10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D. C. 20549

FORM 10-Q

[X] Quarterly report pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934

For the quarterly period ended June 30, 2020

[  ] Transition report pursuant to Section 13 or 15(d) of the Exchange Act

For the transition period from _________ to _________.

ALTITUDE INTERNATIONAL, INC.

(Exact Name of Registrant as Specified in its Charter)

New York	000-55639	13-3778988
(State or Other Jurisdiction	(Commission	(I.R.S. Employer
of Incorporation)	File Number)	Identification No.)

515 E. Las Olas Boulevard, Suite 120, Fort Lauderdale, FL 33301

(Address of Principal Executive Offices)

(954) 256-5120

(Registrant’s Telephone Number, Including Area Code)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit 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.

(Check One):

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

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 Regulation 12b-2 of the Exchange Act): YES [  ] NO [X]

Securities registered to Section 12(b) of the Act: None.

State the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 43,453,639 shares issued, issuable, and outstanding as of August __, 2020.

TABLE OF CONTENTS

		Page
PART I.	FINANCIAL INFORMATION	3
Item 1.	Condensed Consolidated Financial Statements (unaudited)	3
	Condensed Consolidated Balance Sheets (unaudited)	4
	Condensed Consolidated Statements of Operations (unaudited)	5
	Condensed Consolidated Statement of Changes in Stockholders’ Equity (unaudited)	6
	Condensed Consolidated Statements of Cash Flows (unaudited)	7
	Notes to the Condensed Consolidated Financial Statements (unaudited)	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations (including cautionary statement)	15
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	17
Item 4.	Controls and Procedures	17
PART II.	OTHER INFORMATION	18
Item 1.	Legal Proceedings	18
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	18
Item 3.	Defaults Upon Senior Securities	18
Item 4.	Mine Safety Disclosures	18
Item 5.	Other Information	18
Item 6.	Exhibits	19
	Signatures	20

2

PART I. FINANCIAL INFORMATION

ITEM 1 - CONDENSED FINANCIAL STATEMENTS

ALTITUDE INTERNATIONAL, INC.

(UNAUDITED)

Contents

	Page
Condensed Consolidated Financial Statements (unaudited)
Condensed Consolidated Balance Sheets as of June 30, 2020 and December 31, 2019 (unaudited)	4
Condensed Consolidated Statements of Operations for the three months and six months ended June 30, 2020 and 2019 (unaudited)	5
Condensed Consolidated Statement of Changes in Stockholders’ Equity for the six months ended June 30, 2020 and 2019 (unaudited)	6
Condensed Consolidated Statement of Cash Flows for the six months ended June 30, 2020 and 2019 (unaudited)	7
Notes to Condensed Consolidated Financial Statements (unaudited)	8-14

3

ALTITUDE INTERNATIONAL, INC.

and Subsidiary

Condensed Consolidated Balance Sheets

(unaudited)

	June 30,			December 31,
	2020			2019
ASSETS
Current assets
Cash	$	2,652		$	8,267
Prepaid expense		12,295			10,121
Total current assets		14,946			18,388
Fixed assets, net		-			1,745
Intangible assets, net		10,447			10,753
Total assets	$	25,393		$	30,886
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Notes payable - related party	$	69,200		$	253,558
Notes payable		20,800			-
Accounts payable and accrued expenses		14,818			500
Accounts payable and accrued expenses - related party		199,503			139,098
Stockholders’ advance		36,211			36,211
Deferred revenue		-			1,189
Total current liabilities		340,532			430,556
Total liabilities		340,532			430,556
Commitments and contingencies - Note 5
Stockholders’ deficit
Preferred stock - no par value, 5,000,000 shares authorized, no shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively		-			-
Common stock - no  par value, 70,000,000 shares authorized, 43,541,139 and 36,075,995 shares issued, issuable, and outstanding at June 30, 2020 and December 31, 2019, respectively		2,930,354			2,669,024
Additional paid in capital		(179,263	)		(183,183	)
Accumulated deficit		(3,066,230	)		(2,885,511	)
Total stockholders’ deficit		(315,139	)		(399,670	)
Total liabilities and stockholders’ deficit	$	25,393		$	30,886

The accompanying notes are an integral part of these unaudited consolidated condensed financial statements.

4

ALTITUDE INTERNATIONAL, INC.

and Subsidiary

Condensed Consolidated Statement of Operations

(unaudited)

	For the three months ended						For the six months ended
	June 30,						June 30,
	2020			2019			2020			2019
Revenue	$	593		$	104,194		$	1,186		$	218,692
Operating expenses
Direct costs of revenue		-			57,418			-			103,888
Professional fees		13,590			30,582			45,333			40,912
Salary expenses		31,250			27,520			62,500			56,100
Stock-based compensation		3,509			6,480			7,334			13,338
Other general and administrative expenses		26,532			11,932			58,983			76,262
Total operating expenses		74,881			133,932			174,150			290,500
Loss from operations		(74,288	)		(29,738	)		(172,964	)		(71,808	)
Other income (expenses)
Interest expense		(403	)		(7,911	)		(7,755	)		(15,726	)
Total other income (expenses)		(403	)		(7,911	)		(7,755	)		(15,726	)
Net loss	$	(74,691	)	$	(37,649	)	$	(180,719	)	$	(87,534	)
Earnings per share - basic and fully diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted average number of shares of common stock - basic and fully diluted		42,947,254			28,820,605			39,530,169			28,182,155

The accompanying notes are an integral part of these unaudited consolidated condensed financial statements.

5

ALTITUDE INTERNATIONAL, INC.

and Subsidiary

Condensed Consolidated Statement of Changes in Stockholders’ Deficit

June 30, 2020

(unaudited)

	Common Stock				Additional
			No		Paid in			Accumulated
	Shares		Par Value		Capital			Deficit			Total
Balance, December 31, 2018		24,271,159	$	1,785,369	$	(149,769	)	$	(2,141,625	)	$	(506,025	)
Issuance of common stock for services		37,500		4,000		2,859			-			6,859
Conversion of debt to common stock		4,487,358		314,114		-			-			314,114
Net loss for the three months ended March 31, 2019		-		-		-			(49,885	)		(49,885	)
Balance, March 31, 2019		28,796,017	$	2,103,483	$	(146,910	)	$	(2,191,510	)	$	(234,937	)
Issuance of common stock for services		37,500		2,538		(2,859	)		-			(321	)
Amortize stock options		-		-		6,800			-			6,800
Net loss for the three months ended June 30, 2019		-		-		-			(37,649	)		(37,649	)
Balance, June 30, 2019		28,833,517	$	2,106,021	$	(142,969	)	$	(2,229,159	)	$	(266,107	)
Balance, December 31, 2019		36,075,995	$	2,669,024	$	(183,183	)	$	(2,885,511	)	$	(399,670	)
Issuance of common stock for services		37,500		1,876		-			-			1,876
Amortize stock options		-		-		1,949			-			1,949
Net loss for the three months ended March 31, 2020		-		-		-			(106,028	)		(106,028	)
Balance, March 31, 2020		36,113,495	$	2,670,900	$	(181,234	)	$	(2,991,539	)	$	(501,873	)
Issuance of common stock for services		37,500		1,538		-			-			1,538
Conversion of debt to common stock		7,390,144		257,916		-			-			257,916
Amortize stock options		-		-		1,971			-			1,971
Net loss for the three months ended June 30, 2020		-		-		-			(74,691	)		(74,691	)
Balance, June 30, 2020		43,541,139	$	2,930,354	$	(179,263	)	$	(3,066,230	)	$	(315,139	)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

6

ALTITUDE INTERNATIONAL, INC.

and Subsidiary

Condensed Consolidated Statements of Cash Flows

For the six months ended June 30,

(unaudited)

	2020			2019
Cash flows from operating activities:
Net loss	$	(180,719	)	$	(87,534	)
Adjustments to reconcile net loss to net cash used in operations:
Depreciation expense		1,745			1,742
Amortization expense		306			306
Stock-based compensation		7,334			13,338
Change in assets and liabilities:
Accounts receivable		-			(50,879	)
Prepaid expense		(2,174	)		(3,448	)
Accounts payable and accrued expenses		14,318			34,669
Accounts payable and accrued expenses - related party		75,976			157,640
Deferred revenue		(1,189	)		(143,898	)
Net cash used in operating activities		(84,404	)		(78,064	)
Cash flows from financing activities:
Proceeds from related party loans and advances		57,989			85,872
Proceeds from loan		20,800			-
Net cash provided by financing activities		78,789			85,872
Net increase in cash		(5,615	)		7,808
Cash at beginning of period		8,267			2,434
Cash at end of period	$	2,652		$	10,242
Cash paid for interest	$	-		$	-
Cash paid for taxes	$	-		$	-
Non-cash investing and financing activities:
Conversion of related party debt to common stock	$	257,916		$	314,114

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

7

ALTITUDE INTERNATIONAL, INC.

and Subsidiary

Notes to the Condensed Consolidated Financial Statements

June 30, 2020

(unaudited)

NOTE 1 – NATURE OF OPERATIONS

Company Background

Altitude International, Inc. (the “Company,” “we,” “us,” “our,” or “Altitude-NY”), was incorporated in the State of New York on July 13, 1994 as “Titan Computer Services, Inc.”

On June 27, 2017, the Company successfully closed a Share Exchange transaction (the “Share Exchange”) with the shareholders of Altitude International, Inc. (“Altitude”), a Wisconsin corporation. Altitude was incorporated on May 18, 2017 under the laws of the state of Wisconsin and has been operating as a wholly owned subsidiary of Altitude-NY since the Share Exchange. Altitude operates through Northern, Central, and South America sales to execute the current business plan of athletic training industry, specifically altitude training. Our objective is to be recognized as one of the upper tier specialty altitude training equipment providers in the Americas.

On February 13, 2018, the majority of the shareholders of the Company approved the amendment to the Articles of Incorporation to change the Company’s name from “Titan Computer Services, Inc.” to “Altitude International, Inc.” The purpose of the name change was to help further our brand identity and will reflect the major focus of our business operations, the manufacturing and distribution of products in the athletic training industry, specifically altitude training.

On February 14, 2020, the majority of shareholders of the Company and the Board of Directors authorized a change in the Company’s name to “Altitude International Holdings, Inc.” to reflect more diversified operations going forward. The Articles of Amendment finalizing this name change have not yet been filed by the Company.

On April 24, 2020, the Company formed a wholly owned subsidiary in Wisconsin called “Altitude Sports Management Corp.,” an entity that will providing fully integrated wealth, health, and career management services to its clients.

Nature of Operations

The product designs to be licensed from Sporting Edge UK, Ltd (“Sporting Edge UK”) are proven and cover a wide range of room sizes. The only requirement is to change from metric to imperial sizes where necessary.

