10-Q

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended June 30, 2021

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

Commission file number: 000-53505

BRAVO MULTINATIONAL INCORPORATED

(Exact name of registrant as specified in its charter)

Wyoming		85-4068651
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
	2020 General Booth Blvd., Unit 230 Virginia Beach, VA (principal executive offices)	23454 (Zip Code)
	Registrant’s telephone number, including area code: (757) 306-6090

Securities registered under Section 12(b) of the Exchange Act:	None
Securities registered under Section 12(g) of the Exchange Act:	Common stock, par value $0.0001 per share (Title of class)

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 [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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 and post such files). Yes [X] No [ ]

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

Large accelerated filer [ ]	Accelerated filer [ ]
Non-accelerated filer [X]	Smaller reporting company [X]
Emerging growth company [ ]

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

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

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 Par Value $0.0001	BRVO	NONE

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: At July 30, 2021 the registrant had outstanding 47,641,010 shares of common stock, par value $0.0001 per share.

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TABLE OF CONTENTS

	PAGE
PART I
Item 1.Condensed Unaudited Financial Statements​​	2

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations	11
Item 3. Quantitative and Qualitative Disclosures About Market Risk	16
Item 4. Controls and Procedures	16
PART II
Item 1. Legal Proceedings	18
Item 1A. Risk Factors	18
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	18
Item 3. Defaults Upon Senior Securities	18
Item 4. Mining Safety Disclosures	18
Item 5. Other Information	18
Item 6. Exhibits	19
Signatures	19

 

-1-

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

BRAVO MULTINATIONAL INCORPORATED

FINANCIAL REPORTS

AT

JUNE 30, 2021

INDEX TO FINANCIAL STATEMENTS
Condensed Consolidated Balance Sheets at June 30, 2021- Unaudited and December 31, 2020	3
Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2021 and 2020 - Unaudited	4
Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2021 and 2020 - Unaudited	5
Condensed Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended June 30, 2021 and 2020– Unaudited	6
Notes to the Condensed Consolidated Unaudited Financial Statements	7-10

-2-

Bravo Multinational Incorporated

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED

		June 30, 2021			December 31, 2020
ASSETS
Current Assets
Cash and Cash Equivalents	$	153		$	6,273
Accounts Receivable (Net of Allowance of $42,312 and $42,312, respectively)		-			-
Note Receivable (Net of Allowance of $2,725 and $2,725, respectively)		-			-
Notes Receivable - Related Party (Net of Allowance of $418,000 and $418,000, respectively)		-			-
Prepaid Expenses		100			-
Total Current Assets		253			6,273
Total Assets	$	253		$	6,273
LIABILITIES AND STOCKHOLDERS' DEFICIT
Liabilities
Accounts Payable and Accrued Expenses	$	100,102		$	100,232
Customer Deposits		35,800			35,800
Due to Related Parties		122,647			92,714
Notes Payable		9,490			9,490
Accrued Board of Directors Fees		824,917			587,417
Total Liabilities		1,092,956			825,653
Commitments and Contingencies (Note 10)
Stockholders' Deficit
Common Stock - $0.0001 Par; 1,000,000,000 Shares Authorized,
47,641,010 Issued and Outstanding, Respectively		4,763			4,763
Additional Paid-In-Capital		89,168,393			89,168,393
Accumulated Deficit		(90,265,859	)		(89,992,536	)
Total Stockholders' Deficit		(1,092,703	)		(819,380	)
Total Liabilities and Stockholders' Deficit	$	253		$	6,273
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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Bravo Multinational Incorporated

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2021			2020			2021			2020
Expenses
General and Administrative	$	2,201		$	2,136		$	4,811		$	5,914
Consulting - Related Party		-			-			-			12,000,000
Professional Fees		6,604			9,646			30,837			36,105
Board of Directors Fees		118,750			118,750			237,500			48,197,917
Total Expenses		127,555			130,532			273,148			60,239,936
Loss from Operations		127,555			130,532			273,148			60,239,936
Other (Income) and Expense
Interest Expense		87			87			175			175
Gain on Stock Payable Conversion		-			-			-			(8,795	)
Total Other (Income) and Expense		87			87			175			(8,620	)
Loss Before Income Taxes		127,642			130,619			273,323			60,231,316
Income Taxes		-			-			-			-
Net Loss for the Period	$	127,642		$	130,619		$	273,323		$	60,231,316
Weighted Average Number of Common Shares - Basic and Diluted		47,641,010			17,025,791			47,641,010			14,773,105
Net Loss for the Period Per Common Shares - Basic and Diluted	$	(0.00	)	$	(0.01	)	$	(0.01	)	$	(4.08	)
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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	Bravo Multinational Incorporated
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED

	For the Six Months Ended June 30,
		2021			2020
Cash Flows from Operating Activities
Net Loss for the Period	$	(273,323	)	$	(60,231,316	)
Non-Cash Adjustments:
Preferred Stock Issued for Board of Directors Fees		-			48,000,000
Preferred Stock Issued for Consulting Fees		-			12,000,000
Gain on Stock Payable Conversion		-			(8,795	)
Changes in Assets and Liabilities:
Prepaid Expenses		(100	)		10,000
Accounts Payable and Accrued Expenses		(130	)		(131	)
Accrued Board of Directors Fees		237,500			197,917
Net Cash Flows Used In Operating Activities		(36,053	)		(32,325	)
Cash Flows from Investing Activities		-			-
Cash Flows from Financing Activities
Due to Related Parties, Net		29,933			32,325
Net Cash Flows Provided by Financing Activities		29,933			32,325
Net Change in Cash and Cash Equivalents		(6,120	)		-
Cash and Cash Equivalents - Beginning of Period		6,273			6,286
Cash and Cash Equivalents - End of Period	$	153		$	6,286
Cash Paid During the Period for:
Interest	$	-		$	-
Income Taxes	$	-		$	-
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common Stock Issued from Stock Payable	$	-		$	1,593,348
Common Stock Exchanged for Due to Related Party	$	-		$	34,562
Preferred Stock Issued for Services	$	-		$	60,000,000
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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Bravo Multinational Incorporated

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2021 AND 2020 UNAUDITED

For the Three Months	Common Stock $ 0.0001 Par			Preferred Stock - A $ 0.0001 Par				Additional Paid-In		Accumulated			Total Stockholders'
Ended June 30, 2020	Shares		Amount	Shares		Amount		Capital		Deficit			Deficit
Balance - April 1, 2020	17,025,791	$	1,702	2,500,000	$	250	$	89,057,205	$	(89,619,404	)	$	(560,247	)
Net Loss for the Period	-		-	-		-		-		(130,619	)		(130,619	)
Balance - June 30, 2020	17,025,791	$	1,702	2,500,000	$	250	$	89,057,205	$	(89,750,023	)	$	(690,866	)

For the Three Months	Common Stock $ 0.0001 Par			Preferred Stock - A $ 0.0001 Par				Additional Paid-In		Accumulated			Total Stockholders'
Ended June 30, 2021	Shares		Amount	Shares		Amount		Capital		Deficit			Deficit
Balance - April 1, 2021	47,641,010	$	4,763	-	$	-	$	89,168,393	$	(90,138,217)		$	(965,061	)
Net Loss for the Period	-		-	-		-		-		(127,642	)		(127,642	)
Balance - June 30, 2021	47,641,010	$	4,763	-	$	-	$	89,168,393	$	(90,265,859	)	$	(1,092,703	)

For the Six Months	Common Stock $ 0.0001 Par			Preferred Stock - A $ 0.0001 Par				Additional Paid-In		Accumulated			Total Stockholders'
Ended June 30, 2020	Shares		Amount	Shares		Amount		Capital		Deficit			Deficit
Balance - January 1, 2020	8,929,057	$	893	-	$	-	$	27,430,354	$	(29,518,707	)	$	(2,087,460	)
Preferred Shares Issued for Services	-		-	2,500,000		250		59,999,750		-			60,000,000
Common Stock Issued to Pay Due to Related Party	132,932		13	-		-		34,549		-			34,562
Common Stock Issued to Pay Stock Payable	7,963,802		796	-		-		1,592,552		-			1,593,348
Net Loss for the Period	-		-	-		-		-		(60,231,316	)		(60,231,316	)
Balance - June 30, 2020	17,025,791	$	1,702	2,500,000	$	250	$	89,057,205	$	(89,750,023	)	$	(690,866	)

For the Six Months	Common Stock $ 0.0001 Par			Preferred Stock - A $ 0.0001 Par				Additional Paid-In		Accumulated			Total Stockholders'
Ended June 30, 2021	Shares		Amount	Shares		Amount		Capital		Deficit			Deficit
Balance - January 1, 2021	47,641,010	$	4,763	-	$	-	$	89,168,393	$	(89,992,536)		$	(819,380	)
Net Loss for the Period	-		-	-		-		-		(273,323	)		(273,323	)
Balance - June 30, 2021	47,641,010	$	4,763	-	$	-	$	89,168,393	$	(90,265,859	)	$	(1,092,703	)
The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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BRAVO MULTINATIONAL INCORPORATED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

NOTE 1 - Organization & Description of Business

Bravo Multinational Corporation (the "Company," "we" or "us") was originally formed as Montrose Ventures, Inc. in the State of Delaware on May 25, 1989. On April 23, 1996, the Company's name was changed to Java Group, Inc., and on September 1, 2004 the name was changed to Consolidated General Corp. On August 7, 2007, the Company's name was changed to GoldCorp Holdings Co. On October 15, 2010, our name was changed to GoldLand Holdings Co. On April 6, 2016, we changed our corporate name to Bravo Multinational Incorporated. On March 22, 2016, the board of directors of the company, pursuant to Section 242 of the Delaware General Corporation Law, determined it was in the best interests of the company that the name of the company should be changed to Bravo Multinational Incorporated, with such change of name to be effective upon compliance with all regulatory requirements mandated by FINRA. Further, as a result of the change of the company's name and upon satisfaction of all regulatory requirements, the trading symbol for the shares of the company's common stock should be changed to "BRVO," and the company's CUSIP identifier be changed to a newly issued number. FINRA granted its approval of the change of the company's name on April 6, 2016. As a result of the change of name of the company, the company's trading symbol was changed to "BRVO" and the CUSIP identifier was changed to 10568F109. On August 3, 2020, the Board of Directors agreed in changing the Company's incorporation from Delaware to Wyoming. On September 25, 2020, the Company merged into its wholly owned subsidiary Bravo Multinational (Wyoming) to achieve the change in state incorporation.

