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COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2023

Metro Creekside California L L C [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

Balance sheet information related to the Company’s operating leases:

SCHEDULE OF OPERATING LEASE COST

	As of December 31, 2023
Right-of-used assets	$	245,974
Lease liabilities – current	$	117,606
Lease liabilities – non-current		128,480
Total lease liabilities	$	246,086

The weighted-average remaining lease term and the weighted-average discount rate of the above two leases are as follows:

	Year Ended December 31, 2023

Weighted average remaining lease term (years)		2.25
Weighted average discount rate		6.5	%

SCHEDULE OF LEASE PAYMENT

The following is a schedule, by year of lease payment for above two leases as of December 31, 2023:

SCHEDULE OF LEASE PAYMENT

For the 12 months ending	Lease Payment

2024		129,622
2025		90,243
2026		40,642
2027		3,511
Total undiscounted cash flows		264,017
Imputed Interest		(17,932	)
Present value of lease liabilities	$	246,086

Leishen Lease [Member]

Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]

SCHEDULE OF OPERATING LEASE COST

Balance sheet information related to the Company’s Leishen operating leases:

SCHEDULE OF OPERATING LEASE COST

	As of December 31, 2023
Right-of-used assets	$	207,995
Lease liabilities – current	$	229,201
Lease liabilities – non-current		81,506
Total lease liabilities	$	310,707

The weighted-average remaining lease term and the weighted-average discount rate of Leishen leases are as follows:

	Year Ended December 31
	2023			2022
Weighted average remaining lease term (years)		2.59			3.59
Weighted average discount rate		5	%		5	%

THE STATUTORY RESERVES	12 Months Ended
Dec. 31, 2023
Statutory Reserves
THE STATUTORY RESERVES	NOTE 17 – THE STATUTORY RESERVES The Company’s ability to pay dividends primarily depends on it receiving funds from its subsidiaries. PRC laws and regulations permit payments of dividends by the Company’s PRC subsidiaries only out of the subsidiary’s retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the financial statements prepared in accordance with US GAAP differ from those reflected in the statutory financial statements of the Company’s PRC subsidiaries. In accordance with the PRC Regulations on Enterprises with Foreign Investment and their articles of association, a foreign-invested enterprise (“FIE”) established in the PRC is required to provide statutory reserves, which are appropriated from net profit as reported in the FIE’s PRC statutory accounts. An FIE is required to allocate at least 10% of its annual after-tax profit to the surplus reserve until such reserve reaches 50% of its respective registered capital based on the FIE’s PRC statutory accounts. Appropriations to other funds are at the discretion of the BOD for all FIEs. The aforementioned reserves can only be used for specific purposes and are not distributable as cash dividends. Additionally, shareholders of an FIE are required to contribute capital to satisfy the registered capital requirement of the FIE. Until such contribution of capital is satisfied, the FIE is not allowed to repatriate profits to its shareholders, unless otherwise approved by the State Administration of Foreign Exchange. Additionally, in accordance with the Company Laws of the PRC, a domestic enterprise is required to provide surplus reserve at least 10% of its annual after-tax profit until such reserve has reached 50% of its respective registered capital based on the enterprise’s PRC statutory accounts. A domestic enterprise is also required to have a discretionary surplus reserve, at the discretion of the BOD, from the profits determined in accordance with the enterprise’s PRC statutory accounts. Appropriation to such reserve by the Company is based on profit arrived at under PRC accounting standards for business enterprises for each year. The profit arrived at must be set off against any accumulated losses sustained by the Company in prior years, before allocation is made to the statutory reserve. The aforementioned reserves can only be used for specific purposes and are not distributable as cash dividends. Technology was established as domestic enterprises and therefore are subject to the above-mentioned restrictions on distributable profits. As a result of these PRC laws and regulations that require annual appropriations of 10% of after-tax income to be set aside prior to payment of dividends as general reserve fund, the Company’s PRC subsidiaries are restricted in their ability to transfer a portion of their net assets to the Company as a dividend. In addition, according to Administrative Measures for the Collection and Utilization of Enterprise Work Safety Funds issued by the PRC Ministry of Finance and the State Administration of Work Safety, for the companies with dangerous goods production or storage, the company is required to make a special reserve for the use of enhancing and improving its safe production conditions. Under PRC GAAP, the reserve is recorded as selling expense; however, under US GAAP, since the expense has not been incurred and the Company will record cost of sales for safety related expenses when it is actually happened or incurred, this special reserve was recorded as an appropriation of its after-tax income. The reserve is calculated at a rate of 15% of total sales.

THE STATUTORY RESERVES

12 Months Ended

Dec. 31, 2023

Statutory Reserves

THE STATUTORY RESERVES

NOTE 17 – THE STATUTORY RESERVES

The Company’s ability to pay dividends primarily depends on it receiving funds from its subsidiaries. PRC laws and regulations permit payments of dividends by the Company’s PRC subsidiaries only out of the subsidiary’s retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the financial statements prepared in accordance with US GAAP differ from those reflected in the statutory financial statements of the Company’s PRC subsidiaries.

In accordance with the PRC Regulations on Enterprises with Foreign Investment and their articles of association, a foreign-invested enterprise (“FIE”) established in the PRC is required to provide statutory reserves, which are appropriated from net profit as reported in the FIE’s PRC statutory accounts. An FIE is required to allocate at least 10% of its annual after-tax profit to the surplus reserve until such reserve reaches 50% of its respective registered capital based on the FIE’s PRC statutory accounts. Appropriations to other funds are at the discretion of the BOD for all FIEs. The aforementioned reserves can only be used for specific purposes and are not distributable as cash dividends. Additionally, shareholders of an FIE are required to contribute capital to satisfy the registered capital requirement of the FIE. Until such contribution of capital is satisfied, the FIE is not allowed to repatriate profits to its shareholders, unless otherwise approved by the State Administration of Foreign Exchange.

Additionally, in accordance with the Company Laws of the PRC, a domestic enterprise is required to provide surplus reserve at least 10% of its annual after-tax profit until such reserve has reached 50% of its respective registered capital based on the enterprise’s PRC statutory accounts. A domestic enterprise is also required to have a discretionary surplus reserve, at the discretion of the BOD, from the profits determined in accordance with the enterprise’s PRC statutory accounts. Appropriation to such reserve by the Company is based on profit arrived at under PRC accounting standards for business enterprises for each year. The profit arrived at must be set off against any accumulated losses sustained by the Company in prior years, before allocation is made to the statutory reserve. The aforementioned reserves can only be used for specific purposes and are not distributable as cash dividends. Technology was established as domestic enterprises and therefore are subject to the above-mentioned restrictions on distributable profits.

As a result of these PRC laws and regulations that require annual appropriations of 10% of after-tax income to be set aside prior to payment of dividends as general reserve fund, the Company’s PRC subsidiaries are restricted in their ability to transfer a portion of their net assets to the Company as a dividend.

In addition, according to Administrative Measures for the Collection and Utilization of Enterprise Work Safety Funds issued by the PRC Ministry of Finance and the State Administration of Work Safety, for the companies with dangerous goods production or storage, the company is required to make a special reserve for the use of enhancing and improving its safe production conditions. Under PRC GAAP, the reserve is recorded as selling expense; however, under US GAAP, since the expense has not been incurred and the Company will record cost of sales for safety related expenses when it is actually happened or incurred, this special reserve was recorded as an appropriation of its after-tax income. The reserve is calculated at a rate of 15% of total sales.

SCHEDULE OF LEASE RECEIVABLE ASSET (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Net Long-term receivables	$ 200,826	$ 116,000
Nations Interbanc [Member]
Long-term receivables	1,149,854	1,000,000
Less reserve for uncollectable accounts	(247,500)	(247,500)
Net Long-term receivables	$ 902,354	$ 752,500

ACCOUNTS AND NOTES RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

SCHEDULE OF ACCOUNTS AND NOTES RECEIVABLE

	December 31, 2023			December 31, 2022
Accounts Receivable	$	1,362,130		$	1,388,567
Accounts Receivable - RP		491,774			-
Less reserve for uncollectable accounts		(95,000	)		(95,000	)
Total	$	1,758,904		$	1,293,567

SCHEDULE OF LEASE RECEIVABLE ASSET

Our Accounts Receivable is pledged to Nations Interbanc, our line of credit.

