TREE TOP INDUSTRIES, INC.

CIK:0000356590|SEC Filings

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
REVENUES, net
OPERATING EXPENSES
General and administrative	436,499	434,547
Compensation and professional fees	10,536,158	4,695,550
Directors fees related party	54,691,071
Charitable Donations	17,430,000	7,985,736
Depreciation	803	1,697
Total Operating Expenses	83,094,531	13,117,530
OPERATING LOSS	(83,094,531)	(13,117,530)
OTHER INCOME (EXPENSES)
Impairment expense	(14,990,277)
Unrealized Gain/(Loss) on sale of marketable securities	(16,000)	(105,000)
Settlement Fees		(275,000)
Gain/(loss) on sale of assets	50,000	4,447
Gain on stock conversion		28,150
Bad debt expense	(1,631,768)
Debt foregiveness	2,092,272
Finance cost	(206,910)
Interest income		1,500
Interest expense	(85,567)	(107,769)
Total Other Income (Expenses)	(14,788,250)	(453,672)
LOSS BEFORE INCOME TAXES	(97,882,781)	(13,571,202)
INCOME TAX EXPENSE
COMPREHENSIVE LOSS	$ (97,882,781)	$ (13,571,202)
BASIC LOSS PER SHARE	$ (0.30)	$ (0.05)
DILUTED LOSS PER SHARE	$ (0.30)	$ (0.05)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC	330,924,503	257,287,675
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, DILUTED	330,924,503	257,287,675

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (97,882,781)	$ (13,593,202)
Adjustments to reconcile net loss to net cash used in operating activities (net of acquisition):
Depreciation	803	1,697
Stock issued for services and donations	26,620,558	11,797,694
Stock issued for directors fees related party	54,691,071
Imputed interest on loan	6,720	13,440
Gain on debt conversion		(28,150)
Gain on asset sales	(50,000)	(4,447)
Debt foregivess	(2,092,272)
Loss on marketable securities	16,000	127,000
Impairment expense	14,990,277
Change in operating assets and liabilities
(Increase)/Decrease is prepaid expenses	(17,634)
Increase(Decrease) in accounts payable and accrued expenses	40,944	307,529
Increase in accounts payable and accrued expenses-related parties	(741,893)	808,166
Increase(Decrease) in accrued interest payable	50,606	81,997
Net Cash Used in Operating Activities	(4,367,601)	(488,276)
CASH FLOWS FROM INVESTING ACTIVITIES
Cash returned in acquisition reversal BEC		(183,933)
Cash acquired in GTI acquisition from license acquisition		2,373
Cash from sale of assets	50,000	75,000
Net Cash Provided by (Used in) Investing Activities	50,000	(106,560)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from subsidiary shareholder advance	1,881,000
Proceeds fron note payable	355,000	130,000
Proceeds from warrants		3,274,035
Payments to officers and directors		(198,179)
Proceeds from officers and directors		350,000
Net Cash Provided by Financing Activities	2,236,001	3,555,856
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(2,081,600)	2,961,021
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	3,320,164	359,143
CASH AND CASH EQUIVALENTS, END OF PERIOD	1,238,564	3,320,164
SUPPLEMENTAL DISCLOSURES:
Cash paid for interest
Cash paid for income taxes
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Stock held in escrow		10,000
Debt converted to stock		1,075,077
Stock issued for asset acquisition		$ 10,018,085

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 1,238,564	$ 3,320,164
Marketable securities	20,000	36,000
Prepaids and other current assets	17,634
Total Current Assets	1,276,198	3,356,164
PROPERTY, PLANT & EQUIPMENT
Fixed Assets (net)		803
Total Property. Plant and Equipment		803
OTHER ASSETS
License	(0)	14,990,277
Total Other Assets	(0)	14,990,277
TOTAL ASSETS	1,276,198	18,347,244
CURRENT LIABILITIES
Accrued interest payable	33,327	416,774
Notes payable in default		871,082
Due to related parties	1,881,000
Notes payable	435,000	80,000
Current portion of long-term debt	180,000	180,000
Total Current Liabilities	3,544,955	4,051,571
LONG TERM LIABILITIES
Long-term operating lease liabilities
Note Payable	4,788,177	4,788,177
Total Long-term liabilities	4,788,177	4,788,177
Total Liabilities	8,333,132	8,839,748
STOCKHOLDERS’ EQUITY
Preferred stock, par value $.001, 50,000 authorized, 1,000 issued and outstanding	1	1
Common stock, par value $0.001 per share, 750,000,000 shares authorized; 369,025,857 (including 20,000,000 shares held in escrow) at 12/31/2023 and 262,251,320 issued and outstanding, respectively at 12/31/2022	349,025	262,251
Additional paid-in-capital	338,207,679	256,976,102
Accumulated (Deficit)	(345,613,639)	(247,730,858)
Total Stockholders’ Equity	(7,056,934)	9,507,496
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	1,276,198	18,347,244
Nonrelated Party [Member]
CURRENT LIABILITIES
Accounts payable and accrued expenses-related parties	206,313	952,507
Related Party [Member]
CURRENT LIABILITIES
Accounts payable and accrued expenses-related parties	$ 809,315	$ 1,551,208