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

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended September 30, 2023

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

Commission File Number 033-19411-C

OCEAN THERMAL ENERGY CORPORATION

(Exact name of registrant as specified in its charter)

Nevada

20-5081381

(State or other jurisdiction

of incorporation or organization)

(I.R.S. Employer

Identification No.)

3675 Market Street, Suite 200, Philadelphia, PA 19104

(Address of principal executive offices, including zip code)

(717) 299-1344

(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 Exchange Act: None

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

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

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

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

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

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

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

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

As of November 10, 2023, issuer had 184,370,469 outstanding shares of common stock, par value $0.001.

TABLE OF CONTENTS

	Description	Page

PART I-FINANCIAL INFORMATION

Item 1	Financial Statements	3
	Condensed Consolidated Balance Sheets	3
	Condensed Consolidated Statements of Operations	4
	Condensed Consolidated Statements of Changes in Stockholders’ Deficiency	5
	Condensed Consolidated Statements of Cash Flows	7
	Notes to the Condensed Consolidated Financial Statements	8
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	15
Item 3	Quantitative and Qualitative Disclosures about Market Risk	17
Item 4	Controls and Procedures	17

PART II-OTHER INFORMATION

Item 2	Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities	18
Item 3	Defaults upon Senior Securities	18
Item 6	Exhibits	20
	Signature	21

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PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

OCEAN THERMAL ENERGY CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

	September 30, 2023			December 31, 2022
ASSETS
Current Assets
Cash	$	65,187		$	1,404
Prepaid expenses		5,000			5,000
Total Current Assets		70,187			6,404

Total Assets	$	70,187		$	6,404

LIABILITIES AND STOCKHOLDERS’ DEFICIENCY

Current Liabilities
Accounts payable and accrued expense	$	21,719,371		$	20,517,881
Notes payable - related party		2,294,170			2,329,473
Convertible notes payable - related party, net		117,261			114,721
Notes payable		3,650,731			3,655,932
Convertible note payable, net		2,570,412			2,531,401
Advances payable – related party, net		61,738			57,760
Derivative liability		343,137,562			6,998,262
Total Current Liabilities		373,551,245			36,205,430

Total Liabilities		373,551,245			36,205,430

Commitments and contingencies (See Note 8)		-			-

Stockholders’ deficiency
Preferred Stock, Series B, $0.001par value; 1,250,000 shares authorized, 518,750 and 518,750 shares issued and outstanding, respectively		519			519
Preferred Stock, Series C, $0.001 par value; 2,700,000 shares authorized, 2,300,000 and 2,300,000 shares issued and outstanding, respectively		2,300			2,300
Preferred Stock, Series D, $0.001 par value; 1,400 shares authorized, 1,115 and 278 shares issued and outstanding, respectively		1			-
Common stock, $0.001 par value; 200,000,000 shares authorized, 184,370,469 and 184,370,469 shares issued and outstanding, respectively		184,371			184,371
Additional paid-in capital		61,784,401			60,110,402
Accumulated deficit		(435,452,650	)		(96,496,618	)
Total Stockholders’ Deficiency		(373,481,058	)		(36,199,026	)

Total Liabilities and Stockholders’ Deficiency	$	70,187		$	6,404

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

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OCEAN THERMAL ENERGY CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(Unaudited)

	For the three months ended						For the nine months ended
	September 30, 2023			September30, 2022			September 30, 2023			September 30, 2022
Operating Expenses
Salaries and compensation	$	221,498		$	202,833		$	665,575		$	613,096
Professional fees		147,689			148,990			344,366			423,418
General and administrative		32,361			38,367			118,034			130,019
Total Operating Expenses		401,548			390,190			1,127,975			1,166,533

Loss from Operations		(401,548	)		(390,190	)		(1,127,975	)		(1,166,533	)

Other Income (Expenses)
Service income		-			-			12,000			-
Interest expense, net		(558,753	)		(462,514	)		(1,609,876	)		(1,344,836	)
Amortization of debt discount		(22,332	)		(52,513	)		(88,301	)		(176,829	)
Change in FV of derivative liability		(334,752,682	)		(1,551,657	)		(336,141,902	)		(3,374,400	)
Gain on conversion of debt		-			16,263			22			51,862
Total Other Income (Expense)		(335,333,767	)		(2,050,421	)		(337,828,057	)		(4,844,203	)

Loss Before Income Taxes		(335,735,315	)		(2,440,611	)		(338,956,032	)		(6,010,736	)

Provision for Income Taxes		-			-			-			-

Net Loss	$	(335,735,315	)	$	(2,440,611	)	$	(338,956,032	)	$	(6,010,736	)

Net Loss per Common Share – Basic and diluted	$	(1.82	)	$	(0.01	)	$	(1.84	)	$	(0.03	)

Weighted Average Number of Common Shares Outstanding – Basic and diluted		184,370,469			180,566,121			184,370,469			177,136,037

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

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OCEAN THERMAL ENERGY CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIENCY

(Unaudited)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022

	Preferred Stock				Common Stock				Additional					Total
	Number of		Par		Number of		Par		Paid-in		Accumulated			Stockholders’
	Shares		Value		Shares		Value		Capital		Deficit			Deficiency
Balance December 31, 2021		2,818,750	$	2,819		174,370,469	$	174,371	$	59,379,402	$	(89,584,516	)	$	(30,027,924	)
Series D Preferred Stock issued for cash		135		-		-		-		270,000		-			270,000
Series D Preferred Stock issued for conversion of notes and interest		143		-		-		-		286,000		-			286,000
Common Stock issued for conversions of notes payable		-		-		10,000,000		10,000		175,000		-			185,000
Net Loss		-		-		-		-		-		(6,010,736	)		(6,010,736	)
Balance September 30, 2022 (Unaudited)		2,819,028	$	2,819		184,370,469	$	184,371	$	60,110,402	$	(95,595,252	)	$	(35,297,660	)

	Preferred Stock				Common Stock				Additional					Total
	Number of		Par		Number of		Par		Paid-in		Accumulated			Stockholders’
	Shares		Value		Shares		Value		Capital		Deficit			Deficiency
Balance December 31, 2022		2,819,028	$	2,819		184,370,469	$	184,371	$	60,110,402	$	(96,496,618	)	$	(36,199,026	)
Series D Preferred Stock issued for cash		306		-		-		-		612,000		-			612,000
Series D Preferred Stock issued for conversion of notes and interest		531		1		-		-		1,061,999		-			1,062,000
Net Loss		-		-		-		-		-		(338,956,032	)		(338,956,032	)
Balance September 30, 2023 (Unaudited)		2,819,865	$	2,820		184,370,469	$	184,371	$	61,784,401	$	(435,452,650	)	$	(373,481,058	)

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

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OCEAN THERMAL ENERGY CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIENCY

(Unaudited)

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022

	Preferred Stock				Common Stock				Additional					Total
	Number of Shares		Par Value		Number of Shares		Par Value		Paid-in Capital		Accumulated Deficit			Stockholders’ Deficiency
Balance June 30, 2022 (Unaudited)		2,819,028	$	2,819		179,370,469	$	179,371	$	60,040,402	$	(93,154,641	)	$	(32,932,049	)
Common Stock issued for conversions of notes payable		-		-		5,000,000		5,000		70,000		-			75,000
Net Loss		-		-		-		-		-		(2,440,611	)		(2,440,611	)
Balance September 30, 2022 (Unaudited)		2,819,028	$	2,819		184,370,469	$	184,371	$	60,110,402	$	(95,595,252	)	$	(35,297,660	)

	Preferred Stock				Common Stock				Additional					Total
	Number of Shares		Par Value		Number of Shares		Par Value		Paid-in Capital		Accumulated Deficit			Stockholders’ Deficiency
Balance June 30, 2023 (Unaudited)		2,819,734	$	2,820		184,370,469	$	184,371	$	61,522,401	$	(99,717,335	)	$	(38,007,743	)
Series D Preferred Stock issued for cash		131		-		-		-		262,000		-			262,000
Net Loss		-		-		-		-		-		(335,735,315	)		(335,735,315	)
Balance September 30, 2023 (Unaudited)		2,819,865	$	2,820		184,370,469	$	184,371	$	61,784,401	$	(435,452,650	)	$	(373,481,058	)

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

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OCEAN THERMAL ENERGY CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022

(Unaudited)

	2023			2022
Cash Flows From Operating Activities:
Net loss	$	(338,956,032	)	$	(6,010,736	)
Adjustments to reconcile net loss to net cash used in operating activities:
Change in fair value of derivative liability		336,141,902			3,374,400
Amortization of debt discount		88,301			176,829
Gain on conversion of debt		(22	)		(51,862	)
Changes in assets and liabilities:
Accounts payable and accrued expenses		2,178,856			2,209,726
Net Cash Used In Operating Activities		(546,995	)		(301,643	)

Cash Flows From Financing Activities:
Advances from related parties		3,978			38,000
Repayment of notes payable		(5,200	)		-
Proceeds from sale of preferred stock		612,000			270,000
Net Cash Provided by Financing Activities		610,778			308,000

Net increase (decrease) in cash		63,783			6,357
Cash at beginning of period		1,404			957
Cash at End of Period	$	65,187		$	7,314

Supplemental disclosure of cash flow information
Cash paid for interest expense	$	3,740		$	15,440
Cash paid for income taxes	$	-		$	-

Supplemental disclosure of non-cash investing and financing activities:
Preferred stock issued for conversion of notes and accrued interest	$	1,062,000		$	286,000
Common stock issued for conversion of notes payable	$	-		$	185,000
Convertible notes payable and accrued interest converted into common stock	$	-		$	45,650
Convertible notes payable and accrued interest converted into preferred stock	$	59,420		$	100,945
Related party convertible notes payable and accrued interest converted into preferred stock	$	-		$	12,043
Related party note payable and accrued interest converted into preferred stock	$	1,000,000			-
Notes payable and accrued interest converted into preferred stock	$	-		$	168,138
Derivative liability extinguished upon conversion of note payable	$	2,602		$	196,086

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

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OCEAN THERMAL ENERGY CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2023 AND 2022

(UNAUDITED)

NOTE 1 – NATURE OF BUSINESS AND BASIS OF PRESENTATION

Ocean Thermal Energy Corporation is currently in the businesses of:

	·	*OTEC and SWAC/LSC*-designing ocean thermal energy conversion (“OTEC”) power plants and seawater air conditioning and lake water air conditioning (“SWAC/LSC”) plants for large commercial properties, utilities, and municipalities. These technologies provide practical solutions to mankind’s three oldest and most fundamental needs: clean drinking water, plentiful food, and sustainable, affordable energy without the use of fossil fuels. OTEC is a clean technology that continuously extracts energy from the temperature difference between warm surface ocean water and cold deep seawater. In addition to producing electricity, some of the seawater running through an OTEC plant can be efficiently desalinated using the power generated by the OTEC technology, producing thousands of cubic meters of fresh water every day for use in agriculture and human consumption in the communities served by its plants. This cold, deep, nutrient-rich water can also be used to cool buildings (SWAC/LSC) and for fish farming/aquaculture. In short, it is a technology with many benefits, and its versatility makes OTEC unique.

	·	*EcoVillages*-developing and commercializing our EcoVillages, as well as working to develop or acquire new complementary assets. EcoVillages are communities whose goal is to become more socially, economically, and ecologically sustainable and whose inhabitants seek to live according to ecological principles, causing as little impact on the environment as possible. We expect that our EcoVillage communities will range from a population of 50 to 150 individuals, although some may be smaller. We may also form larger EcoVillages, of up to 2,000 individuals, as networks of smaller subcommunities. We expect that our EcoVillages will grow by the addition of individuals, families, or other small groups. We expect to use our technology in the development of our EcoVillages, which should add significant value to this line of business.

The unaudited condensed consolidated financial statements include the accounts of the company and our wholly owned subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation. In the opinion of management, our financial statements reflect all adjustments that are of a normal recurring nature necessary for presentation of financial statements in accordance with U.S. generally accepted accounting principles (GAAP).

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements and related notes have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) and presented in accordance with GAAP.

The accompanying consolidated balance sheet at December 31, 2022 has been derived from audited consolidated financial statements, but does not include all disclosures required by GAAP. The accompanying unaudited condensed consolidated financial statements as of September 30, 2023, and for the three and nine months ended September 30, 2023 and 2022, have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited consolidated financial statements and related notes to the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2022, as filed with SEC. In the opinion of management, all material adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been made to the condensed consolidated financial statements. The condensed consolidated financial statements include all material adjustments (consisting of normal recurring accruals) necessary to make the condensed consolidated financial statements not misleading as required by Regulation S-X Rule 10-01. Operating results for the three and nine months ended September 30, 2023, are not necessarily indicative of the results that may be expected for the year ending December 31, 2023, or any future periods.

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

The condensed consolidated financial statements include the accounts of the company and its wholly-owned subsidiary OCEES International Inc. (“OCEES”). Intercompany balances and transactions have been eliminated in consolidation. We have an effective interest of 100% in OCEES. Former subsidiaries Ocean Thermal Energy Bahamas LTD and OTE BM Ltd. were inactive and have been dissolved.

Agreement to Sell Subsidiary

On August 25, 2022, we entered into a Stock Purchase Agreement to sell OCEES to Epaphus Global Energy, LLC (“Epaphus”). Epaphus is controlled by Jeremy Feakins, our chief executive officer and a director. The transaction was approved unanimously by our directors who do not have an interest in the transaction.

In exchange for the sale of OCEES, we will receive:

	•	$1,000,000 in the form of canceled amounts owed by us to certain individuals, including Mr. Feakins, who have assigned their right to receive those payments to Epaphus;
	•	$75,000 in cash per month for 12 months following the date of the purchase agreement; and
	•	70% of the net profit of any currently contemplated project to build an ocean thermal energy conversion power plant entered into by OCEES.

Under the terms of the purchase agreement, Epaphus has the unilateral right to return OCEES to us and receive a full refund of all portions of the purchase price paid as of the return of OCEES at any time for one year following the date of the purchase agreement.

Because the purchase agreement had not closed as of September 30, 2023, or through the date of filing of this report, it has not been reflected in these financial statements.

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Use of Estimates

In preparing financial statements in conformity with GAAP, management is required 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 revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates include the assumptions used in the valuation of equity-based transactions, valuation of derivative liabilities, and valuation of deferred tax assets.

Cash and Cash Equivalents

We consider all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. We had no cash equivalents at September 30, 2023, and December 31, 2022.

Business Segments

We operate in one segment and, therefore, segment information is not presented.

Fair Value

Financial Accounting Standards Board Accounting Standard Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures, defines fair value, establishes a framework for measuring fair value under GAAP, and enhances disclosures about fair value measurements. ASC 820 describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value, which are the following:

	·	Level 1-Pricing inputs are quoted prices available in active markets for identical assets or liabilities as of the reporting date.
	·	Level 2-Pricing inputs are quoted for similar assets or inputs that are observable, either directly or indirectly, for substantially the full term through corroboration with observable market data. Level 2 includes assets or liabilities valued at quoted prices adjusted for legal or contractual restrictions specific to these investments.
	·	Level 3-Pricing inputs are unobservable for the assets or liabilities; that is, the inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability.

Management believes the carrying amounts of the short-term financial instruments, including cash and cash equivalents, prepaid expenses, accounts payable, accrued liabilities, notes payable, and other liabilities, reflected in the accompanying balance sheets, approximate fair value at September 30, 2023, and December 31, 2022, due to the relatively short-term nature of these instruments.

We accounted for derivative liability at fair value on a recurring basis under Level 3 at September 30, 2023, and December 31, 2022 (see Note 5).

Concentrations

Cash, cash equivalents, and restricted cash are deposited with major financial institutions, and at times, such balances with any one financial institution may be in excess of FDIC-insured limits. As of September 30, 2023, and December 31, 2022, no balances exceeded FDIC-insured limits.

Loss per Share

Basic loss per share is calculated by dividing our net loss available to common shareholders by the weighted average number of common shares during the period. Diluted loss per share is calculated by dividing our net loss by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity.

The following potentially dilutive securities have been excluded from the computation of diluted weighted average shares outstanding as of September 30, 2023 and 2022, as they would be anti-dilutive:

	Nine Months Ended September 30,
	2023		2022
Shares underlying warrants outstanding		16,500		125,073
Shares underlying convertible notes outstanding		24,528,160,203		648,510,042
Shares underlying convertible preferred stock outstanding		16,687,500		16,687,500
		24,544,864,203		665,322,615

Recent Accounting Pronouncements

We have reviewed all recently issued, but not yet adopted, accounting standards to determine their effects, if any, on our consolidated results of operations, financial position, and cash flows. Based on that review, we believe that none of these pronouncements will have a significant effect on current or future earnings or operations.