SCHEDULE OF LEASE RECEIVABLE ASSET

	December 31, 2023			December 31, 2022
Long-term receivables	$	1,149,854		$	1,000,000
Less reserve for uncollectable accounts		(247,500	)		(247,500	)
Net Long-term receivables		902,354			752,500

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES (Details)	Dec. 31, 2023 USD ($)
Income Tax Disclosure [Abstract]
Allowance for doubtful accounts	$ 5,686
Net operating loss (“NOL”) carrying forwards	7,021,555
Operating lease liabilities, net of right of use assets	2,479
Total deferred tax assets, net	7,029,720
Less: valuation allowance	(7,029,720)
Total deferred tax assets, net

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 Income / ( Loss )	$ (5,659,723)	$ 147,395
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	32,850	30,076
Stock compensation expense	148,100
Loss (gain) on debt settlement	1,124,654	(2,556,916)
Amortization of debt discount	846,682	350,470
Attributable loss per equity method - Shuya		5,467
Financing Fees		416,014
Deferred offering expense		(204,556)
Change in derivative liability	(326,539)	331,495
Changes in assets and liabilities:
(Increase) decrease in right of use asset	(297,201)	238,248
(Increase) decrease in lease liability	371,240	(234,816)
(Increase) decrease interest receivable		(81,756)
(Increase) decrease in prepayments	(435,417)	(557,436)
(Increase) decrease in other assets	543,036	(4,091)
(Increase) decrease in inventory	183,368	(38,394)
(Decrease) increase in accounts payable	(561,597)	312,460
(Decrease) increase in accrued interest	26,771	155,162
Other (Decrease) increase in customer deposits	127,350	56,435
Net Cash Used In Operating Activities	(4,783,077)	(2,244,133)
Cash Flows from Investing Activities
Loan receivables		(116,000)
Cash Flows Used In Investing Activities	(318,602)	(1,437,123)
Cash Flows from Financing Activities
Payment on notes payable - related party		(68,207)
Proceeds from notes payable and lines of credit	2,605,539	2,180,460
Proceeds from warrants exercised	987,204
Loan receivables	84,720
Payments on notes payable and line of credit	(1,675,535)	(807,312)
Stock issued for cash	3,094,555	1,493,945
Cash Flows Provided By Financing Activities	5,096,483	2,798,885
Foreign Currency Transaction	30,776	(160,673)
Net (Decrease) Increase in Cash and Cash Equivalents	25,580	(1,043,043)
Cash and Cash Equivalents at Beginning of Period	149,272	1,192,315
Cash and Cash Equivalents at End of Period	174,851	149,272
Supplemental Cashflow Information:
Interest Paid	257,149	671,510
Taxes Paid
Supplemental Non-Cash Disclosure
Discount on new notes	239,800	471,278
Shares issued for warrants	261,639
Shares issued for preferred conversions	3,210,206
Shares issued for debt conversions	666,250	1,548,904
Warrants issued in conjunction for convertible notes payable	609,619
Forgiveness debt		80,000
Clean Energy Technolgies H K Ltd [Member]
Cash Flows from Investing Activities
Cash acquired from consolidation Shuya	49,147
Investment	(286,918)
Purchase of intangible assets	(3,776)
Purchase of fixed assets	(77,055)
Heze Hongyuan Natural Gas Co Ltd [Member]
Cash Flows from Investing Activities
Investment		(754,000)
Sichuan Hongzuo Shuya Energy Limited [Member]
Cash Flows from Investing Activities
Investment		(567,123)
Nonrelated Party [Member]
Changes in assets and liabilities:
(Increase) decrease in accounts receivable – related party	152,277	(675,535)
Other (Decrease) increase in accrued expenses	185,474	(24,817)
Related Party [Member]
Changes in assets and liabilities:
(Increase) decrease in accounts receivable – related party	(534,651)
Other (Decrease) increase in accrued expenses	$ (709,751)	$ 90,962

GENERAL

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

GENERAL

NOTE 1 –GENERAL

Corporate History

We were incorporated in California in July 1995 under the name Probe Manufacturing Industries, Inc. We redomiciled to Nevada in April 2005 under the name Probe Manufacturing, Inc. We manufactured electronics and provided services to original equipment manufacturers (OEMs) of industrial, automotive, semiconductor, medical, communication, military, and high technology products. On September 11, 2015, Clean Energy HRS, or “CE HRS”, our wholly owned subsidiary acquired the assets of Heat Recovery Solutions from General Electric International. In November 2015, we changed our name to Clean Energy Technologies, Inc.

Our principal executive offices are located at 1340 Reynolds Avenue Unit 120, Irvine, California 92614. Our telephone number is (949) 273-4990. Our common stock is listed on the OTCQB Markets under the symbol “CETY.”

Our internet website address is www.cetyinc.com. The information contained on our websites are not incorporated by reference into this document, and you should not consider any information contained on, or that can be accessed through, our website as part of this document.

The Company has four reportable segments: Clean Energy HRS (HRS) and CETY Europe, CETY Renewables waste to energy business unit, the Engineering and Manufacturing services division and CETY Hong Kong.

Going Concern

The financial statements have been prepared on a going concern basis, which contemplates continuity of operations, realization of assets and liquidation of liabilities in the normal course of business. The Company had a total stockholder’s equity of $5,869,198 and a working capital deficit of $1,949,206 and an accumulated deficit of $22,984,163 as of December 31, 2023 and used $4,783,077 in net cash from operating activities for the year ended December 31, 2023. CETY has a clear strategy in place and has the capability to successfully restructure its existing debt and secure additional financing. With its current strategic approach and diversification of its products and solutions, the management has created a favorable environment for the company to transition towards profitability.

Plan of Operation

Our mission is to be a leader in the zero-emission revolution by providing eco-friendly energy solutions, clean energy fuels, and alternative electric power for small to mid-sized projects across North America, Europe, and Asia. The company harnesses the power of heat and biomass to produce electricity with zero emissions and minimal cost. Additionally, the company offers Waste to Energy Solutions, converting waste materials from manufacturing, agriculture, and wastewater treatment plants into electricity and biochar. Clean Energy Technologies also provides engineering, consulting, and project management solutions, leveraging its expertise to develop clean energy projects for both municipal and industrial customers, as well as Engineering, Procurement, and Construction (EPC) companies.

Our principal businesses

Heat Recovery Solutions – Clean Energy Technologies patented frictionless, lubricant and maintenance free magnetic bearing turbine Clean Cycle Generator (CCG) is a heat recovery system that captures waste heat from various sources and converts it into electricity. This system can be integrated into various industrial processes, helping to reduce energy costs and carbon emissions.

Waste to Energy Solutions – Clean Energy Technologies’ waste to energy solutions involve decomposing organic waste materials, such as agricultural waste and food waste at high temperatures into clean energy through its proprietary gasification technology that produce a range of products, including electricity, heat, and biochar.

Engineering, Consulting and Project Management Solutions – Clean Energy Technologies offers engineering and manufacturing services to help clients bring their sustainable energy products to market. This includes design, prototyping, testing, and production services. Clean Energy Technologies’ expertise in engineering and manufacturing enables it to provide customized solutions to meet clients’ specific needs.

CETY HK

Clean Energy Technologies (H.K.) Limited (“CETY HK”) consists of two business ventures in mainland China:(i) our natural gas (“NG”) trading operations sourcing and suppling NG to industries and municipalities. NG is principally used for heavy truck refueling stations and urban or industrial users. We purchase large quantities of NG from large wholesale NG depots at fixed prices which are prepaid for in advance at a discount to market. We sell the NG to our customers at prevailing daily spot prices for the duration of the contracts; and (ii) our planned joint venture with a large state-owned gas enterprise in China called Shenzhen Gas (Hong Kong) International Co. Ltd. (“Shenzhen Gas”),, acquiring natural gas pipeline operator facilities, primarily located in the southwestern part of Sichuan Province and portions of Yunnan Province. Our planned joint venture with Shenzhen Gas plans to acquire, with financing from Shenzhen Gas, natural gas pipeline operator facilities with the goal of aggregating and selling the facilities to Shenzhen Gas in the future. According to our Framework Agreement with Shenzhen Gas, we will be required to contribute $8 million to the joint venture. The terms of the joint venture are subject to the execution of definitive agreements.

SCHEDULE OF RECONCILIATION OF STATUTORY TAX RATE (Details)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Federal statutory tax expense (benefit)	(21.00%)
State statutory	(6.80%)
Tax rate difference	0.10%
Permanent difference	0.20%
Change in valuation allowance	(28.00%)
Effective tax rate	0.40%

SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 747,976	$ 747,976
LWL Investment	1,468,709	1,468,709
License	354,322	354,322
Patents	190,789	190,789
Accumulated Amortization	(98,972)	(87,096)
Net Fixed Assets	$ 2,682,893	$ 2,674,700

Consolidated Statements of Stockholders Equity - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Beginning balance at Dec. 31, 2021	$ 23,589		$ 15,697,688		$ (17,423,931)	$ (19,059)	$ (1,721,712)
Balance, shares at Dec. 31, 2021	23,589,229
Shares issued for warrant conversion			471,278				471,278
Shares issued for Reg A offering	$ 376		1,202,424				1,202,800
Shares issued for Reg A offering, shares	375,875
Shares issued for MGW note conversion	$ 12,908		1,535,996				1,548,904
Shares issued for MGW note conversion, shares	12,907,534
Shares for Mast conversion	$ 100		(100)				0
Shares for Mast conversion, shares	100,446
Shares issued for S-1 Registration	$ 202		290,943				291,145
Shares issued for S-1 Registration, shares	201,795
Contribution to capital			80,000				80,000
Accumulated Comprehensive				(160,673)			(160,673)
Net Loss					147,395	19,059	166,454
Net Loss							147,395
Ending balance at Dec. 31, 2022	$ 37,175		19,278,229	(160,673)	(17,276,536)		1,878,196
Balance, shares at Dec. 31, 2022	37,174,879
Shares issued for warrant conversion	$ 617		986,586				987,203
Shares issued for S-1 Registration	$ 975		3,899,025				3,900,000
Shares issued for S-1 Registration, shares	975,000
Accumulated Comprehensive				(36,155)		(21,696)	(57,850)
Warrants issued in conjunction for debt			609,619				609,619
Warrants issued for services			76,100				76,100
Offering cost			(805,445)				(805,445)
Shares issued for rounding	$ 4		(4)
Shares issued for rounding, shares	3,745
Shares for Pacific Pier and Firstfire conversion	$ 64		(68)				$ (4)
Shares for Pacific Pier and Firstfire conversion, shares							64,225
Shares issued for Debt Conversion	$ 278		665,972				$ 666,250
Shares issued for Debt Conversion, shares	277,604
Fair value of NCI from acquisition of Shuya						650,951	650,951
Shares issued for warrant conversion, shares	617,002
Reclassification of derivative liabilities due to note repayment			261,639				261,639
Shares based compensation	$ 40		71,960				72,000
Shares based compensation, shares	40,000
Shares issued for Series E preferred		$ 2,199	3,208,007				3,210,206
Shares issued for Series E preferred, shares		2,199,387
Series E preferred dividend					(47,904)		(47,904)
Net Loss					(5,659,723)	127,961	(5,531,762)
Ending balance at Dec. 31, 2023	$ 39,152	$ 2,199	$ 28,251,621	$ (196,827)	$ (22,984,163)	$ 757,216	$ 5,869,198
Balance, shares at Dec. 31, 2023	39,152,455	2,199,387

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Estimates

Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 revenue and expenses during the reporting period. Such estimates may be materially different from actual financial results. Significant estimates include the recoverability of long-lived assets, the collection of accounts receivable and valuation of inventory and reserves.

