FIXED ASSETS, NET

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

FIXED ASSETS, NET

NOTE 4 – FIXED ASSETS, NET

Fixed assets, net consisted of the following as of December 31:

	2023			2022
Machinery and equipment	$	220,984		$	-
Furniture and office equipment		133,890			-
Vehicles		142,306			-
Buildings		10,497			-
Total Property and equipment		507,677			-
Less accumulated depreciation		(10,787	)		-
Total property and equipment, net	$	496,890		$	-

On August 25, 2023, the Company entered an asset purchase agreement with an unrelated company, Dream Workz Automotive LLC, a Colorado limited liability company (“Dream Workz”). Pursuant to this agreement, the Company sold certain tangible manufacturing assets of ours to Dream Workz for a purchase price of $195,000 (the “Purchase Price”). The Purchase Price was paid in a combination of cash in the amount of $100,000 and a promissory note in the amount of $95,000 (the “Note”). The Note is unsecured and bears interest at the rate of 8% per annum commencing as of August 25, 2023. The Note matures on August 25, 2029. 

Depreciation expense totaled $10,787 and $0 for the years ended December 31, 2023, and 2022, respectively.