The Company filed a Form 8-K with the SEC on April 7, 2016, announcing the change of name, trading symbol, and CUSIP identifier.

The Company owned patented and unpatented mining claims on War Eagle Mountain in the state of Idaho. The Company entered into a lease agreement with Silver Falcon Mining, Inc. (SFMI) under which SFMI is entitled to mine the land and the Company is entitled to a 15% net royalty on all minerals extracted by SFMI from tailing piles on the premises or through shafts or adits located on the premises. The lease agreement was deferred for a two year period, 2014 and 2015, so that SFMI could restructure its finances. The Company determined that SFMI is unable to pay the lease and that any debt owing by SFMI to the Company is not recoverable. The Company currently owns 76.63 acres within seven patented claims with a 29.167% ownership interest on War Eagle Mountain in the state of Idaho. The Company allowed all of its BLM (Bureau of Land Management) unpatented and placer claims to expire. The carrying value on such claims both patented and unpatented was fully impaired due to lack of economic viabilities of such properties.

The Company is currently engaged in the business of buying and reselling gaming equipment. The Company also buys machines for its own use that are placed in casinos or gaming areas to obtain monthly revenue streams from the machines' net win revenue.

NOTE 2 - Summary of Significant Accounting Policies

Basis of Presentation

The accompanying condensed consolidated balance sheet at December 31, 2020, has been derived from audited financial statements and the accompanying unaudited condensed consolidated interim financial statements as of June 30, 2021 and 2020, have been prepared in accordance with generally accepted accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited financial statements and related footnotes included in our Annual report on Form 10-K for the year ended December 31, 2020 (the "2020 Annual Report"), filed with the Securities and Exchange Commission (the "SEC"). It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for a fair financial statement presentation. Operating results for the three and six months ended June 30, 2021, are not necessarily indicative of the results of operations expected for the year ending December 31, 2021.

Principles of Consolidation

The condensed consolidated financial statements include the accounts of Bravo Multinational Incorporated, and its wholly owned subsidiary, Universal Entertainment SAS, Ltd., (the "Company"). All significant inter-company balances have been eliminated in consolidation. During the year ended December 31, 2017, management recognized that Universal is an inactive Florida corporation which no longer operates.

Method of Accounting

The Company's condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP").

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and cash equivalents may include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States, which periodically may exceed federally insured amounts.

Accounts Receivable

Accounts receivable are customer obligations due under normal trade terms which are recorded at net realizable value. The Company establishes an allowance for doubtful accounts based on management's assessment of collectability of trade receivables. A considerable amount of judgment is required in assessing the amount of the allowance. The Company makes judgments about creditworthiness of each customer based on ongoing credit evaluations and monitors current economic trends that might impact the level of credit losses in the future. If the financial condition of the customers were to deteriorate, resulting in their inability to make payments, a specific allowance will be required.

Earnings (Loss) per Share

Earnings (loss) per share of common stock are computed in accordance with FASB ASC 260 "Earnings per Share". Basic earnings (loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive. Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding and diluted earnings (loss) per share.

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BRAVO MULTINATIONAL INCORPORATED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

NOTE 2 - Summary of Significant Accounting Policies - continued

Stock Based Compensation

The Company has issued and may issue stock in lieu of cash for certain transactions. The fair value of the stock, which is based on comparable cash purchases, third party fair values of shares or the value of services, whichever is more readily determinable, is used to value the transaction.

Fair Value Measurements

The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable, accrued liabilities, and notes payable approximate fair value.

We adopted ASC Topic 820 for financial instruments measured at fair value on a recurring basis. ASC Topic 820 defines fair value, establishes a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements.

Fair value is defined as the price 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 Topic 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

•

Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;

•

Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and

•

Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts receivable, inventory, notes payable, accounts payable, accrued liabilities approximate fair value given their short-term nature or effective interest rates. We measure certain financial instruments at fair value on a recurring basis.

Revenue Recognition

Beginning January 1, 2018, the Company implemented ASC 606, Revenue from Contracts with Customers. Although the new revenue standard is expected to have an immaterial impact, if any, on our ongoing net income, we did implement changes to our processes related to revenue recognition and the control activities within them. These included the development of new policies based on the five-step model provided in the new revenue standard, ongoing contract review requirements, and gathering of information provided for disclosures.

The Company recognizes revenue and cost of goods sold from product sales or services rendered when control of the promised goods are transferred to our clients in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle, we apply the following five steps: identify the contract with the client, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to performance obligations in the contract and recognize revenues when or as the Company satisfies a performance obligation.

The guidance requires increased disclosures, including qualitative and quantitative disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers.

The Company operates as one reportable segment.

There was no revenue during the three or six months ended June 30, 2021 and 2020 because conditions in Nicaragua have not changed.

NOTE 3 - Recently Issued Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

In February 2016, the FASB issued ASU 2016-02, Leases. The standard requires lessees to recognize lease assets and lease liabilities on the consolidated balance sheet and requires expanded disclosures about leasing arrangements. We adopted the standard on fiscal year January 1, 2019. Based on our assessment of the new standard on our condensed consolidated financial statements, which will consist primarily of a balance sheet gross up of our operating leases to show equal and offsetting lease assets and lease liabilities, we have concluded that the impact is insignificant to our condensed consolidated financial statements based on the short-term nature of our leases and our election of such practical expedient.

NOTE 4 - Going Concern

The Company's condensed consolidated financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has reported recurring losses from operations. As a result, there is an accumulated deficit at June 30, 2021.

While the Company is attempting to continue operations and generate revenues, the Company's cash position may not be significant enough to support the Company's daily operations. Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement the Company's business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company's ability to further implement its business plan and generate revenues.

-8-

BRAVO MULTINATIONAL INCORPORATED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

NOTE 5 – Accounts Receivable

Accounts receivable consisted of the following at June 30, 2021 and December 31, 2020:

	June 30, 2021			December 31, 2020
Accounts Receivable	$	42,312		$	42,312
Less: Allowance for Doubtful Accounts		(42,312	)		(42,312	)
Net Accounts Receivable	$	-		$	-

Due to civil unrest and the devastation of Hurricane Nate in Nicaragua in October 2017, the Company wrote off the machine income that was in accounts receivable on December 31, 2017 in the amount of $42,312.

The Allowance for Doubtful Accounts in the amount of $42,312 was collected but it remains in Nicaragua because of the political instability, social unrest, and US Government's trade and economic sanctions; no transfer of funds to the US can be done at this time. Since these issues have yet to be resolved both domestically and internationally with Nicaragua, the $42,312 amount has not been paid in the US and has been written-off. Since the revenue was earned and collected in Nicaragua, the revenue remains recognized as an account receivable.

NOTE 6 - Notes Receivable - Related Parties

Notes receivable related parties consisted of the following at June 30, 2021 and December 31, 2020:

	June 30, 2021			December 31, 2020
Investcom - See Note 8 Related Party	$	342,000		$	342,000
Rentcom - See Note 8 Related Party		76,000			76,000
Total Notes Receivable		418,000			418,000
Less: Allowance for Doubtful Accounts		(418,000	)		(418,000	)
Net Notes Receivable - Related Parties	$	-		$	-

Since no collections have been received on the above notes through the date of this report, the Company has allowed for these notes receivable in full at December 31, 2017.

NOTE 7 - Related Party Transactions

During the year ended December 31, 2017, one hundred ten (110) gaming machines were sold to a company controlled by Mr. Paul Parliament, the Company's former chief executive officer, for a total of $770,000. The sales were financed by a notes receivable in the amount of $342,000. Due to uncertainty of repayment, the notes receivable of $342,000 were allowed for as a bad debt at December 31, 2017 (See Note 6). The above mentioned sales were also paid for by reducing Mr. Parliaments' note payable from the Company in the amount of $76,000.

During the year ended December 31, 2017, seventy-five (75) gaming machines were sold to a company controlled by Mr. Doug Brooks, a former director of the Company, for a total of $525,000. The sale reduced the note payable to Mr. Brooks in the amount of $209,000. The sale was also financed by a note receivable in the amount of $76,000. Due to uncertainty of repayment, the note receivable of $76,000 was allowed for as a bad debt at December 31, 2017 (See Note 6).

Due to Related Parties consist of payments of Company expenses by the Company’s two (2) current directors, one (1) former director. Amounts due were $122,647 and $92,714 at June 30, 2021 and December 31, 2020, respectively.

During the year ended December 31, 2020, the Company entered into a three year consulting contract. The contract was paid in full with the issuance of 500,000 preferred shares. The shares were valued at $12,000,000 based on the market price of the Company's common stock of $0.24 on the measurement date, given that such preferred stock can be converted into 100 shares of common stock and has dividend and voting rights as though converted into common stock.

