance with the employment agreements for Mr. Hofmeier, the Company’s Chief Technology Officer and Chairman of the Board, and Ms. Velazquez, the Company’s Chief Executive Officer and Vice-Chairman of the Board. Mr. Hofmeier and Ms. Velazquez are also significant stockholders. Virhtech Gmbh As of September 30, 2024 and December 31, 2023, the Company owed Virhtech Gmbh, a related party of the Company, $16,900 and $16,900, respectively, for services performed for the Company and is classified as accounts payable - related party on the condensed consolidated balance sheets. As of September 30, 2024, and December 31, 2023, the Company owed $2,793 and $0, respectively, to Virhtech GmbH, a related party. This loan is unsecured, interest-free, and repayable on demand, and is presented as 'Amount due to related parties' on the Company’s consolidated balance sheets. Officer and Investor Deposits On January 18, 2023, the Company issued 6,952,523 shares of common stock to officers for accrued salaries payable valued at $168,126. For the nine months ended September 30, 2024, the Company received deposits in the amount of $610,000 for 15,661,667 shares of common stock related to common stock subscriptions that were issued in Q3 2024.

Stockholders’ Deficit	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Stockholders’ Deficit	Note 13. Stockholders’ Deficit Preferred Stock The Company is authorized to issue 500,000,000 shares of preferred stock, $0.001 par value, of which 50,000,000 shares have been designated as series A preferred stock. As of September 30, 2024 and December 31, 2023, there were 9,780,976 shares of series A preferred stock issued and outstanding. The following is a description of the rights and preferences of the series A preferred stock.  Dividend Rights. Upon the declaration of any dividends on the common stock, the series A preferred stock shall be treated pari passu with common stock, except that the dividend on each share of series A preferred stock shall be equal to the amount of the dividend declared and paid on each share of common stock multiplied by the conversion rate then in effect. Liquidation Rights. In the event of any liquidation, dissolution or winding up of the Company, either voluntarily or involuntarily, the series A preferred stock shall be treated pari passu with the common stock, except that the payment on each share of series A preferred stock shall be equal to the amount of the payment on each share of common stock multiplied by the conversion rate then in effect. Voting Rights. On any matter presented to stockholders for their action or consideration, each holder of outstanding shares of series A preferred stock shall be entitled to cast the number of votes equal to the number of shares of series A preferred stock held by such holder as of the record date for determining stockholders entitled to vote on such matter multiplied by the conversion rate then in effect. Except as provided by law or by the other provisions of the Company’s amended and restated articles of incorporation, holders of series A preferred stock shall vote together with the holders of common stock as a single class. In addition, so long as any share of series A preferred stock is outstanding, the Company shall not, without the written consent or affirmative vote of the holders of at least sixty-five percent (65%) of the then outstanding shares of series A preferred stock:   (a) liquidate, dissolve or wind-up the business and affairs of the Company, or effect any merger or consolidation, or consent to any of the foregoing;     (b) amend, alter or repeal any provision of the Company’s amended and restated articles of incorporation or bylaws in a manner that adversely affects the powers, preferences or rights of the series A preferred stock;     (c) create, or authorize the creation of, or issue any additional class or series of capital stock, or increase the authorized number of shares of any class or series of capital stock, unless the same ranks junior to the series A preferred stock with respect to the distribution of assets on the liquidation, dissolution or winding up of the Company, the payment of dividends and rights upon a redemption;     (d) reclassify, alter or amend any existing security that is pari passu with or junior to the series A preferred stock in respect of the distribution of assets on the liquidation, dissolution or winding up the Company, the payment of dividends or rights upon a redemption if such reclassification, alteration or amendment would render such other security senior to or pari passu with the series A preferred stock in respect of any such right, preference or privilege;     (e) purchase or redeem (or permit any subsidiary to purchase or redeem), or pay or declare any dividend or make any distribution on, any shares of capital stock other than (i) redemptions of or dividends or distributions on the series A preferred stock as expressly authorized in the amended and restated articles of incorporation; (ii) dividends or other distributions payable on the common stock solely in the form of additional shares of common stock; (iii) repurchases of stock from former employees, officers, directors, consultants or other persons who performed services for the Company or any subsidiary in connection with the cessation of such employment or service at the lower of the original purchase price or the then-current fair market value thereof; or (iv) as approved by the board of directors; or     (f) create, or authorize the creation of, or issue, or authorize the issuance of any debt security, or permit any subsidiary to take any such action with respect to any debt security, if the aggregate indebtedness of the Company and its subsidiaries for borrowed money following such action would exceed long-term debt, including all lines of credit on the balance sheet of the Company on filing date of the Company’s amended and restated articles of incorporation, other than equipment leases or bank lines of credit, unless such debt security has received the prior approval of the board of directors. Conversion Rights. Each share of series A preferred stock is convertible, at the option of the holder thereof, at any time and from time to time, into such number of shares of common stock as is determined by