NOTE 3 – GOING CONCERN

The accompanying unaudited condensed consolidated financial statements have been prepared on the assumption that we will continue as a going concern. As reflected in the accompanying unaudited condensed consolidated financial statements, we had a net loss of approximately $339 million and used $546,995 of cash in operating activities for the nine months ended September 30, 2023. We had a working capital deficiency of approximately $373 million and a stockholders’ deficiency of approximately $373 million as of September 30, 2023. These factors raise substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent on our ability to increase sales and obtain external funding for our projects under development. We continue to apply for grant funding from the U.S. Department of Energy. Our applications focus on desalinated water, ammonia, and hydrogen production from an OTEC facility. On March 11, 2022, President Biden signed a bill that provides $162 million for the Water Power Technologies Office budget. About $112 million of that money is slated for marine energy. We plan to apply for funding to support projects where our technology would apply. The financial statements do not include any adjustments that may result from the outcome of this uncertainty.

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NOTE 4 – CONVERTIBLE NOTES AND NOTES PAYABLE

During the nine months ended September 30, 2023, $35,303 of related party notes and $964,697 of related accrued interest were converted into 500 shares of Series D Preferred Stock.

During the nine months ended September 30, 2023, $46,750 of notes and $12,670 of related accrued interest were converted into 31 shares of Series D Preferred Stock.

During the nine months ended September 30, 2022, $215,000 of notes and $66,126 of related accrued interest were converted into 143 shares of Series D Preferred Stock.

During the nine months ended September 30, 2022, $45,650 of notes were converted into 10,000,000 shares of common stock.

The following convertible notes and notes payable were outstanding at September 30, 2023:

Date of	Maturity	Interest			In	Original		Principal at September 30,		Discount at September 30,		Carrying Amount at September 30,		Related Party				Non Related Party
Issuance	Date	Rate			Default	Principal		2023		2023		2023		Current		Long-Term		Current		Long-Term
12/01/07	09/01/15		7.00	%	Yes		125,000		85,821		-		85,821		-		-		85,821		-
09/25/09	10/25/11		5.00	%	Yes		50,000		50,000		-		50,000		-		-		50,000		-
12/23/09	12/23/14		7.00	%	Yes		100,000		79,075		-		79,075		-		-		79,075		-
12/23/09	12/23/14		7.00	%	Yes		25,000		21,678		-		21,678		-		-		21,678		-
12/23/09	12/23/14		7.00	%	Yes		25,000		21,668		-		21,668		-		-		21,668		-
02/03/12	12/31/19		10.00	%	Yes		1,000,000		1,000,000		-		1,000,000		-		-		1,000,000		-
08/15/13	10/31/23		10.00	%	No		158,334		158,334		-		158,334		-		-		158,334		-
12/31/13	12/31/15		8.00	%	Yes		290,000		130,000		-		130,000		-		-		130,000		-
04/01/14	12/31/18		10.00	%	Yes		2,265,000		1,067,197		-		1,067,197		1,067,197		-		-		-
12/22/14	03/31/15		22.00	%*	Yes		200,000		200,000		-		200,000		-		-		200,000		-
12/26/14	12/26/15		22.00	%*	Yes		100,000		100,000		-		100,000		-		-		100,000		-
03/12/15	(1)		6.00	%	No		394,380		394,380		-		394,380		394,380		-		-		-
04/07/15	04/07/18		10.00	%	Yes		50,000		50,000		-		50,000		-		-		50,000		-
11/23/15	(1)		6.00	%	No		50,000		50,000		-		50,000		50,000		-		-		-
02/25/16	(1)		6.00	%	No		50,000		50,000		-		50,000		50,000		-		-		-
05/20/16	(1)		6.00	%	No		50,000		50,000		-		50,000		50,000		-		-		-
10/20/16	(1)		6.00	%	No		37,500		12,500		-		12,500		12,500		-		-		-
10/20/16	(1)		6.00	%	No		12,500		12,500		-		12,500		12,500		-		-		-
12/21/16	(1)		6.00	%	No		25,000		25,000		-		25,000		25,000		-		-		-
03/09/17	(1)		10.00	%	No		200,000		177,000		-		177,000		177,000		-		-		-
07/13/17	07/13/19		6.00	%	Yes		25,000		25,000		-		25,000		-		-		25,000		-
07/18/17	07/18/19		6.00	%	Yes		25,000		25,000		-		25,000		-		-		25,000		-
07/26/17	07/26/19		6.00	%	Yes		15,000		15,000		-		15,000		-		-		15,000		-
12/20/17	(2)		10.00	%	Yes		979,156		859,156		-		859,156		-		-		859,156		-
11/06/17	12/31/18		10.00	%	Yes		646,568		543,093		-		543,093		543,093		-		-		-
02/19/18	(3)		18.00	%*	Yes		629,451		1,161,136		-		1,161,136		-		-		1,161,136		-
09/19/18	09/28/21		6.00	%	Yes		10,000		10,000		-		10,000		-		-		10,000		-
12/14/18	12/22/18		24.00	%*	Yes		474,759		578,075		-		578,075		-		-		578,075		-
01/02/19	(4)		17.00	%	No		310,000		310,000		-		310,000		-		-		310,000		-
08/14/19	10/31/2021		8.00	%	Yes		26,200		26,200		-		26,200		-		-		26,200		-
(5)	10/31/2021		8.00	%	Yes		105,000		40,000		-		40,000		5,000		-		35,000		-
(6)	01/02/22		8.00	%	Yes		296,750		225,000		-		225,000		15,000		-		210,000		-
(8)	05/12/22		8.00	%	Yes		15,000		15,000		-		15,000		-		-		15,000		-
(9)	09/01/22		8.00	%	Yes		170,000		155,000		-		155,000		-		-		155,000		-
(10)	08/30/23		8.00	%	No		285,000		280,000		-		280,000		5,000		-		275,000		-
(11)	11/30/23		8.00	%	No		5,000		5,000		239		4,761		4,761		-		-		-
(7)	(7)		10.00	%	No		625,000		625,000		-		625,000		-		-		625,000		-
						$	9,850,598	$	8,632,813	$	239	$	8,632,574	$	2,411,431	$	-	$	6,221,143	$	-

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(1)	Maturity date is 90 days after demand.
(2)	Bridge loans were issued at dates between December 2017 and May 2018. Principal is due on the earlier of 18 months from the anniversary date or the completion of L2 Capital financing with gross proceeds of a minimum of $1.5 million.
(3)	L2 Capital note was drawn down in five tranches between 02/16/18 and 05/02/18.
(4)	Loans were issued from 01/02/19 to 03/23/19. Principal and interest are due when funds are received from the litigation between Ocean Thermal Energy Corporation vs. Robert Coe, et al.
(5)	Notes were issued between 10/14/19 and 11/05/19. The notes bear an interest rate of 8% and mature 10/31/21. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(6)	Notes were issued between 12/09/19 and 11/25/20. The notes bear an interest rate of 8% and mature 01/02/22. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(7)	Notes were issued between 11/02/20 and 03/18/21. The notes bear an interest rate of 10%. Repayment will be made as follows: (i) the principal and interest within five business days following our receipt of $25.5 million from the Robert Coe, et al Phase One Litigation; and (ii) the additional payment within five business days following our actual receipt of any funds from the Robert Coe, et al., Phase Two Litigation, less legal fees accrued up to that date. Payment will be made as such funds are actually received by us and after deductions of accrued legal fees up to that date.
(8)	Notes were issued between 05/14/20 and 08/11/20. The notes bear an interest rate of 8% and mature 05/12/22. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(9)	Notes were issued in November 2020 and during the first two quarters of 2021. The notes bear an interest rate of 8% and mature 09/01/22. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(10)	Notes were issued during the third quarter of 2021. The notes bear an interest rate of 8% and mature 08/30/23. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(11)	Note was issued during November of 2021. The note bears an interest rate of 8% and matures 11/30/23. It can be converted into 250,000 shares of common stock. It can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
*	Default interest rate.

The following convertible notes and notes payable were outstanding at December 31, 2022:

Date of	Maturity	Interest			In	Original		Principal at December 31,		Discount at December 31,		Carrying Amount at December 31,		Related Party				Non Related Party
Issuance	Date	Rate			Default	Principal		2022		2022		2022		Current		Long-Term		Current		Long-Term
12/01/07	09/01/15		7.00	%	Yes		125,000		85,821		-		85,821		-		-		85,821		-
09/25/09	10/25/11		5.00	%	Yes		50,000		50,000		-		50,000		-		-		50,000		-
12/23/09	12/23/14		7.00	%	Yes		100,000		83,166		-		83,166		-		-		83,166		-
12/23/09	12/23/14		7.00	%	Yes		25,000		22,233		-		22,233		-		-		22,233		-
12/23/09	12/23/14		7.00	%	Yes		25,000		22,223		-		22,223		-		-		22,223		-
02/03/12	12/31/19		10.00	%	Yes		1,000,000		1,000,000		-		1,000,000		-		-		1,000,000		-
08/15/13	10/31/23		10.00	%	No		158,334		158,334		-		158,334		-		-		158,334		-
12/31/13	12/31/15		8.00	%	Yes		290,000		130,000		-		130,000		-		-		130,000		-
04/01/14	12/31/18		10.00	%	Yes		2,265,000		1,102,500		-		1,102,500		1,102,500		-		-		-
12/22/14	03/31/15		22.00	%*	Yes		200,000		200,000		-		200,000		-		-		200,000		-
12/26/14	12/26/15		22.00	%*	Yes		100,000		100,000		-		100,000		-		-		100,000		-
03/12/15	(1)		6.00	%	No		394,380		394,380		-		394,380		394,380		-		-		-
04/07/15	04/07/18		10.00	%	Yes		50,000		50,000		-		50,000		-		-		50,000		-
11/23/15	(1)		6.00	%	No		50,000		50,000		-		50,000		50,000		-		-		-
02/25/16	(1)		6.00	%	No		50,000		50,000		-		50,000		50,000		-		-		-
05/20/16	(1)		6.00	%	No		50,000		50,000		-		50,000		50,000		-		-		-
10/20/16	(1)		6.00	%	No		37,500		12,500		-		12,500		12,500		-		-		-
10/20/16	(1)		6.00	%	No		12,500		12,500		-		12,500		12,500		-		-		-
12/21/16	(1)		6.00	%	No		25,000		25,000		-		25,000		25,000		-		-		-
03/09/17	(1)		10.00	%	No		200,000		177,000		-		177,000		177,000		-		-		-
07/13/17	07/13/19		6.00	%	Yes		25,000		25,000		-		25,000		-		-		25,000		-
07/18/17	07/18/19		6.00	%	Yes		25,000		25,000		-		25,000		-		-		25,000		-
07/26/17	07/26/19		6.00	%	Yes		15,000		15,000		-		15,000		-		-		15,000		-
12/20/17	(2)		10.00	%	Yes		979,156		859,156		-		859,156		-		-		859,156		-
11/06/17	12/31/18		10.00	%	Yes		646,568		543,093		-		543,093		543,093		-		-		-
02/19/18	(3)		18.00	%*	Yes		629,451		1,161,136		-		1,161,136		-		-		1,161,136		-
09/19/18	09/28/21		6.00	%	Yes		10,000		10,000		-		10,000		-		-		10,000		-
12/14/18	12/22/18		24.00	%*	Yes		474,759		578,075		-		578,075		-		-		578,075		-
01/02/19	(4)		17.00	%	No		310,000		310,000		-		310,000		-		-		310,000		-
08/14/19	10/31/2021		8.00	%	Yes		26,200		26,200		-		26,200		-		-		26,200		-
(5)	10/31/2021		8.00	%	Yes		105,000		75,000		-		75,000		5,000		-		70,000		-
(6)	01/02/22		8.00	%	Yes		296,750		231,750		-		231,750		15,000		-		216,750		-
(8)	05/12/22		8.00	%	Yes		15,000		15,000		-		15,000		-		-		15,000		-
(9)	09/01/22		8.00	%	Yes		170,000		155,000		-		155,000		-		-		155,000		-
(10)	08/30/23		8.00	%	No		285,000		285,000		87,233		197,767		3,528		-		194,239		-
(11)	11/30/23		8.00	%	No		5,000		5,000		1,307		3,693		3,693		-		-		-
(7)	(7)		10.00	%	No		625,000		625,000		-		625,000		-		-		625,000		-
						$	9,850,598	$	8,720,067	$	88,540	$	8,631,527	$	2,444,194	$	-	$	6,187,333	$	-

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(1)	Maturity date is 90 days after demand.
(2)	Bridge loans were issued at dates between December 2017 and May 2018. Principal is due on the earlier of 18 months from the anniversary date or the completion of L2 Capital financing with gross proceeds of a minimum of $1.5 million.
(3)	L2 Capital note was drawn down in five tranches between 02/16/18 and 05/02/18.
(4)	Loans were issued from 01/02/19 to 03/23/19. Principal and interest are due when funds are received from the litigation between Ocean Thermal Energy Corporation vs. Robert Coe, et al.
(5)	Notes were issued between 10/14/19 and 11/05/19. The notes bear an interest rate of 8% and mature 10/31/21. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(6)	Notes were issued between 12/09/19 and 11/25/20. The notes bear an interest rate of 8% and mature 01/02/22. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(7)	Notes were issued between 11/02/20 and 03/18/21. The notes bear an interest rate of 10%. Repayment will be made as follows: (i) the principal and interest within five business days following our receipt of $25.5 million from the Robert Coe, et al., Phase One Litigation; and (ii) the additional payment within five business days following our actual receipt of any funds from the Robert Coe, et al., Phase Two Litigation, less legal fees accrued up to that date. Payment will be made as such funds are actually received by us and after deductions of accrued legal fees up to that date.
(8)	Notes were issued between 05/14/20 and 08/11/20. The notes bear an interest rate of 8% and mature 05/12/22. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(9)	Notes were issued in November 2020 and during the first two quarters of 2021. The notes bear an interest rate of 8% and mature 09/01/22. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(10)	Notes were issued during the third quarter of 2021. The notes bear an interest rate of 8% and mature 08/30/23. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(11)	Note was issued during November of 2021. The note bears an interest rate of 8% and matures 11/30/23. It can be converted into 250,000 shares of common stock. It can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
*	Default interest rate.

NOTE 5 – DERIVATIVE LIABILITY

We measure the fair value of our assets and liabilities under the guidance of ASC 820, Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measuring fair value in accordance with GAAP, and expands disclosures about fair value measurements. ASC 820 does not require any new fair value measurements, but its provisions apply to all other accounting pronouncements that require or permit fair value measurement.

We identified conversion features embedded within convertible debt issued. We have determined that the features associated with the embedded conversion option should be accounted for at fair value as a derivative liability. We have elected to account for these instruments together with fixed conversion price instruments as derivative liabilities as we cannot determine if a sufficient number of shares would be available to settle all potential future conversion transactions. We value the derivative liabilities using the Black-Scholes option valuation model. The derivative liabilities are valued at each reporting date and the change in fair value is reflected as change in fair value of derivative liability.

Following is a description of the valuation methodologies used to determine the fair value of our financial liabilities, including the general classification of such instruments pursuant to the valuation hierarchy:

Fair Value

Quoted market prices

for identical

assets/liabilities

(Level 1)

Significant other

observable inputs

(Level 2)

Significant

unobservable inputs

(Level 3)

Derivative Liability, September 30, 2023

343,137,562

Derivative Liability, December 31, 2022

6,998,262

The reconciliation of the derivative liability for the nine months ended September 30, 2023 and 2022 is as follows:

	For the Nine Months Ended September 30,
	2023			2022
Derivative liability as of January 1	$	6,998,262		$	3,769,211
Addition to derivative instruments		-			-
Derivative liability extinguished upon conversion of notes payable		(2,602	)		(196,086	)
Change in fair value of derivative liability*		336,141,902			3,374,400
Derivative liability, as of September 30	$	343,137,562		$	6,947,525

* Gains (losses) related to the revaluation of Level 3 financial liabilities is included in “Change in fair value of derivative liabilities” in the accompanying unaudited condensed consolidated statement of operations.

Table of Contents

The fair value of the derivative liability was estimated using the Black-Scholes option-valuation model. The fair values at the commitment and remeasurement dates for our derivative liabilities were based upon the following management assumptions:

	For the Nine Months Ended September 30,
	2023			2022
Expected dividends		0	%		0	%
Expected volatility	187%-994		%	184%-368		%
Risk free interest rate	4.64%-5.55		%	0.52%-4.05		%
Expected term (in years)	0.02– 1 years			0.25– 1.42 years

The fair value at the remeasurement date is equal to the carrying value on the balance sheet.

NOTE 6 – STOCKHOLDERS’ EQUITY

Common Stock

There were no common stock transactions during the nine months ended September 30, 2023.

During the nine months ended September 30, 2022, we issued 10,000,000 shares of common stock with a fair value of $185,000 for the conversion of a portion of our notes payable in the amount of $45,650.