There are three unique elements to the Altitude product:

● Sophisticated Touch Screen control systems capable of integrating the control of simulated altitude, temperature and humidity.

● A unique design of Air Separation Unit with only a single active part that provides for ultra-reliable operation and a design life of greater than fifteen years.

● Proven training protocols that allow the desired training benefits to be achieved.

Recapitalization of Altitude

On June 27, 2017, the Company entered into a share exchange transaction with Altitude which resulted in a change of control of the Company. Pursuant to the terms of the Share Exchange, the Company agreed to issue 6,102,000 shares of its common stock to all the individual shareholders of Altitude on a pro rata basis (one to one share exchange). In exchange for this stock issuance, the Company received 100% of the outstanding shares of Altitude. Following this Share Exchange, Altitude became a wholly owned subsidiary of Titan. There was a cancellation of 14,700,000 shares of common stock of the Company that was held by the Company’s former majority stockholder as part of the share exchange agreement, which all had a net effect of a decrease of 8,598,000 shares in the Company’s outstanding shares. The business, assets and liabilities of the Company changed as a result of this reverse acquisition to Altitude’s business plan.

This share exchange transaction resulted in those shareholders obtaining a majority voting interest in –the Company and control of the Board of Directors of the Company. Generally accepted accounting principles require that the Company whose shareholders retain the majority interest and control in a combined business be treated as the acquirer for accounting purposes, resulting in a reverse acquisition with Altitude as the accounting acquirer and the Company as the acquired party. Accordingly, the share exchange transaction has been accounted for as a recapitalization of Altitude, whereby is deemed to be the continuing, surviving entity for accounting purposes but through reorganization, has deemed to have adopted the capital structure of Altitude - NY. The equity section of the accompanying condensed consolidated financial statements has been restated to reflect the recapitalization of the Company due to the reverse acquisition.

8

Accordingly, all references to common shares of Altitude’s common stock have been restated to reflect the equivalent number of the Company’s common shares. In other words, the 6,102,000 Altitude shares outstanding at the time of the share exchange are restated to 21,228,659 common shares (prior to the 500,000 common share capital raise mentioned below that was conducted after the share exchange agreement), as of June 27, 2017. Each share of Altitude is accordingly restated at a multiple of approximately 3.48 shares of the Company for the weighted average shares outstanding for the loss per share calculations in the accompanying condensed consolidated statement of operations.

The book value of the net assets that for accounting purposes, were deemed to have been acquired by Altitude from the Company, as of the date of acquisition (June 27, 2017) were $0, after the waiver of all debts from officers and third parties.

A condition to the closing of the Share Exchange Agreement was raising $100,000 in the Company. On June 27, 2017, the Company issued 500,000 shares of its common stock to an accredited investor pursuant to a Subscription Agreement for $100,000, or $0.20 per share which was kept at escrow account. During the recapitalization, the Company incurred legal fees of $12,500 which was paid through the attorney’s escrow account and recorded as transaction costs which were netted against the $100,000 proceeds.

Altitude International, Inc.

Altitude International, Inc. (“Altitude”) was incorporated on May 18, 2017 under the laws of the state of Wisconsin with 100,000,000 authorized common stock with $0.001 par value. On May 18, 2017, 6,102,000 shares of common stock at $0.001 (par) were issued as founder shares, valued at a total of $6,102 to 15 individuals. These shares were issued for future potential services from these various individuals and as of the date of this issuance, no value was placed on these future potential services and were therefore recorded at par value as stock-based compensation to the founders.

On June 27, 2017, after the closing of certain Stock Purchase Agreements, in private sale transaction and the Share Exchange Agreement, a change of control of the Company occurred and the new operational focus of the Company commenced. See Notes 6 and 8.

Altitude will operate through Northern, Central, and South America sales to execute the current business plan of athletic training industry, specifically altitude training. Our objective is to be recognized as one of the upper tier specialty altitude training equipment providers.

Changes in Management and the Board of Directors

On January 25, 2019, Robert Kanuth (“Kanuth”) was appointed as the Company’s new CEO and David Vincent resigned as CEO and was appointed as the Company’s Chief Technology Officer.

On June 27, 2019, Greg Anthony and Peter Sandore were elected to serve on the Board of Directors.

On August 20, 2019, Dave Vincent resigned as a director and CTO of the Company.

On September 19, 2019, Greg Anthony was appointed as President of the Company.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The Company follows the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America and has a year-end of December 31.

Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented.

The unaudited condensed financial statements of the Company for the six month periods ended June 30, 2020 and 2019 have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Regulation S-X. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. However, such information reflects all adjustments (consisting solely of normal recurring adjustments), which are, in the opinion of management, necessary for the fair presentation of the financial position and the results of operations. Results shown for interim periods are not necessarily indicative of the results to be obtained for a full fiscal year. The balance sheet information as of December 31, 2019 was derived from the audited financial statements included in the Company’s financial statements as of and for the year ended December 31, 2019 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 30, 2020. These financial statements should be read in conjunction with that report.

9

Going Concern and Liquidity

We have incurred recurring losses since inception and expect to continue to incur losses as a result of legal and professional fees and our corporate general and administrative expenses. At June 30, 2020, we had $2,652 in cash. Our net losses incurred for the six months ended June 30, 2020 were $180,719 and working capital deficit was $325,586 at June 30, 2020. As a result, there is substantial doubt about our ability to continue as a going concern. In the event that we are unable to generate sufficient cash from our operating activities or raise additional funds, we may be required to delay, reduce or severely curtail our operations or otherwise impede our on-going business efforts, which could have a material adverse effect on our business, operating results, financial condition and long-term prospects. The Company expects to seek to obtain additional funding through increased revenues and future financings. There can be no assurance as to the availability or terms upon which such financing and capital might be available.

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Altitude. All significant intercompany balances and transactions have been eliminated in the consolidation. The consolidated financial statements included herein, presented in accordance with United States generally accepted accounting principles (“GAAP”) and stated in United States dollars, have been prepared by the Company, pursuant to the rules and regulations of the Securities and Exchange Commission.

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 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

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.

Intangible Assets

Costs incurred to file patent applications and acquired intangibles are capitalized when the Company believes that there is a high likelihood that the patent will be issued and there will be future economic benefit associated with the patent. These costs will be amortized on a straight-line basis over a 20 years life from the date of patent filing. All costs associated with abandoned patent applications are expensed. In addition, the Company will review the carrying value of patents for indicators of impairment on a periodic basis and if it determines that the carrying value is impaired, it values the patent at fair value. As of June 30, 2020, carrying value of patent was $10,447.

In accordance with the provisions of the applicable authoritative guidance, the Company’s long-lived assets and amortizable intangible assets are tested for impairment whenever events or changes in circumstances indicate that their carrying value may not be recoverable. The Company assesses the recoverability of such assets by determining whether their carrying value can be recovered through undiscounted future operating cash flows, including its estimates of revenue driven by assumed market segment share and estimated costs. If impairment is indicated, the Company measures the amount of such impairment by comparing the fair value to the carrying value. The amortization of the trademark was not significant for the period ended June 30, 2020.

Recent Accounting Pronouncements

Recently Issued Accounting Standards: Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.

NOTE 3 – INTANGIBLE ASSETS - TRADEMARK

The Company has intangible assets related to a trademark. The amortization of the intangible asset is over a twenty-year period. As of June 30, 2020, and December 31, 2019, the Company had intangible assets, net of accumulated amortization, of $10,447 and $10,753, respectively. The intangible assets are as follows:

	June 30,		December 31,
	2020		2019
Trademark	$	12,284	$	12,284
Total intangible assets		12,284		12,284
Less: Accumulated amortization		1,837		1,531
Intangible assets, net	$	10,447	$	10,753

Amortization expense of the trademark for the six months ended June 30, 2020 and 2019 were $306 and $153, respectively.

10

NOTE 4 – NOTES PAYABLE

Note payable
	June 30, 2020						December 31, 2019
			Accrued						Accrued
	Principal		Interest		Total		Principal		Interest		Total
David Vincent	$	-	$	-	$	-	$	20,000	$	3,595	$	23,595
David Vincent		-		-		-		40,000		6,707		46,707
Joseph B. Frost		40,000		16,696		56,696		40,000		4,252		44,252
Joseph B. Frost		500		56		556		500		6		506
Joseph B. Frost		10,000		3,346		13,346		10,000		833		10,833
Joseph B. Frost		13,000		4,272		17,272		13,000		1,012		14,012
David Vincent		-		-		-		5,000		48		5,048
David Vincent		-		-		-		15,000		26		15,026
Robert Kanuth		-		-		-		-		-		-
Robert Kanuth		-		-		-		-		-		-
Robert Kanuth		-		92		92		-		-		-
Robert Kanuth		-		1		1		-		-		-
Total	$	63,500	$	24,463	$	87,963	$	143,500	$	16,479	$	159,979

On March 2, 2018, Frost, a director, loaned the Company $40,000 in the form of a promissory note. The note bears interest of 20% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. As of June 30, 2020, this note is in default and the accrued interest was $18,691, and the principal balance was $40,000.

On July 30, 2018, Frost, a director, loaned the Company $10,000 in the form of a promissory note. The note bears interest of 20% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. As of June 30, 2020, the accrued interest was $3,845, the principal balance was $10,000, and the note is in default.

On August 10, 2018, Frost, a director, loaned the Company $13,000 in the form of a promissory note. The note bears interest of 20% and has the term of six months, at which time all principal and interest will be paid in a balloon payment. As of June 30, 2020, this note is in default and the accrued interest was $4,920, the principal balance was $13,000, and the note is in default.

On November 5, 2018, Frost, a director, loaned the Company $500 in the form of a promissory note. The note bears interest of 8% and has the term of six months, at which time all principal and interest will be paid in a balloon payment. As of June 30, 2020, the accrued interest was $66, and the principal balance was $500.

On January 24, 2019, Kanuth, an officer and director, loaned the Company $11,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On July 15, 2019, the principal of $11,000 and accrued interest of $319 was converted into common stock of the Company. On April 7, 2020, the accrued interest balance was converted into common stock of the Company (see Note 7).

On February 4, 2019, Kanuth, an officer and director, loaned the Company $13,197 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On July 15, 2019, the principal of $13,197 was converted into common stock of the Company. On April 7, 2020, the accrued interest balance was converted into common stock of the Company (see Note 7).

On February 4, 2019, Kanuth, an officer and director, loaned the Company $5,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On July 15, 2019, the principal of $5,000 was converted into common stock of the Company. On April 7, 2020, the accrued interest balance was converted into common stock of the Company (see Note 7).