multiplying the number of shares of series A preferred stock held by such holder by the conversion rate in effect at the time of conversion. In addition, upon either (i) the closing of the sale of shares common stock to the public in a firm commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933, as amended, resulting in at least $25 million of proceeds or (ii) the date and time, or the occurrence of an event, specified by the vote or written consent of the holders of at least sixty five percent (65%) of the then outstanding shares of series A preferred stock, all outstanding shares of series A preferred stock shall automatically be converted into shares of common stock at the conversion rate in effect at the time of conversion. The conversion rate is currently five (5) shares of common stock for each share of series A preferred stock, which is subject to standards adjustments for any stock splits, stock dividends, recapitalizations, reclassifications, mergers, consolidations or similar events. Common Stock The Company is authorized to issue 1,000,000,000 shares of common stock, $0.001 par value. As of September 30, 2024 and December 31, 2023, there were 302,221,044 and 268,040,179 shares of common stock outstanding, respectively. During the nine months ended September 30, 2024, the Company engaged in the following equity events:     · On September 30, 2024, the Company completed a conversion of promissory note in the principal amount of $15,000 for 2,542,373 shares of common stock.   · On September 24, 2024, the Company completed a conversion of promissory note in the principal amount of $15,000 for 1,273,345 shares of common stock.   · On September 5, 2024, the Company issued 1,250,000 shares of common stock to Michael Erbes at a per share price of $0.02.   · On September 5, 2024, the Company issued 6,000,000 shares of common stock to Dale Johnson III at a per share price of $0.02.   · On August 19, 2024, the Company issued 20,000 shares of common stock to Landon Capital Management LLC DBA at a per share price of $0.50.   · On August 1, 2024, the Company issued 300,000 shares of common stock to Dale Johnson III at a per share price of $0.10.   · On August 1, 2024, the Company issued 300,000 shares of common stock to Michael Erbes at a per share price of $0.10.   · On August 1, 2024, the Company issued 1,050,000 shares of common stock to Layne Vanderwerf at a per share price of $0.10.   · On July 24, 2024, the Company completed a conversion of convertible note in the principal amount of $78,000 along with $6,496.44 in interest and $900 in other fees for 8,539,644 shares of common stock.   · On May 14, 2024, the Company issued 1,400,000 shares of common stock to Dale Johnson III at a per share price of $0.05.   · On May 14, 2024, the Company issued 625,000 shares of common stock to Dale Johnson III at a per share price of $0.10.   · On May 14, 2024, the Company issued 600,000 shares of common stock to Michael Erbes at a per share price of $0.05.   · On May 14, 2024, the Company issued 625,000 shares of common stock to Michael Erbes at a per share price of $0.10.   · On March 7, 2024, the Company issued 1,041,667 shares of common stock to William Z. Richardson III at a per share price of $0.024.   · On February 13, 2024, the Company issued 700,000 shares of common stock to Troy L. Webb at a per share price of $0.021.   · On January 17, 2024, the Company completed a conversion of a convertible note in the principal amount of $75,000 along with $3,238 in interest and $900 in other fees for 7,913,836 shares of common stock.   During the nine months ended September 30, 2023 the Company engaged in the following equity events:   · From January 1, 2023 through March 31, 2023, the Company issued 375,000 shares of common stock to investors for an aggregate purchase price of $37,500.   · From April 1, 2023 through June 30, 2023, the Company sold 8,940,000 shares of common stock to investors for an aggregate purchase price of $194,300, of which 2,750,000 shares and 6,420,000 shares were issued in the third and fourth quarter of 2023, respectively.   · From July 1, 2023 through September 30, 2023, the Company sold 23,791,000 shares of common stock to investors for an aggregate purchase price of $807,800, of which 2,750,000 shares were issued during the third quarter of 2023 and the remaining 21,041,000 shares were issued during the fourth quarter of 2023.   · From April 1, 2023 through June 30, 2023, the Company sold 7,440,000 shares of common stock to investors for an aggregate purchase price of $194,300.00, which 6,420,000 shares were issued in the third quarter of 2023.   · In the first quarter of 2023, the Company issued an additional 5,310,988 shares of the Company's common stock pursuant to the ELOC for an aggregate purchase price of $196,000.   · In the second quarter of 2023, the holder of our convertible debt elected to convert $93,000 in principal, $4,142 in accrued interest and $1,400 in other fees into 4,753,178 shares of common stock.   · In the third quarter of 2023, the holder of our convertible debt elected to convert $35,000 in principal, $1,948 in accrued interest and $900 in other fees into 2,162,770 shares of common stock.   · On January 18, 2023, the Company issued an aggregate 6,250,000 shares of common stock to Gary Rodney at a per share price of $0.02 in full satisfaction of all accrued but unpaid amounts payable for services as interim chief financial officer pursuant to his consulting agreement by and between InfoQuest Technology, Inc. and the Company dated June 2, 2021. The Company recognized a loss of $196,159 related to the settlement that is included on the accompanying consolidated condensed statement of operations and comprehensive loss.   · On January 18, 2023, the Company issued an aggregate 702,523 shares of common stock to Ralph Hofmeier the Company’s Chief Technology Officer and Chairman of the Board at a per share price of $0.05 in full satisfaction of all accrued but unpaid amounts payable pursuant to his employment agreement by and between Ralph Hofmeier and the Company dated August 4, 2022. The Company recognized a loss of $2,109 related to the settlement that is included in other income (expense) on the accompanying consolidated condensed statement of operations and comprehensive loss.

