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JOINT VENTURE (Tables)

12 Months Ended

Dec. 31, 2024

Notes and other explanatory information [abstract]

SCHEDULE OF INVESTMENT IN JOINT VENTURE

The Company’s investment in joint venture during the year can be summarized as follows:

 SCHEDULE OF INVESTMENT IN JOINT VENTURE

Investment balance, December 31, 2021		$	1,445,251
Recognized gain on contribution of intellectual property			1,746,987
Share of loss in joint venture for the year ended December 31, 2022			(3,211,993	)
Effect of changes in foreign exchange rates			19,755
Investment balance, December 31, 2022			-
Recognized gain on contribution of intellectual property			1,031,807
Share of loss in joint venture for the year ended December 31, 2023			(1,031,807	)
Investment balance, December 31, 2023 and 2024		$	-

SCHEDULE OF UNPAID BALANCES ARE INTEREST FREE

 SCHEDULE OF UNPAID BALANCES ARE INTEREST FREE

October 31, 2025		$	700,000
October 31, 2026		$	1,000,000
October 31, 2027		$	1,300,000
October 31, 2028		$	1,600,000
October 31, 2029		$	1,900,000
Unpaid balances		$	1,900,000

SCHEDULE OF PURCHASE PRICE ALLOCATION

The assessment of the purchase price allocation on the date of purchase has been determined as follows:

 SCHEDULE OF PURCHASE PRICE ALLOCATION

Fair value consideration paid
Convertible debt to be paid over five years		$	6,500,000
Recognized amounts of identifiable net assets:
Cash		$	97,833
Other non-current assets			237,216
Accounts payable			(388,470	)
Payables to the Company			(299,266	)
Net assets (liabilities) acquired		$	(352,687	)
Loss on acquisition		$	6,852,687
Fair value consideration paid		$	6,500,000

SCHEDULE OF FINANCIAL INFORMATION OF JOINT VENTURE

Summarized financial information of the joint venture is as follows:

 SCHEDULE OF FINANCIAL INFORMATION OF JOINT VENTURE

December 31,		2024				2023				2022
Current assets		$	-			$	1,758,587			$	1,951,654
Intangible assets			-				16,155,786				18,708,065
Liabilities			-				(149,306	)			(180,897	)
Owners Equity			-				(17,765,067	)			(20,478,822	)
Net loss		$	3,913,325			$	3,830,962			$	4,319,857

SCHEDULE OF TRANSACTIONS PRIOR TO BEING ACQUIRED

The following table discloses the amount of transactions the Company conducted with SPX prior to being acquired:

 SCHEDULE OF TRANSACTIONS PRIOR TO BEING ACQUIRED

		Sales				Purchases				Loans				Recoverables
PTZ		$	-			$	-			$	-			$	300,685
PTS			-				178,320				-				-

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