10-Q

As Filed with the Securities and Exchange Commission on November 23, 2020

File No:  000-55235

United States

Securities and Exchange Commission

Washington, D.C. 20549

FORM 10-Q

(Mark One)

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

FOR THE QUARTERLY PERIOD ENDING SEPTEMBER 30, 2020

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

For the transition period from _____to_____ 

Commission file number: 000-55235

ABCO ENERGY, INC.

 (Name of registrant as specified in its Charter)

Nevada	46-5342309
(State of Incorporation)	(IRS Employer Identification No.)

2505  No.  Alvernon Way, Tucson, AZ	85712
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 520-777-0511

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
COMMON STOCK	ABCE	PINK MARKET

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 definition of “law accelerated filed,” “accelerated filed,” “Smaller reporting company,” and “emerging growth company” in Rule 12b 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 by Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

 APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act subsequent to the distribution of securities under a plan confirmed by the court. Yes ☐ No ☐ N/A

APPLICABLE ONLY TO CORPORATE ISSUERS:

As of November 23, 2020, we had 2,687,999,095 shares of common stock issued and outstanding. 

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION
Item 1. Financial Statements	3
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	21
Item 3. Quantitative and Qualitative Disclosures about Market Risk	24
Item 4. Controls and Procedures	24
PART II. OTHER INFORMATION
Item 1. Legal Proceedings	25
Item 1A. Risk Factors	25
Item 2. Unregistered Sale of Equity Securities and Use of Proceeds	25
Item 3. Defaults upon Senior Securities	25
Item 4. Mine Safety Disclosures	25
Item 5. Other Information	25
Item 6. Exhibits	26
Signatures	27

PART 1 – FINANCIAL INFORMATION

Item 1.     Financial Statements

ABCO ENERGY, INC.

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED

SEPTEMBER 30, 2020

Consolidated Balance Sheets: As of September 30, 2020 (Unaudited), and as of December 31, 2019 (Audited)	4
Consolidated Statements of Operations: For the Three Months Ended September 30, 2020 and September 30, 2019 and for the Nine months ended September 30, 2019 and September 30, 2018 (Unaudited)	5
Consolidated Statement of Shareholders Equity for the Nine Months Ended September 30, 2020 and September 30, 2019 (audited)	6
Consolidated Statements of Cash Flows: For the Nine Months Ended September 30, 2020 and September 30, 2019 (Unaudited)	7
Notes to the Consolidated Financial Statements (Unaudited)	8

3

ABCO ENERGY, INC.

CONSOLIDATED BALANCE SHEETS

ASSETS	September 30, 2020 Unaudited			December 31, 2019 Audited
Current Assets
Cash	$	36,644		$	12,620
Accounts receivable on completed projects		31,242			30,408
Costs and estimated earnings on contracts in progress		-			243,693
Amortizable original issue discounts on debt		32,213			89,561
Total Current Assets		100,099			376,282
Fixed Assets
Real Estate, Vehicles, furniture & equipment – net of accumulated depreciation		354,748			354,938
Other Assets
Investment in long term leases		3,995		$	4,136
Security deposits		2,700			5,200
Total Other Assets		6,695			9,336
Total Assets	$	461,542		$	740,556
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable and accrued expenses	$	590,561		$	583,700
Costs and estimated earnings on contracts in progress		189,532			-
Short-term notes payables		171,805			436,267
Excess billing on contracts in progress		194,401			76,052
Derivative liability on convertible debentures		143,946			97,974
Notes payable – from officers		323,258			248,558
Convertible debenture		324,499			472,971
Current portion of long term debt		16,717			18,860
Total Current Liabilities		1,954,719			1,934,382
Long term debt, net of current portion		561,899			300,000
Total Liabilities		2,516,618			2,234,382
Commitments and contingencies		-			-
Stockholders’ Deficit:
Preferred stock, 100,000,000 shares authorized, $0.001 par value, and 30,000,000 shares issued and outstanding at September 30, 2020 and 30,000,000 at December 31, 2019.		30,000			30,000
Common stock 5,000,000,000 shares authorized, $0.001 value, and 1,516,109,317 Issued and outstanding at September 30, 2020 and 150,590,887 outstanding at December 31, 2019, respectively.		1,516,109			150,591
Common shares sold not issued 5,000,000 at September 30, 2020 and -0- at December 31, 2019		5,000			-
Additional paid-in capital		3,754,485			4,887,091
Accumulated deficit		(7,360,670	)		(6,561,508	)
Total Stockholders’ Deficit		(2,055,076	)		(1,493,826	)
Total Liabilities and Stockholders’ Deficit	$	461,542		$	740,556

See accompanying notes to the unaudited consolidated financial statements.

4

ABCO ENERGY, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2019 AND 2018

(UNAUDITED)

	For the Three Months Ended						For the Nine Months Ended
	September 30, 2020			September 30, 2019			September 30, 2020			September 30, 2019
Revenues	$	246,102		$	512,988		$	768,133		$	1,626,614
Cost of Sales		281,419			325,366			715,739			1,004, 252
Gross Profit		(35,317	)		187,622			52,394			622,362
Operating Expenses:
Payroll		9,645			90,720			94,126			304,309
Payroll taxes		30,085			12,070			57,215			46,258
Share based expense		-			-			14,500			-
Consulting		25,019			15,067			45,028			39,604
Corporate expense		13,998			14,962			32,449			34,055
Professional fees		45,273			21,301			92,564			96,733
Rent		8,311			8,362			25,536			26,137
Insurance		40,429			12,176			60,239			49,064
Other administrative expenses		17,099			31,848			233,612			112,212
Total operating expense		189,859			206,506			655,269			708,372
Net income (Loss) from operations		(225,176	)		(18,884	)		(602,875	)		(86,010	)
Other expenses
Interest on notes payable		(20,975	)		(105,010	)		(37,657	)		(210,998	)
Loss on note issuance derivatives		(25,836	)
Change in Derivative Gain (Loss)		(157,575	)		64,093			(157,575	)		(113,840	)
Finance Fees – derivatives		1,605			(57,075	)		(1,055	)		(57,075	)
Gain (Loss) on extinguishment of debt											(244,712	)
Total other expenses		(202,781	)		(97,992	)		(196,287	)		(626,625	)
Net (Loss) before provision for income taxes		(427,957	)		(116,876	)		(799,162	)		(712,635	)
Provision for income tax		-			-			-			-
Net (loss)	$	(427,957	)	$	(116,876	)	$	(799,162	)	$	(712,635	)
Net (loss) Per Share (Basic and Fully Diluted)	$	(.01	)	$	(.01	)	$	(.01	)	$	(.01	)
Weighted average number of common shares used in the calculation – Adjusted for reversal		1,280,322,222			63,392,630			835,850,102			47,639,460

See accompanying notes to the consolidated financial statements.

5

ABCO ENERGY, INC.

CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2020

AND FOR THE YEAR ENDED DECEMBER 31, 2019

(UNAUDITED)

	Common Stock
	Shares		Amount $0.001 Par		Preferred Stock		Additional Paid in Capital			Accumulated Deficit			Total Stockholders’  Deficit
Balance at December 31, 2018		32,756,288	$	32,756	$	30,000	$	4,379,793		$	(5,180,431	)	$	(737,882	)
Common shares issued under private placement offering - net of expenses		4,740,000		4,740				75,516						80,256
Common shares issued for conversion of convertible debenture notes - net of expenses		113,094,599		113,095				30,132						143,227
Re-class derivative liability from conversion								401,650						401,650
Net (loss) for the year											(1,381,327	)		(1,381,327	)
Balance at December 31, 2019		150,590,887	$	150,591	$	30,000	$	4,887,091		$	(6,561,508	)	$	(1,493,826	)
Common shares issued for conversion of convertible debenture notes - net of expenses		1,365,518,430		1,365,518				(1,090,281	)					275,237
Shares to be issued for compensation		5,000,000		5,000				9,500						14,500
Expenses of capital stock issuances								(23,000	)					(23,000	)
Derivative changes to APIC								(28,825	)					(28,825	)
Net (loss) for the nine months ended September 30, 2020											(799,162	)		(799,162	)
Balance at September 30 2020		1,521,109,317	$	1,521,109	$	30,000	$	3,754,485		$	(7,360,670	)	$	(2,055,076	)

See accompanying notes to the consolidated financial statements. 

6

ABCO ENERGY, INC.

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019

(UNAUDITED)

	September 30,			September,
	2020			2019
Cash Flows from Operating Activities:
Net income (loss)	$	(799,162	)	$	(712,635	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation		6,593			7,915
Shares issued for compensation		14,500
Inventory change		-			(7921	)
Change in amortizable debt discount		-			14,662
Finance fees on derivatives		1,055			57,075
Change in derivative liability		45,972			113,841
Gain or loss on extinguishment of debt		-			244,712
Changes in Accounts receivable on incomplete projects		432,391			145,542
Change in prepaid expense and OID		57,348			(23,201	)
Billings in excess of costs on incomplete projects		118,349			109,890
Accounts payable and accrued expenses		6,861			(28,398	)
Net cash used in operating activities		(116,093	)		(78,518	)
Cash flows from investing activities
Equipment purchased		(12,770	)		(2,213	)
Change in security deposits		2,500			-
Proceeds from investments in long term leases		141			6,458
Net cash provided by (used for) investing activities		(10,129	)		4,245
Cash Flows from Financing Activities:
Proceeds from sale of common stock – net of expenses		237,912			15,867
Proceeds of  affiliate loans		74,700			25,417
Proceeds from merchant loans		-			209,500
Payments on merchant notes		(57,470	)		(170,517	)
Payments or proceeds from material lender – net of expenses		(206,993	)		(46,192	)
Payments or proceeds on long term debt		259,756			-
Proceeds from convertible note payable		(73,058	)		362,000
Payments and conversion of convertible notes		(84,601	)		(277,000	)
Net cash provided by financing activities		150,246			119,075
Net increase (decrease) in cash		24,024			44,802
Cash, beginning of period		12,620			67,707
Cash, end of period	$	36,644		$	112,509

Supplemental disclosures of cash flow information:

Cash paid for interest	$	37,657	$	210,998
Income taxes paid or accrued		-		-
Share based compensation	$	14,500	$	-

See accompanying notes to the consolidated financial statements.

7

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019AND DECEMBER 31, 2019

(UNAUDITED)

Note 1 – Overview and Description of the Company

ABCO Energy, Inc. was organized on July 29, 2004 and operated until July 1, 2011 as Energy Conservation Technologies, Inc. (ENYC).  On July 1, 2011 ENYC entered into a share exchange agreement (SEA) with ABCO Energy, Inc. (“Company”) and acquired all the assets of ABCO.  ENYC changed its name to ABCO Energy, Inc. on October 31, 2011.  As a result of the SEA, the outstanding shares of ENYC as of June 30, 2011 were restated in a one for twenty three (1 for 23) reverse stock split prior to the exchange to approximately 9% of the post-exchange outstanding common shares of the Company.

On January 13, 2017, the Board of Directors of the Company approved a reverse stock split of its common stock, at a ratio of 1-for-10 (the “Reverse Stock Split”).  The Reverse Stock Split became effective with FINRA (the Financial Industry Regulatory Authority) and in the marketplace on January 13, 2017 (the “Effective Date”), whereupon the shares of common stock began trading on a split adjusted basis.  As a result of the Reverse Stock Split the number of authorized shares of common stock was reduced to 50,000,000 from 500,000,000 shares.  The Company held a Special Meeting of Stockholders in May 2017 which authorized an amendment to the Articles of Incorporation to increase the authorized common share capital to 2,000,000,000 common shares and 100,000,000 preferred shares.  Thereafter, on September 27, 2017, by written consent the holders of a majority of the outstanding shares voted to authorize an additional amendment to increase the authorized common shares to 2,000,000,000 shares.

On December 23, 2018 the Board of Directors of the Company approved a reverse stock split of its common stock, at a ratio of 1-for-20 (the “Reverse Stock Split”).  The Reverse Stock Split became effective with FINRA (the Financial Industry Regulatory Authority) and in the marketplace on December 23, 2018 (the “Effective Date”), whereupon the shares of common stock began trading on a split adjusted basis.  

On November 8, 2018, by written consent the holders of a majority of the outstanding shares voted to authorize an additional amendment to increase the authorized common shares to 5,000,000,000 shares. All share numbers through-out these financial statements and notes thereto have been adjusted to reflect this reverse split.

The Company is in the Photo Voltaic (PV) solar systems industry, the LED and energy efficient commercial lighting business and is an electrical product and services supplier. In 2018 ABCO entered the HVAC business with the acquisition of a small company’s assets and qualifying license. The Company plans to build out a network of operations in major cities in the USA to establish a national base of PV, HVAC, lighting and electrical service operations centers. This combination of services, solar and electric, provides the Company with a solid base in the standard electrical services business and a solid base in the growth markets of solar systems industry.

DESCRIPTION OF PRODUCTS

ABCO sells and installs Solar Photovoltaic electric systems that allow the customer to produce their own power on their residence or business property. These products are installed by our crews and are purchased from both USA and offshore manufacturers. We have available and utilize many suppliers of US manufactured solar products from such companies as Mia Soleil, Canadian Solar, Westinghouse Solar and various Italian, Korean, German and Chinese suppliers. In addition, we purchase from several local and regional distributors whose products are readily available and selected for markets and price. ABCO offers solar leasing and long term financing programs from Service Finance Corporation, Green Sky, AEFC and others that are offered to ABCO customers and other marketing and installation organizations.

ABCO also sells and installs energy efficient lighting products, solar powered street lights and lighting accessories. ABCO contracts directly with manufacturers to purchase its lighting products which are sold to residential and commercial customers.

ABCO has Arizona statewide approval as a registered electrical services and solar products installer and as an air conditioning and refrigeration installer. Our license is ROC 258378 Electrical and ROC 323162 HVAC and we are fully licensed to offer commercial and residential electrical services, HVAC and Solar Electric.

8

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019

AND THE YEAR ENDED DECEMBER 31, 2019

ABCO has Three subsidiaries, ABCO Solar, Inc. an Arizona Corporation which provides solar and electric services and products, Alternative Energy Finance Corporation, (AEFC) a Wyoming Company which provides funding for leases of photovoltaic systems, and ABCO Air Conditioning Services, Inc., an Arizona Corporation which sells residential and commercial air conditioning equipment and services in Arizona. In addition, AEFC has two subsidiaries, Alternative Energy Solar Fund, LLC, and Arizona limited liability company that was formed to invest in solar projects and Alternative Energy Finance Corporation, LLC, an Arizona limited liability company formed so AEFC could do business in Arizona.

Note 2 – Summary of significant accounting policies

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition and results of operations are based on our financial statements, which have been prepared in accordance with U.S. generally accepted accounting principles, or “GAAP.” The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses. Intercompany transactions and balances have been eliminated. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. We have identified the following to be critical accounting policies whose application have a material impact on our reported results of operations, and which involve a higher degree of complexity, as they require us to make judgments and estimates about matters that are inherently uncertain.

Cash and Cash Equivalents

There are only cash accounts included in our cash equivalents in these statements. For purposes of the statement of cash flows, the Company considers all short-term securities with a maturity of three months or less to be cash equivalents. There are no short term cash equivalents reported in these financial statements.

Fixed Assets

Property and equipment are to be stated at cost less accumulated depreciation. Depreciation is recorded on the straight-line basis according to IRS guidelines over the estimated useful lives of the assets, which range from three to ten years. Maintenance and repairs are charged to operations as incurred.

Revenue Recognition

The Company generates revenue from sales of solar products, LED lighting, installation services and leasing fees. During the last two fiscal years, the company had product sales as follows:

Sales Product and Services Description	September 30, 2020				September 30, 2019
Solar PV residential and commercial sales	$	615,687	70	%	$	1,574,349	98	%
Air conditioning sales and service		77,018	15	%
Energy efficient lighting & other income		75,219	15	%		51,733	2	%
Interest Income		209	-	%		532	-	%
Total revenue	$	768,133	100	%	$	1,626,614	100	%

The Company recognizes product revenue, net of sales discounts, returns and allowances. These statements establish that revenue can be recognized when persuasive evidence of an arrangement exists, delivery has occurred, and all significant contractual obligations have been satisfied, the fee is fixed or determinable, and collection is considered probable. 

Our revenue recognition is recorded on the percentage of completion method for sales and installation revenue and on the accrual basis for fees and interest income.  We recognize and record income when the customer has a legal obligation to pay.  All our revenue streams are acknowledged by written contracts for any of the revenue we record.  There are no differences between major classes of customers or customized orders.  We record discounts, product returns, rebates and other related accounting issues in the normal business manner and experience very small number of adjustments to our written contractual sales.  There are no post-delivery obligations because warranties are maintained by our suppliers. Our lease fees are earned by providing services to contractors for financing of solar systems.  Normally we will acquire the promissory note (lease) on a leased system that will provide cash flow for up to 20 years.  Interest is recorded on the books when earned on amortized leases.

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ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019

AND THE YEAR ENDED DECEMBER 31, 2019

Accounts Receivable and work-in-progress

The Company recognizes revenue upon delivery of product to customers and does not make bill-and-hold sales.  Contracts spanning reporting periods are recorded on the percentage of completion method, based on the ratio of total costs to total estimated costs by project, for recognition of revenue and expenses.  Accounts receivable includes fully completed and partially completed projects and partially billed statements for completed work and product delivery.  The Company records a reserve for bad debts in the amount of 2% of earned accounts receivable.  When the Company determines that an account is uncollectible, the account is written off against the reserve and the balance to expense.  If the reserve is deemed to be inadequate after annual reviews, the reserve will be increased to an adequate level.

Inventory

The Company records inventory of construction supplies at cost using the first in first out method.  After review of the inventory on an annual basis, the Company discounts all obsolete items to fair market value and has established a valuation reserve of 10% of the inventory at total cost to account for obsolescence. As of December 31, 2019, all inventory was written off. Inventory at September 30, 2020, was $0 and at September 30, 2019 was $61,870.

Income Taxes

The Company has net operating loss carryforwards as of September 30, 2020 totaling approximately $4,988,933 net of accrued derivative liabilities and stock-based compensation, which are assumed to be non-tax events. A deferred 21% tax benefit of approximately $1,047,676 has been offset by a valuation allowance of the same amount as its realization is not assured. The full realization of the tax benefit associated with the carry-forward depends predominately upon the Company’s ability to generate taxable income during future periods, which is not assured.

The Company files in the US only and is not subject to taxation in any foreign country. There are three open years for which the Internal Revenue Service can examine our tax returns so 2016, 2017 and 2018 are still open years and 2019 will replace 2016 when the tax return is filed.

Fair Values of Financial Instruments

ASC 825 requires the Corporation to disclose estimated fair value for its financial instruments.  Fair value estimates, methods, and assumptions are set forth as follows for the Corporation’s financial instruments.  The carrying amounts of cash, receivables, other current assets, payables, accrued expenses and notes payable are reported at cost but approximate fair value because of the short maturity of those instruments. The Company evaluates derivatives based on level 3 indicators.

ASC 825 requires the Corporation to disclose estimated fair value for its financial instruments.  Fair value estimates, methods, and assumptions are set forth as follows for the Corporation’s financial instruments.  The carrying amounts of cash, receivables, other current assets, payables, accrued expenses and notes payable are reported at cost but approximate fair value because of the short maturity of those instruments.

The Company measures assets and liabilities at fair value based on expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale date of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.

The following are the hierarchical levels of inputs to measure fair value:

Level 1:  Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2:  Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3:  Unobservable inputs reflecting the Company’s assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.    

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ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019

AND THE YEAR ENDED DECEMBER 31, 2019

The carrying amounts of the Company’s financial assets and liabilities, such as cash, accounts payable and accrued expenses, approximate their fair values because of the current nature of these instruments. Debt approximates fair value based on interest rates available for similar financial arrangements. Derivative liabilities which have been bifurcated from host convertible debt agreements are presented at fair value. See note __ for complete derivative and convertible debt disclosure.

Derivative Financial Instruments

Fair value accounting requires bifurcation of embedded derivative instruments such as convertible features in convertible debts or equity instruments, and measurement of their fair value for accounting purposes. In determining the appropriate fair value, the Company uses the binomial option-pricing model. In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if there is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional convertible debt, the Company will continue its evaluation process of these instruments as derivative financial instruments.  

Once determined, derivative liabilities are adjusted to reflect fair value at each reporting period end with any increase or decrease in the fair value being recorded in results of operations as an adjustment to fair value of derivatives. In addition, the fair value of freestanding derivative instruments, such as warrants, are also valued using the binomial option-pricing model.

Stock-Based Compensation

The Company accounts for employee and non-employee stock awards under ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable.  

Effects of Recently Issued Accounting Pronouncements

The Company has reviewed all recently issued accounting pronouncements and have determined the following have an effect on our financial statements:

Stock-Based Compensation

The Company accounts for employee and non-employee stock awards under ASC 505 and ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable. For employees, the Company recognizes compensation expense for share-based awards based on the estimated fair value of the award on the date of grant and the probable attainment of a specified performance condition or over a service period.