Cash and Cash Equivalents

Cash and Cash Equivalents

We maintain most of our cash accounts at a commercial bank. The total cash balance is insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000, (which we may exceed from time to time) per commercial bank. For the purposes of the statement of cash flows we consider all cash and highly liquid investments with initial maturities of one year or less to be cash equivalents.

Accounts Receivable

Accounts Receivable

Our ability to collect receivables is affected by economic fluctuations in the geographic areas and industries served by us. Reserves for uncollectable amounts are provided, based on past experience and a specific analysis of the accounts. Although we expect to collect amounts due, actual collections may differ from the estimated amounts. As of December 31, 2023, and December 31, 2022, we had a reserve for potentially un-collectable accounts receivable of $95,000 and $95,000. Our policy for reserves for our long-term financing receivables is determined on a contract-by-contract basis and considers the length of the financing arrangement. As of December 31, 2023, and December 31, 2022, we had a reserve for potentially un-collectable long-term financing receivables of $247,500 and $247,500 respectively.

Seven (7) customers accounted for approximately 98% of accounts receivable on December 31, 2023. Our trade accounts primarily represent unsecured receivables. Historically, our bad debt write-offs related to these trade accounts have been insignificant. Four (4) customers accounted for approximately 98% of accounts receivable on December 31, 2023. Our trade accounts primarily represent unsecured receivables.

Inventory

Inventory

Inventories are valued at the lower of weighted average cost or market value. Our industry experiences changes in technology, changes in market value and availability of raw materials, as well as changing customer demand. We make provisions for estimated excess and obsolete inventories based on regular audits and cycle counts of our on-hand inventory levels and forecasted customer demands and at times additional provisions are made. Any inventory write offs are charged to the reserve account. As of December 31, 2023 we had a reserve of $934,344 vs. reserve of $897,808 as of December, 2022.

Property and Equipment

Property and Equipment

Property and equipment are recorded at cost. Assets held under capital leases are recorded at lease inception at the lower of the present value of the minimum lease payments or the fair market value of the related assets. The cost of ordinary maintenance and repairs is charged to operations. Depreciation and amortization are computed on the straight-line method over the following estimated useful lives of the related assets:

SCHEDULE OF ESTIMATED USEFUL LIVES

Furniture and fixtures 3 to 5 years

Equipment 5 to 10 years

Long – Lived Assets

Long – Lived Assets

Long-lived assets, which include property, plant and equipment and intangible assets with finite lives, and operating lease right-of-use assets, are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable.

Recoverability of long-lived assets to be held and used is measured by comparing the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the assets. Fair value is generally determined using the asset’s expected future discounted cash flows or market value, if readily determinable.

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the asset’s carrying amount may not be recoverable. The Company conducts its long-lived asset impairment analyses in accordance with ASC 360-10-15, “Impairment or Disposal of Long-Lived Assets.” ASC 360-10-15 requires the Company to group assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities and evaluate the asset group against the sum of the undiscounted future cash flows. If the undiscounted cash flows do not indicate the carrying amount of the asset is recoverable, an impairment charge is measured as the amount by which the carrying amount of the asset group asset group exceeds its fair value based on discounted cash flow analysis or appraisals. There was no impairment of long-lived assets for the periods ended December 31, 2023 and 2022.

Revenue Recognition

Revenue Recognition

The Company recognizes revenue under ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” (“ASC 606”).

Performance Obligations Satisfied Over Time

FASB ASC 606-10-25-27 through 25-29, 25-36 through 25-37, 55-5 through 55-10

An entity transfers control of a good or service over time and satisfies a performance obligation and recognizes revenue over time if one of the following criteria is met:

a. The customer receives and consumes the benefits provided by the entity’s performance as the entity performs (as described in FASB ASC 606-10-55-5 through 55-6).

b. The entity’s performance creates or enhances an asset (for example, work in process) that the customer controls as the asset is created or enhanced (as described in FASB ASC 606-10-55-7).

c. The entity’s performance does not create an asset with an alternative use to the entity (see FASB ASC 606-10-25-28), and the entity has an enforceable right to payment for performance completed to date (as described in FASB ASC 606-10-25-29).

Performance Obligations Satisfied at a Point in Time

FASB ASC 606-10-25-30

If a performance obligation is not satisfied over time, the performance obligation is satisfied at a point in time. To determine the point in time at which a customer obtains control of a promised asset and the entity satisfies a performance obligation, the entity should consider the guidance on control in FASB ASC 606-10-25-23 through 25-26. In addition, it should consider indicators of the transfer of control, which include, but are not limited to, the following:

a. The entity has a present right to payment for the asset

b. The customer has legal title to the asset

c. The entity has transferred physical possession of the asset

d. The customer has the significant risks and rewards of ownership of the asset

e. The customer has accepted the asset

The core principle of the revenue standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods and services transferred to the customer. In addition, a) the company also does not have an alternative use for the asset if the customer were to cancel the contract, and b) has a fully enforceable right to receive payment for work performed (i.e., customers are required to pay as various milestones and/or timeframes are met)

The following five steps are applied to achieve that core principle for our HRS and Cety Europe Divisions:

	●	Identify the contract with the customer
	●	Identify the performance obligations in the contract
	●	Determine the transaction price
	●	Allocate the transaction price to the performance obligations in the contract
	●	Recognize revenue when the company satisfies a performance obligation

The following steps are applied to our legacy engineering and manufacturing division:

	●	We generate a quotation
	●	We receive Purchase orders from our customers.
	●	We build the product to their specification
	●	We invoice at the time of shipment
	●	The terms are typically Net 30 days

The following step is applied to our CETY HK business unit:

●

CETY HK is primarily responsible for fulfilling the contract / promise to provide the specified good or service.

A principal obtains control over any one of the following (ASC 606-10-55-37A):

	a.	A good or another asset from the other party which the entity then transfers to the customer. Note that momentary control before transfer to the customer may not qualify.
	b.	A right to a service to be performed by the other party, which gives the entity the ability to direct that party to provide the service to the customer on the entity’s behalf.
	c.	A good or service from the other party that it then combines with other goods or services in providing the specified good or service to the customer.

If the entity obtains control over one of the above before the good or service is transferred to a customer, the entity could be considered a principal.

Additionally, the above five steps are applied to achieve core principle for our CETY Renewables Division:

Because the CETY Renewables division is presently engaged in the Engineering, Procurement, and Construction (EPC) of biomass power facilities, CETY Renewables has developed a process of executing EPC Agreements with customers for this work. In contracting these engagements, CETY Renewables recognizes revenue according to accounting standards in accordance with ASC 606.

In recognizing this revenue, CETY Renewables first identifies the relevant contract with its customer according to 606-10-25-1.

●

The entities, together known as the Parties, approved the contract in writing, through signatures and commitment to the performance of permitting, design, procurement, construction, and commissioning.

●

CETY’s work product includes permits, engineering designs, equipment, and full balance of plant specific to permitting, design, procurement, construction, and commissioning.

●

CETY and customer agree to a total EPC Contract price.

●

The contract has commercial substance. The risk associated with this EPC Agreement is that payment of the EPC contract price.

●

Per the EPC Agreement, CETY expects to collect substantially all of the consideration for its goods and services.

Secondly, CETY identifies the performance obligations of the Parties in performance of the EPC Agreement in accordance with 606-10-25-14. At contract inception, CETY assesses the goods and services necessary to deliver the facility in accordance with its agreement with clients. The agreement specifically laid out all deliverables necessary to achieve the permitting, design, procurement, construction, and commissioning.

CETY also looks at 606-10-25-14(A). A bundle of goods or services is also present, in that CETY is delivering all work products associated with permitting, design, procurement, construction and commissioning of a commercially operable biomass power plant. A biomass power plant is a distinct bundle of goods or services, so the individual goods or services on their own do not lend themselves to a fully integrated or functional system.

CETY in accordance with 606-10-32-1, CETY reviews measurement of the performance obligations. There is no exclusion of any amount of the Contract Price due to constraints associated with 606-10-31-11 through 606-10-32-13.

In review of 606-10-32-2A, CETY did not exclude measurement from the measurement of the transaction price any taxes assessed by a government authority as no such taxes will be due.

