BRVO Bravo Multinational Inc (PK)

U.S. SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 

FORM 10-Q

 

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

 

For the quarterly period ended September 30, 2023

 

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

 

Commission file number: 000-53505

BRAVO MULTINATIONAL INCORPORATED
(Exact name of registrant as specified in its charter)
Wyoming	85-4068651
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
2020 General Booth Blvd., Unit 230 Virginia Beach, VA (principal executive offices)	23454 (Zip Code)
Registrant’s telephone number, including area code: (757) 306-6090
Securities registered under Section 12(b) of the Exchange Act:	None
Securities registered under Section 12(g) of the Exchange Act:	Common stock, par value $0.0001 per share
	(Title of class)

 

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

 

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

 

	Large accelerated filer	☐	Accelerated filer	☐
	Non-accelerated filer	☒	Smaller reporting company	☒
	Emerging growth company	☐

 

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

 

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

 

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

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common stock Par Value $0.0001		BRVO		NONE

 

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: At November 10, 2023, the registrant had outstanding 56,141,011 shares of common stock, par value $0.0001 per share.

 

 

TABLE OF CONTENTS

PART I
Item 1.	Condensed Unaudited Financial Statements	2
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	10
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	14
Item 4.	Controls and Procedures	14
PART II
Item 1.	Legal Proceedings	15
Item 1A.	Risk Factors	15
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	15
Item 3.	Defaults Upon Senior Securities	15
Item 4.	Mining Safety Disclosures	15
Item 5.	Other Information	15
Item 6.	Exhibits	15
	Signatures	15

 

 

 PART I – FINANCIAL INFORMATION

 

ITEM 1. FINANCIAL STATEMENTS

 

BRAVO MULTINATIONAL INCORPORATED

FINANCIAL REPORTS

AT

SEPTEMBER 30, 2023

INDEX TO FINANCIAL STATEMENTS

Condensed Consolidated Balance Sheets at September 30, 2023- Unaudited and December 31, 2022	3
Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2023 and 2022 - Unaudited	4
Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2023 and 2022 - Unaudited	5
Condensed Consolidated Statements of Stockholders’ Equity for the Three and Nine Months Ended September 30, 2023 and 2022– Unaudited	6
Notes to the Condensed Consolidated Unaudited Financial Statements	7-9

 

 

Bravo Multinational Incorporated

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED

		(Unaudited)
		September 30,				December 31,
		2023				2022
ASSETS
Current Assets
Cash and Cash Equivalents		$	9,415			$	73
Accounts Receivable (Net of Allowance of $42,312 and $42,312, respectively)			-				-
Prepaid Expenses - Retainers			29,325				-
Note Receivable (Net of Allowance of $2,725 and $2,725, respectively)			-				-
Notes Receivable - Related Party (Net of Allowance of $418,000 and $418,000, respectively)			-				-
Total Current Assets			38,740				73
Total Assets		$	38,740			$	73
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Liabilities
Accounts Payable and Accrued Expenses		$	24,373			$	750
Customer Deposits			35,800				35,800
Due to Related Parties			121,555				193,570
Accrued Board of Directors Fees			163,500				1,537,417
Total Liabilities			345,228				1,767,537
Commitments and Contingencies (Note 9)
Stockholders’ Deficit
Common Stock - $0.0001 Par; 1,000,000,000 Shares Authorized, 56,141,010 and 47,641,010 Issued and Outstanding, Respectively			5,613				4,763
Additional Paid-In-Capital			95,375,503				89,168,493
Accumulated Deficit			(95,687,586	)			(90,940,720	)
Total Bravo Multinational Inc., Stockholders’ Deficit			(306,470	)			(1,767,464	)
Non-Controlling Interest			(18	)			-
Total Stockholders’ Deficit			(306,488	)			(1,767,464	)
Total Liabilities and Stockholders’ Deficit		$	38,740			$	73

 

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

 

Bravo Multinational Incorporated

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED

		For the Three Months Ended								For the Nine Months Ended
		September 30,								September 30,
		2023				2022				2023				2022
Expenses
General and Administrative		$	10,594			$	2,207			$	16,016			$	7,087
Professional Fees			53,388				6,175				102,764				38,090
Board of Directors Fees			43,750				118,750				206,250				356,250
Total Expenses			107,732				127,132				325,030				401,427
Loss from Operations Before Goodwill Impairment			107,732				127,132				325,030				401,427
Goodwill Impairment			4,420,000				-				4,420,000				-
Loss Before Income Taxes			4,527,732				127,132				4,745,030				401,427
Income Taxes			-				-				-				-
Net Loss for the Period			4,527,732				127,132				4,745,030				401,427
Loss Attributable to Non-Controlling Interest - RPI			(18	)			-				(18	)			-
Net Loss for the Period Attributable to Bravo Multinational Inc		$	4,527,714			$	127,132			$	4,745,012			$	401,427
Weighted Average Number of Common Shares - Basic and Diluted			47,952,366				47,641,010				47,952,366				47,641,010
Net Loss for the Period Per Common Shares - Basic and Diluted		$	(0.09	)		$	(0.00	)		$	(0.10	)		$	(0.01	)

 

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

 

Bravo Multinational Incorporated

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED

For the Nine Months Ended September 30,			2023				2022
Cash Flows from Operating Activities
Net Loss for the Period		$	(4,745,030	)		$	(401,427	)
Adjustments to reconcile net loss for the period to net cash used in operating activities:
Goodwill Impairment			4,420,000				-
Changes in Assets and Liabilities:
Prepaid Expenses - Retainers			(29,325	)			40
Accounts Payable and Accrued Expenses			23,623				(417	)
Accrued Board of Directors Fees			206,250				356,249
Net Cash Flows Used In Operating Activities			(124,482	)			(45,555	)
Cash Flows from Investing Activities			-				-
Cash Flows from Financing Activities
Capital Contributions			100				100
Due to Related Parties, Net			133,724				45,464
Net Cash Flows Provided by Financing Activities			133,824				45,564
Net Change in Cash and Cash Equivalents			9,342				9
Cash and Cash Equivalents - Beginning of Period			73				93
Cash and Cash Equivalents - End of Period		$	9,415			$	102
Cash Paid During the Period for:
Interest		$	-			$	-
Income Taxes		$	-			$	-
Non-Cash Transactions
Accrued Board of Directors Fees - Contributed to Capital		$	1,580,167			$	-
Due to Related Parties - Contributed to Capital		$	205,739			$	-

 

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

 

 

Bravo Multinational Incorporated

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT FOR THE THREE AND NINE MONTHS ENDED JUNE 30, 2023 AND 2022 UNAUDITED

		Common Stock								Additional								Non-controlling				Total
For the Three and Nine Months		$ 0.0001 Par								Paid-In				Accumulated				Interest				Stockholders’
Ended September 30, 2022		Shares				Amount				Capital				Deficit				RCI				Deficit
Balance - January 1, 2022			47,641,010			$	4,763			$	89,168,393			$	(90,412,662	)		$	-			$	(1,239,506	)
Net Loss for the Period			-				-				-				(147,241	)		$	-				(147,241	)
Balance - March 31, 2022			47,641,010			$	4,763				89,168,393				(90,559,903	)		$	-				(1,386,747	)
Net Loss for the Period			-				-				-				(127,054	)		$	-				(127,054	)
Balance - June 30, 2022			47,641,010			$	4,763			$	89,168,393			$	(90,686,957	)		$	-			$	(1,513,801	)
Capital Contributions - Directors			-				-				100				-			$	-				100
Net Loss for the Period			-				-				-				(127,132	)		$	-				(127,132	)
Balance - September 30, 2022			47,641,010			$	4,763			$	89,168,493			$	(90,814,089	)		$	-			$	(1,640,833	)

 