Preferred Stock

On June 6, 2023, the board of directors agreed to amend the Certificate of Designation to authorize an additional 400 Series D Convertible Preferred Shares. On June 9, 2023, the Series D Convertible Preferred Stockholders approved that increase by majority written consent and the amendment was filed with the Nevada Secretary of State on June 12, 2023.

During the nine months ended September 30, 2023, we issued 306 shares of Series D Preferred Stock for cash proceeds of $612,000.

During the nine months ended September 30, 2023, we issued 500 shares of Series D Preferred Stock to a related party upon conversion of $35,303 of notes and $964,697 of related accrued interest.

During the nine months ended September 30, 2023, we issued 31 shares of Series D Preferred Stock upon conversion of $46,750 of notes and $12,670 of related accrued interest.

During the nine months ended September 30, 2022, we issued 135 shares of Series D Preferred Stock for cash proceeds of $270,000.

During the nine months ended September 30, 2022, we issued 143 shares of Series D Preferred Stock valued at $286,000 upon conversion of $215,000 of notes and $66,126 of related accrued interest.

NOTE 7 – COMMITMENTS AND CONTINGENCIES

Commitments

On June 26, 2017, we entered a nonexclusive finder’s arrangement with Craft Capital Management LLC (“Craft”) in the event that proceeds with a debt and/or equity transaction or to finance a merger/acquisition and/or another transaction are arranged by Craft. We have no obligation to consummate any transaction, and we can choose to accept or reject any transaction in our sole and absolute discretion. Upon the successful completion of a placement, we will pay to Craft 8% of the gross proceeds from an equity placement and 3% for a debt placement. In addition, we will issue to Craft, at the time of closing, warrants with an aggregate exercise price equal to 3% of the amount raised. We have issued to Craft, as finder’s fees for transactions between L2 Capital and us, warrants to purchase 56,073 shares of common stock for L2 Capital equity transactions and warrants to purchase 69,000 shares of common stock for L2 Capital debt transactions for total outstanding warrants to purchase 125,073 shares of common stock, none of which has been exercised, and 108,573 warrants have expired. The remaining warrants have a fair value of $135 based on the Black-Scholes option-pricing model. The warrants have exercise prices ranging from $0.0425 to $0.25 per share and are exercisable for a period of five years after the closing of the placement. If we, at any time while these warrants are outstanding, sell or grant any option to purchase or sell or grant any right to reprice, or otherwise dispose of or issue any common stock or securities entitling any person or entity to acquire shares of common stock, at an effective price per share less than the then-exercise price, then the exercise price will be reduced to equal the lower share price, at the option of Craft. Such adjustment will be made whenever such common stock is issued. We will notify Craft in writing, no later than the trading day following the issuance of any common stock, of the applicable issuance price or applicable reset price, exchange price, conversion price, and other pricing terms.

Litigation

On May 4, 2018, we reached a settlement of the claims at issue in Ocean Thermal Energy Corp. v. Robert Coe, et al., Case No. 2:17-cv-02343SHL-cgc, before the United States District Court for the Western District of Tennessee. Between May 30 and July 19, 2018, we received three payments totaling $100,000 from the defendants. On August 8, 2018, an $8 million judgment was entered against the defendants and in our favor. On May 28, 2019, we further settled the claims at issue with two of the defendants, Brett M. Regal and his company, Trade Base Sales, Inc. (“Regal Debtors”), for $17,500,000, bringing the combined judgment and settlement amount owed to us is $25,500,000. On July 1, 2019, the United States District Judge for the Central District of California (case number: 2:19-cv-05299-VAP-JPR), approved our stipulated application for an order permitting us to levy on property and appointing a receiver to carry out the levy on Regal Debtors’ property, such that it may be sold (subject to further order of the court approving and confirming such sales), to satisfy the $25,500,000 settlement and judgment amounts in our favor. On August 15, 2019, the court-appointed receiver notified the court that he had taken custody, possession, and control of certain gemstone and mineral specimens, known as the “Ophir Collection” and 350,000 pounds of unrefined gold and other precious metal bearing ore. By order of the court, the receiver was given the authority to assign, sell, and transfer the debtor property. The proceeds of any sales will be used to satisfy the judgment and settlement agreement, receivership’s reasonable costs and fees, as well as any other claims as determined by the court. Various parties have come forward asserting ownership and priority lien rights to the property. In our ongoing efforts to collect the $25,500,000 judgment obtained, a third party has intervened in our case in the Central District of California (case number: 2:19-cv-05299-VAP-JPR), asserting that it is the rightful owner of the “Ophir Collection” of gems and mineral specimens that is now in possession of the court-appointed receiver. On February 25, 2022, all parties who have appeared in this case stipulated to dismiss all pending claims while leaving the receivership established by the court in place. On the same date, the court ordered that upon a successful sale of the Ophir Collection, the net proceeds shall be distributed in accordance with the terms of the January 3, 2022, confidential settlement between the parties.

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On May 21, 2019, Theodore T. Herman filed a complaint against us in Theodore T. Herman v. Ocean Thermal Energy Corporation, Case No. CI-19-04780, in the Court of Common Pleas of Lancaster County, Pennsylvania, asserting that he is entitled to payment on the promissory note described in Note 4: Convertible Notes and Notes Payable. On July 1, 2019, we filed preliminary objections to the complaint, and subsequently filed an answer and new matter on August 20, 2019, to which the plaintiff filed a reply on September 9, 2019. We will continue to defend our position that no further payment on this note is owed.

On August 22, 2018, Fugro USA Maine, Inc. (“Fugro”), filed suit against us in Fugro USA Marine, Inc. v. Ocean Thermal Energy Corp., Cause No. 2018-56396, in the District Court for Harris County, TX, 165th Judicial District, seeking approximately $500,000 allegedly owed for engineering services provided. On June 23, 2020, a settlement was reached under which we would pay Fugro $375,000 by June 30, 2021. We were unable to pay the remaining balance and therefore entered into a second amendment to the settlement agreement extending the deadline for full payment, with 18% interest per annum, to December 31, 2021. We will continue to make regular monthly payments to Fugro of $10,000 per month, until the balance owed has been paid. We have recorded the amount of accrued legal settlement as of September 30, 2023. We have repaid $260,000 and the balance at September 30, 2023 was $115,000, with accrued interest of $67,325 at September 30, 2023.

NOTE 11 – RELATED-PARTY TRANSACTIONS

Through May 31, 2023, we incurred monthly rent of $10,000 to a company controlled by our chief executive officer under an operating lease agreement. The lease was for a one-year term and, unless either party gave to the other written notice of termination, the term would renew for a further period of one year, and so on from year to year until terminated by either party. The lease was terminated at May 31, 2023. For the three months ended September 30, 2023 and 2022, rent expense pursuant to this lease was $0 and $30,000, respectively. For the nine months ended September 30, 2023 and 2022, rent expense pursuant to this lease was $50,000 and $90,000, respectively. At September 30, 2023 and December 31, 2022, we had a payable to the entity of $30,000 and $70,000, respectively.

In May 2023, we entered into a month-to-month agreement with a company controlled by our chief executive officer for shared use of an office and facilities at $1,000 per month. For the three and nine months ended September 30, 2023, rent expense was $3,000 and $5,000, respectively.

For the nine months ended September 30, 2023 and 2022, we recorded charges incurred to a company controlled by our chief executive officer for reimbursement of accounting and administrative services provided to us by an employee of that company. For the three months ended September 30, 2023 and 2022, we recorded expense of $28,803 and $28,270, respectively, to this company. For the nine months ended September 30, 2023 and 2022, we recorded expense of $86,923 and $89,613, respectively, to this company. At September 30, 2023 and December 31, 2022, we had a payable to the entity of $6,413 and $74,070, respectively.

From time to time, we enter into loans and notes payable with related parties. Refer to Note 4 for details on notes payable and convertible notes payable to related parties.

Accrued interest on related-party notes was $856,436 and $1,656,757 at September 30, 2023, and December 31, 2022, respectively.

During the nine months ended September 30, 2023, we issued 500 shares of Series D Preferred Stock to a related party upon conversion of $35,303 of notes and $964,697 of related accrued interest.

During the nine months ended September 30, 2023, we received $3,978 in net working capital advances from related parties.

During 2022, an aggregate of 847,262 shares of common stock were borrowed from our chief executive officer to enable conversions of notes and accrued interest. We have accrued a liability for the shares to be reissued to our chief executive officer in the amount of $11,014, the fair value of the shares on the date of conversion. The replacement shares have not been issued at September 30, 2023.

During the nine months ended September 30, 2022, our chief executive officer converted $10,000 of notes and $2,043 of accrued interest into six shares of Series D Preferred Stock. He also purchased five shares of Series D Preferred Stock for cash proceeds of $10,000.

During the nine months ended September 30, 2022, entities controlled by our chief executive officer advanced $38,000 to us for working capital purposes.

NOTE 12 – SUBSEQUENT EVENTS

Subsequent to September 30, 2023,

We issued 87 shares of Series D Preferred Stock for cash proceeds of $174,000.

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

The following discussion should be read in conjunction with the unaudited condensed consolidated financial statements and notes to our financial statements included elsewhere in this report. This discussion contains forward-looking statements that involve risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors discussed elsewhere in this report.

Certain information included herein contains statements that may be considered forward-looking statements such as statements relating to our anticipated revenues, gross margins and operating results, estimates used in the preparation of our financial statements, future performance and operations, plans for future expansion, capital spending, sources of liquidity, and financing sources. Forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ from those expressed in any forward-looking statements made herein. These risks and uncertainties include those relating to our liquidity requirements; the continued growth of our industry; the success of marketing and sales activity; the dependence on existing management; the availability and cost of substantial amounts of project capital; leverage and debt service (including sensitivity to fluctuations in interest rates); domestic and global economic conditions; the inherent uncertainty and costs of prolonged arbitration or litigation; and changes in federal or state tax laws or the administration of such laws.

Overview

We develop projects for renewable power generation, desalinated water production, and air conditioning using our proprietary technologies designed to extract energy from the temperature differences between warm surface water and cold deep water. In addition, our projects provide ancillary products such as potable/bottled water and high-profit aquaculture, mariculture, and agriculture opportunities.

We currently have no source of revenue, so as we continue to incur costs, we are dependent on external funding for operations. We cannot assure that such funding will be available or, if available, can be obtained on acceptable or favorable terms.

Our operating expenses consist principally of expenses associated with the development of our projects until we determine that a particular project is feasible. Salaries and wages consist primarily of employee salaries and wages, payroll taxes, and health insurance. Our professional fees are related to consulting, engineering, legal, investor relations, outside accounting, and auditing expenses. General and administrative expenses include travel, insurance, rent, marketing, and miscellaneous office expenses. The interest expense includes interest and discounts related to our loans and notes payable.

Agreement to Sell Subsidiary

On August 25, 2022, we entered into a Stock Purchase Agreement to sell OCEES International, Inc., our wholly owned subsidiary (“OCEES”), to Epaphus Global Energy, LLC (“Epaphus”). Epaphus is controlled by Jeremy Feakins, our chief executive officer and a director. The transaction was approved unanimously by our directors who do not have an interest in the transaction.

In exchange for the sale of OCEES, we will receive:

	·	$1,000,000 in the form of canceled amounts owed by us to certain individuals, including Mr. Feakins, who have assigned their right to receive those payments to Epaphus;

	·	$75,000 in cash per month for 12 months following the date of the purchase agreement; and

	·	70% of the net profit of any currently contemplated project to build an ocean thermal energy conversion power plant entered into by OCEES.

Because the purchase agreement had not closed as of September 30, 2023, or through the date of filing of this report, the transaction has not been reflected in our financial statements at September 30, 2023.

Results of Operations

Comparison of Three Months Ended September 30, 2023 and 2022

We had no revenue in the three months ended September 30, 2023 and 2022.

During the three months ended September 30, 2023, we had salaries and compensation of $221,498, compared to salaries and compensation of $202,833 during the same three-month period for 2022, an increase of 9.2%.

During the three months ended September 30, 2023 and 2022, we recorded professional fees of $147,689 and $148,990, respectively, a decrease of 0.9%. Decreases in legal fees were partially offset by increases in accounting and consulting fees. Accounting fees increased during the period due to the timing of the audit and reviews of our financial statements.

We incurred general and administrative expenses of $32,361 during the three months ended September 30, 2023, compared to $38,367 for the same three-month period for 2022, a decrease of 15.7%. A decrease in rent expense was partially offset by increases in travel and other corporate expenses.

Our interest expense was $558,753 for the three months ended September 30, 2023, compared to $462,514 for the same period for 2022, an increase of 20.8%. This change was due to an increase in debt and higher interest rates on defaulted notes.

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Our debt discount amortization was $22,332 for the three months ended September 30, 2023, compared to $52,513 for the same period of the previous year. The decrease of 57.5% is due to full amortization of discount on debt that became due during the periods. There was an increase in the fair value of the derivative liability of $334,752,682 during the three months ended September 30, 2023, compared to a $1,551,657 increase for the 2022 period, the increase in 2023 resulting primarily from a sharp drop in the market value of our common stock during the current period, along with an increase in derivative related debt. There was no gain on the conversion of debt during the three months ended September 30, 2023, as compared to $16,263 in the same period of 2022.

Comparison of Nine Months Ended September 30, 2023 and 2022

We had no revenue in the nine months ended September 30, 2023 and 2022.

We had miscellaneous services income of $12,000 during the nine months ended September 30, 2023, with no income in the 2022 period.

During the nine months ended September 30, 2023, we had salaries and compensation of $665,575, compared to salaries and compensation of $613,096 during the same nine-month period for 2022, an increase of 8.6%.

During the nine months ended September 30, 2023 and 2022, we recorded professional fees of $344,366 and $423,418, respectively, a decrease of 18.7%. During the first nine months of 2023, our legal fees were less due to decreased expense related to the continuing Memphis litigation issues.

We incurred general and administrative expenses of $118,034 during the nine months ended September 30, 2023, compared to $130,019 for the same nine-month period for 2022, a decrease of 9.2%. A decrease in rent expense was partially offset by increases in travel and other corporate expenses.

Our interest expense was $1,609,876 for the nine months ended September 30, 2023, compared to $1,344,836 for the same period for 2022, an increase of 19.7%. This change was due to an increase in debt and higher interest rates on defaulted notes.

Our debt discount amortization was $88,301 for the nine months ended September 30, 2023, compared to $176,829 for the same period of the previous year. The decrease of 50.1% is due to full amortization of discount on debt that became due during the periods. There was an increase in the fair value of the derivative liability of $336,141,902 during the nine months ended September 30, 2023, compared to a $3,374,400 increase for the 2022 period, the increase in 2023 resulting primarily from a sharp drop in the market value of our common stock during the current period, along with an increase in derivative related debt. There was a gain of $22 on the conversion of debt during the nine months ended September 30, 2023, as compared to $51,862 in the same period of 2022.

Liquidity and Capital Resources

At September 30, 2023, our principal source of liquidity consisted of $65,187 of cash, as compared to $1,404 of cash at December 31, 2022. At September 30, 2023, we had negative working capital (current assets minus current liabilities) of approximately $373 million, which includes a derivative liability of approximately $343 million. In addition, our stockholders’ deficiency was approximately $373 million at September 30, 2023, compared to stockholders” deficiency of $36,199,026 at December 31, 2022, an increase in the deficiency of approximately $337 million, resulting from a loss of approximately $339 million for the nine-month period ($336 million of which was from the change in value of our derivative liability), partially offset by an increase in equity resulting from the issuance of preferred stock in the amount of $1,674,000. We are focusing our efforts on promoting and marketing our technology by developing and executing contracts. We are exploring external funding alternatives, as our current cash is insufficient to fund operations for the next 12 months.

Our operations used net cash of $546,995 during the nine months ended September 30, 2023, as compared to using net cash of $301,643 during the nine months ended September 30, 2022, an increase of 81.3%. The increase in net cash used in operations is due to the overall increase in net loss of approximately $333 million and the change in accounts payable and accrued expenses of $0.03 million, partially offset by the increase in the change in the fair value of derivative liability and other noncash items of $333 million, as compared to the 2022 period.

Financing activities provided cash of $610,778 for our operations during the nine months ended September 30, 2023, as compared to $308,000 for the nine months ended September 30, 2022. During the nine months ended September 30, 2023, we received $612,000 in proceeds from the sale of preferred stock, and we received $270,000 from the sale of preferred stock in the 2022 period. Repayments of notes payable were $5,200 for the 2023 period. We also received working capital advances from related parties of $3,978 during the nine months ended September 30, 2023, and received $38,000 of advances in the 2022 period.

