Form 10-Q - Quarterly report [Sections 13 or 15(d)]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark one)

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

For the quarterly period ended June 30, 2024

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

For the transition period from __________ to __________

Commission file number 000-53046

MetAlert, Inc.

(Exact name of registrant as specified in its charter)

Nevada		98-0493446
(State or other jurisdiction of		(I.R.S. Employer
incorporation or organization)		Identification No.)

117 W. 9th Street, Suite 1214, Los Angeles, CA, 90015

(Address of principal executive offices) (Zip Code)

(213) 489-3019

(Registrant’s telephone number, including area code)

Securities registered under Section 12(b) of the Act:

Title of each class registered:		Trading Symbol(s)		Name of each exchange on which registered:
Common Stock, Par Value $0.0001		MLRT		None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes ☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically 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, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☐ (Do not check if a smaller reporting company)	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 ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 34,345,931 common shares issued and outstanding as of August 19, 2024.

METALERT INC. AND SUBSIDIARIES

For the quarter ended June 30, 2024

FORM 10-Q

		PAGE NO.
PART I. FINANCIAL INFORMATION

Item 1.	Condensed Financial Statements	3

	Condensed Consolidated Balance Sheets at June 30, 2024 and December 31, 2023 (unaudited)	3
	Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2024 and 2023 (unaudited)	4
	Condensed Consolidated Statements of Changes in Stockholders’ Deficit for the three and six months ended June 30, 2024 and 2023 (unaudited)	5-6
	Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2024 and 2023 (unaudited)	7
	Notes to Condensed Consolidated Financial Statements (unaudited)	8

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	20

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	26

Item 4.	Controls and Procedures	26

PART II. OTHER INFORMATION

Item 1.	Legal Proceedings	26

Item 1A.	Risk Factors	26

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	27

Item 3.	Defaults Upon Senior Securities	27

Item 4.	Mine Safety Disclosures	27

Item 5.	Other Information	27

Item 6.	Exhibits	27

	Signatures	28

PART I

ITEM 1. FINANCIAL STATEMENTS

METALERT INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

	June 30, 2024			December 31, 2023

ASSETS
Current assets:
Cash and cash equivalents	$	29,576		$	68,440
Accounts receivable, net		17,240			17,408
Inventory		226,720			231,818
Investment in marketable securities		649			649
Other current assets		5,801			4,339
Total current assets		279,986			322,654

Intangible assets, net		233,972			261,761
Property and equipment, net		12,650			25,780

Total assets	$	526,608		$	610,195

LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable	$	173,261		$	264,671
Accrued expenses		188,613			327,338
Accrued expenses, related parties		1,028,105			762,365
Accrued expenses		188,613			327,338
Deferred revenues		8,004			6,505
Short-term debt – line of credit		94,020			102,040
Short-term debt - CARE loans		15,500			12,972
Convertible promissory notes, net of discount		1,518,000			1,484,142
Convertible notes, related parties, net of discount		1,230,762			1,219,313
Convertible promissory notes, net of discount		1,518,000			1,484,142
Notes payable		146,195			146,195
Notes payable – related parties		46,500			46,500
Notes payable		146,195			146,195
Total current liabilities		4,448,960			4,372,041

Long-term debt - CARE loan		134,500			137,028

Total liabilities		4,583,460			4,509,069

Commitments and contingencies		-			-

Stockholders’ deficit:
Preferred stock series A, $0.001 par value; 1,000,000 shares authorized; 13,846 shares issued and outstanding at June 30, 2024 and December 31, 2023		14			14
Preferred stock series B, $0.001 par value; 10,000 shares authorized, 2 and 2 issued and outstanding at June 30, 2024 and December 31, 2023, respectively		-			-
Preferred stock series C, $0.001 par value; 1,000 shares authorized, 6 and 6 issued and outstanding at June 30, 2024 and December 31, 2023, respectively		-			-
Preferred stock series D, $0.001 par value; 100,000 shares authorized, 75,000 and 15,000 issued and outstanding at June 30, 2024 and December 31, 2023, respectively		8			2
Preferred stock		8			2
Common stock, $0.0001 par value; 2,071,000,000 shares authorized; 33,845,931 and 32,445,931 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively		3,385			3,245
Additional paid-in capital		25,091,372			24,844,494
Accumulated deficit		(29,151,631	)		(28,746,629	)
Total stockholders’ deficit		(4,056,852	)		(3,898,874	)
Total liabilities and stockholders’ deficit	$	526,608		$	610,195

See accompanying notes to condensed consolidated financial statements.

METALERT INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

	2024			2023			2024			2023
	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Product sales	$	16,607		$	36,232		$	41,549		$	90,623
Service income		27,556			12,607			50,932			30,909
Total revenues		44,163			48,839			92,481			121,532

Cost of products sold		11,851			40,719			16,326			66,781
Cost of other revenue		3,082			2,594			3,737			6,899
Total cost of goods sold		14,933			43,313			20,063			73,680

Gross margin		29,230			5,526			72,418			47,852

Operating expenses:
Wages and benefits		48,918			118,849			131,801			242,494
Professional fees		11,138			20,399			67,420			51,923
Sales and marketing expenses		3,075			-			10,859			(20	)
General and administrative		53,693			47,569			125,939			113,458

Total operating expenses		116,824			186,817			336,019			407,855

Loss from operations		(87,594	)		(181,291	)		(263,601	)		(360,003	)

Other income/(expenses):
Gain/(loss) on settlement of debt		-			44,217			-			44,217
Gain/(loss) on marketable securities		-			-			-			(34	)
Amortization of debt discount		(8,836	)		(21,165	)		(20,236	)		(42,219	)
Interest expense and financing costs		(57,428	)		(50,345	)		(121,165	)		(99,691	)

Total other income/(expenses)		(66,264	)		(27,293	)		(141,401	)		(97,727	)

Net loss		(153,858	)		(208,584	)		(405,002	)		(457,730	)

Net loss attributable to common shareholders	$	(153,858	)	$	(208,584	)	$	(405,002	)	$	(457,730	)

Weighted average number of common shares outstanding - basic and diluted		33,845,931			22,896,968			33,672,305			22,096,739

Net income/(loss) per common share - basic and diluted	$	(0.00	)	$	(0.02	)	$	(0.01	)	$	(0.02	)

See accompanying notes to condensed consolidated financial statements.

METALERT INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

Three Months Ended June 30, 2024 and June 30, 2023 (Unaudited)

For the Three Months Ended June 30, 2024 (Unaudited)

	Issued		Amount		Issued		Amount		Issued		Amount		Issued		Amount		Issued		Amount		Capital		Deficit			(Deficit)
	Series A Preferred				Series B Preferred				Series C Preferred				Series D Preferred				Common Shares
	Shares				Shares				Shares				Shares				Shares				Additional Paid-In		Accumulated			Total Stockholders’
	Issued		Amount		Issued		Amount		Issued		Amount		Issued		Amount		Issued		Amount		Capital		Deficit			Deficit
Balance March 31, 2024		13,846	$	14		3	$	-		6	$	-		75,000	$	8		33,845,931	$	3,385	$	25,091,372	$	(28,997,774	)	$	(3,902,995	)
Issuance of common stock for services		-		-		-		-		-		-		-		-		-		-		-		-			-
Issuance of preferred stock for financings		-		-		-		-		-		-		-		-		-		-		-		-
Net income (loss)		-		-		-		-		-		-		-		-		-		-		-		(153,858	)		(153,858	)
Balance June 30, 2024		13,846	$	14		3	$	-		6	$	-		75,000	$	8		33,845,931	$	3,385	$	25,091,372	$	(29,151,631	)	$	(4,056,852	)

For the Three Months Ended June 30, 2023 (Unaudited)

	Series A Preferred				Series B Preferred				Series C Preferred				Series D Preferred				Common Shares
	Shares				Shares				Shares				Shares				Shares				Additional Paid-In		Accumulated			Total Stockholders’
	Issued		Amount		Issued		Amount		Issued		Amount		Issued		Amount		Issued		Amount		Capital		Deficit			Deficit
Balance March 31, 2023		13,846	$	14		3	$	-		6	$	-		-	$	-		22,833,465	$	2,283	$	24,297,833	$	(27,805,617	)	$	(3,505,487	)
Issuance of common stock for the conversion of notes		-		-		-		-		-		-		-		-		577,877		58		5,721		-			5,779
Net income (loss)		-		-		-		-		-		-		-		-		-		-		-		(208,584	)		(208,584	)
Balance June 30, 2023		13,846	$	14		3	$	-		6	$	-		-	$	-		23,411,342	$	2,341	$	24,303,554	$	(28,014,201	)	$	(3,708,292	)

METALERT INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

Six Months Ended June 30, 2024 and June 30, 2023 (Unaudited)

For the Six Months Ended June 30, 2024 (Unaudited)

	Series A Preferred				Series B Preferred				Series C Preferred				Series D Preferred				Common Shares
	Shares				Shares				Shares				Shares				Shares				Additional Paid-In		Accumulated			Total Stockholders’
	Issued		Amount		Issued		Amount		Issued		Amount		Issued		Amount		Issued		Amount		Capital		Deficit			Deficit
Balance December 31, 2023		13,846	$	14		3	$	-		6	$	-		15,000	$	2		32,445,931	$	3,245	$	24,844,494	$	(28,746,629	)	$	(3,898,874	)

Issuance of common stock for services		-		-		-		-		-		-		-		-		1,400,000		140		46,884		-			47,024
Issuance of preferred stock for financings		-		-		-		-		-		-		60,000		6		-		-		199,994		-			200,000
Net income (loss)		-		-		-		-		-		-		-		-		-		-		-		(405,002	)		(405,002	)
Balance June 30, 2024		13,846	$	14		3	$	-		6	$	-		75,000	$	8		33,845,931	$	3,385	$	25,091,372	$	(29,151,631	)	$	(4,056,852	)

For the Six Months Ended June 30, 2023 (Unaudited)

	Series A Preferred				Series B Preferred				Series C Preferred				Series D Preferred				Common Shares
	Shares				Shares				Shares				Shares				Shares				Additional Paid-In		Accumulated			Total Stockholders’
	Issued		Amount		Issued		Amount		Issued		Amount		Issued		Amount		Issued		Amount		Capital		Deficit			Deficit
Balance December 31, 2022		13,846	$	14		3	$	-		6	$	-		-		-		17,179,794	$	1,718	$	24,241,862	$	(27,556,471	)	$	(3,312,877	)
Beginning balance		13,846	$	14		3	$	-		6	$	-		-		-		17,179,794	$	1,718	$	24,241,862	$	(27,556,471	)	$	(3,312,877	)
Issuance of common stock for the conversion of notes		-		-		-		-		-		-						6,231,548		623		61,692		-			62,315
Net income (loss)		-		-		-		-		-		-		-		-		-		-		-		(457,730	)		(457,730	)
Balance June 30, 2023		13,846	$	14		3	$	-		6	$	-		-		-		23,411,342	$	2,341	$	24,303,554	$	(28,014,201	)	$	(3,708,292	)
Ending balance		13,846	$	14		3	$	-		6	$	-		-		-		23,411,342	$	2,341	$	24,303,554	$	(28,014,201	)	$	(3,708,292	)

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

METALERT INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	2024			2023
	Six Months Ended June 30,
	2024			2023
Cash flows from operating activities
Net loss	$	(405,002	)	$	(457,730	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		43,919			16,670
Change in fair value of marketable securities		-			34
Stock based compensation		47,024			-
Amortization of debt discount		20,236			42,219
Gain on the settlement of debt and accrued interest		-			27,537
Gain on extinguishment of debt		-			16,680
Changes in operating assets and liabilities:
Accounts receivable		168			1,038
Inventory		5,098			13,647
Other current and non-current assets		(1,463	)		3,275
Accounts payable and accrued expenses		(230,134	)		113,980
Accrued expenses - related parties		209,438			132,654
Accrued interest and financing costs		56,302			(94,518	)
Deferred revenues		1,499			(6,300	)
Due to/from Officers		-			35,000

Net cash used in operating activities		(252,915	)		(155,814	)

Cash flows from investing activities
Property, plant and equipment purchases		(3,000	)		-

Net cash used in investing activities		(3,000	)		-

Cash flows from financing activities
Proceeds from line of credit		-			46,881
Proceeds from sale of preferred stock		200,000			-
Proceeds from the issuance of debt		40,000			190,000
Payments on line of credit		(8,019	)		(27,791	)
Payments on debt		(14,930	)		(16,722	)

Net cash provided by financing activities		217,051			192,368

Net change in cash and cash equivalents		(38,864	)		36,554

Cash and cash equivalents, beginning of period		68,440			8,535

Cash and cash equivalents, end of period	$	29,576		$	45,089

Supplemental disclosure of cash flow information:
Income taxes paid	$	-		$	-
Interest paid	$	-		$	-

Supplemental disclosure of noncash investing and financing activities:
Issuance of common stock for conversion of debt and interest	$	-		$	62,315
Debt discount on convertible notes	$	8,000		$	7,150

See accompanying notes to condensed consolidated financial statements.

METALERT INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2023

(Unaudited)

1. ORGANIZATION AND BASIS OF PRESENTATION

During the periods covered by these financial statements, MetAlert, Inc. and its subsidiaries (the “Company”, “MetAlert”, “we”, “us”, and “our”) were engaged in business operations that design, manufacture and sell various interrelated and complementary products and services in the wearable technology and Personal Location Services marketplace. MetAlert owns 100% of the issued and outstanding capital stock of its two subsidiaries - Global Trek Xploration, Inc., Level 2 Security Products, Inc.