		Common Stock								Additional								Non-controlling				Total
For the Three and Nine Months		$ 0.0001 Par								Paid-In				Accumulated				Interest				Stockholders’
Ended September 30, 2023		Shares				Amount				Capital				Deficit				RCI				Deficit
Balance - January 1, 2023			47,641,010			$	4,763			$	89,168,493			$	(90,940,720	)		$	-			$	(1,767,464	)
Net Loss for the Period			-				-				-				(143,462	)			-				(143,462	)
Balance - March 31, 2023			47,641,010			$	4,763				89,168,493				(91,084,182	)		$	-				(1,910,926	)
Capital Contributions - Directors			-				-				1,785,906				-				-				1,785,906
Net Loss for the Period			-				-				-				(73,836	)			-				(73,836	)
Balance - June 30, 2023			47,641,010			$	4,763			$	90,954,399			$	(91,158,018	)		$	-				(198,856	)
Merger with RPI and Share Issuance			8,500,000				850				4,421,004				(1,854	)			-				4,420,000
Capital Contributions - Directors			-				-				100				-				-				100
Net Loss for the Period			-				-				-				(4,527,714	)		$	(18	)			(4,527,732	)
Balance- September 30, 2023			56,141,010			$	5,613			$	95,375,503			$	(95,687,586	)		$	(18	)		$	(306,488	)

 

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

 

NOTE 1 – Organization & Description of Business

 

Bravo Multinational Corporation (the “Company,” “we” or “us”) was originally formed as Montrose Ventures, Inc. in the State of Delaware on May 25, 1989. On April 23, 1996, the Company’s name was changed to Java Group, Inc., and on September 1, 2004 the name was changed to Consolidated General Corp. On August 7, 2007, the Company’s name was changed to GoldCorp Holdings Co. On October 15, 2010, our name was changed to GoldLand Holdings Co. On April 6, 2016, we changed our corporate name to Bravo Multinational Incorporated. On March 22, 2016, the board of directors of the company, pursuant to Section 242 of the Delaware General Corporation Law, determined it was in the best interests of the company that the name of the company should be changed to Bravo Multinational Incorporated, with such change of name to be effective upon compliance with all regulatory requirements mandated by FINRA. Further, as a result of the change of the company’s name and upon satisfaction of all regulatory requirements, the trading symbol for the shares of the company’s common stock should be changed to “BRVO,” and the company’s CUSIP identifier be changed to a newly issued number. FINRA granted its approval of the change of the company’s name on April 6, 2016. As a result of the change of name of the company, the company’s trading symbol was changed to “BRVO” and the CUSIP identifier was changed to 10568F109. On August 3, 2020, the Board of Directors agreed in changing the Company’s incorporation from Delaware to Wyoming. On September 25, 2020, the Company merged into its wholly owned subsidiary Bravo Multinational (Wyoming) to achieve the change in state incorporation. On July 20, 2023 the Company formed a wholly-owned subsidiary; Global Merchandising Inc., a Nevada Corporation.

 

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

 

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

 

The Company’s previous business plan was the buying and reselling of gaming equipment. The Company also bought machines for its own use that were placed in casinos or gaming areas to obtain monthly revenue streams from the machines’ net win revenue.

 

On July 3, 2023, the Company changed its business plan and will pursue business ventures in the entertainment, hospitality and technology sectors.

 

NOTE 2 – Summary of Significant Accounting Policies

 

Basis of Presentation

 

The accompanying condensed consolidated balance sheet at December 31, 2022, has been derived from audited financial statements and the accompanying unaudited condensed consolidated interim financial statements as of September 30, 2023 and 2022, have been prepared in accordance with generally accepted accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited financial statements and related footnotes included in our Annual report on Form 10-K for the year ended December 31, 2022 (the “2021 Annual Report”), filed with the Securities and Exchange Commission (the “SEC”). It is management’s opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for a fair financial statement presentation. Operating results for the three and nine months ended September 30, 2023, are not necessarily indicative of the results of operations expected for the year ending December 31, 2023.

 

Principles of Consolidation

 

The condensed consolidated financial statements include the accounts of Bravo Multinational Incorporated, its wholly owned subsidiaries, Universal Entertainment SAS, Ltd., Global Merchandising, Inc., and Recombinant Productions, Inc., (“RPI), a 51% owned subsidiary, (the “Company”). All significant inter-company balances have been eliminated in consolidation. During the year ended December 31, 2017, management recognized that Universal is an inactive Florida corporation which no longer operates.

 

Method of Accounting

 

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

 

Cash and Cash Equivalents

 

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

 

Use of Estimates

 

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

 

Earnings (Loss) per Share

 

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

 

Stock Based Compensation

 

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

 

-7-

 

 

NOTE 2 – Summary of Significant Accounting Policies – continued

 

Revenue Recognition

 

The Company implemented ASC 606, Revenue from Contracts with Customers. These included the development of new policies based on the five-step model provided in the new revenue standard, ongoing contract review requirements, and gathering of information provided for disclosures.

 

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

 

Fair Value Measurements

 

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

 

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

 

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

 

-

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

 

-

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

 

-

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

 

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

 

NOTE 3 – Recently Issued Accounting Pronouncements

 

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

 

NOTE 4 – Going Concern 

 

The Company’s condensed consolidated financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has reported recurring losses from operations and has net current liabilities and an accumulated deficit. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern.

 

While the Company is attempting to continue operations and generate revenues, the Company’s cash position may not be significant enough to support the Company’s daily operations. Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement the Company’s business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues. During the nine months ended September 30,2023 due to lack of revenues the officers of the Company paid for all expenses through loans to the Company. This allowed the Company to continue as a going concern.

 

NOTE 5 – Accounts Receivable

 

Accounts receivable consisted of the following at September 30, 2023 and December 31, 2022:

Schedule of accounts receivable
		September 30, 2023				December 31, 2022
Accounts Receivable		$	42,312			$	42,312
Less: Allowance for Doubtful Accounts			(42,312	)			(42,312	)
Net Accounts Receivable		$	-			$	-

 

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

 

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

 

-8-

 

 

NOTE 6 – Notes Receivable – Related Parties

 

Notes receivable related parties consisted of the following at September 30, 2023 and December 31, 2022:

Schedule of notes receivable related parties
		September 30, 2023				December 31, 2022
Investcom – See Note 8 Related Party		$	342,000			$	342,000
Rentcom – See Note 8 Related Party			76,000				76,000
Total Notes Receivable			418,000				418,000
Less: Allowance for Doubtful Accounts			(418,000	)			(418,000	)
Net Notes Receivable – Related Parties		$	-			$	-

 

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

 

NOTE 7 – Related Party Transactions

 

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

 

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

 

Due to Related Parties consist of payments of Company expenses by the Company’s one (1) current director, one (1) former director, one (1) shareholder and two (2) companies with related shareholders. Amounts due were $121,555 and $193,570 at September 30, 2023 and December 31, 2022, respectively.

 

The Company utilizes the services of Yes International Inc., which is controlled by Mr. Richard Kaiser who is a member of the Board of Directors. Yes International provides all services at no cost except for press release wire services and filing fees. For each of the three and nine months ended September 30, 2023 and 2022 the Company paid press release wire services in the amount of $850 and $-0-, respectively and $1,720 and $-0-, respectively. The Company paid Yes International for filing fees in the amount of $1,165 and $-0-, respectively for the three months ended September 30, 2023 and 2022, and $2,095 and $-0-, respectively for the nine months ended September 30, 2023 and 2022. The Company also currently operates out of the Yes International Inc., offices at no cost.

 

NOTE 8 – Capital Stock

 

Preferred Stock

 

On January 16, 2017, the Company amended its certificate of incorporation to authorize an increase in blank check preferred shares to 50,000,000 from 5,000,000. 10,000,000 of these blank check preferred shares have been separately allocated to Series A Preferred leaving 40,000,000 blank check preferred authorized. Preferred stock - A can be converted into 100 shares of common stock, have dividend rights at 100 times common and have voting rights equal to 100 shares of common stock. At September 30, 2023 and December 31, 2022, there were -0- shares issued and outstanding.