Per Share Computations

Basic net earnings per share are computed using the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares and the dilutive potential common shares outstanding during the period. All shares were considered anti-dilutive at December 31, 2019. Potentially dilutive share issues are: 1) all unissued common shares sold, 2) all convertible debentures have a possibility of a large number of shares being issued and would result in a larger number of shares issued if the price remains low, 3) the preferred stock of the company held by insiders is convertible into common shares and the preferred stock is voted on a 20 to 1 basis, 4) all options issued. All of the above are potential dilutive items.

 Note 3 – Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. Since its inception, the Company has been engaged substantially in financing activities and developing its business plan and marketing. The Company incurred a net loss of $(799,162), the net cash flow used in operations was $(116,093) and its accumulated net losses from inception through the period ended September 30, 2020 is $(7,360,670), which raises substantial doubt about the Company’s ability to continue as a going concern. In addition, the Company’s development activities since inception have been financially sustained through capital contributions from shareholders.

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ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019

AND THE YEAR ENDED DECEMBER 31, 2019

The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital from the sale of common stock or through debt financing and, ultimately, the achievement of significant operating revenues. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities that might result from this uncertainty.

Note 4 – Accounts Receivable

Accounts receivable as of September 30, 2020 and 2019, consists of the following:

Description	September 30, 2020		September 30, 2019
Accounts receivable on completed contracts	$	31,242	$	30,408
Costs and estimated earnings on contracts in progress		-		243,693
Total	$	31,242	$	274,101

Costs and Estimated Earnings on projects are recognized on the percentage of completion method for work performed on contracts in progress at September 30, 2020 and September 30, 2019.

The Company records contracts for future payments based on contractual agreements entered into at the inception of construction contracts. Amounts are payable from customers based on milestones established in each contract. Larger contracts are billed and recorded in advance and unearned profits are netted against the billed amounts such that accounts receivable reflect current amounts due from customers on completed projects and amounts earned on projects in process are reflected in the balance sheet as costs and estimated earnings in excess of billings on contracts in progress. Excess billings on contracts in process are recorded as liabilities and were $194,401 at September 30, 2020 and $76,052 at September 30, 2019.

Note 5 – Inventory

Inventory of construction supplies not yet charged to specific projects was $0.00 at September 30, 2020, and $ 61,870 as of September 30, 2019. The Company values items of inventory at the lower of cost or net realizable value and uses the first in first out method to charge costs to jobs. The Company wrote off all of its inventory during 2019. 

Note 6 – Security deposits and Long Term Commitments

The Company has paid security deposits on the rented spaces it occupies for offices and warehouse which total $2,700 on September 30, 2020 and at December 31, 2019. The Company also made a deposit in the amount of $2,500 on a business purchase that was abandoned and this deposit was refunded during 2020.

On May 1, 2014, the Company rented office and warehouse space at 2100 N. Wilmot #211, Tucson, Arizona 85712. This facility consists of 3,600 square feet. The Company now has one month remaining on a one year lease with monthly rent of $2,741 which was renewed on November 1, 2019 to a term of one year. ABCO has a forward commitment of $2741 for the next four months. Subsequent to this statement, the Company moved into its own building that was purchased in 2019 and abandoned the Wilmot Avenue space. It now occupies 4,800 square foot of office and warehouse space and one-half acre of land.

Note 7 – Investment in long term leases

Long term leases recorded on the consolidated financial statements were $3,995 at September 30, 2020 and $4,136 at December 31, 2019 respectively. During the year ended December 31, 2019 one of the leases owned by AEFC was paid in full by the customer and the Company recorded net proceeds of $6,376.

12

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019

AND THE YEAR ENDED DECEMBER 31, 2019

Note 8 – Fixed Assets

The Company has acquired all its office and field work equipment with cash payments and financial institution loans. The total fixed assets consist of land and building, vehicles, office furniture, tools and various equipment items and the totals are as follows:

	September 30,			December 31,
Asset	2020			2019
Land and Building	$	326,400		$	326,400
Equipment		134,326			121,556
Accumulated depreciation		(105,978	)		(93,018	)
Fixed Assets, net of accumulated depreciation	$	354,748		$	354,938

Depreciation expenses for the six months ended September 30, 2020 and 2019 was $6,593 and $7,915 respectively.

On December 31, 2019 the Company purchased a building at 2505 N Alvernon consisting of 4,800 SF building and approximately ½ acre of land. The property was financed by a $25,000 loan from Green Capital (GCSG) and a mortgage from the seller for the $300,000 balance. The purchase price was $325,000 plus closing costs of $1,400.

Note 9 – Notes Payable from Officers and Related Party Transactions

Related party notes payable as of September 30, 2020 and December 31, 2019 consists of the following:

Description	September 30, 2020		December 31, 2019
Notes payable – Director bearing interest at 12% per annum, unsecured, demand notes.	$	60,000,	$	60,000
Note payable – Mr. O’Dowd bearing interest at 12% per annum, unsecured, demand note		61,052		61,052
Note payable – other bearing interest at 12% per annum, unsecured, demand note.		202,206		127,506
Total	$	323,258	$	248,558

The first note in the amount of $60,000 provides for interest at 12% per annum and is unsecured. This note resulted in an interest charge of $41,448 accrued and unpaid at September 30, 2020 and $36,061 at December 31, 2019.

The second note has a current balance of $61,052 as of September 30, 2020. The note is an unsecured demand note and bears interest at 12% per annum. This note resulted in an interest charge of $32,848 accrued and unpaid at September 30, 2020 and $27,368 at December 31, 2019.

The third note is from a related party and has a current balance of $202,206 as of December 31, 2020. The note is an unsecured demand note and bears interest at 12% per annum. This note resulted in an accumulated interest charge of $45,516 accrued and unpaid at September 30, 2020 and $28,556 at December 31, 2019. 

The combined total funds due to Officers and related parties totaled $443,069 with principle and interest at September 30, 2020.

13

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019

AND THE YEAR ENDED DECEMBER 31, 2019

Note 10 – Short Term Notes Payable

Description	September 30, 2020		December 31, 2019
Bill’d Exchange, LLC, an equipment capital lender, initial financing August 2, 2019, finances equipment for commercial contracted customers in varying amounts	$	32,859	$	239,852
Merchant loan – Knight Capital Funding, LLC		38,694		61,747
Merchant loan – Pearl lending		51,750		65,664
Merchant loan – Green Capital		14,748		35,250
Private money loan from Perfectly Green Corporation, borrowed January 22, 2018, bearing interest at 3% per annum, unsecured (3) demand note-Original balance $60,000, current balance		33,754		33,754
Total	$	171,805	$	436,267

Bill’d Exchange, LLC, a customer equipment capital lender, made their initial financing on August 2, 2019. They finance equipment for commercial contracted customers in varying amounts. These loans bear interest at varying rates and are paid weekly for the amount of interest due on the account at each date. Each loan is secured by the accounts receivable from the customer and by personal guarantee of an affiliated officer of ABCO Solar, Inc.

On January 30, 2019 the Company borrowed $153,092 including principal and interest from Knight Capital Funding, LLC, and [“KCF”] bearing interest at 23% per annum, unsecured.  This loan was refinanced on August 10, 2019 and replaced with a new loan of $144,900 from KCF. The balance and accrued interest at December 31, 2019 was $61,747. On February 18, 2020 ABCO defaulted on this loan due to the reduction in business from Covid-19. As of the date of filing this report, no arrangements for resuming payments had been accomplished. The last adjusted balance at the date of default was $38,694.

On December 6, 2019 the Company borrowed $52,174 from Pearl Delta Funding that contained a repayment in the amount of $72,000 in 160 payments of $450.  This unsecured note bears interest at the imputed rate of approximately 36% per annum. The unpaid balance of principle and interest at December 31, 2019 was $65,664. On February 18, 2020 ABCO defaulted on this loan due to the reduction in business from Covid-19. As of the date of filing this report, no arrangements for resuming payments had been accomplished but the balance had been reduced to $51,750 through payments to the date of default

On December 31, 2019 ABCO borrowed $25,000 from Green Capital Funding, LLC.  The proceeds from this loan were used to acquire the real estate purchased on the date of the loan.  This unsecured loan bears interest at approximately 36%   and has a repayment obligation in the amount of $35,250 in 76 payments. The unpaid balance of principle and interest at December 31, 2019 was $35,250. On February 18, 2020, ABCO defaulted on this loan due to the reduction in business from Covid-19. As of the date of filing this report, no arrangements for resuming payments had been accomplished however the Company has been paying $1,000 for per month for the three months ended September 30, 2020 and has reduced the balance to $14,748 as of the date of this report.

On January 22, 2018 the Company borrowed $60,000 from Perfectly Green Corporation, a Texas corporation.  The Company repaid $26,246 leaving a balance of $33,754 at September 30, 2020 and December 31, 2019. The note bears interest at 3% per annum and is payable upon demand after 60 days’ notice which can be requested at any time after May 31, 2018.

14

Note 11 – Convertible debentures -net of discounts

During the year ended December 31, 2019, the Company funded operations with borrowing on new convertible promissory notes. This table presents the positions on the notes as of September 30, 2020.

Holder	Date   of Loan		Loan amount		OID and discounts   and fees		Interest  rate			Balance December 31, 2019		Balance September 30, 2020
Power Up Lending Group Ltd		5-13-19	$	96,300	$	13,300		8	%	$	4,300	$	0
Power Up Lending Group Ltd		8-14-19		68,000		13,000		8	%		68,000		0
Power Up Lending Group Ltd		9-11-19		76,000		13,000		8	%		76,000		57,450
Crown Bridge Tranche 1		8-8-19		50,000		5,000		8	%		50,000		23,540
Oasis Capital		9-1-18		150,000		124,671					274,671		243,509
Totals and balances for 6-30-2020			$	442,300	$	164,471				$	472,971	$	324,499

The Financial Accounting Standard ASC 815 Accounting for Derivative Instruments and Hedging Activities require that instruments with embedded derivative features be valued at their market values. The Black Scholes model was used to value the derivative liability for the fiscal year ending December 31, 2019 and December 31, 2018. The initial valuation of the derivative liability on the non-converted common shares totaled $207,081 at December 31, 2019. This value includes the fair value of the shares that may be issued according to the contracts of the holders and valued according to our common share price at the time of acquisition. 

The Company issued to Power Up Lending Group, Inc. a $96,300 Convertible Promissory Note dated May 13, 2019 which contains an original issue discount of $10,000 (OID) and expenses of $3,300 [“Note”]. The Note is convertible into Company common stock beginning six months after the date of the Note with a stated discount rate of 19% as set forth in the Note. There is no trigger of derivative liability from conversion features until six months after initial borrowing date.  Without the OID, the effective discount would have been 35%. The net proceeds from this Note were used for working capital. $92,000 of this note was converted in 2019 and 2020. The balance of $4,300 was converted during the nine months ended September 30, 2020.

The Company issued to Power Up Lending Group, Inc. [“Power Up”], a $68,000 Convertible Promissory Note dated August 14, 2019 [“Note”] which contains an original issue discount of $10,000.00 (OID) and expenses of $3,000.00 [“Note”]. The Note is convertible into Company common stock beginning six months after the date of the Note with an effective discount rate of approximately 19% upon conversion. There is no trigger of derivative liability from conversion features until six months after initial borrowing date.  Without the OID, the effective discount rate would be 35% as set forth in the Note. The net proceeds from the Note, was used for working capital. $68,000 of this note was converted during the six months ended September 30, 2020.

The Company issued to Power Up Lending Group, Inc. [“Power Up”], a $76,000 Convertible Promissory Note dated September 11, 2019 [“Note”] which contains an original issue discount of $10,000.00 (OID) and expenses of $3,000.00 [“Note”]. The Note is convertible into Company common stock beginning six months after the date of the Note with an effective discount rate of approximately 19 % upon conversion. There is no trigger of derivative liability from conversion features until six months after initial borrowing date.  Without the OID, the effective discount rate would be 35% as set forth in the Note. The net proceeds from the Note, was used for working capital. $18,550 of this note was converted during the nine months ended September 30, 2020.

On August 8, 2019 the Company issued to Crown Bridge Partners, LLC a Convertible Promissory Note which contains an original issue discount of $15,000 and expenses of $6,000 [“Note”].  ABCO has borrowed the first tranche of $50,000 and paid the expenses of $5,000 of this agreement. The note is divided into 3 tranches with the 1st being executed on August 8, 2019 and the remaining 2 tranches to be issued at Company’s discretion. The note is convertible into Company common stock beginning six months after the date of the effective date of each tranche with a stated discount rate of 36%. There is no trigger of derivative liability from conversion features until six months after initial borrowing date. At the time of the Buyer’s funding of each tranche under the Note, the Company shall issue to Buyer as a commitment fee, a common stock purchase warrant to purchase an amount of shares of its common stock equal to 150% of the face value of each respective tranche divided by $0.05 (for illustrative purposes, the First Tranche face value is equal to $50,000, which resulted in the issuance of a warrant to purchase 1,500,000 shares of the Company’s common stock) pursuant to the terms provided therein (all warrants issuable hereunder, including now and in the future, shall be referred to, in the aggregate, as the “Warrant”) (all warrants issuable hereunder shall be in the same form as the Warrant issued in connection with the First Tranche). The net proceeds from this Note were used for working capital. A conversion feature is associated with this note and prorated from August 8, 2019 to September 30, 2019 in the amount of $4,314. The derivative liability calculation on this note due to its immediate convertibility resulted in a charge to income of $57,075 and a liability in the amount of $71,764. Management does not intend to exercise the last two options to borrow on this note. $26,460 of this note was converted during the three months ended September 30, 2020.

15

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019

AND THE YEAR ENDED DECEMBER 31, 2019

As of February 16, 2019, the Company issued to Power Up, a $55,000.00 of shares of the Series C Preferred Stock agreement (Note) net of an original issue discount of $10,000.00 (OID) and expenses of $3,000.00 [“Note”]. The Note was convertible into Company common stock beginning six months after the Effective Date with an effective discount rate of approximately 20%. The OID on this issue that is paid out of proceeds allows a lower purchase price if the Company purchases this liability. The Company redeemed this note for $106,145 before Power up converted it to common stock, so no dilution took place.

As of March 19, 2019, the Company issued to Power Up, a $55,000.00 of shares of the Series C Preferred Stock agreement net of an original issue discount of $10,000.00 (OID) and expenses of $3,000.00 [“Note”]. The Note is convertible into Company common stock beginning six months after the Effective Date with an effective discount rate of approximately 20%. The OID on this issue that is paid out of proceeds allows a lower purchase price if the Company purchases this liability.

As of September 1, 2018 the Company entered into an Equity Purchase Agreement with Oasis Capital, LLC, a Puerto Rico limited liability company (“Investor”) pursuant to which Investor agreed to purchase up to $5,000,000 of the Company’s common stock at a price equal to 85% of the market price at the time of purchase (“Put Shares”). The Company agreed to file a new registration statement to register for resale the Put Shares. The Registration Statement must be effective with the SEC before Investor is obligated to purchase any Put Shares. In addition, the Company [i] issued to Investor a one year $150,000 note which is convertible at a fixed price of $.01 per share as a commitment fee for its purchase of Put Shares and [ii] delivered to Investor a Registration Rights Agreement pursuant to which the Company agreed to register all Put Shares acquired under the Equity Purchase Agreement. During 2019, Investor converted $19,405 of principal of the Note and received 22,392,161 shares of common stock. At December 31, 2019, the Note balance was $130,595. Due to change in accounting treatment this note was booked as a prepaid expense with add-on penalties for a total of $144,076 and a liability of $274,671.  The difference is charged to expenses for penalties, derivatives and derivative interest in the amount of $144,076. The entire balance of the prepaid amount has been expensed in the amount of $274,671 in 2019. The liability for this note was not recorded in 2018 because the note had not yet matured. During the nine months ended June 30, 2020 Oasis converted $31,162 into shares. The balance on the original note including interest and penalties was $62,956 at September 30, 2020.

As of January 21, 2020 (“Effective Date”), the Company issued to Oasis a $208,000 Promissory Note, net of a prorated original issue discount of $16,000 (“Note”). The Company received $34,000 (“First Tranche”) and the Second in the amount of $25,000 was received in the 1st quarter. The Third Tranches under this Note were due in February and March 2020, respectively. In addition, the note caries an $8,000 credit for Oasis transactional expenses. There have been no additional loans from the transaction since tranche one and two totaling $59,000. Each Tranche matures nine months from the effective date of each such payment. The Company also agreed to issue to Oasis 5,000,000 shares of common stock as an incentive/commitment fee in connection with the transactions. The Company valued these shares at $14,500 and they are listed on the balance sheet under the cation Common Shares to be issued. The Company was required to use the proceeds received from the Note to retire currently outstanding convertible debt from two lenders which have not yet matured for conversion. The Note becomes convertible into common stock six months after the Effective Date at a 35% discount to market. The cash value of this note at September 30, 2020 was recorded at $180,553 including principal, fees and interest.

The combination of the two notes at September 30 2020 have a recorded balance of $243,509. Oasis and the Company have agreed to negotiate this commitment after the Company is current on its filings. Subsequent to the date of this statement, Oasis converted the entire remaining balance of $62,956 into shares of stock.

Note 12 – Fair Value Measurements

The Company complies with the provisions of FASB ASC No. 820, Fair Value Measurements and Disclosures (“ASC 820”), in measuring fair value and in disclosing fair value measurements at the measurement date. ASC 820 defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements required under other accounting pronouncements. FASB ASC No. 820-10-35, Fair Value Measurements and Disclosures- Subsequent Measurement (“ASC 820-10-35”), clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820-10-35-3 also requires that a fair value measurement reflect the assumptions market participants would use in pricing an asset or liability based on the best information available. Assumptions include the risks inherent in a particular valuation technique (such as a pricing model) and/or the risks inherent in the inputs to the model.

16

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019

AND THE YEAR ENDED DECEMBER 31, 2019

The following table shows the change in the fair value of the derivative liabilities on all outstanding convertible debt at September 30,2020 and at December 30,2019:

Description	September 30,  2020			December 31,  2019
Purchase price of the convertible debenture - net of discount	$	442,300		$	442,300
Valuation reduction during the period		(298,354	)		(344,326	)
Balance of derivative liability net of discount on the notes (See Consolidated Balance sheet liabilities)	$	143,946		$	97,974
Derivative calculations and presentations on the Statement of Operations
Loss on note issuance				$	-
Change in Derivative (Gain) Loss		(157,575	)		(48,453	)
Derivative Finance fees		(1,055	)		(318,972	)
Gain (loss) on extinguishment of debt					(244,712	)
Derivative expense charged to operations in 2020 and 2019 (See Consolidated Statement of Operations)	$	(158,630	)	$	( 612,137	)

Note 13 – Long term debt

Holder	Date issued		Interest rate			Amount due September 30, 2020		Amount due December 31, 2019
Real Estate Note Allen-Neisen Family trust – Et. Al.		12-31-19		5	%	$	291,914	$	300,000
US Treasury EIDL payroll loan (Forgivable		5-04-20		1	%		124,099		-
US Treasury SBA guaranteed loan		7-21-20		3.75	%		149,900		-
Ascentium Capital		10-1-18		13	%		7,024		11,192
Fredrick Donze		9-2-18		6	%		3,733		4,043
Charles O’Dowd (officer)		8-9-18		6	%		1,946		3,625
Total long term debt							578,616		318,860
Less Current portion							16,717		18,860
Total long-term debt						$	561,899	$	300,000

On December 31, 2019 ABCO completed negotiations, financial arrangements and closed on the purchase of a 4,800 square foot office and warehouse building located on one/half acre of paved land on one of Tucson’s busiest streets. This property will be more than adequate to house both the Solar business (Now 3600 SF and the HVAC business (now 2000 SF) including our previously announced acquisition of a Tucson HVAC service and equipment supplier. The land and outbuildings will accommodate all of our equipment. The property acquisition was priced at $325,000 the company paid $25,000 down payment and the seller financed $300,000 over a twenty-year mortgage based on a twenty year amortization and a 5% interest rate with a balloon payment at the end of five (5) years. The monthly payment is $1,980.

17

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019

AND THE YEAR ENDED DECEMBER 31, 2019

On May 3, 2020, Company entered into a promissory note evidencing an unsecured loan in the amount of $124,099.00 made to the Company under the Paycheck Protection Program (the “Loan”).  The Paycheck Protection Program (or “PPP”) was established under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), and is administered by the U.S. Small Business Administration.  The Loan to the Company is being made through Bank of America, N.A., a national banking association (the “Lender”). The interest rate on the Loan will not exceed 1.00%.  The promissory note evidencing the Loan contains customary events of default relating to, among other things, payment defaults, making materially false and misleading representations to the SBA or Lender, or breaching the terms of the Loan documents.  The occurrence of an event of default may result in the repayment of all amounts outstanding, collection of all amounts owing from the Company, or filing suit and obtaining judgment against the Company. Under the terms of the CARES Act, PPP loan recipients can apply for and be granted forgiveness for all or a portion of loan granted under the PPP.  Such forgiveness will be determined, subject to limitations, based on the use of loan proceeds for payment of payroll costs and any payments of mortgage interest, rent, and utilities.  No assurance is provided that the Company will obtain forgiveness of the Loan in whole or in part.  If the SBA does not confirm forgiveness of the Loan or only partly confirms forgiveness of the Loan, including principal and interest (“Loan Balance”); then, in either such case, the Lender will establish the terms of repayment of the Loan Balance via a separate letter to the Company, containing the amount of each monthly payment, the interest rate, etc.