The Company utilizes the services of Yes International, LLC., which is controlled by Mr. Richard Kaiser who is a member of the Board of Directors. Yes International provides all services at no cost except for press release wire services. For each of the three and six months ended June 30, 2021 and 2020 the Company paid press release wire services in the amount of $-0-. The Company also currently operates out of the Yes International, LLC., offices at no cost.

NOTE 8 – Notes Payable

Notes Payable consists of the following unsecured notes:

	June 30, 2021		December 31, 2020
Al Yee – 7% Interest, Matures January 2017	$	5,000	$	5,000
Michael Walkil – Non Interest Bearing, Due on Demand		4,490		4,490
Total Notes Payable	$	9,490	$	9,490

Interest expense on Mr. Yee's loan for each of the three and six months ended June 30, 2021 and 2020 was $87 and $175, respectively.

-9-

BRAVO MULTINATIONAL INCORPORATED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

NOTE 9 – Capital Stock

Preferred Stock

On January 16, 2017, the Company amended its certificate of incorporation to authorize an increase in blank check preferred shares to 50,000,000 from 5,000,000. 10,000,000 of these blank check preferred shares have been separately allocated to Series A Preferred leaving 40,000,000 blank check preferred authorized. Preferred stock - A can be converted into 100 shares of common stock, have dividend rights at 100 times common and have voting rights equal to 100 shares of common stock. At June 30, 2021 and December 31, 2020 there were -0- shares issued and outstanding.

On February 4, 2020, the Company issued 2.5 million shares of Series A preferred stock as compensation for their two board members and payment of a consulting contract. The preferred shares were valued at $60 million based on the market price of the Company's common stock of $0.24 on the measurement date, given such preferred stock can be converted into 100 shares of common stock and has dividend and voting rights as though converted into common stock. On December 7, 2020, the two board of directors and the consultant returned these 2,500,000 shares to be retired. In exchange the Company issued 30,000,000 common shares.

Common Stock

On January 16, 2017, the Articles of Incorporation were amended to increase the authorized shares to 1,050,000,000, consisting of 1,000,000,000 shares of common stock.

During the six months ended June 30, 2020 the Company issued 132,932 shares of common stock to pay $28,580 due to a related party. The shares value was based on the market price of the Company's common stock of $0.26 on the measurement date which caused $5,982 loss on conversion.

During the six months ended June 30, 2020 the Company issued 7,963,802 shares of common stock to pay $1,608,126 of stock payable. The shares value was based on the varying market prices from $0.08 to $0.26 since the stock was issued on multiple dates. These conversions caused a net $14,778 gain on conversion.

Reverse Stock Split

On January 16, 2017, the Company approved a one-for-three hundred (1:300) reverse stock split. This reverse stock split became effective as of the close of business on January 16, 2017. The reverse stock split had no effect on the par value of its common stock and did not reduce the number of authorized shares of common stock but reduced the number of issued and outstanding shares of common stock by the ratio. Accordingly, the issued and outstanding shares, stock options disclosures, net loss per share, and other per share disclosures for all periods presented have been retrospectively adjusted to reflect the impact of this reverse stock split.

Stock Compensation Plan

On March 15, 2018, the Company resolved to adopt the Employees, Officers, Directors and Consultants Stock Plan for the Year 2018. The purpose of this Plan is to enable the Company, to promote the interests of the company and its stockholders by attracting and retaining employees, officers, directors and consultants capable of furthering the future success of the Company and by aligning their economic interests more closely with those of the company’s stockholders, by paying their retainers or fees in the form of shares of the Company’s common stock. The Plan shall expire on March 15, 2028. As of June 30, 2021, no shares had been issued from this plan.

NOTE 10 – Commitments and Contingencies

Beginning in 2018, the Company leases space at Yes International, LLC., a related party, at no cost. Rent expense for the each of the three and six months ended June 30, 2021 and 2020 was $-0-.

NOTE 11 - Subsequent Events

Coronavirus Impact (COVID-19)

Due to the recent outbreak of the coronavirus reported in many countries worldwide, local and federal governments have issued travel advisories, canceled large scale public events and closed schools. In addition, companies have begun to cancel conferences and travel plans and require employees to work from home. Global financial markets have also experienced extreme volatility and disruptions to capital and credit markets.

We are unable to predict the impact of the coronavirus on our operations at this time. Adverse events such as health-related concerns about working in our offices, the inability to travel, potential impact on our business partners and customers, and other matters affecting the general work and business environment could harm our business and delay the implementation of our business strategy. The adverse events may also adversely impact our ability to raise capital or to continue as a going concern. We continue to monitor the recent outbreak of the coronavirus on our operations.

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

The following information should be read in conjunction with our unaudited financial statements and related notes thereto included in Part I, Item 1, above. We also urge you to review and consider our disclosures describing various risks that may affect our business, which are set forth under the heading "Risk Factors," below.

Forward Looking Statements

Certain matters discussed herein are forward-looking statements. Such forward-looking statements contained in this Form 10-Q involve risks and uncertainties, including statements as to:

        ·our future strategic plans

        ·our future operating results;

        ·our business prospects;

        ·our contractual arrangements and relationships with third parties;

        ·the dependence of our future success on the general economy;

        ·our possible future financing

        ·the adequacy of our cash resources and working capital;. and

        ·the Covid-19 pandemic

From time to time, we or our representatives have made or may make forward-looking statements, orally or in writing. Such forward-looking statements may be included in, but not limited to, press releases, oral statements made with the approval of an authorized executive officer or in various filings made by us with the Securities and Exchange Commission. Words or phrases "will likely result", "are expected to", "will continue", "is anticipated", "estimate", "project or projected", or similar expressions are intended to identify "forward-looking statements". Such statements are qualified in their entirety by reference to and are accompanied by the above discussion of certain important factors that could cause actual results to differ materially from such forward-looking statements.

Covid-19

Management is currently aware of the global and domestic issues arising from the Covid-19 pandemic and the possible direct and indirect effects on the company's operations which could have a material adverse effect on the company's current financial position, future results of operations, or liquidity, because its current operations are limited. However, investors should also be aware of factors, which includes the possibility of Covid-19 effects on operational status, could have a negative impact on the company's prospects and the consistency of progress in the areas of revenue generation, liquidity, and generation of capital resources, once it begins to implement its business plan. These may include: (i) variations in revenue, (ii) possible inability to attract investors for its equity securities or otherwise raise adequate funds from any source should the company seek to do so, (iii) increased governmental regulation or significant changes in that regulation, (iv) increased competition, (v) unfavorable outcomes to litigation involving the company or to which the company may become a party in the future, and (vi) a very competitive and rapidly changing operating environment.

The risks identified here are not all inclusive. New risk factors emerge from time to time and it is not possible for management to predict all of such risk factors, nor can it assess the impact of all such risk factors on the company's business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Accordingly, forward-looking statements should not be relied upon as a prediction of actual results.

The financial information set forth in the following discussion should be read with the financial statements of Bravo Multinational, Inc. included elsewhere herein. 

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Company Overview

We were originally formed as Montrose Ventures, Inc. in the State of Delaware on May 25, 1989.  On April 23, 1996, our name was changed to Java Group, Inc., which tried and failed to start a chain of coffee bars.  On September 1, 2004, our name was changed to Consolidated General Corp., and under that name the company attempted to buy tier 2 and 3 professional sports teams, including the Vancouver Ravens lacrosse team and the San Diego Soccers soccer team.  On August 7, 2007, our name was changed to Goldcorp Holdings Co. On October 15, 2010, our name was changed to GoldLand Holdings Co.  

On March 22, 2016, the board of directors of the Registrant, pursuant to Section 242 of the Delaware General Corporation Law, determined it was in the best interest of the Registrant that the name of the Registrant should be changed to Bravo Multinational Incorporated, to reflect its new business, what is the purchase and leasing of gaming equipment. The change of name was to be effective upon compliance with all regulatory requirements mandated by FINRA. Further, as a result of the change of the Registrant's name the trading symbol for the shares of the Registrant's common stock has been changed to "BRVO," and Registrant's CUSIP identifier has been changed to 10568F109.

The Registrant filed a Form 8-K with the SEC on April 7, 2016, announcing the change of name, trading symbol, and CUSIP identifier.

On January 16, 2017, the Company amended its certificate of incorporation to effect a one-for-three hundred (1:300) reverse stock split. This reverse stock split became effective as of the close of business on January 16, 2017. The reverse stock split had no effect on the par value of its common stock and did not reduce the number of authorized shares of common stock but reduced the number of issued and outstanding shares of common stock by the ratio. Accordingly, the issued and outstanding shares, stock options disclosures, net loss per share, and other per share disclosures for all periods presented have been retrospectively adjusted to reflect the impact of this reverse stock split. On April 3, 2017, FINRA- recognized and allowed the Company's 1:300 reverse stock split.

On October 4, 2019 the Company amended its Articles of Incorporation to designate 10,000,000 shares of its preferred stock to Preferred Stock Series A. The Series A will have a par value of $0.0001 per share, will be entitles to receive one hundred (100) time the dividends per share of common stock, will have 100:1 stock voting rights, 100:1 liquidation rights and conversion ratio of 1:100 to common stock. In addition to our authorized 1,000,000,000 shares of common stock, par value $0.0001 per share, Bravo Multinational is authorized to issue 50,000,000 shares of "Blank Check" Preferred stock of which 10,000,000 have been issued leaving 40,000,000 authorized but unissued, par value $0.0001 per share. There are no "Blank Check" preferred shares outstanding and no trading market for the shares of our "Blank Check "preferred stock.