 

Common Stock

 

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

 

On September 20, 2023, 8,500,000 shares of common stock were issued to the two (2) shareholders of RPI Inc., per the share exchange agreement for 51% of RPI that was closed on July 13, 2023. These shares were valued at the market value of the Company on July 13, 2023 and resulted in goodwill impairment of $4,420,000 for the three and nine months ended September 30, 2023.

 

Stock Compensation Plan

 

On March 15, 2018, the Company resolved to adopt the Employees, Officers, Directors and Consultants Stock Plan for the Year 2018. The purpose of this Plan is to enable the Company, to promote the interests of the company and its stockholders by attracting and retaining employees, officers, directors and consultants capable of furthering the future success of the Company and by aligning their economic interests more closely with those of the company’s stockholders, by paying their retainers or fees in the form of shares of the Company’s common stock. The Plan shall expire on March 15, 2028. As of September 30, 2023, previously issued shares totaled 4,516,667 from this plan.

 

NOTE 9 – Commitments and Contingencies

 

Beginning in 2018, the Company leases space at Yes International Inc., a related party, at no cost. Rent expense for the each of the three and nine months ended September 30, 2023 and 2022 was $-0-.

 

NOTE 10 – Share Exchange

 

On July 13, 2023 the Company and RPI closed their share exchange agreement. The Company issued 8,500,000 shares of common stock in exchange for 51% of the outstanding common shares of RPI. The value of this exchange was $4,420,000 placed to goodwill.

 

Since RPI had no assets or operations the goodwill was immediately impaired and is shown in the statement of operations for the three and nine months ended September 30, 2023.

 

 

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

 

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

 

Forward Looking Statements

 

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

 

● our future strategic plans

● our future operating results;

● our business prospects;

● our contractual arrangements and relationships with third parties;

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

● our possible future financing

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

 

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

 

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

 

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

 

Company Overview

 

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

 

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

 

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

 

 

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

 

On April 11, 2023, a director and officer of the Company sold his controlling interest, approximately 67%, in a private transaction. Furthermore, the board of directors agreed with the creditors to eliminate previously accrued board of directors’ fees in the amount of $1,656,167 and amounts due to the two current directors in the amount of $203,602.

 

On April 12, 2023, the board of directors accepted the resignation of Mr. Merle Ferguson as the Company’s Chairman of the Board, Chief Executive Officer, and President, to be effective on the completion of the seating of a new board of directors.

 

On May 17, 2023, the Company filed a Schedule 14f, an information statement under the 1934 Act in order to notify shareholders of a change in majority control of the “Company’s Board of Directors other than by a Meeting of Stockholders.”

 

On June 21, 2023, the Company filed an amended Schedule 14f information statement under the 1934 Act to clarify the “Security Ownership of Certain Beneficial Owners and Management.” Subsequently, all shareholders of the Company of record as of May 19, 2023 received through mail and electronic notification a full copy of the 14f - Change in Majority Control of the Company’s Board of Directors.

 

On July 3, 2023, the resignation of Mr. Merle Ferguson as the Company’s Chairman of the Board, Chief Executive Officer, and President became effective.

 

On July 03, 2023, upon the successful change in control, the management team at Bravo Multinational, Inc. (OTC: BRVO) is pursuing business ventures in the entertainment, hospitality, and technology sectors. The Company’s mission is to create long-term value for its shareholders from high-growth business opportunities.

 

On July 3, 2023, the Company entered into a share exchange agreement with Recombinant Productions Inc., (“RPI”), a Nevada corporation that is engaged in the business of developing and acquiring entertainment content and related technologies that span both traditional and new media distribution platforms. This transaction closed on July 7, 2023. Under the terms of the agreement, RPI shareholders exchanged shares representing approximately 51% of their outstanding common stock to the Company in exchange for 8,500,000 shares of the common stock of the Company. RPI is now a majority owned subsidiary of the Company. Recombinant Productions, Inc. (‘RPI’) is a Nevada corporation that is engaged in the business of developing and acquiring entertainment content and related technologies that span both traditional and new media distribution platforms. The initial slate of projects that is intended to be developed by Bravo and RPI will focus on documentary film and live event projects that have both initial release and long-term catalog opportunities, as well as in-person experiential and merchandising tie-ins.

 

On July 13, 2023, The Company filed a Form 8-K that Bravo Multinational, Inc. closed on the above transaction per terms outlined in the Stock Purchase Agreement previously filed on Form 8-K, July 07, 2023.

 

On July 20, 2023, Bravo Multinational Incorporated formed a wholly-owned subsidiary, Global Merchandising, Inc., a Nevada Corporation.

 

On September 27, 2023, the Bravo Multinational Incorporated’s Board of Directors created an Advisory Board to assist the Company’s management team with strategic planning and developement. Advisory Board Members will have extensive business experiences, and some members will be experts in the film, television and digital media industries.

 

Transfer Agent

 

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

 

Company Contact Information

 

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

 

Current Directors

 

The following persons are the Company’s Directors:

Name	Position
Grant Cramer	Director/Chief Executive Officer
Frank J. Hagan, Jr.	Director/President
Kayla Slick	Director/Chief Operations Officer
Richard Kaiser	Director/Chief Finanical Officer
Josh Vance	Director

 

 

Biographies:

 

GRANT CRAMER - CEO & Director- Grant Cramer is a prominent figure in the entertainment industry with over three decades of experience. He has worked as an actor, writer, director, producer, and production executive. As the founder and president of Landafar Entertainment and Global Pictures Media, he has overseen the development and production of 14 feature films, including End Of Watch, Escape Plan, and 2 Guns. Mr. Cramer’s impressive filmography includes executive producing Lone Survivor, November Man, and Arctic Dogs. He also produced And So It Goes, which was directed by Rob Reiner and starred Michael Douglas and Diane Keaton. His 30-minute short film Say Goodnight, Michael won several awards, including the Grand Jury Award at the New York International Independent Film Festival. Mr. Cramer is currently working on several upcoming projects, including Neponset Circle and On Silver Wings.

 

FRANK HAGAN - President & Director - Frank Hagan is a seasoned producer with over 30 years of experience in the entertainment industry. His expertise ranges from national and local TV shows to award-winning talk shows and reality programs. With his reputation for producing solid and marketable program ideas, he has worked for various networks, streaming platforms, and even Broadway. In addition to producing, Mr. Hagan has worked in programming and general management, as well as consulting and owning his production company. He has produced shows for major networks and companies, including Discovery, History Channel, and Relativity Media. Most recently, he served as a consulting producer for Electric Entertainment’s ElectricNOW!, the Saturn Awards, and worked as a regular weekly panelist for Outlaw Internet Radio.

 

KAYLA SLICK - COO & Director - Kayla Slick is a versatile executive with over 15 years of experience in various industries including finance, healthcare, technology, retail, hospitality, and entertainment. She has specialized in operations management, business development, strategic and digital marketing, public relations, pipeline planning, and product development. Mrs. Slick has a proven track record of successfully managing rapid revenue growth environments, co-founding The PRIME Symposium, and significantly increasing revenues and survey participation for INSIDE Public Accounting. In 2016, she joined Interactive Digital Solutions, where she developed the Sales Development Program and was later promoted to Marketing Communications Director for IDS’ flagship product, MedSitter®. Mrs. Slick has consulted and managed multiple organizations through various projects, including post-acquisition integration strategies. She is a member of the American Marketing Association and earned her Bachelor of Science in Financial Counseling & Planning and Organizational Leadership & Supervision, and she is currently pursuing her Master of Science in Communications at Purdue University.

 

JOSH VANCE - Director - Josh Vance has been in commercial real estate since 1999 and has extensive experience in sales and leasing of various properties. His background in owning, maintaining, and investing in varying business ventures provides him with valuable insights into the industry, ensuring his clients get the best possible results. Mr. Vance’s commitment to education led him to receive a CCIM designation in 2008, and he is currently the CCIM UT Chapter President. With his unique marketing efforts, reliable negotiation skills, and enthusiasm, Mr. Vance consistently places among the top producers in the company, establishing loyal client relationships. He is dedicated to providing his clients with information and options, ensuring that they make informed decisions that meet their individual needs.