On July 21, 2020 the Company received an SBA loan from Bank of America in the amount of $150,000 that is guaranteed by the US Treasury Department. Installment payments, including principal and interest, of $731.00 Monthly, will begin Twelve (12) months from the date of the promissory Note. The balance of principal and interest will be payable Thirty (30) years from the date of the promissory Note. Interest will accrue at the rate of 3.75% per annum and will accrue only on funds actually advanced from the date(s) of each advance. Each payment will be applied first to interest accrued to the date of receipt of each payment, and the balance, if any, will be applied to principal.  For loan amounts of greater than $25,000, Borrower hereby grants to SBA, the secured party hereunder, a continuing security interest in and to any and all “Collateral” as described herein to secure payment and performance of all debts, liabilities and obligations of Borrower to SBA hereunder without limitation, including but not limited to all interest, other fees and expenses (all hereinafter called “Obligations”). The Collateral includes the following property that Borrower now owns or shall acquire or create immediately upon the acquisition or creation thereof: all tangible and intangible personal property, including, but not limited to: (a) inventory, (b) equipment, (c) instruments, including promissory notes (d) chattel paper, including tangible chattel paper and electronic chattel paper, (e) documents, (f) letter of credit rights, (g) accounts, including health-care insurance receivables and credit card receivables, (h) deposit accounts, (i) commercial tort claims, (j) general intangibles, including payment intangibles and software and (k) as-extracted collateral as such terms may from time to time be defined in the Uniform Commercial Code. The security interest Borrower grants includes all accessions, attachments, accessories, parts, supplies and replacements for the Collateral, all products, proceeds and collections thereof and all records and data relating thereto.

ABCO acquired the assets of Dr. Fred Air Conditioning services on September 2, 2018 for the total price of $22,000. The allocation of the purchase price was to truck and equipment at $15,000 and the balance was allocated to inventory and the license for period of five or more years. The truck and equipment were financed by Ascentium Capital. The payments on the Ascentium capital note are $435 and the payments on the Donze note are $212 each per month

The Company purchased an automobile from its then President, Charles O’Dowd, with a promissory note in the amount of $6,575 dated August 9, 2018 and bears interest at 6% per annum for the three-year payment plan. Mr. O’Dowd is no longer an officer or employee of the Company. The principle payments during 2019 totaled $2,107. The balance at September 30, 2020 was $1,946.

Note 14 – Stockholder’s Deficit

Common Stock

During the year ended December 31, 2019 the Company sold 4,740,000 shares of restricted common shares in Regulation S offerings to non-US investors. The total proceeds from the offering was $160,305. Commission and expense reimbursements totaled $80,049. The Company recorded net proceeds totaling $80,256.

In addition, debenture holders converted debt into 1,365,518,410 shares which were issued upon conversion of $275,237 of the notes referred to in Note 10 above.

18

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019

AND THE YEAR ENDED DECEMBER 31, 2019

During 2018 the Company issued 1,350,000 restricted common shares to management for services with a fair market value of $27,000. Of these awards, Charles O’Dowd received 450,000 shares and Wayne Marx received 50,000 shares. The balance of 850,000 shares was awarded to consultants to the Company. In October 2019, 1,000,000 shares each were issued to Mikael Mildebrandt and Adrian Balinski in connection with their becoming officers and directors of the Company.

During the three months ended September 30, 2020 the following shares were converted from debt.

Capital Company	Shares converted		Dollars converted
Crown Bridge Partners		99,000,000	$	8,880
Power Up		170,000,000		40,800
Oasis Capital		1,097,220,189		24,884
Total		1,366,220,189	$	74,564

Preferred Stock

On September 15, 2017 and on September 15, 2018, the Board of Directors authorized on each such date the issuance of 15,000,000 preferred shares for an aggregate of 30,000,000 shares of Class B Convertible Preferred Stock [“Series B”] to both Directors of the Company and to two unaffiliated Consultants or a total of 30,000,000 shares of Series B. The Company assigned a value of $15,000 for the shares for 2017 and 2018. Of the Series B, 12,000,000 shares were issued to Charles O’Dowd and 2,000,000 to Wayne Marx, the Directors. Each Consultant received 8,000,000 shares. See the Company’s Schedule 14C filed with the Commission on September 28, 2018. These shares have no market pricing and management assigned an aggregate value of $30,000 to the stock issued based on the par value of $0.001. The 30,000,000 shares of preferred Stock, each with has 200 votes for each Preferred share held by them of record. The holders of the Preferred are also entitled to an additional 300,000,000 common shares upon conversion of the Preferred Stock. As a result of owning of these shares of Common and Preferred Stock, the Control Shareholders will have voting control the Company.

Earnings (loss) per share calculation

Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period

The computation of basic and diluted loss per share at December 31, 2019 excludes the common stock equivalents from convertible debt of the following potentially dilutive securities because their inclusion would be anti-dilutive, and the share issue number is not calculable until conversion takes place.

Stock subscriptions executed under an earlier offering included a provision whereby ABCO agrees to pay a dividend (defined as interest) of from 6% to 12% of the total amount invested for a period of one year from receipt of the invested funds. This dividend (defined as interest) is allocated between the broker and the investor with amounts paid to the broker treated as a cost of the offering and netted against additional paid in capital and amounts paid to the investor treated as interest expense. Total amounts paid or accrued under this agreement and charged to additional paid-in capital for the years ended December 31, 2019 and 2018, amounted to $0 and $0, respectively. Total amounts paid under this agreement and charged to interest expense for the years ended December 31, 2019 and 2018, amounted to $0 and $0, respectively. The accrued balance due on this obligation to shareholders totals $49,290 at December 31, 2019 and 2018.

ABCO has evaluated these agreements under ASC 480-10: Certain Financial Instruments with Characteristics of Both Liabilities and Equity and determined that the capital contributions made under these subscription agreement more closely resemble equity than liabilities as they can only be settled through the issuance of shares and although they have a stated cost associated with them which accrues in the same manner as interest, the cost is only incurred in the first twelve months after placement as is more closely associated with a cost of raising funds than interest expense.

19

ABCO ENERGY, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019

AND THE YEAR ENDED DECEMBER 31, 2019

Note 15 – Equity Awards

The following table sets forth information on outstanding option and stock awards held by the named executive officers of the Company at September 30, 2020 and December 31, 2019, including the number of shares underlying both exercisable and un-exercisable portions of each stock option as well as the exercise price and the expiration date of each outstanding option. See Note to Notes to Consolidated Financial Statements.

Outstanding Equity Awards After Fiscal Year-End (1)
Name	Number of securities underlying unexercised options exercisable (1)			Number of securities underlying unexercised options un-exercisable (2)		Option Exercise Price ($)		Option Grant Date	Option Expiration Date
Charles O’Dowd		500,000	(3)		0	$	.001	01/01/2017	01/01/2021
Wayne Marx		500,000			0	$	.001	01/01/2017	01/01/2021
Mikael Mildebrandt		1,000,000	(4)		8	$	.001	11/01/2019	11/01/2013
Adrian Balinski		1,000,000	(4)		8	$	.001	11/01/2019	11/01/2023

(1) No Equity Awards were issued during the year ended December 31, 2019 or during the six months ended September 30, 2020.

(2)	All options vest 20% per year beginning on the first anniversary of their grant date.
(3)	This option was terminated when Mr. O’Dowd resigned from the Company in October 2019.
(4)	Messrs. Mildebrandt and Balinski were each awarded 1,000,000 shares of restricted common stock as of October 31, 2019, for being officers and directors of the Company.
(5)	Messers. Mildebrandt and Balinski have resigned as officers and directors.

An aggregate of 2,120,000 stock awards are outstanding under the Equity Incentive Plan as of December 31, 2019.  The 620,000 of the options are issued to a consultant of the Company.

Note 16 – Subsequent Events

On September 21, 2020, Oasis Capital, LLC, converted $15,493.25 of principal of the August 6, 2018 convertible note [“Note”] and received 109,724,630 shares. The remaining Note balance was $62,956.44 after this conversion. The Company did not receive any proceeds from this conversion. Prior to filing this report, Oasis converted the balance of the note to shares.

On May 29, 2020, Power Up notified the Company that it was in default under the terms of its Convertible Promissory Note dated September 11, 2019 for failure to file this Form 10K on a timely basis and thereby becoming a non-reporting company under the 1934 Exchange Act. Demand for immediate payment of $98,250 plus accrued interest and accrued default interest was also made. The Company is currently considering its options as to how to respond/proceed with respect thereto. In September 2020, Power Up withdrew its default notice after the Company became current in its filings under the 1934 Exchange Act with the SEC.

20

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

RESULTS OF OPERATIONS – OVERVIEW

THREE MONTHS ENDED SEPTEMBER 30, 2020 COMPARED TO THREE MONTHS ENDED SEPTEMBER 30, 2019.

Our discussion of operating results for the three months ended September 30, 2020 and September 30, 2019 are presented below with major category details of revenue and expense including the components of operating expenses.

Sales consist of photovoltaic products, electrical services and LED lighting products and installation during both periods for the three months ended September 30, 2020 and for the three months ended September 30, 2019.

Sales for the three months ended September 30, 2020 were $246,102 as compared to $512,988 for the same three months in 2019. This is a decrease of $266886 or 52% of the 2019 sales. The Solar sales revenue in 2020 and 2019 reflected seasonal and changing market conditions in the financing of solar installations. ABCO has increased their efforts to sell into the commercial markets and increased focus on the financial requirements of nonprofit organization’s financing requirements during the 2020 period. The results of these changes and efforts have begun to materialize and are shown in the results of operations.

Cost of sales was 114% of revenues in 2020 and 63% of revenues in 2019.  Gross margins were (14) % of revenue in 2020 and 36 % of revenue for the three months of 2019.  During 2020 and 2019 we have been offering new products and have found our entry market prices for steel parking structures have added gross margins higher than usual because we use outside contractors for the entire projects.  Our gross profit reflects this decision.  We feel that we have made progress in entering the parking shade markets and that our gross margins will stabilize as growth lowers these margins in the future.

Total selling, general and administrative expenses were 77% of revenues in 2020 and 40% of revenues for the same period in 2019.  Net loss for the three-month period ended September 30, 2020 was $(427,957) as compared to the net loss $(116,876) for the same three-month period ended September 30, 2019.  Our operating expenses for this period were lower by $16,647 than the comparative period in 2019. The interest expense during the period ended September 30, 2020 were lower by $84,035 than in the period ended September 30, 2019 due mostly to the working capital provision of merchant loans and convertible debt being borrowed and funds utilized and because no new loans were taken out in 2020 that carry upfront fees.. This combination of factors increased the net loss by $(311,081) during the three months ended September 30, 2020 as compared to the three months ended September 30, 2019.  Since our year to date revenues are lower than the previous year, this resulted in lower operating expenses as a percentage of total revenue.

ABCO could not finish its backlog of work and expand into the markets of LED lights and commercial solar markets without maintaining staff, facilities and sales expenses.  When sales revenues fall, and expenses are not reduced in equal amounts or percentages, the result is an increase of the percentage of operating expenses to sales revenue.  ABCO chose to maintain a level of expenses that would not cripple the Company’s future.

NINE MONTHS ENDED SEPTEMBER 30, 2020 COMPARED TO NINE MONTHS ENDED SEPTEMBER 20, 2019.

Our discussion of operating results for the nine months ended September 30, 2020 and September 30, 2019 are presented below with major category details of revenue and expense including the components of operating expenses.

Sales consist of photovoltaic products, electrical services and LED lighting products and installation during the nine months ended September 30, 2020 and for the nine months ended September 30, 2019.

Sales for the nine months ended September 30, 2020 were $768,133 as compared to $1,626,614 for the same nine months in 2019.  This is a decrease of $858,481 or 53% of the 2019 sales. The Solar sales revenue in 2020 and 2019 reflected seasonal and changing market conditions in the financing of solar installations and competition from the public utilities in the Arizona markets.  ABCO began its focus on commercial sales in 2018 and has had success in the commercial market. ABCO has worked diligently to overcome the utility changes by focusing on commercial applications and the increased interest of business and government in the LED lighting contracts.

21

Cost of sales was $715,739 or 93% of revenues in 2020 and $1,004,252 or 62% of revenues in 2019.  Gross margins were 7% of revenue in 2020 and 38% of revenue for the nine months of 2019.  During 2020 and 2019 we have been offering new products and have found our entry market prices for steel parking structures have added gross margins higher than usual because we use outside contractors for the entire projects.  Our gross profit reflects this decision.  We feel that we have made progress in entering the parking shade markets and that our gross margins will stabilize as growth lowers these margins in the future.

Total selling, general and administrative expenses were $655,269 or 85% of revenues in 2020 and $708,372 or 44% of revenues for the same period in 2019.  Net (loss) income from operations for the nine-month period ended September 30, 2020 was $(799,162) as compared to the net loss of $(712,635) for the same nine month period ended September 30, 2019.  Our operating expenses for this period were lower by $53,103 than the comparative period in 2019. The interest expense during the period ended September 30, 2020 was lower by $173,341 than in the period ended September 30, 2019 due mostly to the increase in working capital through new merchant loans and derivatives on convertible debt.  Derivative liabilities of convertible debentures were $0 during the current period as compared to the prior year. This combination of factors increased the loss for the period ending September 30, 2020 to $(799,162) as compared to $(712,635) for the nine months ended September 30, 2019.

As noted in previous paragraphs discussing market conditions, ABCO could not finish its backlog of work and expand into the markets of LED lights and commercial solar markets without maintaining staff, facilities and sales expenses.  When sales revenues fall, and expenses are not reduced in equal amounts or percentages, the result is an increase of the percentage of operating expenses to sales revenue.  Operating expenses for the two periods increased to accommodate our expansion of sales programs, but not in the same ratio as the increase in sales. ABCO chose to maintain a level of expenses that would not cripple the Company’s future.

STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019

During the nine months ended September 30, 2020 our net cash used in operating activities was $(116,093) and comparatively the net cash used by operating activities in the nine months ended September 30, 2019 was $(78,518).  Net cash used by operating activities in the period ended September 30, 2020 consisted primarily of net losses from operations and derivative valuations of $(103,320) for 2020 as compared to a loss of $(335,352) for 2019.  Depreciation adjustments were of non-cash expenses were $6,593 and $7,915 for each period respectively. Derivative portion of convertible debt accounted for charges to income for future changes in value of the underlying stock in the amount of $(143,946) for the period ended September 30, 2020.  None of this expense will be realized if this debt is retired before maturity.  The Company experienced a decrease in accounts payable of $6,861 and an increase of $28,398 for the nine months period in 2019.  This is primarily due to the Company’s better standing with creditors and increased ability to pay debts. Cash receipts from investors and operations are being used to pay past and current creditors during each period.  Accounts receivable decrease by $432,391, net of adjustments for contracts in process, during the period ended September 30, 2020 due to contract started last year and finished rapid increases in contracts at the end of the period.

Net cash used and provided for investing activities for the periods ended September 30, 2020 and 2019 was $(10,129) and $4,245 respectively due to receipt of principal on leases paid or terminated and equipment acquisitions.

Net cash provided by financing activities for the periods ended September 30, 2020 and 2019 was $150,246 and $119,075 respectively. Net cash provided resulted primarily from the sale of common stock, loans from a financial institution and loans from a Director, Officer and affiliates. Cash provided by financing activities during the periods ended September 30, 2020 were primarily from the sale of common stock and loans from financial institutions. Any future conversions will increase the number of shares outstanding and the Stockholders Equity by the amount of the original investment. Management intends to retire some of these notes before maturity.

LIQUIDITY AND CAPITAL RESOURCES

Our primary liquidity and capital requirements have been for carrying cost of accounts receivable after completion of contracts.  The industry habitually requires the solar contractor to wait for the utility approval in order to be paid for the contracts. This process can easily exceed 90 days and sometimes requires the Company as the contractor to pay all or most of the cost of the project without assistance from suppliers. Our working capital at September 30, 2020 was $(1,854,620) and it was $(1,558,100) at December 31, 2019.  This increase of $296,520 was primarily due to losses from operations during the period ended September 30, 2020 and adjustments for possible future losses on derivative conversions.  Bank financing has not been available to the Company, but we have been able to increase our credit lines with our suppliers because of good credit.  There are no material covenants on our credit lines, normally due in 30 days, since they are standard in the industry and the balances vary on a daily basis. Most are personally guaranteed by the Officer of the Company.

22

The total borrowed from Directors, Affiliates and officers totaled $323,258 plus accrued interest of $119,811 as of September 30, 2020. There are no existing agreements or arrangement with any Director to provide additional funds to the Company.

During the nine months period ended September 30, 2020 or the last fiscal year ended December 31, 2019 there were no transactions, or proposed transactions, which have materially affected or will materially affect the Company in which any director, executive officer or beneficial holder of more than 5% of the outstanding common, or any of their respective relatives, spouses, associates or affiliates, has had or will have any direct or material indirect interest. We have no policy regarding entering into transactions with affiliated parties.

PLAN OF OPERATIONS

Based on our current financial position, we cannot anticipate whether we will have sufficient working capital to sustain operations for the next year if we do not raise additional capital.  We will not, however, be able to reach our goals and projections for multistate expansion without a cash infusion.   We have been able to raise sufficient capital through the sale of our common shares and we have incurred substantial increases in debt from our trade creditors in the normal course of business.   Management will not expand the business until adequate working capital is provided.  Our ability to maintain sufficient liquidity is dependent on our ability to attain profitable operations or to raise additional capital. We have no anticipated timeline for obtaining neither additional financing nor the expansion of our business.  We will continue to keep our expenses as low as possible and keep our operations in line with available working capital as long as possible.  There is no guarantee that the Company will be able to obtain adequate capital from any sources, or at all.

23

Item 3.     Quantitative and Qualitative Disclosures about Market Risk

Not Applicable to Smaller Reporting Companies.

Item 4.     Controls and Procedures

(a) Evaluation of Disclosure Controls and Procedures.

As of the end of the reporting period, September 30, 2020, we carried out an evaluation, under the supervision and with the participation of our management, including the Company’s Chairman and Chief Executive Officer/Principal Accounting Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rule 13a-15(e) of the Securities Exchange Act of 1934 (the “Exchange Act”), which disclosure controls and procedures are designed to insure that information required to be disclosed by a company in the reports that it files under the Exchange Act is recorded, processed, summarized and reported within required time periods specified by the SEC’s rules and forms. Based upon that evaluation, the Chairman/CEO and the Chief Financial Officer concluded that our disclosure controls and procedures are not currently effective in timely alerting them to material information relating to the Company required to be included in the Company’s period SEC filings. The Company is attempting to expand such controls and procedures, however, due to a limited number of resources the complete segregation of duties is not currently in place.

(b) Changes in Internal Control.

Subsequent to the date of such evaluation as described in subparagraph (a) above, there were no changes in our internal controls or other factors that could significantly affect these controls, including any corrective action with regard to significant deficiencies and material weaknesses.

(c) Limitations.

Our management, including our Principal Executive Officer and Principal Financial Officer, does not expect that our disclosure controls or internal controls over financial reporting will prevent all errors or all instances of fraud. However, we believe that our disclosure controls and procedures are designed to provide reasonable assurance of achieving this objective. A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Controls can also be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the controls. The design of any system of controls is based in part upon certain assumptions about the likelihood of future events, and any design may not succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures. Because of the inherent limitation of a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

24

PART II-OTHER INFORMATION

Item 1.     Legal Proceedings

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

Item 1A.  Risk Factors

Not Applicable.

Item 2.     Unregistered Sale of Equity Securities and Use of Proceeds

None

Item 3.     Defaults upon Senior Securities

None

Item 4.     Mine Safety Disclosures.

Not Applicable.

Item 5.     Other Information

Not Applicable.