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 14. Commitments and Contingencies Employment Agreements On August 4, 2022, the Company entered into employment agreements with its Chief Technology Officer and Chairman of the Board, Ralph Hofmeier, and its Chief Executive Officer and Vice-Chairman of the Board, Irma Velazquez. Under the employment agreements, the employees are entitled to a base salary of $210,305 payable in arrears in accordance with the Company’s ordinary payroll policies and procedures. Additionally, in recognition of the employees’ past services, the Company agreed to pay each employee a lump sum cash signing bonus of $29,164, less payroll deductions and withholdings, and each individual will be eligible to receive a yearly bonus based on yearly profitability. Additionally, if certain performance milestones are met, each employee will be granted options to purchase shares of common stock. No options had been granted as of September 30, 2024. Any increase to the annual base salary is subject to approval by the Company’s board of directors. The employment agreements have indefinite terms. Litigation From time to time, the Company may be a defendant in pending or threatened legal proceedings arising in the normal course of its business. While the outcome and impact of currently pending legal proceedings cannot be predicted with certainty, the Company’s management and legal counsel believe that the resolution of these proceedings through settlement or adverse judgment will not have a material adverse effect on its operating results, financial position or cash flows.

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 15. Subsequent Events   The Company has evaluated its operations subsequent to September 30, 2024 to the date these condensed consolidated financial statements were available to be issued and determined the following subsequent events and transactions required disclosure in these condensed consolidated financial statements. On October 4, 2024, the Company issued 3,076,923 shares of common stock to 1800 DIAGONAL LENDING, LLC for conversion of $15,000 of principal on the promissory note. On October 4, 2024, the Company issued 12,139,583 shares of series A preferred stock to the Chief Executive Officer, Irma Velazquez for conversion of $145,675 of accrued deferred compensation. On October 4, 2024, the Company issued 18,078,417 shares of series A preferred stock to the Chief Technology Officer, Ralph Hofmeier for conversion of $216,941 of accrued deferred compensation. On October 4, 2024, the Company entered into an agreement with Amedeo Montonati to grant him 500,000 shares of common stock as equity-based awards for the Company’s 2022 Long Term Incentive Plan. On October 23, 2024, the Company issued an aggregate of 500,000 shares of common stock to Amedeo Montonati at a per share price of $0.50. On October 9, 2024, the Company issued 3,333,333 shares of common stock to 1800 DIAGONAL LENDING, LLC for conversion of $15,000 of principal on the promissory note. On October 16, 2024, the Company issued 7,207,207 shares of common stock to 1800 DIAGONAL LENDING, LLC for conversion of $20,000 of principal on the promissory note. On October 18, 2024, the Company issued 9,195,402 shares of common stock to 1800 DIAGONAL LENDING, LLC for conversion of $20,000 of principal on the promissory note. On October 23, 2024, the Company issued an aggregate of 1,750,000 shares of common stock to Dale Johnson III at a per share price of $0.10. On October 28, 2024, the Company issued 12,121,212 shares of common stock to 1800 DIAGONAL LENDING, LLC for conversion of $20,000 of principal on the promissory note. On October 31, 2024, the Company issued 16,327,273 shares of common stock to 1800 DIAGONAL LENDING, LLC for conversion of $26,940 of principal on the promissory note.