Global Trek Xploration, Inc. is a wearable technology company which designs, manufactures, sells, and distributes tracking and remote patient monitoring solutions for humans, by utilizing patent protected proprietary hardware, software, connectivity, Global Positioning System (“GPS”) and Bluetooth Low Energy (“BLE”) monitoring and tracking platform, which provides real-time tracking and monitoring of people. Utilizing a miniature quad-band GPRS transceiver, antenna, circuitry, battery and inductive charging pad our solutions can be customized and integrated into numerous products whose location and movement can be monitored in real time over the Internet through our 24x7 tracking portal or on a web enabled cellular telephone. Our core products and services are supported by an IP portfolio of patents, patents pending, registered trademarks, copyrights, URL’s and a library of software source code, all of which is managed by Global Trek.

Level 2 Security Products, Inc. is in the high value non-human asset monitoring and recovery business for items such as firearms, vehicles, bikes, boats, ATVs, and a host of other valuable mobile assets which require oversight monitoring and theft recovery.

LOCiMOBILE, Inc’s, digital assets are now under the management of the parent company MetAlert and remain there, post dissolution, of the corporate entity (LOCiMobile, Inc.). The Company’s digital platform which has been at the forefront of Smartphone application (“App”) development since 2008 designs mobile applications that turn the iPhone, iPad, Android and other GPS enabled handsets into a tracking device which can then be tracked from any mobile device or through our proprietary tracking portal or on any connected device with internet access.

Basis of Presentation

The accompanying unaudited consolidated financial statements of MetAlert have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and applicable regulations of the U.S. Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been omitted pursuant to such rules and regulations. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair statement of financial position and results of operations have been included. Our operating results for the six months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. The accompanying unaudited consolidated financial statements should be read in conjunction with our audited consolidated financial statements for the year ended December 31, 2023, which are included in our Annual Report on Form 10-K.

The accompanying consolidated financial statements reflect the accounts of MetAlert, Inc. and its wholly-owned subsidiaries. All significant inter-company balances and transactions have been eliminated.

Going Concern

The consolidated financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company incurred losses and negative cash flows from operations during the period ended June 30, 2024 and has negative working capital of $4,168,974 as of June 30, 2024 and used cash in operations during the period then ended. The Company anticipates further losses in the development of its business. These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date the financial statements are issued. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to raise additional funds and implement its business plan until such time as revenues and related cash flows are sufficient to fund our operations.

The Company’s financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.

The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. The Company’s ability to raise additional capital through the future issuances of debt or equity is unknown.

2. SIGNIFICANT ACCOUNTING POLICIES

Revenue Recognition

The Company recognizes revenue in accordance with ASU 2014-09, Revenue from Contracts with Customers (Topic 606), (“ASC 606”). The underlying principle of ASC 606 is to recognize revenue to depict the transfer of goods or services to customers at the amount expected to be collected. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contract(s), which include (1) identifying the contract or agreement with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied.

We derive our revenues primarily from hardware sales, subscription services fees, IP licensing and professional services fees. Hardware includes our SmartSole, GunAlert, Military and other Stand-Alone Devices. Subscription services revenues consist of fees from customers accessing our Geo-Location cloud-based platform through subscription or license fee, that are billed monthly, quarterly, semi-annual or annually.

Product sales

At the inception of each customer sale, either online or through a purchase order, we assess the goods and services promised in our contracts and identify each distinct performance obligation. The Company recognizes revenue upon the transfer of control of promised products or services to the customer in an amount that depicts the consideration the Company expects to be entitled to for the related products or services. For the large majority of the Company’s sales, transfer of control occurs once the product has shipped and title and risk of loss have transferred to the customer.

Services Income

The Company’s software solutions are available for use as hosted application arrangements under subscription fee agreements without licensing perpetual rights to the software. Subscription fees from these applications are recognized over time on a ratable basis over the customer agreement term beginning on the date the Company’s solution is made available to the customer. Our subscription contracts are generally one to three months in length. Amounts that have been invoiced are recorded in accounts receivable and deferred revenues or revenues, depending on whether the revenue recognition criteria have been met.

Other revenue can include various items, such as our professional services arrangements that are recognized on a time and materials basis. Professional services revenues recognized on a time and materials basis are measured monthly based on time incurred and contractually agreed upon rates. Certain professional services revenues are based on fixed fee arrangements and revenues are recognized based on the proportional performance method. In some cases, the terms of our time and materials and fixed fee arrangements may require that we defer the recognition of revenue until contractual conditions are met. Data services and training revenues are generally recognized as the services are performed. Additionally, we have had non-compete revenue from the sale of assets, engineering, and design work, all of which are recognized over the term of the agreed contracts.

Licensing Revenue

Licensing revenue recorded by the Company relates exclusively to the Company’s monetization of IP licenses. The Company recognizes revenue for licensing under ASC 606, which provides revenue recognition constraints by requiring the recognition of revenue at the later of the following: 1) sale or usage of the products or 2) satisfaction of the performance obligations.

Disaggregation of Net Sales

The following table shows the Company’s disaggregated net sales by product type:

SCHEDULE OF DISAGGREGATION OF NET SALES

	Six Months Ended June 30, 2024		Six Months Ended June 30, 2023
Product sales	$	41,549	$	90,623
Service income		50,932		30,909
Total	$	92,481	$	121,532

The following table shows the Company’s disaggregated net sales by customer type:

	Six Months Ended June 30, 2024		Six Months Ended June 30, 2023
B2B	$	55,455	$	77,921
B2C		37,026		43,611
Total	$	92,481	$	121,532

Allowance for Doubtful Accounts

We extend credit based on our evaluation of the customer’s financial condition. We carry our accounts receivable at net realizable value. We monitor our exposure to losses on receivables and maintain allowances for potential losses or adjustments. We determine these allowances by (1) evaluating the aging of our receivables; and (2) reviewing high-risk customer’s financial condition. Past due receivable balances are written off when our internal collection efforts have been unsuccessful in collecting the amount due. Our allowance for doubtful accounts was $11,599 as of June 30, 2024 and December 31, 2023, respectively.

Shipping and Handling Costs

Shipping and handling costs are included in cost of goods sold in the accompanying consolidated statements of operations.

Product Warranty

The Company’s warranty policy provides repair or replacement of products (excluding GPS Shoe devices) returned for defects within ninety days of purchase. The Company’s warranties are of an assurance-type and come standard with all Company products to cover repair or replacement should product not perform as expected. Provisions for estimated expenses related to product warranties are made at the time products are sold. These estimates are established using historical information about the nature, frequency and average cost of warranty claim settlements as well as product manufacturing and recovery from suppliers. Management actively studies trends of warranty claims and takes action to improve product quality and minimize warranty costs. The Company estimates the actual historical warranty claims coupled with an analysis of unfulfilled claims to record a liability for specific warranty purposes. As of June 30, 2024 and December 31, 2023, products returned for repair or replacement have been immaterial. Accordingly, a warranty liability has not been deemed necessary.

Use of Estimates

The preparation of the accompanying unaudited financial statements in conformity with generally accepted accounting principles 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. These estimates include, but are not limited to, estimates related to revenue recognition, allowance for doubtful accounts, inventory valuation, tangible and intangible long-term asset valuation, warranty and other obligations and commitments. Estimates are updated on an ongoing basis and are evaluated based on historical experience and current circumstances. Changes in facts and circumstances in the future may give rise to changes in these estimates which may cause actual results to differ from current estimates.

Fair Value Estimates

Pursuant to the Accounting Standards Codification (“ASC”) No. 820, “Disclosures About Fair Value of Financial Instruments”, the Company records its financial assets and liabilities at fair value. ASC No. 820 provides a framework for measuring fair value, clarifies the definition of fair value and expands disclosures regarding fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the reporting date. ASC No. 820 establishes a three-tier hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:

	Level 1 -	Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date.

	Level 2 -	Inputs (other than quoted prices included in Level 1) are either directly or indirectly observable for the asset or liability through correlation with market data at the measurement date and for the duration of the asset/liability’s anticipated life.

	Level 3 -	Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model.

The carrying values for cash and cash equivalents, accounts receivable, investment in marketable securities, other current assets, accounts payable and accrued liabilities approximate their fair value due to their short maturities. The carrying values of notes payable and other financing obligations approximate their fair values because interest rates on these obligations are based on prevailing market interest rates.

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in the consolidated financial statements herein.

Concentrations

We currently rely on two manufacturers to supply us with our GPS SmartSole and two manufacturers to supply us with the GPS device included in the GPS SmartSole. The loss of either of these manufacturers could severely impede our ability to manufacture the GPS SmartSole.

We currently rely on one manufacturer to supply us with our GPS GunAlert and one manufacturer to supply us with the GPS device included in the GPS GunAlert. The loss of this manufacturer could severely impede our ability to manufacture the GunAlert tracking solution.

As of June 30, 2024, the Company had four customers representing approximately 36%, 19%, 17% and 12% of sales, respectively, and three customers representing approximately 33%, 12%, and 11% of total accounts receivable, respectively. As of June 30, 2023, the Company had four customers representing approximately 29%, 29%, 15% and 14% of sales, respectively, and two customers representing approximately 14%, and 8% of total accounts receivable, respectively.

Stock-based Compensation

The Company accounts for share-based awards to employees and nonemployee directors and consultants in accordance with the provisions of ASC 718, Compensation—Stock Compensation (“ASC 718”). Under ASC 718, share-based awards are valued at fair value on the date of grant and that fair value is recognized over the requisite service, or vesting, period. The Company values its equity awards using the Black-Scholes option pricing model, and accounts for forfeitures when they occur.

Marketable Securities

The Company’s securities investments that are acquired and held principally for the purpose of selling them in the near term are classified as trading securities. Trading securities are recorded at fair value based on quoted market price (level 1) on the balance sheet in current assets, with the change in fair value during the period included in earnings. As of June 30, 2024 and December 31, 2023 the fair value of our investment in marketable securities was $649.

Derivative Liabilities

Our derivative instrument liabilities are re-valued at the end of each reporting period, with changes in the fair value of the derivative liability recorded as charges or credits to income, in the period in which the changes occur. For bifurcated conversion options that are accounted for as derivative instrument liabilities, we determine the fair value of these instruments using the Black-Scholes option pricing model. This model requires assumptions related to the remaining term of the instrument and risk-free rates of return, our current Common Stock price and expected dividend yield, and the expected volatility of our Common Stock price over the life of the option.

At June 30, 2024 and December 31, 2023, the balance of the derivative liabilities was $0. It was determined at December 31, 2020 that the Preferred A shareholders having the majority vote, can agree to increase the number of authorized shares, if needed, to settle any convertible debt, and thus the liability is $0.

Net Loss Per Common Share

Basic loss per share is computed by dividing the net loss applicable to common stockholders by the weighted average number of outstanding common shares during the period. Shares of restricted stock are included in the basic weighted average number of common shares outstanding from the time they vest. Diluted loss per share is computed by dividing net loss applicable to common stockholders by the weighted average number of common shares outstanding plus the number of additional common shares that would have been outstanding if all dilutive potential common shares had been issued. Shares of restricted stock are included in the diluted weighted average number of common shares outstanding from the date they are granted unless they are antidilutive. Diluted loss per share excludes all potential common shares if their effect is anti-dilutive. The following potentially dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive:

	2024		2023
	June 30,
	2024		2023
Warrants		200,000		746,154
Preferred B shares		18,462		17,046
Preferred C shares		6,154		10,390
Preferred D shares		7,500,000		-
Conversion shares upon conversion of notes		114,808,847		88,266,791
Total		122,533,463		89,040,381

Segments

The Company operates in one segment for the manufacture and distribution of its products. In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in: economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes. Since the Company operates in one segment, all financial information required by “Segment Reporting” can be found in the accompanying financial statements.

Recently Issued Accounting Pronouncements

There are other new accounting pronouncements issued by the FASB that the Company has adopted or will adopt, as applicable, and the Company does not believe any of these accounting pronouncements have had, or will have, a material impact on its consolidated financial statements or disclosures.

3. INVESTMENT IN MARKETABLE SECURITIES

The Company’s investments include marketable securities of two entities whereby the Company’s ownership is less than 5%. As of June 30, 2024 and December 2023, the securities were valued at $649, respectively.

4. INVENTORY

Inventories consist of the following:

SCHEDULE OF INVENTORY

	June 30, 2024		December 31, 2023
Raw materials	$	13,826	$	24,936
Finished goods		212,894		206,882
Total Inventories	$	226,720	$	231,818

5. PROPERTY AND EQUIPMENT

Property and equipment, net, consists of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT

	June 30, 2024			December 31, 2023
Software	$	25,890		$	25,890
Website development		91,622			91,622
Software development		397,772			394,772
Equipment		1,750			1,750
Property and equipment, gross		1,750			1,750
Less: accumulated depreciation		(504,384	)		(488,254	)
Total property and equipment, net	$	12,650		$	25,780

Depreciation expense for the period ended June 30, 2024 and 2023 was $16,130 and $16,670, respectively, and is included in general and administrative expenses.

6. INTANGIBLE ASSETS

Intangible assets, net, consists of the following:

SCHEDULE OF INTANGIBLE ASSETS

	June 30, 2024			December 31, 2023
Trademarks	$	3,308		$	3,308
Tooling and molds		25,300			25,300
Website development		9,400			9,400
Software development		191,457			191,457
Acquired patents and trademarks		50,000			50,000
Intangible assets, gross		50,000			50,000
Less: accumulated amortization		(45,493	)		(17,704	)
Total intangible assets, net	$	233,972		$	261,761

Amortization expense for the period ended June 30, 2024, and 2023 was $27,789, which included $551 in amortization related to non-Level 2 amortization for trademarks, and $0 respectively, and is included in general and administrative expenses.