25

Item 6.     Exhibits

Exhibit No.	Description of Exhibit
3(i)	Articles of Incorporation, as amended (1)
3(ii)	By-Laws (1)
10(a)	Share Exchange Agreement dated July 15, 2011 (1)
10(b)	8% of $40,000 Convertible Note dated March 16, 2016 (3)
10(c)	12% $25,000 Convertible Note dated March 23, 2016 (3)
10(d)	10% $55,000 Convertible Note dated April 1, 2016 (4)
10(e)	5% $42,000 Convertible Note dated April 5, 2016 (4)
10(f)	10% $40,000 Convertible Note dated May 3, 2016 (4)
10(g)	8% $30,000 Convertible Note dated May 6, 2016 (4)
10(h)	Knight Capital Future Receivables Sales Agreement dated August 8, 2019 (2)
21	Subsidiaries of Registrant (1)
31.1	Certification of Chief Executive Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (5)
31.2	Certifications of Chief Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (5)
32.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (5)
32.2	Certifications of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (5)
101 INS	XBRL, Instance Document
101 SCH	XBRL Taxonomy Extension Schema Document
101 CAL	XBRL Taxonomy Calculation Linkbase Document
101 DEF	XBRL Taxonomy Extension Definition Linkbase Document
101 LAB	XBRL Taxonomy Labels Linkbase Document
101 PRE	XBRL Taxonomy Presentation Linkbase Document
(1)	Previously filed with the Company’s Form 10 filed on July 1, 2014, and incorporated herein by this reference as an exhibit to this Form 10-Q.
(2)	Previously filed with the Company’s Form 10-Q filed with the Commission on August 19, 2019 and incorporated herein by this reference.
(3)	Previously filed with the Company’s Form 10-K filed with the Commission on April 11, 2016 and incorporated herein by this reference.
(4)	Previously filed with the Company’s Form 10-Q filed with the Commission on May 20, 2016 and incorporated herein by this reference.
(5)	Attached.

26

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report or amendment thereto to be signed on its behalf by the undersigned thereunto duly authorized.

In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

November 23, 2020

ABCO ENERGY, INC

/s/ David Shorey

David Shorey

Title: Acting President and Chief Executive Officer (CEO)

/s/ David Shorey

David Shorey

Acting Chief Financial Officer (CFO)

Acting Principal Accounting Officer (PAO)

27

EX-31.1

Exhibit 31.1

Sarbanes-Oxley Act of 2002 CEO 302 CERTIFICATION PURSUANT TO RULE 13A-15(E)/15D-15(E)

Certification of the President and CEO

I, David Shorey, certify that:

(1) I have reviewed this Quarterly Report on Form 10-Q of ABCO Energy, Inc.

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

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

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

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

(b)      Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)      Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

(d)      Disclosed in this report any changes in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

(5) The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of the internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

(a)       all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)      any fraud, whether material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 23, 2020	ABCO ENERGY, INC.
	By:	/s/ David Shorey
		David Shorey
		Acting President and CEO

EX-31.2

Exhibit 31.2

Sarbanes-Oxley Act of 2002 CFO 302 CERTIFICATION PURSUANT TO RULE 13A-15(E)/15D-15(E)

Certification of the Chief Financial Officer

I, David Shorey, certify that:

(1) I have reviewed this Quarterly Report on Form 10-Q of ABCO Energy, Inc.

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

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

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

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

(b)      Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)      Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

(d)      Disclosed in this report any changes in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

(5) The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of the internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

(a)       all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)      any fraud, whether material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 23, 2020	ABCO ENERGY, INC.
	By:	/s/ David Shorey
		David Shorey
		Acting CFO & PAO

EX-32.1

Exhibit 32.1

Chief Executive Officer Certification (Section 906)

CERTIFICATION PURSUANT TO

 18 U.S.C., SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to 18 U.S.C. Section 1350 (as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002), I, the undersigned Acting Chief Executive Officer of ABCO Energy, Inc., (the “Company”), hereby certify that, to the best of my knowledge, the Quarterly Report on Form 10-Q of the Company for the period ended September 30, 2020 (the “Report”) fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company. A signed original of this written statement required by Section 906 has been provided to the registrant and will be retained by it and furnished to the Securities and Exchange Commission or its staff upon request.

Dated: November 23, 2020
	ABCO ENERGY, INC.
	/s/ David Shorey
	David Shorey
	Acting President and CEO

EX-32.2

Exhibit 32.2

Chief Financial Officer Certification (Section 906)

CERTIFICATION PURSUANT TO

18 U.S.C., SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to 18 U.S.C. Section 1350 (as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002), I, the undersigned Acting Chief Financial Officer of ABCO Energy, Inc., (the “Company”), hereby certify that, to the best of my knowledge, the Quarterly Report on Form 10-Q of the Company for the period ended September 30, 2020 (the “Report”) fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company. A signed original of this written statement required by Section 906 has been provided to the registrant and will be retained by it and furnished to the Securities and Exchange Commission or its staff upon request.

Dated: November 23, 2020
	ABCO ENERGY, INC.
	/s/ David Shorey
	David Shorey
	Acting Chief Financial Officer

XML

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Nov. 23, 2020
Document Information Line Items
Entity Registrant Name	ABCO Energy, Inc.
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		2,687,999,095
Amendment Flag	false
Entity Central Index Key	0001300938
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Sep. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	true
Entity Interactive Data Current	Yes

XML

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Current Assets
Cash	$ 36,644	$ 12,620
Accounts receivable on completed projects	31,242	30,408
Costs and estimated earnings on contracts in progress	0	243,693
Amortizable original issue discounts on debt	32,213	89,561
Total Current Assets	100,099	376,282
Fixed Assets
Real Estate, Vehicles, furniture & equipment – net of accumulated depreciation	354,748	354,938
Other Assets
Investment in long term leases	3,995	4,136
Security deposits	2,700	5,200
Total Other Assets	6,695	9,336
Total Assets	461,542	740,556
Current liabilities
Accounts payable and accrued expenses	590,561	583,700
Costs and estimated earnings on contracts in progress	189,532	0
Short-term notes payables	171,805	436,267
Excess billing on contracts in progress	194,401	76,052
Derivative liability on convertible debentures	143,946	97,974
Notes payable – from officers	323,258	248,558
Convertible debenture	324,499	472,971
Current portion of long term debt	16,717	18,860
Total Current Liabilities	1,954,719	1,934,382
Long term debt, net of current portion	561,899	300,000
Total Liabilities	2,516,618	2,234,382
Commitments and contingencies
Preferred stock, 100,000,000 shares authorized, $0.001 par value, and 30,000,000 shares issued and outstanding at September 30, 2020 and 30,000,000 at December 31, 2019.	30,000	30,000
Common stock 5,000,000,000 shares authorized, $0.001 value, and 1,516,109,317 Issued and outstanding at September 30, 2020 and 150,590,887 outstanding at December 31, 2019, respectively.	1,516,109	150,591
Common shares sold not issued 5,000,000 at September 30, 2020 and -0- at December 31, 2019	5,000	0
Additional paid-in capital	3,754,485	4,887,091
Accumulated deficit	(7,360,670)	(6,561,508)
Total Stockholders’ Deficit	(2,055,076)	(1,493,826)
Total Liabilities and Stockholders’ Deficit	$ 461,542	$ 740,556

XML

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
Common stock, shares authorized	5,000,000,000	5,000,000,000
Common stock, value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares outstanding	1,516,109,317	150,590,887
Common stock, shares Issued	1,516,109,317	150,590,887
Common shares sold not issued, Shares	5,000,000
Series B Preferred Stock [Member]
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares outstanding	30,000,000	30,000,000
Preferred stock, shares issued	30,000,000	30,000,000

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Revenues	$ 246,102	$ 512,988	$ 768,133	$ 1,626,614
Cost of Sales	281,419	325,366	715,739	1,004,252
Gross Profit	(35,317)	187,622	52,394	622,362
Operating Expenses:
Payroll	9,645	90,720	94,126	304,309
Payroll taxes	30,085	12,070	57,215	46,258
Share based expense	0	0	14,500	0
Consulting	25,019	15,067	45,028	39,604
Corporate expense	13,998	14,962	32,449	34,055
Professional fees	45,273	21,301	92,564	96,733
Rent	8,311	8,362	25,536	26,137
Insurance	40,429	12,176	60,239	49,064
Other administrative expenses	17,099	31,848	233,612	112,212
Total operating expense	189,859	206,506	655,269	708,372
Net income (Loss) from operations	(225,176)	(18,884)	(602,875)	(86,010)
Other expenses
Interest on notes payable	(20,975)	(105,010)	(37,657)	(210,998)
Loss on note issuance derivatives	(25,836)	0	0	0
Change in Derivative Gain (Loss)	(157,575)	64,093	(157,575)	(113,840)
Finance Fees – derivatives	1,605	(57,075)	(1,055)	(57,075)
Gain (Loss) on extinguishment of debt	0	0	0	(244,712)
Total other expenses	(202,781)	(97,992)	(196,287)	(626,625)
Net (Loss) before provision for income taxes	(427,957)	(116,876)	(799,162)	(712,635)
Provision for income tax	0	0	0	0
Net (loss)	$ (427,957)	$ (116,876)	$ (799,162)	$ (712,635)
Net (loss) Per Share (Basic and Fully Diluted) (in Dollars per share)	$ (0.01)	$ (0.01)	$ (0.01)	$ (0.01)
Weighted average number of common shares used in the calculation – Adjusted for reversal (in Shares)	1,280,322,222	63,392,630	835,850,102	47,639,460

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CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITY - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2018	$ 32,756	$ 30,000	$ 4,379,793	$ (5,180,431)	$ (737,882)
Balance (in Shares) at Dec. 31, 2018	32,756,288
Common shares issued under private placement offering - net of expenses	$ 4,740		75,516		80,256
Common shares issued under private placement offering - net of expenses (in Shares)	4,740,000
Shares issued for conversions	$ 113,095		30,132		143,227
Shares issued for conversions (in Shares)	113,094,599
Derivative adjustments			(401,650)		(401,650)
Derivative adjustments			401,650		401,650
Net (loss) for the period				(1,381,327)	(1,381,327)
Balance at Dec. 31, 2019	$ 150,591	30,000	4,887,091	(6,561,508)	(1,493,826)
Balance (in Shares) at Dec. 31, 2019	150,590,887
Shares issued for conversions	$ 1,365,518		(1,090,281)		275,237
Shares issued for conversions (in Shares)	1,365,518,430
Shares issued to insiders	$ 5,000		9,500		14,500
Shares issued to insiders (in Shares)	5,000,000
Expenses of capital stock issuances			(23,000)		(23,000)
Derivative adjustments			(28,825)		(28,825)
Derivative adjustments			28,825		28,825
Net (loss) for the period				(799,162)	(799,162)
Balance at Sep. 30, 2020	$ 1,521,109	$ 30,000	$ 3,754,485	$ (7,360,670)	$ (2,055,076)
Balance (in Shares) at Sep. 30, 2020	1,521,109,317

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash Flows from Operating Activities:
Net income (loss)	$ (799,162)	$ (712,635)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation	6,593	7,915
Shares issued for compensation	14,500	0
Inventory change	0	(7,921)
Change in amortizable debt discount	0	14,662
Finance fees on derivatives	1,055	57,075
Change in derivative liability	45,972	113,841
Gain or loss on extinguishment of debt	0	244,712
Changes in Accounts receivable on incomplete projects	432,391	145,542
Change in prepaid expense and OID	57,348	(23,201)
Billings in excess of costs on incomplete projects	118,349	109,890
Accounts payable and accrued expenses	6,861	(28,398)
Net cash used in operating activities	(116,093)	(78,518)
Cash flows from investing activities
Equipment purchased	(12,770)	(2,213)
Change in security deposits	2,500	0
Proceeds from investments in long term leases	141	6,458
Net cash provided by (used for) investing activities	(10,129)	4,245
Cash Flows from Financing Activities:
Proceeds from sale of common stock – net of expenses	237,912	15,867
Proceeds of affiliate loans	74,700	25,417
Proceeds from merchant loans	0	209,500
Payments on merchant notes	(57,470)	(170,517)
Payments or proceeds from material lender – net of expenses	(206,993)	(46,192)
Payments or proceeds on long term debt	259,756	0
Proceeds from convertible note payable	(73,058)	362,000
Payments and conversion of convertible notes	(84,601)	(277,000)
Net cash provided by financing activities	150,246	119,075
Net increase (decrease) in cash	24,024	44,802
Cash, beginning of period	12,620	67,707
Cash, end of period	36,644	112,509
Cash paid for interest	37,657	210,998
Income taxes paid or accrued	0	0
Share based compensation	$ 14,500	$ 0

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Overview and Description of the Company

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]

Note 1 – Overview and Description of the Company

ABCO Energy, Inc. was organized on July 29, 2004 and operated until July 1, 2011 as Energy Conservation Technologies, Inc. (ENYC).  On July 1, 2011 ENYC entered into a share exchange agreement (SEA) with ABCO Energy, Inc. (“Company”) and acquired all the assets of ABCO.  ENYC changed its name to ABCO Energy, Inc. on October 31, 2011.  As a result of the SEA, the outstanding shares of ENYC as of June 30, 2011 were restated in a one for twenty three (1 for 23) reverse stock split prior to the exchange to approximately 9% of the post-exchange outstanding common shares of the Company.

On January 13, 2017, the Board of Directors of the Company approved a reverse stock split of its common stock, at a ratio of 1-for-10 (the “Reverse Stock Split”).  The Reverse Stock Split became effective with FINRA (the Financial Industry Regulatory Authority) and in the marketplace on January 13, 2017 (the “Effective Date”), whereupon the shares of common stock began trading on a split adjusted basis.  As a result of the Reverse Stock Split the number of authorized shares of common stock was reduced to 50,000,000 from 500,000,000 shares.  The Company held a Special Meeting of Stockholders in May 2017 which authorized an amendment to the Articles of Incorporation to increase the authorized common share capital to 2,000,000,000 common shares and 100,000,000 preferred shares.  Thereafter, on September 27, 2017, by written consent the holders of a majority of the outstanding shares voted to authorize an additional amendment to increase the authorized common shares to 2,000,000,000 shares.

On December 23, 2018 the Board of Directors of the Company approved a reverse stock split of its common stock, at a ratio of 1-for-20 (the “Reverse Stock Split”).  The Reverse Stock Split became effective with FINRA (the Financial Industry Regulatory Authority) and in the marketplace on December 23, 2018 (the “Effective Date”), whereupon the shares of common stock began trading on a split adjusted basis.  

On November 8, 2018, by written consent the holders of a majority of the outstanding shares voted to authorize an additional amendment to increase the authorized common shares to 5,000,000,000 shares. All share numbers through-out these financial statements and notes thereto have been adjusted to reflect this reverse split.

The Company is in the Photo Voltaic (PV) solar systems industry, the LED and energy efficient commercial lighting business and is an electrical product and services supplier. In 2018 ABCO entered the HVAC business with the acquisition of a small company’s assets and qualifying license. The Company plans to build out a network of operations in major cities in the USA to establish a national base of PV, HVAC, lighting and electrical service operations centers. This combination of services, solar and electric, provides the Company with a solid base in the standard electrical services business and a solid base in the growth markets of solar systems industry.

DESCRIPTION OF PRODUCTS

ABCO sells and installs Solar Photovoltaic electric systems that allow the customer to produce their own power on their residence or business property. These products are installed by our crews and are purchased from both USA and offshore manufacturers. We have available and utilize many suppliers of US manufactured solar products from such companies as Mia Soleil, Canadian Solar, Westinghouse Solar and various Italian, Korean, German and Chinese suppliers. In addition, we purchase from several local and regional distributors whose products are readily available and selected for markets and price. ABCO offers solar leasing and long term financing programs from Service Finance Corporation, Green Sky, AEFC and others that are offered to ABCO customers and other marketing and installation organizations.

ABCO also sells and installs energy efficient lighting products, solar powered street lights and lighting accessories. ABCO contracts directly with manufacturers to purchase its lighting products which are sold to residential and commercial customers.

ABCO has Arizona statewide approval as a registered electrical services and solar products installer and as an air conditioning and refrigeration installer. Our license is ROC 258378 Electrical and ROC 323162 HVAC and we are fully licensed to offer commercial and residential electrical services, HVAC and Solar Electric.

ABCO has Three subsidiaries, ABCO Solar, Inc. an Arizona Corporation which provides solar and electric services and products, Alternative Energy Finance Corporation, (AEFC) a Wyoming Company which provides funding for leases of photovoltaic systems, and ABCO Air Conditioning Services, Inc., an Arizona Corporation which sells residential and commercial air conditioning equipment and services in Arizona. In addition, AEFC has two subsidiaries, Alternative Energy Solar Fund, LLC, and Arizona limited liability company that was formed to invest in solar projects and Alternative Energy Finance Corporation, LLC, an Arizona limited liability company formed so AEFC could do business in Arizona.

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Summary of significant accounting policies

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

Note 2 – Summary of significant accounting policies

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition and results of operations are based on our financial statements, which have been prepared in accordance with U.S. generally accepted accounting principles, or “GAAP.” The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses. Intercompany transactions and balances have been eliminated. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. We have identified the following to be critical accounting policies whose application have a material impact on our reported results of operations, and which involve a higher degree of complexity, as they require us to make judgments and estimates about matters that are inherently uncertain.

Cash and Cash Equivalents

There are only cash accounts included in our cash equivalents in these statements. For purposes of the statement of cash flows, the Company considers all short-term securities with a maturity of three months or less to be cash equivalents. There are no short term cash equivalents reported in these financial statements.

Fixed Assets

Property and equipment are to be stated at cost less accumulated depreciation. Depreciation is recorded on the straight-line basis according to IRS guidelines over the estimated useful lives of the assets, which range from three to ten years. Maintenance and repairs are charged to operations as incurred.

Revenue Recognition

The Company generates revenue from sales of solar products, LED lighting, installation services and leasing fees. During the last two fiscal years, the company had product sales as follows:

Sales Product and Services Description	September 30, 2020				September 30, 2019
Solar PV residential and commercial sales	$	615,687	70	%	$	1,574,349	98	%
Air conditioning sales and service		77,018	15	%
Energy efficient lighting & other income		75,219	15	%		51,733	2	%
Interest Income		209	-	%		532	-	%
Total revenue	$	768,133	100	%	$	1,626,614	100	%

The Company recognizes product revenue, net of sales discounts, returns and allowances. These statements establish that revenue can be recognized when persuasive evidence of an arrangement exists, delivery has occurred, and all significant contractual obligations have been satisfied, the fee is fixed or determinable, and collection is considered probable. 

Our revenue recognition is recorded on the percentage of completion method for sales and installation revenue and on the accrual basis for fees and interest income.  We recognize and record income when the customer has a legal obligation to pay.  All our revenue streams are acknowledged by written contracts for any of the revenue we record.  There are no differences between major classes of customers or customized orders.  We record discounts, product returns, rebates and other related accounting issues in the normal business manner and experience very small number of adjustments to our written contractual sales.  There are no post-delivery obligations because warranties are maintained by our suppliers. Our lease fees are earned by providing services to contractors for financing of solar systems.  Normally we will acquire the promissory note (lease) on a leased system that will provide cash flow for up to 20 years.  Interest is recorded on the books when earned on amortized leases.

Accounts Receivable and work-in-progress

The Company recognizes revenue upon delivery of product to customers and does not make bill-and-hold sales.  Contracts spanning reporting periods are recorded on the percentage of completion method, based on the ratio of total costs to total estimated costs by project, for recognition of revenue and expenses.  Accounts receivable includes fully completed and partially completed projects and partially billed statements for completed work and product delivery.  The Company records a reserve for bad debts in the amount of 2% of earned accounts receivable.  When the Company determines that an account is uncollectible, the account is written off against the reserve and the balance to expense.  If the reserve is deemed to be inadequate after annual reviews, the reserve will be increased to an adequate level.

Inventory

The Company records inventory of construction supplies at cost using the first in first out method.  After review of the inventory on an annual basis, the Company discounts all obsolete items to fair market value and has established a valuation reserve of 10% of the inventory at total cost to account for obsolescence. As of December 31, 2019, all inventory was written off. Inventory at September 30, 2020, was $0 and at September 30, 2019 was $61,870.

Income Taxes

The Company has net operating loss carryforwards as of September 30, 2020 totaling approximately $4,988,933 net of accrued derivative liabilities and stock-based compensation, which are assumed to be non-tax events. A deferred 21% tax benefit of approximately $1,047,676 has been offset by a valuation allowance of the same amount as its realization is not assured. The full realization of the tax benefit associated with the carry-forward depends predominately upon the Company’s ability to generate taxable income during future periods, which is not assured.

The Company files in the US only and is not subject to taxation in any foreign country. There are three open years for which the Internal Revenue Service can examine our tax returns so 2016, 2017 and 2018 are still open years and 2019 will replace 2016 when the tax return is filed.

Fair Values of Financial Instruments

ASC 825 requires the Corporation to disclose estimated fair value for its financial instruments.  Fair value estimates, methods, and assumptions are set forth as follows for the Corporation’s financial instruments.  The carrying amounts of cash, receivables, other current assets, payables, accrued expenses and notes payable are reported at cost but approximate fair value because of the short maturity of those instruments. The Company evaluates derivatives based on level 3 indicators.

ASC 825 requires the Corporation to disclose estimated fair value for its financial instruments.  Fair value estimates, methods, and assumptions are set forth as follows for the Corporation’s financial instruments.  The carrying amounts of cash, receivables, other current assets, payables, accrued expenses and notes payable are reported at cost but approximate fair value because of the short maturity of those instruments.

The Company measures assets and liabilities at fair value based on expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale date of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.

The following are the hierarchical levels of inputs to measure fair value:

Level 1:  Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2:  Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3:  Unobservable inputs reflecting the Company’s assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.    