Basis of Presentation and Other Information (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation   The consolidated financial statements include the accounts of the Company and its consolidated subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.   The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for quarter 3 financial information and with the instructions to Form 10-Q of Regulation S-X. They do not include all information and footnotes required by GAAP for complete financial statements. The December 31, 2023 consolidated balance sheet data was derived from audited financial statements but do not include all disclosures required by GAAP. However, except as disclosed herein, there has been no material change in the information disclosed in the notes to the consolidated financial statements for the year ended December 31, 2023 included in the Company’s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission on April 26, 2024. The quarter 3 unaudited condensed consolidated financial statements should be read in conjunction with those consolidated financial statements included in the Form 10-K. In the opinion of management, all adjustments considered necessary for a fair presentation of the financial statements, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024 .
Foreign currency translation	Foreign currency translation   The United States dollar (“USD”) is the Company’s reporting currency. The Company has a subsidiary located in Germany. The net sales generated, and the related expenses directly incurred from the operations, if any, are denominated in local currency, Euro (“Euro”). The functional currency of the subsidiary is generally the same as the local currency, such is the case of the Mexican subsidiary which is the local currency is the Mexican Peso (“MXN”).   Assets and liabilities measured in Euros and MXN are translated into USD at the prevailing exchange rates in effect as of the financial statement date and the related gains and losses, net of applicable deferred income taxes, are reflected in accumulated other comprehensive loss in its balance sheets. Income and expense accounts are translated at the average exchange rate for the period. The Company has not, to the date of these consolidated financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. During the year ended December 31, 2023 the Company used a spot rate of 1.10 and an average rate of 1.08 when converting EURO to USD.
Use of Estimates	Use of Estimates   The preparation of financial statements in accordance 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 and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting periods. Actual results could differ from those estimates. Estimates which are particularly significant to the financial statements include estimates relating to the determination of impairment of assets, assessment of going concern, the determination of the fair value of stock-based compensation, and the recoverability of deferred income tax assets.
Leases	Leases   Effective January 1, 2019, the Company adopted ASC 842- Leases (“ASC 842”). The lease standard provided a number of optional practical expedients in transition. The Company elected the package of practical expedients. As such, the Company did not have to reassess whether expired or existing contracts are or contain a lease; did not have to reassess the lease classifications or reassess the initial direct costs associated with expired or existing leases. The lease standard also provides practical expedients for an entity’s ongoing accounting. The Company elected the short-term lease recognition exemption under which the Company will not recognize right-of-use (“ROU”) assets or lease liabilities, and this includes not recognizing ROU assets or lease liabilities for existing short-term leases. The Company elected the practical expedient to not separate lease and non-lease components for certain classes of assets (facilities).   At the inception of an arrangement, the Company determines whether the arrangement is or contains a lease based on the unique facts and circumstances present in the arrangement. Leases with a term greater than one year are recognized on the balance sheet as right-of-use assets and short-term and long-term lease liabilities, as applicable. The Company does not have operating or financing leases.
Cash	Cash   The Company considers short-term interest-bearing investments with initial maturities of three months or less to be cash equivalents. The Company has $4,575 and $76,627 cash at September 30, 2024 and December 31, 2023.
Inventory	Inventory   Inventory is stated at the lower of cost or net realizable value using the first in, first out (FIFO) method. A reserve is established if necessary to reduce excess or obsolete inventories to their net realizable value.
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets   Prepaid expenses and other current assets include purchase deposits, miscellaneous prepaid expenses, value added tax receivable, and a security deposit.
Property and Equipment	Property and Equipment   Property and equipment is stated at cost, less accumulated depreciation. Depreciation is recognized over an asset’s estimated useful life using the straight-line method beginning on the date an asset is placed in service. The Company regularly evaluates the estimated remaining useful lives of the Company’s property and equipment to determine whether events or changes in circumstances warrant a revision to the remaining period of depreciation. Maintenance and repairs are charged to expense as incurred. Estimated useful lives of the Company’s Property and Equipment are as follows:       Useful Life (in years) Office equipment   5 Furniture and fixtures   7 Automobile   5 Machinery and equipment   5
Deferred Financing Costs	Deferred Financing Costs   The Company has recorded deferred financing costs as a result of fees incurred by the Company in conjunction with its debt financing activities. These costs are amortized to interest expense using the straight-line method which approximates the interest rate method over the term of the related debt. There were no deferred financing costs as of September 30, 2024 and December 31, 2023.
Fair Value of Financial Instruments	Fair Value of Financial Instruments   Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at a measurement date.  A fair value hierarchy requires an entity to maximize the use of observable inputs, where available, and minimize the use of unobservable inputs when measuring fair value.   Described below are the three levels of inputs that may be used to measure fair value:   Level 1 – Quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities, Level 2 – Observable prices that are based on inputs not quoted on active markets, but corroborated by market data, Level 3 – Unobservable inputs are used when little or no market data is available.   The application of the three levels of the fair value hierarchy under ASC Topic 820-10-35, our derivative liabilities as of September 30, 2024 and December 31, 2023, were $397,811 and $376,941, respectively and measured on Level 3 inputs.   Certain assets and liabilities are required to be recorded at fair value on a recurring basis. The Company adjusts derivative financial instruments to fair value on a recurring basis. The fair value for other assets and liabilities such as cash, accounts receivable, prepaid expenses and other current assets, and accounts payable and accrued expenses have been determined to approximate carrying amounts due to the short maturities of these instruments. The Company believes that its indebtedness approximates fair value based on current yields for debt instruments with similar terms.
Income Taxes	Income Taxes   Income taxes are accounted for under the asset and liability method as stipulated by ASC 740, “Accounting for Income Taxes”. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities or a change in tax rate is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced to estimated amounts to be realized by the use of the valuation allowance. A valuation allowance is applied when in management’s view it is more likely than not (50%) that such deferred tax will not be utilized.   ASC 740 provides interpretative guidance for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. In the unlikely event that an uncertain tax position exists in which the Corporation could incur income taxes, the Corporation would evaluate whether there is a probability that the uncertain tax position taken would be sustained upon examination by the taxing authorities. A liability for uncertain tax positions would then be recorded if the Corporation determined it is more likely than not that a position would not be sustained upon examination or if a payment would have to be made to a taxing authority and the amount is reasonably estimable.   As of December 31, 2023 and 2022, the Corporation does not believe any uncertain tax positions exist that would result in the Corporation having a liability to the taxing authorities. The Corporation’s policy is to classify interest and penalties related to unrecognized tax benefits, if and when required, as part of interest expense and general and administrative expense, respectively, in the statement of operations. The Corporation’s tax returns for the years ended 2012 through 2023 have been filed and are subject to examination by the federal and state tax authorities.
Revenue Recognition	Revenue Recognition   The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers, the core principle of which is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to receive in exchange for those goods or services.   To achieve this core principle, five basic criteria must be met before revenue can be recognized: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to performance obligations in the contract; and (5) recognize revenue when or as the Company satisfies a performance obligation. During the period ended September 30, 2024 and year ended December 31, 2023  , the Company did not recognize any revenue.
Loss Per Common Share	Loss Per Common Share   The Corporation accounts for earnings (loss) per share in accordance with FASB ASC Topic No. 260 - 10, “Earnings Per Share”, which establishes the requirements for presenting earnings per share (“EPS”). FASB ASC Topic No. 260 - 10 requires the presentation of “basic” and “diluted” EPS on the face of the statement of operations. Basic EPS amounts are calculated using the weighted-average number of common shares outstanding during each period. Diluted EPS assumes the exercise of all stock options, warrants and convertible securities having exercise prices less than the average market price of the common stock during the periods, using the treasury stock method. When a loss from operations exists, potential common shares are excluded from the computation of diluted EPS because their inclusion would result in an anti-dilutive effect on per share amounts.   As discussed more fully in Note 10, convertible note holders have the option of converting their loans into common shares subject to the terms and features offered by the specific convertible notes. Some note holders were also granted purchase options to purchase additional shares subject to the features of each purchase option. If the convertible note holders of unexercised convertible notes exercised their conversion feature and the additional purchase options, they would represent 77,597,228 in additional common shares at September 30, 2024. The potential shares from both the conversion feature and the rights to purchase additional shares were excluded from the computation of diluted net loss per share, as the inclusion of such shares would be anti-dilutive.
Related Party Transactions	Related Party Transactions   A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties. A related party is generally defined as:     (i) any person that holds 5% or more of the Company’s securities including such person’s immediate families,   (ii) the Company’s management,   (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or   (iv) anyone who can significantly influence the financial and operating decisions of the Company.