As part of the Level 2 Securities LLC acquisition, the Company determined the value of the IP (various tooling, product and software development, trademarks, and patents costs) at this early stage, pre-revenue, by taking the accumulated selected costs, summing them by category, and calculating each categories percent of the total, to come up with a list of capitalizable assets that had value as part of the merger. These accumulated capitalized costs were then applied an obsolescence factor to discount those values, allowing for an arm’s length, non-bargain purchase price. This allocation of the IP was done using the cost approach as the economic benefit to MetAlert are the avoided costs spent to date, and thus would not have to spend those development costs going forward ourselves.

This method is especially relevant when there are no reliable forecasts for the business at date of acquisition or said forecasts would involve a lot of speculation. We then determined that a 5-year amortization period for these assets would be considered reasonable.

7. NOTES AND LOANS PAYABLE

The following table summarizes the components of our short-term borrowings:

	June 30, 2024		December 31, 2023
(a) Term loan	$	146,195	$	146,195
(b) Revolving line of credit		7,000		7,000
(b) Revolving line of credit		87,020		95,040
Total	$	240,215	$	248,235

(a) Term loans

In 2022, the Company entered into an unsecured short-term loan agreements with various third parties for an aggregate principal balance of $145,000 at an interest rate of 5% per annum, with the interest adjusted to 10% in the case of a default. One loan for $25,000 was paid in full on April 14, 2022, leaving $120,000 outstanding as of December 31, 2022.

In September of 2019, the Company entered into an unsecured term loan agreement with a third party for an aggregate principal balance of $50,000 at an interest rate of 5% per annum in relation to an Asset Purchase Agreement. The term loan became due on December 31, 2020, and is currently past due. The balance outstanding on the note as of June 30, 2024 was $34,176, which included $7,981 in interest, $4,500 in cash payments to principal and reductions of $26,195 due to sublet fees for office space and principal payments.

(b) Lines of Credit

The Company obtained a revolving line of credit agreement with an accredited investor of $500,000 during 2018.

The line bears interest of 8.5%. The line is based upon MetAlert providing the investor with purchase orders and use of proceeds, including production of goods schedules and loan repayment timelines. These loans/drawdowns are specifically for product, inventory and/or purchase order financing. As if June 30, 2024, the balance is $7,000.

The Company also has an unsecured line of credit, guaranteed by its CEO, with its business bank, Union Bank, whereby funds can be borrowed at a revolving adjustable rate of 2 points over prime, currently 8.25%, with a max borrowing amount of $100,000. The balance at June 30, 2024 and December 31, 2023 was 87,020 and $91,065, with $0 having been borrowed and $8,019 paid back in the June 30, 2024 period.

8. CONVERTIBLE PROMISSORY NOTES

As of June 30, 2024 and December 31, 2023, the Company had a total of $1,518,000 and $1,454,142, respectively, of outstanding convertible notes payable, which consisted of the following:

SCHEDULE OF CONVERTIBLE NOTES PAYABLE

	June 30, 2024			December 31, 2023
Convertible Notes – with fixed conversion, past due	$	415,500		$	415,500
Convertible Notes – with fixed conversion		840,500			732,500
Convertible Notes – with fixed conversion and OID		-			74,930
Convertible Note – with variable conversion		68,000			68,000
Notes issued in relation to acquisition – with fixed conversion		200,000			200,000
Total convertible notes		200,000			200,000
Less: Debt discount		(6,000	)		(6,788	)
Total convertible notes, net of debt discount	$	1,518,000		$	1,484,142

Included in Convertible Notes - with fixed conversion terms, are loans provided to the Company from various investors These notes carry simple interest rates ranging from 0% to 14% per annum and with terms ranging from 1 to 2 years. In lieu of the repayment of the principal and accrued interest, the outstanding amounts are convertible, at the option of the note holder, generally at any time on or prior to maturity and automatically under certain conditions, into the Company’s common shares at $0.015 to $0.30 per share. These notes became due in 2017 and prior, and are currently past due.

During the twelve months ending December 31, 2023, noteholders converted $31,515 of notes with accrued interest of $4,015 into 31,151,537 shares of common stock. On March 14, 2023, the Company entered into an unsecured short-term loan agreement with a third party for an aggregate of $74,650 with an interest rate of 12%, an original issue discount of $7,150, financing costs of $2,500, with installment payments of $8,361 paid back monthly starting 45 days from the issuance date, with all $74,650 of payments having been paid in full as of January 31, 2024. This same lender entered into another unsecured note on December 8, 2023, for $68,000 with a 35% discount to market, if the note is not paid back by September 30, 2024.

During the twelve months ended December 31, 2023, an additional $35,000 of the Company’s executive notes were transferred to third parties for cash. The transferred notes had no change in terms thus no resulting gain or loss on the extinguishment and transfer. As per the original terms the notes bear a 10% annual interest rate, gives the holder the right, but not the obligation to convert up to 50% of the amount advanced and accrued interest into shares, warrants or options of common or preferred stock of the Company at fixed rate of $0.01 per share.

A noteholder invested $125,000 on June 9, 2023, and an additional $35,000 on September 20, 2023, in the Company with convertible notes at a 10% interest rate and a fixed conversion price of $0.04 and $0.05, respectively.

On July 25, 2023, and August 30, 2023, a noteholder invested $30,000 each in the Company with convertible notes that have a 17% OID and a fixed conversion price of $0.11. On June 8, 2024, this same noteholder consolidated their loan into a new $108,000 note with a 20% OID and a fixed conversion price of $0.03.

During the twelve months ended December 31, 2023, the Company consolidated various past-due convertible promissory notes in an aggregate amount of $400,000 inclusive of interest at a 12% interest rate and with conversion rates ranging from .30 to $9.75 with an investor into a new single note. The convertible promissory note agreement bears interest at seven (6%) percent, has a one (1) year maturity date. The note may be repaid in whole or in part any time prior to maturity. The promissory note is convertible at the investor’s sole discretion, into common shares at a conversion price of $4.00. The resulting modification of the notes resulted in a forgiveness of accrued interest of $27,537.

During the twelve months ended December 31, 2023, the Company issued $200,000 in convertible notes in conjunction with the purchase of Level 2 Securities, LLC. These notes agreements bear an interest rate of 10% and are convertible at the investor’s sole discretion, into common shares at a conversion price of $0.01.

As of June 30, 2024, and December 31, 2023 $415,500 of these convertible notes are currently past due, with no associated penalties.

9. CARE Loans

SCHEDULE OF LOANS PAYABLE

	June 30, 2024		December 31, 2023
EIDL loan – short term	$	15,500	$	12,972
EIDL loan – long term		134,500		137,028
Total CARE loans	$	150,000	$	150,000

Economic Injury Disaster Loan

On June 10, 2020, the Company executed a secured loan with the U.S. Small Business Administration (SBA) under the Economic Injury Disaster Loan program in the amount of $150,000. The loan is secured by all tangible and intangible assets of the Company and payable over 30 years at an interest rate of 3.75% per annum. Installment payments, including principal and interest, started in December 2022.

As of June 30, 2024 and December 31, 2024, short term amounts due under the loan include planned principle payments in the next twelve months and any payments considered past due.

10. RELATED PARTY TRANSACTIONS

Convertible Notes Due to Related Parties

During the period ended June 30, 2024, there was no change in related party notes.

During the period ended December 31, 2023, the related parties converted $40,000 of debt, plus interest, for 4,269,600 shares of common stock. Additionally, the Company’s executives transferred $35,000 of their outstanding employee notes for cash to a third party. Lastly, one executive applied various payments to a note. The transferred notes had no change in terms, thus resulting in no gain or loss on the extinguishment related to the transfer of debt, making the outstanding balance on the related party notes on December 31, 2023, as $1,219,313, net of debt discounts.

Accrued wages and costs - In order to preserve cash for other working capital needs, various officers, members of management, employees and directors agreed to defer portions of their wages and sometimes various out-of-pocket expenses. As of March 31, 2024, and December 31, 2023, the Company owed $195,791, respectively, for such deferred wages and other expenses owed for other services which are included in the accrued expenses – related parties on the accompanying balance sheet. There were no new related party transactions in the quarter ended June 30, 2024.

Officer Loans

On November 18, 2022, an officer loaned the Company $10,000 at a 10% interest rate on a short-term basis.

During the period ended December 31, 2023, the same office loaned another $3,500, was paid $2,000 in principal and $850 in interest, leaving a balance of $11,500 in principal on December 31, 2023.

A second officer loaned the Company $35,000, both at the 10% interest rate, with a total of $2,000 in principal and $850 in interest being paid back during the six months ended June 30, 2024.

For the period ending June 30, 2024, the outstanding balance on officer loans was $46,500.

11. EQUITY

The Company has 10,000,000 shares of preferred stock authorized. From this pool the following preferred shares have been classified as:

Preferred Stock – Series A

The Company is authorized to issue 1,000,000 of Series A preferred shares, which shares have voting rights equal to two-thirds of all the issued and outstanding shares of common stock. Holders of Series A preferred shares, shall be entitled to vote on all matters of the corporation, and shall have the majority vote of the board of directors.

As of all dates presented in these financial statements, it was determined that the Preferred A shareholders having the majority vote, can agree to increase the number of authorized shares, if needed, to settle any convertible debt, and thus any derivative liabilities are not necessary to reserve for this.

Preferred Stock – Series B

The Company is authorized to issue 10,000 shares of preferred stock to be designated available for Series B preferred shares that have a stated value of $1,000 each and are convertible into common shares at fixed price of $0.0025. Holders shall be entitled to receive, and the Company shall pay, dividends on shares of Series B Preferred Stock equal (on an as converted-to-Common-Stock basis) to and in the same form as dividends actually paid on shares of the Common Stock when, as and if such dividends are paid on shares of the Company’s Common Stock. No other dividends shall be paid on shares of Series B Preferred Stock, and they shall have no voting rights and have liquidation preference.

Preferred Stock – Series C

The Company authorized to issue 1,000 shares of preferred stock to be designated available for Series C preferred shares that have a stated value of $1,000 each and are convertible into common shares at fixed price of $0.015. Holders shall be entitled to receive, and the Company shall pay, dividends on shares of Series C Preferred Stock equal (on an as converted-to-Common-Stock basis) to and in the same form as dividends actually paid on shares of the Common Stock when, as and if such dividends are paid on shares of the Company’s Common Stock. No other dividends shall be paid on shares of Series C Preferred Stock, and they shall have no voting rights and have liquidation preference.

Preferred Stock – Series D

The Company is authorized to issue 100,000 shares of preferred stock to be designated available for Series D preferred shares that have a convertible value into 100 shares of the Company’s common stock. The holder(s) of the shares of Series D Preferred Stock shall have no other rights, privileges or preferences with respect to the Series D Preferred Stock.

During the period ended December 31, 2023, the Company issued 15,000 Series D preferred shares and to an accredited investor for their $100,000 investment in the financing. The Series D preferred shares shall have a fixed conversion price equal to 100 shares of common stock, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock.

During the period ended March 31, 2024, the Company issued 60,000 Series D preferred shares and to an accredited investor for their $200,000 investment in the financing. The Series D preferred shares shall have a fixed conversion price equal to 100 shares of common stock, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock. The Company considered the accounting effects of the existence of the conversion feature of the Series D Preferred Stock at the date of issuance. As of the period ended June 30, 2024, there is an 8 balance in the preferred D.

Common Stock

During the period ending June 30, 2024, the Company issued 1,400,000 shares of its common stock to consultants for services valued at $47,024.

During the period ending June 30, 2023, the Company issued 6,231,548 shares of its common stock, with a value of $62,315 to various noteholders and employees for conversions of their notes within the terms, resulting in no gain or loss on the transaction.

Common Stock Warrants

A summary of the Company’s warrant activity and related information is provided below:

SCHEDULE OF WARRANT ACTIVITY

	Exercise Price $		Number of Warrants
Outstanding and exercisable at December 31, 2023		0.05 – 2.60		846,154
Warrants exercised		-		-
Warrants granted		-		-
Warrants expired		0.05-2.6		(646,154	)
Outstanding and exercisable at June 30, 2024		0.05- 2.60		200,000

Stock Warrants as of June 30, 2024
Exercise		Warrants		Remaining		Warrants
Price		Outstanding		Life (Years)		Exercisable
$	0.15		100,000		1.62		100,000
$	0.1625		100,000		0.39		100,000

During the period ended June 30, 2024, the Company did not issue any warrants, with 646,154 of warrant expiring, leaving a balance at June 30, 2024 of 200,000.

During the period ended June 30, 2023, the Company issued 300,000 warrants to an investor as part of the terms on their convertible note, and 157,692 of warrant expired, leaving a balance at June 30, 2023 of 746,154.

The outstanding and exercisable warrants at June 30, 2024 had an intrinsic value of approximately $7,480.

Common Stock Options

Under the Company’s 2008 Equity Compensation Plan (the “2008 Plan”), we are authorized to grant stock options intended to qualify as Incentive Stock Options, “ISO”, under Section 422 of the Internal Revenue Code of 1986, as amended, non-qualified options, restricted and unrestricted stock awards and stock appreciation rights to purchase up to 7,000,000 shares of common stock to our employees, officers, directors and consultants, with the exception that ISOs may only be granted to employees of the Company and its subsidiaries, as defined in the 2008 Plan.

The 2008 Plan provides for the issuance of a maximum of 7,000,000 shares, of which, after adjusting for estimated pre-vesting forfeitures and expired options, approximately 2,235,000 were available for issuance as of June 30, 2024.