The carrying amounts of the Company’s financial assets and liabilities, such as cash, accounts payable and accrued expenses, approximate their fair values because of the current nature of these instruments. Debt approximates fair value based on interest rates available for similar financial arrangements. Derivative liabilities which have been bifurcated from host convertible debt agreements are presented at fair value. See note __ for complete derivative and convertible debt disclosure.

Derivative Financial Instruments

Fair value accounting requires bifurcation of embedded derivative instruments such as convertible features in convertible debts or equity instruments, and measurement of their fair value for accounting purposes. In determining the appropriate fair value, the Company uses the binomial option-pricing model. In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if there is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional convertible debt, the Company will continue its evaluation process of these instruments as derivative financial instruments.  

Once determined, derivative liabilities are adjusted to reflect fair value at each reporting period end with any increase or decrease in the fair value being recorded in results of operations as an adjustment to fair value of derivatives. In addition, the fair value of freestanding derivative instruments, such as warrants, are also valued using the binomial option-pricing model.

Stock-Based Compensation

The Company accounts for employee and non-employee stock awards under ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable.  

Effects of Recently Issued Accounting Pronouncements

The Company has reviewed all recently issued accounting pronouncements and have determined the following have an effect on our financial statements:

Stock-Based Compensation

The Company accounts for employee and non-employee stock awards under ASC 505 and ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable. For employees, the Company recognizes compensation expense for share-based awards based on the estimated fair value of the award on the date of grant and the probable attainment of a specified performance condition or over a service period.

Per Share Computations

Basic net earnings per share are computed using the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares and the dilutive potential common shares outstanding during the period. All shares were considered anti-dilutive at December 31, 2019. Potentially dilutive share issues are: 1) all unissued common shares sold, 2) all convertible debentures have a possibility of a large number of shares being issued and would result in a larger number of shares issued if the price remains low, 3) the preferred stock of the company held by insiders is convertible into common shares and the preferred stock is voted on a 20 to 1 basis, 4) all options issued. All of the above are potential dilutive items.

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Going Concern

9 Months Ended

Sep. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Substantial Doubt about Going Concern [Text Block]

 Note 3 – Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. Since its inception, the Company has been engaged substantially in financing activities and developing its business plan and marketing. The Company incurred a net loss of $(799,162), the net cash flow used in operations was $(116,093) and its accumulated net losses from inception through the period ended September 30, 2020 is $(7,360,670), which raises substantial doubt about the Company’s ability to continue as a going concern. In addition, the Company’s development activities since inception have been financially sustained through capital contributions from shareholders.

The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital from the sale of common stock or through debt financing and, ultimately, the achievement of significant operating revenues. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities that might result from this uncertainty.

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Accounts Receivable

9 Months Ended

Sep. 30, 2020

Accounts Receivable And Work In Process Table [Abstract]

Accounts Receivable and Work in Process [Table Text Block]

Note 4 – Accounts Receivable

Accounts receivable as of September 30, 2020 and 2019, consists of the following:

Description	September 30, 2020		September 30, 2019
Accounts receivable on completed contracts	$	31,242	$	30,408
Costs and estimated earnings on contracts in progress		-		243,693
Total	$	31,242	$	274,101

Costs and Estimated Earnings on projects are recognized on the percentage of completion method for work performed on contracts in progress at September 30, 2020 and September 30, 2019.

The Company records contracts for future payments based on contractual agreements entered into at the inception of construction contracts. Amounts are payable from customers based on milestones established in each contract. Larger contracts are billed and recorded in advance and unearned profits are netted against the billed amounts such that accounts receivable reflect current amounts due from customers on completed projects and amounts earned on projects in process are reflected in the balance sheet as costs and estimated earnings in excess of billings on contracts in progress. Excess billings on contracts in process are recorded as liabilities and were $194,401 at September 30, 2020 and $76,052 at September 30, 2019.

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Inventory

9 Months Ended

Sep. 30, 2020

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

Note 5 – Inventory

Inventory of construction supplies not yet charged to specific projects was $0.00 at September 30, 2020, and $ 61,870 as of September 30, 2019. The Company values items of inventory at the lower of cost or net realizable value and uses the first in first out method to charge costs to jobs. The Company wrote off all of its inventory during 2019. 

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Security deposits and Long Term Commitments

9 Months Ended

Sep. 30, 2020

Contractors [Abstract]

Long-term Contracts or Programs Disclosure [Text Block]

Note 6 – Security deposits and Long Term Commitments

The Company has paid security deposits on the rented spaces it occupies for offices and warehouse which total $2,700 on September 30, 2020 and at December 31, 2019. The Company also made a deposit in the amount of $2,500 on a business purchase that was abandoned and this deposit was refunded during 2020.

On May 1, 2014, the Company rented office and warehouse space at 2100 N. Wilmot #211, Tucson, Arizona 85712. This facility consists of 3,600 square feet. The Company now has one month remaining on a one year lease with monthly rent of $2,741 which was renewed on November 1, 2019 to a term of one year. ABCO has a forward commitment of $2741 for the next four months. Subsequent to this statement, the Company moved into its own building that was purchased in 2019 and abandoned the Wilmot Avenue space. It now occupies 4,800 square foot of office and warehouse space and one-half acre of land.

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Investment in long term leases

9 Months Ended

Sep. 30, 2020

Receivables [Abstract]

Financing Receivables [Text Block]

Note 7 – Investment in long term leases

Long term leases recorded on the consolidated financial statements were $3,995 at September 30, 2020 and $4,136 at December 31, 2019 respectively. During the year ended December 31, 2019 one of the leases owned by AEFC was paid in full by the customer and the Company recorded net proceeds of $6,376.

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Fixed Assets

9 Months Ended

Sep. 30, 2020

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Note 8 – Fixed Assets

The Company has acquired all its office and field work equipment with cash payments and financial institution loans. The total fixed assets consist of land and building, vehicles, office furniture, tools and various equipment items and the totals are as follows:

	September 30,			December 31,
Asset	2020			2019
Land and Building	$	326,400		$	326,400
Equipment		134,326			121,556
Accumulated depreciation		(105,978	)		(93,018	)
Fixed Assets, net of accumulated depreciation	$	354,748		$	354,938

Depreciation expenses for the six months ended September 30, 2020 and 2019 was $6,593 and $7,915 respectively.

On December 31, 2019 the Company purchased a building at 2505 N Alvernon consisting of 4,800 SF building and approximately ½ acre of land. The property was financed by a $25,000 loan from Green Capital (GCSG) and a mortgage from the seller for the $300,000 balance. The purchase price was $325,000 plus closing costs of $1,400.

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Notes Payable from Officers and Related Party Transactions

9 Months Ended

Sep. 30, 2020

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

Note 9 – Notes Payable from Officers and Related Party Transactions

Related party notes payable as of September 30, 2020 and December 31, 2019 consists of the following:

Description	September 30, 2020		December 31, 2019
Notes payable – Director bearing interest at 12% per annum, unsecured, demand notes.	$	60,000,	$	60,000
Note payable – Mr. O’Dowd bearing interest at 12% per annum, unsecured, demand note		61,052		61,052
Note payable – other bearing interest at 12% per annum, unsecured, demand note.		202,206		127,506
Total	$	323,258	$	248,558

The first note in the amount of $60,000 provides for interest at 12% per annum and is unsecured. This note resulted in an interest charge of $41,448 accrued and unpaid at September 30, 2020 and $36,061 at December 31, 2019.

The second note has a current balance of $61,052 as of September 30, 2020. The note is an unsecured demand note and bears interest at 12% per annum. This note resulted in an interest charge of $32,848 accrued and unpaid at September 30, 2020 and $27,368 at December 31, 2019.

The third note is from a related party and has a current balance of $202,206 as of December 31, 2020. The note is an unsecured demand note and bears interest at 12% per annum. This note resulted in an accumulated interest charge of $45,516 accrued and unpaid at September 30, 2020 and $28,556 at December 31, 2019. 

The combined total funds due to Officers and related parties totaled $443,069 with principle and interest at September 30, 2020.

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Short Term Notes Payable

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Short-term Debt [Text Block]

Note 10 – Short Term Notes Payable

Description	September 30, 2020		December 31, 2019
Bill’d Exchange, LLC, an equipment capital lender, initial financing August 2, 2019, finances equipment for commercial contracted customers in varying amounts	$	32,859	$	239,852
Merchant loan – Knight Capital Funding, LLC		38,694		61,747
Merchant loan – Pearl lending		51,750		65,664
Merchant loan – Green Capital		14,748		35,250
Private money loan from Perfectly Green Corporation, borrowed January 22, 2018, bearing interest at 3% per annum, unsecured (3) demand note-Original balance $60,000, current balance		33,754		33,754
Total	$	171,805	$	436,267

Bill’d Exchange, LLC, a customer equipment capital lender, made their initial financing on August 2, 2019. They finance equipment for commercial contracted customers in varying amounts. These loans bear interest at varying rates and are paid weekly for the amount of interest due on the account at each date. Each loan is secured by the accounts receivable from the customer and by personal guarantee of an affiliated officer of ABCO Solar, Inc.

On January 30, 2019 the Company borrowed $153,092 including principal and interest from Knight Capital Funding, LLC, and [“KCF”] bearing interest at 23% per annum, unsecured.  This loan was refinanced on August 10, 2019 and replaced with a new loan of $144,900 from KCF. The balance and accrued interest at December 31, 2019 was $61,747. On February 18, 2020 ABCO defaulted on this loan due to the reduction in business from Covid-19. As of the date of filing this report, no arrangements for resuming payments had been accomplished. The last adjusted balance at the date of default was $38,694.

On December 6, 2019 the Company borrowed $52,174 from Pearl Delta Funding that contained a repayment in the amount of $72,000 in 160 payments of $450.  This unsecured note bears interest at the imputed rate of approximately 36% per annum. The unpaid balance of principle and interest at December 31, 2019 was $65,664. On February 18, 2020 ABCO defaulted on this loan due to the reduction in business from Covid-19. As of the date of filing this report, no arrangements for resuming payments had been accomplished but the balance had been reduced to $51,750 through payments to the date of default

On December 31, 2019 ABCO borrowed $25,000 from Green Capital Funding, LLC.  The proceeds from this loan were used to acquire the real estate purchased on the date of the loan.  This unsecured loan bears interest at approximately 36%   and has a repayment obligation in the amount of $35,250 in 76 payments. The unpaid balance of principle and interest at December 31, 2019 was $35,250. On February 18, 2020, ABCO defaulted on this loan due to the reduction in business from Covid-19. As of the date of filing this report, no arrangements for resuming payments had been accomplished however the Company has been paying $1,000 for per month for the three months ended September 30, 2020 and has reduced the balance to $14,748 as of the date of this report.

On January 22, 2018 the Company borrowed $60,000 from Perfectly Green Corporation, a Texas corporation.  The Company repaid $26,246 leaving a balance of $33,754 at September 30, 2020 and December 31, 2019. The note bears interest at 3% per annum and is payable upon demand after 60 days’ notice which can be requested at any time after May 31, 2018.

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Convertible debentures -net of discounts

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

Note 11 – Convertible debentures -net of discounts

During the year ended December 31, 2019, the Company funded operations with borrowing on new convertible promissory notes. This table presents the positions on the notes as of September 30, 2020.

Holder	Date   of Loan		Loan amount		OID and discounts   and fees		Interest  rate			Balance December 31, 2019		Balance September 30, 2020
Power Up Lending Group Ltd		5-13-19	$	96,300	$	13,300		8	%	$	4,300	$	0
Power Up Lending Group Ltd		8-14-19		68,000		13,000		8	%		68,000		0
Power Up Lending Group Ltd		9-11-19		76,000		13,000		8	%		76,000		57,450
Crown Bridge Tranche 1		8-8-19		50,000		5,000		8	%		50,000		23,540
Oasis Capital		9-1-18		150,000		124,671					274,671		243,509
Totals and balances for 6-30-2020			$	442,300	$	164,471				$	472,971	$	324,499

The Financial Accounting Standard ASC 815 Accounting for Derivative Instruments and Hedging Activities require that instruments with embedded derivative features be valued at their market values. The Black Scholes model was used to value the derivative liability for the fiscal year ending December 31, 2019 and December 31, 2018. The initial valuation of the derivative liability on the non-converted common shares totaled $207,081 at December 31, 2019. This value includes the fair value of the shares that may be issued according to the contracts of the holders and valued according to our common share price at the time of acquisition. 

The Company issued to Power Up Lending Group, Inc. a $96,300 Convertible Promissory Note dated May 13, 2019 which contains an original issue discount of $10,000 (OID) and expenses of $3,300 [“Note”]. The Note is convertible into Company common stock beginning six months after the date of the Note with a stated discount rate of 19% as set forth in the Note. There is no trigger of derivative liability from conversion features until six months after initial borrowing date.  Without the OID, the effective discount would have been 35%. The net proceeds from this Note were used for working capital. $92,000 of this note was converted in 2019 and 2020. The balance of $4,300 was converted during the nine months ended September 30, 2020.

The Company issued to Power Up Lending Group, Inc. [“Power Up”], a $68,000 Convertible Promissory Note dated August 14, 2019 [“Note”] which contains an original issue discount of $10,000.00 (OID) and expenses of $3,000.00 [“Note”]. The Note is convertible into Company common stock beginning six months after the date of the Note with an effective discount rate of approximately 19% upon conversion. There is no trigger of derivative liability from conversion features until six months after initial borrowing date.  Without the OID, the effective discount rate would be 35% as set forth in the Note. The net proceeds from the Note, was used for working capital. $68,000 of this note was converted during the six months ended September 30, 2020.

The Company issued to Power Up Lending Group, Inc. [“Power Up”], a $76,000 Convertible Promissory Note dated September 11, 2019 [“Note”] which contains an original issue discount of $10,000.00 (OID) and expenses of $3,000.00 [“Note”]. The Note is convertible into Company common stock beginning six months after the date of the Note with an effective discount rate of approximately 19 % upon conversion. There is no trigger of derivative liability from conversion features until six months after initial borrowing date.  Without the OID, the effective discount rate would be 35% as set forth in the Note. The net proceeds from the Note, was used for working capital. $18,550 of this note was converted during the nine months ended September 30, 2020.

On August 8, 2019 the Company issued to Crown Bridge Partners, LLC a Convertible Promissory Note which contains an original issue discount of $15,000 and expenses of $6,000 [“Note”].  ABCO has borrowed the first tranche of $50,000 and paid the expenses of $5,000 of this agreement. The note is divided into 3 tranches with the 1st being executed on August 8, 2019 and the remaining 2 tranches to be issued at Company’s discretion. The note is convertible into Company common stock beginning six months after the date of the effective date of each tranche with a stated discount rate of 36%. There is no trigger of derivative liability from conversion features until six months after initial borrowing date. At the time of the Buyer’s funding of each tranche under the Note, the Company shall issue to Buyer as a commitment fee, a common stock purchase warrant to purchase an amount of shares of its common stock equal to 150% of the face value of each respective tranche divided by $0.05 (for illustrative purposes, the First Tranche face value is equal to $50,000, which resulted in the issuance of a warrant to purchase 1,500,000 shares of the Company’s common stock) pursuant to the terms provided therein (all warrants issuable hereunder, including now and in the future, shall be referred to, in the aggregate, as the “Warrant”) (all warrants issuable hereunder shall be in the same form as the Warrant issued in connection with the First Tranche). The net proceeds from this Note were used for working capital. A conversion feature is associated with this note and prorated from August 8, 2019 to September 30, 2019 in the amount of $4,314. The derivative liability calculation on this note due to its immediate convertibility resulted in a charge to income of $57,075 and a liability in the amount of $71,764. Management does not intend to exercise the last two options to borrow on this note. $26,460 of this note was converted during the three months ended September 30, 2020.

As of February 16, 2019, the Company issued to Power Up, a $55,000.00 of shares of the Series C Preferred Stock agreement (Note) net of an original issue discount of $10,000.00 (OID) and expenses of $3,000.00 [“Note”]. The Note was convertible into Company common stock beginning six months after the Effective Date with an effective discount rate of approximately 20%. The OID on this issue that is paid out of proceeds allows a lower purchase price if the Company purchases this liability. The Company redeemed this note for $106,145 before Power up converted it to common stock, so no dilution took place.

As of March 19, 2019, the Company issued to Power Up, a $55,000.00 of shares of the Series C Preferred Stock agreement net of an original issue discount of $10,000.00 (OID) and expenses of $3,000.00 [“Note”]. The Note is convertible into Company common stock beginning six months after the Effective Date with an effective discount rate of approximately 20%. The OID on this issue that is paid out of proceeds allows a lower purchase price if the Company purchases this liability.

As of September 1, 2018 the Company entered into an Equity Purchase Agreement with Oasis Capital, LLC, a Puerto Rico limited liability company (“Investor”) pursuant to which Investor agreed to purchase up to $5,000,000 of the Company’s common stock at a price equal to 85% of the market price at the time of purchase (“Put Shares”). The Company agreed to file a new registration statement to register for resale the Put Shares. The Registration Statement must be effective with the SEC before Investor is obligated to purchase any Put Shares. In addition, the Company [i] issued to Investor a one year $150,000 note which is convertible at a fixed price of $.01 per share as a commitment fee for its purchase of Put Shares and [ii] delivered to Investor a Registration Rights Agreement pursuant to which the Company agreed to register all Put Shares acquired under the Equity Purchase Agreement. During 2019, Investor converted $19,405 of principal of the Note and received 22,392,161 shares of common stock. At December 31, 2019, the Note balance was $130,595. Due to change in accounting treatment this note was booked as a prepaid expense with add-on penalties for a total of $144,076 and a liability of $274,671.  The difference is charged to expenses for penalties, derivatives and derivative interest in the amount of $144,076. The entire balance of the prepaid amount has been expensed in the amount of $274,671 in 2019. The liability for this note was not recorded in 2018 because the note had not yet matured. During the nine months ended June 30, 2020 Oasis converted $31,162 into shares. The balance on the original note including interest and penalties was $62,956 at September 30, 2020.

As of January 21, 2020 (“Effective Date”), the Company issued to Oasis a $208,000 Promissory Note, net of a prorated original issue discount of $16,000 (“Note”). The Company received $34,000 (“First Tranche”) and the Second in the amount of $25,000 was received in the 1st quarter. The Third Tranches under this Note were due in February and March 2020, respectively. In addition, the note caries an $8,000 credit for Oasis transactional expenses. There have been no additional loans from the transaction since tranche one and two totaling $59,000. Each Tranche matures nine months from the effective date of each such payment. The Company also agreed to issue to Oasis 5,000,000 shares of common stock as an incentive/commitment fee in connection with the transactions. The Company valued these shares at $14,500 and they are listed on the balance sheet under the cation Common Shares to be issued. The Company was required to use the proceeds received from the Note to retire currently outstanding convertible debt from two lenders which have not yet matured for conversion. The Note becomes convertible into common stock six months after the Effective Date at a 35% discount to market. The cash value of this note at September 30, 2020 was recorded at $180,553 including principal, fees and interest.

The combination of the two notes at September 30 2020 have a recorded balance of $243,509. Oasis and the Company have agreed to negotiate this commitment after the Company is current on its filings. Subsequent to the date of this statement, Oasis converted the entire remaining balance of $62,956 into shares of stock.

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Fair Value Measurements

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

Note 12 – Fair Value Measurements

The Company complies with the provisions of FASB ASC No. 820, Fair Value Measurements and Disclosures (“ASC 820”), in measuring fair value and in disclosing fair value measurements at the measurement date. ASC 820 defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements required under other accounting pronouncements. FASB ASC No. 820-10-35, Fair Value Measurements and Disclosures- Subsequent Measurement (“ASC 820-10-35”), clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820-10-35-3 also requires that a fair value measurement reflect the assumptions market participants would use in pricing an asset or liability based on the best information available. Assumptions include the risks inherent in a particular valuation technique (such as a pricing model) and/or the risks inherent in the inputs to the model.

The following table shows the change in the fair value of the derivative liabilities on all outstanding convertible debt at September 30,2020 and at December 30,2019:

Description	September 30,  2020			December 31,  2019
Purchase price of the convertible debenture - net of discount	$	442,300		$	442,300
Valuation reduction during the period		(298,354	)		(344,326	)
Balance of derivative liability net of discount on the notes (See Consolidated Balance sheet liabilities)	$	143,946		$	97,974
Derivative calculations and presentations on the Statement of Operations
Loss on note issuance				$	-
Change in Derivative (Gain) Loss		(157,575	)		(48,453	)
Derivative Finance fees		(1,055	)		(318,972	)
Gain (loss) on extinguishment of debt					(244,712	)
Derivative expense charged to operations in 2020 and 2019 (See Consolidated Statement of Operations)	$	(158,630	)	$	( 612,137	)

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Long term debt

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Long-term Debt [Text Block]

Note 13 – Long term debt

Holder	Date issued		Interest rate			Amount due September 30, 2020		Amount due December 31, 2019
Real Estate Note Allen-Neisen Family trust – Et. Al.		12-31-19		5	%	$	291,914	$	300,000
US Treasury EIDL payroll loan (Forgivable		5-04-20		1	%		124,099		-
US Treasury SBA guaranteed loan		7-21-20		3.75	%		149,900		-
Ascentium Capital		10-1-18		13	%		7,024		11,192
Fredrick Donze		9-2-18		6	%		3,733		4,043
Charles O’Dowd (officer)		8-9-18		6	%		1,946		3,625
Total long term debt							578,616		318,860
Less Current portion							16,717		18,860
Total long-term debt						$	561,899	$	300,000

On December 31, 2019 ABCO completed negotiations, financial arrangements and closed on the purchase of a 4,800 square foot office and warehouse building located on one/half acre of paved land on one of Tucson’s busiest streets. This property will be more than adequate to house both the Solar business (Now 3600 SF and the HVAC business (now 2000 SF) including our previously announced acquisition of a Tucson HVAC service and equipment supplier. The land and outbuildings will accommodate all of our equipment. The property acquisition was priced at $325,000 the company paid $25,000 down payment and the seller financed $300,000 over a twenty-year mortgage based on a twenty year amortization and a 5% interest rate with a balloon payment at the end of five (5) years. The monthly payment is $1,980.