On April 30, 2019, Kanuth, an officer and director, loaned the Company $6,514 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On May 23, 2019, Kanuth, an officer and director, loaned the Company $6,544 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On August 13, 2019, Kanuth, an officer and director, loaned the Company $10,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On September 5, 2019, Kanuth, an officer and director, loaned the Company $20,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

11

On September 16, 2019, Kanuth, an officer and director, loaned the Company $10,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On October 16, 2019, Kanuth, an officer and director, loaned the Company $30,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On October 31, 2019, Kanuth, an officer and director, loaned the Company $8,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On November 8, 2019, Kanuth, an officer and director, loaned the Company $70,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 8).

On November 25, 2019, Kanuth, an officer and director, loaned the Company $9,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On December 17, 2019, Kanuth, an officer and director, loaned the Company $20,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On January 3, 2020, Kanuth, an officer and director, loaned the Company $10,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On February 8, 2020, Kanuth, an officer and director, loaned the Company $4,860 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On February 26, 2020, Kanuth, an officer and director, loaned the Company $10,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On March 18, 2020, Kanuth, an officer and director, loaned the Company $30,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. n April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On March 31, 2020, Kanuth, an officer and director, loaned the Company $3,129 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On April 9, 2020, Kanuth, an officer and director, loaned the Company $1,500 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. As of June 30, 2020, the principal balance was $1,500 and the accrued interest was $27.

On April 15, 2020, Kanuth, an officer and director, loaned the Company $4,200 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. As of June 30, 2020, the principal balance was $4,200 and the accrued interest was $71.

On May 5, 2020, the Company received $20,800 in the form of a loan through the CARES Act Paycheck Protection Program. The balance at June 30, 2020 was $20,800.

NOTE 5 – COMMITMENTS AND CONTINGENCIES

The Company is subject, from time to time, to claims by third parties under various legal disputes. The defense of such claims, or any adverse outcome relating to any such claims, could have a material adverse effect on the Company’s liquidity, financial condition and cash flows. As of May 13, 2020, the Company did not have any legal actions pending against it.

12

On June 27, 2017, Altitude entered a license agreement with Sporting Edge UK (see Note 1), Sporting Edge UK is the sole and exclusive owner of and has the right to license to licensee the ability to manufacture and sell rights to the full range of membrane-based systems for the production of reduced oxygen environments and associated services as well as the use of patents and trademarks held by Sporting Edge UK or Vincent.

On January 24, 2019, Altitude and Sporting Edge UK entered into a Revised Licensing Agreement that grants a license to Altitude to use Sporting Edge UK’s proprietary technology related to properly engineered, membrane-based designs for simulated altitude training equipment. The annual license fee under the revised agreement is $1.00 per year. The product line ranges from personal at home use machines to fully integrated environmental rooms and chambers. Altitude has the licensing rights to use all technology to manufacture the products and to sell them (directly or through distributors) in the following territories:

● The Continent of North America, Central America, The Continent of South America.

● Other territories as may be agreed from time to time, on a temporary or permanent basis.

All amounts due under the 2017 license agreement were waived, as were all royalty fees.

NOTE 6 – RELATED PARTY TRANSACTIONS

As of December 31, 2019, and June 30, 2020, the balance due to our former CEO, David Vincent, was recorded under stockholder’s advance of $36,211 and $36,211, respectively, which is a verbal agreement, non-interest bearing, unsecured and payable on demand. On February 9, 2018, the Board of Directors changed the arrangement whereas the advance would begin accruing interest at the rate of 20%. The Company had accrued expenses to David Vincent, as of December 31, 2018 of $57,948 which were converted into common stock on January 10, 2019.

Altitude has an oral agreement with its Chairman of the Board and current CEO, Robert Kanuth, in which it will provide for reimbursement of private airline travel expenses incurred on behalf of the Company, for his use of an aircraft in which he has an interest in.. The remuneration package for the Chairman is currently under negotiation as are the terms and validity of a purported agreement between the Chairman and the Company’s CEO regarding shares to be transferred from the CEO to the Chairman upon sales milestones being reached. The Company and its subsidiaries were not parties to the purported agreement, and their property is not the subject of the purported agreement.

NOTE 7 – STOCKHOLDERS’ EQUITY

Preferred Stock

On February 5, 2015, the Board of Directors of the Company authorized 5,000,000 shares of preferred stock with no par value. Each share of the preferred stock is entitled to one vote and is convertible into one share of common stock.

As of June 30, 2020, and December 31, 2019, the Company has no preferred stock issued and outstanding.

Common Stock

Altitude was incorporated on May 18, 2017 under the laws of the state of Wisconsin with 100,000,000 authorized common stock with $0.001 par value. The shareholders have one vote per share of common stock.

After the closing of certain Stock Purchase Agreements, in private sale transaction and the Share Exchange Agreement, the Company’s common stock had no par value and is registered in New York.

On January 1, 2020, the Company was contractually obligated to issue its legal counsel 12,500 shares of common stock for legal work for January 2020. The common stock of the Company is thinly traded and had a value of $0.0401 per share, therefore the Company recorded the transaction at $501.

On February 1, 2020, the Company was contractually obligated to issue its legal counsel 12,500 shares of common stock for legal work for February 2020. The common stock of the Company is thinly traded and had a value of $0.07 per share, therefore the Company recorded the transaction at $875.

On March 1, 2020, the Company was contractually obligated to issue its legal counsel 12,500 shares of common stock for legal work for March 2020. The common stock of the Company is thinly traded and had a value of $0.04 per share, therefore the Company recorded the transaction at $500.

On April 1, 2020, the Company was contractually obligated to issue its legal counsel 12,500 shares of common stock for legal work for April 2020. The common stock of the Company is thinly traded and had a value of $0.025 per share, therefore the Company recorded the transaction at $313.

On April 7, 2020, Kanuth converted $257,916 of notes and accrued interest into 7,390,144 shares of common stock of the Company, at the current market price of $0.345.

13

On May 1, 2020, the Company was contractually obligated to issue its legal counsel 12,500 shares of common stock for legal work for May 2020. The common stock of the Company is thinly traded and had a value of $0.051 per share, therefore the Company recorded the transaction at $638.

On June 1, 2020, the Company was contractually obligated to issue its legal counsel 12,500 shares of common stock for legal work for June 2020. The common stock of the Company is thinly traded and had a value of $0.047 per share, therefore the Company recorded the transaction at $588.

As of June 30, 2020, and December 31, 2019, the Company has 43,541,139 and 36,075,995 shares of no par common stock issued, issuable, and outstanding.

Stock Option Plan

On February 13, 2018, the Company’s shareholders and Board of Directors approved the 2017 Incentive Stock Plan.

On January 25, 2019, the Company issued 250,000 options to Vincent. The options vest at a rate of 25% every six months after the grant date and expire upon termination of employment. The exercise price is $0.077. The Black-Scholes calculation valued the options at $15,809, or $0.06 per share. As of June 30, 2020, $5,392 was amortized. These options expired three months following Vincent’s resignation because they were not exercised prior to that time.

On January 25, 2019, the Company issued 250,000 options to Frost. The options vest at a rate of 25% every six months after the grant date and expire upon termination of employment. The exercise price is $0.077. The Black-Scholes calculation valued the options at $15,809, or $0.06 per share. As of June 30, 2020, $16,697 was amortized.

NOTE 8 – SUBSEQUENT EVENTS

On July 1, 2020, the Company was contractually obligated to issue its legal counsel 12,500 shares of common stock for legal work for July 2020. The common stock of the Company is thinly traded and had a value of $0.03 per share, therefore the Company recorded the transaction at $375.

On August 1, 2020, the Company was contractually obligated to issue its legal counsel 12,500 shares of common stock for legal work for August 2020. The common stock of the Company is thinly traded and had a value of $0.03 per share, therefore the Company recorded the transaction at $375.

14

ITEM 2 - MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The statements contained in the following MD&A and elsewhere throughout this Quarterly Report on Form 10-Q, including any documents incorporated by reference, that are not historical facts, including statements about our beliefs and expectations, are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by or that include the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project,” “intend” and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements.

These forward-looking statements, which reflect our management’s beliefs, objectives, and expectations as of the date hereof, are based on the best judgement of our management. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events such as the COVID-19 pandemic and other securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting our business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans and other consequences associated with risks and uncertainties detailed in our filings with the SEC, including our most recent filings on Forms 10-K and 10-Q.

We caution that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur, that could impact our business. We undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise, except to the extent required by the federal securities laws.

This discussion should be read in conjunction with our financial statements on our 2019 Form 10-K, and our financial statements and the notes thereto contained elsewhere in this Quarterly Report on Form 10-Q.

Results of Operations

For the three months ended June 30, 2020 compared to the three months ended June 30, 2019

Revenue

The Company had revenue of $593 for the three months ended June 30, 2020 compared to $104,194 for the comparable period in 2019. The decrease in revenue is primarily attributable to the business not operating due to the COVID-19 pandemic.

Operating Expenses

The Company had operating expenses of $74,881 for the three months ended June 30, 2020 compared to $133,932 for the three months ended June 30, 2019. The decrease was primarily due to direct costs of revenue of $0 for 2020 compared to $57,418 for the same period in 2019. This decrease is primarily attributable to the business not operating due to the COVID-19 pandemic.

Net Loss

The Company had a net loss of $74,691 for the three months ended March 31, 2020 compared to $37,649 for the three months ended March 31, 2019.

For the six months ended June 30, 2020 compared to the six months ended June 30, 2019

Revenue

The Company had revenue of $1,186 for the six months ended June 30, 2020 compared to $218,692 for the comparable period in 2019. The decrease in revenue is primarily attributable to the business not operating due to the COVID-19 pandemic.

Operating Expenses

The Company had operating expenses of $174,150 for the six months ended June 30, 2020 compared to $290,500 for the six months ended June 30, 2019. The decrease was primarily due to direct costs of revenue of $0 for 2020 compared to $103,888 for the same period in 2019. This decrease is primarily attributable to the business not operating due to the COVID-19 pandemic.

15

Net Loss

The Company had a net loss of $180,719 for the six months ended June 30, 2020 compared to $87,534 for the six months ended June 30, 2019.

Liquidity and Capital Resources

As of June 30, 2020, the Company had cash and cash equivalents of $2,652. We do not have sufficient resources to effectuate our business. We expect to incur a minimum of $320,000 in expenses during the next twelve months of operations. We estimate that these expenses will be comprised primarily of general expenses including overhead, legal and accounting fees.

We used cash in operations of $84,404 for the six months ended June 30, 2020. The negative cash flow from operating activities for the six months ended June 30, 2020 is attributable to the Company’s net loss from operations of $180,719.

We used cash in investing for financing activities of $0 for the six months ended June 30, 2020.

We had cash provided by financing activities of $78,789 for the six months ended June 30, 2020, consisting of loans from Kanuth.