 

RICHARD KAISER - Since 2018, the Company Director, CFO, Corporate Secretary and Corporate Governance Officer. He has served as an officer and Co-Owner of Yes International since July, 1991. Yes International is a full-service EDGAR conversion filing agent, investor relations and venture capital firm located in Virginia Beach, Virginia. In 1993, Mr. Kaiser received a Bachelor of Arts degree in International Economics from Oakland University (formerly known as Michigan State University-Honors College.) From July 1, 2013 to the present, Mr. Kaiser has also served as a director, secretary and interim CFO of BioForce NanoSciences Holdings, a public company, trades under symbol BFNH on OTC Markets and is a Nevada Corporation with its headquarters located in Virginia Beach, Virginia. BioForce NanoSciences Holdings, Inc. is in the business private labeling vitamins and nutritional supplements. Since July 2020, Mr. Kaiser is also on the board of Element Global, Inc., a Wyoming Corporation, and a wholly-owned subsidiary of BioForce Nanosciences Holdings, Inc. In August 2022, Mr. Kaiser became a Director and Chief Financial Officer of Gold Rock Holdings, Inc., located in Virginia Beach, VA. Gold Rock Holdings is a Nevada Corporation which trades under the symbol GRHI on OTC Markets. Gold Rock Holdings, Inc. provides underground construction management services for laying fiber optic and copper cables. In the past, Mr. Kaiser held the position of Investor Relations for Royal Standard Minerals, Inc. and Scorpio Mining, Inc. He was also Head of Corporate Communication and Investor Relations at Air Packaging Technologies, Inc. and Puff Pack Industries, Inc. Mr. Kaiser has 30 years’ experience working with public companies. Mr. Kaiser will retain his role as a Director and Chief Financial Officer of the Company.

 

The resignation of Mr. Merle Ferguson as the Company’s Chairman of the Board, Chief Executive Officer, and President, became effective on July 03, 2023.

 

Advisory Board

 

The Company’s Business Advisory Board is comprised of a leading executives with extensive business experiences and some members will be experts in the film, television and digital media industries.. The Advisory Board was established to oversee a strategy aimed at acquiring and investing in companies across these industries.

 

The Committee members current seats the following individual:

 

David McKillop - The former General Manager and Executive Vice President of Programming at A&E, a luminary in the television industry who boasts an illustrious career highlighted by multiple awards, including but not limited to two Emmy® wins and 7 Emmy® nominations.

 

Majority-owned Subsidiary

 

As July 13, 2023, Bravo Multinational Incorporated is the majority owner of 51% of Recombinant Productions Inc., (“RPI”), a Nevada corporation.

 

Wholly-owned Subsidiary

 

On July 20, 2023, Bravo Multinational Incorporated formed a wholly-owned subsidiary, Global Merchandising, Inc., a Nevada corporation.

 

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

 

Overall Operating Results:

 

Three Months – September 30, 2023 and 2022 Statements

 

Revenues for Company for the three months ended September 30, 2023 and 2022 were $-0- and $-0-. The Company’s had $-0- sales for the three months ending September 30, 2023 from business ventures in the entertainment, hospitality, and technology sectors, and in September 30, 2022, the Company had $-0- gaming machine sales.

 

Cost of sales for the three months ended September 30, 2023 was $-0- and for the three months ended September 30, 2022 was $-0-. The Company had no sales during each of the three months ended September 30, 2023 and 2022.

 

Gross profit for the three months ended September 30, 2023 was $-0- and for the three months ended September 30, 2022 was $-0-.

 

Total Operating expenses for three months ended September 30 2023 was $107,732 compared to $127,132 for the three months ended September 30, 2022. The decrease during the three months ending September 30, 2023 was attributed to a decrease in Board of Directors Fees compared to the three months ending September 30, 2022.

 

 

Nine Months – September 30, 2023 and 2022 Statements

 

Revenues for Company for the nine months ended September 30, 2023 and 2022 were $-0- and $-0-. The Company’s had $-0- sales for the threes months ending September 30, 2023 from business ventures in the entertainment, hospitality, and technology sectors, and in September 30, 2022, the Company had $-0- gaming machine sales.

 

Cost of sales for the nine months ended September 30, 2023 was $-0- and for the nine months ended September 30, 2022 was $-0-. The Company had no sales during each of the nine months ended September 30, 2023 and 2022.

 

Gross profit for the nine months ended September 30, 2023 was $-0- and for the nine months ended September 30, 2022 was $-0-. 

 

Total Operating expenses for nine months ended September 30, 2023 was $325,030 compared to $401,427 for the nine months ended September 30, 2022. The decrease during the nine months ending September 30, 2023 was attributed to a decrease in Board of Directors Fees compared to the nine months ending September 30, 2022.

 

Net Loss:

 

Net loss for the three months ended September 30, 2023 and 2022 were $4,527,714 and $127,132, respectively. The increase during the three months ending September 30, 2023 was due to increases in Professional Fees, General and Adminstrative Fee and a Goodwill Impairment from share issuances from the Company to acquire a 51% majority ownership in Recombinant Productions Inc., (“RPI”), compared to the three months ending September 30, 2022.

 

Net loss for the nine months ended September 30, 2023 and 2022 were $4,745,012 and $401,427, respectively. The increase during the nine months ending September 30, 2023 was due to increases in Professional Fees, General and Adminstrative Fee and a Goodwill Impairment from share issuances from the Company to acquire a 51% majority ownership in Recombinant Productions Inc., (“RPI”), compared to the to the nine months ending September 30, 2022.

 

Liquidity and Capital Resources:

 

As of September 30, 2023, the Company’s assets totaled $38,740, which consisted of cash of $9,415 and Prepaid Expenses of $29,325. Our total liabilities were $345,228. As of September 30, 2023, the Company had an accumulated deficit of $95,687,586 and a working capital deficit of $306,488.

 

As indicated herein, we need capital for the implementation of our new business plan in the entertainment, hospitality, and technology sectors, and we will need additional capital for continuing our operations. We do not have sufficient revenues to pay our operating expenses at this time. Unless the Company is able to raise working capital, it is likely that the Company will either have to cease operations or substantially change its methods of operations or change its business plan.

 

Cash Provided by (Used in) Operating Activities

 

Net cash used in operating activities for the nine months ended September 30, 2023 was $124,482 and for the nine months ended September 30, 2022 was $45,555, respectively. The increase in the amount of cash used during the nine months ended September 30, 2023 was due to the increases in prepaid operating expenses when compared to the nine months ended September 30, 2022.

 

Cash Flows from Investing Activities

 

Net cash used in investing activities was $-0- and -0- for the nine months ended September 30, 2023 and 2022.

 

Cash Provided by (Used In) Financing Activities

 

Net cash provided by financing activities for the nine months ended September 30, 2023 was $133,824 and for the nine months ended September 30, 2022 was $45,564. The increase amount was attributed to the increases in cash infusions by related parties that were used in operational and professional fee expenses.

 

Critical Accounting Policies

 

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

 

New Accounting Pronouncements

 

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

 

 

Accounting Principals

 

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

 

Revenue Recognition

 

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

 

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

 

Off-Balance Sheet Arrangements

 

We do not have any off-balance sheet arrangements.

 

Going Concern

 

We have incurred net losses since our inception. We anticipate incurring additional losses before realizing growth in revenue and we will depend on additional financing in order to meet our continuing obligations and ultimately to attain profitability. Our ability to obtain additional financing, whether through the issuance of additional equity or through the assumption of debt, is uncertain. Accordingly, our independent auditors’ report on our financial statements for the year ended December 31, 2022 includes an explanatory paragraph regarding concerns about our ability to continue as a going concern, including additional information contained in the notes to our financial statements describing the circumstances leading to this disclosure. The financial statements do not include any adjustments that might result from the uncertainty about our ability to continue our business.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

Not applicable

 

ITEM 4. CONTROLS AND PROCEDURES

 

Evaluation of Disclosure Controls and Procedures

 

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

 

Based on our evaluation, our Principal Executive Officer and Principal Financial Officer, after considering the existence of material weaknesses identified, determined that our internal control over financial reporting disclosure controls and procedures were not effective as of September 30, 2023.