Basis of Presentation and Other Information (Tables)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Schedule of estimated useful lives	Useful Life (in years) Office equipment   5 Furniture and fixtures   7 Automobile   5 Machinery and equipment   5

Inventory (Tables)	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Schedule of inventory	September 30, 2024     December 31, 2023   Work in progress   $  502,462     $ 451,986   Inventory, net   $  502,462     $ 451,986

Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of prepaid expenses and other current assets	September 30, 2024   December 31, 2023 Prepayment on inventory not received   $ 1,480     $ 1,467   Miscellaneous prepaid expenses     117,031       116,740   Value added tax receivable     279,848       227,433   Security deposit     17,705       33,850   Prepaid expenses and other current assets   $ 416,064     $ 379,490

Property and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	September 30, 2024   December 31, 2023 Office equipment   $ 17,712     $ 14,077   Furniture and fixtures     19,189       2,531   Financing lease equipment     —         66,614   Machinery and equipment     105,003       105,003   Automobile     153,804       153,804   Property and equipment, gross     295,708       342,029   Less: Accumulated depreciation     (157,001 )     (112,666 ) Property and equipment, net   $ 138,707     $ 229,363

Accounts Payable and Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Schedule of accounts payable and accrued expenses	September 30, 2024   December 31, 2023 Accrued expenses   $ 702,621     $ 361,738   Accounts payable     411,155       269,806   Accrued legal costs     381,324       345,729   Accrued salary and payroll taxes     21,395       1,195   Other Payable     37,465       —     Total   $ 1,553,960     $ 978,468

Accounts Payable – Related Party (Tables)	9 Months Ended
	Sep. 30, 2024
Accounts Payable Related Party
Schedule of accounts payable related party	September 30, 2024   December 31, 2023 Accounts payable - related party     16,900       16,900   Total   $ 16,900     $ 16,900

Convertible Loans Payable (Tables)	9 Months Ended
	Sep. 30, 2024
Convertible Loans Payable
Schedule of notes payable	Amount Balance of notes payable, net on December 31, 2023   $ 152,459   Issuances of debt     150,000   Cash settlement of debt     —     Debt discount     (150,000 ) Conversions     (75,000 ) Amortization of debt discount     57,358   Balance of notes payable, net on March 31, 2024   $ 134,817   Issuances of debt     100,000   Debt discount     (110,708 ) Amortization of debt discount     78,426   Balance of notes payable, net on June 30, 2024   $ 202,535   Reclass from promissory note payable     147,775   Debt discount     (21,782 ) Amortization of debt discount     127,238   Conversions     (108,000 ) Issuances of debt     5,550   Balance of notes payable, net on September 30, 2024   $ 353,316
Schedule of change in fair value of derivative liability	Total Balance as of December 31, 2022   $ 184,025   Change due to issuances     81,530   Change due to conversion/redemptions     (261,442 ) Change in fair value     372,828   Balance as of December 31, 2023     376,941   Change due to issuances     243,180   Change due to conversion/redemptions     (621,168 ) Change in fair value     188,020   Balance as of March 31, 2024   $ 186,973   Change due to issuances     110,707   Change in fair value     95,384   Balance as of June 30, 2024   $ 393,064   Change due to issuances     434,450   Change due to conversion/redemption     (376,942 ) Change in fair value     (52,761 ) Balance as of September 30, 2024     397,811
Schedule of derivative liabilities	September 30, 2024       December 31, 2023   Stock price     $0.01 – 0.09       $0.02 – 0.12   Exercise price     $0.01 – 0.50       $0.02 – 0.03   Contractual term (in years)     0.49 – 1.00       0.49 – 1.00   Volatility (annual)     167% – 199%     184% – 219% Risk-free rate     3.98% – 5.23%     4.64% – 5.56
Schedule of financial liabilities measured on recurring basis	Fair Value Measured at September 30, 2024     Quoted Prices in Active Markets (Level 1)   Significant Other Observable Inputs (Level 2)   Significant Unobservable Inputs (Level 3)   Fair Value September 30, 2024 Derivative liability   $ —       $ —       $ 397,811     $ 397,811   Total   $ —       $ —       $ 397,811     $ 397,811       Fair Value Measured at December 31, 2023     Quoted Prices in Active Markets (Level 1)   Significant Other Observable Inputs (Level 2)   Significant Unobservable Inputs (Level 3)   Fair Value December 31, 2023 Derivative liability   $ —       $ —       $ 376,941     $ 376,941   Total   $ —       $ —       $ 376,941     $ 376,941

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Leases
Schedule of maturity of lease liabilities	Maturities of Lease Liabilities   Operating Lease Liabilities 2024 (remainder of year)   $ 43,276   2025     132,311   2026     8,276   Total future minimum lease payments     183,864   Less: Imputed interest     (8,547 ) Present value of lease liabilities   $ 175,317   Remaining lease term (in years)     1 - 2.08