We will have to raise funds to pay for our expenses. We may have to borrow money from shareholders or issue debt or equity or enter into a strategic arrangement with a third party. There can be no assurance that additional capital will be available to us. We currently have no arrangements or understandings with any person to obtain funds through bank loans, lines of credit or any other sources. Since we have no such arrangements or plans currently in effect, our inability to raise funds for our operations will have a severe negative impact on our ability to remain a viable company.

Plan of Operation

The Company produces systems under license from Sporting Edge UK. These systems include the control of simulated altitude as a minimum and often the simultaneous control of temperature and humidity, providing a full environmental capability. Also included in the license are the Training Protocols that Sporting Edge UK has established to ensure that the optimum results are achieved by athletes using the altitude facilities.

The Company will be setting up manufacturing in 2020 to address the need for quicker system turnaround. This will consist primarily of manufacturing space, but with a small office content. The work will primarily consist of the assembly of components into the unique licensed designs. Initial recruitment of technically capable persons will be necessary, followed by short training blocks to pass on the required skills. A small team will visit the UK to obtain hands-on experience of the manufacturing requirement.

The Company has two approaches to penetrating the market.

● Leveraging the broad expanse of contacts delivered by the addition of our new President, Greg Anthony. Mr. Anthony had a distinguished career in the NBA playing 11 seasons for a number of the best teams in the NBA. Currently he serves as a commentator on NBA TV and for the Turner Broadcast Network. From this unique position and background, Mr. Anthony will bring a clear entry point for discussions with both professional and collegiate teams around the US.

● The Company also has Board members and Company Ambassadors who are able to access key, top level decision makers via their personal contact networks.

The Company has access to facilities that have been sold in the US to demonstrate system design and function.

Customer support and installation activities will be carried out by Altitude International staff.

The Company has installed a chamber at Tulane University.

The Company has installed a chamber at the Miami Dolphins facility.

Commercial operations are centered in Florida.

In April 2020, the Company formed a wholly owned subsidiary, Altitude Sports Management Corp.

The Company has been impacted by the COVID-19 pandemic, and some of its earlier plans to further diversify its operations and expand its operating subsidiaries have been paused due to the economic uncertainty.

Off-balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

16

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

Not required.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

The Securities and Exchange Commission defines the term “disclosure controls and procedures” to mean a company’s controls and other procedures of an issuer that are designed to ensure that information required to be disclosed in the reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Securities Exchange Act of 1934 is accumulated and communicated to the issuer’s management, including its chief executive and chief financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. The Company maintains such a system of controls and procedures in an effort to ensure that all information which it is required to disclose in the reports it files under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified under the SEC’s rules and forms and that information required to be disclosed is accumulated and communicated to the chief executive and interim chief financial officer to allow timely decisions regarding disclosure.

As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that the Company’s disclosure controls and procedures are not effective as of such date. The Chief Executive Officer and Chief Financial Officer have determined that the Company continues to have the following deficiencies which represent a material weakness:

● The Company does not have a majority of independent directors;

● Lack of in-house personnel with the technical knowledge to identify and address some of the reporting issues surrounding certain complex or non-routine transactions. With material, complex and non-routine transactions, management has and will continue to seek guidance from third-party experts and/or consultants to gain a thorough understanding of these transactions;

● Insufficient personnel resources within the accounting function to segregate the duties over financial transaction processing and reporting; and

● Insufficient written policies and procedures over accounting transaction processing and period end financial disclosure and reporting processes.

● To remediate our internal control weaknesses, management intends to implement the following measures: as funding permits, the Company will add sufficient accounting personnel to properly segregate duties and to effect a timely, accurate preparation of the financial statements; the Company will hire staff technically proficient at applying U.S. GAAP to financial transactions and reporting; and upon the hiring of additional accounting personnel, the Company will develop and maintain adequate written accounting policies and procedures.

The additional hiring is contingent upon The Company’s efforts to obtain additional funding through equity or debt and the results of its operations. Management hopes to secure funds in the coming fiscal year but provides no assurances that it will be able to do so.

Limitations on the Effectiveness of Controls

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

Changes in Internal Control Over Financial Reporting

During the fiscal quarter covered by this Quarterly Report, there has been no change in our internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act) that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

17

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

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

Item 1A. Risk Factors

As a smaller reporting company, we are not required to include disclosure under this item. We refer readers to our Form 10-K for additional risk factor disclosures.

An occurrence of an uncontrollable event such as the COVID-19 pandemic may negatively affect our operations.

The occurrence of an uncontrollable event such as the COVID-19 pandemic may negatively affect our operations. A pandemic typically results in social distancing, travel bans and quarantine, and this may limit access to our facilities, customers, management, support staff and professional advisors. These factors, in turn, may not only impact our operations, financial condition and demand for our goods and services but our overall ability to react timely to mitigate the impact of this event. Also, it may hamper our efforts to comply with our filing obligations with the Securities and Exchange Commission.

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

On April 14, 2020, the Company issued 7,390,144 restricted shares of common stock to Robert Kanuth and Lesley Visser (“Kanuth”) upon the conversion of $257,916 in existing debt owed to Kanuth that has been accrued by the Company. The issuance was made in reliance on the exemption from registration provided by Sections 3(a)(9) and 4(a)(2) of the Securities Act as the common stock was issued in exchange for debt securities of the Company held by each shareholder, there was no additional consideration for the exchange, there was no remuneration for the solicitation of the exchange, there was no general solicitation, and the transactions did not involve a public offering. The holders provided legal opinions pursuant to Rule 144 promulgated under Section 4(a)(1) of the Securities Act.

On April 14, 2020, the Company issued 62,500 restricted shares of common stock its legal counsel. These shares were issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended pursuant to Section 4(a)(2) of the Act and/or Rule 506 of Regulation D promulgated thereunder since, among other things, the transactions did not involve a public offering.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information

On April 24, 2020, the Company formed a wholly owned subsidiary in Wisconsin called “Altitude Sports Management Corp.”

18

Item 6. Exhibits

Exhibit
Number	Description
3.1	Articles of Incorporation (incorporated by reference from the Company’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on January 19, 2016).
3.1.1	Amended Articles of Incorporation (incorporated by reference from the Company’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on January 19, 2016).
3.1.2	Articles of Incorporation of Altitude International (incorporated by reference to the form 8-K filed by the Company on July 3, 2017).
3.2	Amended Articles of Incorporation filed on June 4, 2018 (incorporated by reference to the form 8-K filed on August 8, 2018).
10.1	Share Exchange Agreement (incorporated by reference to exhibit 3.2 to the form 8-K filed by the Company on July 3, 2017).
10.2	Licensing Agreement (incorporated by reference to exhibit 10.1 to the form 8-K filed by the Company on July 3, 2017).
10.3	Sole Distribution Agreement (incorporated by reference to exhibit 10.2 to the form 8-K filed by the Company on July 3, 2017).
31.1	Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
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.
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.
101 INS	XBRL Instance Document *
101 SCH	XBRL Taxonomy Extension Schema Document *
101 CAL	XBRL Taxonomy Calculation Linkbase Document *
101 DEF	XBRL Taxonomy Extension Definition Linkbase Document *
101 LAB	XBRL Taxonomy Labels Linkbase Document *
101 PRE	XBRL Taxonomy Presentation Linkbase Document *

*Filed Herewith.

19

SIGNATURES

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

SIGNATURE	TITLE	DATE
/s/ Robert Kanuth	Principal Executive Officer and Principal Financial	August 14, 2020
Robert Kanuth	and Accounting Officer

20

EX-31.1

Exhibit 31.1

OFFICER’S CERTIFICATE

PURSUANT TO SECTION 302

I, Robert Kanuth, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Altitude International, Inc.;

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 controls 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; and

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 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.

Date: August 14, 2020

/s/ Robert Kanuth

Robert Kanuth,

Chief Executive Officer

EX-31.2

Exhibit 31.2

OFFICER’S CERTIFICATE

PURSUANT TO SECTION 302

I, Robert Kanuth, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Altitude International, Inc.;

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 controls 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; and

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 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.

Date: August 14, 2020

/s/ Robert Kanuth

Robert Kanuth,

Principal Accounting Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES OXLEY ACT OF 2002

CERTIFICATION

In connection with the Quarterly Report of Altitude International, Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2020 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Robert Kanuth, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Robert Kanuth

Robert Kanuth

Chief Executive Officer and Director

August 14, 2020

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES OXLEY ACT OF 2002

CERTIFICATION

In connection with the Quarterly Report of Altitude International, Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2020 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, David Vincent, Principal Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Robert Kanuth

Robert Kanuth

Principal Accounting Officer

August 14, 2020

XML

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 14, 2020
Cover [Abstract]
Entity Registrant Name	ALTITUDE INTERNATIONAL, INC
Entity Central Index Key	0001664127
Document Type	10-Q
Document Period End Date	Jun. 30, 2020
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		43,453,639
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020

XML

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Current assets
Cash	$ 2,652	$ 8,267
Prepaid expense	12,295	10,121
Total current assets	14,946	18,388
Fixed assets, net		1,745
Intangible assets, net	10,447	10,753
Total assets	25,393	30,886
Current liabilities
Notes payable - related party	69,200	253,558
Notes payable	20,800
Accounts payable and accrued expenses	14,818	500
Accounts payable and accrued expenses - related party	199,503	139,098
Stockholders' advance	36,211	36,211
Deferred revenue		1,189
Total current liabilities	340,532	430,556
Total liabilities	340,532	430,556
Commitments and contingencies - Note 5
Stockholders' deficit
Preferred stock - no par value, 5,000,000 shares authorized, no shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively
Common stock - no par value, 70,000,000 shares authorized, 43,541,139 and 36,075,995 shares issued, issuable, and outstanding at June 30, 2020 and December 31, 2019, respectively	2,930,354	2,669,024
Additional paid in capital	(179,263)	(183,183)
Accumulated deficit	(3,066,230)	(2,885,511)
Total stockholders' deficit	(315,139)	(399,670)
Total liabilities and stockholders' deficit	$ 25,393	$ 30,886

XML

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, no par value
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, no par value
Common stock, shares authorized	70,000,000	70,000,000
Common stock, shares issued	43,541,139	36,075,995
Common stock, shares outstanding	43,541,139	36,075,995

XML

Condensed Consolidated Statement of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Revenue	$ 593	$ 104,194	$ 1,186	$ 218,692
Operating expenses
Direct costs of revenue		57,418		103,888
Professional fees	13,590	30,582	45,333	40,912
Salary expenses	31,250	27,520	62,500	56,100
Stock-based compensation	3,509	6,480	7,334	13,338
Other general and administrative expenses	26,532	11,932	58,983	76,262
Total operating expenses	74,881	133,932	174,150	290,500
Loss from operations	(74,288)	(29,738)	(172,964)	(71,808)
Other income (expenses)
Interest expense	(403)	(7,911)	(7,755)	(15,726)
Total other income (expenses)	(403)	(7,911)	(7,755)	(15,726)
Net loss	$ (74,691)	$ (37,649)	$ (180,719)	$ (87,534)
Earnings per share - basic and fully diluted	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Weighted average number of shares of common stock - basic and fully diluted	42,947,254	28,820,605	39,530,169	28,182,155

