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BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Tables)
 6 Months Ended
Jun. 30, 2023
Accounting Policies [Abstract]  
Property and Equipment Estimated Useful Lives of the Related Assets

 

Furniture and fixtures   3 to 7 years  
Equipment   7 to 10 years  
Leasehold Improvements   7 years  
SCHEDULE OF FAIR VALUE OF CONVERTIBLE NOTES DERIVATIVE LIABILITY

The carrying amounts of the Company’s financial instruments as of June 30, 2023 and December 31, 2022 reflect:

 

   Level 1   Level 2   Level 3   Total 
Fair value of convertible notes derivative liability – June 30, 2023  $–   $–   $         –   $        – 

 

   Level 1   Level 2   Level 3   Total 
Fair value of convertible notes derivative liability – December 31, 2022  $–   $–   $588,178   $588,178 
SCHEDULE OF FAIR VALUE OF ASSETS AND LIABILITIES ACQUIRED

As the Consistent Action Agreement did not quantify any considerations to gain the control, the deemed consideration paid is the fair value of 51% non-controlling interest as of January 1, 2023. The following table summarizes the fair value of the consideration paid and the fair value of assets acquired and liabilities assumed on January 1, 2023, the acquisition date.

Fair value of non-controlling interests  $602,729 
Fair value of previously held equity investment   604,318 
Subtotal  $1,207,047 
Recognized value of 100% of identifiable net assets   (1,207,047)
Goodwill Recognized  $- 
Recognized amounts of identifiable assets acquired and liabilities assumed (preliminary):     
Inventories  $505,226 
Cash and cash equivalents   50,346 
Trade and other receivables   952,384 
Advanced deposit   672,597 
Net fixed assets   6,704 
Intangible asset and Goodwill   10,905 
Trade and other payables   (1,021,897)
Advanced payments   (5,317)
Salaries and wages payables   (4,692)
Other receivable   40,791 
Total identifiable net assets  $1,207,047 
SCHEDULE OF SEGMENT REPORTING

Selected Financial Data:

 

   2023   2022 
   for the six months ended June 30 
   2023   2022 
Net Sales          
Manufacturing and Engineering   36,332    61,018 
Clean Energy HRS   28,338    460,885 
CETY HK LNG Trading   7,219,049    1,963,053 
CETY Renewables Waste to Energy   412,682    38,012 
Total Sales   7,696,401    2,522,968 
           
Segment income and reconciliation before tax          
Manufacturing and Engineering   18,355    38,475 
Clean Energy HRS   30    413,646 
CETY HK LNG Trading   270,457    643,239 
CETY Renewables Waste to Energy   385,404    30,630 
Total Segment income   

674,246

    1,125,990 
Schedule of Revenue by Geographic Areas based on the Sales Location of our Products and Solutions

The following table represents revenue by geographic area based on the sales location of our products and solutions:

   2023   2022 
   for the six months ended June 30 
   2023   2022 
United States   449,014    460,885 
China   7,219,049    1,963,053 
Other international   28,338    99,030 
Total Sales   7,696,401    2,522,968