On May 3, 2020, Company entered into a promissory note evidencing an unsecured loan in the amount of $124,099.00 made to the Company under the Paycheck Protection Program (the “Loan”).  The Paycheck Protection Program (or “PPP”) was established under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), and is administered by the U.S. Small Business Administration.  The Loan to the Company is being made through Bank of America, N.A., a national banking association (the “Lender”). The interest rate on the Loan will not exceed 1.00%.  The promissory note evidencing the Loan contains customary events of default relating to, among other things, payment defaults, making materially false and misleading representations to the SBA or Lender, or breaching the terms of the Loan documents.  The occurrence of an event of default may result in the repayment of all amounts outstanding, collection of all amounts owing from the Company, or filing suit and obtaining judgment against the Company. Under the terms of the CARES Act, PPP loan recipients can apply for and be granted forgiveness for all or a portion of loan granted under the PPP.  Such forgiveness will be determined, subject to limitations, based on the use of loan proceeds for payment of payroll costs and any payments of mortgage interest, rent, and utilities.  No assurance is provided that the Company will obtain forgiveness of the Loan in whole or in part.  If the SBA does not confirm forgiveness of the Loan or only partly confirms forgiveness of the Loan, including principal and interest (“Loan Balance”); then, in either such case, the Lender will establish the terms of repayment of the Loan Balance via a separate letter to the Company, containing the amount of each monthly payment, the interest rate, etc.

On July 21, 2020 the Company received an SBA loan from Bank of America in the amount of $150,000 that is guaranteed by the US Treasury Department. Installment payments, including principal and interest, of $731.00 Monthly, will begin Twelve (12) months from the date of the promissory Note. The balance of principal and interest will be payable Thirty (30) years from the date of the promissory Note. Interest will accrue at the rate of 3.75% per annum and will accrue only on funds actually advanced from the date(s) of each advance. Each payment will be applied first to interest accrued to the date of receipt of each payment, and the balance, if any, will be applied to principal.  For loan amounts of greater than $25,000, Borrower hereby grants to SBA, the secured party hereunder, a continuing security interest in and to any and all “Collateral” as described herein to secure payment and performance of all debts, liabilities and obligations of Borrower to SBA hereunder without limitation, including but not limited to all interest, other fees and expenses (all hereinafter called “Obligations”). The Collateral includes the following property that Borrower now owns or shall acquire or create immediately upon the acquisition or creation thereof: all tangible and intangible personal property, including, but not limited to: (a) inventory, (b) equipment, (c) instruments, including promissory notes (d) chattel paper, including tangible chattel paper and electronic chattel paper, (e) documents, (f) letter of credit rights, (g) accounts, including health-care insurance receivables and credit card receivables, (h) deposit accounts, (i) commercial tort claims, (j) general intangibles, including payment intangibles and software and (k) as-extracted collateral as such terms may from time to time be defined in the Uniform Commercial Code. The security interest Borrower grants includes all accessions, attachments, accessories, parts, supplies and replacements for the Collateral, all products, proceeds and collections thereof and all records and data relating thereto.

ABCO acquired the assets of Dr. Fred Air Conditioning services on September 2, 2018 for the total price of $22,000. The allocation of the purchase price was to truck and equipment at $15,000 and the balance was allocated to inventory and the license for period of five or more years. The truck and equipment were financed by Ascentium Capital. The payments on the Ascentium capital note are $435 and the payments on the Donze note are $212 each per month

The Company purchased an automobile from its then President, Charles O’Dowd, with a promissory note in the amount of $6,575 dated August 9, 2018 and bears interest at 6% per annum for the three-year payment plan. Mr. O’Dowd is no longer an officer or employee of the Company. The principle payments during 2019 totaled $2,107. The balance at September 30, 2020 was $1,946.

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Stockholder's Deficit

9 Months Ended

Sep. 30, 2020

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Note 14 – Stockholder’s Deficit

Common Stock

During the year ended December 31, 2019 the Company sold 4,740,000 shares of restricted common shares in Regulation S offerings to non-US investors. The total proceeds from the offering was $160,305. Commission and expense reimbursements totaled $80,049. The Company recorded net proceeds totaling $80,256.

In addition, debenture holders converted debt into 1,365,518,410 shares which were issued upon conversion of $275,237 of the notes referred to in Note 10 above.

During 2018 the Company issued 1,350,000 restricted common shares to management for services with a fair market value of $27,000. Of these awards, Charles O’Dowd received 450,000 shares and Wayne Marx received 50,000 shares. The balance of 850,000 shares was awarded to consultants to the Company. In October 2019, 1,000,000 shares each were issued to Mikael Mildebrandt and Adrian Balinski in connection with their becoming officers and directors of the Company.

During the three months ended September 30, 2020 the following shares were converted from debt.

Capital Company	Shares converted		Dollars converted
Crown Bridge Partners		99,000,000	$	8,880
Power Up		170,000,000		40,800
Oasis Capital		1,097,220,189		24,884
Total		1,366,220,189	$	74,564

Preferred Stock

On September 15, 2017 and on September 15, 2018, the Board of Directors authorized on each such date the issuance of 15,000,000 preferred shares for an aggregate of 30,000,000 shares of Class B Convertible Preferred Stock [“Series B”] to both Directors of the Company and to two unaffiliated Consultants or a total of 30,000,000 shares of Series B. The Company assigned a value of $15,000 for the shares for 2017 and 2018. Of the Series B, 12,000,000 shares were issued to Charles O’Dowd and 2,000,000 to Wayne Marx, the Directors. Each Consultant received 8,000,000 shares. See the Company’s Schedule 14C filed with the Commission on September 28, 2018. These shares have no market pricing and management assigned an aggregate value of $30,000 to the stock issued based on the par value of $0.001. The 30,000,000 shares of preferred Stock, each with has 200 votes for each Preferred share held by them of record. The holders of the Preferred are also entitled to an additional 300,000,000 common shares upon conversion of the Preferred Stock. As a result of owning of these shares of Common and Preferred Stock, the Control Shareholders will have voting control the Company.

Earnings (loss) per share calculation

Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period

The computation of basic and diluted loss per share at December 31, 2019 excludes the common stock equivalents from convertible debt of the following potentially dilutive securities because their inclusion would be anti-dilutive, and the share issue number is not calculable until conversion takes place.

Stock subscriptions executed under an earlier offering included a provision whereby ABCO agrees to pay a dividend (defined as interest) of from 6% to 12% of the total amount invested for a period of one year from receipt of the invested funds. This dividend (defined as interest) is allocated between the broker and the investor with amounts paid to the broker treated as a cost of the offering and netted against additional paid in capital and amounts paid to the investor treated as interest expense. Total amounts paid or accrued under this agreement and charged to additional paid-in capital for the years ended December 31, 2019 and 2018, amounted to $0 and $0, respectively. Total amounts paid under this agreement and charged to interest expense for the years ended December 31, 2019 and 2018, amounted to $0 and $0, respectively. The accrued balance due on this obligation to shareholders totals $49,290 at December 31, 2019 and 2018.

ABCO has evaluated these agreements under ASC 480-10: Certain Financial Instruments with Characteristics of Both Liabilities and Equity and determined that the capital contributions made under these subscription agreement more closely resemble equity than liabilities as they can only be settled through the issuance of shares and although they have a stated cost associated with them which accrues in the same manner as interest, the cost is only incurred in the first twelve months after placement as is more closely associated with a cost of raising funds than interest expense.

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Equity Awards

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Share-based Payment Arrangement [Text Block]

Note 15 – Equity Awards

The following table sets forth information on outstanding option and stock awards held by the named executive officers of the Company at September 30, 2020 and December 31, 2019, including the number of shares underlying both exercisable and un-exercisable portions of each stock option as well as the exercise price and the expiration date of each outstanding option. See Note to Notes to Consolidated Financial Statements.

Outstanding Equity Awards After Fiscal Year-End (1)
Name	Number of securities underlying unexercised options exercisable (1)			Number of securities underlying unexercised options un-exercisable (2)		Option Exercise Price ($)		Option Grant Date	Option Expiration Date
Charles O’Dowd		500,000	(3)		0	$	.001	01/01/2017	01/01/2021
Wayne Marx		500,000			0	$	.001	01/01/2017	01/01/2021
Mikael Mildebrandt		1,000,000	(4)		8	$	.001	11/01/2019	11/01/2013
Adrian Balinski		1,000,000	(4)		8	$	.001	11/01/2019	11/01/2023

(1) No Equity Awards were issued during the year ended December 31, 2019 or during the six months ended September 30, 2020.

(2)	All options vest 20% per year beginning on the first anniversary of their grant date.
(3)	This option was terminated when Mr. O’Dowd resigned from the Company in October 2019.
(4)	Messrs. Mildebrandt and Balinski were each awarded 1,000,000 shares of restricted common stock as of October 31, 2019, for being officers and directors of the Company.
(5)	Messers. Mildebrandt and Balinski have resigned as officers and directors.

An aggregate of 2,120,000 stock awards are outstanding under the Equity Incentive Plan as of December 31, 2019.  The 620,000 of the options are issued to a consultant of the Company.

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Subsequent Events

9 Months Ended

Sep. 30, 2020

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Note 16 – Subsequent Events

On September 21, 2020, Oasis Capital, LLC, converted $15,493.25 of principal of the August 6, 2018 convertible note [“Note”] and received 109,724,630 shares. The remaining Note balance was $62,956.44 after this conversion. The Company did not receive any proceeds from this conversion. Prior to filing this report, Oasis converted the balance of the note to shares.

On May 29, 2020, Power Up notified the Company that it was in default under the terms of its Convertible Promissory Note dated September 11, 2019 for failure to file this Form 10K on a timely basis and thereby becoming a non-reporting company under the 1934 Exchange Act. Demand for immediate payment of $98,250 plus accrued interest and accrued default interest was also made. The Company is currently considering its options as to how to respond/proceed with respect thereto. In September 2020, Power Up withdrew its default notice after the Company became current in its filings under the 1934 Exchange Act with the SEC.

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Accounting Policies, by Policy (Policies)

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition and results of operations are based on our financial statements, which have been prepared in accordance with U.S. generally accepted accounting principles, or “GAAP.” The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses. Intercompany transactions and balances have been eliminated. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. We have identified the following to be critical accounting policies whose application have a material impact on our reported results of operations, and which involve a higher degree of complexity, as they require us to make judgments and estimates about matters that are inherently uncertain.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

There are only cash accounts included in our cash equivalents in these statements. For purposes of the statement of cash flows, the Company considers all short-term securities with a maturity of three months or less to be cash equivalents. There are no short term cash equivalents reported in these financial statements

Property, Plant and Equipment, Policy [Policy Text Block]

Fixed Assets

Property and equipment are to be stated at cost less accumulated depreciation. Depreciation is recorded on the straight-line basis according to IRS guidelines over the estimated useful lives of the assets, which range from three to ten years. Maintenance and repairs are charged to operations as incurred.

Revenue [Policy Text Block]

Revenue Recognition

The Company generates revenue from sales of solar products, LED lighting, installation services and leasing fees. During the last two fiscal years, the company had product sales as follows:

Sales Product and Services Description	September 30, 2020				September 30, 2019
Solar PV residential and commercial sales	$	615,687	70	%	$	1,574,349	98	%
Air conditioning sales and service		77,018	15	%
Energy efficient lighting & other income		75,219	15	%		51,733	2	%
Interest Income		209	-	%		532	-	%
Total revenue	$	768,133	100	%	$	1,626,614	100	%

The Company recognizes product revenue, net of sales discounts, returns and allowances. These statements establish that revenue can be recognized when persuasive evidence of an arrangement exists, delivery has occurred, and all significant contractual obligations have been satisfied, the fee is fixed or determinable, and collection is considered probable. 

Our revenue recognition is recorded on the percentage of completion method for sales and installation revenue and on the accrual basis for fees and interest income.  We recognize and record income when the customer has a legal obligation to pay.  All our revenue streams are acknowledged by written contracts for any of the revenue we record.  There are no differences between major classes of customers or customized orders.  We record discounts, product returns, rebates and other related accounting issues in the normal business manner and experience very small number of adjustments to our written contractual sales.  There are no post-delivery obligations because warranties are maintained by our suppliers. Our lease fees are earned by providing services to contractors for financing of solar systems.  Normally we will acquire the promissory note (lease) on a leased system that will provide cash flow for up to 20 years.  Interest is recorded on the books when earned on amortized leases.

Receivable [Policy Text Block]

Accounts Receivable and work-in-progress

The Company recognizes revenue upon delivery of product to customers and does not make bill-and-hold sales.  Contracts spanning reporting periods are recorded on the percentage of completion method, based on the ratio of total costs to total estimated costs by project, for recognition of revenue and expenses.  Accounts receivable includes fully completed and partially completed projects and partially billed statements for completed work and product delivery.  The Company records a reserve for bad debts in the amount of 2% of earned accounts receivable.  When the Company determines that an account is uncollectible, the account is written off against the reserve and the balance to expense.  If the reserve is deemed to be inadequate after annual reviews, the reserve will be increased to an adequate level.

Inventory, Policy [Policy Text Block]

Inventory

The Company records inventory of construction supplies at cost using the first in first out method.  After review of the inventory on an annual basis, the Company discounts all obsolete items to fair market value and has established a valuation reserve of 10% of the inventory at total cost to account for obsolescence. As of December 31, 2019, all inventory was written off. Inventory at September 30, 2020, was $0 and at September 30, 2019 was $61,870.

Income Tax, Policy [Policy Text Block]

Income Taxes

The Company has net operating loss carryforwards as of September 30, 2020 totaling approximately $4,988,933 net of accrued derivative liabilities and stock-based compensation, which are assumed to be non-tax events. A deferred 21% tax benefit of approximately $1,047,676 has been offset by a valuation allowance of the same amount as its realization is not assured. The full realization of the tax benefit associated with the carry-forward depends predominately upon the Company’s ability to generate taxable income during future periods, which is not assured.

The Company files in the US only and is not subject to taxation in any foreign country. There are three open years for which the Internal Revenue Service can examine our tax returns so 2016, 2017 and 2018 are still open years and 2019 will replace 2016 when the tax return is filed.

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Values of Financial Instruments

ASC 825 requires the Corporation to disclose estimated fair value for its financial instruments.  Fair value estimates, methods, and assumptions are set forth as follows for the Corporation’s financial instruments.  The carrying amounts of cash, receivables, other current assets, payables, accrued expenses and notes payable are reported at cost but approximate fair value because of the short maturity of those instruments. The Company evaluates derivatives based on level 3 indicators.

ASC 825 requires the Corporation to disclose estimated fair value for its financial instruments.  Fair value estimates, methods, and assumptions are set forth as follows for the Corporation’s financial instruments.  The carrying amounts of cash, receivables, other current assets, payables, accrued expenses and notes payable are reported at cost but approximate fair value because of the short maturity of those instruments.

The Company measures assets and liabilities at fair value based on expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale date of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.

The following are the hierarchical levels of inputs to measure fair value:

Level 1:  Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2:  Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3:  Unobservable inputs reflecting the Company’s assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.    

The carrying amounts of the Company’s financial assets and liabilities, such as cash, accounts payable and accrued expenses, approximate their fair values because of the current nature of these instruments. Debt approximates fair value based on interest rates available for similar financial arrangements. Derivative liabilities which have been bifurcated from host convertible debt agreements are presented at fair value. See note __ for complete derivative and convertible debt disclosure.

Derivatives, Policy [Policy Text Block]

Derivative Financial Instruments

Fair value accounting requires bifurcation of embedded derivative instruments such as convertible features in convertible debts or equity instruments, and measurement of their fair value for accounting purposes. In determining the appropriate fair value, the Company uses the binomial option-pricing model. In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if there is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional convertible debt, the Company will continue its evaluation process of these instruments as derivative financial instruments.  

Once determined, derivative liabilities are adjusted to reflect fair value at each reporting period end with any increase or decrease in the fair value being recorded in results of operations as an adjustment to fair value of derivatives. In addition, the fair value of freestanding derivative instruments, such as warrants, are also valued using the binomial option-pricing model.

New Accounting Pronouncements, Policy [Policy Text Block]

Effects of Recently Issued Accounting Pronouncements

The Company has reviewed all recently issued accounting pronouncements and have determined the following have an effect on our financial statements:

Share-based Payment Arrangement [Policy Text Block]

Stock-Based Compensation

The Company accounts for employee and non-employee stock awards under ASC 505 and ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable. For employees, the Company recognizes compensation expense for share-based awards based on the estimated fair value of the award on the date of grant and the probable attainment of a specified performance condition or over a service period.

Earnings Per Share, Policy [Policy Text Block]

Per Share Computations

Basic net earnings per share are computed using the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares and the dilutive potential common shares outstanding during the period. All shares were considered anti-dilutive at December 31, 2019. Potentially dilutive share issues are: 1) all unissued common shares sold, 2) all convertible debentures have a possibility of a large number of shares being issued and would result in a larger number of shares issued if the price remains low, 3) the preferred stock of the company held by insiders is convertible into common shares and the preferred stock is voted on a 20 to 1 basis, 4) all options issued. All of the above are potential dilutive items.

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Summary of significant accounting policies (Tables)

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Revenue from External Customers by Products and Services [Table Text Block]

The Company generates revenue from sales of solar products, LED lighting, installation services and leasing fees. During the last two fiscal years, the company had product sales as follows:

Sales Product and Services Description	September 30, 2020				September 30, 2019
Solar PV residential and commercial sales	$	615,687	70	%	$	1,574,349	98	%
Air conditioning sales and service		77,018	15	%
Energy efficient lighting & other income		75,219	15	%		51,733	2	%
Interest Income		209	-	%		532	-	%
Total revenue	$	768,133	100	%	$	1,626,614	100	%

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Accounts Receivable (Tables)

9 Months Ended

Sep. 30, 2020

Accounts Receivable And Work In Process Table [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Accounts receivable as of September 30, 2020 and 2019, consists of the following:

Description	September 30, 2020		September 30, 2019
Accounts receivable on completed contracts	$	31,242	$	30,408
Costs and estimated earnings on contracts in progress		-		243,693
Total	$	31,242	$	274,101

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Fixed Assets (Tables)

9 Months Ended

Sep. 30, 2020

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

The Company has acquired all its office and field work equipment with cash payments and financial institution loans. The total fixed assets consist of land and building, vehicles, office furniture, tools and various equipment items and the totals are as follows:

	September 30,			December 31,
Asset	2020			2019
Land and Building	$	326,400		$	326,400
Equipment		134,326			121,556
Accumulated depreciation		(105,978	)		(93,018	)
Fixed Assets, net of accumulated depreciation	$	354,748		$	354,938

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Notes Payable from Officers and Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2020

Related Party Transactions [Abstract]

Schedule of Related Party Transactions [Table Text Block]

Related party notes payable as of September 30, 2020 and December 31, 2019 consists of the following:

Description	September 30, 2020		December 31, 2019
Notes payable – Director bearing interest at 12% per annum, unsecured, demand notes.	$	60,000,	$	60,000
Note payable – Mr. O’Dowd bearing interest at 12% per annum, unsecured, demand note		61,052		61,052
Note payable – other bearing interest at 12% per annum, unsecured, demand note.		202,206		127,506
Total	$	323,258	$	248,558

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Short Term Notes Payable (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Short-term Debt [Table Text Block]

Description	September 30, 2020		December 31, 2019
Bill’d Exchange, LLC, an equipment capital lender, initial financing August 2, 2019, finances equipment for commercial contracted customers in varying amounts	$	32,859	$	239,852
Merchant loan – Knight Capital Funding, LLC		38,694		61,747
Merchant loan – Pearl lending		51,750		65,664
Merchant loan – Green Capital		14,748		35,250
Private money loan from Perfectly Green Corporation, borrowed January 22, 2018, bearing interest at 3% per annum, unsecured (3) demand note-Original balance $60,000, current balance		33,754		33,754
Total	$	171,805	$	436,267

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Convertible debentures -net of discounts (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Convertible Debt [Table Text Block]

During the year ended December 31, 2019, the Company funded operations with borrowing on new convertible promissory notes. This table presents the positions on the notes as of September 30, 2020.