XML

Condensed Consolidated Statement of Changes in Stockholders' Deficit (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid in Capital [Member]	Accumulated Deficit [Member]	Total
Beginning balance at Dec. 31, 2018	$ 1,785,369	$ (149,769)	$ (2,141,625)	$ (506,025)
Beginning balance, shares at Dec. 31, 2018	24,271,159
Issuance of common stock for services	$ 4,000	2,859		6,859
Issuance of common stock for services, shares	37,500
Conversion of debt to common stock	$ 314,114			314,114
Conversion of debt to common stock, shares	4,487,358
Net loss			(49,885)	(49,885)
Ending balance at Mar. 31, 2019	$ 2,103,483	(146,910)	(2,191,510)	(234,937)
Ending balance, shares at Mar. 31, 2019	28,796,017
Beginning balance at Dec. 31, 2018	$ 1,785,369	(149,769)	(2,141,625)	(506,025)
Beginning balance, shares at Dec. 31, 2018	24,271,159
Net loss				(87,534)
Ending balance at Jun. 30, 2019	$ 2,106,021	(142,969)	(2,229,159)	(266,107)
Ending balance, shares at Jun. 30, 2019	28,833,517
Beginning balance at Mar. 31, 2019	$ 2,103,483	(146,910)	(2,191,510)	(234,937)
Beginning balance, shares at Mar. 31, 2019	28,796,017
Issuance of common stock for services	$ 2,538	(2,859)		(321)
Issuance of common stock for services, shares	37,500
Amortize stock options		6,800		6,800
Net loss			(37,649)	(37,649)
Ending balance at Jun. 30, 2019	$ 2,106,021	(142,969)	(2,229,159)	(266,107)
Ending balance, shares at Jun. 30, 2019	28,833,517
Beginning balance at Dec. 31, 2019	$ 2,669,024	(183,183)	(2,885,511)	(399,670)
Beginning balance, shares at Dec. 31, 2019	36,075,995
Issuance of common stock for services	$ 1,876			1,876
Issuance of common stock for services, shares	37,500
Amortize stock options		1,949		1,949
Net loss			(106,028)	(106,028)
Ending balance at Mar. 31, 2020	$ 2,670,900	(181,234)	(2,991,539)	(501,873)
Ending balance, shares at Mar. 31, 2020	36,113,495
Beginning balance at Dec. 31, 2019	$ 2,669,024	(183,183)	(2,885,511)	(399,670)
Beginning balance, shares at Dec. 31, 2019	36,075,995
Net loss				(180,719)
Ending balance at Jun. 30, 2020	$ 2,930,354	(179,263)	(3,066,230)	(315,139)
Ending balance, shares at Jun. 30, 2020	43,541,139
Beginning balance at Mar. 31, 2020	$ 2,670,900	(181,234)	(2,991,539)	(501,873)
Beginning balance, shares at Mar. 31, 2020	36,113,495
Issuance of common stock for services	$ 1,538			1,538
Issuance of common stock for services, shares	37,500
Conversion of debt to common stock	$ 257,916			257,916
Conversion of debt to common stock, shares	7,390,144
Amortize stock options		1,971		1,971
Net loss			(74,691)	(74,691)
Ending balance at Jun. 30, 2020	$ 2,930,354	$ (179,263)	$ (3,066,230)	$ (315,139)
Ending balance, shares at Jun. 30, 2020	43,541,139

XML

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net loss	$ (180,719)	$ (87,534)
Adjustments to reconcile net loss to net cash used in operations:
Depreciation expense	1,745	1,742
Amortization expense	306	306
Stock-based compensation	7,334	13,338
Change in assets and liabilities:
Accounts receivable		(50,879)
Prepaid expense	(2,174)	(3,448)
Accounts payable and accrued expenses	14,318	34,669
Accounts payable and accrued expenses - related party	75,976	157,640
Deferred revenue	(1,189)	(143,898)
Net cash used in operating activities	(84,404)	(78,064)
Cash flows from financing activities:
Proceeds from related party loans and advances	57,989	85,872
Proceeds from loan	20,800
Net cash provided by financing activities	78,789	85,872
Net increase in cash	(5,615)	7,808
Cash at beginning of period	8,267	2,434
Cash at end of period	2,652	10,242
Cash paid for interest
Cash paid for taxes
Non-cash investing and financing activities:
Conversion of related party debt to common stock	$ 257,916	$ 314,114

XML

Nature of Operations

6 Months Ended

Jun. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Nature of Operations

NOTE 1 – NATURE OF OPERATIONS

Company Background

Altitude International, Inc. (the “Company,” “we,” “us,” “our,” or “Altitude-NY”), was incorporated in the State of New York on July 13, 1994 as “Titan Computer Services, Inc.”

On June 27, 2017, the Company successfully closed a Share Exchange transaction (the “Share Exchange”) with the shareholders of Altitude International, Inc. (“Altitude”), a Wisconsin corporation. Altitude was incorporated on May 18, 2017 under the laws of the state of Wisconsin and has been operating as a wholly owned subsidiary of Altitude-NY since the Share Exchange. Altitude operates through Northern, Central, and South America sales to execute the current business plan of athletic training industry, specifically altitude training. Our objective is to be recognized as one of the upper tier specialty altitude training equipment providers in the Americas.

On February 13, 2018, the majority of the shareholders of the Company approved the amendment to the Articles of Incorporation to change the Company’s name from “Titan Computer Services, Inc.” to “Altitude International, Inc.” The purpose of the name change was to help further our brand identity and will reflect the major focus of our business operations, the manufacturing and distribution of products in the athletic training industry, specifically altitude training.

On February 14, 2020, the majority of shareholders of the Company and the Board of Directors authorized a change in the Company’s name to “Altitude International Holdings, Inc.” to reflect more diversified operations going forward. The Articles of Amendment finalizing this name change have not yet been filed by the Company.

On April 24, 2020, the Company formed a wholly owned subsidiary in Wisconsin called “Altitude Sports Management Corp.,” an entity that will providing fully integrated wealth, health, and career management services to its clients.

Nature of Operations

The product designs to be licensed from Sporting Edge UK, Ltd (“Sporting Edge UK”) are proven and cover a wide range of room sizes. The only requirement is to change from metric to imperial sizes where necessary.

There are three unique elements to the Altitude product:

● Sophisticated Touch Screen control systems capable of integrating the control of simulated altitude, temperature and humidity.

● A unique design of Air Separation Unit with only a single active part that provides for ultra-reliable operation and a design life of greater than fifteen years.

● Proven training protocols that allow the desired training benefits to be achieved.

Recapitalization of Altitude

On June 27, 2017, the Company entered into a share exchange transaction with Altitude which resulted in a change of control of the Company. Pursuant to the terms of the Share Exchange, the Company agreed to issue 6,102,000 shares of its common stock to all the individual shareholders of Altitude on a pro rata basis (one to one share exchange). In exchange for this stock issuance, the Company received 100% of the outstanding shares of Altitude. Following this Share Exchange, Altitude became a wholly owned subsidiary of Titan. There was a cancellation of 14,700,000 shares of common stock of the Company that was held by the Company’s former majority stockholder as part of the share exchange agreement, which all had a net effect of a decrease of 8,598,000 shares in the Company’s outstanding shares. The business, assets and liabilities of the Company changed as a result of this reverse acquisition to Altitude’s business plan.

This share exchange transaction resulted in those shareholders obtaining a majority voting interest in –the Company and control of the Board of Directors of the Company. Generally accepted accounting principles require that the Company whose shareholders retain the majority interest and control in a combined business be treated as the acquirer for accounting purposes, resulting in a reverse acquisition with Altitude as the accounting acquirer and the Company as the acquired party. Accordingly, the share exchange transaction has been accounted for as a recapitalization of Altitude, whereby is deemed to be the continuing, surviving entity for accounting purposes but through reorganization, has deemed to have adopted the capital structure of Altitude - NY. The equity section of the accompanying condensed consolidated financial statements has been restated to reflect the recapitalization of the Company due to the reverse acquisition.

Accordingly, all references to common shares of Altitude’s common stock have been restated to reflect the equivalent number of the Company’s common shares. In other words, the 6,102,000 Altitude shares outstanding at the time of the share exchange are restated to 21,228,659 common shares (prior to the 500,000 common share capital raise mentioned below that was conducted after the share exchange agreement), as of June 27, 2017. Each share of Altitude is accordingly restated at a multiple of approximately 3.48 shares of the Company for the weighted average shares outstanding for the loss per share calculations in the accompanying condensed consolidated statement of operations.

The book value of the net assets that for accounting purposes, were deemed to have been acquired by Altitude from the Company, as of the date of acquisition (June 27, 2017) were $0, after the waiver of all debts from officers and third parties.

A condition to the closing of the Share Exchange Agreement was raising $100,000 in the Company. On June 27, 2017, the Company issued 500,000 shares of its common stock to an accredited investor pursuant to a Subscription Agreement for $100,000, or $0.20 per share which was kept at escrow account. During the recapitalization, the Company incurred legal fees of $12,500 which was paid through the attorney’s escrow account and recorded as transaction costs which were netted against the $100,000 proceeds.

Altitude International, Inc.

Altitude International, Inc. (“Altitude”) was incorporated on May 18, 2017 under the laws of the state of Wisconsin with 100,000,000 authorized common stock with $0.001 par value. On May 18, 2017, 6,102,000 shares of common stock at $0.001 (par) were issued as founder shares, valued at a total of $6,102 to 15 individuals. These shares were issued for future potential services from these various individuals and as of the date of this issuance, no value was placed on these future potential services and were therefore recorded at par value as stock-based compensation to the founders.

On June 27, 2017, after the closing of certain Stock Purchase Agreements, in private sale transaction and the Share Exchange Agreement, a change of control of the Company occurred and the new operational focus of the Company commenced. See Notes 6 and 8.

Altitude will operate through Northern, Central, and South America sales to execute the current business plan of athletic training industry, specifically altitude training. Our objective is to be recognized as one of the upper tier specialty altitude training equipment providers.

Changes in Management and the Board of Directors

On January 25, 2019, Robert Kanuth (“Kanuth”) was appointed as the Company’s new CEO and David Vincent resigned as CEO and was appointed as the Company’s Chief Technology Officer.

On June 27, 2019, Greg Anthony and Peter Sandore were elected to serve on the Board of Directors.

On August 20, 2019, Dave Vincent resigned as a director and CTO of the Company.