On August 3, 2020, both the Board of Directors of the Company and the consent of the majority of the shareholders agreed in changing the Company's incorporation from the State of Delaware to the State of Wyoming. On September 29 2020, the Company filed and mailed an "Information Statement" to all shareholders of the record date, September 25, 2020, notifying shareholders of this approval to change the Company's state of its incorporation domicile from the State of Delaware to the State of Wyoming through a Reincorporation Merger of Bravo Multinational, Inc. a Delaware Corporation (Bravo Delaware) into its wholly owned Wyoming subsidiary Bravo Multinational, Inc. (Bravo Wyoming).

On October 09, 2020, The Company moved it state of incorporation from the State of Delaware to the State of Wyoming. After the move to Wyoming, authorized capital of Bravo Multinational Incorporated consists of an unlimited number of shares of Common Stock, par value $0.0001 per share, an unlimited number of shares of Preferred Stock, $0.0001 par value per share and an unlimited number of shares of Series Preferred 'A' stock at a par value of $0.0001, which has the same characteristics as described above. The reincorporation did not affect total stockholder equity or total capitalization of the Company.

Current Business

We are engaged in the business of leasing and selling gaming equipment. We, however, ceased operations in Nicaragua due to political and economic instabilities. We are planning to operate our business in the US and within other more stable democracies in Latin America.

During October 2017 severe weather, hurricanes, rain and flooding occurred in Nicaragua where the company had its gaming machines operation. Lower tourism and local traffic due to these uncontrollable weather issues had an effect on the Company's machine revenues during the fourth quarter of 2017. The Company had purchased 300 gaming machines that were placed in casinos where they were producing a monthly revenue stream based on net wins of the each machine. Consequently, revenue and account receivable due on these machines cannot be collectable due to the social and economic conditions which prevailed after the storms. Currently, the country has economic and trade sanctions in place by the U.S. Government.

On or about the first week of December 2017, Centro de Entretenimiento y Diversion Mombacho S.A. and GameTouch, LLC notified management of serious issues throughout the Country of Nicaragua. Civil unrest started due to lack of simple social services, like electricity, running water and destroyed infrastructure from Hurricane Nate.  The ever growing political and civil unrest affected the country's economy, which had a direct effect on the gaming industry in Nicaragua. The dangerous situation throughout Nicaragua eliminated BRVO from operating its gaming interests, effectively. On December 30, 2017, management canceled the business contracts with both Centro de Entretenimiento y Diversion Mombacho S.A. and GameTouch, LLC. Subsequently, The US Government placed trade and financial sanctions on the Government of Nicaragua, which greatly affected BRVO's business practices in the country. As of January 2018, the Company ceased operations in Nicaragua.

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Management continues to look at other opportunities outside of the casino gaming industries as those opportunities present themselves. Management is in the process of conducting due diligence and negotiations in connection with other opportunities outside of the casino gaming industry. If a viable opportunity becomes available, management will determine if such an opportunity is accretive to the Company which could create shareholder value.

Former Business

We currently own 76.63 acres within seven patented claims with a 29.167% ownership interest. We allowed all of our BLM (Bureau of Land Management) unpatented and placer claims to expire. We may look to expand on our mining claim holdings in the future. Currently, the carrying value on such patented claims were fully impaired due to lack of economic viability of such properties.

For a complete discussion of the mining activities on our mining claims conducted by other parties, please see our previous Form 10-Ks, 10-Qs, and 8-Ks filed with the SEC. However it should be noted that we were not at any time a mining operator.  As described above, the Company owns mining claims, but none of those claims are leased to a third party. Since the mining operations no longer have any relevance to our business, we will only include financial information relating to revenues, expenses, and results of operations and other relevant information our mining properties if a business operation occurs on such claims.

Transfer Agent

Our transfer agent is Transfer Online, Inc. whose address is 512 SE Salmon Street, Portland, Oregon 97214, and telephone number (503) 227-2950.

Company Contact Information

Our principal executive offices are located at 2020 General Booth Blvd., Unit 230, Virginia Beach, VA 23454, telephone (757) 306-6090. The information to be contained in our Internet website, www.bravomultinational.com, shall not constitute part of this report.

Current Directors

The following persons were elected to the board of directors to serve until the next annual meeting or until their replacement is elected:

Merle Ferguson	Director
Richard Kaiser	Director

On June 01, 2021, Mr. Steve Gagnon, Mr. Sasha Shapiro and Mr. John LaViolette, all resigned as directors of the Company. Their departures were not due to any disputes or disagreements with the Company.

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Management's Discussion and Analysis of Financial Condition and Results of Operations

Overall Operating Results:

Three Months – June 30,, 2021 and 2020 Statements

Revenues for Company for the three months ended June 30, 2021 and 2020 were $-0- and $-0-. Gaming machine sales of $-0-. Management ceased operations in Nicaragua due to political and economic instabilities.

Cost of sales for the three months ended June 30, 2021 was $-0- and for the three months ended June 30, 2020 was $-0-. The Company had no sales during each of the three months ended June 30, 2020 and 2021.

Gross profit for the three months ended June 30, 2021 was $-0- and for the three months ended June 30, 2021 was $-0-.

Total Operating expenses for three months ended June 30, 2021 was $127,555 compared to $130,532 for the three months ended June 30, 2020. The decrease during the three months ending June 30, 2021 was attributed to a decrease in Professional fees compared to the three months ending June 30, 2020.

Six Months – June 30, 2021 and 2020 Statements

Revenues for Company for the six months ended June 30, 2021 and 2020 were $-0- and $-0-. Gaming machine sales of $-0-. Management ceased operations in Nicaragua due to political and economic instabilities.

Cost of sales for the six months ended June 30, 2021 was $-0- and for the six months ended June 30, 2020 was $-0-. The Company had no sales during each of the six months ended June 30, 2020 and 2021.

Gross profit for the six months ended June 30, 2021 was $-0- and for the six months ended June 30, 2021 was $-0-.

Total Operating expenses for six months ended June 30, 2021 was $273,148 compared to $60,239,936 for the six months ended June 30, 2020. The decrease during the six months ending June 30, 2021 was attributed to a decrease in Board of Director fees, Professional fees and Consulting fees compared to the six months ending June 30, 2020 when preferred shares were issued and recognized for the implementation of accounting rules for the handling of equity based compensation.

Net Loss:

Net loss for the three months ended June 30, 2021 and 2020 were $127,642 and $130,619, respectively. The decrease during the three months ending June 30, 2021 was attributed in reductions in Professional fees compared to the three months ending June 30, 2020 loss of $130,619.

Net loss for the six months ended June 30, 2021 and 2020 were $273,323 and $60,231,316, respectively. The decrease during the six months ending June 30, 2021 was greatly attributed in reductions in Professional Fees, Consulting Fees, and Board of Director fees compared to the six months ending June 30, 2020 loss of $60,231,316 which was mostly contributed to the implementation of accounting rules for the handling of equity based compensation on such fees.

Liquidity and Capital Resources:

As of June 30, 2021, the Company's assets totaled $253, which consisted of cash of $153 and prepaid expenses of $100. Our total liabilities were $1,092,956. As of June 30, 2021, the Company had an accumulated deficit of $90,265,859 and a working capital deficit of $1,092,703.

As indicated herein, we need capital for the implementation of our business plan, and we will need additional capital for continuing our operations. We do not have sufficient revenues to pay our operating expenses at this time. Unless the company is able to raise working capital, it is likely that the Company will either have to cease operations or substantially change its methods of operations or change its business plan. For the next 12 months the Company has an oral commitment from its CEO and CFO to advance funds as necessary in meeting our operating requirements.

New Accounting Pronouncements

Bravo Multinational, Inc. does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company's operating results, financial position, or cash flow.

Cash Provided by (Used in) Operating Activities

Net cash used in operating activities for the six months ended June 30, 2021 was $36,053 and for the six months ended June 30, 2020 was $32,325, respectively. The increase in the amount of cash used during the six months ended June 30, 2021 was due to the increases in accrued Board of Director fees when compared to the six months ended June 30, 2020.

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Cash Flows from Investing Activities

Net cash used in investing activities was $-0- and -0- for the six months ended June 30, 2021 and 2020.

Cash Provided by (Used In) Financing Activities

Net cash provided by financing activities for the six months ended June 30, 2021 was $29,993 and for the six months ended June 30, 2020 was $32,325. The decrease amount was attributed to smaller cash infusions by the Company's directors and related parties that were used in operational and professional fee expenses.

Critical Accounting Policies

Our consolidated financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles in the United States. Preparing financial statements requires management to make estimates and assumptions that impact the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management's application of accounting policies. Critical accounting policies include revenue recognition and impairment of long-lived assets.

Revenue Recognition

In accordance with ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"), revenues are recognized when control of the promised goods or services is transferred to our clients, in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle, we apply the following five steps: (1) Identify the contract with a client; (2) Identify the performance obligations in the contract; (3) Determine the transaction price; (4) Allocate the transaction price to performance obligations in the contract; and (5) Recognize revenues when or as the company satisfies a performance obligation.

We adopted this ASU on January 1, 2018. Although the new revenue standard is expected to have an immaterial impact, if any, on our ongoing net income, we did implement changes to our processes related to revenue recognition and the control activities within them.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements.

Going Concern

We have incurred net losses since our inception. We anticipate incurring additional losses before realizing growth in revenue and we will depend on additional financing in order to meet our continuing obligations and ultimately to attain profitability. Our ability to obtain additional financing, whether through the issuance of additional equity or through the assumption of debt, is uncertain. These conditions raise substantial doubt as to the Company's ability to continue as a going concern. The financial statements do not include any adjustments that might result from the uncertainty about our ability to continue our business.