No options were granted or outstanding as of the period ending June 30, 2024.

12. COMMITMENTS & CONTINGENCIES

Bonuses

The Company has an employment agreement with its CEO which, among other provisions, provide for the payment of a bonus, as determined by the Board of Directors, in amounts ranging from 15% to 50% of the executive’s yearly compensation, to be paid in cash or stock at the Company’s sole discretion, if the Company has an increase in year over year revenues and the Executive performs his duties (i) within the time frame budgeted for such duties and (ii) at or below the cost budgeted for such duties. No such bonuses were declared or accrued during the periods ending June 30, 2024 or 2023.

Contingencies

From time to time, we may be involved in routine legal proceedings, as well as demands, claims and threatened litigation that arise in the normal course of our business. The ultimate amount of liability, if any, for any claims of any type (either alone or in the aggregate) may materially and adversely affect our financial condition, results of operations and liquidity. In addition, the ultimate outcome of any litigation is uncertain. Any outcome, whether favorable or unfavorable, may materially and adversely affect us due to legal costs and expenses, diversion of management attention and other factors. We expense legal costs in the period incurred. We cannot assure you that additional contingencies of a legal nature or contingencies having legal aspects will not be asserted against us in the future, and these matters could relate to prior, current or future transactions or events. As of June 30, 2024, there was no pending or threatened litigation against the Company.

13. SUBSEQUENT EVENTS

On July 29, 2024, we issued 250,000 shares of common stock with a value of $6,000 to a consultant for services related to sales for the GunAlert. This agreement allows for the issuance of an additional 250,000 shares upon such time as the consultant reaches milestones related to the agreement.

On July 29, 2024, we issued 250,000 shares of common stock with a value of $6,000 to a consultant for services related to sales for the GunAlert.

On August 2, 2024, the Company entered into a Securities Purchase Agreement (“SPA”) for $300,000 with an investor. The SPA includes convertible promissory notes that will total $345,000 with an original issue discount of $45,000. The funds will be paid to the Company in one or more tranches, with the maturity date beginning at the end of each tranche and for a period of twenty-four months. The note has a conversion rate of $0.035 and an interest rate of $5%. The first tranche for $50,000 was received on August 6, 2024.

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

FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q, including “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 2 of Part I of this report include forward-looking statements. These forward looking statements are based on our management’s current expectations and beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “proposed,” “intended,” or “continue” or the negative of these terms or other comparable terminology. You should read statements that contain these words carefully, because they discuss our expectations about our future operating results or our future financial condition or state other “forward-looking” information. Many factors could cause our actual results to differ materially from those projected in these forward-looking statements, including but not limited to: variability of our revenues and financial performance; risks associated with product development and technological changes; the acceptance our products in the marketplace by existing and potential future customers; general economic conditions. You should be aware that the occurrence of any of the events described in this Quarterly Report could substantially harm our business, results of operations and financial condition, and that upon the occurrence of any of these events, the trading price of our securities could decline. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, growth rates, levels of activity, performance or achievements. We are under no duty to update any of the forward-looking statements after the date of this Quarterly Report to conform these statements to actual results.

Introduction

Unless otherwise noted, the terms “MetAlert, Inc.”, the “Company”, “we”, “us”, and “our” refer to the ongoing business operations of MetAlert, Inc. and our wholly-owned subsidiaries, Global Trek Xploration, and Level 2 Security Products, Inc.

Organization and Presentation

Overview

Headquartered in Los Angeles, MetAlert has developed a suite of products and solutions, powered by a proprietary real time tracking technology platform, allowing remote monitoring, location-based tracking, health data collection of humans, and theft recovery for high value assets. Many of the products have a wide range of applications, focusing on addressing two pressing global problems: remote patient monitoring for people with cognitive decline, and the safety and recovery of firearms and other high value assets. Approximately 3% of the world’s population has a form of cognitive impairment, such as Alzheimer’s, dementia, autism and traumatic brain injury. And there are over 400 million firearms just in the United States alone. Each represents sizeable markets which Metalert has patent protected products and solutions for, that generate high margin recurring subscription service fees.

The Company was originally founded in 2002 as Global Trek Xploration, Inc. and, as part of a reverse merger, became publicly traded in 2008 as a 100% wholly owned subsidiary of GTX Corp, a Nevada corporation, under its former name “Deeas Resources Inc.” In September 2022, the public Company changed its name from GTX Corp to MetAlert, Inc. and effected a 1-for-65 reverse stock split of its issued and outstanding stock (OTC Pinks: MLRT). Post name change the Company kept its 2 wholly owned subsidiaries. During the periods covered by this report, MetAlert, Inc. and its subsidiaries were engaged in business operations that design, manufacture and sell various interrelated and complementary products and services in the wearable technology and Personal Location Services marketplace. In September of 2023, we acquired Level 2 Security, LLC and merged it into a new 100% wholly owned subsidiary Level 2 Security Products, Inc. During that period, the operations of LOCiMobile, Inc., another 100% wholly owned subsidiary, was consolidated under Global Trek Xploration and the corporate entity was dissolved. MetAlert now owns 100% of the issued and outstanding capital stock of its two operating subsidiaries - Global Trek Xploration, Inc. and Level 2 Security Products, Inc. The LOCiMOBILE digital assets are now under the management of the parent company MetAlert and remain there, post dissolution, of the corporate entity (LOCiMobile, Inc.). The Company’s digital platform which has been at the forefront of Smartphone application (“App”) development since 2008 designs mobile applications that turn the iPhone, iPad, Android and other GPS enabled handsets into a tracking device which can then be tracked from any mobile device or through our proprietary tracking portal or on any connected device with internet access.

Other technology that the Company has developed or resells includes health and safety monitoring products and wellness products that are complementary to our main product lines and general mission.

Operations

The Company designs, develops, manufactures, sells, and distributes health and safety monitoring products and services, along with other related medical supplies and equipment, and asset theft and recovery products and services, all through a global business to business (“B2B”) and business to consumer (“B2C”) network of resellers, affiliates, distributors, nonprofit organizations, local, state, and federal government agencies, police departments, manufacturers reps, retailers and direct to consumer. Offering a variety of electronic and non-electronic devices and equipment, a proprietary Internet of things (“IoT”) enterprise monitoring platform and a licensing subscription business model. The Company provides a complete end to end solution of hardware, middleware, apps, connectivity, licensing, and professional services, letting our customers know where or how someone, or something, is at the touch of a button, delivering safety, security, and peace of mind in real-time. Except for our military products and recently acquired Level 2 Security devices, all of our consumer and enterprise tracking products funnel into the MetAlert IoT monitoring platform which supports end user customers in over 35 countries. The Company is also in the business of licensing intellectual property, monetizing its patent portfolio, and providing backend infrastructure logistic and subscription management services.

Results of Operations

The following discussion should be read in conjunction with our interim consolidated financial statements and the related notes that appear elsewhere in this Quarterly Report.

Three Months Ended June 30, 2024 (“Q2 2024”) Compared to the Three Months Ended June 30, 2023 (“Q2 2023”)

	Three Months Ended June 30,
	2024						2023
	$			% of Revenues			$			% of Revenues

Product sales		16,607			39	%		36,232			74	%
Service income		27,556			61	%		12,607			26	%
Total revenues		44,163			100	%		48,839			100	%
Cost of products sold		11,851			26	%		40,719			83	%
Cost of service revenue		3,082			7	%		2,594			5	%
Cost of goods sold		14,933			33	%		43,313			89	%
Gross profit		29,230			67	%		5,526			11	%

Operating expenses:
Wages and benefits		48,918			109	%		118,849			243	%
Professional fees		11,138			25	%		20,399			42	%
Sales and marketing expenses		3,075			7	%		-			0	%
General and administrative		53,693			120	%		47,569			97	%
Total operating expenses		116,824			260	%		186,817			383	%

Gain (loss) from operations		(87,593	)		-194	%		(181,291	)		-371	%

Other income (expense)-, net		(66,264	)		-194	%		(27,293	)		-56	%
Net income (loss)		(153,858	)		-342	%		(208,584	)		-427	%

Revenues

Revenues were $44,163 for the three months ended June 30, 2024 compared to $48,839 for the three months ended June 30, 2023, representing a decrease of 10%, This decrease was primarily driven from transitioning out of direct-to-consumer PPE sales into our core B2B business and the effort to get the new Level 2 Security Products out to market.

As a result, during the second quarter ended June 30, 2024, we did not meet our overall revenue goals. We did however see some positive trends compared to Q2 2023, with international subscriptions increasing by 22% for the period ended Q2 2024 as compared to Q2 2023. SmartSole B2B sales increasing by 33% in Q2 of 2024, compared to Q2 of 2023. Unlike B2C sales, where subscriptions activate immediately after purchase, the B2B sales typically have a lag of between 2-4 months, allowing for the distributor to receive the inventory and then activate the customers unit as they sell into the marketplace. Thus, the increase in B2B subscriptions without the corresponding revenue increase, until the distributor inventories are depleted and replenished. Thus, we are seeing increased recurring revenues as these distributor product sales are turned on and activated, with a 119% increase from Q2 2024 as compared to Q2 2023.

This came as a direct result to some improvements in our production capacity, and we were able to streamline some manufacturing processes, thereby increasing our production quantities and enhancing our low inventory position. We were also able to leverage our OEM manufacturing in Germany. Overall, we still have some supply chain issues, but we are starting to see noticeable improvements in lead times, increases in inventory and shortening our time from order to delivery by 2-3 weeks on average. As we discussed last quarter, we are still evaluating ways to scale up production in the U.S., Germany and we are starting to look at Mexico to reduce costs by 10% to 18% and increase production capacity by 50%.

We also worked on expanding our SmartSole distribution and began pilot programs in Spain and Portugal and with a large security company in Mexico City whose testing and evaluation period has been successfully completed and we have entered into negotiations and planning of a commercial rollout.

In summary, we made several positive steps forward but did not meet our revenue targets yet exceed the gross margin for the same quarter in 2023.

During the period ended June 30, 2024, the Company’s customer base and revenue streams were comprised of approximately 51.28% B2B (Wholesale Distributors and Enterprise Institutions), 48.72% B2C (consumers and government agencies who bought on the behalf of consumers, through our online ecommerce platform and through Amazon, Google and iTunes), 0% IP (our monetization campaign from consulting, licensing and asserting our patents) and 0% Military and Law Enforcement.

During the period ended June 30, 2023, the Company’s customer base and revenue streams were comprised of approximately 74.19% B2B (Wholesale Distributors and Enterprise Institutions), 25.81% B2C (consumers and government agencies who bought on the behalf of consumers, through our online ecommerce platform and through Amazon, Google and iTunes), 0% IP (our monetization campaign from consulting, licensing and asserting our patents) and 0% Military and Law Enforcement.

Cost of goods sold

Cost of goods sold were $14,933 for the three months ended June 30, 2024 compared to $43,312 for the three months ended June 30, 2023, representing a decrease of 66%. The decrease was primarily due to a lower number of distributor hardware sales.

We expect our margins to increase once we start ramping up our subscriptions and licensing and sell more of our proprietary products like our SmartSoles and GunAlert, where we have limited competition. Our overall gross margin was higher than in 2023, predominately because most of our revenues were subscription based with little corresponding expense.

We continue to work with all our suppliers to reduce unnecessary expenses related to production inefficiencies in order to position ourselves to maximize profits as we scale back up.

Wages and benefits

Wages and benefits decreased 59% in the three months ended June 30, 2024 as compared to three months ended June 30, 2023, predominantly because of cost cutting and time saving initiatives.

Professional fees

Professional fees consist of costs attributable to consultants and contractors who primarily spend their time on legal, accounting, product development, business development, corporate advisory services and shareholder communications. Such costs decreased $9,261 or 45% in the three months ended June 30, 2024 as compared to in the three months ended June 30, 2023. Even though some professional fees have decreased as more responsibilities were transferred from outside contractors and consultants to in-house personnel, fees related to investor relations and business development have increased due to new products lines and the impending release of the company’s updated SmartSole products on new GunAlert product line, and overages in our 10K audit fees.

Sales and marketing expenses

Sales and marketing expenses increased by 100% or $3,075 in three months ended June 30, 2024 in comparison to the three months ended June 30, 2023. The increase was primarily due to the release of the new GunAlert product line as we build brand awareness across multiple media platforms.

General and administrative

General and administrative costs in three months ended June 30, 2024 increased by $6,123 or 13% in comparison to the three months ended June 30, 2023, mostly due to increases in amortization expense of IP. While at the same time, the Company continues many cost saving measures, including the entire senior management team deferring salaries.

Other income/(expense), net

Other expenses, net increased 143% or $38,970 in the three months ended June 30, 2024 compared to the three months ended June 30, 2023. This increase was primarily as a result of the increases in interest expense, the amortization of debt discounts related to the Level 2 acquisition.

Net income/(loss)

Net loss decreased by 26% or $54,726 from Q2 2024 in comparison to Q2 2023. This increase, though small was primarily due to the lower revenues as we transition out of direct-to-consumer PPE sales into our core B2B business and the effort to get the new Level 2 Security Products out to market.