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Schedule of amounts due to officers	September 30, 2024   December 31, 2023 Ralph Hofmeier:                 Unsecured advances due to officer   $ 10,191     $ 2,253   Accrued salaries     263,931       148,985   Total due to Ralph Hofmeier     274,122       151,238                     Irma Velazquez:                 Unsecured advances due to officer     27,941       7,341   Accrued salaries     189,227       126,688   Total due to Irma Velazquez     217,168       134,029                     Martin Antonio Del Signo Portilla     217       —     Total amounts due to officers   $ 491,507     $ 285,267

Basis of Presentation and Other Information (Details)	Sep. 30, 2024
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful Life (in years)	5 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Useful Life (in years)	7 years
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Useful Life (in years)	5 years
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful Life (in years)	5 years

Basis of Presentation and Other Information (Details Narrative) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Cash	$ 4,575	$ 76,627
Deferred financing costs	0	0
Derivative liabilities	$ 397,811	$ 376,941
Additional common shares	77,597,228

Going Concern (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Operating losses	$ 492,648			$ 809,988			$ 1,666,697	$ 1,860,784
Net losses	840,674	$ 875,681	$ 983,820	$ 1,065,589	$ 619,515	$ 710,026	2,700,175	$ 2,395,130
Working capital deficit	$ 2,058,231						2,058,231
December 2012 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Operating losses							$ 30,471,466

Inventory (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Work in progress	$ 502,462	$ 451,986
Inventory, net	$ 502,462	$ 451,986

Prepaid Expenses and Other Current Assets (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepayment on inventory not received	$ 1,480	$ 1,467
Miscellaneous prepaid expenses	117,031	116,740
Value added tax receivable	279,848	227,433
Security deposit	17,705	33,850
Prepaid expenses and other current assets	$ 416,064	$ 379,490

Property and Equipment, Net (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 295,708	$ 342,029
Less: Accumulated depreciation	(157,001)	(112,666)
Property and equipment, net	138,707	229,363
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	17,712	14,077
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	19,189	2,531
Financing Lease Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	0	66,614
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	105,003	105,003
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 153,804	$ 153,804

Property and Equipment, Net (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 44,335	$ 57,873

Accounts Payable and Accrued Expenses (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accrued expenses	$ 702,621	$ 361,738
Accounts payable	411,155	269,806
Accrued legal costs	381,324	345,729
Accrued salary and payroll taxes	21,395	1,195
Other Payable	37,465	0
Total	$ 1,553,960	$ 978,468

Accounts Payable - Related Party (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Accounts Payable Related Party
Accounts payable - related party	$ 16,900	$ 16,900
Total	$ 16,900	$ 16,900

Accounts Payable – Related Party (Details Narrative) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Virhtech Gmbh [Member]
Defined Benefit Plan Disclosure [Line Items]
Accounts payable - related party	$ 16,900	$ 16,900

Convertible Loans Payable (Details) - USD ($)	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024
Convertible Loans Payable
Beginning balance of notes payable, net	$ 202,535	$ 134,817	$ 152,459
Issuances of debt	5,550	100,000	150,000
Cash settlement of debt			0
Debt Discount	(21,782)	(110,708)	(150,000)
Conversions	(108,000)		(75,000)
Amortization of debt discount	127,238	78,426	57,358
Reclass from promissory note payable	147,775
Ending balance of notes payable, net	$ 353,316	$ 202,535	$ 134,817

Convertible Loans Payable (Details 1) - USD ($)	3 Months Ended			12 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023
Convertible Loans Payable
Balance at beginning	$ 393,064	$ 186,973	$ 376,941	$ 184,025
Change due to issuances	434,450	110,707	243,180	81,530
Change due to conversion/ redemptions	(376,942)		(621,168)	(261,442)
Change in fair value	(52,761)	95,384	188,020	372,828
Balance at ending	$ 397,811	$ 393,064	$ 186,973	$ 376,941

Convertible Loans Payable (Details 2) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Minimum [Member]
Stock price	$ 0.01	$ 0.02
Exercise price	$ 0.01	$ 0.02
Contractual term (in years)	5 months 26 days	5 months 26 days
Volatility (annual)	167.00%	184.00%
Risk-free rate	3.98%	4.64%
Maximum [Member]
Stock price	$ 0.09	$ 0.12
Exercise price	$ 0.50	$ 0.03
Contractual term (in years)	1 year	1 year
Volatility (annual)	199.00%	219.00%
Risk-free rate	5.23%	5.56%

Convertible Loans Payable (Details 3) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Platform Operator, Crypto Asset [Line Items]
Derivative liability	$ 397,811	$ 376,941
Warrants and derivative liabilities	397,811	376,941
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto Asset [Line Items]
Derivative liability	0	0
Warrants and derivative liabilities	0	0
Fair Value, Inputs, Level 2 [Member]
Platform Operator, Crypto Asset [Line Items]
Derivative liability	0	0
Warrants and derivative liabilities	0	0
Fair Value, Inputs, Level 3 [Member]
Platform Operator, Crypto Asset [Line Items]
Derivative liability	397,811	376,941
Warrants and derivative liabilities	$ 397,811	$ 376,941