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our Principal Executive Officer and Principal Financial Officer, evaluated the effectiveness of our disclosure controls and procedures (as defined in the Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered by this Quarterly Report on Form 10-Q. In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs. 

Based on our evaluation, our Principal Executive Officer and Principal Financial Officer, after considering the existence of material weaknesses identified, determined that our internal control over financial reporting disclosure controls and procedures were not effective as of June 30, 2021.

Management's Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934, as amended. Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles.

Our internal control over financial reporting includes those policies and procedures that: (i) pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets, (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with the authorization of our management and directors, and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on our financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Management, including our Principal Executive Officer and Principal Financial Officer, assessed the effectiveness of our internal control over financial reporting as of quarter ended June 30, 2021. In making this assessment, management used May 2013 updated criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control over Financial Reporting - Guidance for Smaller Public Companies.

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We identified the following deficiencies which together constitute a material weakness in our assessment of the effectiveness of internal control over financial reporting as of June 30, 2021: 

- The Company has inadequate segregation of duties within its cash disbursement control design. 

- During the Quarter ended June 30, 2021 the Company internally performed all aspects of its financial reporting process, including, but not limited to the underlying accounting records and the recording of journal entries and for the preparation of financial statements. This process was deficient, because these duties were performed often times by the same people, and therefore a lack of review was created over the financial reporting process that might result in a failure to detect errors in spreadsheets, calculations, or assumptions used to compile the financial statements and related disclosures as filed with the SEC. These control deficiencies could result in a material misstatement to our interim or annual financial statements that would not be prevented or detected.

It should be noted that any system of controls, however well designed and operated, can provide only reasonable, and not absolute, assurance that the objectives of the system are met. In addition, the design of any control system is based in part upon certain assumptions about the likelihood of future events. Because of these and other inherent limitations of control system, there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

Changes in Internal Control Over Financial Reporting

There have been no changes in the Company's internal control over financial reporting that occurred during the quarter ended June 30, 2021 to have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

Coronavirus Impact (COVID-19)

Due to the recent outbreak of the coronavirus reported in many countries worldwide, local and federal governments have issued travel advisories, canceled large scale public events and closed schools. In addition, companies have begun to cancel conferences and travel plans and require employees to work from home. Global financial markets have also experienced extreme volatility and disruptions to capital and credit markets.

We are unable to predict the impact of the coronavirus on our operations at this time. Adverse events such as health-related concerns about working in our offices, the inability to travel, potential impact on our business partners and customers, and other matters affecting the general work and business environment could harm our business and delay the implementation of our business strategy. The adverse events may also adversely impact our ability to raise capital or to continue as a going concern. We continue to monitor the recent outbreak of the coronavirus on our operations. The global economic slowdown and the other risks and uncertainties associated with the pandemic could have a material adverse effect on our business, financial condition, results of operations and growth prospects. In addition, to the extent the ongoing COVID-19 pandemic adversely affects the Company's business and results of operations, it may also have the effect of heightening many of the other risks and uncertainties which the Company faces.

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PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

There have been no material developments during the quarter ended June 30, 2021 in any material legal proceedings to which we are a party or of which any of our property is subject.

ITEM 1A. RISK FACTORS

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and, as such, are not required to provide the information under this Item.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINING SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION.

None

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ITEM 6. EXHIBITS

Exhibit No.	Identification of Exhibit
3.1*	Articles of Incorporation Bravo Multinational Inc.( Wyoming) Original and Amended; Filed in Form DEFR 14C - September 29, 2020
3.2*	Bylaws of Bravo Multinational Inc. (Wyoming);Filed in Form DEFR 14C - September 29, 2020
4.1*	Agreement and Plan of Merger from Bravo Multinational, Inc. (Delaware) to Bravo Multinational, Inc.(Wyoming); Filed in Form DEFR 14C - September 29, 2020
4.2*	Articles of Merger from Bravo Multinational, Inc. (Delaware) to Bravo Multinational, Inc.(Wyoming); Dated October 02, 2020 - Filed on Form 10-K on March 02, 2021
4.3*	Certificate of Merger from Bravo Multinational, Inc. (Delaware) to Bravo Multinational, Inc.(Wyoming); Dated October 02, 2020 - Filed Form 10-K on March 02, 2021
31.1+	Certification of Merle Ferguson Chief Executive Officer of Bravo Multinational Incorporated, pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002.
31.2+	Certification of Richard Kaiser, Chief Financial Officer and Principal Accounting Officer of Bravo Multinational Incorporated, pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002.
32.1+	Certification of  Merle Ferguson Chief Executive Officer of Bravo Multinational Incorporated, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002.
32.2+	Certification of Richard Kaiser, Chief Financial Officer and Principal Accounting Officer of Bravo Multinational Incorporated, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002.
101+	XBRL Interactive Exhibits.

* Previously filed.

+filed herewith

SIGNATURES

In accordance with the requirements of the Exchange Act, the Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

BRAVO MULTINATIONAL INCORPORATED

Dated: August 2, 2021	By:  /s/ Merle Ferguson Merle Ferguson Chief Executive Officer
	By: /s/Richard Kaiser Richard Kaiser Chief Financial Officer

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EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, Merle Ferguson, certify that:

1.		I have reviewed this quarterly report of Bravo Multinational Incorporated. on Form 10-Q;
2.		Based on my knowledge, this 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 report;
3.		Based on my knowledge, the financial statements, and other financial information included in this 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 report;
4.		The registrant’s other certifying officer 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 15d-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 consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this 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; and
	d)		Disclosed in this report any change 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.
5.		The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the 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 or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

	By:	/s/ Merle Ferguson
August 02, 2021		Merle Ferguson Chief Executive Officer (Principal Executive Officer)

EX-31.2

EXHIBIT 31.2

CERTIFICATION

I, Richar Kaiser, certify that:

1.		I have reviewed this quarterly report of Bravo Multinational Incorporated. on Form 10-Q;
2.		Based on my knowledge, this 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 report;
3.		Based on my knowledge, the financial statements, and other financial information included in this 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 report;
4.		The registrant’s other certifying officer 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 15d-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 consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this 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; and
	d)		Disclosed in this report any change 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.
5.		The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the 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 or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

	By:	/s/ Ruichard Kaiser
August 02, 2021		Richard Kaiser Chief Financial Officer (Principal Accounting and Principal Financial Officer)

EX-32.1

EXHIBIT 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

I, Merle Ferguson certify, to my best knowledge and belief, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of Bravo Multinational Incorporated, on Form 10-Q for the quarter ended June 30, 2021 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Quarterly Report on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of Bravo Multinational Incorporated.

	By:	/s/ Merle Ferguson
August 02, 2021		Merle Ferguson Chief Executive Officer (Principal Executive Officer)

EX-32.2

EXHIBIT 32.2

CERTIFICATION 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

I, Richard Kaiser, certify, to my best knowledge and belief, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of Bravo Multinational Incorporated on Form 10-Q for the quarter ended June 30, 2021, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Quarterly Report on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of Bravo Multinational Incorporated.

	By:	/s/ Richard Kaiser
August 02, 2021		Richard Kaiser Chief Financial Officer (Principal Accounting and Principal Financial Officer)

XML

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Jul. 30, 2021
Document And Entity Information
Entity Central Index Key	0001444839
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Entity File Number	000-53505
Entity Registrant Name	BRAVO MULTINATIONAL INCORPORATED
Entity Incorporation State or Country Code	WY
Entity Tax Identification Number	85-4068651
Entity Address, Address Line One	2020 General Booth Blvd., Unit 230
Entity Address, City or Town	Virginia Beach
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23454
City Area Code	757
Local Phone Number	306-6090
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common stock Par Value $0.0001
Trading Symbol	BRVO
Name of Exchange on which Security is Registered	NONE
Entity Common Stock, Shares Outstanding		47,641,010

XML

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current Assets
Cash and Cash Equivalents	$ 153	$ 6,273
Accounts Receivable (Net of Allowance of $42,312 and $42,312, respectively)
Note Receivable (Net of Allowance of $2,725 and $2,725, respectively)
Notes Receivable - Related Party (Net of Allowance of $418,000 and $418,000, respectively)
Prepaid Expenses	100
Total Current Assets	253	6,273
Total Assets	253	6,273
Liabilities
Accounts Payable and Accrued Expenses	100,102	100,232
Customer Deposits	35,800	35,800
Due to Related Parties	122,647	92,714
Notes payable	9,490	9,490
Accrued Board of Directors Fees	824,917	587,417
Total Liabilities	1,092,956	825,653
Commitments and Contingencies (Note 10)
Stockholders' Deficit
Common Stock - $0.0001 Par; 1,000,000,000 Shares Authorized, 47,641,010 Issued and Outstanding, Respectively	4,763	4,763
Additional Paid-In-Capital	89,168,393	89,168,393
Accumulated Deficit	(90,265,859)	(89,992,536)
Total Stockholders' Deficit	(1,092,703)	(819,380)
Total Liabilities and Stockholders' Deficit	$ 253	$ 6,273

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CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED (Parenthetical) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Allowance for Doubtful Accounts	$ 42,312	$ 42,312
Allowance for Notes Receivable Current	2,725	2,725
Allowance for Notes Receivable - Related Party	$ 418,000	$ 418,000
Common stock, par value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	47,641,010	47,641,010
Common stock, shares outstanding	47,641,010	47,641,010