Six Months Ended June 30, 2024 (“Q1 and Q2 2024”) Compared to the Six Months Ended June 30, 2023 (“Q1 and Q2 2023”)

	Six Months Ended June 30,
	2024						2023
	$			% of Revenues			$			% of Revenues

Product sales		41,549			45	%		90,623			75	%
Service income		50,932			55	%		30,909			25	%
Total revenues		92,481			100	%		121,532			100	%
Cost of products sold		16,326			18	%		66,781			55	%
Cost of service revenue		3,737			4	%		6,899			6	%
Cost of goods sold		20,063			22	%		73,680			61	%
Gross profit		72,418			78	%		47,852			39	%

Operating expenses:
Wages and benefits		131,801			143	%		242,494			200	%
Professional fees		67,420			73	%		51,923			43	%
Sales and marketing expenses		10,859			12	%		(20	)		0	%
General and administrative		125,939			136	%		113,458			93	%
Total operating expenses		336,019			356	%		407,855			336	%

Gain (loss) from operations		(263,601	)		-278	%		(360,003	)		-296	%

Other income (expense), net		(141,401	)		-153	%		(97,727	)		-80	%
Net income (loss)		(405,002	)		-431	%		(457,730	)		-377	%

Revenues

Revenues as a whole in Q1 and Q2 2024 decreased by 24% or $29,050 in comparison to Q1 and Q2 2023. This decrease was primarily driven from transitioning out of direct-to-consumer PPE sales into our core B2B business and the effort to get the new Level 2 Security Products out to market.

As a result, during the Q1 & Q2 quarters ended June 30, 2024, we did not meet our overall revenue goals. We did however see some positive trends compared to Q1 & Q2 2023, with international subscriptions increasing by 67% for the period ended Q2 2024 as compared to Q2 2023. SmartSole B2B sales increasing by 124% in Q1 & Q2 of 2024, compared to Q1 & Q2 of 2023. Unlike B2C sales, where subscriptions activate immediately after purchase, the B2B sales typically have a lag of between 2-4 months, allowing for the distributor to receive the inventory and then activate the customers unit as they sell into the marketplace. Thus, the increase in B2B subscriptions without the corresponding revenue increase, until the distributor inventories are depleted and replenished. Thus, we are seeing increased recurring revenues as these distributor product sales are turned on and activated, with a 65% increase from Q1 2024 as compared to Q2 2023.

We also worked on expanding our SmartSole distribution and began pilot programs in the Netherlands, Spain and Portugal and with a large security company in Mexico City whose testing and evaluation period having been successfully completed and we have entered into negotiations and planning for a commercial rollout.

Late last year we took transformative steps to broaden our product line and add new markets in order to increase our product and subscription revenues. We successfully acquired Level 2 Security LLC, which we merged into our new 100% wholly owned subsidiary Level 2 Security Products, Inc. During Q1 & Q2 2024, we brought in a few marketing consultants and retired policy officers to help us build a go to market strategy for the GunAlert product. During that time, we discovered there are numerous avenues and channel partners for us to engage with, of which we have begun a concerted outreach campaign. We also made some significant improvements to the device and filed additional IP.

In summary, we made several positive steps forward but did not meet our revenue targets yet exceed the gross margin for the same period in 2023.

During the period ended June 30, 2024, the Company’s customer base and revenue streams were comprised of approximately 56.26% B2B (Wholesale Distributors and Enterprise Institutions), 43.74% B2C (consumers and government agencies who bought on the behalf of consumers, through our online ecommerce platform and through Amazon, Google and iTunes), 0% IP (our monetization campaign from consulting, licensing and asserting our patents) and 0% Military and Law Enforcement.

During the period ended June 30, 2023, the Company’s customer base and revenue streams were comprised of approximately 78.43% B2B (Wholesale Distributors and Enterprise Institutions), 21.57% B2C (consumers and government agencies who bought on the behalf of consumers, through our online ecommerce platform and through Amazon, Google and iTunes), 0% IP (our monetization campaign from consulting, licensing and asserting our patents) and 0% Military and Law Enforcement.

Cost of goods sold

Cost of goods sold decreased by 73% or $56,618 during Q1 and Q2 2024 in comparison to Q1 and Q2 2023. This decrease was primarily due to the lower distributor hardware sales, which are larger volume orders, that are dependent upon the activation of SmartSoles sold into their respective markets, which affects the timeliness of their hardware orders to maintain adequate inventory levels.

We expect our margins to increase once we start ramping up our subscriptions and licensing and sell more of our proprietary products like our SmartSoles and GunAlert, where we have no competition. Our overall gross margin was higher than in 2023, predominately because most of our revenues were subscription based with little corresponding expense.

We continue to work with all our suppliers to reduce unnecessary expenses related to production inefficiencies in order to position ourselves to maximize profits as we scale back up.

Wages and benefits

Wages and benefits during Q1 and Q2 2024 decreased by 46% or $110,693 in comparison to Q1 and Q2 2023, because of cost cutting and time saving initiatives.

Professional fees

Professional fees consist of costs attributable to consultants and contractors who primarily spend their time on legal, accounting, product development, business development, corporate advisory services and investor relations. Such costs increased $15,498 or 30% during Q1 and Q2 2024 as compared to Q1 and Q2 2023. Even though some professional fees have decreased as more responsibilities were transferred from outside contractors and consultants to in-house personnel, fees related to investor relations and business development have increased due to new products lines and the impending release of the company’s updated SmartSole products on new GunAlert product line, and overages in our 10K audit fees.

Sales and marketing expenses

Sales and marketing expenses decreased by 100% or $10,880 during Q1 and Q2 2024 in comparison to Q1 and Q2 2023. The increase was primarily due to the release of the new GunAlert product line as we build brand awareness across multiple media platforms.

General and administrative

General and administrative costs during Q1 and Q2 2024 increased by $12,480 or 11% in comparison to Q1 and Q2 2023, mostly due to increases in amortization expense of IP. While at the same time, the Company continues many cost saving measures, including the entire senior management team deferring salaries.

Other income/(expense), net

Other expense, net increased 45% or $42,675 from Q1 and Q2 2024 to Q1 and Q2 2023. This increase was primarily as a result of the increases in interest expense, the amortization of debt discounts related to the Level 2 acquisition.

Net income/(loss)

Net loss decreased by 12% or $52,728 from Q1 and Q2 2024 to Q1 and Q2 2023. This decrease, was primarily due to higher net profits as we transition out of direct-to-consumer PPE sales into our core B2B business and the effort to get the new Level 2 Security Products out to market, coupled with the cost savings form executive salaries as the Company works to maintain its cost cutting initiatives.

Liquidity and Capital Resources

As of June 30, 2024, we had $29,576 of cash and cash equivalents, and a working capital deficit of $4,168,975, compared to $45,089 of cash and cash equivalents and a working capital deficit of $3,614,467 as of December 31, 2023.

During the six months ended June 30, 2024, our net loss was $405,002 compared to a net loss of $457,730 for the six months ended June 30, 2023. Net cash used in operating activities in the six months ended June 30, 2024 and in the six months ended June 30, 2023 was $252,915 and $155,814, respectively.

Net cash used in investing activities during the six months ended June 30, 2024 and June 30, 2023 was $3,000 and $0, respectively.

Net cash provided by financing activities during the six months ended June 30, 2024 was $217,051 and consisted of $40,000 received for the issuance of debt, $200,000 received for the issuance of preferred shares, and payments to the line of credit of $8,019 and payments on debt of $14,930. Net cash provided by financing activities during the six months ended June 30, 2023 was $192,368 and consisted of $190,000 received for the issuance of debt, $46,881 from the use of the line of credit, and payments to the line of credit of $27,791 and payments on debt of $16,722.

Because revenues from our operations have, to date, been insufficient to fund our working capital needs, we currently rely on the cash we receive from our financing activities to fund our growth, capital expenditures and to support our working capital requirements. The sale of our products and services is expected to enhance our liquidity in 2024, although the amount of revenues we receive in 2024 still cannot be estimated.

Until such time as our products and services can support our working capital requirement, we expect to continue to generate revenues from our other licenses, subscriptions, international distributors, hardware sales, professional services and new customers in the pipeline. However, the amount of such revenues is unknown and is not expected to be sufficient to fund our working capital needs. For our internal budgeting purposes, we have assumed that such revenues will not be sufficient to fund all of our planned operating and other expenditures during 2024. In addition, our actual cash expenditures may exceed our planned expenditures, particularly if we invest in the development of improved versions of our existing products and technologies, and if we increase our marketing expenses. Accordingly, we anticipate that we will have to continue to raise additional capital in order to fund our operations in 2024. No assurance can be given that we will be able to obtain the additional funding we need to continue our operations.

In order to continue funding our growth, IP, working capital needs and new product development costs, during the first six months of 2024 we continued to draw down on our credit line to fund purchase orders. However, no assurance can be given that the investor will provide the funding, if and when requested by us.

Going Concern

The consolidated financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has stockholders’ deficit of $4,056,852 and negative working capital of $4,168,974 as of June 30, 2024 and used cash in operations of $252,915 during the current period then ended. A significant part of our negative working capital position at June 30, 2024 consisted of $1,758,215, of amounts due to various accredited investors of the Company for convertible promissory notes, loans and a letter of credit, net of discount. The Company anticipates further losses in the development of its business. Please see the section entitled “Risk Factors” included in our Annual Report on Form 10-K for the year ended December 31, 2023 for more information regarding risks associated with our business.

Off-Balance Sheet Arrangements

There are no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

Inflation

We believe that our business and operations could be materially affected by inflation, as unexpected increases in our costs could affect how we manage operations

Critical Accounting Policies and Estimates

There are no material changes to the critical accounting policies and estimates described in the section entitled “Critical Accounting Policies and Estimates” under Item 7 in our Annual Report on Form 10-K for the year ended December 31, 2023.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As a “smaller reporting company”, we are not required to provide the information under this Item 3.

ITEM 4. CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e)) under the Exchange Act) that is designed to ensure that information required to be disclosed by the Company in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Our management, including our chief executive officer and chief financial officer, evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the Exchange Act) as of the end of the period covered by this report. There are inherent limitations to the effectiveness of any system of disclosure controls and procedures. In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.

Based on the evaluation as of June 30, 2024, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were effective to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

None.

ITEM 1A. RISK FACTORS.

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.

ITEM 2.(a). UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES.

Not applicable.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.

(a) Exhibits

31.1		Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act

31.2		Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act

32.1		Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act

32.2		Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act

101.INS		Inline XBRL Instance Document

101.SCH		Inline XBRL Taxonomy Extension Schema

101.CAL		Inline XBRL Taxonomy Extension Calculation

101.DEF		Inline XBRL Taxonomy Extension Definition

101.LAB		Inline XBRL Taxonomy Extension Label

101.PRE		Inline XBRL Taxonomy Extension Presentation

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	METALERT, INC.

Date: August 19, 2024	By:	/s/ ALEX MCKEAN
		Alex McKean,
		Chief Financial Officer (Principal Financial Officer)

Date: August 19, 2024	By:	/s/ PATRICK BERTAGNA
		Patrick Bertagna,
		Chief Executive Officer

EXHIBIT 31.1

CERTIFICATIONS PURSUANT TO

SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

CERTIFICATION

I, Patrick E. Bertagna, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of MetAlert, Inc. for the period ended June 30, 2024;

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(s) 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; and

5. The registrant’s other certifying officer(s) 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.

Date: August 19, 2024

	/s/ PATRICK E. BERTAGNA
Name:	Patrick E. Bertagna
Its:	Chief Executive Officer (Principal Executive Officer)

EXHIBIT 31.2

CERTIFICATIONS PURSUANT TO

SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

CERTIFICATION

I, Alex McKean, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of MetAlert, Inc. for the period June 30, 2024;

4. The registrant’s other certifying officer(s) 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:

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 19, 2024

	/s/ ALEX MCKEAN
Name:	Alex McKean
Its:	Chief Financial Officer (Principal Financial Officer)

EXHIBIT 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of MetAlert, Inc. (the “Company”) on Form 10-Q, for the period ended June 30, 2024 as filed with the Securities and Exchange Commission, I, Patrick E. Bertagna, President, Chief Executive Officer and Chairman of the Board of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

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

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

Date: August 19, 2024

	/s/ PATRICK E. BERTAGNA
Name:	Patrick E. Bertagna
Its:	Chief Executive Officer (Principal Executive Officer)

EXHIBIT 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of MetAlert, Inc. (the “Company”) on Form 10-Q, for the period ended June 30, 2024 as filed with the Securities and Exchange Commission, I, Alex McKean, Interim Chief Financial Officer, Treasurer and Secretary of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

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

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

Date: August 19, 2024

	/s/ ALEX MCKEAN
Name:	Alex McKean
Its:	Chief Financial Officer (Principal Financial Officer)

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2024	Aug. 19, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	000-53046
Entity Registrant Name	MetAlert, Inc.
Entity Central Index Key	0001375793
Entity Tax Identification Number	98-0493446
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	117 W. 9th Street
Entity Address, Address Line Two	Suite 1214
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90015
City Area Code	(213)
Local Phone Number	489-3019
Title of 12(b) Security	Common Stock, Par Value $0.0001
Trading Symbol	MLRT
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		34,345,931