Convertible Loans Payable (Details Narrative) - USD ($)							9 Months Ended		12 Months Ended
	Aug. 20, 2024	Jul. 24, 2024	Jun. 26, 2024	Feb. 15, 2024	Jan. 17, 2024	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Jun. 30, 2024	Apr. 16, 2024	Mar. 31, 2024	Mar. 07, 2024
Short-Term Debt [Line Items]
Convertible loan payables net of discount							$ 353,316		$ 152,459	$ 202,535		$ 134,817
Proceeds from convertible debt							381,550	$ 153,000
Convertible redeemable note, description	the Company issued an 8% convertible redeemable note in the principal amount of $5,550 to Michael Ehnertand. This note bears interest at a rate of 8% per annum and all principal and interest is due on August 19, 2025. Upon an event of default (as defined in the note), the interest rate shall increase to 12% per annum and certain other penalties may apply depending on the reason for the default.		the Company issued an 8% convertible redeemable note in the principal amount of $100,000 to Gs capital partners. This note bears interest at a rate of 8% per annum and all principal and interest is due on December 31, 2024. Upon an event of default (as defined in the note), the interest rate shall increase to 24% per annum and certain other penalties may apply depending on the reason for the default.	the Company issued an 8% convertible redeemable note in the principal amount of $150,000 to Geebis Consulting LLC. This note bears interest at a rate of 8% per annum and all principal and interest is due on August 15, 2024. Upon an event of default (as defined in the note), the interest rate shall increase to 24% per annum and certain other penalties may apply depending on the reason for the default.		the Company issued an 8% convertible redeemable note in the principal amount of $153,000 to GS Capital Partners, LLC. The note bears interest at 8% per annum and all principal and interest is due on June 30, 2024. Upon an event of default (as defined in the note), the interest rate shall increase to 24% per annum and certain other penalties may apply depending on the reason for the default.
Common Stock [Member]
Short-Term Debt [Line Items]
Conversion of debt, value					$ 75,000
Accrued interest					3,238
Other fees					$ 900
Conversion of debt, shares					7,913,836
Convertible Loans Payable [Member]
Short-Term Debt [Line Items]
Proceeds from convertible debt									$ 153,000
Interest rate									8.00%
Fair value of derivative liability recorded as discount on note									$ 81,530
Loss on derivative liability							52,761
Gain on derivative liability							$ 230,643
Convertible Loans Payable [Member] | Common Stock [Member]
Short-Term Debt [Line Items]
Conversion of debt, value		$ 78,000
Accrued interest		6,496
Other fees		$ 900
Conversion of debt, shares		8,539,644
1800 Diagonal Lending LLC [Member]
Short-Term Debt [Line Items]
Principal amount													$ 147,775
Original issue discount													$ 19,275
Interest rate											160.00%
Remaining outstanding principal balance											$ 264,813

Leases (Details)	Sep. 30, 2024 USD ($)
2024 (remainder of year)	$ 43,276
2025	132,311
2026	8,276
Total future minimum lease payments	183,864
Less: Imputed interest	(8,547)
Present value of lease liabilities	$ 175,317
Minimum [Member]
Remaining lease term (in years)	1 year
Maximum [Member]
Remaining lease term (in years)	2 years 29 days

Leases (Details Narrative)	1 Months Ended		9 Months Ended
	Jan. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Oct. 31, 2023 EUR (€)
Financing Receivable, Past Due [Line Items]
Financing leases right-of-use asset	$ 66,613
Finance lease liability	50,615
Recognized loss	$ 15,998
Rental payments due		$ 15,356
Borrowing rate		8.00%
Remaining lease term (in years)		1 year 1 month 13 days				1 year 1 month 13 days
Weighted-average discount rate		8.00%				8.00%
Operating leases expense			$ 192,019	$ 55,153
Cash lease payments			192,019	$ 55,153
Operating lease right-of-use asset			175,317		$ 287,334
Operating lease liability, current			165,044		153,803
Operating lease liability, non current			$ 10,273		$ 133,531
Vehicle Lease [Member]
Financing Receivable, Past Due [Line Items]
Unrelated party amount | €						€ 741

Related Party Transactions (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Accrued salaries	$ 21,395	$ 1,195
Due to officers	491,507	285,267
Officer Ralph Hofmeier [Member]
Related Party Transaction [Line Items]
Unsecured advances due to officer	10,191	2,253
Accrued salaries	263,931	148,985
Due to officers	274,122	151,238
Officer Irma Velazquez [Member]
Related Party Transaction [Line Items]
Unsecured advances due to officer	27,941	7,341
Accrued salaries	189,227	126,688
Due to officers	217,168	134,029
Martin Antonio Del Signo Portilla [Member]
Related Party Transaction [Line Items]
Due to officers	$ 217	$ 0

Related Party Transactions (Details Narrative) - USD ($)	Jan. 18, 2023	Sep. 30, 2024	Dec. 31, 2023
Related Party Transactions [Abstract]
Accounts payable - related party		$ 16,900	$ 16,900
Amount due to related parties		2,793	$ 0
Number of shares issued to officers, shares	6,952,523
Number of shares issued to officers, value	$ 168,126
Common stock deposits received value		$ 610,000
Common stock deposits received shares		15,661,667