The accompanying unaudited condensed consolidated financial statements have been prepared on the assumption that we will continue as a going concern. We have experienced recurring losses and we had a net loss of approximately $339 million and used $546,995 of cash in operating activities for the nine months ended September 30, 2023. We had a working capital deficiency of approximately $373 million and a stockholders’ deficiency of approximately $373 million as of September 30, 2023. These factors raise substantial doubt about our ability to continue as a going concern. Our ability to continue as a going concern is dependent on our ability to generate sales and obtain external funding for our projects under development. We continue to apply for grant funding from the U.S. Department of Energy. Our applications focus on desalinated water, ammonia, and hydrogen production from an OTEC facility. On March 11, 2022, President Biden signed a bill that provides $162 million for Water Power Technologies Office budget. About $112 million of that money is slated for marine energy. We plan to apply for funding to support projects where our technology would apply. The financial statements do not include any adjustments that may result from the outcome of this uncertainty.

We have no significant contractual obligations or commercial commitments not reflected on our balance sheet as of the date of this report.

Recent Accounting Pronouncements

Information concerning recently issued accounting pronouncements is set forth in Note 2 of our notes to unaudited condensed consolidated financial statements appearing elsewhere in this report.

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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 that are designed to ensure that information required to be disclosed by us, in the reports that we file or submit to the SEC under the Exchange Act, is recorded, processed, summarized, and reported within the periods specified by the SEC’s rules and forms and that information is accumulated and communicated to our management, including our principal executive and principal financial officer (whom we refer to in this periodic report as our Certifying Officer), as appropriate to allow timely decisions regarding required disclosure. Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Our management evaluated, with the participation of our Certifying Officer, the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) as of September 30, 2023, pursuant to Rule 13a-15(b) under the Exchange Act. Based upon that evaluation, our Certifying Officer concluded that, as of September 30, 2023, our disclosure controls and procedures were not effective to provide reasonable assurance because certain deficiencies involving internal controls constituted material weaknesses. The material weaknesses identified did not result in the restatement of any previously reported financial statements or any other related financial disclosure, and management does not believe that the material weaknesses had any effect on the accuracy of our financial statements for the current reporting period.

Limitations on Effectiveness of Controls

A system of controls, however well designed and operated, can provide only reasonable, and not absolute, assurance that the system will meet its objectives. The design of a control system is based, in part, upon the benefits of the control system relative to its costs. Control systems can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control. In addition, over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Also, the design of any control system is based in part upon assumptions about the likelihood of future events.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting that occurred during the fiscal quarter ended September 30, 2023, that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II-OTHER INFORMATION

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES, USE OF PROCEEDS, AND ISSUER PURCHASES OF EQUITY SECURITIES

During the three months ended September 30, 2023, we issued 131 shares of preferred stock for the cash proceeds of $262,000.

These securities were issued in reliance on the exemption from registration provided in Section 4(a)(2) of the Securities Act of 1933, as amended, for transactions not involving any public offering. The investor is an “accredited investor,” as that term is defined in Rule 501(a) of Regulation D, and confirmed the foregoing and acknowledged, in writing, that the securities were acquired and will be held for investment. No underwriter participated in the offer and sale of these securities, and no commission or other remuneration was paid or given directly or indirectly in connection therewith.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

On December 1, 2007, we borrowed funds from the Eastern Idaho Development Corporation (the EIDC loan). The interest rate is 7%, and the maturity date was September 1, 2015. The loan principal is $85,821 and the accrued interest is $68,350 as of September 30, 2023. This note is in default.

On September 25, 2009, we borrowed funds from the Pocatello Development Authority. The interest rate is 5%, and the maturity date was October 25, 2011. The loan principal is $50,000 and the accrued interest is $32,782 as of September 30, 2023. This note is in default.

On December 23, 2009, we borrowed funds from SICOG (EDA-#273 loan). The interest rate is 7%, and the maturity date was December 23, 2014. The loan principal is $79,075 and the accrued interest is $38,898 as of September 30, 2023. This note is in default.

On December 23, 2009, we borrowed funds from SICOG (MICRO I-#274 loan). The interest rate is 7%, and the maturity date was December 23, 2014. The loan principal is $21,678 and the accrued interest is $9,183 as of September 30, 2023. This note is in default.

On December 23, 2009, we borrowed funds from SICOG (MICRO II-#275 loan). The interest rate is 7%, and the maturity date was December 23, 2014. The loan principal is $21,668 and the accrued interest is $10,865 as of September 30, 2023. This note is in default.

During 2012, we issued a note payable for $1,000,000. The note had an interest rate of 10% per annum, was secured by a first lien in all of our assets, and was due on February 3, 2015. On March 6, 2018, the note was amended to extend the due date to December 31, 2018. On March 29, 2019, the maturity date of the note was extended to December 31, 2019. As of September 30, 2023, the outstanding note balance was $1,000,000, plus accrued interest of $1,118,615. This note is in default.

During 2013, we issued a note payable for $290,000 in connection with the reverse merger transaction with Broadband Network Affiliates, Inc. We have determined that no further payment of principal or interest on this note should be made because the note holder failed to perform his underlying obligations giving rise to this note. As described in Note 7, the note holder filed suit on May 21, 2019, and we remain confident that the court will decide in our favor by either voiding the note or awarding damages sufficient to offset the note value. As of September 30, 2023, the note balance outstanding was $130,000, and the accrued interest as of that date was $100,951. This note is in default.

On January 18, 2018, Jeremy P. Feakins & Associates, LLC, an investment entity owned by our chief executive, chief financial officer, and a director, agreed to extend the due date for repayment of a $2,265,000 note issued in 2014 to the earlier of December 31, 2018, or the date of the financial closings of our Baha Mar project (or any other project of $25 million or more), whichever occurs first. In January 2023 we issued 500 shares of preferred stock upon conversion of $35,303 of principal and $964,697 of accrued interest. As of September 30, 2023, the note balance was $1,067,197 and the accrued interest was $80,929. This note is in default.

During 2014, we issued notes payable of $300,000. Accrued interest totaled $564,945 as of September 30, 2023. As of September 30, 2023, the notes are in default. We intend to repay the notes and accrued interest upon the project’s financial closing.

We have a $50,000 promissory note with an unaffiliated investor that was payable on April 7, 2019. The note and accrued interest can be converted into our common stock at a conversion rate of $0.75 per share at any time prior to the repayment. This conversion price is not required to adjust for the reverse stock split as per the note agreement. Accrued interest totaled $43,000 as of September 30, 2023. As of the date of this report, the note is in default.

During the third quarter of 2017, we completed a $2,000,000 convertible promissory note private placement offering. The terms of the note are as follows: (i) interest is payable at 6% per annum; (ii) payable two years after purchase; and (iii) all principal and interest on each note automatically converts on the conversion maturity date into shares of our common stock at a conversion price of $4.00 per share, as long as the closing share price of our common stock on the trading day immediately preceding the conversion maturity date is at least $4.00, as adjusted for stock splits, stock dividends, reclassification, and the like. If the price of our shares on such date is less than $4.00 per share, the note (principal and interest) will be repaid in full. During the third quarter of 2019, $15,000 of the note was repaid. As of September 30, 2023, the outstanding balance of these notes was $65,000, plus accrued interest of $24,227. The notes are in default.

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On November 6, 2017, we entered into an agreement and promissory note with JPF Venture Group, Inc.., an investment entity owned by our chief executive, chief financial officer, and a director, to loan up to $2,000,000 to us. The terms of the note are as follows: (i) interest is payable at 10% per annum; (ii) all unpaid principal and all accrued and unpaid interest is due and payable at the earliest of a resolution of the Memphis litigation (as defined therein), December 31, 2018, or when we are otherwise able to pay. As of September 30, 2023, the outstanding note balance was $543,093 and the accrued interest was $350,610. This note is in default.

In December 2017, we entered into a series of unsecured promissory notes and warrant purchase agreements with accredited investors. These notes accrue interest at a rate of 10% per annum payable on a quarterly basis and are not convertible into shares of our capital stock. As of September 30, 2023, the balance of the notes outstanding was $859,156 and the accrued interest was $446,842. These notes are in default.

During the year ended December 31, 2018, we borrowed $482,222 from L2 Capital in five separate tranches. The interest rate is 8%, and the maturity dates are three months from the date of issue. The outstanding loan balance was $1,161,136, which includes the default penalty, and the accrued interest was $1,623,050 as of September 30, 2023. These notes are in default.

On December 14, 2018, L2 Capital LLC purchased our note payable from Collier Investments, LLC. The total consideration was $371,250, including the outstanding note balance of $281,250, the accrued interest of $33,750, and liquidated damages of $56,250. There was also a default penalty of $153,123. In addition, we issued 400,000 shares of common stock to L2 Capital, LLC as commitment shares with a fair value of $21,200 in connection with the purchase of the note. We executed a convertible note with L2 Capital in the amount of $371,250 with an interest rate of 12% per annum. The maturity date of the note was December 22, 2018. The holder of the note can convert the note, or any portion of it, into shares of common stock at any time after the issuance date. The conversion price is 65% of the market price, which is defined as the lowest trading price for our common stock during the 20-trading-day period prior to the conversion date. As of September 30, 2023, the outstanding note balance was $578,075, which includes a default penalty, and the accrued interest was $1,412,209. This note is in default.

On September 19, 2018, we executed a note payable for $10,000 with an unrelated party that bears interest at 6% per annum, which is due quarterly beginning as of September 30, 2018. The maturity date for the note was three years after date of issuance. In addition, the lender received warrants to purchase 2,000 shares of common stock upon signing the promissory note. The warrant can be exercised at a price per share equal to a 15% discount from the price of common stock on the last trading day before such purchase. As of September 30, 2023, the balance outstanding was $10,000 and the accrued interest was $3,062. We have defaulted in payment of the note principal and the quarterly interest payments.

On August 14, 2019, we executed a note payable for $26,200 with an unrelated party that bears interest at 8% per annum and has a maturity date of October 31, 2021. The note automatically converts into 1,310,000 shares of our common stock either at the time the closing sale price for our common stock is equal to or greater than $1.00 per share, as adjusted for stock splits, stock dividends, reclassification, and the like, or at the maturity date of October 31, 2021, whichever occurs first. As of September 30, 2023, the balance outstanding was $26,200, and the accrued interest was $10,623. This note is in default.

In 2019, we issued a series of convertible promissory notes to accredited investors that totaled $105,000. Of the amount received, $10,000 was from our chief executive officer and our independent director. The notes bear simple interest on outstanding principal at the rate of 8% per annum, computed based on the actual number of days elapsed in a year of 365 days. Each $5,000 loan automatically converts into 250,000 shares of our common stock, either at the time the closing sale price for our common stock is equal to or greater than $1.00 per share, as adjusted for stock splits, stock dividends, reclassification, and the like, or at the maturity date of October 31, 2021, whichever comes first. As of September 30, 2023, the total outstanding balances of all these loans are $40,000 and accrued interest was $12,619. These notes are in default.

In 2020 and 2019, we issued a series of convertible promissory notes to accredited investors aggregating $306,750. Of the amount received, $20,000 was from our chief executive officer and an independent director. The notes bear simple interest on outstanding principal at the rate of 8% per annum, computed based on the actual number of days elapsed in a year of 365 days. Each $5,000 loan automatically converts into 250,000 shares of our common stock, either at the time the closing sale price for our common stock is equal to or greater than $1.00 per share, as adjusted for stock splits, stock dividends, reclassification, and the like, or at the maturity date of January 2, 2022, whichever comes first. As September 30, 2023, the total outstanding balance of these loans was $225,000 and accrued interest was $66,069. These notes are in default.

In 2020, we issued a series of convertible promissory notes to accredited investors, which totaled $15,000. The notes bear simple interest on outstanding principal at the rate of 8% per annum, computed based on the actual number of days elapsed in a year of 365 days. Each $5,000 loan automatically converts into 250,000 shares of our common stock, either at the time the closing sale price for our common stock is equal to or greater than $1.00 per share, as adjusted for stock splits, stock dividends, reclassification, and the like, or at the maturity date of May 12, 2022, whichever comes first. As of September 30, 2023, the total outstanding value of these loans was $15,000 and accrued interest was $3,899. These notes are in default.

In 2021 and 2020, we issued a series of convertible promissory notes to accredited investors aggregating $170,000. The notes bear simple interest on outstanding principal at the rate of 8% per annum, computed based on the actual number of days elapsed in a year of 365 days. Each $5,000 loan automatically converts into 250,000 shares of our common stock, either at the time the closing sale price for our common stock is equal to or greater than $1.00 per share, as adjusted for stock splits, stock dividends, reclassification, and the like, or at the maturity date of September 1, 2022, whichever comes first. As September 30, 2023, the total outstanding balance of these loans was $155,000 and accrued interest was $31,780. These notes are in default.

In 2021, we issued a series of convertible promissory notes to accredited investors aggregating $285,000. The notes bear simple interest on outstanding principal at the rate of 8% per annum, computed based on the actual number of days elapsed in a year of 365 days. Each $5,000 loan automatically converts into 250,000 shares of our common stock, either at the time the closing sale price for our common stock is equal to or greater than $1.00 per share, as adjusted for stock splits, stock dividends, reclassification, and the like, or at the maturity date of August 30, 2023, whichever comes first. As September 30, 2023, the total outstanding balance of these loans was $280,000 and accrued interest was $48,299. These notes are in default.

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ITEM 6. EXHIBITS

The following exhibits are filed as a part of this report:

Exhibit Number*	Title of Document	Location

Item 3	Articles of Incorporation and Bylaws
3.08	Certificate of Amendment to Designation (Series D Convertible Preferred Stock) filed June 12, 2023.	Incorporated by reference from the Current Report on Form 8-K filed June 15, 2023.

Item 31	Rule 13a-14(a)/15d-14(a) Certifications
31.1	Certification of Principal Executive Officer Pursuant to Rule 13a-14	This filing.
31.2	Certification of Principal Financial Officer Pursuant to Rule 13a-14	This filing.

Item 32	Section 1350 Certifications
32.1	Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	This filing.
32.2	Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	This filing.

Item 101**	Interactive Data File
101.INS	XBRL Instance Document	This filing.
101.SCH	XBRL Taxonomy Extension Schema	This filing.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase	This filing.
101.DEF	XBRL Taxonomy Extension Definition Linkbase	This filing.
101.LAB	XBRL Taxonomy Extension Label Linkbase	This filing.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase	This filing.

All exhibits are numbered with the number preceding the decimal indicating the applicable SEC reference number in Item 601 and the number following the decimal indicating the sequence of the particular document.

The XBRL related information in Exhibit 101 will not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that section and will not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as is expressly set forth by specific reference in such filing or document.

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SIGNATURE

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.