In reviewing 606-10-32-3, CETY evaluated the nature, timing, and amount of consideration promised, and whether it impacts the estimate of the transaction price.

Finally, in identifying a single method of measuring progress for each performance obligation satisfied over time, in accordance with 606-10-25-32, CETY applies the methodology of 606-10-25-36. CETY adopted and implemented the input method for revenue recognition in accordance with ASC 606-10-25-33. The company adopts the input method for implementation. CETY recognizes revenue for performance obligations on the basis of the entity’s efforts or inputs to the satisfaction of a performance obligation per 606-10-55-20.

For CETY, the contracts with clients for the construction of biomass power plants are the basis for revenue recognition. In each separate EPC Agreement, the performance obligations include permitting, design, procurement, construction, and commissioning of the plant. All of these work products satisfy Section 606-10-25-27(b) as these work products create or enhance an asset under customer’s control. Upon delivery of the work product, the customer takes control of the work products and has full right and ability to direct the use of and obtain substantially all of the remaining benefits of the assets. We recognize revenue over time, using timeline and milestone methods to measure progress towards complete satisfaction of the performance obligation.

During the complexity and duration of the biomass power plant construction projects, CETY will recognize revenue over time, consistent with the criteria for over-time recognition under ASC 606. This approach reflects the continuous transfer of documents, permits, and the equipment over to the customer, which is characteristic of long-term construction contracts.

We have a list of appropriate measures of progress: This is based on milestones achieved, among other measures.

Given the long-term nature of the projects, CETY regularly reviews and, if necessary, updates its estimates of progress towards completion, transaction price, and the allocation of the transaction price to performance obligations.

Also, from time to time our contracts state that the customer is not obligated to pay a final payment until the units are commissioned, i.e. a final payment of 10%. As of December 31, 2023 and 2022 we had $33,000 and 33,000 of deferred revenue, which is expected to be recognized in the second quarter of year 2024.

Also from time to time we require upfront deposits from our customers based on the contract. As of December 31, 2023 and 2022, we had outstanding customer deposits of $210,310 and $80,475 respectively.

Fair Value of Financial instruments

Fair Value of Financial instruments

The Financial Accounting Standards Board issued ASC (Accounting Standards Codification) 820-10 (SFAS No. 157), “Fair Value Measurements and Disclosures” for financial assets and liabilities. ASC 820-10 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. FASB ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value:

	●	Level 1: Quoted prices in active markets for identical assets or liabilities.
	●	Level 2: Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.
	●	Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The Company’s derivative liabilities have been valued as Level 3 instruments. We value the derivative liability using a lattice model, with a volatility of 56% and using a risk free interest rate of 0.15%

The Company’s financial instruments consist of cash, prepaid expenses, inventory, accounts payable, accrued expenses, and convertible notes payable. The estimated fair value of cash, prepaid expenses, investments, accounts payable, accrued expenses and convertible notes payable approximate their carrying amounts due to the short-term nature of these instruments.

Foreign Currency Translation and Comprehensive Income (Loss)

Foreign Currency Translation and Comprehensive Income (Loss)

We have no material components of other comprehensive income (loss) and accordingly, net loss is equal to comprehensive loss in all periods. The accounts of the Company’s Chinese entities are maintained in RMB. The accounts of the Chinese entities were translated into USD in accordance with FASB ASC Topic 830 “Foreign Currency Matters.” All assets and liabilities were translated at the exchange rate on the balance sheet date; stockholders’ equity is translated at historical rates and the statements of operations and cash flows are translated at the weighted average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income (loss) in accordance with FASB ASC Topic 220, “Comprehensive Income.” Gains and losses resulting from foreign currency transactions are reflected in the statements of operations.

The Company follows FASB ASC Topic 220-10, “Comprehensive Income (loss).” Comprehensive income (loss) comprises net income (loss) and all changes to the statements of changes in stockholders’ equity, except those due to investments by stockholders, changes in additional paid-in capital and distributions to stockholders.

Change from fair value or equity method to consolidation

Change from fair value or equity method to consolidation.

In July 2022, JHJ, a wholly owned subsidiary of CETY HK and other three shareholders agreed to form and make total capital contribution of RMB 20 million ($2.81 million) with latest contribution due date in February 2066 into Sichuan Hongzuo Shuya Energy Limited (“Shuya”), JHK owns 20% of Shuya. In August 2022, JHJ purchased 100% ownership of Sichuan Shunengwei Energy Technology Limited (“SSET”) for $0, who owns 29% of Shuya; Shunengwei is a holding company and did not have any operations nor made any capital contribution into Shuya as of the ownership purchase date by JHJ; Right after the ownership purchase of SSET, JHJ ultimately owns 49% of Shuya.

Shuya was set up as the operating entity for pipeline natural gas (PNG) and compressed natural gas (CNG) trading business, while the other two shareholders of Shuya have large supply relationships.

For the year ended December 31, 2022, the Company has determined that Shuya is not a VIE and has evaluated its consolidation analysis under the voting interest model. Because the Company does not own greater than 50% of the outstanding voting shares, either directly or indirectly, it has accounted for its investment in Shuya under the equity method of accounting. Under this method, the investor (“JHJ”) recognizes its share of the profits and losses of the investee (“Shuya”) in the periods when these profits and losses are also reflected in the accounts of the investee. Any profit or loss recognized by the investing entity appears in its income statement. Also, any recognized profit increases the investment recorded by the investing entity, while a recognized loss decreases the investment.

JHJ made an investment of RMB 3.91 million ($0.55 million) into Shuya during the 12 months ended December 31, 2022 recorded in accordance with ASC 323. Shuya had a net loss of approximately $10,750 during the year ending December 31, 2022, of which approximately $5000 was allocated to the company, reducing the investment by that amount.

Chengdu Xiangyueheng Enterprise Management Co., Ltd (the “Xiangyueheng”), which owns a 10% equity interest in Shuya, entered a three-party Concerted Action Agreement (the “CAA”), wherein the parties agreed to vote in unison at the shareholders’ meeting of Shuya to consolidate the controlling position of the three parties in Shuya. The three parties agreed that during the term of the CAA, before any of the three parties intends to propose motions to the shareholders’ meetings or the board of directors, or exercise their voting rights on any matter that shall be presented to and resolved through the shareholders’ meeting in accordance with the laws, regulations, Articles of Association of Shuya or any relevant shareholders’ agreements, the three parties will discuss, negotiate, and coordinate the motion topics for consistency; in the event of disagreement, the opinions of JHJ shall prevail.

As a result of the CAA, the Company re-analyzed and determined that Shuya is the variable interest entity (the “VIE”) of JHJ because 1) the equity investors at risk, as a group, lack the characteristics of a controlling financial interest, and 2) Shuya is structured with disproportionate voting rights, and substantially all the activities are conducted on behalf of an investor with disproportionately few voting rights. Under ASC 810, a reporting entity has a controlling financial interest in a VIE, and must consolidate that VIE, if the reporting entity has both of the following characteristics: (a) the power to direct the activities of the VIE that most significantly affect the VIE’s economic performance; and (b) the obligation to absorb losses, or the right to receive benefits, that could potentially be significant to the VIE. The Company concluded JHJ is deemed the primary beneficiary of the VIE. Accordingly, the Company consolidates Shuya into its consolidated financial statements effective on January 1, 2023.

The change of control interest was accounted for using the acquisition method of accounting in accordance with Accounting Standards Codification, referred to as ASC, 805, Business Combinations. The management determined that the Company was the acquiror for financial accounting purposes. In identifying the Company as the accounting acquiror, the companies considered the structure of the transaction and other actions contemplated by the Three-Parties Consistent Action Agreement, relative outstanding share ownership and market values, the composition of the combined company’s board of directors, the relative size of Shuya, and the designation of certain senior management positions of the combined company.

In accordance with ASC 805, the Company recorded the acquisition based on the fair value of the consideration transferred and then allocated the purchase price to the identifiable assets acquired and liabilities assumed based on their respective fair values as of the Acquisition Date. The excess of the value of consideration transferred over the aggregate fair value of those net assets was recorded as goodwill. Any identified definite lived intangible assets will be amortized over their estimated useful lives and any identified intangible assets with indefinite useful lives and goodwill will not be amortized but will be tested for impairment at least annually. All intangible assets and goodwill will be tested for impairment when certain indicators are present. Determining the fair value of assets acquired and liabilities assumed requires management to use significant judgment and estimates including the selection of valuation methodologies, estimates of future revenues and cash flows, discount rates, and selection of comparable companies. The valuation of purchase considerations was based on preliminary estimates that management believes are reasonable under the circumstances. Based on the preliminary independent valuation, management determined that the difference in the fair value of the consideration paid, and book records was immaterial due to the fact that Shuya has been only in operations for less than a year after effective date of control in became effective. The management determined that the final purchase price allocation shall be re-valuated subject to change pending additional operational results and forecast assumptions.

As the Consistent Action Agreement did not quantify any considerations to gain the control, the deemed consideration paid is the fair value of 51% non-controlling interest as of January 1, 2023. The following table summarizes the fair value of the consideration paid and the fair value of assets acquired and liabilities assumed on January 1, 2023, the acquisition date.