On September 19, 2019, Greg Anthony was appointed as President of the Company.

XML

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2020

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The Company follows the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America and has a year-end of December 31.

Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented.

The unaudited condensed financial statements of the Company for the six month periods ended June 30, 2020 and 2019 have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Regulation S-X. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. However, such information reflects all adjustments (consisting solely of normal recurring adjustments), which are, in the opinion of management, necessary for the fair presentation of the financial position and the results of operations. Results shown for interim periods are not necessarily indicative of the results to be obtained for a full fiscal year. The balance sheet information as of December 31, 2019 was derived from the audited financial statements included in the Company’s financial statements as of and for the year ended December 31, 2019 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 30, 2020. These financial statements should be read in conjunction with that report.

Going Concern and Liquidity

We have incurred recurring losses since inception and expect to continue to incur losses as a result of legal and professional fees and our corporate general and administrative expenses. At June 30, 2020, we had $2,652 in cash. Our net losses incurred for the six months ended June 30, 2020 were $180,719 and working capital deficit was $325,586 at June 30, 2020. As a result, there is substantial doubt about our ability to continue as a going concern. In the event that we are unable to generate sufficient cash from our operating activities or raise additional funds, we may be required to delay, reduce or severely curtail our operations or otherwise impede our on-going business efforts, which could have a material adverse effect on our business, operating results, financial condition and long-term prospects. The Company expects to seek to obtain additional funding through increased revenues and future financings. There can be no assurance as to the availability or terms upon which such financing and capital might be available.

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Altitude. All significant intercompany balances and transactions have been eliminated in the consolidation. The consolidated financial statements included herein, presented in accordance with United States generally accepted accounting principles (“GAAP”) and stated in United States dollars, have been prepared by the Company, pursuant to the rules and regulations of the Securities and Exchange Commission.

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 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

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.

Intangible Assets

Costs incurred to file patent applications and acquired intangibles are capitalized when the Company believes that there is a high likelihood that the patent will be issued and there will be future economic benefit associated with the patent. These costs will be amortized on a straight-line basis over a 20 years life from the date of patent filing. All costs associated with abandoned patent applications are expensed. In addition, the Company will review the carrying value of patents for indicators of impairment on a periodic basis and if it determines that the carrying value is impaired, it values the patent at fair value. As of June 30, 2020, carrying value of patent was $10,447.

In accordance with the provisions of the applicable authoritative guidance, the Company’s long-lived assets and amortizable intangible assets are tested for impairment whenever events or changes in circumstances indicate that their carrying value may not be recoverable. The Company assesses the recoverability of such assets by determining whether their carrying value can be recovered through undiscounted future operating cash flows, including its estimates of revenue driven by assumed market segment share and estimated costs. If impairment is indicated, the Company measures the amount of such impairment by comparing the fair value to the carrying value. The amortization of the trademark was not significant for the period ended June 30, 2020.

Recent Accounting Pronouncements

Recently Issued Accounting Standards: Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.

XML

Intangible Assets - Trademark

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets - Trademark

NOTE 3 – INTANGIBLE ASSETS - TRADEMARK

The Company has intangible assets related to a trademark. The amortization of the intangible asset is over a twenty-year period. As of June 30, 2020, and December 31, 2019, the Company had intangible assets, net of accumulated amortization, of $10,447 and $10,753, respectively. The intangible assets are as follows:

	June 30,		December 31,
	2020		2019
Trademark	$	12,284	$	12,284
Total intangible assets		12,284		12,284
Less: Accumulated amortization		1,837		1,531
Intangible assets, net	$	10,447	$	10,753

Amortization expense of the trademark for the six months ended June 30, 2020 and 2019 were $306 and $153, respectively.

XML

Notes Payable

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Notes Payable

NOTE 4 – NOTES PAYABLE

Note payable
	June 30, 2020						December 31, 2019
			Accrued						Accrued
	Principal		Interest		Total		Principal		Interest		Total
David Vincent	$	-	$	-	$	-	$	20,000	$	3,595	$	23,595
David Vincent		-		-		-		40,000		6,707		46,707
Joseph B. Frost		40,000		16,696		56,696		40,000		4,252		44,252
Joseph B. Frost		500		56		556		500		6		506
Joseph B. Frost		10,000		3,346		13,346		10,000		833		10,833
Joseph B. Frost		13,000		4,272		17,272		13,000		1,012		14,012
David Vincent		-		-		-		5,000		48		5,048
David Vincent		-		-		-		15,000		26		15,026
Robert Kanuth		-		-		-		-		-		-
Robert Kanuth		-		-		-		-		-		-
Robert Kanuth		-		92		92		-		-		-
Robert Kanuth		-		1		1		-		-		-
Total	$	63,500	$	24,463	$	87,963	$	143,500	$	16,479	$	159,979

On March 2, 2018, Frost, a director, loaned the Company $40,000 in the form of a promissory note. The note bears interest of 20% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. As of June 30, 2020, this note is in default and the accrued interest was $18,691, and the principal balance was $40,000.

On July 30, 2018, Frost, a director, loaned the Company $10,000 in the form of a promissory note. The note bears interest of 20% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. As of June 30, 2020, the accrued interest was $3,845, the principal balance was $10,000, and the note is in default.

On August 10, 2018, Frost, a director, loaned the Company $13,000 in the form of a promissory note. The note bears interest of 20% and has the term of six months, at which time all principal and interest will be paid in a balloon payment. As of June 30, 2020, this note is in default and the accrued interest was $4,920, the principal balance was $13,000, and the note is in default.

On November 5, 2018, Frost, a director, loaned the Company $500 in the form of a promissory note. The note bears interest of 8% and has the term of six months, at which time all principal and interest will be paid in a balloon payment. As of June 30, 2020, the accrued interest was $66, and the principal balance was $500.

On January 24, 2019, Kanuth, an officer and director, loaned the Company $11,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On July 15, 2019, the principal of $11,000 and accrued interest of $319 was converted into common stock of the Company. On April 7, 2020, the accrued interest balance was converted into common stock of the Company (see Note 7).

On February 4, 2019, Kanuth, an officer and director, loaned the Company $13,197 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On July 15, 2019, the principal of $13,197 was converted into common stock of the Company. On April 7, 2020, the accrued interest balance was converted into common stock of the Company (see Note 7).

On February 4, 2019, Kanuth, an officer and director, loaned the Company $5,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On July 15, 2019, the principal of $5,000 was converted into common stock of the Company. On April 7, 2020, the accrued interest balance was converted into common stock of the Company (see Note 7).

On April 30, 2019, Kanuth, an officer and director, loaned the Company $6,514 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On May 23, 2019, Kanuth, an officer and director, loaned the Company $6,544 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On August 13, 2019, Kanuth, an officer and director, loaned the Company $10,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On September 5, 2019, Kanuth, an officer and director, loaned the Company $20,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On September 16, 2019, Kanuth, an officer and director, loaned the Company $10,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On October 16, 2019, Kanuth, an officer and director, loaned the Company $30,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On October 31, 2019, Kanuth, an officer and director, loaned the Company $8,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On November 8, 2019, Kanuth, an officer and director, loaned the Company $70,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 8).

On November 25, 2019, Kanuth, an officer and director, loaned the Company $9,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On December 17, 2019, Kanuth, an officer and director, loaned the Company $20,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On January 3, 2020, Kanuth, an officer and director, loaned the Company $10,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On February 8, 2020, Kanuth, an officer and director, loaned the Company $4,860 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On February 26, 2020, Kanuth, an officer and director, loaned the Company $10,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On March 18, 2020, Kanuth, an officer and director, loaned the Company $30,000 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. n April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On March 31, 2020, Kanuth, an officer and director, loaned the Company $3,129 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. On April 7, 2020, the balance was converted into common stock of the Company (see Note 7).

On April 9, 2020, Kanuth, an officer and director, loaned the Company $1,500 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. As of June 30, 2020, the principal balance was $1,500 and the accrued interest was $27.

On April 15, 2020, Kanuth, an officer and director, loaned the Company $4,200 in the form of a promissory note. The note bears interest of 8% and has the term of one year, at which time all principal and interest will be paid in a balloon payment. As of June 30, 2020, the principal balance was $4,200 and the accrued interest was $71.

On May 5, 2020, the Company received $20,800 in the form of a loan through the CARES Act Paycheck Protection Program. The balance at June 30, 2020 was $20,800.

XML

Commitments and Contingencies

6 Months Ended

Jun. 30, 2020

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 5 – COMMITMENTS AND CONTINGENCIES

The Company is subject, from time to time, to claims by third parties under various legal disputes. The defense of such claims, or any adverse outcome relating to any such claims, could have a material adverse effect on the Company’s liquidity, financial condition and cash flows. As of May 13, 2020, the Company did not have any legal actions pending against it.

On June 27, 2017, Altitude entered a license agreement with Sporting Edge UK (see Note 1), Sporting Edge UK is the sole and exclusive owner of and has the right to license to licensee the ability to manufacture and sell rights to the full range of membrane-based systems for the production of reduced oxygen environments and associated services as well as the use of patents and trademarks held by Sporting Edge UK or Vincent.

On January 24, 2019, Altitude and Sporting Edge UK entered into a Revised Licensing Agreement that grants a license to Altitude to use Sporting Edge UK’s proprietary technology related to properly engineered, membrane-based designs for simulated altitude training equipment. The annual license fee under the revised agreement is $1.00 per year. The product line ranges from personal at home use machines to fully integrated environmental rooms and chambers. Altitude has the licensing rights to use all technology to manufacture the products and to sell them (directly or through distributors) in the following territories:

● The Continent of North America, Central America, The Continent of South America.

● Other territories as may be agreed from time to time, on a temporary or permanent basis.

All amounts due under the 2017 license agreement were waived, as were all royalty fees.

XML

Related Party Transactions

6 Months Ended

Jun. 30, 2020

Related Party Transactions [Abstract]

Related Party Transactions

NOTE 6 – RELATED PARTY TRANSACTIONS

As of December 31, 2019, and June 30, 2020, the balance due to our former CEO, David Vincent, was recorded under stockholder’s advance of $36,211 and $36,211, respectively, which is a verbal agreement, non-interest bearing, unsecured and payable on demand. On February 9, 2018, the Board of Directors changed the arrangement whereas the advance would begin accruing interest at the rate of 20%. The Company had accrued expenses to David Vincent, as of December 31, 2018 of $57,948 which were converted into common stock on January 10, 2019.

Altitude has an oral agreement with its Chairman of the Board and current CEO, Robert Kanuth, in which it will provide for reimbursement of private airline travel expenses incurred on behalf of the Company, for his use of an aircraft in which he has an interest in.. The remuneration package for the Chairman is currently under negotiation as are the terms and validity of a purported agreement between the Chairman and the Company’s CEO regarding shares to be transferred from the CEO to the Chairman upon sales milestones being reached. The Company and its subsidiaries were not parties to the purported agreement, and their property is not the subject of the purported agreement.