	OCEAN THERMAL ENERGY CORPORATION

Date: November 14, 2023	By:	/s/ Jeremy P. Feakins
		Jeremy P. Feakins
		Chief Executive Officer and Chief Financial Officer
		(Principal Executive and Financial Officer)

nullnullnullnull

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2023	Nov. 10, 2023
Cover [Abstract]
Entity Registrant Name	OCEAN THERMAL ENERGY CORPORATION
Entity Central Index Key	0000827099
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Sep. 30, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		184,370,469
Entity File Number	033-19411-C
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	20-5081381
Entity Address Address Line 1	3675 Market Street
Entity Address Address Line 2	Suite 200
Entity Address City Or Town	Philadelphia
Entity Address State Or Province	PA
Entity Address Postal Zip Code	19104
City Area Code	717
Local Phone Number	299-1344
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current Assets
Cash	$ 65,187	$ 1,404
Prepaid expenses	5,000	5,000
Total Current Assets	70,187	6,404
Total Assets	70,187	6,404
Current Liabilities
Accounts payable and accrued expense	21,719,371	20,517,881
Notes payable - related party	2,294,170	2,329,473
Convertible notes payable - related party, net	117,261	114,721
Notes payable	3,650,731	3,655,932
Convertible note payable, net	2,570,412	2,531,401
Advances payable - related party, net	61,738	57,760
Derivative liability	343,137,562	6,998,262
Total Current Liabilities	373,551,245	36,205,430
Total Liabilities	373,551,245	36,205,430
Commitments and contingencies (See Note 8)	0	0
Stockholders' deficiency
Common stock, $0.001 par value; 200,000,000 shares authorized, 184,370,469 and 184,370,469 shares issued and outstanding, respectively	184,371	184,371
Additional paid-in capital	61,784,401	60,110,402
Accumulated deficit	(435,452,650)	(96,496,618)
Total Stockholders' Deficiency	(373,481,058)	(36,199,026)
Total Liabilities and Stockholders' Deficiency	70,187	6,404
Preferred Stock, Series D
Stockholders' deficiency
Preferred Stock, value	1	0
Preferred Stock, Series B
Stockholders' deficiency
Preferred Stock, value	519	519
Preferred Stock, Series C
Stockholders' deficiency
Preferred Stock, value	$ 2,300	$ 2,300

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Common Stock, Par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares Issued	184,370,469	184,370,469
Common Stock, Shares Outstanding	184,370,469	184,370,469
Preferred Stock, Series D
Preferred Stock, Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	1,400	1,400
Preferred Stock, Shares Issued	1,115	278
Preferred Stock, Shares Outstanding	1,115	278
Preferred Stock, Series C
Preferred Stock, Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	2,700,000	2,700,000
Preferred Stock, Shares Issued	2,300,000	2,300,000
Preferred Stock, Shares Outstanding	2,300,000	2,300,000
Preferred Stock, Series B
Preferred Stock, Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	1,250,000	1,250,000
Preferred Stock, Shares Issued	518,750	518,750
Preferred Stock, Shares Outstanding	518,750	518,750

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Operating Expenses
Salaries and compensation	$ 221,498	$ 202,833	$ 665,575	$ 613,096
Professional fees	147,689	148,990	344,366	423,418
General and administrative	32,361	38,367	118,034	130,019
Total Operating Expenses	401,548	390,190	1,127,975	1,166,533
Loss from Operations	(401,548)	(390,190)	(1,127,975)	(1,166,533)
Other Income (Expenses)
Service income	0	0	12,000	0
Interest expense, net	(558,753)	(462,514)	(1,609,876)	(1,344,836)
Amortization of debt discount	(22,332)	(52,513)	(88,301)	(176,829)
Change in FV of derivative liability	(334,752,682)	(1,551,657)	(336,141,902)	(3,374,400)
Gain on conversion of debt	0	16,263	22	51,862
Total Other Income (Expense)	(335,333,767)	(2,050,421)	(337,828,057)	(4,844,203)
Loss Before Income Taxes	(335,735,315)	(2,440,611)	(338,956,032)	(6,010,736)
Provision for Income Taxes	0	0	0	0
Net Loss	$ (335,735,315)	$ (2,440,611)	$ (338,956,032)	$ (6,010,736)
Net Loss per Common Share - Basic and diluted	$ (1.82)	$ (0.01)	$ (1.84)	$ (0.03)
Weighted Average Number of Common Shares Outstanding - Basic and diluted	184,370,469	180,566,121	184,370,469	177,136,037

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS DEFICIENCY (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Balance, amount	$ (38,007,743)	$ (32,932,049)	$ (36,199,026)	$ (30,027,924)
Series D Preferred Stock issued for cash, amount	262,000		612,000	270,000
Series D Preferred Stock issued for conversion of notes and interest, amount			1,062,000	286,000
Common Stock issued for conversions of notes payable, amount		75,000		185,000
Net Loss	(335,735,315)	(2,440,611)	(338,956,032)	(6,010,736)
Balance, amount	$ (373,481,058)	$ (35,297,660)	$ (373,481,058)	$ (35,297,660)
Preferred Stock
Balance, shares	2,819,734	2,819,028	2,819,028	2,818,750
Balance, amount	$ 2,820	$ 2,819	$ 2,819	$ 2,819
Series D Preferred Stock issued for cash, shares	131		306	135
Series D Preferred Stock issued for cash, amount	$ 0		$ 0	$ 0
Series D Preferred Stock issued for conversion of notes and interest, shares			531	143
Series D Preferred Stock issued for conversion of notes and interest, amount			$ 1	$ 0
Common Stock issued for conversions of notes payable, amount		0		0
Net Loss	$ 0	$ 0	$ 0	$ 0
Balance, shares	2,819,865	2,819,028	2,819,865	2,819,028
Balance, amount	$ 2,820	$ 2,819	$ 2,820	$ 2,819
Common Stock
Balance, shares	184,370,469	179,370,469	184,370,469	174,370,469
Balance, amount	$ 184,371	$ 179,371	$ 184,371	$ 174,371
Series D Preferred Stock issued for cash, amount	0		0	0
Series D Preferred Stock issued for conversion of notes and interest, amount			0	$ 0
Common Stock issued for conversions of notes payable, shares		5,000,000		10,000,000
Common Stock issued for conversions of notes payable, amount		$ 5,000		$ 10,000
Net Loss	$ 0	$ 0	$ 0	$ 0
Balance, shares	184,370,469	184,370,469	184,370,469	184,370,469
Balance, amount	$ 184,371	$ 184,371	$ 184,371	$ 184,371
Additional Paid-In Capital
Balance, amount	61,522,401	60,040,402	60,110,402	59,379,402
Series D Preferred Stock issued for cash, amount	262,000		612,000	270,000
Series D Preferred Stock issued for conversion of notes and interest, amount			1,061,999	286,000
Common Stock issued for conversions of notes payable, amount		70,000		175,000
Net Loss	0	0	0	0
Balance, amount	61,784,401	60,110,402	61,784,401	60,110,402
Accumulated Deficit
Balance, amount	(99,717,335)	(93,154,641)	(96,496,618)	(89,584,516)
Series D Preferred Stock issued for cash, amount	0		0	0
Series D Preferred Stock issued for conversion of notes and interest, amount			0	0
Common Stock issued for conversions of notes payable, amount		0		0
Net Loss	(335,735,315)	(2,440,611)	(338,956,032)	(6,010,736)
Balance, amount	$ (435,452,650)	$ (95,595,252)	$ (435,452,650)	$ (95,595,252)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash Flows From Operating Activities:
Net loss	$ (338,956,032)	$ (6,010,736)
Adjustments to reconcile net loss to net cash used in operating activities:
Change in fair value of derivative liability	336,141,902	3,374,400
Amortization of debt discount	88,301	176,829
Gain on conversion of debt	(22)	(51,862)
Changes in assets and liabilities:
Accounts payable and accrued expenses	2,178,856	2,209,726
Net Cash Used In Operating Activities	(546,995)	(301,643)
Cash Flows From Financing Activities:
Advances from related parties	3,978	38,000
Repayment of notes payable	(5,200)	0
Proceeds from sale of preferred stock	612,000	270,000
Net Cash Provided by Financing Activities	610,778	308,000
Net increase (decrease) in cash	63,783	6,357
Cash at beginning of period	1,404	957
Cash at End of Period	65,187	7,314
Supplemental disclosure of cash flow information
Cash paid for interest expense	3,740	15,440
Cash paid for income taxes	0	0
Supplemental disclosure of non-cash investing and financing activities:
Preferred stock issued for conversion of notes and accrued interest	1,062,000	286,000
Common stock issued for conversion of notes payable	0	185,000
Convertible notes payable and accrued interest converted into common stock	0	45,650
Convertible notes payable and accrued interest converted into preferred stock	59,420	100,945
Related party convertible notes payable and accrued interest converted into preferred stock	0	12,043
Related party note payable and accrued interest converted into preferred stock	1,000,000	0
Notes payable and accrued interest converted into preferred stock	0	168,138
Derivative liability extinguished upon conversion of note payable	$ 2,602	$ 196,086

NATURE OF BUSINESS AND BASIS OF PRESENTATION

9 Months Ended

Sep. 30, 2023

NATURE OF BUSINESS AND BASIS OF PRESENTATION

NATURE OF BUSINESS AND BASIS OF PRESENTATION

NOTE 1 – NATURE OF BUSINESS AND BASIS OF PRESENTATION

Ocean Thermal Energy Corporation is currently in the businesses of:

	·	*OTEC and SWAC/LSC*-designing ocean thermal energy conversion (“OTEC”) power plants and seawater air conditioning and lake water air conditioning (“SWAC/LSC”) plants for large commercial properties, utilities, and municipalities. These technologies provide practical solutions to mankind’s three oldest and most fundamental needs: clean drinking water, plentiful food, and sustainable, affordable energy without the use of fossil fuels. OTEC is a clean technology that continuously extracts energy from the temperature difference between warm surface ocean water and cold deep seawater. In addition to producing electricity, some of the seawater running through an OTEC plant can be efficiently desalinated using the power generated by the OTEC technology, producing thousands of cubic meters of fresh water every day for use in agriculture and human consumption in the communities served by its plants. This cold, deep, nutrient-rich water can also be used to cool buildings (SWAC/LSC) and for fish farming/aquaculture. In short, it is a technology with many benefits, and its versatility makes OTEC unique.

	·	*EcoVillages*-developing and commercializing our EcoVillages, as well as working to develop or acquire new complementary assets. EcoVillages are communities whose goal is to become more socially, economically, and ecologically sustainable and whose inhabitants seek to live according to ecological principles, causing as little impact on the environment as possible. We expect that our EcoVillage communities will range from a population of 50 to 150 individuals, although some may be smaller. We may also form larger EcoVillages, of up to 2,000 individuals, as networks of smaller subcommunities. We expect that our EcoVillages will grow by the addition of individuals, families, or other small groups. We expect to use our technology in the development of our EcoVillages, which should add significant value to this line of business.

Basis of Presentation

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Sep. 30, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

Agreement to Sell Subsidiary

In exchange for the sale of OCEES, we will receive:

	•	$1,000,000 in the form of canceled amounts owed by us to certain individuals, including Mr. Feakins, who have assigned their right to receive those payments to Epaphus;
	•	$75,000 in cash per month for 12 months following the date of the purchase agreement; and
	•	70% of the net profit of any currently contemplated project to build an ocean thermal energy conversion power plant entered into by OCEES.

Because the purchase agreement had not closed as of September 30, 2023, or through the date of filing of this report, it has not been reflected in these financial statements.

Use of Estimates

Cash and Cash Equivalents

Business Segments

We operate in one segment and, therefore, segment information is not presented.

Fair Value

	·	Level 1-Pricing inputs are quoted prices available in active markets for identical assets or liabilities as of the reporting date.
	·	Level 2-Pricing inputs are quoted for similar assets or inputs that are observable, either directly or indirectly, for substantially the full term through corroboration with observable market data. Level 2 includes assets or liabilities valued at quoted prices adjusted for legal or contractual restrictions specific to these investments.
	·	Level 3-Pricing inputs are unobservable for the assets or liabilities; that is, the inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability.

We accounted for derivative liability at fair value on a recurring basis under Level 3 at September 30, 2023, and December 31, 2022 (see Note 5).

Concentrations

Loss per Share

The following potentially dilutive securities have been excluded from the computation of diluted weighted average shares outstanding as of September 30, 2023 and 2022, as they would be anti-dilutive:

	Nine Months Ended September 30,
	2023		2022
Shares underlying warrants outstanding		16,500		125,073
Shares underlying convertible notes outstanding		24,528,160,203		648,510,042
Shares underlying convertible preferred stock outstanding		16,687,500		16,687,500
		24,544,864,203		665,322,615

Recent Accounting Pronouncements

GOING CONCERN

9 Months Ended

Sep. 30, 2023

GOING CONCERN

GOING CONCERN

NOTE 3 – GOING CONCERN

CONVERTIBLE NOTES AND NOTES PAYABLE

9 Months Ended

Sep. 30, 2023

CONVERTIBLE NOTES AND NOTES PAYABLE

CONVERTIBLE NOTES AND NOTES PAYABLE

NOTE 4 – CONVERTIBLE NOTES AND NOTES PAYABLE

During the nine months ended September 30, 2023, $35,303 of related party notes and $964,697 of related accrued interest were converted into 500 shares of Series D Preferred Stock.

During the nine months ended September 30, 2023, $46,750 of notes and $12,670 of related accrued interest were converted into 31 shares of Series D Preferred Stock.

During the nine months ended September 30, 2022, $215,000 of notes and $66,126 of related accrued interest were converted into 143 shares of Series D Preferred Stock.

During the nine months ended September 30, 2022, $45,650 of notes were converted into 10,000,000 shares of common stock.

The following convertible notes and notes payable were outstanding at September 30, 2023:

Date of	Maturity	Interest			In	Original		Principal at September 30,		Discount at September 30,		Carrying Amount at September 30,		Related Party				Non Related Party
Issuance	Date	Rate			Default	Principal		2023		2023		2023		Current		Long-Term		Current		Long-Term
12/01/07	09/01/15		7.00	%	Yes		125,000		85,821		-		85,821		-		-		85,821		-
09/25/09	10/25/11		5.00	%	Yes		50,000		50,000		-		50,000		-		-		50,000		-
12/23/09	12/23/14		7.00	%	Yes		100,000		79,075		-		79,075		-		-		79,075		-
12/23/09	12/23/14		7.00	%	Yes		25,000		21,678		-		21,678		-		-		21,678		-
12/23/09	12/23/14		7.00	%	Yes		25,000		21,668		-		21,668		-		-		21,668		-
02/03/12	12/31/19		10.00	%	Yes		1,000,000		1,000,000		-		1,000,000		-		-		1,000,000		-
08/15/13	10/31/23		10.00	%	No		158,334		158,334		-		158,334		-		-		158,334		-
12/31/13	12/31/15		8.00	%	Yes		290,000		130,000		-		130,000		-		-		130,000		-
04/01/14	12/31/18		10.00	%	Yes		2,265,000		1,067,197		-		1,067,197		1,067,197		-		-		-
12/22/14	03/31/15		22.00	%*	Yes		200,000		200,000		-		200,000		-		-		200,000		-
12/26/14	12/26/15		22.00	%*	Yes		100,000		100,000		-		100,000		-		-		100,000		-
03/12/15	(1)		6.00	%	No		394,380		394,380		-		394,380		394,380		-		-		-
04/07/15	04/07/18		10.00	%	Yes		50,000		50,000		-		50,000		-		-		50,000		-
11/23/15	(1)		6.00	%	No		50,000		50,000		-		50,000		50,000		-		-		-
02/25/16	(1)		6.00	%	No		50,000		50,000		-		50,000		50,000		-		-		-
05/20/16	(1)		6.00	%	No		50,000		50,000		-		50,000		50,000		-		-		-
10/20/16	(1)		6.00	%	No		37,500		12,500		-		12,500		12,500		-		-		-
10/20/16	(1)		6.00	%	No		12,500		12,500		-		12,500		12,500		-		-		-
12/21/16	(1)		6.00	%	No		25,000		25,000		-		25,000		25,000		-		-		-
03/09/17	(1)		10.00	%	No		200,000		177,000		-		177,000		177,000		-		-		-
07/13/17	07/13/19		6.00	%	Yes		25,000		25,000		-		25,000		-		-		25,000		-
07/18/17	07/18/19		6.00	%	Yes		25,000		25,000		-		25,000		-		-		25,000		-
07/26/17	07/26/19		6.00	%	Yes		15,000		15,000		-		15,000		-		-		15,000		-
12/20/17	(2)		10.00	%	Yes		979,156		859,156		-		859,156		-		-		859,156		-
11/06/17	12/31/18		10.00	%	Yes		646,568		543,093		-		543,093		543,093		-		-		-
02/19/18	(3)		18.00	%*	Yes		629,451		1,161,136		-		1,161,136		-		-		1,161,136		-
09/19/18	09/28/21		6.00	%	Yes		10,000		10,000		-		10,000		-		-		10,000		-
12/14/18	12/22/18		24.00	%*	Yes		474,759		578,075		-		578,075		-		-		578,075		-
01/02/19	(4)		17.00	%	No		310,000		310,000		-		310,000		-		-		310,000		-
08/14/19	10/31/2021		8.00	%	Yes		26,200		26,200		-		26,200		-		-		26,200		-
(5)	10/31/2021		8.00	%	Yes		105,000		40,000		-		40,000		5,000		-		35,000		-
(6)	01/02/22		8.00	%	Yes		296,750		225,000		-		225,000		15,000		-		210,000		-
(8)	05/12/22		8.00	%	Yes		15,000		15,000		-		15,000		-		-		15,000		-
(9)	09/01/22		8.00	%	Yes		170,000		155,000		-		155,000		-		-		155,000		-
(10)	08/30/23		8.00	%	No		285,000		280,000		-		280,000		5,000		-		275,000		-
(11)	11/30/23		8.00	%	No		5,000		5,000		239		4,761		4,761		-		-		-
(7)	(7)		10.00	%	No		625,000		625,000		-		625,000		-		-		625,000		-
						$	9,850,598	$	8,632,813	$	239	$	8,632,574	$	2,411,431	$	-	$	6,221,143	$	-

(1)	Maturity date is 90 days after demand.
(2)	Bridge loans were issued at dates between December 2017 and May 2018. Principal is due on the earlier of 18 months from the anniversary date or the completion of L2 Capital financing with gross proceeds of a minimum of $1.5 million.
(3)	L2 Capital note was drawn down in five tranches between 02/16/18 and 05/02/18.
(4)	Loans were issued from 01/02/19 to 03/23/19. Principal and interest are due when funds are received from the litigation between Ocean Thermal Energy Corporation vs. Robert Coe, et al.
(5)	Notes were issued between 10/14/19 and 11/05/19. The notes bear an interest rate of 8% and mature 10/31/21. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(6)	Notes were issued between 12/09/19 and 11/25/20. The notes bear an interest rate of 8% and mature 01/02/22. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(7)	Notes were issued between 11/02/20 and 03/18/21. The notes bear an interest rate of 10%. Repayment will be made as follows: (i) the principal and interest within five business days following our receipt of $25.5 million from the Robert Coe, et al Phase One Litigation; and (ii) the additional payment within five business days following our actual receipt of any funds from the Robert Coe, et al., Phase Two Litigation, less legal fees accrued up to that date. Payment will be made as such funds are actually received by us and after deductions of accrued legal fees up to that date.
(8)	Notes were issued between 05/14/20 and 08/11/20. The notes bear an interest rate of 8% and mature 05/12/22. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(9)	Notes were issued in November 2020 and during the first two quarters of 2021. The notes bear an interest rate of 8% and mature 09/01/22. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(10)	Notes were issued during the third quarter of 2021. The notes bear an interest rate of 8% and mature 08/30/23. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(11)	Note was issued during November of 2021. The note bears an interest rate of 8% and matures 11/30/23. It can be converted into 250,000 shares of common stock. It can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
*	Default interest rate.