Stockholders’ Deficit (Details Narrative) - USD ($)											3 Months Ended							9 Months Ended
	Sep. 24, 2024	Sep. 05, 2024	Aug. 19, 2024	Aug. 01, 2024	Jul. 24, 2024	May 14, 2024	Mar. 07, 2024	Feb. 13, 2024	Jan. 17, 2024	Jan. 18, 2023	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024
Class of Stock [Line Items]
Common stock, shares authorized											1,000,000,000			1,000,000,000				1,000,000,000
Common stock, par value											$ 0.001			$ 0.001				$ 0.001
Common stock, shares issued											302,221,044			268,040,179				302,221,044
Common stock, shares outstanding											302,221,044			268,040,179				302,221,044
Stock issued during period, value											$ 345,000	$ 125,001	$ 140,000		$ 80,000	$ 25,500	$ 544,200
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized											500,000,000							500,000,000
Preferred stock, par value											$ 0.001			$ 0.001				$ 0.001
Designated preferred stock, shares authorized											50,000,000							50,000,000
Preferred stock, share issued											9,780,976			9,780,976				9,780,976
Preferred stock, shares outstanding											9,780,976			9,780,976				9,780,976
Common Stock [Member]
Class of Stock [Line Items]
Conversion of debt, value									$ 75,000
Accrued interest									3,238
Other fees									$ 900
Conversion of debt, shares									7,913,836
Common Stock [Member] | Investor [Member]
Class of Stock [Line Items]
Stock issued during period, shares														6,420,000	2,750,000		375,000
Stock issued during period, value																	$ 37,500
Common stock shares sold															23,791,000	8,940,000
Aggregate purchase price															$ 807,800	$ 194,300
Common Stock [Member] | Investor 1 [Member]
Class of Stock [Line Items]
Stock issued during period, shares														21,041,000	2,750,000
Common stock shares sold																7,440,000
Aggregate purchase price																$ 194,300
Common Stock [Member] | Investor 2 [Member]
Class of Stock [Line Items]
Stock issued during period, shares															6,420,000
Common Stock [Member] | ELOC [Member]
Class of Stock [Line Items]
Stock issued during period, shares																	5,310,988
Stock issued during period, value																	$ 196,000
Common Stock [Member] | Gary Rodney [Member]
Class of Stock [Line Items]
Shares issued for accrued salary										6,250,000
Shares issued for accrued salary per share value										$ 0.02
Recognized loss										$ 196,159
Common Stock [Member] | Ralph Hofmeier [Member]
Class of Stock [Line Items]
Shares issued for accrued salary										702,523
Shares issued for accrued salary per share value										$ 0.05
Recognized loss										$ 2,109
Common Stock [Member] | Michael Erbes [Member]
Class of Stock [Line Items]
Stock issued during period, shares		1,250,000		300,000		600,000
Stock issued during period, per share price		$ 0.02		$ 0.10		$ 0.05
Common Stock [Member] | Dale Johnson III [Member]
Class of Stock [Line Items]
Stock issued during period, shares		6,000,000				1,400,000
Stock issued during period, per share price		$ 0.02				$ 0.05
Common Stock [Member] | Landon Capital Management LLC DBA [Member]
Class of Stock [Line Items]
Stock issued during period, shares			20,000
Stock issued during period, per share price			$ 0.50
Common Stock [Member] | Dale Johnson III 1 [Member]
Class of Stock [Line Items]
Stock issued during period, shares				300,000		625,000
Stock issued during period, per share price				$ 0.10		$ 0.10
Common Stock [Member] | Layne Vanderwerf [Member]
Class of Stock [Line Items]
Stock issued during period, shares				1,050,000
Stock issued during period, per share price				$ 0.10
Common Stock [Member] | Michael Erbes 1 [Member]
Class of Stock [Line Items]
Stock issued during period, shares						625,000
Stock issued during period, per share price						$ 0.10
Common Stock [Member] | William Z Richardson [Member]
Class of Stock [Line Items]
Stock issued during period, shares							1,041,667
Stock issued during period, per share price							$ 0.024
Common Stock [Member] | Troy L Webb [Member]
Class of Stock [Line Items]
Stock issued during period, shares								700,000
Stock issued during period, per share price								$ 0.021
Common Stock [Member] | Convertible Debt [Member]
Class of Stock [Line Items]
Conversion of debt, value	$ 15,000				$ 78,000										$ 35,000	93,000		$ 15,000
Conversion of promissory note, shares	1,273,345																	2,542,373
Accrued interest					6,496										1,948	4,142
Other fees					$ 900										$ 900	$ 1,400
Conversion of debt, shares					8,539,644										2,162,770	4,753,178

Commitments and Contingencies (Details Narrative)	Aug. 04, 2022 USD ($)
Velazquez [Member]
Defined Benefit Plan Disclosure [Line Items]
Base salary	$ 210,305
Employees [Member] | Employment Agreements 2022 [Member]
Defined Benefit Plan Disclosure [Line Items]
Bonus paid	$ 29,164

Subsequent Events (Details Narrative) - Subsequent Event [Member] - USD ($)	Oct. 31, 2024	Oct. 28, 2024	Oct. 18, 2024	Oct. 16, 2024	Oct. 09, 2024	Oct. 04, 2024	Oct. 23, 2024
Irma Velazquez [Member]
Subsequent Event [Line Items]
Conversion of debt, shares						12,139,583
Conversion of debt, amount						$ 145,675
Ralph Hofmeier [Member]
Subsequent Event [Line Items]
Conversion of debt, shares						18,078,417
Conversion of debt, amount						$ 216,941
Amedeo Montonati [Member]
Subsequent Event [Line Items]
Number of shares issued							500,000
Shares price							$ 0.50
Dale Johnson III [Member]
Subsequent Event [Line Items]
Number of shares issued							1,750,000
Shares price							$ 0.10
DIAGONAL 1800 LENDING LLC [Member]
Subsequent Event [Line Items]
Conversion of debt, shares	16,327,273	12,121,212	9,195,402	7,207,207	3,333,333	3,076,923
Conversion of debt, amount	$ 26,940	$ 20,000	$ 20,000	$ 20,000	$ 15,000	$ 15,000

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