XML

Stockholders' Equity

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Stockholders' Equity

NOTE 7 – STOCKHOLDERS’ EQUITY

Preferred Stock

On February 5, 2015, the Board of Directors of the Company authorized 5,000,000 shares of preferred stock with no par value. Each share of the preferred stock is entitled to one vote and is convertible into one share of common stock.

As of June 30, 2020, and December 31, 2019, the Company has no preferred stock issued and outstanding.

Common Stock

Altitude was incorporated on May 18, 2017 under the laws of the state of Wisconsin with 100,000,000 authorized common stock with $0.001 par value. The shareholders have one vote per share of common stock.

After the closing of certain Stock Purchase Agreements, in private sale transaction and the Share Exchange Agreement, the Company’s common stock had no par value and is registered in New York.

On January 1, 2020, the Company was contractually obligated to issue its legal counsel 12,500 shares of common stock for legal work for January 2020. The common stock of the Company is thinly traded and had a value of $0.0401 per share, therefore the Company recorded the transaction at $501.

On February 1, 2020, the Company was contractually obligated to issue its legal counsel 12,500 shares of common stock for legal work for February 2020. The common stock of the Company is thinly traded and had a value of $0.07 per share, therefore the Company recorded the transaction at $875.

On March 1, 2020, the Company was contractually obligated to issue its legal counsel 12,500 shares of common stock for legal work for March 2020. The common stock of the Company is thinly traded and had a value of $0.04 per share, therefore the Company recorded the transaction at $500.

On April 1, 2020, the Company was contractually obligated to issue its legal counsel 12,500 shares of common stock for legal work for April 2020. The common stock of the Company is thinly traded and had a value of $0.025 per share, therefore the Company recorded the transaction at $313.

On April 7, 2020, Kanuth converted $257,916 of notes and accrued interest into 7,390,144 shares of common stock of the Company, at the current market price of $0.345.

On May 1, 2020, the Company was contractually obligated to issue its legal counsel 12,500 shares of common stock for legal work for May 2020. The common stock of the Company is thinly traded and had a value of $0.051 per share, therefore the Company recorded the transaction at $638.

On June 1, 2020, the Company was contractually obligated to issue its legal counsel 12,500 shares of common stock for legal work for June 2020. The common stock of the Company is thinly traded and had a value of $0.047 per share, therefore the Company recorded the transaction at $588.

As of June 30, 2020, and December 31, 2019, the Company has 43,541,139 and 36,075,995 shares of no par common stock issued, issuable, and outstanding.

Stock Option Plan

On February 13, 2018, the Company’s shareholders and Board of Directors approved the 2017 Incentive Stock Plan.

On January 25, 2019, the Company issued 250,000 options to Vincent. The options vest at a rate of 25% every six months after the grant date and expire upon termination of employment. The exercise price is $0.077. The Black-Scholes calculation valued the options at $15,809, or $0.06 per share. As of June 30, 2020, $5,392 was amortized. These options expired three months following Vincent’s resignation because they were not exercised prior to that time.

On January 25, 2019, the Company issued 250,000 options to Frost. The options vest at a rate of 25% every six months after the grant date and expire upon termination of employment. The exercise price is $0.077. The Black-Scholes calculation valued the options at $15,809, or $0.06 per share. As of June 30, 2020, $16,697 was amortized.

XML

Subsequent Events

6 Months Ended

Jun. 30, 2020

Subsequent Events [Abstract]

Subsequent Events

NOTE 8 – SUBSEQUENT EVENTS

On July 1, 2020, the Company was contractually obligated to issue its legal counsel 12,500 shares of common stock for legal work for July 2020. The common stock of the Company is thinly traded and had a value of $0.03 per share, therefore the Company recorded the transaction at $375.

On August 1, 2020, the Company was contractually obligated to issue its legal counsel 12,500 shares of common stock for legal work for August 2020. The common stock of the Company is thinly traded and had a value of $0.03 per share, therefore the Company recorded the transaction at $375.

XML

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2020

Accounting Policies [Abstract]

Basis of Presentation

Basis of presentation

The Company follows the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America and has a year-end of December 31.

Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented.

The unaudited condensed financial statements of the Company for the six month periods ended June 30, 2020 and 2019 have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Regulation S-X. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. However, such information reflects all adjustments (consisting solely of normal recurring adjustments), which are, in the opinion of management, necessary for the fair presentation of the financial position and the results of operations. Results shown for interim periods are not necessarily indicative of the results to be obtained for a full fiscal year. The balance sheet information as of December 31, 2019 was derived from the audited financial statements included in the Company’s financial statements as of and for the year ended December 31, 2019 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 30, 2020. These financial statements should be read in conjunction with that report.

Going Concern and Liquidity

Going Concern and Liquidity

We have incurred recurring losses since inception and expect to continue to incur losses as a result of legal and professional fees and our corporate general and administrative expenses. At June 30, 2020, we had $2,652 in cash. Our net losses incurred for the six months ended June 30, 2020 were $180,719 and working capital deficit was $325,586 at June 30, 2020. As a result, there is substantial doubt about our ability to continue as a going concern. In the event that we are unable to generate sufficient cash from our operating activities or raise additional funds, we may be required to delay, reduce or severely curtail our operations or otherwise impede our on-going business efforts, which could have a material adverse effect on our business, operating results, financial condition and long-term prospects. The Company expects to seek to obtain additional funding through increased revenues and future financings. There can be no assurance as to the availability or terms upon which such financing and capital might be available.

Principles of Consolidation

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Altitude. All significant intercompany balances and transactions have been eliminated in the consolidation. The consolidated financial statements included herein, presented in accordance with United States generally accepted accounting principles (“GAAP”) and stated in United States dollars, have been prepared by the Company, pursuant to the rules and regulations of the Securities and Exchange Commission.

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 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

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.

Intangible Assets

Intangible Assets

Costs incurred to file patent applications and acquired intangibles are capitalized when the Company believes that there is a high likelihood that the patent will be issued and there will be future economic benefit associated with the patent. These costs will be amortized on a straight-line basis over a 20 years life from the date of patent filing. All costs associated with abandoned patent applications are expensed. In addition, the Company will review the carrying value of patents for indicators of impairment on a periodic basis and if it determines that the carrying value is impaired, it values the patent at fair value. As of June 30, 2020, carrying value of patent was $10,447.

In accordance with the provisions of the applicable authoritative guidance, the Company’s long-lived assets and amortizable intangible assets are tested for impairment whenever events or changes in circumstances indicate that their carrying value may not be recoverable. The Company assesses the recoverability of such assets by determining whether their carrying value can be recovered through undiscounted future operating cash flows, including its estimates of revenue driven by assumed market segment share and estimated costs. If impairment is indicated, the Company measures the amount of such impairment by comparing the fair value to the carrying value. The amortization of the trademark was not significant for the period ended June 30, 2020.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

Recently Issued Accounting Standards: Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.

XML

Intangible Assets - Trademark (Tables)

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

The intangible assets are as follows:

	June 30,		December 31,
	2020		2019
Trademark	$	12,284	$	12,284
Total intangible assets		12,284		12,284
Less: Accumulated amortization		1,837		1,531
Intangible assets, net	$	10,447	$	10,753

XML

Notes Payable (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Notes Payable

Note payable
	June 30, 2020						December 31, 2019
			Accrued						Accrued
	Principal		Interest		Total		Principal		Interest		Total
David Vincent	$	-	$	-	$	-	$	20,000	$	3,595	$	23,595
David Vincent		-		-		-		40,000		6,707		46,707
Joseph B. Frost		40,000		16,696		56,696		40,000		4,252		44,252
Joseph B. Frost		500		56		556		500		6		506
Joseph B. Frost		10,000		3,346		13,346		10,000		833		10,833
Joseph B. Frost		13,000		4,272		17,272		13,000		1,012		14,012
David Vincent		-		-		-		5,000		48		5,048
David Vincent		-		-		-		15,000		26		15,026
Robert Kanuth		-		-		-		-		-		-
Robert Kanuth		-		-		-		-		-		-
Robert Kanuth		-		92		92		-		-		-
Robert Kanuth		-		1		1		-		-		-
Total	$	63,500	$	24,463	$	87,963	$	143,500	$	16,479	$	159,979

XML

Nature of Operations (Details Narrative)									3 Months Ended		6 Months Ended
	Jun. 01, 2020 USD ($) shares	May 01, 2020 USD ($) shares	Apr. 02, 2020 USD ($) shares	Mar. 01, 2020 USD ($) shares	Feb. 02, 2020 USD ($) shares	Jan. 02, 2020 USD ($) shares	Jun. 27, 2017 USD ($) $ / shares shares	Jun. 12, 2017 USD ($) Integer $ / shares shares	Jun. 30, 2020 shares	Jun. 30, 2019 shares	Jun. 30, 2020 shares	Jun. 30, 2019 shares	Dec. 31, 2019 shares	May 18, 2017 $ / shares shares
Number of common stock shares issued	12,500	12,500	12,500	12,500	12,500	12,500
Share exchange basis							Each share of Altitude is accordingly restated at a multiple of approximately 3.48 shares of the Company for the weighted average shares outstanding for the loss per share calculations in the accompanying condensed consolidated statement of operations.
Shares outstanding percentage							100.00%
Weighted average number of shares of common stock							3.48		42,947,254	28,820,605	39,530,169	28,182,155
Number of common stock shares issued, value | $	$ 588	$ 638	$ 313	$ 500	$ 875	$ 501
Legal fees | $							$ 12,500
Proceeds from issuance common stock | $							$ 100,000
Common stock, shares authorized									70,000,000		70,000,000		70,000,000	100,000,000
Common stock, par value | $ / shares														$ 0.001
Share Exchange Agreemement [Member]
Number of common stock shares issued							500,000
Common Stock [Member]
Number of common stock shares issued							21,228,659
Cancellation of shares							14,700,000
Increase (decrease) in shares outstanding							8,598,000
Number of common stock shares issued, value | $							$ 100,000
Individual Shareholders [Member]
Number of common stock shares issued							6,102,000
Share exchange basis							One to one share exchange
Officers and Third Parties [Member]
Noncash or part noncash acquisition, value of assets acquired | $							$ 0
Investor [Member] | Subscription Agreemement [Member]
Number of common stock shares issued							500,000
Number of common stock shares issued, value | $							$ 100,000
Share price | $ / shares							$ 0.20
15 Individuals [Member]
Number of common stock shares issued								6,102,000
Number of common stock shares issued, value | $								$ 6,102
Common stock, par value | $ / shares								$ 0.001
Number of individuals issued shares | Integer								15