The following convertible notes and notes payable were outstanding at December 31, 2022:

Date of	Maturity	Interest			In	Original		Principal at December 31,		Discount at December 31,		Carrying Amount at December 31,		Related Party				Non Related Party
Issuance	Date	Rate			Default	Principal		2022		2022		2022		Current		Long-Term		Current		Long-Term
12/01/07	09/01/15		7.00	%	Yes		125,000		85,821		-		85,821		-		-		85,821		-
09/25/09	10/25/11		5.00	%	Yes		50,000		50,000		-		50,000		-		-		50,000		-
12/23/09	12/23/14		7.00	%	Yes		100,000		83,166		-		83,166		-		-		83,166		-
12/23/09	12/23/14		7.00	%	Yes		25,000		22,233		-		22,233		-		-		22,233		-
12/23/09	12/23/14		7.00	%	Yes		25,000		22,223		-		22,223		-		-		22,223		-
02/03/12	12/31/19		10.00	%	Yes		1,000,000		1,000,000		-		1,000,000		-		-		1,000,000		-
08/15/13	10/31/23		10.00	%	No		158,334		158,334		-		158,334		-		-		158,334		-
12/31/13	12/31/15		8.00	%	Yes		290,000		130,000		-		130,000		-		-		130,000		-
04/01/14	12/31/18		10.00	%	Yes		2,265,000		1,102,500		-		1,102,500		1,102,500		-		-		-
12/22/14	03/31/15		22.00	%*	Yes		200,000		200,000		-		200,000		-		-		200,000		-
12/26/14	12/26/15		22.00	%*	Yes		100,000		100,000		-		100,000		-		-		100,000		-
03/12/15	(1)		6.00	%	No		394,380		394,380		-		394,380		394,380		-		-		-
04/07/15	04/07/18		10.00	%	Yes		50,000		50,000		-		50,000		-		-		50,000		-
11/23/15	(1)		6.00	%	No		50,000		50,000		-		50,000		50,000		-		-		-
02/25/16	(1)		6.00	%	No		50,000		50,000		-		50,000		50,000		-		-		-
05/20/16	(1)		6.00	%	No		50,000		50,000		-		50,000		50,000		-		-		-
10/20/16	(1)		6.00	%	No		37,500		12,500		-		12,500		12,500		-		-		-
10/20/16	(1)		6.00	%	No		12,500		12,500		-		12,500		12,500		-		-		-
12/21/16	(1)		6.00	%	No		25,000		25,000		-		25,000		25,000		-		-		-
03/09/17	(1)		10.00	%	No		200,000		177,000		-		177,000		177,000		-		-		-
07/13/17	07/13/19		6.00	%	Yes		25,000		25,000		-		25,000		-		-		25,000		-
07/18/17	07/18/19		6.00	%	Yes		25,000		25,000		-		25,000		-		-		25,000		-
07/26/17	07/26/19		6.00	%	Yes		15,000		15,000		-		15,000		-		-		15,000		-
12/20/17	(2)		10.00	%	Yes		979,156		859,156		-		859,156		-		-		859,156		-
11/06/17	12/31/18		10.00	%	Yes		646,568		543,093		-		543,093		543,093		-		-		-
02/19/18	(3)		18.00	%*	Yes		629,451		1,161,136		-		1,161,136		-		-		1,161,136		-
09/19/18	09/28/21		6.00	%	Yes		10,000		10,000		-		10,000		-		-		10,000		-
12/14/18	12/22/18		24.00	%*	Yes		474,759		578,075		-		578,075		-		-		578,075		-
01/02/19	(4)		17.00	%	No		310,000		310,000		-		310,000		-		-		310,000		-
08/14/19	10/31/2021		8.00	%	Yes		26,200		26,200		-		26,200		-		-		26,200		-
(5)	10/31/2021		8.00	%	Yes		105,000		75,000		-		75,000		5,000		-		70,000		-
(6)	01/02/22		8.00	%	Yes		296,750		231,750		-		231,750		15,000		-		216,750		-
(8)	05/12/22		8.00	%	Yes		15,000		15,000		-		15,000		-		-		15,000		-
(9)	09/01/22		8.00	%	Yes		170,000		155,000		-		155,000		-		-		155,000		-
(10)	08/30/23		8.00	%	No		285,000		285,000		87,233		197,767		3,528		-		194,239		-
(11)	11/30/23		8.00	%	No		5,000		5,000		1,307		3,693		3,693		-		-		-
(7)	(7)		10.00	%	No		625,000		625,000		-		625,000		-		-		625,000		-
						$	9,850,598	$	8,720,067	$	88,540	$	8,631,527	$	2,444,194	$	-	$	6,187,333	$	-

(1)	Maturity date is 90 days after demand.
(2)	Bridge loans were issued at dates between December 2017 and May 2018. Principal is due on the earlier of 18 months from the anniversary date or the completion of L2 Capital financing with gross proceeds of a minimum of $1.5 million.
(3)	L2 Capital note was drawn down in five tranches between 02/16/18 and 05/02/18.
(4)	Loans were issued from 01/02/19 to 03/23/19. Principal and interest are due when funds are received from the litigation between Ocean Thermal Energy Corporation vs. Robert Coe, et al.
(5)	Notes were issued between 10/14/19 and 11/05/19. The notes bear an interest rate of 8% and mature 10/31/21. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(6)	Notes were issued between 12/09/19 and 11/25/20. The notes bear an interest rate of 8% and mature 01/02/22. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(7)	Notes were issued between 11/02/20 and 03/18/21. The notes bear an interest rate of 10%. Repayment will be made as follows: (i) the principal and interest within five business days following our receipt of $25.5 million from the Robert Coe, et al., Phase One Litigation; and (ii) the additional payment within five business days following our actual receipt of any funds from the Robert Coe, et al., Phase Two Litigation, less legal fees accrued up to that date. Payment will be made as such funds are actually received by us and after deductions of accrued legal fees up to that date.
(8)	Notes were issued between 05/14/20 and 08/11/20. The notes bear an interest rate of 8% and mature 05/12/22. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(9)	Notes were issued in November 2020 and during the first two quarters of 2021. The notes bear an interest rate of 8% and mature 09/01/22. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(10)	Notes were issued during the third quarter of 2021. The notes bear an interest rate of 8% and mature 08/30/23. They can be converted into 250,000 shares of common stock. They can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
(11)	Note was issued during November of 2021. The note bears an interest rate of 8% and matures 11/30/23. It can be converted into 250,000 shares of common stock. It can be converted when the stock closing price reaches $1 or on the maturity, whichever occurs first.
*	Default interest rate.

DERIVATIVE LIABILITY

9 Months Ended

Sep. 30, 2023

DERIVATIVE LIABILITY

DERIVATIVE LIABILITY

NOTE 5 – DERIVATIVE LIABILITY

Fair Value

Quoted market prices

for identical

assets/liabilities

(Level 1)

Significant other

observable inputs

(Level 2)

Significant

unobservable inputs

(Level 3)

Derivative Liability, September 30, 2023

343,137,562

Derivative Liability, December 31, 2022

6,998,262

The reconciliation of the derivative liability for the nine months ended September 30, 2023 and 2022 is as follows:

	For the Nine Months Ended September 30,
	2023			2022
Derivative liability as of January 1	$	6,998,262		$	3,769,211
Addition to derivative instruments		-			-
Derivative liability extinguished upon conversion of notes payable		(2,602	)		(196,086	)
Change in fair value of derivative liability*		336,141,902			3,374,400
Derivative liability, as of September 30	$	343,137,562		$	6,947,525

	For the Nine Months Ended September 30,
	2023			2022
Expected dividends		0	%		0	%
Expected volatility	187%-994		%	184%-368		%
Risk free interest rate	4.64%-5.55		%	0.52%-4.05		%
Expected term (in years)	0.02– 1 years			0.25– 1.42 years

The fair value at the remeasurement date is equal to the carrying value on the balance sheet.

STOCKHOLDERS EQUITY

9 Months Ended

Sep. 30, 2023

Stockholders' deficiency

STOCKHOLDERS' EQUITY

NOTE 6 – STOCKHOLDERS’ EQUITY

Common Stock

There were no common stock transactions during the nine months ended September 30, 2023.

Preferred Stock

During the nine months ended September 30, 2023, we issued 306 shares of Series D Preferred Stock for cash proceeds of $612,000.

During the nine months ended September 30, 2023, we issued 500 shares of Series D Preferred Stock to a related party upon conversion of $35,303 of notes and $964,697 of related accrued interest.

During the nine months ended September 30, 2023, we issued 31 shares of Series D Preferred Stock upon conversion of $46,750 of notes and $12,670 of related accrued interest.

During the nine months ended September 30, 2022, we issued 135 shares of Series D Preferred Stock for cash proceeds of $270,000.

During the nine months ended September 30, 2022, we issued 143 shares of Series D Preferred Stock valued at $286,000 upon conversion of $215,000 of notes and $66,126 of related accrued interest.

COMMITMENTS AND CONTINGENCIES

9 Months Ended

Sep. 30, 2023

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

NOTE 7 – COMMITMENTS AND CONTINGENCIES

Commitments

Litigation

RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2023

RELATED PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS

NOTE 11 – RELATED-PARTY TRANSACTIONS

From time to time, we enter into loans and notes payable with related parties. Refer to Note 4 for details on notes payable and convertible notes payable to related parties.

Accrued interest on related-party notes was $856,436 and $1,656,757 at September 30, 2023, and December 31, 2022, respectively.

During the nine months ended September 30, 2023, we issued 500 shares of Series D Preferred Stock to a related party upon conversion of $35,303 of notes and $964,697 of related accrued interest.

During the nine months ended September 30, 2023, we received $3,978 in net working capital advances from related parties.

During the nine months ended September 30, 2022, entities controlled by our chief executive officer advanced $38,000 to us for working capital purposes.

SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2023

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 12 – SUBSEQUENT EVENTS

Subsequent to September 30, 2023,

We issued 87 shares of Series D Preferred Stock for cash proceeds of $174,000.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

9 Months Ended

Sep. 30, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles Of Consolidation

Agreement to Sell Subsidiary

In exchange for the sale of OCEES, we will receive:

	•	$1,000,000 in the form of canceled amounts owed by us to certain individuals, including Mr. Feakins, who have assigned their right to receive those payments to Epaphus;
	•	$75,000 in cash per month for 12 months following the date of the purchase agreement; and
	•	70% of the net profit of any currently contemplated project to build an ocean thermal energy conversion power plant entered into by OCEES.

Because the purchase agreement had not closed as of September 30, 2023, or through the date of filing of this report, it has not been reflected in these financial statements.

Use Of Estimates

Cash And Cash Equivalents

Business Segments

We operate in one segment and, therefore, segment information is not presented.

Fair Value

	·	Level 1-Pricing inputs are quoted prices available in active markets for identical assets or liabilities as of the reporting date.
	·	Level 2-Pricing inputs are quoted for similar assets or inputs that are observable, either directly or indirectly, for substantially the full term through corroboration with observable market data. Level 2 includes assets or liabilities valued at quoted prices adjusted for legal or contractual restrictions specific to these investments.
	·	Level 3-Pricing inputs are unobservable for the assets or liabilities; that is, the inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability.

We accounted for derivative liability at fair value on a recurring basis under Level 3 at September 30, 2023, and December 31, 2022 (see Note 5).

Concentrations

Loss Per Share

The following potentially dilutive securities have been excluded from the computation of diluted weighted average shares outstanding as of September 30, 2023 and 2022, as they would be anti-dilutive:

	Nine Months Ended September 30,
	2023		2022
Shares underlying warrants outstanding		16,500		125,073
Shares underlying convertible notes outstanding		24,528,160,203		648,510,042
Shares underlying convertible preferred stock outstanding		16,687,500		16,687,500
		24,544,864,203		665,322,615

Recent Accounting Pronouncements

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule Of Potentially Dilutive Securities

	Nine Months Ended September 30,
	2023		2022
Shares underlying warrants outstanding		16,500		125,073
Shares underlying convertible notes outstanding		24,528,160,203		648,510,042
Shares underlying convertible preferred stock outstanding		16,687,500		16,687,500
		24,544,864,203		665,322,615

CONVERTIBLE NOTES AND NOTES PAYABLE (Tables)

9 Months Ended

Sep. 30, 2023

CONVERTIBLE NOTES AND NOTES PAYABLE

Convertible Notes And Notes Payable

Date of	Maturity	Interest			In	Original		Principal at September 30,		Discount at September 30,		Carrying Amount at September 30,		Related Party				Non Related Party
Issuance	Date	Rate			Default	Principal		2023		2023		2023		Current		Long-Term		Current		Long-Term
12/01/07	09/01/15		7.00	%	Yes		125,000		85,821		-		85,821		-		-		85,821		-
09/25/09	10/25/11		5.00	%	Yes		50,000		50,000		-		50,000		-		-		50,000		-
12/23/09	12/23/14		7.00	%	Yes		100,000		79,075		-		79,075		-		-		79,075		-
12/23/09	12/23/14		7.00	%	Yes		25,000		21,678		-		21,678		-		-		21,678		-
12/23/09	12/23/14		7.00	%	Yes		25,000		21,668		-		21,668		-		-		21,668		-
02/03/12	12/31/19		10.00	%	Yes		1,000,000		1,000,000		-		1,000,000		-		-		1,000,000		-
08/15/13	10/31/23		10.00	%	No		158,334		158,334		-		158,334		-		-		158,334		-
12/31/13	12/31/15		8.00	%	Yes		290,000		130,000		-		130,000		-		-		130,000		-
04/01/14	12/31/18		10.00	%	Yes		2,265,000		1,067,197		-		1,067,197		1,067,197		-		-		-
12/22/14	03/31/15		22.00	%*	Yes		200,000		200,000		-		200,000		-		-		200,000		-
12/26/14	12/26/15		22.00	%*	Yes		100,000		100,000		-		100,000		-		-		100,000		-
03/12/15	(1)		6.00	%	No		394,380		394,380		-		394,380		394,380		-		-		-
04/07/15	04/07/18		10.00	%	Yes		50,000		50,000		-		50,000		-		-		50,000		-
11/23/15	(1)		6.00	%	No		50,000		50,000		-		50,000		50,000		-		-		-
02/25/16	(1)		6.00	%	No		50,000		50,000		-		50,000		50,000		-		-		-
05/20/16	(1)		6.00	%	No		50,000		50,000		-		50,000		50,000		-		-		-
10/20/16	(1)		6.00	%	No		37,500		12,500		-		12,500		12,500		-		-		-
10/20/16	(1)		6.00	%	No		12,500		12,500		-		12,500		12,500		-		-		-
12/21/16	(1)		6.00	%	No		25,000		25,000		-		25,000		25,000		-		-		-
03/09/17	(1)		10.00	%	No		200,000		177,000		-		177,000		177,000		-		-		-
07/13/17	07/13/19		6.00	%	Yes		25,000		25,000		-		25,000		-		-		25,000		-
07/18/17	07/18/19		6.00	%	Yes		25,000		25,000		-		25,000		-		-		25,000		-
07/26/17	07/26/19		6.00	%	Yes		15,000		15,000		-		15,000		-		-		15,000		-
12/20/17	(2)		10.00	%	Yes		979,156		859,156		-		859,156		-		-		859,156		-
11/06/17	12/31/18		10.00	%	Yes		646,568		543,093		-		543,093		543,093		-		-		-
02/19/18	(3)		18.00	%*	Yes		629,451		1,161,136		-		1,161,136		-		-		1,161,136		-
09/19/18	09/28/21		6.00	%	Yes		10,000		10,000		-		10,000		-		-		10,000		-
12/14/18	12/22/18		24.00	%*	Yes		474,759		578,075		-		578,075		-		-		578,075		-
01/02/19	(4)		17.00	%	No		310,000		310,000		-		310,000		-		-		310,000		-
08/14/19	10/31/2021		8.00	%	Yes		26,200		26,200		-		26,200		-		-		26,200		-
(5)	10/31/2021		8.00	%	Yes		105,000		40,000		-		40,000		5,000		-		35,000		-
(6)	01/02/22		8.00	%	Yes		296,750		225,000		-		225,000		15,000		-		210,000		-
(8)	05/12/22		8.00	%	Yes		15,000		15,000		-		15,000		-		-		15,000		-
(9)	09/01/22		8.00	%	Yes		170,000		155,000		-		155,000		-		-		155,000		-
(10)	08/30/23		8.00	%	No		285,000		280,000		-		280,000		5,000		-		275,000		-
(11)	11/30/23		8.00	%	No		5,000		5,000		239		4,761		4,761		-		-		-
(7)	(7)		10.00	%	No		625,000		625,000		-		625,000		-		-		625,000		-
						$	9,850,598	$	8,632,813	$	239	$	8,632,574	$	2,411,431	$	-	$	6,221,143	$	-