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 29,576	$ 68,440
Accounts receivable, net	17,240	17,408
Inventory	226,720	231,818
Investment in marketable securities	649	649
Other current assets	5,801	4,339
Total current assets	279,986	322,654
Intangible assets, net	233,972	261,761
Property and equipment, net	12,650	25,780
Total assets	526,608	610,195
Current liabilities:
Accounts payable	173,261	264,671
Deferred revenues	8,004	6,505
Short-term debt – line of credit	94,020	102,040
Short-term debt - CARE loans	15,500	12,972
Total current liabilities	4,448,960	4,372,041
Long-term debt - CARE loan	134,500	137,028
Total liabilities	4,583,460	4,509,069
Commitments and contingencies
Stockholders’ deficit:
Common stock, $0.0001 par value; 2,071,000,000 shares authorized; 33,845,931 and 32,445,931 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively	3,385	3,245
Additional paid-in capital	25,091,372	24,844,494
Accumulated deficit	(29,151,631)	(28,746,629)
Total stockholders’ deficit	(4,056,852)	(3,898,874)
Total liabilities and stockholders’ deficit	526,608	610,195
Series A Preferred Stock [Member]
Stockholders’ deficit:
Preferred stock	14	14
Series B Preferred Stock [Member]
Stockholders’ deficit:
Preferred stock
Series C Preferred Stock [Member]
Stockholders’ deficit:
Preferred stock
Series D Preferred Stock [Member]
Stockholders’ deficit:
Preferred stock	8	2
Nonrelated Party [Member]
Current liabilities:
Accrued expenses	188,613	327,338
Convertible promissory notes, net of discount	1,518,000	1,484,142
Notes payable	146,195	146,195
Related Party [Member]
Current liabilities:
Accrued expenses	1,028,105	762,365
Convertible promissory notes, net of discount	1,230,762	1,219,313
Notes payable	$ 46,500	$ 46,500

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	2,071,000,000	2,071,000,000
Common stock, shares issued	33,845,931	32,445,931
Common stock, shares outstanding	33,845,931	32,445,931
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	13,846	13,846
Preferred stock, shares outstanding	13,846	13,846
Series B Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000	10,000
Preferred stock, shares issued	2	2
Preferred stock, shares outstanding	2	2
Series C Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000	1,000
Preferred stock, shares issued	6	6
Preferred stock, shares outstanding	6	6
Series D Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	100,000	100,000
Preferred stock, shares issued	75,000	15,000
Preferred stock, shares outstanding	75,000	15,000

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Total revenues	$ 44,163	$ 48,839	$ 92,481	$ 121,532
Total cost of goods sold	14,933	43,313	20,063	73,680
Gross margin	29,230	5,526	72,418	47,852
Operating expenses:
Wages and benefits	48,918	118,849	131,801	242,494
Professional fees	11,138	20,399	67,420	51,923
Sales and marketing expenses	3,075		10,859	(20)
General and administrative	53,693	47,569	125,939	113,458
Total operating expenses	116,824	186,817	336,019	407,855
Loss from operations	(87,594)	(181,291)	(263,601)	(360,003)
Other income/(expenses):
Gain/(loss) on settlement of debt		44,217		44,217
Gain/(loss) on marketable securities				(34)
Amortization of debt discount	(8,836)	(21,165)	(20,236)	(42,219)
Interest expense and financing costs	(57,428)	(50,345)	(121,165)	(99,691)
Total other income/(expenses)	(66,264)	(27,293)	(141,401)	(97,727)
Net loss	(153,858)	(208,584)	(405,002)	(457,730)
Net loss attributable to common shareholders	$ (153,858)	$ (208,584)	$ (405,002)	$ (457,730)
Weighted average number of common shares outstanding - basic	33,845,931	22,896,968	33,672,305	22,096,739
Weighted average number of common shares outstanding - diluted	33,845,931	22,896,968	33,672,305	22,096,739
Net income/(loss) per common share - basic	$ 0.00	$ (0.02)	$ (0.01)	$ (0.02)
Net income/(loss) per common share - diluted	$ 0.00	$ (0.02)	$ (0.01)	$ (0.02)
Product [Member]
Total revenues	$ 16,607	$ 36,232	$ 41,549	$ 90,623
Total cost of goods sold	11,851	40,719	16,326	66,781
Service [Member]
Total revenues	27,556	12,607	50,932	30,909
Total cost of goods sold	$ 3,082	$ 2,594	$ 3,737	$ 6,899

Condensed Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) - USD ($)	Preferred Stock [Member] Series A Preferred Stock [Member]	Preferred Stock [Member] Series B Preferred Stock [Member]	Preferred Stock [Member] Series C Preferred Stock [Member]	Preferred Stock [Member] Series D Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance at Dec. 31, 2022	$ 14				$ 1,718	$ 24,241,862	$ (27,556,471)	$ (3,312,877)
Beginning balance, shares at Dec. 31, 2022	13,846	3	6		17,179,794
Net income (loss)							(457,730)	(457,730)
Issuance of common stock for the conversion of notes					$ 623	61,692		62,315
Issuance of common stock for the conversion of notes, shares					6,231,548
Ending balance at Jun. 30, 2023	$ 14				$ 2,341	24,303,554	(28,014,201)	(3,708,292)
Ending balance, shares at Jun. 30, 2023	13,846	3	6		23,411,342
Beginning balance at Dec. 31, 2022	$ 14				$ 1,718	24,241,862	(27,556,471)	(3,312,877)
Beginning balance, shares at Dec. 31, 2022	13,846	3	6		17,179,794
Ending balance at Dec. 31, 2023	$ 14			$ 2	$ 3,245	24,844,494	(28,746,629)	(3,898,874)
Ending balance, shares at Dec. 31, 2023	13,846	3	6	15,000	32,445,931
Beginning balance at Mar. 31, 2023	$ 14				$ 2,283	24,297,833	(27,805,617)	(3,505,487)
Beginning balance, shares at Mar. 31, 2023	13,846	3	6		22,833,465
Net income (loss)							(208,584)	(208,584)
Issuance of common stock for the conversion of notes					$ 58	5,721		5,779
Issuance of common stock for the conversion of notes, shares					577,877
Ending balance at Jun. 30, 2023	$ 14				$ 2,341	24,303,554	(28,014,201)	(3,708,292)
Ending balance, shares at Jun. 30, 2023	13,846	3	6		23,411,342
Beginning balance at Dec. 31, 2023	$ 14			$ 2	$ 3,245	24,844,494	(28,746,629)	(3,898,874)
Beginning balance, shares at Dec. 31, 2023	13,846	3	6	15,000	32,445,931
Issuance of common stock for services					$ 140	46,884		47,024
Issuance of preferred stock for financings				6		199,994		200,000
Net income (loss)							(405,002)	(405,002)
Issuance of common stock for services, shares					1,400,000
Issuance of preferred stock for financings, shares				60,000
Ending balance at Jun. 30, 2024	$ 14			$ 8	$ 3,385	25,091,372	(29,151,631)	(4,056,852)
Ending balance, shares at Jun. 30, 2024	13,846	3	6	75,000	33,845,931
Beginning balance at Mar. 31, 2024	$ 14			$ 8	$ 3,385	25,091,372	(28,997,774)	(3,902,995)
Beginning balance, shares at Mar. 31, 2024	13,846	3	6	75,000	33,845,931
Issuance of common stock for services
Issuance of preferred stock for financings
Net income (loss)							(153,858)	(153,858)
Ending balance at Jun. 30, 2024	$ 14			$ 8	$ 3,385	$ 25,091,372	$ (29,151,631)	$ (4,056,852)
Ending balance, shares at Jun. 30, 2024	13,846	3	6	75,000	33,845,931

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities
Net loss	$ (405,002)	$ (457,730)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	43,919	16,670
Change in fair value of marketable securities		34
Stock based compensation	47,024
Amortization of debt discount	20,236	42,219
Gain on the settlement of debt and accrued interest		27,537
Gain on extinguishment of debt		16,680
Changes in operating assets and liabilities:
Accounts receivable	168	1,038
Inventory	5,098	13,647
Other current and non-current assets	(1,463)	3,275
Accounts payable and accrued expenses	(230,134)	113,980
Accrued expenses - related parties	209,438	132,654
Accrued interest and financing costs	56,302	(94,518)
Deferred revenues	1,499	(6,300)
Due to/from Officers		35,000
Net cash used in operating activities	(252,915)	(155,814)
Cash flows from investing activities
Property, plant and equipment purchases	(3,000)
Net cash used in investing activities	(3,000)
Cash flows from financing activities
Proceeds from line of credit		46,881
Proceeds from sale of preferred stock	200,000
Proceeds from the issuance of debt	40,000	190,000
Payments on line of credit	(8,019)	(27,791)
Payments on debt	(14,930)	(16,722)
Net cash provided by financing activities	217,051	192,368
Net change in cash and cash equivalents	(38,864)	36,554
Cash and cash equivalents, beginning of period	68,440	8,535
Cash and cash equivalents, end of period	29,576	45,089
Supplemental disclosure of cash flow information:
Income taxes paid
Interest paid
Supplemental disclosure of noncash investing and financing activities:
Issuance of common stock for conversion of debt and interest		62,315
Debt discount on convertible notes	$ 8,000	$ 7,150

ORGANIZATION AND BASIS OF PRESENTATION

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ORGANIZATION AND BASIS OF PRESENTATION

1. ORGANIZATION AND BASIS OF PRESENTATION

Basis of Presentation

Going Concern

SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

SIGNIFICANT ACCOUNTING POLICIES

2. SIGNIFICANT ACCOUNTING POLICIES

Revenue Recognition

Product sales

Services Income

Licensing Revenue

Disaggregation of Net Sales

The following table shows the Company’s disaggregated net sales by product type:

SCHEDULE OF DISAGGREGATION OF NET SALES

	Six Months Ended June 30, 2024		Six Months Ended June 30, 2023
Product sales	$	41,549	$	90,623
Service income		50,932		30,909
Total	$	92,481	$	121,532

The following table shows the Company’s disaggregated net sales by customer type:

	Six Months Ended June 30, 2024		Six Months Ended June 30, 2023
B2B	$	55,455	$	77,921
B2C		37,026		43,611
Total	$	92,481	$	121,532

Allowance for Doubtful Accounts

Shipping and Handling Costs

Shipping and handling costs are included in cost of goods sold in the accompanying consolidated statements of operations.

Product Warranty

Use of Estimates

Fair Value Estimates

	Level 1 -	Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date.

	Level 2 -	Inputs (other than quoted prices included in Level 1) are either directly or indirectly observable for the asset or liability through correlation with market data at the measurement date and for the duration of the asset/liability’s anticipated life.

	Level 3 -	Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model.

Principles of Consolidation

Concentrations

Stock-based Compensation

Marketable Securities

Derivative Liabilities

Net Loss Per Common Share

	2024		2023
	June 30,
	2024		2023
Warrants		200,000		746,154
Preferred B shares		18,462		17,046
Preferred C shares		6,154		10,390
Preferred D shares		7,500,000		-
Conversion shares upon conversion of notes		114,808,847		88,266,791
Total		122,533,463		89,040,381

Segments

Recently Issued Accounting Pronouncements

INVESTMENT IN MARKETABLE SECURITIES

6 Months Ended

Jun. 30, 2024

Investments, Debt and Equity Securities [Abstract]

INVESTMENT IN MARKETABLE SECURITIES

3. INVESTMENT IN MARKETABLE SECURITIES

INVENTORY

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

INVENTORY

4. INVENTORY

Inventories consist of the following:

SCHEDULE OF INVENTORY

	June 30, 2024		December 31, 2023
Raw materials	$	13,826	$	24,936
Finished goods		212,894		206,882
Total Inventories	$	226,720	$	231,818

PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

Property and equipment, net, consists of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT

	June 30, 2024			December 31, 2023
Software	$	25,890		$	25,890
Website development		91,622			91,622
Software development		397,772			394,772
Equipment		1,750			1,750
Property and equipment, gross		1,750			1,750
Less: accumulated depreciation		(504,384	)		(488,254	)
Total property and equipment, net	$	12,650		$	25,780

Depreciation expense for the period ended June 30, 2024 and 2023 was $16,130 and $16,670, respectively, and is included in general and administrative expenses.

INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

6. INTANGIBLE ASSETS

Intangible assets, net, consists of the following:

SCHEDULE OF INTANGIBLE ASSETS

	June 30, 2024			December 31, 2023
Trademarks	$	3,308		$	3,308
Tooling and molds		25,300			25,300
Website development		9,400			9,400
Software development		191,457			191,457
Acquired patents and trademarks		50,000			50,000
Intangible assets, gross		50,000			50,000
Less: accumulated amortization		(45,493	)		(17,704	)
Total intangible assets, net	$	233,972		$	261,761

NOTES AND LOANS PAYABLE

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

NOTES AND LOANS PAYABLE

7. NOTES AND LOANS PAYABLE

The following table summarizes the components of our short-term borrowings:

	June 30, 2024		December 31, 2023
(a) Term loan	$	146,195	$	146,195
(b) Revolving line of credit		7,000		7,000
(b) Revolving line of credit		87,020		95,040
Total	$	240,215	$	248,235

(a) Term loans

(b) Lines of Credit

The Company obtained a revolving line of credit agreement with an accredited investor of $500,000 during 2018.

CONVERTIBLE PROMISSORY NOTES

6 Months Ended

Jun. 30, 2024

Convertible Promissory Notes

CONVERTIBLE PROMISSORY NOTES

8. CONVERTIBLE PROMISSORY NOTES

As of June 30, 2024 and December 31, 2023, the Company had a total of $1,518,000 and $1,454,142, respectively, of outstanding convertible notes payable, which consisted of the following:

SCHEDULE OF CONVERTIBLE NOTES PAYABLE

	June 30, 2024			December 31, 2023
Convertible Notes – with fixed conversion, past due	$	415,500		$	415,500
Convertible Notes – with fixed conversion		840,500			732,500
Convertible Notes – with fixed conversion and OID		-			74,930
Convertible Note – with variable conversion		68,000			68,000
Notes issued in relation to acquisition – with fixed conversion		200,000			200,000
Total convertible notes		200,000			200,000
Less: Debt discount		(6,000	)		(6,788	)
Total convertible notes, net of debt discount	$	1,518,000		$	1,484,142

As of June 30, 2024, and December 31, 2023 $415,500 of these convertible notes are currently past due, with no associated penalties.