Fair value of non-controlling interests	$	650,951
Fair value of previously held equity investment		556,096
Subtotal	$	1,207,047
Recognized value of 100% of identifiable net assets		(1,207,047	)
Goodwill Recognized	$	-
Recognized amounts of identifiable assets acquired and liabilities assumed (preliminary):
Inventories	$	516,131
Cash and cash equivalents		50,346
Trade and other receivables		952,384
Advanced deposit		672,597
Net fixed assets		6,704
Trade and other payables		(1,021,897	)
Advanced payments		(5,317	)
Salaries and wages payables		(4,692	)
Other receivable		40,791
Total identifiable net assets	$	1,207,047

Under ASC-805-10-50-2, initial consolidation of an investee previously reported using fair value or the equity method should be accounted for prospectively as of the date the entity obtained a controlling financial interest. Therefore, the Company should provide pro forma information as if the consolidation had occurred as of the beginning of each of the current and prior comparative reporting period per

Unaudited Proforma of Consolidated Statement of Operations

	2023			2022
Sales		14,702,977			4,029,087
Sales - Related Party		410,486			-
Total Income		15,113,463			4,029,087

Cost of Goods Sold		14,023,209			2,758,977

Gross Profit		1,090,254			1,270,110

Expense
General and Administrative Expense		684,893			507,321
Salaries		1,671,071			782,657
Travel		405,334			166,025
Professional Fees Legal & Accounting		356,785			315,361
Facility Lease and Maintenance		401,293			349,610
Consulting Engineering		199,594			119,896
Stock Compensation		-			-
Depreciation and Amortization		26,692			30,076
Total Expense		3,745,662			2,270,946

Net Profit / (Loss) From Operations		(2,655,408	)		(1,000,836	)

Other Income & Expense
Other Income		81,583			55,577
Change in Derivative Liability		326,539			(331,495	)
Gain / (Loss) on Debt Settlement and Write Down		(1,124,654	)		2,556,916
Interest and Financing fees		(2,137,649	)		(1,125,371	)
Net Profit / (Loss) Before Income Taxes		(5,509,589	)		154,791

Income Tax Expense		(22,173	)		(18,283	)
Net Profit / (Loss)		(5,531,762	)		136,508

Non-controlling interest		127,961			-

Net Profit / (Loss) attributable to Clean Energy Technologies, Inc.		(5,659,723	)		136,508

Other Comprehensive Item
Foreign Currency Translation Gain		(36,155	)		(160,673	)
Total Comprehensible Income / (Loss)		(5,695,878	)		(24,165	)
Non- Controlling interest
Accumulative Other Comprehensive Income		838			-
Total Comprehensive Income		(5,695,040	)		(24,165	)

Net Profit (Loss) per Preferred and Common Share

Net Profit (Loss) per Preferred and Common Share

Basic profit / (loss) per share is computed based on the weighted average number of common shares outstanding. At December 31, 2023, we had outstanding common shares of 39,152,455 used in the calculation of basic earnings per share. Basic weighted average common shares and equivalents for the years ended December 31, 2023 and 2022 were 38,447,916 and 27,681,722, respectively. As of December 31, 2023, we had convertible notes, convertible into approximately 277,604 of additional common shares, and 70,102 common stock warrants, and 1,857,590 preferred shares. Fully diluted weighted average common shares and equivalents were 38,227,965 as of December 31, 2023 and were withheld from the calculation as they were considered anti-dilutive for the year ended December 31, 2023.

Research and Development

Research and Development

We had no amounts of research and development R&D expense during the year ended December 31, 2023 and 2022.

Segment Disclosure

Segment Disclosure

FASB Codification Topic 280, Segment Reporting, establishes standards for reporting financial and descriptive information about an enterprise’s reportable segments. The Company has four reportable segments: Manufacturing & Engineering services, Clean Energy HRS (HRS), CETY HK NG Trading, and CETY Renewables Waste to Energy. The segments are determined based on several factors, including the nature of products and services, the nature of production processes, customer base, delivery channels and similar economic characteristics. Refer to note 1 for a description of the various product categories manufactured under each of these segments.

An operating segment’s performance is evaluated based on its pre-tax operating contribution, or segment income. Segment income is defined as net sales less cost of sales, and segment selling, general and administrative expenses, and does not include amortization of intangibles, stock-based compensation, other charges (income), net and interest and other, net.

Selected Financial Data:

SCHEDULE OF FINANCIAL DATA

	2023			2022
	For the years ended December 31,
	2023			2022
Net Sales
Manufacturing and Engineering	$	47,091		$	203,078
Heat Recovery Solutions		497,584			4488,453
LNG Trading		14,138,789			1,890,439
Waste to Energy		429,999			81,242
Total Sales	$	15,113,463		$	2,663,212

Segment income and reconciliation before tax
Manufacturing and Engineering		(16,199	)		124,437
Heat Recovery Solutions		157,179			361,914
LNG Trading		594,041			619,446
Waste to Energy		355,233			68,399
Total Segment income		1,090,254			1,174,196
Less: operating expense		(3,745,662	)		(2,163,947	)
Less: other income and expenses		(2,854,181	)		1,155,429
Net profit/ (loss) before income tax	$	(5,509,589	)	$	165,678

	December 31, 2023		December 31, 2022
Total Assets
CETY & Manufacturing and Engineering	$	2,548,630	$	5,518,460
Clean Energy HRS		3,099,223		2,556,166
Waste to Energy		523,566		39,703
LNG Trading		5,339,618		-
Total Assets	$	11,511,037	$	8,114,329

	2023		2022
	For the years ended December 31,
	2023		2022
United States		905,057		509,330
China		14,138,789		1,925,950
Other international		69,617		132,316
Total Sales		15,113,463		2,567,596

Share-Based Compensation

Share-Based Compensation

The Company has adopted the use of Statement of Financial Accounting Standards No. 123R, “Share-Based Payment” (SFAS No. 123R) (now contained in FASB Codification Topic 718, Compensation-Stock Compensation), which supersedes APB Opinion No. 25, “Accounting for Stock Issued to Employees,” and its related implementation guidance and eliminates the alternative to use Opinion 25’s intrinsic value method of accounting that was provided in Statement 123 as originally issued. This Statement requires an entity to measure the cost of employee services received in exchange for an award of an equity instruments, which includes grants of stock options and stock warrants, based on the fair value of the award, measured at the grant date (with limited exceptions). Under this standard, the fair value of each award is estimated on the grant date, using an option-pricing model that meets certain requirements. We use the Black-Scholes option-pricing model to estimate the fair value of our equity awards, including stock options and warrants. The Black-Scholes model meets the requirements of SFAS No. 123R; however, the fair values generated may not reflect their actual fair values, as it does not consider certain factors, such as vesting requirements, employee attrition and transferability limitations. The Black-Scholes model valuation is affected by our stock price and a number of assumptions, including expected volatility, expected life, risk-free interest rate and expected dividends. We estimate the expected volatility and estimated life of our stock options at grant date based on historical volatility. For the “risk-free interest rate,” we use the Constant Maturity Treasury rate on 90-day government securities. The term is equal to the time until the option expires. The dividend yield is not applicable, as the Company has not paid any dividends, nor do we anticipate paying them in the foreseeable future. The fair value of our restricted stock is based on the market value of our free trading common stock, on the grant date calculated using a 20-trading-day average. At the time of grant, the share-based compensation expense is recognized in our financial statements based on awards that are ultimately expected to vest using historical employee attrition rates and the expense is reduced accordingly. It is also adjusted to account for the restricted and thinly traded nature of the shares. The expense is reviewed and adjusted in subsequent periods if actual attrition differs from those estimates.

We re-evaluate the assumptions used to value our share-based awards on a quarterly basis and, if changes warrant different assumptions, the share-based compensation expense could vary significantly from the amount expensed in the past. We may be required to adjust any remaining share-based compensation expense, based on any additions, cancellations or adjustments to the share-based awards. The expense is recognized over the period during which an employee is required to provide service in exchange for the award—the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service. For the year ended December 31, 2023 and 2022 we had $0 in share-based expense, due to the issuance of common stock. As of December 31, 2023, we had no further non-vested expense to be recognized.

Leases

Leases

On January 2, 2020, the Company adopted ASC Topic 842, Leases, or ASC 842, using the modified retrospective transition method with a cumulative effect adjustment to be accumulated deficit as of January 1, 2019, and accordingly, modified its policy on accounting for leases as stated below. As described under “Recently Adopted Accounting Pronouncements,” below, the primary impact of adopting ASC 842 for the Company was the recognition in the consolidated balance sheet of certain lease-related assets and liabilities for operating leases with terms longer than 12 months.

The Company’s leases primarily consist of facility leases which are classified as operating leases. The Company assesses whether an arrangement contains a lease at inception. The Company recognizes a lease liability to make contractual payments under all leases with terms greater than twelve months and a corresponding right-of-use asset, representing its right to use the underlying asset for the lease term. The lease liability is initially measured at the present value of the lease payments over the lease term using the collateralized incremental borrowing rate since the implicit rate is unknown. Options to extend or terminate a lease are included in the lease term when it is reasonably certain that the Company will exercise such an option. The right-of-use asset is initially measured as the contractual lease liability plus any initial direct costs and prepaid lease payments made, less any lease incentives. Lease expense is recognized on a straight-line basis over the lease term.

Leased right-of-use assets are subject to impairment testing as a long-lived asset at the asset-group level. The Company monitors its long-lived assets for indicators of impairment. As the Company’s leased right-of-use assets primarily relate to facility leases, early abandonment of all or part of facility as part of a restructuring plan is typically an indicator of impairment. If impairment indicators are present, the Company tests whether the carrying amount of the leased right-of-use asset is recoverable including consideration of sublease income, and if not recoverable, measures impairment loss for the right-of-use asset or asset group.