XML

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Accounting Policies [Abstract]
Cash	$ 2,652				$ 2,652
Net loss	(74,691)	$ (106,028)	$ (37,649)	$ (49,885)	(180,719)	$ (87,534)
Working capital	(325,586)				$ (325,586)
Amortized intangible asset, useful life					20 years
Carrying value of patent	$ 10,447				$ 10,447

XML

Intangible Assets - Trademark (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible asset amortization period	20 years
Intangible assets, net	$ 10,447		$ 10,753
Amortization expense	$ 306	$ 153

XML

Intangible Assets - Trademark - Schedule of Intangible Assets (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Total intangible assets	$ 12,284	$ 12,284
Less: Accumulated amortization	1,837	1,531
Intangible assets, net	10,447	10,753
Trademark [Member]
Total intangible assets	$ 12,284	$ 12,284

XML

Notes Payable (Details Narrative) - USD ($)																								6 Months Ended	12 Months Ended
	May 05, 2020	Apr. 15, 2020	Apr. 09, 2020	Mar. 31, 2020	Mar. 18, 2020	Feb. 26, 2020	Feb. 08, 2020	Jan. 03, 2020	Dec. 17, 2019	Nov. 25, 2019	Nov. 08, 2019	Oct. 31, 2019	Oct. 16, 2019	Sep. 16, 2019	Sep. 05, 2019	May 23, 2019	Apr. 30, 2019	Feb. 04, 2019	Jan. 24, 2019	Nov. 05, 2018	Aug. 10, 2018	Jul. 30, 2018	Mar. 02, 2018	Jun. 30, 2020	Aug. 13, 2020	Aug. 13, 2019	Jul. 15, 2019
CARES Act Paycheck Protection Program [Member]
Proceeds from loan	$ 20,800																							$ 20,800
Joseph B. Frost [Member]
Notes payable																							$ 40,000
Debt instrument, interest rate																							20.00%
Debt instrument, term																							1 year
Accrued interest																								18,691
Debt instrument, face amount																								40,000
Joseph B. Frost One [Member]
Notes payable																						$ 10,000
Debt instrument, interest rate																						20.00%
Debt instrument, term																						1 year
Accrued interest																								3,845
Debt instrument, face amount																								10,000
Joseph B. Frost Two [Member]
Notes payable																					$ 13,000
Debt instrument, interest rate																					20.00%
Debt instrument, term																					6 months
Accrued interest																								4,920
Debt instrument, face amount																								13,000
Joseph B. Frost Three [Member]
Notes payable																				$ 500
Debt instrument, interest rate																				8.00%
Debt instrument, term																				6 months
Accrued interest																								66
Debt instrument, face amount																								500
Robert Kanuth [Member]
Notes payable																			$ 11,000
Debt instrument, interest rate																			8.00%
Debt instrument, term																			1 year
Accrued interest																											$ 319
Debt instrument, face amount																											11,000
Robert Kanuth One [Member]
Notes payable																		$ 13,197
Debt instrument, interest rate																		8.00%
Debt instrument, term																		1 year
Debt instrument, face amount																											13,197
Robert Kanuth Two [Member]
Notes payable																		$ 5,000
Debt instrument, interest rate																		8.00%
Debt instrument, term																		1 year
Debt instrument, face amount																											$ 5,000
Robert Kanuth Three [Member]
Notes payable																	$ 6,514
Debt instrument, interest rate																	8.00%
Debt instrument, term																	1 year
Robert Kanuth Four [Member]
Notes payable																$ 6,544
Debt instrument, interest rate																8.00%
Debt instrument, term																1 year
Robert Kanuth Five [Member]
Notes payable																										$ 10,000
Debt instrument, interest rate																										8.00%
Debt instrument, term																									1 year
Robert Kanuth Six [Member]
Notes payable															$ 20,000
Debt instrument, interest rate															8.00%
Debt instrument, term															1 year
Robert Kanuth Seven [Member]
Notes payable														$ 10,000
Debt instrument, interest rate														8.00%
Debt instrument, term														1 year
Robert Kanuth Eight [Member]
Notes payable													$ 30,000
Debt instrument, interest rate													8.00%
Debt instrument, term													1 year
Robert Kanuth Nine [Member]
Notes payable												$ 8,000
Debt instrument, interest rate												8.00%
Debt instrument, term												1 year
Robert Kanuth Ten [Member]
Notes payable											$ 70,000
Debt instrument, interest rate											8.00%
Debt instrument, term											1 year
Robert Kanuth Eleven [Member]
Notes payable										$ 9,000
Debt instrument, interest rate										8.00%
Debt instrument, term										1 year
Robert Kanuth Twelve [Member]
Notes payable									$ 20,000
Debt instrument, interest rate									8.00%
Debt instrument, term									1 year
Robert Kanuth Thirteen [Member]
Notes payable								$ 10,000
Debt instrument, interest rate								8.00%
Debt instrument, term								1 year
Robert Kanuth Fourteen [Member]
Notes payable							$ 4,860
Debt instrument, interest rate							8.00%
Debt instrument, term							1 year
Robert Kanuth Fifteen [Member]
Notes payable						$ 10,000
Debt instrument, interest rate						8.00%
Debt instrument, term						1 year
Robert Kanuth Sixteen [Member]
Notes payable					$ 30,000
Debt instrument, interest rate					8.00%
Debt instrument, term					1 year
Robert Kanuth Seventeen [Member]
Notes payable				$ 3,129
Debt instrument, interest rate				8.00%
Debt instrument, term				1 year
Robert Kanuth Eighteen [Member]
Notes payable			$ 1,500
Debt instrument, interest rate			8.00%
Debt instrument, term			1 year
Accrued interest																								27
Debt instrument, face amount																								1,500
Robert Kanuth Nineteen [Member]
Notes payable		$ 4,200
Debt instrument, interest rate		8.00%
Debt instrument, term		1 year
Accrued interest																								71
Debt instrument, face amount																								$ 4,200

XML

Notes Payable - Schedule of Notes Payable (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Principal	$ 69,200	$ 253,558
Accrued interest	24,463	16,479
Total	20,800
Note Payable #1 [Member] | David Vincent [Member]
Principal		20,000
Accrued interest		3,595
Total		23,595
Note Payable #2 [Member] | David Vincent [Member]
Principal		40,000
Accrued interest		6,707
Total		46,707
Note Payable #3 [Member] | Joseph B. Frost [Member]
Principal	40,000	40,000
Accrued interest	16,696	4,252
Total	56,696	44,252
Note Payable #4 [Member] | Joseph B. Frost [Member]
Principal	500	500
Accrued interest	56	6
Total	556	506
Note Payable #5 [Member] | Joseph B. Frost [Member]
Principal	10,000	10,000
Accrued interest	3,346	833
Total	13,346	10,833
Note Payable #6 [Member] | Joseph B. Frost [Member]
Principal	13,000	13,000
Accrued interest	4,272	1,012
Total	17,272	14,012
Note Payable #7 [Member] | David Vincent [Member]
Principal		5,000
Accrued interest		48
Total		5,048
Note Payable #8 [Member] | David Vincent [Member]
Principal		15,000
Accrued interest		26
Total		15,026
Note Payable #9 [Member] | Robert Kanuth [Member]
Principal
Accrued interest
Total
Note Payable #10 [Member] | Robert Kanuth [Member]
Principal
Accrued interest
Total
Note Payable #11 [Member] | Robert Kanuth [Member]
Principal
Accrued interest	92
Total	92
Note Payable #12 [Member] | Robert Kanuth [Member]
Principal
Accrued interest	1
Total	$ 1

XML

Commitments and Contingencies (Details Narrative)	Jan. 24, 2019
Revised Licensing Agreement [Member]
Annual license fee, description	The annual license fee under the revised agreement is $1.00 per year.

XML

Related Party Transactions (Details Narrative) - USD ($)	Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018	Feb. 09, 2018
David Vincent [Member]
Stockholder's advance	$ 36,211	$ 36,211
Accrued expenses			$ 57,948
Board of Directors [Member]
Interest rate				20.00%

XML

Stockholders' Equity (Details Narrative) - USD ($)	Jun. 01, 2020	May 01, 2020	Apr. 07, 2020	Apr. 02, 2020	Mar. 01, 2020	Feb. 02, 2020	Jan. 02, 2020	Jan. 25, 2019	May 18, 2017	Feb. 05, 2015	Jun. 30, 2020	Dec. 31, 2019
Preferred stock, shares authorized											5,000,000	5,000,000
Preferred stock, no par value
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, shares authorized									100,000,000		70,000,000	70,000,000
Common stock, par value									$ 0.001
Common stock voting rights description									The shareholders have one vote per share of common stock.
Number of common stock shares issued	12,500	12,500		12,500	12,500	12,500	12,500
Number of common stock shares issued, value	$ 588	$ 638		$ 313	$ 500	$ 875	$ 501
Common stock, shares issued											43,541,139	36,075,995
Common stock, shares outstanding											43,541,139	36,075,995
Shares issued price per share	$ 0.047	$ 0.051		$ 0.025	$ 0.04	$ 0.07	$ 0.0401
Board of Directors [Member]
Preferred stock, shares authorized										5,000,000
Preferred stock, no par value
Preferred stock voting rights description										Each share of the preferred stock is entitled to one vote and is convertible into one share of common stock.
Robert Kanuth [Member]
Conversion of promissory notes, accounts payable and accrued interest in shares			$ 257,916
Conversion of promissory notes, accounts payable and accrued interest in shares, shares			7,390,144
Markert price			$ 0.345
Vincent [Member]
Markert price
Stock options issued								250,000
Stock options, description								25% every six months after the grant date and expire upon termination of employment.
Exercise price								$ 0.077
Fair value of options								$ 15,809
Amortization											$ 5,392
Frost [Member]
Markert price
Stock options issued								250,000
Stock options, description								25% every six months after the grant date and expire upon termination of employment.
Exercise price								$ 0.077
Fair value of options								$ 15,809
Amortization											$ 9,334

XML

Subsequent Events (Details Narrative) - USD ($)	Aug. 01, 2020	Jul. 01, 2020	Jun. 01, 2020	May 01, 2020	Apr. 02, 2020	Mar. 01, 2020	Feb. 02, 2020	Jan. 02, 2020
Number of common stock shares issued			12,500	12,500	12,500	12,500	12,500	12,500
Number of common stock shares issued, value			$ 588	$ 638	$ 313	$ 500	$ 875	$ 501
Shares issued price per share			$ 0.047	$ 0.051	$ 0.025	$ 0.04	$ 0.07	$ 0.0401
Subsequent Event [Member]
Number of common stock shares issued	12,500	12,500
Number of common stock shares issued, value	$ 375	$ 375
Shares issued price per share	$ 0.03	$ 0.03