Date of	Maturity	Interest			In	Original		Principal at December 31,		Discount at December 31,		Carrying Amount at December 31,		Related Party				Non Related Party
Issuance	Date	Rate			Default	Principal		2022		2022		2022		Current		Long-Term		Current		Long-Term
12/01/07	09/01/15		7.00	%	Yes		125,000		85,821		-		85,821		-		-		85,821		-
09/25/09	10/25/11		5.00	%	Yes		50,000		50,000		-		50,000		-		-		50,000		-
12/23/09	12/23/14		7.00	%	Yes		100,000		83,166		-		83,166		-		-		83,166		-
12/23/09	12/23/14		7.00	%	Yes		25,000		22,233		-		22,233		-		-		22,233		-
12/23/09	12/23/14		7.00	%	Yes		25,000		22,223		-		22,223		-		-		22,223		-
02/03/12	12/31/19		10.00	%	Yes		1,000,000		1,000,000		-		1,000,000		-		-		1,000,000		-
08/15/13	10/31/23		10.00	%	No		158,334		158,334		-		158,334		-		-		158,334		-
12/31/13	12/31/15		8.00	%	Yes		290,000		130,000		-		130,000		-		-		130,000		-
04/01/14	12/31/18		10.00	%	Yes		2,265,000		1,102,500		-		1,102,500		1,102,500		-		-		-
12/22/14	03/31/15		22.00	%*	Yes		200,000		200,000		-		200,000		-		-		200,000		-
12/26/14	12/26/15		22.00	%*	Yes		100,000		100,000		-		100,000		-		-		100,000		-
03/12/15	(1)		6.00	%	No		394,380		394,380		-		394,380		394,380		-		-		-
04/07/15	04/07/18		10.00	%	Yes		50,000		50,000		-		50,000		-		-		50,000		-
11/23/15	(1)		6.00	%	No		50,000		50,000		-		50,000		50,000		-		-		-
02/25/16	(1)		6.00	%	No		50,000		50,000		-		50,000		50,000		-		-		-
05/20/16	(1)		6.00	%	No		50,000		50,000		-		50,000		50,000		-		-		-
10/20/16	(1)		6.00	%	No		37,500		12,500		-		12,500		12,500		-		-		-
10/20/16	(1)		6.00	%	No		12,500		12,500		-		12,500		12,500		-		-		-
12/21/16	(1)		6.00	%	No		25,000		25,000		-		25,000		25,000		-		-		-
03/09/17	(1)		10.00	%	No		200,000		177,000		-		177,000		177,000		-		-		-
07/13/17	07/13/19		6.00	%	Yes		25,000		25,000		-		25,000		-		-		25,000		-
07/18/17	07/18/19		6.00	%	Yes		25,000		25,000		-		25,000		-		-		25,000		-
07/26/17	07/26/19		6.00	%	Yes		15,000		15,000		-		15,000		-		-		15,000		-
12/20/17	(2)		10.00	%	Yes		979,156		859,156		-		859,156		-		-		859,156		-
11/06/17	12/31/18		10.00	%	Yes		646,568		543,093		-		543,093		543,093		-		-		-
02/19/18	(3)		18.00	%*	Yes		629,451		1,161,136		-		1,161,136		-		-		1,161,136		-
09/19/18	09/28/21		6.00	%	Yes		10,000		10,000		-		10,000		-		-		10,000		-
12/14/18	12/22/18		24.00	%*	Yes		474,759		578,075		-		578,075		-		-		578,075		-
01/02/19	(4)		17.00	%	No		310,000		310,000		-		310,000		-		-		310,000		-
08/14/19	10/31/2021		8.00	%	Yes		26,200		26,200		-		26,200		-		-		26,200		-
(5)	10/31/2021		8.00	%	Yes		105,000		75,000		-		75,000		5,000		-		70,000		-
(6)	01/02/22		8.00	%	Yes		296,750		231,750		-		231,750		15,000		-		216,750		-
(8)	05/12/22		8.00	%	Yes		15,000		15,000		-		15,000		-		-		15,000		-
(9)	09/01/22		8.00	%	Yes		170,000		155,000		-		155,000		-		-		155,000		-
(10)	08/30/23		8.00	%	No		285,000		285,000		87,233		197,767		3,528		-		194,239		-
(11)	11/30/23		8.00	%	No		5,000		5,000		1,307		3,693		3,693		-		-		-
(7)	(7)		10.00	%	No		625,000		625,000		-		625,000		-		-		625,000		-
						$	9,850,598	$	8,720,067	$	88,540	$	8,631,527	$	2,444,194	$	-	$	6,187,333	$	-

DERIVATIVE LIABILITY (Tables)

9 Months Ended

Sep. 30, 2023

DERIVATIVE LIABILITY

Schedule Of Methods Used To Determine Fair Value Of Financial Liabilities

Fair Value

Quoted market prices

for identical

assets/liabilities

(Level 1)

Significant other

observable inputs

(Level 2)

Significant

unobservable inputs

(Level 3)

Derivative Liability, September 30, 2023

343,137,562

Derivative Liability, December 31, 2022

6,998,262

Schedule Of Reconciliation Of The Derivative Liabilities

	For the Nine Months Ended September 30,
	2023			2022
Derivative liability as of January 1	$	6,998,262		$	3,769,211
Addition to derivative instruments		-			-
Derivative liability extinguished upon conversion of notes payable		(2,602	)		(196,086	)
Change in fair value of derivative liability*		336,141,902			3,374,400
Derivative liability, as of September 30	$	343,137,562		$	6,947,525

Schedule Of Assumptions

	For the Nine Months Ended September 30,
	2023			2022
Expected dividends		0	%		0	%
Expected volatility	187%-994		%	184%-368		%
Risk free interest rate	4.64%-5.55		%	0.52%-4.05		%
Expected term (in years)	0.02– 1 years			0.25– 1.42 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - shares	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Shares Underlying Convertible Preferred Stock Outstanding	24,544,864,203	665,322,615
Convertible Notes Payable [Member]
Shares Underlying Convertible Preferred Stock Outstanding	24,528,160,203	648,510,042
Warrant [Member]
Shares Underlying Convertible Preferred Stock Outstanding	16,500	125,073
Convertible Preferred Stock [Member]
Shares Underlying Convertible Preferred Stock Outstanding	16,687,500	16,687,500

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	9 Months Ended
	Sep. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Effective interest rate	100.00%

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
GOING CONCERN (Details Narrative) - USD ($)	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 11, 2022	Dec. 31, 2021
GOING CONCERN
Net loss	$ (335,735,315)	$ (2,440,611)	$ (338,956,032)	$ (6,010,736)
Cash In Operating Activities			(546,995)	(301,643)
Working Capital (deficiency)	(373,000,000)		(373,000,000)
Total Stockholders' Deficiency	$ (373,481,058)	$ (35,297,660)	$ (373,481,058)	$ (35,297,660)	$ (38,007,743)	$ (36,199,026)	$ (32,932,049)		$ (30,027,924)
Water Power Technology Office Bill								$ 162,000,000
Marine Energy								$ 112,000,000