Income Taxes

Income Taxes

Federal Income taxes are not currently due since we have had losses since inception of Clean Energy Technologies.

On December 22, 2018 H.R. 1, originally known as the Tax Cuts and Jobs Act, (the “Tax Act”) was enacted. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowers the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. The Company will compute its income tax expense for the year ended December 31, 2022 using a Federal Tax Rate of 21% and an estimated state of California rate of 9%.

Income taxes are provided based upon the liability method of accounting pursuant to ASC 740-10-25 Income Taxes – Recognition. Under this approach, deferred income taxes are recorded to reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year-end. A valuation allowance is recorded against deferred tax assets if management does not believe the Company has met the “more likely than not” standard required by ASC 740-10-25-5.

Deferred income tax amounts reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes.

As of December 31, 2023, we had a net operating loss carry-forward of approximately $(15,737,415) and a deferred tax asset of $4,727,224 using the statutory rate of 30%. The deferred tax asset may be recognized in future periods, not to exceed 20 years. However, due to the uncertainty of future events we have booked valuation allowance of $(4,727,224). FASB ASC 740 prescribes recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. At December 31, 2023 the Company had not taken any tax positions that would require disclosure under FASB ASC 740.

On February 13, 2018, Clean Energy Technologies, Inc., a Nevada corporation (the “Registrant” or “Corporation”) entered into a Common Stock Purchase Agreement (“Stock Purchase Agreement”) by and between MGW Investment I Limited (“MGWI”) and the Corporation. The Corporation received $907,388 in exchange for the issuance of 7,561,567 restricted shares of the Corporation’s common stock, par value $.001 per share (the “Common Stock”).

On February 13,2018 the Corporation and Confections Ventures Limited. (“CVL”) entered into a Convertible Note Purchase Agreement (the “Convertible Note Purchase Agreement,” together with the Stock Purchase Agreement and the transactions contemplated thereunder, the “Financing”) pursuant to which the Corporation issued to CVL a convertible promissory Note (the “CVL Note”) in the principal amount of $939,500 with an interest rate of 10% per annum interest rate and a maturity date of February 13, 2020. The CVL Note is convertible into shares of Common Stock at $0.12 per share, as adjusted as provided therein. This note was assigned to MGW Investments.

This resulted in a change in control, which limited the net operating to that date forward. We are subject to taxation in the U.S. and the states of California. Further, the Company currently has no open tax years’ subject to audit prior to December 31, 2018. The Company is current on its federal and state tax returns.

Reclassification

Reclassification

Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported income, total assets, or stockholders’ equity as previously reported.

Recently Issued Accounting Standards

Recently Issued Accounting Standards

The Company’s management reviewed all recently issued ASU’s not yet adopted by the Company and does not believe the future adoptions of any such ASU’s may be expected to cause a material impact on the Company’s consolidated financial condition or the results of its operations.

Deferred Stock Issuance Costs

Deferred Stock Issuance Costs

Deferred stock issuance costs represent amounts paid for legal, consulting, and other offering expenses in conjunction with the future raising of additional capital to be performed within one year. These costs are netted against additional paid-in capital as a cost of the stock issuance upon closing of the respective stock placement. During the year ended December 31, 2023, $11,000 of deferred stock issuance costs will capitalized and will be recognized upon the funding of the offering during the year 2024.

CONVERTIBLE NOTE RECEIVABLE (Details Narrative)		12 Months Ended
CONVERTIBLE NOTE RECEIVABLE (Details Narrative)	Jan. 10, 2022 USD ($)	Dec. 31, 2023 USD ($)	Jan. 10, 2022 CNY (¥)
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Interest Income, Operating		$ 58,273
Heze Hongyuan Natural Gas Co Ltd [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Equity Method Investment, Ownership Percentage	90.00%		90.00%
Heze Hongyuan Natural Gas Co Ltd [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage	15.00%		15.00%
Convertible Debt Securities [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Debt Instrument, Maturity Date	Jan. 10, 2025
Debt Instrument, Face Amount	$ 780,000		¥ 5,000,000
Debt Instrument, Interest Rate, Stated Percentage	12.00%		12.00%

INCOME TAX (Details Narrative) - 12 months ended Dec. 31, 2023 ¥ in Millions, $ in Millions	CNY (¥)	HKD ($)	USD ($)
Operating Loss Carryforwards [Line Items]
Tax rate	(6.80%)	(6.80%)
Effective income tax rate	0.40%	0.40%
Operating loss carryforwards			$ 15,737,415
Net Operating loss carryforwards			30,080,000.00
Net Operating loss carryforwards			87,148,000,000
Valuation allowance			7,030,000.00
HONG KONG
Operating Loss Carryforwards [Line Items]
Tax rate		$ 2
Tax rate	8.25%	8.25%
Tax rate		$ 2
Tax rate	16.50%	16.50%
CHINA
Operating Loss Carryforwards [Line Items]
Tax rate \| ¥	¥ 1
Tax rate \| ¥	¥ 3
Effective income tax rate	25.00%	25.00%
Effective income tax rate	20.00%	20.00%
Operating loss carryforwards			$ 350,000
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Corporate income tax rate	24.00%	24.00%

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 11 – COMMITMENTS AND CONTINGENCIES

Operating Rental Leases

ASB ASU 2016-02 “Leases (Topic 842)” – In February 2016, the FASB issued ASU 2016-02, which requires lessees to recognize almost all leases on their balance sheet as a right-of-use asset and a lease liability. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Classification will be based on criteria that are largely similar to those applied in current lease accounting, but without explicit bright lines. Lessor accounting is similar to the current model but has been updated to align with certain changes to the lessee model and the new revenue recognition standard. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. We have adopted the above ASU as of January 1, 2019. The right of use asset and lease liability have been recorded at the present value of the future minimum lease payments, utilizing a 5% average borrowing rate and the company is utilizing the transition relief and “running off” on current leases.

As of May 1, 2017, our corporate headquarters were located at 2990 Redhill Unit A, Costa Mesa, CA. On March 10, 2017, the Company signed a lease agreement for an 18,200-square foot CTU Industrial Building. Lease term is seven years and two months beginning July 1, 2017. This lease ended as of November 30, 2023. In October of 2018 we signed a sublease agreement with our facility in Italy with an indefinite term that may be terminated by either party with a 60-day notice for 1,000 Euro per month. Due to the short termination clause, we are treating this as a month-to-month lease. This lease ended as of December 31, 2023.

We have relocated our corporate to 1340 Reynolds Avenue Unit 120, Irvine, CA 92614. On December 1, 2023, the Company signed a lease agreement for a 3000-square foot of office space with Metro Creekside California, LLC. Lease term is thirty-eight months beginning December 1, 2023 and expiring on January 31, 2027. On October 16 of 2023, we signed a sublease agreement to relocate the HRS operations from Costa Mesa to Irvine, California for one year and 7 months commencing December 1, 2023 and ending June 30, 2025. We also signed a temporary storage lease and Due to the short termination clause, we are treating this as a month-to-month lease.

The components of lease costs, lease term and discount rate with respect of these two leases with an initial term of more than 12 months are as the following:

Balance sheet information related to the Company’s operating leases:

SCHEDULE OF OPERATING LEASE COST

	As of December 31, 2023
Right-of-used assets	$	245,974
Lease liabilities – current	$	117,606
Lease liabilities – non-current		128,480
Total lease liabilities	$	246,086

The weighted-average remaining lease term and the weighted-average discount rate of the above two leases are as follows:

	Year Ended December 31, 2023

Weighted average remaining lease term (years)		2.25
Weighted average discount rate		6.5	%

The following is a schedule, by year of lease payment for above two leases as of December 31, 2023:

SCHEDULE OF LEASE PAYMENT

For the 12 months ending	Lease Payment

2024		129,622
2025		90,243
2026		40,642
2027		3,511
Total undiscounted cash flows		264,017
Imputed Interest		(17,932	)
Present value of lease liabilities	$	246,086

Effective August 5, 2022, Shuya entered a 48-month lease for a natural gas recycle station from Leishen (the 41% shareholder of Shuya), including the operating rights and use rights of all the assets and equipment in the station. The annual rent is approximately $64,290, to be paid each year in advance, however, it has not been paid since the lease commenced. Effective August 5, 2022, Shuya entered another 48-month lease for leasing sewage treatment land from Leishen to operate the natural gas recycling station. The annual rent is approximately $17,137, to be paid each year in advance, which has not been fully paid since the lease commenced.

The components of lease costs, lease term and discount rate with respect of Leishen leases with an initial term of more than 12 months are as the following:

Balance sheet information related to the Company’s Leishen operating leases:

SCHEDULE OF OPERATING LEASE COST

	As of December 31, 2023
Right-of-used assets	$	207,995
Lease liabilities – current	$	229,201
Lease liabilities – non-current		81,506
Total lease liabilities	$	310,707

The weighted-average remaining lease term and the weighted-average discount rate of Leishen leases are as follows:

	Year Ended December 31
	2023			2022
Weighted average remaining lease term (years)		2.59			3.59
Weighted average discount rate		5	%		5	%

The following is a schedule, by year of lease payment for Shuya as of December 31, 2023.