Holder	Date   of Loan		Loan amount		OID and discounts   and fees		Interest  rate			Balance December 31, 2019		Balance September 30, 2020
Power Up Lending Group Ltd		5-13-19	$	96,300	$	13,300		8	%	$	4,300	$	0
Power Up Lending Group Ltd		8-14-19		68,000		13,000		8	%		68,000		0
Power Up Lending Group Ltd		9-11-19		76,000		13,000		8	%		76,000		57,450
Crown Bridge Tranche 1		8-8-19		50,000		5,000		8	%		50,000		23,540
Oasis Capital		9-1-18		150,000		124,671					274,671		243,509
Totals and balances for 6-30-2020			$	442,300	$	164,471				$	472,971	$	324,499

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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table shows the change in the fair value of the derivative liabilities on all outstanding convertible debt at September 30,2020 and at December 30,2019:

Description	September 30,  2020			December 31,  2019
Purchase price of the convertible debenture - net of discount	$	442,300		$	442,300
Valuation reduction during the period		(298,354	)		(344,326	)
Balance of derivative liability net of discount on the notes (See Consolidated Balance sheet liabilities)	$	143,946		$	97,974
Derivative calculations and presentations on the Statement of Operations
Loss on note issuance				$	-
Change in Derivative (Gain) Loss		(157,575	)		(48,453	)
Derivative Finance fees		(1,055	)		(318,972	)
Gain (loss) on extinguishment of debt					(244,712	)
Derivative expense charged to operations in 2020 and 2019 (See Consolidated Statement of Operations)	$	(158,630	)	$	( 612,137	)

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Long term debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

Holder	Date issued		Interest rate			Amount due September 30, 2020		Amount due December 31, 2019
Real Estate Note Allen-Neisen Family trust – Et. Al.		12-31-19		5	%	$	291,914	$	300,000
US Treasury EIDL payroll loan (Forgivable		5-04-20		1	%		124,099		-
US Treasury SBA guaranteed loan		7-21-20		3.75	%		149,900		-
Ascentium Capital		10-1-18		13	%		7,024		11,192
Fredrick Donze		9-2-18		6	%		3,733		4,043
Charles O’Dowd (officer)		8-9-18		6	%		1,946		3,625
Total long term debt							578,616		318,860
Less Current portion							16,717		18,860
Total long-term debt						$	561,899	$	300,000

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Stockholder's Deficit (Tables)

9 Months Ended

Sep. 30, 2020

Stockholders' Equity Note [Abstract]

Schedule of Debt Conversions [Table Text Block]

During the three months ended September 30, 2020 the following shares were converted from debt.

Capital Company	Shares converted		Dollars converted
Crown Bridge Partners		99,000,000	$	8,880
Power Up		170,000,000		40,800
Oasis Capital		1,097,220,189		24,884
Total		1,366,220,189	$	74,564

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Equity Awards (Tables)

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Activity [Table Text Block]

The following table sets forth information on outstanding option and stock awards held by the named executive officers of the Company at September 30, 2020 and December 31, 2019, including the number of shares underlying both exercisable and un-exercisable portions of each stock option as well as the exercise price and the expiration date of each outstanding option. See Note to Notes to Consolidated Financial Statements.

Outstanding Equity Awards After Fiscal Year-End (1)
Name	Number of securities underlying unexercised options exercisable (1)			Number of securities underlying unexercised options un-exercisable (2)		Option Exercise Price ($)		Option Grant Date	Option Expiration Date
Charles O’Dowd		500,000	(3)		0	$	.001	01/01/2017	01/01/2021
Wayne Marx		500,000			0	$	.001	01/01/2017	01/01/2021
Mikael Mildebrandt		1,000,000	(4)		8	$	.001	11/01/2019	11/01/2013
Adrian Balinski		1,000,000	(4)		8	$	.001	11/01/2019	11/01/2023

(1) No Equity Awards were issued during the year ended December 31, 2019 or during the six months ended September 30, 2020.

(2)	All options vest 20% per year beginning on the first anniversary of their grant date.
(3)	This option was terminated when Mr. O’Dowd resigned from the Company in October 2019.
(4)	Messrs. Mildebrandt and Balinski were each awarded 1,000,000 shares of restricted common stock as of October 31, 2019, for being officers and directors of the Company.
(5)	Messers. Mildebrandt and Balinski have resigned as officers and directors.

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Overview and Description of the Company (Details) - shares				12 Months Ended
	Dec. 23, 2018	Jan. 13, 2017	Jun. 30, 2011	Dec. 31, 2017	Sep. 30, 2020	Dec. 31, 2019	Nov. 08, 2018	Sep. 27, 2017	Dec. 31, 2014
Accounting Policies [Abstract]
Stockholders' Equity, Reverse Stock Split	1-for-20	1-for-10	1 for 23
Common Stock, Shares Authorized		50,000,000			5,000,000,000	5,000,000,000	5,000,000,000	2,000,000,000	500,000,000
Common Shares and Preferred Shares Authorized, Description				The Company held a Special Meeting of Stockholders in May 2017 which authorized an amendment to the Articles of Incorporation to increase the authorized common share capital to 2,000,000,000 common shares and 100,000,000 preferred shares.

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Summary of significant accounting policies (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Summary of significant accounting policies (Details) [Line Items]
Reserve for Bad Debts, Percentage of Accounts Receivable	2.00%
Inventory, Valuation Reserve	10.00%
Inventory, Net	$ 0.00	$ 61,870
Operating Loss Carryforwards		$ 4,988,933
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent		21.00%
Deferred Tax Assets, Valuation Allowance	$ 1,047,676
Minimum [Member]
Summary of significant accounting policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Maximum [Member]
Summary of significant accounting policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life	10 years

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Summary of significant accounting policies (Details) - Schedule of Revenue from External Customers by Product or Service - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue from External Customer [Line Items]
Revenues	$ 246,102	$ 512,988	$ 768,133	$ 1,626,614
Revenues, Percentage			100.00%	100.00%
Interest Income [Member]
Revenue from External Customer [Line Items]
Revenues			$ 209	$ 532
Revenues, Percentage			0.00%	0.00%
Solar PV Residential and Commercial Sales [Member]
Revenue from External Customer [Line Items]
Revenues			$ 615,687	$ 1,574,349
Revenues, Percentage			70.00%	98.00%
Air Conditioning Sales and Service [Member]
Revenue from External Customer [Line Items]
Revenues			$ 77,018	$ 0
Revenues, Percentage			15.00%	0.00%
ABCO LED and Energy Efficient Lighting [Member]
Revenue from External Customer [Line Items]
Revenues			$ 75,219	$ 51,733
Revenues, Percentage			15.00%	2.00%

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Going Concern (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net Income (Loss) Attributable to Parent	$ (799,162)	$ (712,635)	$ (1,381,327)
Net Cash Provided by (Used in) Operating Activities	(116,093)	$ (78,518)
Retained Earnings (Accumulated Deficit)	$ (7,360,670)		$ (6,561,508)

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Accounts Receivable (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Accounts Receivable And Work In Process Table [Abstract]
Billings in Excess of Cost	$ 194,401	$ 76,052

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Accounts Receivable (Details) - Schedule of Accounts, Notes, Loans and Financing Receivable - USD ($)	Sep. 30, 2020	Sep. 30, 2019
Schedule of Accounts, Notes, Loans and Financing Receivable [Abstract]
Accounts receivable on completed contracts	$ 31,242	$ 30,408
Costs and estimated earnings on contracts in progress		243,693
Total	$ 31,242	$ 274,101

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Inventory (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Inventory, Net	$ 0.00	$ 61,870

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Security deposits and Long Term Commitments (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2020 USD ($)	Dec. 31, 2019 USD ($) ft² a	May 01, 2014 ft²
Security deposits and Long Term Commitments (Details) [Line Items]
Security Deposit	$ 2,700	$ 5,200
Payments for Deposits	2,500
Lessee, Operating Lease, Renewal Term		1 year
Building [Member]
Security deposits and Long Term Commitments (Details) [Line Items]
Security Deposit	$ 2,700
Building [Member] | Tucson, Arizona [Member]
Security deposits and Long Term Commitments (Details) [Line Items]
Area of Real Estate Property (in Square Feet) | ft²			3,600
Lessee, Operating Lease, Term of Contract	1 year
Operating Leases, Rent Expense, Minimum Rentals		$ 2,741
Lease Expiration Date		Nov. 01, 2019
Operating Leases, Future Minimum Payments Due	$ 2,741
Land and Building [Member]
Security deposits and Long Term Commitments (Details) [Line Items]
Area of Real Estate Property (in Square Feet) | ft²		4,800
Area of Land (in Acres) | a		0.5

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Investment in long term leases (Details) - USD ($)	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Receivables [Abstract]
Loans and Leases Receivable, Net Amount	$ 3,995	$ 4,136
Proceeds from Collection of Lease Receivables	$ 6,376

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Fixed Assets (Details)	3 Months Ended	6 Months Ended	9 Months Ended		12 Months Ended
	Mar. 31, 2019 USD ($)	Jun. 30, 2020 USD ($)	Sep. 30, 2020 USD ($)	Sep. 30, 2019 USD ($)	Dec. 31, 2019 USD ($) ft²
Fixed Assets (Details) [Line Items]
Depreciation	$ 7,915	$ 6,593	$ 6,593	$ 7,915
Debt Instrument, Face Amount			$ 442,300
Mortgages [Member]
Fixed Assets (Details) [Line Items]
Debt Instrument, Face Amount					$ 300,000
Land and Building [Member]
Fixed Assets (Details) [Line Items]
Area of Real Estate Property (in Square Feet) | ft²					4,800
Debt Instrument, Face Amount					$ 25,000
Property, Plant and Equipment, Additions					325,000
Building [Member]
Fixed Assets (Details) [Line Items]
Property, Plant and Equipment, Additions					$ 1,400

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Fixed Assets (Details) - Schedule of Property, Plant and Equipment - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Accumulated depreciation	$ (105,978)	$ (93,018)
Fixed Assets, net of accumulated depreciation	354,748	354,938
Land and Building [Member]
Property, Plant and Equipment [Line Items]
	326,400	326,400
Equipment [Member]
Property, Plant and Equipment [Line Items]
	$ 134,326	$ 121,556

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Notes Payable from Officers and Related Party Transactions (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Notes Payable from Officers and Related Party Transactions (Details) [Line Items]
Debt Instrument, Face Amount	$ 442,300
Notes Payable, Related Parties, Current	323,258	$ 248,558
Due to Related Parties, Current	443,069
Director [Member] | Note Payable #1 [Member]
Notes Payable from Officers and Related Party Transactions (Details) [Line Items]
Debt Instrument, Face Amount	$ 60,000
Debt Instrument, Interest Rate, Stated Percentage	12.00%	12.00%
Interest Payable, Current	$ 41,448	$ 36,061
Notes Payable, Related Parties, Current	$ 60,000	$ 60,000
Officer [Member] | Note Payable #2 [Member]
Notes Payable from Officers and Related Party Transactions (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	12.00%	12.00%
Interest Payable, Current	$ 32,848	$ 27,368
Notes Payable, Related Parties, Current	$ 61,052	$ 61,052
Other Related Party [Member] | Note Payable #3 [Member]
Notes Payable from Officers and Related Party Transactions (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	12.00%	12.00%
Interest Payable, Current	$ 45,516	$ 28,556
Notes Payable, Related Parties, Current	$ 202,206	127,506
Notes Payable, Related Parties		$ 202,206

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Notes Payable from Officers and Related Party Transactions (Details) - Schedule of Related Party Debt - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Notes Payable, Related Party	$ 323,258	$ 248,558
Director [Member] | Note Payable #1 [Member]
Related Party Transaction [Line Items]
Notes Payable, Related Party	60,000	60,000
Officer [Member] | Note Payable #2 [Member]
Related Party Transaction [Line Items]
Notes Payable, Related Party	61,052	61,052
Other Related Party [Member] | Note Payable #3 [Member]
Related Party Transaction [Line Items]
Notes Payable, Related Party	$ 202,206	$ 127,506

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Notes Payable from Officers and Related Party Transactions (Details) - Schedule of Related Party Debt (Parentheticals)	Sep. 30, 2020	Dec. 31, 2019
Director [Member] | Note Payable #1 [Member]
Related Party Transaction [Line Items]
Interest at	12.00%	12.00%
Officer [Member] | Note Payable #2 [Member]
Related Party Transaction [Line Items]
Interest at	12.00%	12.00%
Other Related Party [Member] | Note Payable #3 [Member]
Related Party Transaction [Line Items]
Interest at	12.00%	12.00%

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Short Term Notes Payable (Details) - USD ($)					9 Months Ended
	Dec. 31, 2019	Dec. 06, 2019	Jan. 30, 2019	Jan. 22, 2018	Nov. 30, 2020	Sep. 30, 2020	Aug. 10, 2019
Short Term Notes Payable (Details) [Line Items]
Debt Instrument, Face Amount						$ 442,300
Short-term Debt	$ 436,267					171,805
Knight Capital Funding, LLC [Member]
Short Term Notes Payable (Details) [Line Items]
Proceeds from Short-term Debt			$ 153,092
Short-term Debt, Percentage Bearing Fixed Interest Rate			23.00%
Debt Instrument, Face Amount							$ 144,900
Short-term Debt	61,747					38,694
Pearl Delta Funding [Member]
Short Term Notes Payable (Details) [Line Items]
Proceeds from Short-term Debt		$ 52,174
Short-term Debt, Percentage Bearing Fixed Interest Rate		36.00%
Debt Instrument, Face Amount		$ 72,000
Short-term Debt	65,664					51,750
Debt Instrument, Periodic Payment		$ 450
Green Capital Funding [Member]
Short Term Notes Payable (Details) [Line Items]
Proceeds from Short-term Debt	$ 25,000
Short-term Debt, Percentage Bearing Fixed Interest Rate	36.00%
Debt Instrument, Face Amount	$ 35,250
Short-term Debt	35,250					14,748
Debt Instrument, Periodic Payment					$ 1,000
Debt Instrument, Frequency of Periodic Payment					per month
Perfectly Green Corporation [Member]
Short Term Notes Payable (Details) [Line Items]
Proceeds from Short-term Debt				$ 60,000
Short-term Debt, Percentage Bearing Fixed Interest Rate				3.00%
Debt Instrument, Face Amount	60,000					60,000
Short-term Debt	$ 33,754					33,754
Repayments of Short-term Debt						$ 26,246

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Short Term Notes Payable (Details) - Schedule of Short-term Debt - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Short-term Debt [Line Items]
Short term debt	$ 171,805	$ 436,267
Bill'd Exchange, LLC [Member]
Short-term Debt [Line Items]
Short term debt	32,859	239,852
Knight Capital Funding, LLC [Member]
Short-term Debt [Line Items]
Short term debt	38,694	61,747
Pearl Lending [Member]
Short-term Debt [Line Items]
Short term debt	51,750	65,664
Green Capital [Member]
Short-term Debt [Line Items]
Short term debt	14,748	35,250
Perfectly Green Corporation [Member]
Short-term Debt [Line Items]
Short term debt	$ 33,754	$ 33,754

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Short Term Notes Payable (Details) - Schedule of Short-term Debt (Parentheticals) - Perfectly Green Corporation [Member] - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Short-term Debt [Line Items]
Interest	3.00%	3.00%
Original Balance	$ 60,000	$ 60,000

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Convertible debentures -net of discounts (Details) - USD ($)										2 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 21, 2020	Jan. 21, 2020	Sep. 11, 2019	Aug. 14, 2019	Aug. 08, 2019	May 13, 2019	Mar. 19, 2019	Feb. 16, 2019	Sep. 01, 2018	Nov. 23, 2020	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Jun. 30, 2020
Convertible debentures -net of discounts (Details) [Line Items]
Derivative Liability															$ 207,081
Debt Instrument, Face Amount											$ 442,300		$ 442,300
Debt Conversion, Original Debt, Amount											$ 74,564				$ 275,237
Proceeds from Convertible Debt													(73,058)	$ 362,000
Repayments of Convertible Debt													84,601	277,000
Debt Conversion, Converted Instrument, Shares Issued (in Shares)											1,366,220,189				1,365,518,410
Convertible Debt											$ 324,499		324,499		$ 472,971
Power Up Lending Group, LTD #1 [Member]
Convertible debentures -net of discounts (Details) [Line Items]
Debt Instrument, Face Amount						$ 96,300					96,300		96,300
Debt Instrument, Unamortized Discount						10,000
Debt Issuance Costs, Gross						$ 3,300
Debt Instrument, Convertible, Terms of Conversion Feature						The Note is convertible into Company common stock beginning six months after the date of the Note with a stated discount rate of 19% as set forth in the Note. There is no trigger of derivative liability from conversion features until six months after initial borrowing date.  Without the OID, the effective discount would have been 35%
Debt Conversion, Original Debt, Amount													4,300		92,000
Convertible Debt											0		0		4,300
Power Up Lending Group, LTD #2 [Member]
Convertible debentures -net of discounts (Details) [Line Items]
Debt Instrument, Face Amount				$ 68,000							68,000		68,000
Debt Instrument, Unamortized Discount				10,000.00
Debt Issuance Costs, Gross				$ 3,000.00
Debt Instrument, Convertible, Terms of Conversion Feature				The Note is convertible into Company common stock beginning six months after the date of the Note with an effective discount rate of approximately 19% upon conversion. There is no trigger of derivative liability from conversion features until six months after initial borrowing date. Without the OID, the effective discount rate would be 35% as set forth in the Note. The net proceeds from the Note, was used for working capital. $68,000 of this note was converted during the six months ended September 30, 2020. The Company issued to Power Up Lending Group, Inc. [“Power Up”], a $76,000 Convertible Promissory Note dated September 11, 2019 [“Note”] which contains an original issue discount of $10,000.00 (OID) and expenses of $3,000.00 [“Note”]. The Note is convertible into Company common stock beginning six months after the date of the Note with an effective discount rate of approximately 19 % upon conversion. There is no trigger of derivative liability from conversion features until six months after initial borrowing date. Without the OID, the effective discount rate would be 35% as set forth in the Note. The net proceeds from the Note, was used for working capital. $18,550 of this note was converted during the nine months ended September 30, 2020. On August 8, 2019 the Company issued to Crown Bridge Partners, LLC a Convertible Promissory Note which contains an original issue discount of $15,000 and expenses of $6,000 [“Note”]. ABCO has borrowed the first tranche of $50,000 and paid the expenses of $5,000 of this agreement. The note is divided into 3 tranches with the 1st being executed on August 8, 2019 and the remaining 2 tranches to be issued at Company’s discretion. The note is convertible into Company common stock beginning six months after the date of the effective date of each tranche with a stated discount rate of 36%. There is no trigger of derivative liability from conversion features until six months after initial borrowing date.
Debt Conversion, Original Debt, Amount													68,000
Convertible Debt											0		0		68,000
Power Up Lending Group, LTD #3 [Member]
Convertible debentures -net of discounts (Details) [Line Items]
Debt Instrument, Face Amount			$ 76,000								76,000		76,000
Debt Instrument, Unamortized Discount			10,000.00
Debt Issuance Costs, Gross			$ 3,000.00
Debt Instrument, Convertible, Terms of Conversion Feature			The Note is convertible into Company common stock beginning six months after the date of the Note with an effective discount rate of approximately 19 % upon conversion. There is no trigger of derivative liability from conversion features until six months after initial borrowing date. Without the OID, the effective discount rate would be 35% as set forth in the Note. The net proceeds from the Note, was used for working capital. $18,550 of this note was converted during the nine months ended September 30, 2020. On August 8, 2019 the Company issued to Crown Bridge Partners, LLC a Convertible Promissory Note which contains an original issue discount of $15,000 and expenses of $6,000 [“Note”]. ABCO has borrowed the first tranche of $50,000 and paid the expenses of $5,000 of this agreement. The note is divided into 3 tranches with the 1st being executed on August 8, 2019 and the remaining 2 tranches to be issued at Company’s discretion. The note is convertible into Company common stock beginning six months after the date of the effective date of each tranche with a stated discount rate of 36%. There is no trigger of derivative liability from conversion features until six months after initial borrowing date.
Debt Conversion, Original Debt, Amount													18,550
Convertible Debt											57,450		57,450		76,000
Crown Bridge Tranche 1 [Member]
Convertible debentures -net of discounts (Details) [Line Items]
Debt Instrument, Face Amount											50,000		50,000
Debt Instrument, Unamortized Discount					$ 15,000
Debt Issuance Costs, Gross					$ 6,000
Debt Instrument, Convertible, Terms of Conversion Feature					The note is convertible into Company common stock beginning six months after the date of the effective date of each tranche with a stated discount rate of 36%. There is no trigger of derivative liability from conversion features until six months after initial borrowing date. At the time of the Buyer’s funding of each tranche under the Note, the Company shall issue to Buyer as a commitment fee, a common stock purchase warrant to purchase an amount of shares of its common stock equal to 150% of the face value of each respective tranche divided by $0.05 (for illustrative purposes, the First Tranche face value is equal to $50,000, which resulted in the issuance of a warrant to purchase 1,500,000 shares of the Company’s common stock) pursuant to the terms provided therein (all warrants issuable hereunder, including now and in the future, shall be referred to, in the aggregate, as the “Warrant”) (all warrants issuable hereunder shall be in the same form as the Warrant issued in connection with the First Tranche).
Debt Conversion, Original Debt, Amount											$ 8,880		26,460
Proceeds from Convertible Debt					$ 50,000
Payments of Debt Issuance Costs					$ 5,000
Embedded Derivative, Fair Value of Embedded Derivative Liability														$ 4,314	71,764
Derivative, Gain on Derivative															57,075
Debt Conversion, Converted Instrument, Shares Issued (in Shares)											99,000,000
Convertible Debt											$ 23,540		23,540		50,000
Power Up Lending Group, LTD #7 [Member]
Convertible debentures -net of discounts (Details) [Line Items]
Debt Instrument, Face Amount								$ 55,000.00
Debt Instrument, Unamortized Discount								10,000.00
Debt Issuance Costs, Gross								$ 3,000.00
Debt Instrument, Convertible, Terms of Conversion Feature								The Note was convertible into Company common stock beginning six months after the Effective Date with an effective discount rate of approximately 20%.
Repayments of Convertible Debt															106,145
Power Up Lending Group, LTD #8 [Member]
Convertible debentures -net of discounts (Details) [Line Items]
Debt Instrument, Face Amount							$ 55,000.00
Debt Instrument, Unamortized Discount							10,000.00
Debt Issuance Costs, Gross							$ 3,000.00
Debt Instrument, Convertible, Terms of Conversion Feature							The Note is convertible into Company common stock beginning six months after the Effective Date with an effective discount rate of approximately 20%.
Oasis Capital, LLC [Member]
Convertible debentures -net of discounts (Details) [Line Items]
Debt Instrument, Face Amount									$ 5,000,000		150,000		150,000
Debt Conversion, Original Debt, Amount	$ 15,493.25										$ 24,884		31,162		$ 19,405
Proceeds from Convertible Debt									$ 150,000
Debt Instrument, Description									Company entered into an Equity Purchase Agreement with Oasis Capital, LLC, a Puerto Rico limited liability company (“Investor”) pursuant to which Investor agreed to purchase up to $5,000,000 of the Company’s common stock at a price equal to 85% of the market price at the time of purchase (“Put Shares”).
Debt Conversion, Converted Instrument, Shares Issued (in Shares)	109,724,630										1,097,220,189				22,392,161
Debt, Current															$ 130,595
Increase (Decrease) in Prepaid Expenses, Other															144,076
Convertible Debt											$ 243,509		243,509		274,671
Other Noncash Expense															144,076
Amortization of Debt Issuance Costs and Discounts															$ 274,671
Oasis Capital, LLC [Member] | Subsequent Event [Member]
Convertible debentures -net of discounts (Details) [Line Items]
Debt Conversion, Original Debt, Amount										$ 62,956.44
Oasis Note 1 [Member]
Convertible debentures -net of discounts (Details) [Line Items]
Convertible Debt											62,956		62,956
Oasis Note 2 [Member]
Convertible debentures -net of discounts (Details) [Line Items]
Debt Instrument, Face Amount		$ 208,000
Debt Instrument, Convertible, Terms of Conversion Feature		The Note becomes convertible into common stock six months after the Effective Date at a 35% discount to market
Debt Conversion, Original Debt, Amount		$ 16,000
Proceeds from Convertible Debt												$ 59,000
Payments of Debt Issuance Costs		$ 8,000
Convertible Debt											$ 180,553		$ 180,553
Stock Issued During Period, Shares, Other (in Shares)		5,000,000
Stock Issued During Period, Value, Other		$ 14,500
Oasis Note 2 [Member] | First Tranche [Member]
Convertible debentures -net of discounts (Details) [Line Items]
Proceeds from Convertible Debt		$ 34,000
Oasis Note 2 [Member] | Tranche Two [Member]
Convertible debentures -net of discounts (Details) [Line Items]
Proceeds from Convertible Debt												$ 25,000
Both Oasis Notes [Member]
Convertible debentures -net of discounts (Details) [Line Items]
Convertible Debt																$ 243,509
Both Oasis Notes [Member] | Subsequent Event [Member]
Convertible debentures -net of discounts (Details) [Line Items]
Debt Conversion, Original Debt, Amount										$ 62,956