XML

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Expenses
General and Administrative	$ 2,201	$ 2,136	$ 4,811	$ 5,914
Consulting - Related Party				12,000,000
Professional Fees	6,604	9,646	30,837	36,105
Board of Directors Fees	118,750	118,750	237,500	48,197,917
Total Expenses	127,555	130,532	273,148	60,239,936
Loss from Operations	127,555	130,532	273,148	60,239,936
Other (Income) and Expense
Interest Expense	87	87	175	175
Gain on Stock Payable Conversion				(8,795)
Total Other (Income) and Expense	87	87	175	(8,620)
Loss Before Income Taxes	127,642	130,619	273,323	60,231,316
Income Taxes
Net Loss for the Period	$ 127,642	$ 130,619	$ 273,323	$ 60,231,316
Weighted Average Number of Common Shares - Basic and Diluted	47,641,010	17,025,791	47,641,010	14,773,105
Net Loss for the Period Per Common Shares - Basic and Diluted	$ (0.00)	$ (0.01)	$ (0.01)	$ (4.08)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash Flows from Operating Activities
Net Loss for the Period	$ (273,323)	$ (60,231,316)
Non-Cash Adjustments:
Preferred Stock Issued for Board of Directors Fees		48,000,000
Preferred Stock Issued for Consulting Fees		12,000,000
Gain on Stock Payable Conversion		(8,795)
Changes in Assets and Liabilities:
Prepaid Expenses	(100)	10,000
Accounts Payable and Accrued Expenses	(130)	(131)
Accrued Board of Directors Fees	237,500	197,917
Net Cash Flows Used In Operating Activities	(36,053)	(32,325)
Cash Flows from Investing Activities
Cash Flows from Financing Activities
Due to Related Parties, Net	29,933	32,325
Net Cash Flows Provided by Financing Activities	29,933	32,325
Net Change in Cash and Cash Equivalents	(6,120)
Cash and Cash Equivalents - Beginning of Period	6,273	6,286
Cash and Cash Equivalents - End of Period	153	6,286
Cash Paid During the Period for:
Interest
Income Taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common Stock Issued from Stock Payable		1,593,348
Common Stock Exchanged for Due to Related Party		34,562
Preferred Stock Issued for Services		$ 60,000,000

XML

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT - UNAUDITED - USD ($)	Common Stock [Member]	Preferred Stock - Preferred A [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2019	$ 893		$ 27,430,354	$ (29,518,707)	$ (2,087,460)
Balance, shares at Dec. 31, 2019	8,929,057
Preferred Shares Issued for Services		$ 250	59,999,750		60,000,000
Preferred Shares Issued for Services, shares		2,500,000
Common Stock Issued to Pay Due to Related Party	$ 13		34,549		34,562
Common Stock Issued to Pay Due to Related Party, shares	132,932
Common Stock Issued to Pay Stock Payable	$ 796		1,592,552		1,593,348
Common Stock Issued to Pay Stock Payable, shares	7,963,802
Net Loss for the Period				(60,231,316)	(60,231,316)
Balance at Jun. 30, 2020	$ 1,702	$ 250	89,057,205	(89,750,023)	(690,866)
Balance, shares at Jun. 30, 2020	17,025,791	2,500,000
Balance at Mar. 31, 2020	$ 1,702	$ 250	89,057,205	(89,619,404)	(560,247)
Balance, shares at Mar. 31, 2020	17,025,791	2,500,000
Net Loss for the Period				(130,619)	(130,619)
Balance at Jun. 30, 2020	$ 1,702	$ 250	89,057,205	(89,750,023)	(690,866)
Balance, shares at Jun. 30, 2020	17,025,791	2,500,000
Balance at Dec. 31, 2020	$ 4,763		89,168,393	(89,992,536)	(819,380)
Balance, shares at Dec. 31, 2020	47,641,010
Net Loss for the Period				(273,323)	(273,323)
Balance at Jun. 30, 2021	$ 4,763		89,168,393	(90,265,859)	(1,092,703)
Balance, shares at Jun. 30, 2021	47,641,010
Balance at Mar. 31, 2021	$ 4,763		89,168,393	(90,138,217)	(965,061)
Balance, shares at Mar. 31, 2021	47,641,010
Net Loss for the Period				(127,642)	(127,642)
Balance at Jun. 30, 2021	$ 4,763		$ 89,168,393	$ (90,265,859)	$ (1,092,703)
Balance, shares at Jun. 30, 2021	47,641,010

XML

Organization & Description of Business

6 Months Ended

Jun. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization & Description of Business

NOTE 1 - Organization & Description of Business

Bravo Multinational Corporation (the "Company," "we" or "us") was originally formed as Montrose Ventures, Inc. in the State of Delaware on May 25, 1989. On April 23, 1996, the Company's name was changed to Java Group, Inc., and on September 1, 2004 the name was changed to Consolidated General Corp. On August 7, 2007, the Company's name was changed to GoldCorp Holdings Co. On October 15, 2010, our name was changed to GoldLand Holdings Co. On April 6, 2016, we changed our corporate name to Bravo Multinational Incorporated. On March 22, 2016, the board of directors of the company, pursuant to Section 242 of the Delaware General Corporation Law, determined it was in the best interests of the company that the name of the company should be changed to Bravo Multinational Incorporated, with such change of name to be effective upon compliance with all regulatory requirements mandated by FINRA. Further, as a result of the change of the company's name and upon satisfaction of all regulatory requirements, the trading symbol for the shares of the company's common stock should be changed to "BRVO," and the company's CUSIP identifier be changed to a newly issued number. FINRA granted its approval of the change of the company's name on April 6, 2016. As a result of the change of name of the company, the company's trading symbol was changed to "BRVO" and the CUSIP identifier was changed to 10568F109. On August 3, 2020, the Board of Directors agreed in changing the Company's incorporation from Delaware to Wyoming. On September 25, 2020, the Company merged into its wholly owned subsidiary Bravo Multinational (Wyoming) to achieve the change in state incorporation.

The Company filed a Form 8-K with the SEC on April 7, 2016, announcing the change of name, trading symbol, and CUSIP identifier.

The Company owned patented and unpatented mining claims on War Eagle Mountain in the state of Idaho. The Company entered into a lease agreement with Silver Falcon Mining, Inc. (SFMI) under which SFMI is entitled to mine the land and the Company is entitled to a 15% net royalty on all minerals extracted by SFMI from tailing piles on the premises or through shafts or adits located on the premises. The lease agreement was deferred for a two year period, 2014 and 2015, so that SFMI could restructure its finances. The Company determined that SFMI is unable to pay the lease and that any debt owing by SFMI to the Company is not recoverable. The Company currently owns 76.63 acres within seven patented claims with a 29.167% ownership interest on War Eagle Mountain in the state of Idaho. The Company allowed all of its BLM (Bureau of Land Management) unpatented and placer claims to expire. The carrying value on such claims both patented and unpatented was fully impaired due to lack of economic viabilities of such properties.

The Company is currently engaged in the business of buying and reselling gaming equipment. The Company also buys machines for its own use that are placed in casinos or gaming areas to obtain monthly revenue streams from the machines' net win revenue.

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Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 2 - Summary of Significant Accounting Policies

Basis of Presentation

The accompanying condensed consolidated balance sheet at December 31, 2020, has been derived from audited financial statements and the accompanying unaudited condensed consolidated interim financial statements as of June 30, 2021 and 2020, have been prepared in accordance with generally accepted accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited financial statements and related footnotes included in our Annual report on Form 10-K for the year ended December 31, 2020 (the "2020 Annual Report"), filed with the Securities and Exchange Commission (the "SEC"). It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for a fair financial statement presentation. Operating results for the three and six months ended June 30, 2021, are not necessarily indicative of the results of operations expected for the year ending December 31, 2021.

Principles of Consolidation

The condensed consolidated financial statements include the accounts of Bravo Multinational Incorporated, and its wholly owned subsidiary, Universal Entertainment SAS, Ltd., (the "Company"). All significant inter-company balances have been eliminated in consolidation. During the year ended December 31, 2017, management recognized that Universal is an inactive Florida corporation which no longer operates.

Method of Accounting

The Company's condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP").

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and cash equivalents may include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States, which periodically may exceed federally insured amounts.

Accounts Receivable

Accounts receivable are customer obligations due under normal trade terms which are recorded at net realizable value. The Company establishes an allowance for doubtful accounts based on management's assessment of collectability of trade receivables. A considerable amount of judgment is required in assessing the amount of the allowance. The Company makes judgments about creditworthiness of each customer based on ongoing credit evaluations and monitors current economic trends that might impact the level of credit losses in the future. If the financial condition of the customers were to deteriorate, resulting in their inability to make payments, a specific allowance will be required.

Earnings (Loss) per Share

Earnings (loss) per share of common stock are computed in accordance with FASB ASC 260 "Earnings per Share". Basic earnings (loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive. Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding and diluted earnings (loss) per share.

-7-

BRAVO MULTINATIONAL INCORPORATED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED

NOTE 2 - Summary of Significant Accounting Policies - continued

Stock Based Compensation

The Company has issued and may issue stock in lieu of cash for certain transactions. The fair value of the stock, which is based on comparable cash purchases, third party fair values of shares or the value of services, whichever is more readily determinable, is used to value the transaction.

Fair Value Measurements

The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable, accrued liabilities, and notes payable approximate fair value.

We adopted ASC Topic 820 for financial instruments measured at fair value on a recurring basis. ASC Topic 820 defines fair value, establishes a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements.

Fair value is defined as the price 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 Topic 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

•

Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;

•

Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and

•

Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts receivable, inventory, notes payable, accounts payable, accrued liabilities approximate fair value given their short-term nature or effective interest rates. We measure certain financial instruments at fair value on a recurring basis.

