Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Schedule of Fair Value of Assets And Liabilities

Assets and liabilities measured at fair value at June 30, 2023 and December 31, 2022 are as follows:

	June 30, 2023
	Level 1		Level 2		Level 3		Total
Assets
Investments	$	6		477,400	$	65,000	$	542,406
Total Assets	$	6	$	477,400	$	65,000	$	542,406
Liabilities
Derivative liabilities	$	-			$	918,158	$	918,158
Total	$	-	$	-	$	918,158	$	918,158

	December 31, 2022
	Level 1		Level 2		Level 3		Total
Assets
Investments	$	75,006			$	65,000	$	140,006
Total Assets	$	75,006	$	-	$	65,000	$	140,006
Liabilities
Derivative liabilities	$	-			$	981,766	$	981,766
Total	$	-	$	-	$	981,766	$	981,766

Schedule of Concentration of Risk Percentage

	Six Months Ended			Year Ended
Customer	June 30, 2023			December 31, 2022
A		18	%		22	%
B		12	%		16	%
Total		30	%		38	%

Schedule of Inventory

At June 30, 2023 and December 31, 2022 inventory consisted of:

Classification	June 30, 2023		December 31, 2022
Smart Boards	$	295,403	$	382,355
Clean Technology		102		102
Total Inventory	$	295,505	$	382,457

Schedule of Vendor Purchase Concentrations Percentage

The Company had the following vendor purchase concentrations at June 30, 2023 and 2022, respectively. All concentrations relate solely to the operations of SST.

	Six Months Ended June 30,
Customer	2023			2022
A		58	%		88	%
Total		58	%		88	%

Schedule of Disaggregation of Revenue

The following represents the Company’s disaggregation of revenues for the three months and six months ended June 30, 2023 and 2022:

	Three Months Ended June 30,										Six Months Ended June 30,
	2023					2022					2023					2022
Revenue	Revenue		% of Revenues			Revenue		% of Revenues			Revenue		% of Revenues			Revenue		% of Revenues
Smart boards and installation	$	783,682		87	%	$	2,664,885		92	%	$	1,229,772		85	%	$	3,191,542		91	%
Installation Services		115,645		13	%		212,290		7	%		221,883		15	%		265,198		8	%
Clean Technology products		-		-	%		11,453		1	%		-		-	%		24,179		1	%
Total Revenues	$	899,327		100	%	$	2,888,628		100	%	$	1,451,655		100	%	$	3,480,919		100	%

Schedule of Sales Concentration Percentage

The Company had the following sales concentrations at June 30, 2023 and 2022, respectively. All concentrations relate solely to the operations of SST.

	Six Months Ended June 30,
Customer	2023			2022
A		16	%		27	%
B		11	%		18	%
C		-	%		6	%
Total		27	%		51	%

Schedule of Anti Dilutive Securities Outstanding

The following potentially dilutive equity securities outstanding as of June 30, 2023 were as follows:

	June 30,2023
Series A, preferred stock (1)		1,236,474,600
Series B, preferred stock (2)		5,733,316,000
Series C, preferred stock (3)		1,000,000
Convertible notes and related accrued interest (4)		2,662,500,000
Warrants (5)		1,563,541,667
Total		11,196,832,267

1 –	Each share converts into 50 shares of common stock.
2 –	Each share converts into 1,000 shares of common stock.
3 –	Each share converts into 1 share of common stock.

FOMO WORLDWIDE, INC AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2023

UNAUDITED

4 -	Certain notes have exercise prices that have a discount to market and cause variability into the potential amount of common stock equivalents outstanding at each reporting period. As a result, the amount computed for common stock equivalents could change given the quoted closing trading price at each reporting period.
5 -	Represents those that are vested and exercisable.