 

Evaluation of Internal Control over Financial Reporting

 

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

 

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

 

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

 

Management, including our Principal Executive Officer and Principal Financial Officer, assessed the effectiveness of our internal control over financial reporting as of September 30, 2023. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal Control – Integrated Framework (2013).

 

We identified the following deficiencies which together constitute a material weakness in our assessment of the effectiveness of internal control over financial reporting as of September 30, 2023: 

 

-

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

 

-

During the period ended September 30, 2023 the Company internally performed all aspects of its financial reporting process, including, but not limited to the underlying accounting records and the recording of journal entries and for the preparation of financial statements. This process was deficient, because these duties were performed often times by the same people, and therefore a lack of review was created over the financial reporting process that might result in a failure to detect errors in spreadsheets, calculations, or assumptions used to compile the financial statements and related disclosures as filed with the SEC. These control deficiencies could result in a material misstatement to our interim or annual financial statements that would not be prevented or detected.

 

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

 

 

This report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to rules of the Securities and Exchange Commission that permit us to provide only management’s report in this annual report.

 

We regularly review our system of internal control over financial reporting to ensure that we maintain an effective internal control environment. If deficiencies appear in our internal controls, management will make changes that address those deficiencies.

 

Changes in Internal Control Over Financial Reporting

 

There have been no changes in the Company’s internal control over financial reporting that occurred during the reporting period ended September 30, 2023 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

 

PART II - OTHER INFORMATION

 

ITEM 1. LEGAL PROCEEDINGS

 

At this time, there are no materials pending legal proceedings to which the Company is a party or as to which any of its property is subject, and no such proceedings are known to the Company to be threatened or contemplated against it.

 

ITEM 1A. RISK FACTORS

 

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

 

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

 

On July 7, 2023 the Company issued 8,500,000 shares of its common stock in a share exchange with the shareholders of Recombinant Productions, Inc. (“RPI”) the shares were issued in a private placement pursuant to Section 4(2) of the Securities Act and were not registered with the commission.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

 

None.

 

ITEM 4. MINING SAFETY DISCLOSURES

 

Not applicable.

 

ITEM 5. OTHER INFORMATION

 

None

 

ITEM 6. EXHIBITS

 

Exhibit No.	Identification of Exhibit
10.01*	Share Exchange Agreement between Bravo Multinational Incorporated and Recombinant Productions, Inc. (“RPI”) a Nevada corporation (filed as Exhibit 10.01 on Form 8-K, July 7, 2023.
31.1+	Certification of Grant Cramer, Chief Executive Officer of Bravo Multinational Incorporated, pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002.
31.2+	Certification of Richard Kaiser, Chief Financial Officer and Principal Accounting Officer of Bravo Multinational Incorporated, pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002.
32.1+	Certification of Grant Cramer, Chief Executive Officer of Bravo Multinational Incorporated, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002.
32.2+	Certification of Richard Kaiser, Chief Financial Officer and Principal Accounting Officer of Bravo Multinational Incorporated, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002.
101+	iXBRL Interactive Exhibits.
104+	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)+

+filed herewith

*previously filed

 

SIGNATURES

 

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

 

BRAVO MULTINATIONAL INCORPORATED

Dated: November 13, 2023	By: /s/ Grant Cramer Grant Cramer Chief Executive Officer
	By: /s/Richard Kaiser Richard Kaiser Chief Financial Officer

 

EXHIBIT 31.1

 

CERTIFICATION

 

I, Grant Cramer, certify that:

 

1.		I have reviewed this quarterly report of Bravo Multinational Incorporated. on Form 10-Q;
2.		Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.		Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.		The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a)		Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)		Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)		Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d)		Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
5.		The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
	a)		All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	b)		Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

	By:	/s/Grant Cramer
November 13, 2023		Grant Cramer Chief Executive Officer (Principal Executive Officer)

 

EXHIBIT 31.2

 

CERTIFICATION

 

I, Richar Kaiser, certify that:

 

1.		I have reviewed this quarterly report of Bravo Multinational Incorporated. on Form 10-Q;
2.		Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.		Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.		The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a)		Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)		Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)		Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d)		Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
5.		The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
	a)		All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	b)		Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

	By:	/s/ Ruichard Kaiser
November 13, 2023		Richard Kaiser Chief Financial Officer (Principal Accounting and Principal Financial Officer)

 

EXHIBIT 32.1

 

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

 

Pursuant to 18 U.S.C. Section 1350,

As adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

I, Grant Cramer, certify, to my best knowledge and belief, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of Bravo Multinational Incorporated, on Form 10-Q for the quarter ended September 30, 2023 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Quarterly Report on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of Bravo Multinational Incorporated.

 

	By:	/s/ Grant Cramer
November 13, 2023		Grant Cramer Chief Executive Officer (Principal Executive Officer)

EXHIBIT 32.2

 

CERTIFICATION OF CHIEF FINANCIAL OFFICER

 

Pursuant to 18 U.S.C. Section 1350,

As adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

I, Richard Kaiser, certify, to my best knowledge and belief, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of Bravo Multinational Incorporated on Form 10-Q for the quarter ended September 30, 2023, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Quarterly Report on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of Bravo Multinational Incorporated.

 

	By:	/s/ Richard Kaiser
November 13, 2023		Richard Kaiser Chief Financial Officer (Principal Accounting and Principal Financial Officer)

 

v3.23.3

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 10, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	000-53505
Entity Registrant Name	BRAVO MULTINATIONAL INCORPORATED
Entity Central Index Key	0001444839
Entity Tax Identification Number	85-4068651
Entity Incorporation, State or Country Code	WY
Entity Address, Address Line One	2020 General Booth Blvd.
Entity Address, Address Line Two	Unit 230
Entity Address, City or Town	Virginia Beach
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23454
City Area Code	757
Local Phone Number	306-6090
Title of 12(b) Security	Common stock
Trading Symbol	BRVO
Security Exchange Name	NONE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		56,141,011

v3.23.3

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current Assets
Cash and Cash Equivalents	$ 9,415	$ 73
Accounts Receivable (Net of Allowance of $42,312 and $42,312, respectively)
Prepaid Expenses - Retainers	29,325
Note Receivable (Net of Allowance of $2,725 and $2,725, respectively)
Notes Receivable - Related Party (Net of Allowance of $418,000 and $418,000, respectively)
Total Current Assets	38,740	73
Total Assets	38,740	73
Liabilities
Accounts Payable and Accrued Expenses	24,373	750
Customer Deposits	35,800	35,800
Due to Related Parties	121,555	193,570
Accrued Board of Directors Fees	163,500	1,537,417
Total Liabilities	345,228	1,767,537
Stockholders’ Deficit
Common Stock - $0.0001 Par; 1,000,000,000 Shares Authorized, 56,141,010 and 47,641,010 Issued and Outstanding, Respectively	5,613	4,763
Additional Paid-In-Capital	95,375,503	89,168,493
Accumulated Deficit	(95,687,586)	(90,940,720)
Total Bravo Multinational Inc., Stockholders’ Deficit	(306,470)	(1,767,464)
Non-Controlling Interest	(18)
Total Stockholders’ Deficit	(306,488)	(1,767,464)
Total Liabilities and Stockholders’ Deficit	$ 38,740	$ 73

v3.23.3

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED (Parenthetical) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 42,312	$ 42,312
Allowance for notes receivable current	2,725	2,725
Allowance for notes receivable - related party	$ 418,000	$ 418,000
Common stock, par value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	56,141,010	47,641,010
Common stock, shares outstanding	56,141,010	47,641,010