Revenue Recognition

Beginning January 1, 2018, the Company implemented ASC 606, Revenue from Contracts with Customers. Although the new revenue standard is expected to have an immaterial impact, if any, on our ongoing net income, we did implement changes to our processes related to revenue recognition and the control activities within them. These included the development of new policies based on the five-step model provided in the new revenue standard, ongoing contract review requirements, and gathering of information provided for disclosures.

The Company recognizes revenue and cost of goods sold from product sales or services rendered when control of the promised goods are transferred to our clients in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle, we apply the following five steps: identify the contract with the client, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to performance obligations in the contract and recognize revenues when or as the Company satisfies a performance obligation.

The guidance requires increased disclosures, including qualitative and quantitative disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers.

The Company operates as one reportable segment.

There was no revenue during the three or six months ended June 30, 2021 and 2020 because conditions in Nicaragua have not changed.

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Recently Issued Accounting Pronouncements

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Recently Issued Accounting Pronouncements

NOTE 3 - Recently Issued Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

In February 2016, the FASB issued ASU 2016-02, Leases. The standard requires lessees to recognize lease assets and lease liabilities on the consolidated balance sheet and requires expanded disclosures about leasing arrangements. We adopted the standard on fiscal year January 1, 2019. Based on our assessment of the new standard on our condensed consolidated financial statements, which will consist primarily of a balance sheet gross up of our operating leases to show equal and offsetting lease assets and lease liabilities, we have concluded that the impact is insignificant to our condensed consolidated financial statements based on the short-term nature of our leases and our election of such practical expedient.

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Going Concern

6 Months Ended

Jun. 30, 2021

GOING CONCERN [Abstract]

Going Concern

NOTE 4 - Going Concern

The Company's condensed consolidated financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has reported recurring losses from operations. As a result, there is an accumulated deficit at June 30, 2021.

While the Company is attempting to continue operations and generate revenues, the Company's cash position may not be significant enough to support the Company's daily operations. Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement the Company's business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company's ability to further implement its business plan and generate revenues.

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Accounts Receivable

6 Months Ended

Jun. 30, 2021

Receivables [Abstract]

Accounts Receivable

NOTE 5 – Accounts Receivable

Accounts receivable consisted of the following at June 30, 2021 and December 31, 2020:

	June 30, 2021			December 31, 2020
Accounts Receivable	$	42,312		$	42,312
Less: Allowance for Doubtful Accounts		(42,312	)		(42,312	)
Net Accounts Receivable	$	-		$	-

Due to civil unrest and the devastation of Hurricane Nate in Nicaragua in October 2017, the Company wrote off the machine income that was in accounts receivable on December 31, 2017 in the amount of $42,312.

The Allowance for Doubtful Accounts in the amount of $42,312 was collected but it remains in Nicaragua because of the political instability, social unrest, and US Government's trade and economic sanctions; no transfer of funds to the US can be done at this time. Since these issues have yet to be resolved both domestically and internationally with Nicaragua, the $42,312 amount has not been paid in the US and has been written-off. Since the revenue was earned and collected in Nicaragua, the revenue remains recognized as an account receivable.

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Notes Receivable - Related Parties

6 Months Ended

Jun. 30, 2021

Officers, Directors, and Consultants [Member]

Notes Receivable - Related Parties

NOTE 6 - Notes Receivable - Related Parties

Notes receivable related parties consisted of the following at June 30, 2021 and December 31, 2020:

	June 30, 2021			December 31, 2020
Investcom - See Note 8 Related Party	$	342,000		$	342,000
Rentcom - See Note 8 Related Party		76,000			76,000
Total Notes Receivable		418,000			418,000
Less: Allowance for Doubtful Accounts		(418,000	)		(418,000	)
Net Notes Receivable - Related Parties	$	-		$	-

Since no collections have been received on the above notes through the date of this report, the Company has allowed for these notes receivable in full at December 31, 2017.

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Related Party Transactions

6 Months Ended

Jun. 30, 2021

Related Party Transactions [Abstract]

Related Party Transactions

NOTE 7 - Related Party Transactions

During the year ended December 31, 2017, one hundred ten (110) gaming machines were sold to a company controlled by Mr. Paul Parliament, the Company's former chief executive officer, for a total of $770,000. The sales were financed by a notes receivable in the amount of $342,000. Due to uncertainty of repayment, the notes receivable of $342,000 were allowed for as a bad debt at December 31, 2017 (See Note 6). The above mentioned sales were also paid for by reducing Mr. Parliaments' note payable from the Company in the amount of $76,000.

During the year ended December 31, 2017, seventy-five (75) gaming machines were sold to a company controlled by Mr. Doug Brooks, a former director of the Company, for a total of $525,000. The sale reduced the note payable to Mr. Brooks in the amount of $209,000. The sale was also financed by a note receivable in the amount of $76,000. Due to uncertainty of repayment, the note receivable of $76,000 was allowed for as a bad debt at December 31, 2017 (See Note 6).

Due to Related Parties consist of payments of Company expenses by the Company’s two (2) current directors, one (1) former director. Amounts due were $122,647 and $92,714 at June 30, 2021 and December 31, 2020, respectively.

During the year ended December 31, 2020, the Company entered into a three year consulting contract. The contract was paid in full with the issuance of 500,000 preferred shares. The shares were valued at $12,000,000 based on the market price of the Company's common stock of $0.24 on the measurement date, given that such preferred stock can be converted into 100 shares of common stock and has dividend and voting rights as though converted into common stock.

The Company utilizes the services of Yes International, LLC., which is controlled by Mr. Richard Kaiser who is a member of the Board of Directors. Yes International provides all services at no cost except for press release wire services. For each of the three and six months ended June 30, 2021 and 2020 the Company paid press release wire services in the amount of $-0-. The Company also currently operates out of the Yes International, LLC., offices at no cost.

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Notes Payable

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Notes Payable

NOTE 8 – Notes Payable

Notes Payable consists of the following unsecured notes:

	June 30, 2021		December 31, 2020
Al Yee – 7% Interest, Matures January 2017	$	5,000	$	5,000
Michael Walkil – Non Interest Bearing, Due on Demand		4,490		4,490
Total Notes Payable	$	9,490	$	9,490

Interest expense on Mr. Yee's loan for each of the three and six months ended June 30, 2021 and 2020 was $87 and $175, respectively.

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Capital Stock

6 Months Ended

Jun. 30, 2021

Stockholders' Equity Note [Abstract]

Capital Stock

NOTE 9 – Capital Stock

Preferred Stock

On January 16, 2017, the Company amended its certificate of incorporation to authorize an increase in blank check preferred shares to 50,000,000 from 5,000,000. 10,000,000 of these blank check preferred shares have been separately allocated to Series A Preferred leaving 40,000,000 blank check preferred authorized. Preferred stock - A can be converted into 100 shares of common stock, have dividend rights at 100 times common and have voting rights equal to 100 shares of common stock. At June 30, 2021 and December 31, 2020 there were -0- shares issued and outstanding.

On February 4, 2020, the Company issued 2.5 million shares of Series A preferred stock as compensation for their two board members and payment of a consulting contract. The preferred shares were valued at $60 million based on the market price of the Company's common stock of $0.24 on the measurement date, given such preferred stock can be converted into 100 shares of common stock and has dividend and voting rights as though converted into common stock. On December 7, 2020, the two board of directors and the consultant returned these 2,500,000 shares to be retired. In exchange the Company issued 30,000,000 common shares.

Common Stock

On January 16, 2017, the Articles of Incorporation were amended to increase the authorized shares to 1,050,000,000, consisting of 1,000,000,000 shares of common stock.

During the six months ended June 30, 2020 the Company issued 132,932 shares of common stock to pay $28,580 due to a related party. The shares value was based on the market price of the Company's common stock of $0.26 on the measurement date which caused $5,982 loss on conversion.

During the six months ended June 30, 2020 the Company issued 7,963,802 shares of common stock to pay $1,608,126 of stock payable. The shares value was based on the varying market prices from $0.08 to $0.26 since the stock was issued on multiple dates. These conversions caused a net $14,778 gain on conversion.

Reverse Stock Split

On January 16, 2017, the Company approved a one-for-three hundred (1:300) reverse stock split. This reverse stock split became effective as of the close of business on January 16, 2017. The reverse stock split had no effect on the par value of its common stock and did not reduce the number of authorized shares of common stock but reduced the number of issued and outstanding shares of common stock by the ratio. Accordingly, the issued and outstanding shares, stock options disclosures, net loss per share, and other per share disclosures for all periods presented have been retrospectively adjusted to reflect the impact of this reverse stock split.

Stock Compensation Plan

On March 15, 2018, the Company resolved to adopt the Employees, Officers, Directors and Consultants Stock Plan for the Year 2018. The purpose of this Plan is to enable the Company, to promote the interests of the company and its stockholders by attracting and retaining employees, officers, directors and consultants capable of furthering the future success of the Company and by aligning their economic interests more closely with those of the company’s stockholders, by paying their retainers or fees in the form of shares of the Company’s common stock. The Plan shall expire on March 15, 2028. As of June 30, 2021, no shares had been issued from this plan.

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 10 – Commitments and Contingencies

Beginning in 2018, the Company leases space at Yes International, LLC., a related party, at no cost. Rent expense for the each of the three and six months ended June 30, 2021 and 2020 was $-0-.

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Subsequent Events

6 Months Ended

Jun. 30, 2021

Subsequent Events [Abstract]

Subsequent Events

NOTE 11 - Subsequent Events

Coronavirus Impact (COVID-19)

Due to the recent outbreak of the coronavirus reported in many countries worldwide, local and federal governments have issued travel advisories, canceled large scale public events and closed schools. In addition, companies have begun to cancel conferences and travel plans and require employees to work from home. Global financial markets have also experienced extreme volatility and disruptions to capital and credit markets.