CARE Loans

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

CARE Loans

9. CARE Loans

SCHEDULE OF LOANS PAYABLE

	June 30, 2024		December 31, 2023
EIDL loan – short term	$	15,500	$	12,972
EIDL loan – long term		134,500		137,028
Total CARE loans	$	150,000	$	150,000

Economic Injury Disaster Loan

As of June 30, 2024 and December 31, 2024, short term amounts due under the loan include planned principle payments in the next twelve months and any payments considered past due.

RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2024

RELATED PARTY TRANSACTIONS

10. RELATED PARTY TRANSACTIONS

Convertible Notes Due to Related Parties

During the period ended June 30, 2024, there was no change in related party notes.

Officer Loans

On November 18, 2022, an officer loaned the Company $10,000 at a 10% interest rate on a short-term basis.

During the period ended December 31, 2023, the same office loaned another $3,500, was paid $2,000 in principal and $850 in interest, leaving a balance of $11,500 in principal on December 31, 2023.

A second officer loaned the Company $35,000, both at the 10% interest rate, with a total of $2,000 in principal and $850 in interest being paid back during the six months ended June 30, 2024.

For the period ending June 30, 2024, the outstanding balance on officer loans was $46,500.

EQUITY

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

EQUITY

11. EQUITY

The Company has 10,000,000 shares of preferred stock authorized. From this pool the following preferred shares have been classified as:

Preferred Stock – Series A

Preferred Stock – Series B

Preferred Stock – Series C

Preferred Stock – Series D

Common Stock

During the period ending June 30, 2024, the Company issued 1,400,000 shares of its common stock to consultants for services valued at $47,024.

Common Stock Warrants

A summary of the Company’s warrant activity and related information is provided below:

SCHEDULE OF WARRANT ACTIVITY

	Exercise Price $		Number of Warrants
Outstanding and exercisable at December 31, 2023		0.05 – 2.60		846,154
Warrants exercised		-		-
Warrants granted		-		-
Warrants expired		0.05-2.6		(646,154	)
Outstanding and exercisable at June 30, 2024		0.05- 2.60		200,000

Stock Warrants as of June 30, 2024
Exercise		Warrants		Remaining		Warrants
Price		Outstanding		Life (Years)		Exercisable
$	0.15		100,000		1.62		100,000
$	0.1625		100,000		0.39		100,000

During the period ended June 30, 2024, the Company did not issue any warrants, with 646,154 of warrant expiring, leaving a balance at June 30, 2024 of 200,000.

The outstanding and exercisable warrants at June 30, 2024 had an intrinsic value of approximately $7,480.

Common Stock Options

No options were granted or outstanding as of the period ending June 30, 2024.

COMMITMENTS & CONTINGENCIES

6 Months Ended

Jun. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS & CONTINGENCIES

12. COMMITMENTS & CONTINGENCIES

Bonuses

Contingencies

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2024

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

13. SUBSEQUENT EVENTS

On July 29, 2024, we issued 250,000 shares of common stock with a value of $6,000 to a consultant for services related to sales for the GunAlert.

SIGNIFICANT ACCOUNTING POLICIES (Policies)

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Revenue Recognition

Revenue Recognition

Product sales

Services Income

Licensing Revenue

Disaggregation of Net Sales

The following table shows the Company’s disaggregated net sales by product type:

SCHEDULE OF DISAGGREGATION OF NET SALES

	Six Months Ended June 30, 2024		Six Months Ended June 30, 2023
Product sales	$	41,549	$	90,623
Service income		50,932		30,909
Total	$	92,481	$	121,532

The following table shows the Company’s disaggregated net sales by customer type:

	Six Months Ended June 30, 2024		Six Months Ended June 30, 2023
B2B	$	55,455	$	77,921
B2C		37,026		43,611
Total	$	92,481	$	121,532

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts

Shipping and Handling Costs

Shipping and Handling Costs

Shipping and handling costs are included in cost of goods sold in the accompanying consolidated statements of operations.

Product Warranty

Product Warranty

Use of Estimates

Use of Estimates

Fair Value Estimates

Fair Value Estimates

	Level 1 -	Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date.

	Level 2 -	Inputs (other than quoted prices included in Level 1) are either directly or indirectly observable for the asset or liability through correlation with market data at the measurement date and for the duration of the asset/liability’s anticipated life.

	Level 3 -	Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model.

Principles of Consolidation

Principles of Consolidation

Concentrations

Concentrations

Stock-based Compensation

Stock-based Compensation

Marketable Securities

Marketable Securities

Derivative Liabilities

Derivative Liabilities

Net Loss Per Common Share

Net Loss Per Common Share

	2024		2023
	June 30,
	2024		2023
Warrants		200,000		746,154
Preferred B shares		18,462		17,046
Preferred C shares		6,154		10,390
Preferred D shares		7,500,000		-
Conversion shares upon conversion of notes		114,808,847		88,266,791
Total		122,533,463		89,040,381

Segments

Segments

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

SCHEDULE OF DISAGGREGATION OF NET SALES

The following table shows the Company’s disaggregated net sales by product type:

SCHEDULE OF DISAGGREGATION OF NET SALES

	Six Months Ended June 30, 2024		Six Months Ended June 30, 2023
Product sales	$	41,549	$	90,623
Service income		50,932		30,909
Total	$	92,481	$	121,532

The following table shows the Company’s disaggregated net sales by customer type:

	Six Months Ended June 30, 2024		Six Months Ended June 30, 2023
B2B	$	55,455	$	77,921
B2C		37,026		43,611
Total	$	92,481	$	121,532

SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM CALCULATION OF DILUTED EARNINGS PER SHARE

	2024		2023
	June 30,
	2024		2023
Warrants		200,000		746,154
Preferred B shares		18,462		17,046
Preferred C shares		6,154		10,390
Preferred D shares		7,500,000		-
Conversion shares upon conversion of notes		114,808,847		88,266,791
Total		122,533,463		89,040,381

INVENTORY (Tables)

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

SCHEDULE OF INVENTORY

Inventories consist of the following:

SCHEDULE OF INVENTORY

	June 30, 2024		December 31, 2023
Raw materials	$	13,826	$	24,936
Finished goods		212,894		206,882
Total Inventories	$	226,720	$	231,818

PROPERTY AND EQUIPMENT (Tables)

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

SCHEDULE OF PROPERTY AND EQUIPMENT

Property and equipment, net, consists of the following:

SCHEDULE OF PROPERTY AND EQUIPMENT

	June 30, 2024			December 31, 2023
Software	$	25,890		$	25,890
Website development		91,622			91,622
Software development		397,772			394,772
Equipment		1,750			1,750
Property and equipment, gross		1,750			1,750
Less: accumulated depreciation		(504,384	)		(488,254	)
Total property and equipment, net	$	12,650		$	25,780

INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

SCHEDULE OF INTANGIBLE ASSETS

Intangible assets, net, consists of the following:

SCHEDULE OF INTANGIBLE ASSETS

	June 30, 2024			December 31, 2023
Trademarks	$	3,308		$	3,308
Tooling and molds		25,300			25,300
Website development		9,400			9,400
Software development		191,457			191,457
Acquired patents and trademarks		50,000			50,000
Intangible assets, gross		50,000			50,000
Less: accumulated amortization		(45,493	)		(17,704	)
Total intangible assets, net	$	233,972		$	261,761

NOTES AND LOANS PAYABLE (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

SUMMARY OF COMPONENTS OF OUR SHORT-TERM BORROWINGS

The following table summarizes the components of our short-term borrowings:

	June 30, 2024		December 31, 2023
(a) Term loan	$	146,195	$	146,195
(b) Revolving line of credit		7,000		7,000
(b) Revolving line of credit		87,020		95,040
Total	$	240,215	$	248,235

CONVERTIBLE PROMISSORY NOTES (Tables)

6 Months Ended

Jun. 30, 2024

Convertible Promissory Notes

SCHEDULE OF CONVERTIBLE NOTES PAYABLE

	June 30, 2024			December 31, 2023
Convertible Notes – with fixed conversion, past due	$	415,500		$	415,500
Convertible Notes – with fixed conversion		840,500			732,500
Convertible Notes – with fixed conversion and OID		-			74,930
Convertible Note – with variable conversion		68,000			68,000
Notes issued in relation to acquisition – with fixed conversion		200,000			200,000
Total convertible notes		200,000			200,000
Less: Debt discount		(6,000	)		(6,788	)
Total convertible notes, net of debt discount	$	1,518,000		$	1,484,142

CARE Loans (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

SCHEDULE OF LOANS PAYABLE

	June 30, 2024		December 31, 2023
EIDL loan – short term	$	15,500	$	12,972
EIDL loan – long term		134,500		137,028
Total CARE loans	$	150,000	$	150,000

EQUITY (Tables)

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

SCHEDULE OF WARRANT ACTIVITY

A summary of the Company’s warrant activity and related information is provided below:

SCHEDULE OF WARRANT ACTIVITY

	Exercise Price $		Number of Warrants
Outstanding and exercisable at December 31, 2023		0.05 – 2.60		846,154
Warrants exercised		-		-
Warrants granted		-		-
Warrants expired		0.05-2.6		(646,154	)
Outstanding and exercisable at June 30, 2024		0.05- 2.60		200,000

SCHEDULE OF STOCK WARRANT EXERCISE PRICE RANGE

Stock Warrants as of June 30, 2024
Exercise		Warrants		Remaining		Warrants
Price		Outstanding		Life (Years)		Exercisable
$	0.15		100,000		1.62		100,000
$	0.1625		100,000		0.39		100,000

ORGANIZATION AND BASIS OF PRESENTATION (Details Narrative)	Jun. 30, 2024 USD ($)
Working capital	$ 4,168,974
Global Trek Xploration, Inc., and Level 2 Security Products, Inc. [Member]
Capital stock ownership, percent	100.00%

SCHEDULE OF DISAGGREGATION OF NET SALES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Product Information [Line Items]
Total	$ 44,163	$ 48,839	$ 92,481	$ 121,532
B2B [Member]
Product Information [Line Items]
Total			55,455	77,921
B2C [Member]
Product Information [Line Items]
Total			37,026	43,611
Product [Member]
Product Information [Line Items]
Total	16,607	36,232	41,549	90,623
Service [Member]
Product Information [Line Items]
Total	$ 27,556	$ 12,607	$ 50,932	$ 30,909

SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM CALCULATION OF DILUTED EARNINGS PER SHARE (Details) - shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	122,533,463	89,040,381
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	200,000	746,154
Series B Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	18,462	17,046
Series C Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	6,154	10,390
Series D Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	7,500,000
Conversion Shares Upon Conversion of Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	114,808,847	88,266,791

SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	6 Months Ended
SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	Jun. 30, 2024 USD ($) Segment	Jun. 30, 2023	Dec. 31, 2023 USD ($)	Dec. 31, 2020 USD ($)
Product Information [Line Items]
Allowance for doubtful accounts	$ 11,599		$ 11,599
Product warrants description	The Company’s warranty policy provides repair or replacement of products (excluding GPS Shoe devices) returned for defects within ninety days of purchase
Marketable securities	$ 649		649
Derivative liability	$ 0		$ 0	$ 0
Number of Reportable Segments \| Segment	1
Customer One [Member] \| Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percentage	36.00%	29.00%
Customer One [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percentage	33.00%	14.00%
Customer Two [Member] \| Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percentage	19.00%	29.00%
Customer Two [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percentage	12.00%	8.00%
Customer Three [Member] \| Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percentage	17.00%	15.00%
Customer Three [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percentage	11.00%
Customer Four [Member] \| Revenue Benchmark [Member] \| Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percentage	12.00%	14.00%

INVESTMENT IN MARKETABLE SECURITIES (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Investment owned, description	The Company’s investments include marketable securities of two entities whereby the Company’s ownership is less than 5%.
Marketable securities	$ 649	$ 649

SCHEDULE OF INVENTORY (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 13,826	$ 24,936
Finished goods	212,894	206,882
Total Inventories	$ 226,720	$ 231,818

SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation	$ (504,384)	$ (488,254)
Total property and equipment, net	12,650	25,780
Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	25,890	25,890
Website Development [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	91,622	91,622
Software Development [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	397,772	394,772
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,750	$ 1,750

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	6 Months Ended
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 16,130	$ 16,670

SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Less: accumulated amortization	$ (45,493)	$ (17,704)
Total intangible assets, net	233,972	261,761
Trademarks [Member]
Property, Plant and Equipment [Line Items]
Intangible assets, gross	3,308	3,308
Tools, Dies and Molds [Member]
Property, Plant and Equipment [Line Items]
Intangible assets, gross	25,300	25,300
Website Development [Member]
Property, Plant and Equipment [Line Items]
Intangible assets, gross	9,400	9,400
Software Development [Member]
Property, Plant and Equipment [Line Items]
Intangible assets, gross	191,457	191,457
Intellectual Property [Member]
Property, Plant and Equipment [Line Items]
Intangible assets, gross	$ 50,000	$ 50,000

INTANGIBLE ASSETS (Details Narrative) - USD ($)	6 Months Ended
INTANGIBLE ASSETS (Details Narrative) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Trade Names [Member]
Goodwill [Line Items]
Amortization expense	$ 0	$ 0
General and Administrative Expense [Member]
Goodwill [Line Items]
Amortization expense	$ 27,789	$ 551

SUMMARY OF COMPONENTS OF OUR SHORT-TERM BORROWINGS (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
(a) Term loan	$ 146,195	$ 146,195
(b) Revolving line of credit	7,000	7,000
(b) Revolving line of credit	87,020	95,040
Total	$ 240,215	$ 248,235