XML

Convertible debentures -net of discounts (Details) - Convertible Debt - USD ($)	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019	Sep. 11, 2019	Aug. 14, 2019	May 13, 2019	Sep. 01, 2018
Convertible debentures -net of discounts (Details) - Convertible Debt [Line Items]
Loan amount	$ 442,300
OID and discounts and fees	164,471
Balance	$ 324,499	$ 472,971
Power Up Lending Group, LTD #1 [Member]
Convertible debentures -net of discounts (Details) - Convertible Debt [Line Items]
Date of Loan	May 13, 2019
Loan amount	$ 96,300				$ 96,300
OID and discounts and fees	$ 13,300
Interest rate	8.00%
Balance	$ 0	4,300
Power Up Lending Group, LTD #2 [Member]
Convertible debentures -net of discounts (Details) - Convertible Debt [Line Items]
Date of Loan	Aug. 14, 2019
Loan amount	$ 68,000			$ 68,000
OID and discounts and fees	$ 13,000
Interest rate	8.00%
Balance	$ 0	68,000
Power Up Lending Group, LTD #3 [Member]
Convertible debentures -net of discounts (Details) - Convertible Debt [Line Items]
Date of Loan	Sep. 11, 2019
Loan amount	$ 76,000		$ 76,000
OID and discounts and fees	$ 13,000
Interest rate	8.00%
Balance	$ 57,450	76,000
Crown Bridge Tranche 1 [Member]
Convertible debentures -net of discounts (Details) - Convertible Debt [Line Items]
Date of Loan	Aug. 08, 2019
Loan amount	$ 50,000
OID and discounts and fees	$ 5,000
Interest rate	8.00%
Balance	$ 23,540	50,000
Oasis Capital, LLC [Member]
Convertible debentures -net of discounts (Details) - Convertible Debt [Line Items]
Date of Loan	Sep. 01, 2018
Loan amount	$ 150,000					$ 5,000,000
OID and discounts and fees	124,671
Balance	$ 243,509	$ 274,671

XML

Fair Value Measurements (Details) - Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation - Embedded Derivative Financial Instruments [Member] - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Purchase price of the convertible debenture - net of discount	$ 442,300	$ 442,300
Valuation reduction during the period	(298,354)	(344,326)
Balance of derivative liability net of discount on the notes (See Consolidated Balance sheet liabilities)	143,946	97,974
Derivative calculations and presentations on the Statement of Operations
Loss on note issuance	0	0
Change in Derivative (Gain) Loss	(157,575)	(48,453)
Derivative Finance fees	(1,055)	(318,972)
Gain (loss) on extinguishment of debt	0	(244,712)
Derivative expense charged to operations in 2019 (See Consolidated Statement of Operations)	$ (158,630)	$ (612,137)

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Long term debt (Details)			3 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2019 USD ($) ft²	Sep. 02, 2018 USD ($)	Mar. 31, 2020 USD ($)	Sep. 30, 2020 USD ($)	Dec. 31, 2019 USD ($) ft²	May 03, 2020 USD ($)	Aug. 09, 2018 USD ($)
Long term debt (Details) [Line Items]
Debt Instrument, Face Amount				$ 442,300
Real Estate Note Allen-Neisen Family Trust [Member]
Long term debt (Details) [Line Items]
Area of Real Estate Property (in Square Feet) | ft²	4,800				4,800
Property, Plant and Equipment, Additions	$ 325,000
Payments to Acquire Property, Plant, and Equipment	25,000
Debt Instrument, Face Amount	$ 300,000				$ 300,000
Debt Instrument, Interest Rate, Stated Percentage	5.00%				5.00%
US Treasury EIDL payroll loan [Member]
Long term debt (Details) [Line Items]
Debt Instrument, Face Amount						$ 124,099.00
Debt Instrument, Interest Rate, Stated Percentage						1.00%
SBA Loan From Bank of America [Member]
Long term debt (Details) [Line Items]
Debt Instrument, Face Amount				$ 150,000
Debt Instrument, Interest Rate, Stated Percentage				3.75%
Debt Instrument, Issuance Date				Jul. 21, 2020
Debt Instrument, Payment Terms				Installment payments, including principal and interest, of $731.00 Monthly, will begin Twelve (12) months from the date of the promissory Note. The balance of principal and interest will be payable Thirty (30) years from the date of the promissory Note. Interest will accrue at the rate of 3.75% per annum and will accrue only on funds actually advanced from the date(s) of each advance. Each payment will be applied first to interest accrued to the date of receipt of each payment, and the balance, if any, will be applied to principal.
Debt Instrument, Periodic Payment				$ 731.00
Debt Instrument, Frequency of Periodic Payment				Monthly
Debt Instrument, Collateral				For loan amounts of greater than $25,000, Borrower hereby grants to SBA, the secured party hereunder, a continuing security interest in and to any and all “Collateral” as described herein to secure payment and performance of all debts, liabilities and obligations of Borrower to SBA hereunder without limitation, including but not limited to all interest, other fees and expenses (all hereinafter called “Obligations”). The Collateral includes the following property that Borrower now owns or shall acquire or create immediately upon the acquisition or creation thereof: all tangible and intangible personal property, including, but not limited to: (a) inventory, (b) equipment, (c) instruments, including promissory notes (d) chattel paper, including tangible chattel paper and electronic chattel paper, (e) documents, (f) letter of credit rights, (g) accounts, including health-care insurance receivables and credit card receivables, (h) deposit accounts, (i) commercial tort claims, (j) general intangibles, including payment intangibles and software and (k) as-extracted collateral as such terms may from time to time be defined in the Uniform Commercial Code. The security interest Borrower grants includes all accessions, attachments, accessories, parts, supplies and replacements for the Collateral, all products, proceeds and collections thereof and all records and data relating thereto.
Ascentium Capital [Member]
Long term debt (Details) [Line Items]
Debt Instrument, Periodic Payment			$ 435
Fredrick Donze [Member]
Long term debt (Details) [Line Items]
Debt Instrument, Periodic Payment			$ 212
DR. Fred Air Conditioning [Member]
Long term debt (Details) [Line Items]
Business Combination, Consideration Transferred		$ 22,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		$ 15,000
Purchased Automobile [Member] | Promissory Note [Member]
Long term debt (Details) [Line Items]
Notes Payable				$ 1,946
Purchased Automobile [Member] | President [Member] | Promissory Note [Member]
Long term debt (Details) [Line Items]
Debt Instrument, Face Amount							$ 6,575
Debt Instrument, Interest Rate, Stated Percentage							6.00%
Long-term Debt, Term			1980 years
Repayments of Debt					$ 2,107

XML

Long term debt (Details) - Schedule of Long-term Debt Instruments - USD ($)	9 Months Ended
	Sep. 30, 2020	May 03, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long term debt, Amount due			$ 318,860
Less Current portion	$ 16,717		18,860
Total long-term debt	561,899		$ 300,000
Loans Payable [Member]
Debt Instrument [Line Items]
Long term debt, Amount due	578,616
Less Current portion	16,717
Total long-term debt	$ 561,899
Real Estate Note Allen-Neisen Family Trust [Member]
Debt Instrument [Line Items]
Long term debt, Interest rate			5.00%
Long term debt, Amount due			$ 300,000
Real Estate Note Allen-Neisen Family Trust [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Long term debt, Date issued	Dec. 31, 2019
Long term debt, Interest rate	5.00%
Long term debt, Amount due	$ 291,914
US Treasury EIDL payroll loan [Member]
Debt Instrument [Line Items]
Long term debt, Interest rate		1.00%
Long term debt, Amount due			0
US Treasury EIDL payroll loan [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Long term debt, Date issued	May 04, 2020
Long term debt, Interest rate	1.00%
Long term debt, Amount due	$ 124,099
SBA Loan From Bank of America [Member]
Debt Instrument [Line Items]
Long term debt, Date issued	Jul. 21, 2020
Long term debt, Interest rate	3.75%
Long term debt, Amount due			0
SBA Loan From Bank of America [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Long term debt, Date issued	Jul. 21, 2020
Long term debt, Interest rate	3.75%
Long term debt, Amount due	$ 149,900
Ascentium Capital [Member]
Debt Instrument [Line Items]
Long term debt, Amount due			11,192
Ascentium Capital [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Long term debt, Date issued	Oct. 01, 2018
Long term debt, Interest rate	13.00%
Long term debt, Amount due	$ 7,024
Fredrick Donze [Member]
Debt Instrument [Line Items]
Long term debt, Amount due			4,043
Fredrick Donze [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Long term debt, Date issued	Sep. 02, 2018
Long term debt, Interest rate	6.00%
Long term debt, Amount due	$ 3,733
Debt with Charles O’Dowd (officer) [Member]
Debt Instrument [Line Items]
Long term debt, Amount due			$ 3,625
Debt with Charles O’Dowd (officer) [Member] | Loans Payable [Member]
Debt Instrument [Line Items]
Long term debt, Date issued	Aug. 09, 2018
Long term debt, Interest rate	6.00%
Long term debt, Amount due	$ 1,946

XML

Stockholder's Deficit (Details) - USD ($)			1 Months Ended	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 28, 2018	Sep. 15, 2018	Oct. 31, 2019	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Stockholder's Deficit (Details) [Line Items]
Payments of Stock Issuance Costs (in Dollars)					$ 23,000
Debt Conversion, Converted Instrument, Shares Issued				1,366,220,189		1,365,518,410
Debt Conversion, Original Debt, Amount (in Dollars)				$ 74,564		$ 275,237
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture							1,350,000
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture (in Dollars)					$ 14,500		$ 27,000
Stock Issued During Period, Value, New Issues (in Dollars)						80,256
Preferred Stock, Conversion Basis		The holders of the Preferred are also entitled to an additional 300,000,000 common shares upon conversion of the Preferred Stock.
Dividends, Preferred Stock (in Dollars)						0	0
Dividends and Interest Paid (in Dollars)						0	$ 0
Dividends Payable (in Dollars)						$ 49,290
Delivered to Consultant [Member]
Stockholder's Deficit (Details) [Line Items]
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture							850,000
Minimum [Member]
Stockholder's Deficit (Details) [Line Items]
Preferred Stock, Dividend Rate, Percentage							6.00%
Maximum [Member]
Stockholder's Deficit (Details) [Line Items]
Preferred Stock, Dividend Rate, Percentage							12.00%
Officer and Director [Member]
Stockholder's Deficit (Details) [Line Items]
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture			1,000,000				450,000
Director [Member]
Stockholder's Deficit (Details) [Line Items]
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture							50,000
Non-US Investors [Member]
Stockholder's Deficit (Details) [Line Items]
Stock Issued During Period, Shares, New Issues						4,740,000
Proceeds from Issuance or Sale of Equity (in Dollars)						$ 160,305
Proceeds from the Sale of Equity, Net (in Dollars)						80,256
Non-US Investors [Member] | Commission and Expense Reimbursement [Member]
Stockholder's Deficit (Details) [Line Items]
Payments of Stock Issuance Costs (in Dollars)						$ 80,049
Convertible Preferred Stock [Member]
Stockholder's Deficit (Details) [Line Items]
Stock Issued During Period, Shares, New Issues		15,000,000
Stock Issued During Period, Value, New Issues (in Dollars)	$ 30,000
Preferred Stock, Par or Stated Value Per Share (in Dollars per share)		$ 0.001
Preferred Stock, Voting Rights		each with has 200 votes for each Preferred share held by them of record
Convertible Preferred Stock [Member] | Director [Member]
Stockholder's Deficit (Details) [Line Items]
Stock Issued During Period, Shares, New Issues		2,000,000
Convertible Preferred Stock [Member] | Chief Executive Officer [Member]
Stockholder's Deficit (Details) [Line Items]
Stock Issued During Period, Shares, New Issues		12,000,000
Convertible Preferred Stock [Member] | Delivered to Each Consultant [Member]
Stockholder's Deficit (Details) [Line Items]
Stock Issued During Period, Shares, New Issues		8,000,000
Series B Preferred Stock [Member]
Stockholder's Deficit (Details) [Line Items]
Stock Issued During Period, Value, New Issues (in Dollars)		$ 15,000
Preferred Stock, Par or Stated Value Per Share (in Dollars per share)				$ 0.001	$ 0.001	$ 0.001
Series B Preferred Stock [Member] | Officer and Director [Member]
Stockholder's Deficit (Details) [Line Items]
Stock Issued During Period, Shares, New Issues		30,000,000
Series B Preferred Stock [Member] | Delivered to Consultant [Member]
Stockholder's Deficit (Details) [Line Items]
Stock Issued During Period, Shares, New Issues		30,000,000

XML

Stockholder's Deficit (Details) - Schedule of Debt Conversions - USD ($)		3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 21, 2020	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2019
Debt Conversion [Line Items]
Shares converted		1,366,220,189		1,365,518,410
Dollars converted		$ 74,564		$ 275,237
Crown Bridge Tranche 1 [Member]
Debt Conversion [Line Items]
Shares converted		99,000,000
Dollars converted		$ 8,880	$ 26,460
Power Up Lending Group, LLC [Member]
Debt Conversion [Line Items]
Shares converted		170,000,000
Dollars converted		$ 40,800
Oasis Capital, LLC [Member]
Debt Conversion [Line Items]
Shares converted	109,724,630	1,097,220,189		22,392,161
Dollars converted	$ 15,493.25	$ 24,884	$ 31,162	$ 19,405

XML

Equity Awards (Details) - shares	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	All options vest 20% per year beginning on the first anniversary of their grant date.
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	1,000,000	620,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number		2,120,000

XML

Equity Awards (Details) - Share-based Payment Arrangement, Activity	9 Months Ended
	Sep. 30, 2020 $ / shares shares
Officer [Member]
Equity Awards (Details) - Share-based Payment Arrangement, Activity [Line Items]
Number of securities underlying unexercised options exercisable	500,000	[1],[2]
Number of securities underlying unexercised options un- exercisable	0	[3]
Option Exercise Price (in Dollars per share) | $ / shares	$ 0.001
Option Grant Date	Jan. 01, 2017
Option Expiration Date	Jan. 01, 2021
Director [Member]
Equity Awards (Details) - Share-based Payment Arrangement, Activity [Line Items]
Number of securities underlying unexercised options exercisable	500,000	[1]
Number of securities underlying unexercised options un- exercisable	0	[3]
Option Exercise Price (in Dollars per share) | $ / shares	$ 0.001
Option Grant Date	Jan. 01, 2017
Option Expiration Date	Jan. 01, 2021
Director 2 [Member]
Equity Awards (Details) - Share-based Payment Arrangement, Activity [Line Items]
Number of securities underlying unexercised options exercisable	1,000,000	[1],[4]
Number of securities underlying unexercised options un- exercisable	8	[3]
Option Exercise Price (in Dollars per share) | $ / shares	$ 0.001
Option Grant Date	Nov. 01, 2019
Option Expiration Date	Nov. 01, 2013
Chief Executive Officer [Member]
Equity Awards (Details) - Share-based Payment Arrangement, Activity [Line Items]
Number of securities underlying unexercised options exercisable	1,000,000	[1],[4]
Number of securities underlying unexercised options un- exercisable	8	[3]
Option Exercise Price (in Dollars per share) | $ / shares	$ 0.001
Option Grant Date	Nov. 01, 2019
Option Expiration Date	Nov. 01, 2023

[1] No Equity Awards were issued during the year ended December 31, 2019 or during the six months ended September 30, 2020.

[2] This option was terminated when Mr. O’Dowd resigned from the Company in October 2019.

[3] All options vest 20% per year beginning on the first anniversary of their grant date.

[4] Messrs. Mildebrandt and Balinski were each awarded 1,000,000 shares of restricted common stock as of October 31, 2019, for being officers and directors of the Company.

XML

Subsequent Events (Details) - USD ($)		2 Months Ended	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 21, 2020	Nov. 23, 2020	Sep. 30, 2020	Sep. 30, 2020	Dec. 31, 2019	May 29, 2020
Oasis Capital, LLC [Member]
Subsequent Events (Details) [Line Items]
Debt Conversion, Original Debt, Amount	$ 15,493.25		$ 24,884	$ 31,162	$ 19,405
Debt Conversion, Converted Instrument, Shares Issued (in Shares)	109,724,630		1,097,220,189		22,392,161
Oasis Capital, LLC [Member] | Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Debt Conversion, Original Debt, Amount		$ 62,956.44
Power Up Lending Group, LLC [Member]
Subsequent Events (Details) [Line Items]
Debt Conversion, Original Debt, Amount			$ 40,800
Debt Conversion, Converted Instrument, Shares Issued (in Shares)			170,000,000
Debt Instrument, Debt Default, Amount						$ 98,250
Power Up Lending Group, LLC [Member] | Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Subsequent Event, Description		In September 2020, Power Up withdrew its default notice after the Company became current in its filings under the 1934 Exchange Act with the SEC.