v3.23.3

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Expenses
General and Administrative	$ 10,594	$ 2,207	$ 16,016	$ 7,087
Professional Fees	53,388	6,175	102,764	38,090
Board of Directors Fees	43,750	118,750	206,250	356,250
Total Expenses	107,732	127,132	325,030	401,427
Loss from Operations Before Goodwill Impairment	107,732	127,132	325,030	401,427
Goodwill Impairment	4,420,000		4,420,000
Loss Before Income Taxes	4,527,732	127,132	4,745,030	401,427
Income Taxes
Net Loss for the Period	4,527,732	127,132	4,745,030	401,427
Loss Attributable to Non-Controlling Interest - RPI	(18)		(18)
Net Loss for the Period Attributable to Bravo Multinational Inc	$ 4,527,714	$ 127,132	$ 4,745,012	$ 401,427
Weighted Average Number of Common Shares - Basic	47,952,366	47,641,010	47,952,366	47,641,010
Weighted Average Number of Common Shares - Diluted	47,952,366	47,641,010	47,952,366	47,641,010
Net Loss for the Period Per Common Shares - Basic	$ (0.09)	$ (0.00)	$ (0.10)	$ (0.01)
Net Loss for the Period Per Common Shares - Diluted	$ (0.09)	$ (0.00)	$ (0.10)	$ (0.01)

v3.23.3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash Flows from Operating Activities
Net Loss for the Period	$ (4,745,030)	$ (401,427)
Adjustments to reconcile net loss for the period to net cash used in operating activities:
Goodwill Impairment	4,420,000
Changes in Assets and Liabilities:
Prepaid Expenses - Retainers	(29,325)	40
Accounts Payable and Accrued Expenses	23,623	(417)
Accrued Board of Directors Fees	206,250	356,249
Net Cash Flows Used In Operating Activities	(124,482)	(45,555)
Cash Flows from Investing Activities
Cash Flows from Financing Activities
Capital Contributions	100	100
Due to Related Parties, Net	133,724	45,464
Net Cash Flows Provided by Financing Activities	133,824	45,564
Net Change in Cash and Cash Equivalents	9,342	9
Cash and Cash Equivalents - Beginning of Period	73	93
Cash and Cash Equivalents - End of Period	9,415	102
Cash Paid During the Period for:
Interest
Income Taxes
Non-Cash Transactions
Accrued Board of Directors Fees - Contributed to Capital	1,580,167
Due to Related Parties - Contributed to Capital	$ 205,739

v3.23.3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT UNAUDITED - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Balance - June 30, 2023 at Dec. 31, 2021	$ 4,763	$ 89,168,393	$ (90,412,662)		$ (1,239,506)
Beginning balance, shares at Dec. 31, 2021	47,641,010
Net Loss for the Period			(147,241)		(147,241)
Balance- September 30, 2023 at Mar. 31, 2022	$ 4,763	89,168,393	(90,559,903)		(1,386,747)
Beginning balance, shares at Mar. 31, 2022	47,641,010
Net Loss for the Period			(127,054)		(127,054)
Balance- September 30, 2023 at Jun. 30, 2022	$ 4,763	89,168,393	(90,686,957)		(1,513,801)
Beginning balance, shares at Jun. 30, 2022	47,641,010
Capital Contributions - Directors		100			100
Net Loss for the Period			(127,132)		(127,132)
Balance- September 30, 2023 at Sep. 30, 2022	$ 4,763	89,168,493	(90,814,089)		(1,640,833)
Beginning balance, shares at Sep. 30, 2022	47,641,010
Balance - June 30, 2023 at Dec. 31, 2022	$ 4,763	89,168,493	(90,940,720)		(1,767,464)
Beginning balance, shares at Dec. 31, 2022	47,641,010
Net Loss for the Period			(143,462)		(143,462)
Balance- September 30, 2023 at Mar. 31, 2023	$ 4,763	89,168,493	(91,084,182)		(1,910,926)
Beginning balance, shares at Mar. 31, 2023	47,641,010
Capital Contributions - Directors		1,785,906			1,785,906
Net Loss for the Period			(73,836)		(73,836)
Balance- September 30, 2023 at Jun. 30, 2023	$ 4,763	90,954,399	(91,158,018)		(198,856)
Beginning balance, shares at Jun. 30, 2023	47,641,010
Merger with RPI and Share Issuance	$ 850	4,421,004	(1,854)		4,420,000
Merger with RPI and Share Issuance, shares	8,500,000
Capital Contributions - Directors		100			100
Net Loss for the Period			(4,527,714)	(18)	(4,527,732)
Balance- September 30, 2023 at Sep. 30, 2023	$ 5,613	$ 95,375,503	$ (95,687,586)	$ (18)	$ (306,488)
Beginning balance, shares at Sep. 30, 2023	56,141,010

v3.23.3

Organization & Description of Business	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Organization & Description of Business	NOTE 1 – Organization & Description of Business   Bravo Multinational Corporation (the “Company,” “we” or “us”) was originally formed as Montrose Ventures, Inc. in the State of Delaware on May 25, 1989. On April 23, 1996, the Company’s name was changed to Java Group, Inc., and on September 1, 2004 the name was changed to Consolidated General Corp. On August 7, 2007, the Company’s name was changed to GoldCorp Holdings Co. On October 15, 2010, our name was changed to GoldLand Holdings Co. On April 6, 2016, we changed our corporate name to Bravo Multinational Incorporated. On March 22, 2016, the board of directors of the company, pursuant to Section 242 of the Delaware General Corporation Law, determined it was in the best interests of the company that the name of the company should be changed to Bravo Multinational Incorporated, with such change of name to be effective upon compliance with all regulatory requirements mandated by FINRA. Further, as a result of the change of the company’s name and upon satisfaction of all regulatory requirements, the trading symbol for the shares of the company’s common stock should be changed to “BRVO,” and the company’s CUSIP identifier be changed to a newly issued number. FINRA granted its approval of the change of the company’s name on April 6, 2016. As a result of the change of name of the company, the company’s trading symbol was changed to “BRVO” and the CUSIP identifier was changed to 10568F109. On August 3, 2020, the Board of Directors agreed in changing the Company’s incorporation from Delaware to Wyoming. On September 25, 2020, the Company merged into its wholly owned subsidiary Bravo Multinational (Wyoming) to achieve the change in state incorporation. On July 20, 2023 the Company formed a wholly-owned subsidiary; Global Merchandising Inc., a Nevada Corporation.   The Company filed a Form 8-K with the SEC on April 7, 2016, announcing the change of name, trading symbol, and CUSIP identifier.   The Company owned patented and unpatented mining claims on War Eagle Mountain in the state of Idaho. The Company entered into a lease agreement with Silver Falcon Mining, Inc. (SFMI) under which SFMI is entitled to mine the land and the Company is entitled to a 15% net royalty on all minerals extracted by SFMI from tailing piles on the premises or through shafts or adits located on the premises. The lease agreement was deferred for a two year period, 2014 and 2015, so that SFMI could restructure its finances. The Company determined that SFMI is unable to pay the lease and that any debt owing by SFMI to the Company is not recoverable. The Company currently owns 76.63 acres within seven patented claims with a 29.167% ownership interest on War Eagle Mountain in the state of Idaho. The Company allowed all of its BLM (Bureau of Land Management) unpatented and placer claims to expire. The carrying value on such claims both patented and unpatented was fully impaired due to lack of economic viabilities of such properties.   The Company’s previous business plan was the buying and reselling of gaming equipment. The Company also bought machines for its own use that were placed in casinos or gaming areas to obtain monthly revenue streams from the machines’ net win revenue.   On July 3, 2023, the Company changed its business plan and will pursue business ventures in the entertainment, hospitality and technology sectors.