SUMMARY OF COMPONENTS OF OUR SHORT-TERM BORROWINGS (Details) (Parenthetical) - USD ($)	1 Months Ended	6 Months Ended		12 Months Ended
	Sep. 30, 2019	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2023	Mar. 14, 2023	Apr. 14, 2022	Dec. 31, 2018
Line of Credit Facility [Line Items]
Current borrowings							$ 25,000
Remaining borrowings				$ 120,000
Line of credit		$ 7,000			$ 7,000
Proceeds from line of credit			$ 46,881
Repayment of line of credit		8,019	$ 27,791
Union Bank [Member]
Line of Credit Facility [Line Items]
Line of credit max borrowing amount		100,000
Proceeds from line of credit		0
Repayment of line of credit		8,019
Line of Credit [Member] \| Union Bank [Member]
Line of Credit Facility [Line Items]
Line of credit		$ 87,020			$ 91,065
Line of credit interest rate		8.25%
Line of credit, description		The Company also has an unsecured line of credit, guaranteed by its CEO, with its business bank, Union Bank, whereby funds can be borrowed at a revolving adjustable rate of 2 points over prime
Investor [Member] \| Line of Credit [Member]
Line of Credit Facility [Line Items]
Line of credit		$ 7,000
Line of credit interest rate		8.50%
Unsecured Term Loan Agreement [Member] \| Third Party [Member]
Line of Credit Facility [Line Items]
Loan outstanding				$ 145,000		$ 74,650
Interest rate				5.00%		12.00%
Debt Instrument, Interest Rate, Increase (Decrease)				10.00%
Asset Purchase Agreement [Member] \| Third Party [Member]
Line of Credit Facility [Line Items]
Loan outstanding		$ 34,176
Interest rate	5.00%
Current borrowings		4,500
Debt principal amount	$ 50,000
Debt Instrument, Maturity Date	Dec. 31, 2020
Interest		7,981
Sublet fees		$ 26,195
Line of Credit Agreement [Member] \| Accredited Investor [Member]
Line of Credit Facility [Line Items]
Line of credit								$ 500,000

SCHEDULE OF CONVERTIBLE NOTES PAYABLE (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Short-Term Debt [Line Items]
Less: Debt discount	$ (6,000)	$ (6,788)
Total convertible notes, net of debt discount	1,518,000	1,484,142
Convertible Notes With Fixed Conversion Past Due [Member]
Short-Term Debt [Line Items]
Total convertible notes	415,500	415,500
Convertible Notes With Fixed Conversion [Member]
Short-Term Debt [Line Items]
Total convertible notes	840,500	732,500
Convertible Notes With Fixed Conversion and OID [Member]
Short-Term Debt [Line Items]
Total convertible notes		74,930
Convertible Notes With Variable Conversion [Member]
Short-Term Debt [Line Items]
Total convertible notes	68,000	68,000
Notes Issued In Relation To Acquisition With Fixed Conversion [Member]
Short-Term Debt [Line Items]
Total convertible notes	$ 200,000	$ 200,000

CONVERTIBLE PROMISSORY NOTES (Details Narrative) - USD ($)			6 Months Ended	12 Months Ended
	Jan. 31, 2024	Mar. 14, 2023	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2024	Jun. 08, 2024	Sep. 20, 2023	Aug. 30, 2023	Jun. 09, 2023	Dec. 31, 2022
Convertible notes payable			$ 1,518,000	$ 1,454,142
Debt instrument discount			6,000	$ 6,788
Unsecured Term Loan Agreement [Member] \| Third Party [Member]
Interest rate		12.00%								5.00%
Short-Term Debt		$ 74,650								$ 145,000
Unsecured Term Loan Agreement [Member] \| Third Party [Member] \| Forecast [Member]
Interest rate					35.00%
Short-Term Debt					$ 68,000
Convertible Notes Payable [Member]
Interest rate				10.00%
Convertible debt			$ 415,500	$ 415,500
Convertible Notes Payable [Member] \| Note Holder [Member]
Periodic payment	$ 74,650
Convertible Notes Payable [Member] \| Third Party [Member]
Convertible debt				31,515
Accrued interest				$ 4,015
Debt conversion converted instrument shares issued				31,151,537
Debt instrument discount		7,150
Finacing costs		2,500
Periodic payment		$ 8,361
Amount of executive notes transferred to third parties for cash				$ 35,000
Percentage of debt converted into shares				50.00%
Share price				$ 0.01
Convertible Notes Payable [Member] \| NoteHolder One [Member]
Debt instrument value							$ 35,000		$ 125,000
Convertible Notes Payable [Member] \| Note Holder Two [Member]
Debt instrument value						$ 108,000		$ 30,000
Convertible Notes Payable [Member] \| Minimum [Member]
Interest rate			0.00%
Debt maturity term			1 year
Conversion price			$ 0.015
Convertible Notes Payable [Member] \| Maximum [Member]
Interest rate			14.00%
Debt maturity term			2 years
Conversion price			$ 0.30
Convertible Promissory Notes [Member]
Interest rate				12.00%
Debt maturity term				1 year
Conversion price				$ 4.00
Convertible debt				$ 400,000
Convertible promissory note bearing interest				6.00%
Forgiveness				$ 27,537
Convertible Promissory Notes [Member] \| Level 2 Security Products Inc [Member]
Interest rate				10.00%
Conversion price				$ 0.01
Convertible notes				$ 200,000
Convertible Promissory Notes [Member] \| NoteHolder One [Member]
Interest rate							10.00%
Convertible Promissory Notes [Member] \| Note Holder Two [Member]
Interest rate						20.00%		17.00%
Conversion price						$ 0.03		$ 0.11
Convertible Promissory Notes [Member] \| Minimum [Member]
Conversion price				$ 0.30
Convertible Promissory Notes [Member] \| Minimum [Member] \| NoteHolder One [Member]
Conversion price							$ 0.04
Convertible Promissory Notes [Member] \| Maximum [Member]
Conversion price				$ 9.75
Convertible Promissory Notes [Member] \| Maximum [Member] \| NoteHolder One [Member]
Conversion price							$ 0.05

SCHEDULE OF LOANS PAYABLE (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
EIDL loan – short term	$ 15,500	$ 12,972
EIDL loan – long term	134,500	137,028
Total CARE loans	$ 150,000	$ 150,000

SCHEDULE OF LOANS PAYABLE (Details) (Parenthetical) - SBA Loan Agreement [Member] - EIDL Loan [Member]	Jun. 10, 2020 USD ($)
Short-Term Debt [Line Items]
debt, face amount	$ 150,000
Interest rate	3.75%

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)		3 Months Ended	6 Months Ended		12 Months Ended
	Nov. 18, 2022	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Mar. 31, 2024
Related Party Transaction [Line Items]
Related parties converted debt		$ 5,779		$ 62,315
Officer Loans [Member]
Related Party Transaction [Line Items]
Officer loaned	$ 10,000				$ 3,500
Interest rate percentage	10.00%		10.00%
Officer loaned paid					2,000
Officer loaned principal					850
Principal leaving balance					11,500
Second Officer Loaned [Member]
Related Party Transaction [Line Items]
Officer loaned			$ 35,000
Officer loaned paid			2,000
Officer loaned principal			850
Outstanding balance			46,500
Convertible Promissory Notes [Member]
Related Party Transaction [Line Items]
Unamortized discount					1,219,313
Deferred wages					195,791	$ 195,791
Third Party [Member]
Related Party Transaction [Line Items]
Due from related parties					35,000
Related Parties [Member]
Related Party Transaction [Line Items]
Related party notes			$ 0
Related parties converted debt					$ 40,000
Related parties converted debt					4,269,600

SCHEDULE OF WARRANT ACTIVITY (Details)	6 Months Ended
SCHEDULE OF WARRANT ACTIVITY (Details)	Jun. 30, 2024 $ / shares shares
Number of warrant outstanding and exercisable, beginning balance \| shares	846,154
Warrant exercise price, exercised
Number of warrants, exercised \| shares
Warrant exercise Price, granted
Number of warrants, granted \| shares
Number of warrants, expired \| shares	(646,154)
Number of warrant outstanding and exercisable, ending balance \| shares	200,000
Minimum [Member]
Warrant exercise price, outstanding and exercisable, beginning balance	$ 0.05
Warrant exercise price, expired	0.05
Warrant exercise price, outstanding and exercisable, ending balance	0.05
Maximum [Member]
Warrant exercise price, outstanding and exercisable, beginning balance	2.60
Warrant exercise price, expired	2.6
Warrant exercise price, outstanding and exercisable, ending balance	$ 2.60

SCHEDULE OF STOCK WARRANT EXERCISE PRICE RANGE (Details) - Warrant [Member]	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Exercise Price Range One [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock warrants exercise price \| $ / shares	$ 0.15
Stock warrants outstanding	100,000
Stock warrants remaining life (Years)	1 year 7 months 13 days
Stock warrants exercisable	100,000
Exercise Price Range Two [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock warrants exercise price \| $ / shares	$ 0.1625
Stock warrants outstanding	100,000
Stock warrants remaining life (Years)	4 months 20 days
Stock warrants exercisable	100,000

EQUITY (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
EQUITY (Details Narrative) - USD ($)	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issuance of common stock, value			$ 47,024
Number of warrant outstanding and exercisable	200,000		200,000		846,154
Warrants exercised
Options granted			0
2008 Equity Compensation Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issuance of maximum shares	7,000,000		7,000,000
Shares available for issuance	2,235,000		2,235,000
Investor [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrant activity	646,154		646,154	300,000
Accredited Investor [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares issued, value		$ 200,000			$ 100,000
Series A Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, shares authorized	1,000,000		1,000,000		1,000,000
Series B Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, shares authorized	10,000		10,000		10,000
Share price	$ 1,000		$ 1,000
Preferred stock price per share	$ 0.0025		$ 0.0025
Series C Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, shares authorized	1,000		1,000		1,000
Share price	$ 1,000		$ 1,000
Preferred stock conversion price	$ 0.015		$ 0.015
Series D Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, shares authorized	100,000		100,000		100,000
Conversion of common stock, shares	100	100	100		100
Reverse leaves balance shares	8		8
Series D Preferred Stock [Member] \| Two Accredited Investors [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Converted of common stock, shares		60,000			15,000
Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, shares authorized	10,000,000		10,000,000
Preferred Stock [Member] \| Series A Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issuance of common stock, value
Preferred Stock [Member] \| Series B Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issuance of common stock, value
Preferred Stock [Member] \| Series C Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issuance of common stock, value
Preferred Stock [Member] \| Series D Preferred Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issuance of common stock, value
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issuance of common stock, shares			1,400,000
Issuance of common stock, value			$ 140
Issuance of common stock, shares				6,231,548
Issuance of common stock, value				$ 62,315
Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Intrinsic value	7,480		7,480
Warrant [Member] \| Investor [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of warrant outstanding and exercisable	200,000		200,000	746,154
Warrants exercised				157,692

COMMITMENTS & CONTINGENCIES (Details Narrative) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Loss Contingencies [Line Items]
Bonuses declared or accrued	$ 0	$ 0
Board of Directors [Member] \| Minimum [Member]
Loss Contingencies [Line Items]
Bonus payment range	15.00%
Board of Directors [Member] \| Maximum [Member]
Loss Contingencies [Line Items]
Bonus payment range	50.00%

SUBSEQUENT EVENTS (Details Narrative) - USD ($)			3 Months Ended	6 Months Ended
SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Aug. 06, 2024	Jul. 29, 2024	Jun. 30, 2024	Jun. 30, 2024	Aug. 02, 2024	Dec. 31, 2023
Subsequent Event [Line Items]
Value of shares issued				$ 47,024
Original issue discount			6,000	$ 6,000		$ 6,788
Convertible Promissory Notes [Member]
Subsequent Event [Line Items]
Convertible debt						$ 400,000
Conversion rate						$ 4.00
Interest rate						12.00%
Common Stock [Member]
Subsequent Event [Line Items]
Number of shares issued				1,400,000
Value of shares issued				$ 140
Subsequent Event [Member] \| Securities Purchase Agreement [Member] \| Convertible Promissory Notes [Member]
Subsequent Event [Line Items]
Convertible debt					$ 345,000
Original issue discount					$ 45,000
Conversion rate					$ 0.035
Interest rate					5.00%
Subsequent Event [Member] \| Securities Purchase Agreement [Member] \| Convertible Promissory Notes [Member] \| First Tranche [Member]
Subsequent Event [Line Items]
Proceeds from debt	$ 50,000
Subsequent Event [Member] \| Investor [Member] \| Securities Purchase Agreement [Member] \| Convertible Promissory Notes [Member]
Subsequent Event [Line Items]
Convertible debt					$ 300,000
Subsequent Event [Member] \| Consultant [Member] \| Common Stock [Member]
Subsequent Event [Line Items]
Number of shares issued		250,000
Value of shares issued		$ 6,000
Number of additional shares issued		250,000

MetAlert (PK) (USOTC:MLRT)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024

Haga Click aquí para más Gráficas MetAlert (PK).

MetAlert (PK) (USOTC:MLRT)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024

Datos

Noticias

Herramientas

Mercados

Descubrir

Hot Features

Follow Feed

Flujo de Opciones

Monitor

MLRT MetAlert Inc (PK)

Noticias sobre MetAlert Inc (PK) MLRT

Su Consulta Reciente

Empresa

Negocios

Popular

Obtener la aplicación

Tendencias Ahora

Listas Principales

Datos

Noticias

Herramientas

Mercados

Descubrir

Hot Features

Follow Feed

Flujo de Opciones

Monitor

MLRT MetAlert Inc (PK)

Noticias sobre MetAlert Inc (PK) MLRT

Su Consulta Reciente

Empresa

Negocios

Popular

Obtener la aplicación