CONVERTIBLE NOTES AND NOTES PAYABLE (Details) - USD ($)	9 Months Ended	12 Months Ended
CONVERTIBLE NOTES AND NOTES PAYABLE (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Notes Payable 1 [Member]
Debt Instrument, Issuance Date	12/01/07	12/01/07
Debt Instrument, Maturity Date	09/01/15	09/01/15
Debt Stated Interest Rate	7.00%	7.00%
In Default	Yes	Yes
Debt Original Principal	$ 125,000	$ 125,000
Debt Amount At Period End	85,821	85,821
Unamortized Discount	0	0
Carrying Amount At Period End	85,821	85,821
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	85,821	85,821
Debt Noncurrent	$ 0	$ 0
Notes Payable 2 [Member]
Debt Instrument, Issuance Date	09/25/09	09/25/09
Debt Instrument, Maturity Date	10/25/11	10/25/11
Debt Stated Interest Rate	5.00%	5.00%
In Default	Yes	Yes
Debt Original Principal	$ 50,000	$ 50,000
Debt Amount At Period End	50,000	50,000
Unamortized Discount	0	0
Carrying Amount At Period End	50,000	50,000
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	50,000	50,000
Debt Noncurrent	$ 0	$ 0
Notes Payable 3 [Member]
Debt Instrument, Issuance Date	12/23/09	12/23/09
Debt Instrument, Maturity Date	12/23/14	12/23/14
Debt Stated Interest Rate	7.00%	7.00%
In Default	Yes	Yes
Debt Original Principal	$ 100,000	$ 100,000
Debt Amount At Period End	79,075	83,166
Unamortized Discount	0	0
Carrying Amount At Period End	79,075	83,166
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	79,075	83,166
Debt Noncurrent	$ 0	$ 0
Notes Payable 4 [Member]
Debt Instrument, Issuance Date	12/23/09	12/23/09
Debt Instrument, Maturity Date	12/23/14	12/23/14
Debt Stated Interest Rate	7.00%	7.00%
In Default	Yes	Yes
Debt Original Principal	$ 25,000	$ 25,000
Debt Amount At Period End	21,678	22,233
Unamortized Discount	0	0
Carrying Amount At Period End	21,678	22,233
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	21,678	22,233
Debt Noncurrent	$ 0	$ 0
Notes Payable 5 [Member]
Debt Instrument, Issuance Date	12/23/09	12/23/09
Debt Instrument, Maturity Date	12/23/14	12/23/14
Debt Stated Interest Rate	7.00%	7.00%
In Default	Yes	Yes
Debt Original Principal	$ 25,000	$ 25,000
Debt Amount At Period End	21,668	22,223
Unamortized Discount	0	0
Carrying Amount At Period End	21,668	22,223
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	21,668	22,223
Debt Noncurrent	$ 0	$ 0
Notes Payable 6 [Member]
Debt Instrument, Issuance Date	02/03/12	02/03/12
Debt Instrument, Maturity Date	12/31/19	12/31/19
Debt Stated Interest Rate	10.00%	10.00%
In Default	Yes	Yes
Debt Original Principal	$ 1,000,000	$ 1,000,000
Debt Amount At Period End	1,000,000	1,000,000
Unamortized Discount	0	0
Carrying Amount At Period End	1,000,000	1,000,000
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	1,000,000	1,000,000
Debt Noncurrent	$ 0	$ 0
Notes Payable 7 [Member]
Debt Instrument, Issuance Date	08/15/13	08/15/13
Debt Instrument, Maturity Date	10/31/23	10/31/23
Debt Stated Interest Rate	10.00%	10.00%
In Default	No	No
Debt Original Principal	$ 158,334	$ 158,334
Debt Amount At Period End	158,334	158,334
Unamortized Discount	0	0
Carrying Amount At Period End	158,334	158,334
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	158,334	158,334
Debt Noncurrent	$ 0	$ 0
Notes Payable 8 [Member]
Debt Instrument, Issuance Date	12/31/13	12/31/13
Debt Instrument, Maturity Date	12/31/15	12/31/15
Debt Stated Interest Rate	8.00%	8.00%
In Default	Yes	Yes
Debt Original Principal	$ 290,000	$ 290,000
Debt Amount At Period End	130,000	130,000
Unamortized Discount	0	0
Carrying Amount At Period End	130,000	130,000
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	130,000	130,000
Debt Noncurrent	$ 0	$ 0
Notes Payable 9 [Member]
Debt Instrument, Issuance Date	04/01/14	04/01/14
Debt Instrument, Maturity Date	12/31/18	12/31/18
Debt Stated Interest Rate	10.00%	10.00%
In Default	Yes	Yes
Debt Original Principal	$ 2,265,000	$ 2,265,000
Debt Amount At Period End	1,067,197	1,102,500
Unamortized Discount	0	0
Carrying Amount At Period End	1,067,197	1,102,500
Debt Related Party Current	1,067,197	1,102,500
Debt Related Party Noncurrent	0	0
Debt Current	0	0
Debt Noncurrent	$ 0	$ 0
Notes Payable 10 [Member]
Debt Instrument, Issuance Date	12/22/14	12/22/14
Debt Instrument, Maturity Date	03/31/15	03/31/15
Debt Stated Interest Rate	22.00%	22.00%
In Default	Yes	Yes
Debt Original Principal	$ 200,000	$ 200,000
Debt Amount At Period End	200,000	200,000
Unamortized Discount	0	0
Carrying Amount At Period End	200,000	200,000
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Noncurrent	0	0
Debt Current	$ 200,000	$ 200,000
Notes Payable 11 [Member]
Debt Instrument, Issuance Date	12/26/14	12/26/14
Debt Instrument, Maturity Date	12/26/15	12/26/15
Debt Stated Interest Rate	22.00%	22.00%
In Default	Yes	Yes
Debt Original Principal	$ 100,000	$ 100,000
Debt Amount At Period End	100,000	100,000
Unamortized Discount	0	0
Carrying Amount At Period End	100,000	100,000
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	100,000	100,000
Debt Noncurrent	$ 0	$ 0
Notes Payable 12 [Member]
Debt Instrument, Issuance Date	03/12/15	03/12/15
Debt Instrument, Maturity Date	1	1
Debt Stated Interest Rate	6.00%	6.00%
In Default	No	No
Debt Original Principal	$ 394,380	$ 394,380
Debt Amount At Period End	394,380	394,380
Unamortized Discount	0	0
Carrying Amount At Period End	394,380	394,380
Debt Related Party Current	394,380	394,380
Debt Related Party Noncurrent	0	0
Debt Current	0	0
Debt Noncurrent	$ 0	$ 0
Notes Payable 13 [Member]
Debt Instrument, Issuance Date	04/07/15	04/07/15
Debt Instrument, Maturity Date	04/07/18	04/07/18
Debt Stated Interest Rate	10.00%	10.00%
In Default	Yes	Yes
Debt Original Principal	$ 50,000	$ 50,000
Debt Amount At Period End	50,000	50,000
Unamortized Discount	0	0
Carrying Amount At Period End	50,000	50,000
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	50,000	50,000
Debt Noncurrent	$ 0	$ 0
Notes Payable 14 [Member]
Debt Instrument, Issuance Date	11/23/15	11/23/15
Debt Instrument, Maturity Date	1	1
Debt Stated Interest Rate	6.00%	6.00%
In Default	No	No
Debt Original Principal	$ 50,000	$ 50,000
Debt Amount At Period End	50,000	50,000
Unamortized Discount	0	0
Carrying Amount At Period End	50,000	50,000
Debt Related Party Current	50,000	50,000
Debt Related Party Noncurrent	0	0
Debt Current	0	0
Debt Noncurrent	$ 0	$ 0
Notes Payable 15 [Member]
Debt Instrument, Issuance Date	02/25/16	02/25/16
Debt Instrument, Maturity Date	1	1
Debt Stated Interest Rate	6.00%	6.00%
In Default	No	No
Debt Original Principal	$ 50,000	$ 50,000
Debt Amount At Period End	50,000	50,000
Unamortized Discount	0	0
Carrying Amount At Period End	50,000	50,000
Debt Related Party Current	50,000	50,000
Debt Related Party Noncurrent	0	0
Debt Current	0	0
Debt Noncurrent	$ 0	$ 0
Notes Payable 16 [Member]
Debt Instrument, Issuance Date	05/20/16	05/20/16
Debt Instrument, Maturity Date	1	1
Debt Stated Interest Rate	6.00%	6.00%
In Default	No	No
Debt Original Principal	$ 50,000	$ 50,000
Debt Amount At Period End	50,000	50,000
Unamortized Discount	0	0
Carrying Amount At Period End	50,000	50,000
Debt Related Party Current	50,000	50,000
Debt Related Party Noncurrent	0	0
Debt Current	0	0
Debt Noncurrent	$ 0	$ 0
Notes Payable 17 [Member]
Debt Instrument, Issuance Date	10/20/16	10/20/16
Debt Instrument, Maturity Date	1	1
Debt Stated Interest Rate	6.00%	6.00%
In Default	No	No
Debt Original Principal	$ 37,500	$ 37,500
Debt Amount At Period End	12,500	12,500
Unamortized Discount	0	0
Debt Related Party Noncurrent	0	0
Debt Current	0	0
Debt Noncurrent	0	0
Carrying Amount at Period End	12,500	12,500
Debt to Related Party Current	$ 12,500	$ 12,500
Notes Payable 18 [Member]
Debt Instrument, Issuance Date	10/20/16	10/20/16
Debt Instrument, Maturity Date	1	1
Debt Stated Interest Rate	6.00%	6.00%
In Default	No	No
Debt Original Principal	$ 12,500	$ 12,500
Debt Amount At Period End	12,500	12,500
Unamortized Discount	0	0
Debt Related Party Current	12,500	12,500
Debt Related Party Noncurrent	0	0
Debt Current	0	0
Debt Noncurrent	0	0
Carrying Amount at Period End	$ 12,500	$ 12,500
Notes Payable 19 [Member]
Debt Instrument, Issuance Date	12/21/16	12/21/16
Debt Instrument, Maturity Date	1	1
Debt Stated Interest Rate	6.00%	6.00%
In Default	No	No
Debt Original Principal	$ 25,000	$ 25,000
Debt Amount At Period End	25,000	25,000
Unamortized Discount	0	0
Carrying Amount At Period End	25,000	25,000
Debt Related Party Noncurrent	0	0
Debt Current	0	0
Debt Noncurrent	0	0
Debt to Related Party Current	$ 25,000	$ 25,000
Notes Payable 20 [Member]
Debt Instrument, Issuance Date	03/09/17	03/09/17
Debt Instrument, Maturity Date	1	1
Debt Stated Interest Rate	10.00%	10.00%
In Default	No	No
Debt Original Principal	$ 200,000	$ 200,000
Debt Amount At Period End	177,000	177,000
Unamortized Discount	0	0
Carrying Amount At Period End	177,000	177,000
Debt Related Party Current	177,000	177,000
Debt Related Party Noncurrent	0	0
Debt Current	0	0
Debt Noncurrent	$ 0	$ 0
Notes Payable 21 [Member]
Debt Instrument, Issuance Date	07/13/17	07/13/17
Debt Instrument, Maturity Date	07/13/19	07/13/19
Debt Stated Interest Rate	6.00%	6.00%
In Default	Yes	Yes
Debt Original Principal	$ 25,000	$ 25,000
Debt Amount At Period End	25,000	25,000
Unamortized Discount	0	0
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	25,000	25,000
Debt Noncurrent	0	0
Carrying Amount at Period End	$ 25,000	$ 25,000
Notes Payable 22 [Member]
Debt Instrument, Issuance Date	07/18/17	07/18/17
Debt Instrument, Maturity Date	07/18/19	07/18/19
Debt Stated Interest Rate	6.00%	6.00%
In Default	Yes	Yes
Debt Original Principal	$ 25,000	$ 25,000
Debt Amount At Period End	25,000	25,000
Unamortized Discount	0	0
Carrying Amount At Period End	25,000	25,000
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	25,000	25,000
Debt Noncurrent	$ 0	$ 0
Notes Payable 23 [Member]
Debt Instrument, Issuance Date	07/26/17	07/26/17
Debt Instrument, Maturity Date	07/26/19	07/26/19
Debt Stated Interest Rate	6.00%	6.00%
In Default	Yes	Yes
Debt Original Principal	$ 15,000	$ 15,000
Debt Amount At Period End	15,000	15,000
Unamortized Discount	0	0
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	15,000	15,000
Debt Noncurrent	0	0
Carrying Amount at Period End	$ 15,000	$ 15,000
Notes Payable 24 [Member]
Debt Instrument, Issuance Date	12/20/17	12/20/17
Debt Instrument, Maturity Date	2	2
Debt Stated Interest Rate	10.00%	10.00%
In Default	Yes	Yes
Debt Original Principal	$ 979,156	$ 979,156
Debt Amount At Period End	859,156	859,156
Unamortized Discount	0	0
Carrying Amount At Period End	859,156	859,156
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	859,156	859,156
Debt Noncurrent	$ 0	$ 0
Notes Payable 25 [Member]
Debt Instrument, Issuance Date	11/06/17	11/06/17
Debt Instrument, Maturity Date	12/31/18	12/31/18
Debt Stated Interest Rate	10.00%	10.00%
In Default	Yes	Yes
Debt Original Principal	$ 646,568	$ 646,568
Debt Amount At Period End	543,093	543,093
Unamortized Discount	0	0
Debt Related Party Current	543,093	543,093
Debt Related Party Noncurrent	0	0
Debt Current	0	0
Debt Noncurrent	0	0
Carrying Amount At Period End	$ 543,093	$ 543,093
Notes Payable 26 [Member]
Debt Instrument, Issuance Date	02/19/18	02/19/18
Debt Instrument, Maturity Date	3	3
Debt Stated Interest Rate	18.00%	18.00%
In Default	Yes	Yes
Debt Original Principal	$ 629,451	$ 629,451
Debt Amount At Period End	1,161,136	1,161,136
Unamortized Discount	0	0
Carrying Amount At Period End	1,161,136	1,161,136
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	1,161,136	1,161,136
Debt Noncurrent	$ 0	$ 0
Notes Payable 27 [Member]
Debt Instrument, Issuance Date	09/19/18	09/19/18
Debt Instrument, Maturity Date	09/28/21	09/28/21
Debt Stated Interest Rate	6.00%	6.00%
In Default	Yes	Yes
Debt Original Principal	$ 10,000	$ 10,000
Debt Amount At Period End	10,000	10,000
Unamortized Discount	0	0
Carrying Amount At Period End	10,000	10,000
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	10,000	10,000
Debt Noncurrent	$ 0	$ 0
Notes Payable 28 [Member]
Debt Instrument, Issuance Date	12/14/18	12/14/18
Debt Instrument, Maturity Date	12/22/18	12/22/18
Debt Stated Interest Rate	24.00%	24.00%
In Default	Yes	Yes
Debt Original Principal	$ 474,759	$ 474,759
Debt Amount At Period End	578,075	578,075
Unamortized Discount	0	0
Carrying Amount At Period End	578,075	578,075
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	578,075	578,075
Debt Noncurrent	$ 0	$ 0
Notes Payable 29 [Member]
Debt Instrument, Issuance Date	01/02/19	01/02/19
Debt Instrument, Maturity Date	4	4
Debt Stated Interest Rate	17.00%	17.00%
In Default	No	No
Debt Original Principal	$ 310,000	$ 310,000
Debt Amount At Period End	310,000	310,000
Unamortized Discount	0	0
Carrying Amount At Period End	310,000	310,000
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	310,000	310,000
Debt Noncurrent	$ 0	$ 0
Notes Payable 30 [Member]
Debt Instrument, Issuance Date	08/14/19	08/14/19
Debt Instrument, Maturity Date	10/31/2021	10/31/2021
Debt Stated Interest Rate	8.00%	8.00%
In Default	Yes	Yes
Debt Original Principal	$ 26,200	$ 26,200
Debt Amount At Period End	26,200	26,200
Unamortized Discount	0	0
Carrying Amount At Period End	26,200	26,200
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	26,200	26,200
Debt Noncurrent	$ 0	$ 0
Notes Payable 31 [Member]
Debt Instrument, Issuance Date	5	5
Debt Instrument, Maturity Date	10/31/2021	10/31/2021
Debt Stated Interest Rate	8.00%	8.00%
In Default	Yes	Yes
Debt Original Principal	$ 105,000	$ 105,000
Debt Amount At Period End	40,000	75,000
Unamortized Discount	0	0
Carrying Amount At Period End	40,000	75,000
Debt Related Party Current	5,000	5,000
Debt Related Party Noncurrent	0	0
Debt Current	35,000	70,000
Debt Noncurrent	$ 0	$ 0
Notes Payable 32 [Member]
Debt Instrument, Issuance Date	6	6
Debt Instrument, Maturity Date	01/02/22	01/02/22
Debt Stated Interest Rate	8.00%	8.00%
In Default	Yes	Yes
Debt Original Principal	$ 296,750	$ 296,750
Debt Amount At Period End	225,000	231,750
Unamortized Discount	0	0
Carrying Amount At Period End	225,000	231,750
Debt Related Party Current	15,000	15,000
Debt Related Party Noncurrent	0	0
Debt Current	210,000	216,750
Debt Noncurrent	$ 0	$ 0
Notes Payable 33 [Member]
Debt Instrument, Issuance Date	8	8
Debt Instrument, Maturity Date	05/12/22	05/12/22
Debt Stated Interest Rate	8.00%	8.00%
In Default	Yes	Yes
Debt Original Principal	$ 15,000	$ 15,000
Debt Amount At Period End	15,000	15,000
Unamortized Discount	0	0
Carrying Amount At Period End	15,000	15,000
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	15,000	15,000
Debt Noncurrent	$ 0	$ 0
Notes Payable 34 [Member]
Debt Instrument, Issuance Date	9	9
Debt Instrument, Maturity Date	09/01/22	09/01/22
Debt Stated Interest Rate	8.00%	8.00%
In Default	Yes	Yes
Debt Original Principal	$ 170,000	$ 170,000
Debt Amount At Period End	155,000	155,000
Unamortized Discount	0	0
Carrying Amount At Period End	155,000	155,000
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	155,000	155,000
Debt Noncurrent	$ 0	$ 0
Notes Payable 35 [Member]
Debt Instrument, Issuance Date	10	10
Debt Instrument, Maturity Date	08/30/23	08/30/23
Debt Stated Interest Rate	8.00%	8.00%
In Default	No	No
Debt Original Principal	$ 285,000	$ 285,000
Debt Amount At Period End	280,000	285,000
Unamortized Discount	0	87,233
Carrying Amount At Period End	280,000	197,767
Debt Related Party Current	5,000	3,528
Debt Related Party Noncurrent	0	0
Debt Current	275,000	194,239
Debt Noncurrent	$ 0	$ 0
Notes Payable 36 [Member]
Debt Instrument, Issuance Date	11	11
Debt Instrument, Maturity Date	11/30/23	11/30/23
Debt Stated Interest Rate	8.00%	8.00%
In Default	No	No
Debt Original Principal	$ 5,000	$ 5,000
Debt Amount At Period End	5,000	5,000
Unamortized Discount	239	1,307
Carrying Amount At Period End	4,761	3,693
Debt Related Party Current	4,761	3,693
Debt Related Party Noncurrent	0	0
Debt Current	0	0
Debt Noncurrent	$ 0	$ 0
Notes Payable 37 [Member]
Debt Instrument, Issuance Date	7	7
Debt Instrument, Maturity Date	7	7
Debt Stated Interest Rate	10.00%	10.00%
In Default	No	No
Debt Original Principal	$ 625,000	$ 625,000
Debt Amount At Period End	625,000	625,000
Unamortized Discount	0	0
Carrying Amount At Period End	625,000	625,000
Debt Related Party Current	0	0
Debt Related Party Noncurrent	0	0
Debt Current	625,000	625,000
Debt Noncurrent	0	0
Notes Payable Total [Member]
Debt Original Principal	9,850,598	9,850,598
Debt Amount At Period End	8,632,813	8,720,067
Unamortized Discount	239	88,540
Carrying Amount At Period End	8,632,574	8,631,527
Debt Related Party Current	2,411,431	2,444,194
Debt Related Party Noncurrent	0	0
Debt Current	6,221,143	6,187,333
Debt Noncurrent	$ 0	$ 0

CONVERTIBLE NOTES AND NOTES PAYABLE (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Preferred Stock, Series D
Amount Converted Into Shares	$ 35,303
Coversion Of Shares	500
Accrued Interest	$ 964,697
Preferred Stock, Series D \| Notes Payable Other Payables [Member]
Amount Converted Into Shares	$ 46,750	$ 215,000
Coversion Of Shares	31	143
Accrued Interest	$ 12,670	$ 66,126
Common Stock One [Member]
Amount Converted Into Shares		$ 45,650
Coversion Of Shares		10,000,000

DERIVATIVE LIABILITY (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Derivative Liability	$ 343,137,562	$ 6,998,262
Level 1
Derivative Liability	0	0
Level 2
Derivative Liability	0	0
Level 3
Derivative Liability	$ 343,137,562	$ 6,998,262

DERIVATIVE LIABILITY (Details 1) - USD ($)	9 Months Ended
DERIVATIVE LIABILITY (Details 1) - USD ($)	Sep. 30, 2023	Sep. 30, 2022
DERIVATIVE LIABILITY
Derivative Liability, Beginning of period	$ 6,998,262	$ 3,769,211
Addition To Derivative Instruments	0	0
Derivative Liability Extinguished Upon Conversion Of Notes Payable	(2,602)	(196,086)
Change In Fair Value Of Derivative Liability	336,141,902	3,374,400
Derivative Liability, End of period	$ 343,137,562	$ 6,947,525

DERIVATIVE LIABILITY (Details 2) - Remeasurement Date	9 Months Ended
DERIVATIVE LIABILITY (Details 2) - Remeasurement Date	Sep. 30, 2023	Sep. 30, 2022
Expected Dividends	0.00%	0.00%
Minimum [Member]
Expected Volatility	187.00%	184.00%
Risk Free Interest Rate	4.64%	0.52%
Expected Term (in Years)	7 days	3 months
Maximum [Member]
Expected Volatility	994.00%	368.00%
Risk Free Interest Rate	5.55%	4.05%
Expected Term (in Years)	1 year	1 year 5 months 1 day

STOCKHOLDERS EQUITY (Details Narrative) - USD ($)	9 Months Ended
STOCKHOLDERS EQUITY (Details Narrative) - USD ($)	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2022
Common Stocks And Warrants [Member]
Common stock shares issued during the period, shares		10,000,000
Common stock shares issued during the period, value		$ 185,000
Convertible note payable and accrued interest converted into common stock		45,650
Preferred Stock, Series D One
Preferred stock, shares issued	306		135
Preferred stock, shares value	$ 612,000		$ 270,000
Preferred Stock, Series D Three
Amount Converted Into Shares	35,303
Accrued Interest	$ 964,697
Preferred stock, shares issued	500
Preferred Stock, Series D Two
Amount Converted Into Shares	$ 46,750	215,000
Accrued Interest	$ 12,670	$ 66,126
Preferred stock, shares issued	31		143
Preferred stock, shares value			$ 286,000

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)			1 Months Ended			2 Months Ended	9 Months Ended
	Aug. 15, 2019	Aug. 08, 2018	May 28, 2019	Aug. 22, 2018	Jun. 26, 2017	Jul. 19, 2018	Sep. 30, 2023
Gross proceeds from an equity placement					8.00%
Gross proceeds from an debt placement					3.00%
Warrants with an aggregate exercise price equal					3.00%
Issued warrants to purchase shares of common stock for L2 Capital equity							56,073
Warrants to purchase shares of common stock for L2 Capital debt							69,000
Outstanding of warrants to purchase shares of common stock							125,073
Number of warrants expired							108,573
Warrants fair value of based on the Black-Scholes option-pricing model							$ 135
Accrued Interest							$ 67,325
Warrants exercise prices per share maximum							$ 0.25
Repayment of settlement							$ 260,000
Outstanding balance of settlement							115,000
Settlement agreement descriptions	In our ongoing efforts to collect the $25,500,000 judgment obtained, a third party has intervened in our case in the Central District
Engineering service paid				$ 500,000
Accrued legal settlement		$ 8,000,000					$ 375,000
Settlement interest rate							18.00%
Total payment received from defendant						$ 100,000
Regular monthly payments to Fugro of per month, until the balance owed has been paid							$ 10,000
Trade Base Sales, Inc [Member]
Settlement amount, total			$ 25,500,000
Brett M Regal [Member]
Settlement amount, total			$ 25,500,000

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	May 31, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Net working capital advances from related party				$ 3,978
Preferred Stock, Series D
Amount Converted Into Shares				$ 35,303
Preferred stock share issued during period				500
Accrued Interest				$ 964,697
Accrued interest related party		$ 856,436		856,436		$ 1,656,757
Preferred Stock, Series D \| CEO
Accrued Interest					$ 2,043
Amount of notes converted					10,000
Proceeds from Stock					10,000
Common Stock Two [Member]
Borrowed shares from CEO						847,262
Accrued liability						$ 11,014
Company Controlled by the CEO
Rent Expense		3,000		5,000
Advanced working capital				38,000
Payable amount		6,413		6,413		74,070
Payment of reimbursement amount		28,803	$ 28,270	86,923	89,613
Office and facilities exp per month	$ 1,000
Company Controlled by the CEO One
Rent Expense		0	$ 30,000	50,000	$ 90,000
Payable amount		$ 30,000		$ 30,000		$ 70,000
Description of rent				Through May 31, 2023, we incurred monthly rent of $10,000 to a company controlled by our chief executive officer under an operating lease agreement

SUBSEQUENT EVENTS (Details Narrative) - Preferred Stock, Series D - Subsequent Event [Member]	1 Months Ended
	Oct. 31, 2023 USD ($) shares
Proceeds from shares \| $	$ 174,000
Shares issued \| shares	87

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