v3.23.3

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 – Summary of Significant Accounting Policies   Basis of Presentation   The accompanying condensed consolidated balance sheet at December 31, 2022, has been derived from audited financial statements and the accompanying unaudited condensed consolidated interim financial statements as of September 30, 2023 and 2022, have been prepared in accordance with generally accepted accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited financial statements and related footnotes included in our Annual report on Form 10-K for the year ended December 31, 2022 (the “2021 Annual Report”), filed with the Securities and Exchange Commission (the “SEC”). It is management’s opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for a fair financial statement presentation. Operating results for the three and nine months ended September 30, 2023, are not necessarily indicative of the results of operations expected for the year ending December 31, 2023.   Principles of Consolidation   The condensed consolidated financial statements include the accounts of Bravo Multinational Incorporated, its wholly owned subsidiaries, Universal Entertainment SAS, Ltd., Global Merchandising, Inc., and Recombinant Productions, Inc., (“RPI), a 51% owned subsidiary, (the “Company”). All significant inter-company balances have been eliminated in consolidation. During the year ended December 31, 2017, management recognized that Universal is an inactive Florida corporation which no longer operates.   Method of Accounting   The Company’s condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).   Cash and Cash Equivalents   Cash and cash equivalents may include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States, which periodically may exceed federally insured amounts.   Use of Estimates   The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.   Earnings (Loss) per Share   Earnings (loss) per share of common stock are computed in accordance with FASB ASC 260 “Earnings per Share”. Basic earnings (loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive. Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding and diluted earnings (loss) per share.   Stock Based Compensation   The Company has issued and may issue stock in lieu of cash for certain transactions. The fair value of the stock, which is based on comparable cash purchases, third party fair values of shares or the value of services, whichever is more readily determinable, is used to value the transaction.   Revenue Recognition   The Company implemented ASC 606, Revenue from Contracts with Customers. These included the development of new policies based on the five-step model provided in the new revenue standard, ongoing contract review requirements, and gathering of information provided for disclosures.   The Company recognizes revenue and cost of goods sold from product sales or services rendered when control of the promised goods are transferred to our clients in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle, we apply the following five steps: identify the contract with the client, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to performance obligations in the contract and recognize revenues when or as the Company satisfies a performance obligation.   Fair Value Measurements   The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable, accrued liabilities, and notes payable approximate fair value.   We adopted ASC Topic 820 for financial instruments measured at fair value on a recurring basis. ASC Topic 820 defines fair value, establishes a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements.   Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:   - Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;   - Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and   - Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.   The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts receivable, inventory, notes payable, accounts payable, accrued liabilities approximate fair value given their short-term nature or effective interest rates. We measure certain financial instruments at fair value on a recurring basis.

v3.23.3

Recently Issued Accounting Pronouncements	9 Months Ended
	Sep. 30, 2023
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Pronouncements	NOTE 3 – Recently Issued Accounting Pronouncements   The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

v3.23.3

Going Concern	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	NOTE 4 – Going Concern    The Company’s condensed consolidated financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has reported recurring losses from operations and has net current liabilities and an accumulated deficit. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern.   While the Company is attempting to continue operations and generate revenues, the Company’s cash position may not be significant enough to support the Company’s daily operations. Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement the Company’s business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues. During the nine months ended September 30,2023 due to lack of revenues the officers of the Company paid for all expenses through loans to the Company. This allowed the Company to continue as a going concern.

v3.23.3

Accounts Receivable	9 Months Ended
	Sep. 30, 2023
Credit Loss [Abstract]
Accounts Receivable	NOTE 5 – Accounts Receivable   Accounts receivable consisted of the following at September 30, 2023 and December 31, 2022: Schedule of accounts receivable                 September 30, 2023     December 31, 2022                 Accounts Receivable   $ 42,312     $ 42,312   Less: Allowance for Doubtful Accounts     (42,312 )     (42,312 )                   Net Accounts Receivable   $ -     $ -     Due to civil unrest and the devastation of Hurricane Nate in Nicaragua in October 2017, the Company wrote off the machine income that was in accounts receivable on December 31, 2017, in the amount of $42,312.   The Allowance for Doubtful Accounts in the amount of $42,312 was collected but it remains in Nicaragua because of the political instability, social unrest, and US Government’s trade and economic sanctions; no transfer of funds to the US can be done at this time. Since these issues have yet to be resolved both domestically and internationally with Nicaragua, the $42,312 amount has not been paid in the US and has been written-off. Since the revenue was earned and collected in Nicaragua, the revenue remains recognized as an account receivable.

v3.23.3

Notes Receivable – Related Parties	9 Months Ended
	Sep. 30, 2023
Notes Receivable Related Parties
Notes Receivable – Related Parties	NOTE 6 – Notes Receivable – Related Parties   Notes receivable related parties consisted of the following at September 30, 2023 and December 31, 2022: Schedule of notes receivable related parties                 September 30, 2023     December 31, 2022                 Investcom – See Note 8 Related Party   $ 342,000     $ 342,000   Rentcom – See Note 8 Related Party     76,000       76,000   Total Notes Receivable     418,000       418,000   Less: Allowance for Doubtful Accounts     (418,000 )     (418,000 )                   Net Notes Receivable – Related Parties   $ -     $ -     Since no collections have been received on the above notes through the date of this report, the Company has allowed for these notes receivable in full at December 31, 2017.

v3.23.3

Related Party Transactions	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 7 – Related Party Transactions   During the year ended December 31, 2017, one hundred ten (110) gaming machines were sold to a company controlled by Mr. Paul Parliament, the Company’s former chief executive officer, for a total of $770,000. The sales were financed by a notes receivable in the amount of $342,000. Due to uncertainty of repayment, the notes receivable of $342,000 were allowed for as a bad debt at December 31, 2017 (See Note 6). The above mentioned sales were also paid for by reducing Mr. Parliaments’ note payable from the Company in the amount of $76,000.   During the year ended December 31, 2017, seventy-five (75) gaming machines were sold to a company controlled by Mr. Doug Brooks, a former director of the Company, for a total of $525,000. The sale reduced the note payable to Mr. Brooks in the amount of $209,000. The sale was also financed by a note receivable in the amount of $76,000. Due to uncertainty of repayment, the note receivable of $76,000 was allowed for as a bad debt at December 31, 2017 (See Note 6).   Due to Related Parties consist of payments of Company expenses by the Company’s one (1) current director, one (1) former director, one (1) shareholder and two (2) companies with related shareholders. Amounts due were $121,555 and $193,570 at September 30, 2023 and December 31, 2022, respectively.   The Company utilizes the services of Yes International Inc., which is controlled by Mr. Richard Kaiser who is a member of the Board of Directors. Yes International provides all services at no cost except for press release wire services and filing fees. For each of the three and nine months ended September 30, 2023 and 2022 the Company paid press release wire services in the amount of $850 and $-0-, respectively and $1,720 and $-0-, respectively. The Company paid Yes International for filing fees in the amount of $1,165 and $-0-, respectively for the three months ended September 30, 2023 and 2022, and $2,095 and $-0-, respectively for the nine months ended September 30, 2023 and 2022. The Company also currently operates out of the Yes International Inc., offices at no cost.

v3.23.3

Capital Stock	9 Months Ended
	Sep. 30, 2023
Stockholders’ Deficit
Capital Stock	NOTE 8 – Capital Stock   Preferred Stock   On January 16, 2017, the Company amended its certificate of incorporation to authorize an increase in blank check preferred shares to 50,000,000 from 5,000,000. 10,000,000 of these blank check preferred shares have been separately allocated to Series A Preferred leaving 40,000,000 blank check preferred authorized. Preferred stock - A can be converted into 100 shares of common stock, have dividend rights at 100 times common and have voting rights equal to 100 shares of common stock. At September 30, 2023 and December 31, 2022, there were -0- shares issued and outstanding.   Common Stock   On January 16, 2017, the Articles of Incorporation were amended to increase the authorized shares to 1,050,000,000, consisting of 1,000,000,000 shares of common stock.   On September 20, 2023, 8,500,000 shares of common stock were issued to the two (2) shareholders of RPI Inc., per the share exchange agreement for 51% of RPI that was closed on July 13, 2023. These shares were valued at the market value of the Company on July 13, 2023 and resulted in goodwill impairment of $4,420,000 for the three and nine months ended September 30, 2023.   Stock Compensation Plan   On March 15, 2018, the Company resolved to adopt the Employees, Officers, Directors and Consultants Stock Plan for the Year 2018. The purpose of this Plan is to enable the Company, to promote the interests of the company and its stockholders by attracting and retaining employees, officers, directors and consultants capable of furthering the future success of the Company and by aligning their economic interests more closely with those of the company’s stockholders, by paying their retainers or fees in the form of shares of the Company’s common stock. The Plan shall expire on March 15, 2028. As of September 30, 2023, previously issued shares totaled 4,516,667 from this plan.