For the 12 months ending	Lease Payment

2024		229,201
2025		41,338
2026		48,950
2027		-
Total undiscounted cash flows		319,489
Imputed Interest		(8,782	)
Present value of lease liabilities	$	310,707

Our lease expense (including both ASC 842 lease and short-term lease) for the years ended December 31, 2023 and 2022 was $401,293 and $349,610 respectively.

Severance Benefits

Mr. Mahdi will receive a severance benefit consisting of a single lump sum cash payment equal the salary that Mr. Mahdi would have been entitled to receive through the remainder or the Employment Period or One (1) year, whichever is greater.

SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	$ 1,509,025	$ 1,430,260
Accumulated Depreciation	(1,430,337)	(1,415,444)
Net Fixed Assets	$ 78,688	$ 14,816

NOTES PAYABLE (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

SCHEDULE OF CONVERTIBLE NOTES

Total due to Convertible Notes

SCHEDULE OF CONVERTIBLE NOTES

	December 31, 2023			December 31, 2022
Total convertible notes	$	1,697,757		$	3,156,528
Accrued Interest		308,216			262,331
Debt Discount		(71,017	)		(326,804	)
Total	$	1,934,956		$	3,092,055

DERIVATIVE LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

SCHEDULE OF FAIR VALUE OF DERIVATIVE LIABILITY

The remaining derivative liabilities were:

	December 31, 2023		December 31, 2022
Derivative Liabilities on Convertible Loans:
Outstanding Balance	$	-	$	588,178

SCHEDULE OF PROVISION OF INCOME TAX (Details) - USD ($)	12 Months Ended
SCHEDULE OF PROVISION OF INCOME TAX (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Current income tax expense	$ 22,173
Deferred income tax expense (benefit)
Total income tax expense	$ 22,173	$ 18,283

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

NON-CONTROLLING INTEREST (Details Narrative) ¥ in Millions	1 Months Ended		12 Months Ended
NON-CONTROLLING INTEREST (Details Narrative) ¥ in Millions	Jul. 31, 2022 USD ($)	Jul. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2023	Apr. 02, 2023	Aug. 31, 2022 USD ($)	Jun. 24, 2021
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Equity method investments						$ 0
Sichuan Hongzuo Shuya Energy Limited [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Percentage of equity ownership	20.00%	20.00%				49.00%
JHJ [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Proceeds from capital contribution			$ 550,000
Percentage of equity ownership						100.00%
Sichuan Shunengwei Energy Technology Limited [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Percentage of equity ownership						29.00%
JHJ and Other Three Shareholders [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Proceeds from capital contribution	$ 2,810,000	¥ 20
CETY Capital LLC [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Interest ownership percentage					49.00%		75.00%
Ashfield Renewables Ag Development LLC [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Interest ownership percentage					51.00%		25.00%
Vermont Renewable Gas LLC [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Interest ownership percentage							49.00%
Sichuan Shunengwei Energy Technology Limited [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Interest ownership percentage				41.00%
Shareholder [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Interest ownership percentage				10.00%

SCHEDULE OF LEASE PAYMENT (Details) - Metro Creekside California L L C [Member]	Dec. 31, 2023 USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
2024	$ 129,622
2025	90,243
2026	40,642
2027	3,511
Total undiscounted cash flows	264,017
Imputed Interest	(17,932)
Present value of lease liabilities	$ 246,086

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	12 Months Ended
PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 26,692	$ 30,076

SCHEDULE OF CONVERTIBLE NOTES (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Total convertible notes	$ 1,697,757	$ 3,156,528
Accrued Interest	308,216	262,331
Debt Discount	(71,017)	(326,804)
Total	$ 1,934,956	$ 3,092,055

SCHEDULE OF ACCOUNTS AND NOTES RECEIVABLE (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Accounts Receivable	$ 1,362,130	$ 1,388,567
Accounts Receivable - RP	491,774
Less reserve for uncollectable accounts	(95,000)	(95,000)
Total	$ 1,758,904	$ 1,293,567

INVENTORY (Tables)

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

SCHEDULE OF INVENTORIES

Inventories by major classification were comprised of the following at:

SCHEDULE OF INVENTORIES

	December 31, 2023			December 31, 2022
Inventory	$	1,909,238		$	1,389,394
Less reserve for obsolescence parts		(934,344	)		(897,808	)
Total	$	974,894		$	500,586

SCHEDULE OF FAIR VALUE OF ASSETS AND LIABILITIES ACQUIRED (Details) (Parenthetical)	Jan. 01, 2023
Accounting Policies [Abstract]
Net assets percentage	100.00%

SCHEDULE OF FAIR VALUE OF DERIVATIVE LIABILITY (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Outstanding Balance		$ 588,178

PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

Property and equipment were comprised of the following at:

SCHEDULE OF PROPERTY AND EQUIPMENT

	December 31, 2023			December 31, 2022
Property and Equipment	$	1,509,025		$	1,430,260
Accumulated Depreciation		(1,430,337	)		(1,415,444	)
Net Fixed Assets	$	78,688		$	14,816

Our Depreciation Expense for the years ended December 31, 2023 and 2022 was $26,692 and $30,076 respectively.

Our Property Plant and Equipment is pledged to Nations Interbanc, our line of credit.

NON-CONTROLLING INTEREST

12 Months Ended

Dec. 31, 2023

Noncontrolling Interest [Abstract]

NON-CONTROLLING INTEREST

NOTE 15 – NON-CONTROLLING INTEREST

On June 24, 2021 the Company formed CETY Capital LLC a wholly owned subsidiary of CETY. In addition the company established CETY Renewables Ashfield LLC (“CRA”) a wholly owned subsidiary of Ashfield Renewables Ag Development LLC(“ARA”) with our partner, Ashfield AG (“AG”). The purpose of the joint venture was the development of a pyrolysis plant established to convert woody feedstock into electricity and BioChar by using high temperature ablative fast pyrolysis reactor for which Clean Energy Technology, Inc. holds the license for. The CRA was located in Ashfield, Massachusetts. Based upon the terms of the members’ agreement, the CETY Capital LLC owned 75% interest and AG owns a 25% interest in Ashfield Renewables Ag Development LLC. The agreement with CETY Renewables Ashfield has been terminated and CETY Renewable Ashfield was dissolved.

The consolidated financial statements have deconsolidated the CRA business unit. The Liabilities of CRA has been transferred to Vermont Renewable Gas LLC (“VRG”), a newly formed entity. CETY retains 49% equity in VRG.

On April 2, 2023 the Company formed CETY Capital LLC a wholly owned subsidiary of CETY. In addition, the company established Vermont Renewable Gas LLC (“VRG”) with our partner, Synergy Bioproducts Corporation (“SBC”) The purpose of the joint venture is the development of a pyrolysis plant established to convert wood feedstock into electricity and BioChar by using high temperature ablative fast pyrolysis reactor for which Clean Energy Technology, Inc. holds the license for. The VRG is in Lyndon, Vermont. Based upon the terms of the members’ agreement, CETY Capital LLC owns a 49% interest and SBC owns a 51% interest in Vermont Renewable Gas LLC.

The Company analyzed the transaction under ASC 810 Consolidation, to determine if the joint venture classifies as a Variable Interest Entity (“VIE”). The Company analyzed the transaction under ASC 810 Consolidation, to determine if the joint venture classifies as a Variable Interest Entity (“VIE”). The Joint Venture qualifies as a VIE based on the fact the JV does not have sufficient equity to operate without financial support from both parties. According to ASC 810-25-38, a reporting entity shall consolidate a VIE when that reporting entity has a variable interest (or combination of variable interests) that provides the reporting entity with a controlling financial interest on the basis of the provisions in paragraphs 810-10-25-38A through 25-38J. The reporting entity that consolidates a VIE is called the primary beneficiary of that VIE. According to the JV operating agreement, the ownership interests are 49/51 and the agreement provides for a Management Committee of 3 members. Two of the three members are from Synergy Bioproducts Corporation, and one is from CETY. Both parties do not have substantial capital at risk and CETY does not have voting interest. However, SBC has controlling interest and more board votes therefore SBC is the beneficiary of the VIE and as a result we record it as an equity investment. Accordingly, the Company has elected to account for the joint venture as an equity method investment in accordance with ASC 323 Investments – Equity Method and Joint Ventures. This decision is a result of the company’s evaluation of its involvement with potential variable interest entities and their respective risk and reward scenarios, which collectively affirm that the conditions necessitating the application of the variable interest model are not present.

In July 2022 JHJ and other three shareholders agreed to form and make total capital contribution of RMB 20 million ($2.81 million) with latest contribution due date in February 2066 into Sichuan Hongzuo Shuya Energy Limited (“Shuya”), JHJ owns 20% of Shuya. In August 2022 JHJ purchased 100% ownership of Sichuan Shunengwei Energy Technology Limited (“SSET”) for $0, who owns 29% of Shuya; Shunengwei is a holding company and did not have any operations nor made any capital contribution into Shuya as of the ownership purchase date by JHJ; right after the ownership purchase of SSET, JHJ ultimately owns 49% of Shuya. As a result of Consistent Action Agreement entered on December 31, 2022 the Company re-analyzed and determined that Shuya is the variable interest entity (“VIE”) of JHJ, and the Company consolidates Shuya into its consolidated financial statements effective on January 1, 2023. The non-controlling interest of Shuya represents the 41% equity ownership that is owned by Leishen, and 10% equity ownership owned by another shareholder.