We are unable to predict the impact of the coronavirus on our operations at this time. Adverse events such as health-related concerns about working in our offices, the inability to travel, potential impact on our business partners and customers, and other matters affecting the general work and business environment could harm our business and delay the implementation of our business strategy. The adverse events may also adversely impact our ability to raise capital or to continue as a going concern. We continue to monitor the recent outbreak of the coronavirus on our operations.

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Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2021

Summary Of Significant Accounting Policies

Basis of Presentation

Basis of Presentation

The accompanying condensed consolidated balance sheet at December 31, 2020, has been derived from audited financial statements and the accompanying unaudited condensed consolidated interim financial statements as of June 30, 2021 and 2020, have been prepared in accordance with generally accepted accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited financial statements and related footnotes included in our Annual report on Form 10-K for the year ended December 31, 2020 (the "2020 Annual Report"), filed with the Securities and Exchange Commission (the "SEC"). It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for a fair financial statement presentation. Operating results for the three and six months ended June 30, 2021, are not necessarily indicative of the results of operations expected for the year ending December 31, 2021.

Principles of Consolidation

Principles of Consolidation

The condensed consolidated financial statements include the accounts of Bravo Multinational Incorporated, and its wholly owned subsidiary, Universal Entertainment SAS, Ltd., (the "Company"). All significant inter-company balances have been eliminated in consolidation. During the year ended December 31, 2017, management recognized that Universal is an inactive Florida corporation which no longer operates.

Method of Accounting

Method of Accounting

The Company's condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP").

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents may include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States, which periodically may exceed federally insured amounts.

Accounts Receivable

Accounts Receivable

Accounts receivable are customer obligations due under normal trade terms which are recorded at net realizable value. The Company establishes an allowance for doubtful accounts based on management's assessment of collectability of trade receivables. A considerable amount of judgment is required in assessing the amount of the allowance. The Company makes judgments about creditworthiness of each customer based on ongoing credit evaluations and monitors current economic trends that might impact the level of credit losses in the future. If the financial condition of the customers were to deteriorate, resulting in their inability to make payments, a specific allowance will be required.

Earnings (Loss) per Share

Earnings (Loss) per Share

Earnings (loss) per share of common stock are computed in accordance with FASB ASC 260 "Earnings per Share". Basic earnings (loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive. Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding and diluted earnings (loss) per share.

Stock Based Compensation

Stock Based Compensation

The Company has issued and may issue stock in lieu of cash for certain transactions. The fair value of the stock, which is based on comparable cash purchases, third party fair values of shares or the value of services, whichever is more readily determinable, is used to value the transaction.

Fair Value Measurements

Fair Value Measurements

The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable, accrued liabilities, and notes payable approximate fair value.

We adopted ASC Topic 820 for financial instruments measured at fair value on a recurring basis. ASC Topic 820 defines fair value, establishes a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements.

Fair value is defined as the price 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 Topic 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

•

Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;

•

Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and

•

Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts receivable, inventory, notes payable, accounts payable, accrued liabilities approximate fair value given their short-term nature or effective interest rates. We measure certain financial instruments at fair value on a recurring basis.

Revenue Recognition

Revenue Recognition

Beginning January 1, 2018, the Company implemented ASC 606, Revenue from Contracts with Customers. Although the new revenue standard is expected to have an immaterial impact, if any, on our ongoing net income, we did implement changes to our processes related to revenue recognition and the control activities within them. These included the development of new policies based on the five-step model provided in the new revenue standard, ongoing contract review requirements, and gathering of information provided for disclosures.

The Company recognizes revenue and cost of goods sold from product sales or services rendered when control of the promised goods are transferred to our clients in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle, we apply the following five steps: identify the contract with the client, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to performance obligations in the contract and recognize revenues when or as the Company satisfies a performance obligation.

The guidance requires increased disclosures, including qualitative and quantitative disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers.

The Company operates as one reportable segment.

There was no revenue during the three or six months ended June 30, 2021 and 2020 because conditions in Nicaragua have not changed.

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Accounts Receivable (Tables)

6 Months Ended

Jun. 30, 2021

Receivables [Abstract]

Schedule of Accounts Receivable

Accounts receivable consisted of the following at June 30, 2021 and December 31, 2020:

	June 30, 2021			December 31, 2020
Accounts Receivable	$	42,312		$	42,312
Less: Allowance for Doubtful Accounts		(42,312	)		(42,312	)
Net Accounts Receivable	$	-		$	-

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Notes Receivable - Related Parties (Tables)

6 Months Ended

Jun. 30, 2021

Officers, Directors, and Consultants [Member]

Schedule of Notes Receivable Related Parties

Notes receivable related parties consisted of the following at June 30, 2021 and December 31, 2020:

	June 30, 2021			December 31, 2020
Investcom - See Note 8 Related Party	$	342,000		$	342,000
Rentcom - See Note 8 Related Party		76,000			76,000
Total Notes Receivable		418,000			418,000
Less: Allowance for Doubtful Accounts		(418,000	)		(418,000	)
Net Notes Receivable - Related Parties	$	-		$	-

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Notes Payable (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Schedule of Unsecured Notes

Notes Payable consists of the following unsecured notes:

	June 30, 2021		December 31, 2020
Al Yee – 7% Interest, Matures January 2017	$	5,000	$	5,000
Michael Walkil – Non Interest Bearing, Due on Demand		4,490		4,490
Total Notes Payable	$	9,490	$	9,490

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Accounts Receivable (Schedule of Accounts Receivable) (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Receivables [Abstract]
Accounts Receivable	$ 42,312	$ 42,312
Less: Allowance for Doubtful Accounts	(42,312)	(42,312)
Net Accounts Receivable

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Notes Receivable - Related Parties (Schedule of Notes Receivable Related Parties) (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Total Notes Receivable	$ 418,000	$ 418,000
Less: Allowance for Doubtful Accounts	(418,000)	(418,000)
Net Notes Receivable - Related Parties
Investcom [Member]
Related Party Transaction [Line Items]
Total Notes Receivable	342,000	342,000
Rentcom [Member]
Related Party Transaction [Line Items]
Total Notes Receivable	$ 76,000	$ 76,000

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Related Party Transactions (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2017
Related Party Transaction [Line Items]
Shares issue	0		0		0
Preferred stock voting rights description			Preferred stock - A can be converted into 100 shares of common stock, have dividend rights at 100 times common and have voting rights equal to 100 shares of common stock.
Consulting Contract [Member]
Related Party Transaction [Line Items]
Term of contract					3 years
Shares issue					500,000
Shares issue value					$ 12,000,000
Price per share					$ 0.24
Preferred stock voting rights description			preferred stock can be converted into 100 shares of common stock and has dividend and voting rights as though converted into common stock.
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Related party transaction						$ 770,000
Proceeds from note payable						76,000
Financing receivable, sale						342,000
Bad debt						342,000
Mr. Doug Brooks [Member]
Related Party Transaction [Line Items]
Related party transaction						525,000
Proceeds from note payable						209,000
Financing receivable, sale						76,000
Director [Member]
Related Party Transaction [Line Items]
Due to related parties	$ 122,647		$ 122,647		$ 92,714
Bad debt						$ 76,000
Richard Kaiser [Member]
Related Party Transaction [Line Items]
Amount of press release wire services	$ 0	$ 0	$ 0	$ 0

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Notes Payable (Schedule of Unsecured Notes) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Debt Instrument [Line Items]
Total Notes Payable	$ 9,490		$ 9,490		$ 9,490
Interest Expense	87	$ 87	175	$ 175
Al Yee [Member]
Debt Instrument [Line Items]
Total Notes Payable	$ 5,000		$ 5,000		5,000
Accrued interest rate	7.00%		7.00%
Debt maturity date			Jan. 31, 2017
Michael Walkil [Member]
Debt Instrument [Line Items]
Total Notes Payable	$ 4,490		$ 4,490		$ 4,490

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Capital Stock (Details) - USD ($)		6 Months Ended
	Dec. 07, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Feb. 04, 2020	Dec. 31, 2017	Jan. 16, 2017
Preferred stock, shares authorized		40,000,000				5,000,000	50,000,000
Preferred stock voting rights description		Preferred stock - A can be converted into 100 shares of common stock, have dividend rights at 100 times common and have voting rights equal to 100 shares of common stock.
Reverse stock split		1:300
Common stock, shares authorized		1,000,000,000		1,000,000,000			1,000,000,000
Shares authorized							1,050,000,000
Amount due to related party			$ 28,580
Loss on loan conversion			5,982
Preferred stock, shares issued		0		0
Preferred stock, shares outstanding		0		0
Stock issue to pay stock payable			1,593,348
Net gain on conversion			$ 14,778
Common Stock [Member]
Stock issue to pay to related party			132,932
Price per share			$ 0.26
Stock issue to pay stock payable			$ 7,963,802
Stock payable amount			$ 1,608,126
Common Stock [Member] | Minimum [Member]
Price per share			$ 0.08
Common Stock [Member] | Maximum [Member]
Price per share			$ 0.26
Series A Preferred Stock [Member]
Preferred stock, shares authorized							10,000,000
Series A Preferred Stock [Member] | Two Board Members [Member]
Preferred stock voting rights description		preferred stock can be converted into 100 shares of common stock and has dividend and voting rights as though converted into common stock.
Retirement of preferred shares in exchange for common shares	2,500,000
Issue of common stock in exchange	30,000,000
Preferred stock, shares issued					2,500,000
Preferred stock, value					$ 60,000,000
Price per share					$ 0.24

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Commitments and Contingencies (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Rent Expense	$ 0	$ 0	$ 0	$ 0