v3.23.3

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 9 – Commitments and Contingencies   Beginning in 2018, the Company leases space at Yes International Inc., a related party, at no cost. Rent expense for the each of the three and nine months ended September 30, 2023 and 2022 was $-0-.

v3.23.3

Share Exchange	9 Months Ended
	Sep. 30, 2023
Share Exchange
Share Exchange	NOTE 10 – Share Exchange   On July 13, 2023 the Company and RPI closed their share exchange agreement. The Company issued 8,500,000 shares of common stock in exchange for 51% of the outstanding common shares of RPI. The value of this exchange was $4,420,000 placed to goodwill.   Since RPI had no assets or operations the goodwill was immediately impaired and is shown in the statement of operations for the three and nine months ended September 30, 2023.

v3.23.3

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation   The accompanying condensed consolidated balance sheet at December 31, 2022, has been derived from audited financial statements and the accompanying unaudited condensed consolidated interim financial statements as of September 30, 2023 and 2022, have been prepared in accordance with generally accepted accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited financial statements and related footnotes included in our Annual report on Form 10-K for the year ended December 31, 2022 (the “2021 Annual Report”), filed with the Securities and Exchange Commission (the “SEC”). It is management’s opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for a fair financial statement presentation. Operating results for the three and nine months ended September 30, 2023, are not necessarily indicative of the results of operations expected for the year ending December 31, 2023.
Principles of Consolidation	Principles of Consolidation   The condensed consolidated financial statements include the accounts of Bravo Multinational Incorporated, its wholly owned subsidiaries, Universal Entertainment SAS, Ltd., Global Merchandising, Inc., and Recombinant Productions, Inc., (“RPI), a 51% owned subsidiary, (the “Company”). All significant inter-company balances have been eliminated in consolidation. During the year ended December 31, 2017, management recognized that Universal is an inactive Florida corporation which no longer operates.
Method of Accounting	Method of Accounting   The Company’s condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
Cash and Cash Equivalents	Cash and Cash Equivalents   Cash and cash equivalents may include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States, which periodically may exceed federally insured amounts.
Use of Estimates	Use of Estimates   The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Earnings (Loss) per Share	Earnings (Loss) per Share   Earnings (loss) per share of common stock are computed in accordance with FASB ASC 260 “Earnings per Share”. Basic earnings (loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive. Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding and diluted earnings (loss) per share.
Stock Based Compensation	Stock Based Compensation   The Company has issued and may issue stock in lieu of cash for certain transactions. The fair value of the stock, which is based on comparable cash purchases, third party fair values of shares or the value of services, whichever is more readily determinable, is used to value the transaction.
Revenue Recognition	Revenue Recognition   The Company implemented ASC 606, Revenue from Contracts with Customers. These included the development of new policies based on the five-step model provided in the new revenue standard, ongoing contract review requirements, and gathering of information provided for disclosures.   The Company recognizes revenue and cost of goods sold from product sales or services rendered when control of the promised goods are transferred to our clients in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle, we apply the following five steps: identify the contract with the client, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to performance obligations in the contract and recognize revenues when or as the Company satisfies a performance obligation.
Fair Value Measurements	Fair Value Measurements   The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable, accrued liabilities, and notes payable approximate fair value.   We adopted ASC Topic 820 for financial instruments measured at fair value on a recurring basis. ASC Topic 820 defines fair value, establishes a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements.   Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:   - Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;   - Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and   - Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.   The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts receivable, inventory, notes payable, accounts payable, accrued liabilities approximate fair value given their short-term nature or effective interest rates. We measure certain financial instruments at fair value on a recurring basis.

v3.23.3

Accounts Receivable (Tables)	9 Months Ended
	Sep. 30, 2023
Credit Loss [Abstract]
Schedule of accounts receivable	Schedule of accounts receivable                 September 30, 2023     December 31, 2022                 Accounts Receivable   $ 42,312     $ 42,312   Less: Allowance for Doubtful Accounts     (42,312 )     (42,312 )                   Net Accounts Receivable   $ -     $ -

v3.23.3

Notes Receivable – Related Parties (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Receivable Related Parties
Schedule of notes receivable related parties	Schedule of notes receivable related parties                 September 30, 2023     December 31, 2022                 Investcom – See Note 8 Related Party   $ 342,000     $ 342,000   Rentcom – See Note 8 Related Party     76,000       76,000   Total Notes Receivable     418,000       418,000   Less: Allowance for Doubtful Accounts     (418,000 )     (418,000 )                   Net Notes Receivable – Related Parties   $ -     $ -

v3.23.3

Organization & Description of Business (Details Narrative)	9 Months Ended
	Sep. 30, 2023 a
Net royalty percentage	15.00%
Area of Land	76.63
Ownership Interest [Member]
Ownership interest	29.167%

v3.23.3

Accounts Receivable (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Credit Loss [Abstract]
Accounts Receivable	$ 42,312	$ 42,312
Less: Allowance for Doubtful Accounts	(42,312)	(42,312)
Net Accounts Receivable

v3.23.3

Accounts Receivable (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	Dec. 31, 2017
Credit Loss [Abstract]
Accounts receivable			$ 42,312
Allowance for doubtful accounts	$ 42,312	$ 42,312
Accounts receivable written-off	$ 42,312

v3.23.3

Notes Receivable - Related Parties (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Total Notes Receivable	$ 418,000	$ 418,000
Less: Allowance for Doubtful Accounts	(418,000)	(418,000)
Notes Receivable, Related Parties
Investcom [Member]
Related Party Transaction [Line Items]
Total Notes Receivable	342,000	342,000
Rentcom [Member]
Related Party Transaction [Line Items]
Total Notes Receivable	$ 76,000	$ 76,000

v3.23.3

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2017	Dec. 31, 2022
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Due to related parties	$ 121,555		$ 121,555			$ 193,570
Amount of press release wire services	850	$ 1,720	0	$ 0
Filing fees	$ 1,165	$ 0	$ 2,095	$ 0
Chief Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Related party transaction					$ 770,000
Financing receivable, sale					342,000
Bad debt					342,000
Proceeds from note payable					76,000
Director [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Related party transaction					525,000
Financing receivable, sale					76,000
Bad debt					76,000
Proceeds from note payable					$ 209,000

v3.23.3

Capital Stock (Details Narrative) - USD ($)		3 Months Ended	9 Months Ended
	Jul. 13, 2023	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 20, 2023	Dec. 31, 2022	Jan. 16, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, shares issued		0	0			0
Preferred stock, shares outstanding		0	0			0
Shares authorized							1,050,000,000
Common stock, shares authorized		1,000,000,000	1,000,000,000			1,000,000,000
Shares issued	8,500,000	4,516,667	4,516,667
Goodwill impairment	$ 4,420,000	$ 4,420,000	$ 4,420,000
R P I Inc [Member] | Two Shareholders [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued					8,500,000
Series A Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, shares authorized							10,000,000
Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock voting rights			Preferred stock - A can be converted into 100 shares of common stock, have dividend rights at 100 times common and have voting rights equal to 100 shares of common stock.
Preferred Stock [Member] | Series A Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, shares authorized							40,000,000
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock, shares authorized							1,000,000,000
Maximum [Member] | Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, shares authorized							50,000,000
Minimum [Member] | Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, shares authorized							5,000,000

v3.23.3

Commitments and Contingencies (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Rent expense	$ 0	$ 0	$ 0	$ 0

v3.23.3

Share Exchange (Details Narrative) - USD ($)		3 Months Ended	9 Months Ended
	Jul. 13, 2023	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022
Share Exchange
Shares issued	8,500,000	4,516,667	4,516,667
Goodwill impairment	$ 4,420,000	$ 4,420,000	$ 4,420,000

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