CONVERTIBLE NOTE RECEIVABLE

12 Months Ended

Dec. 31, 2023

Convertible Note Receivable

CONVERTIBLE NOTE RECEIVABLE

NOTE 7 – CONVERTIBLE NOTE RECEIVABLE

Effective January 10, 2022, JHJ (“note holder”) entered a convertible note agreement with Chengdu Rongjun Enterprise Consulting Co., Ltd (“Rongjun” or “the borrower”) with maturity on January 10, 2025. Under this convertible note, JHJ lent RMB 5,000,000 ($0.78 million) to Rongjun with annual interest rate of 12%, calculated from the Issuance Date until all outstanding interest and principal is paid in full. The Borrower may pre-pay principal or interest on this Note at any time prior to the maturity date, without penalty. JHJ has the right to convert this note directly or indirectly into shares or equity interest of Heze Hongyuan Natural Gas Co., Ltd (“Heze”) equal to 15% of Heze’s outstanding Equity Interest. Rongjun owns 90% of Heze. During the year end December 31, 2023, JHJ recorded $58,273 interest income accrued from 2022 from this note, the accrual of interest income ceased in October 2022.

DERIVATIVE LIABILITIES (Details Narrative)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability		$ 588,178
Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	91.5
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	4.5
Measurement Input, Exercise Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative liability, measurement input	1.00

CAPITAL STOCK TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

SCHEDULE OF WARRANT ACTIVITY

	Warrants - Common Share Equivalents		Weighted Average Exercise price		Weighted Average Contractual life		Aggregate Intrinsic Value
Outstanding December 31, 2022		325,243	$	1.60		3.99		-
Expired		-		-		-		-
Additions		425,438		1.60		4.17		-
Additions		26,701		5.00		3.90		-
Exercised		707,280		1.60
Outstanding December 31, 2023		70,102		2.90		3.71		-

ACCOUNTS AND NOTES RECEIVABLE

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

ACCOUNTS AND NOTES RECEIVABLE

NOTE 3 – ACCOUNTS AND NOTES RECEIVABLE

	December 31, 2023			December 31, 2022
Accounts Receivable	$	1,362,130		$	1,388,567
Accounts Receivable - RP		491,774			-
Less reserve for uncollectable accounts		(95,000	)		(95,000	)
Total	$	1,758,904		$	1,293,567

Our Accounts Receivable is pledged to Nations Interbanc, our line of credit.

SCHEDULE OF LEASE RECEIVABLE ASSET

	December 31, 2023			December 31, 2022
Long-term receivables	$	1,149,854		$	1,000,000
Less reserve for uncollectable accounts		(247,500	)		(247,500	)
Net Long-term receivables		902,354			752,500

The Company is currently modifying the assets subject to lease to meet the provisions of the agreement, and as of December 31, 2023 any collection on the lease payments was not yet considered probable, resulting in no derecognition of the underlying asset and no net lease investments recognized on the sales-type lease pursuant to ASC 842-30-25-3.

On a contract by contract basis or in response to certain situations or installation difficulties, the Company may elect to allow non-interest bearing repayments in excess of 1 year.

Our long - term financing Receivable are pledged to Nations Interbanc, our line of credit.

INCOME TAX (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

SCHEDULE OF PROVISION OF INCOME TAX

The provision for income tax consisted of the following:

SCHEDULE OF PROVISION OF INCOME TAX

	For the year ended December 31,2023
Current income tax expense	$	22,173
Deferred income tax expense (benefit)		-
Total income tax expense	$	22,173

SCHEDULE OF RECONCILIATION OF STATUTORY TAX RATE

The following table reconciles the statutory tax rate to the Company’s effective tax rate:

	For the year ended December 31,2023
Federal statutory tax expense (benefit)		(21	)%
State statutory		(6.8	)%
Tax rate difference		0.1	%
Permanent difference		0.2	%
Change in valuation allowance		(28.0	)%
Effective tax rate		0.4	%

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

The components of deferred tax assets (liabilities) are as follows:

	As of December 31, 2023
Deferred tax:
Allowance for doubtful accounts	$	5,686
Net operating loss (“NOL”) carrying forwards		7,021,555
Operating lease liabilities, net of right of use assets		2,479
Advertising expense
Total deferred tax assets, net		7,029,720
Less: valuation allowance		(7,029,720	)
Total deferred tax assets, net		—

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) $ / shares in Units, ¥ in Thousands			1 Months Ended		12 Months Ended
	Sep. 21, 2022 shares	Feb. 13, 2018 USD ($) $ / shares shares	Jul. 31, 2022 USD ($)	Jul. 31, 2022 CNY (¥)	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2022 CNY (¥) shares	Aug. 31, 2022 USD ($)
Product Information [Line Items]
Cash FDIC insured amount					$ 250,000
Reserve for potentially un-collectable accounts receivable					95,000	$ 95,000
Reserve for potentially un-collectable long-term financing receivables					247,500	247,500
Obsolete inventory reserve					934,344	897,808
Impairment of long-lived assets					$ 0	0
Final payment percentage					10.00%
Deferred revenue					$ 33,000	33,000
Customer deposits					210,310	80,475
Equity method investments								$ 0
Net loss					$ (5,659,723)	$ 147,395
Weighted average number of common shares outstanding \| shares					39,152,455
Weighted average common shares and equivalents \| shares					38,447,916	27,681,722	27,681,722
Weighted average number of diluted shares outstanding \| shares					38,227,965
Research and development expense					$ 0	$ 0
Employee benefits and share based compensation					$ 0	0
Income tax examination description					On December 22, 2018 H.R. 1, originally known as the Tax Cuts and Jobs Act, (the “Tax Act”) was enacted. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowers the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. The Company will compute its income tax expense for the year ended December 31, 2022 using a Federal Tax Rate of 21% and an estimated state of California rate of 9%.
Net operating loss carry-forward					$ 15,737,415
Valuation Allowance					$ 4,727,224
Federal corporate income tax rate					21.00%
Proceeds from issuance of common stock					$ 3,094,555	$ 1,493,945
Common stock, shares par value \| $ / shares					$ 0.001	$ 0.001
Deferred stock issuance costs					$ 11,000
MGW Investment I Limited [Member]
Product Information [Line Items]
Shares issued in debt conversion \| shares	12,907,534
MGW Investment I Limited [Member] \| Stock Purchase Agreement [Member]
Product Information [Line Items]
Proceeds from issuance of common stock		$ 907,388
Number of restricted shares issuance \| shares		7,561,567
Common stock, shares par value \| $ / shares		$ 0.001
Corporation and Confections Ventures Limited [Member] \| Convertible Note Purchase Agreement [Member]
Product Information [Line Items]
Debt principal amount		$ 939,500
Debt interest rate		10.00%
Debt conversion price per share \| $ / shares		$ 0.12
Debt maturity date		Dec. 31, 2018
Domestic Tax Authority [Member]
Product Information [Line Items]
Federal corporate income tax rate					30.00%
Common Stock [Member]
Product Information [Line Items]
Shares issued in debt conversion \| shares					277,604
Warrant [Member]
Product Information [Line Items]
Warrants issued in debt conversion \| shares					70,102
Preferred shares \| shares					1,857,590
Sichuan Hongzuo Shuya Energy Limited [Member]
Product Information [Line Items]
Percentage of equity ownership			20.00%	20.00%				49.00%
Allocation of investment						$ 567,123
Sichuan Hongzuo Shuya Energy Limited [Member] \| JHJ [Member]
Product Information [Line Items]
Proceeds from capital contribution \| ¥							¥ 3,910
Percentage of equity ownership			20.00%	20.00%				49.00%
Sichuan Hongzuo Shuya Energy Limited [Member] \| Sichuan Shunengwei Energy Technology Limited [Member]
Product Information [Line Items]
Percentage of equity ownership								29.00%
Sichuan Shunengwei Energy Technology Limited [Member]
Product Information [Line Items]
Percentage of equity ownership								29.00%
Sichuan Shunengwei Energy Technology Limited [Member] \| JHJ [Member]
Product Information [Line Items]
Percentage of equity ownership								100.00%
Equity method investments								$ 0
JHJ [Member]
Product Information [Line Items]
Proceeds from capital contribution						550,000
Percentage of equity ownership								100.00%
Net loss						10,750
Allocation of investment						$ 5,000
JHJ and Other Three Shareholders [Member]
Product Information [Line Items]
Proceeds from capital contribution			$ 2,810,000	¥ 20,000
Measurement Input, Price Volatility [Member]
Product Information [Line Items]
Derivative liability measurement input					91.5
Measurement Input, Risk Free Interest Rate [Member]
Product Information [Line Items]
Derivative liability measurement input					4.5
Minimum [Member] \| Measurement Input, Price Volatility [Member]
Product Information [Line Items]
Derivative liability measurement input					0.56
Minimum [Member] \| Measurement Input, Risk Free Interest Rate [Member]
Product Information [Line Items]
Derivative liability measurement input					0.0015
Furniture and Fixtures [Member] \| Minimum [Member]
Product Information [Line Items]
Useful live					3 years
Furniture and Fixtures [Member] \| Maximum [Member]
Product Information [Line Items]
Useful live					5 years
Equipment [Member] \| Minimum [Member]
Product Information [Line Items]
Useful live					5 years
Equipment [Member] \| Maximum [Member]
Product Information [Line Items]
Useful live					10 years
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Seven Customers [Member]
Product Information [Line Items]
Accounts receivable, rate					98.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Four Customers [Member]
Product Information [Line Items]
Accounts receivable, rate					98.00%