UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

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

 

For the quarterly period ended September 30, 2024

 

 

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

 

For the transition period from __________ to __________

 

Commission File Number 000-54808

 

NU-MED PLUS, INC.

(Exact name of registrant as specified in its charter)

 

Utah 45-3672530

(State or other jurisdiction of

incorporation or organization)

 (IRS Employer Identification No.)

 

640 Belle Terre Rd. 2 E, Port Jefferson, NY 11777
(Address of principal executive offices) (Zip Code)

 

(631) 403-4337

(Registrant’s telephone number, including area code)

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
None    

 

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

Yes [X] No [ ]

 

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

 

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

 

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

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [ ] No [X]

 

Indicate by check mark whether the registrant has submitted electronically on its corporate Web site, if any, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter)

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during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes [X] No [ ]

 

Applicable Only to Issuers Involved in Bankruptcy Proceedings During the Preceding Five Years:

 

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

 

Not applicable.

 

Applicable Only to Corporate Issuers:

 

Class Outstanding as of November 14, 2024

 

Indicate the number of shares outstanding of each of the issuer’s classes of common equity, as of November 14, 2024.

 

83,548,469 shares of $0.001 par value common stock on November 14, 2024

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TABLE OF CONTENTS

 

PART I FINANCIAL INFORMATION 2
     
ITEM 1 FINANCIAL STATEMENTS 3
ITEM 2 MANAGEMENT’S DISCUSSION AND ANAYLSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 12
ITEM 3 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 17
ITEM 4 CONTROLS AND PROCEDURES 17

 

PART II OTHER INFORMATION 17
     
ITEM 1 LEGAL PROCEEDINGS 17
ITEM 1A RISK FACTORS 17
ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 17
ITEM 3 DEFAULTS UPON SENIOR SECURITIES 18
ITEM 4 MINE SAFETY DISCLOSURE 18
ITEM 5 OTHER INFORMATION 18
ITEM 6 EXHIBITS 18
     
SIGNATURES 19

 

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Part I - FINANCIAL INFORMATION

 

Item 1. Financial Statements

 

NU-MED PLUS, INC.

FINANCIAL STATEMENTS

(UNAUDITED)

September 30, 2024

 

The financial statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. However, in the opinion of management, all adjustments (which include only normal recurring accruals) necessary to present fairly the financial position and results of operations for the periods presented have been made. These financial statements should be read in conjunction with the Form 10-K for the period ended December 31, 2023, accompanying notes, and with the historical financial information of the Company. The results of operations for the three and nine months ended September 30, 2024 are not necessarily indicative of the results to be expected for the year ending December 31, 2024.

 

 

4 

 

Nu-Med Plus, Inc.

Financial Statements

(Unaudited)

 

Table of Contents

 

 

 

    Page No.
     
Condensed Balance Sheets at September 30, 2024 (unaudited) and December 31, 2023   4
     

Condensed Statements of Operations for the three and nine months ended September 30,

2024 and 2023 (unaudited)

  

 

5

     

Condensed Statements of Stockholders’ Deficit for the three and nine months ended

September 30, 2024 and 2023 (unaudited)

  

 

6

     

Condensed Statements of Cash Flows for the nine months ended September 30, 2024

and 2023 (unaudited)

  

 

7

     
Notes to the Condensed Financial Statements (unaudited)   8
     

 

 

5 

 

NU-MED PLUS, INC.

Condensed Balance Sheets

 

        September 30, December 31,
       

2024

(unaudited)

2023

 

ASSETS        
Current assets      
  Cash    $             4,041  $            6,806
  Prepaid expenses   2,800 6,650
    Total current assets   6,841 13,456
Long-term assets      
  Property and equipment, net   - -
    Total assets    $         6,841  $          13,456
           
LIABILITIES AND STOCKHOLDERS' DEFICIT      
Current liabilities      
  Accounts payable   $           19,850 $           8,089
  Accounts payable – related party   74,479 46,118
  Note payable   100,000 100,000
  Accrued expenses   17,053 6,000
    Total current liabilities   211,382 160,207
Long-term liabilities   - -
        Total liabilities   211,382 160,207
Commitments and contingencies   - -
Stockholders' deficit      
  Preferred stock; $0.001 par value; 10,000,000 authorized; no shares issued and outstanding   - -
  Common stock; $0.001 par value; 90,000,000 authorized; 83,548,469 and 83,548,469 shares issued and outstanding, as of September 30, 2024 and December 31, 2023, respectively.           83,549         83,549
  Additional paid-in capital   9,594,687 9,594,687
  Accumulated deficit   (9,882,777) (9,824,987)
    Total stockholders' deficit   (204,541) (146,751)
    Total liabilities and stockholders' deficit    $          6,841  $         13,456

 

 

 

 

 

 

 

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

6 

 

NU-MED PLUS, INC.

Condensed Statements of Operations

For the Three and Nine Months Ended September 30, 2024 and 2023

(Unaudited)

 

 

   

Three months ended

September 30, 2024

  

Three months ended

September 30, 2023

  

Nine months ended

September 30, 2024

  

Nine months ended

September 30, 2023

Revenue   $ -   $ -   $ -   $ -
                         
Operating expenses                        

General and administrative

expense

     9,467     8,846     28,287     21,835
Rent expense     -     3,300     300     9,900

Professional and consulting

fees

     7,950     3,000     25,450     33,455
Total operating expenses     17,417     15,146     54,037     65,190
                         
Operating Loss     (17,417)     (15,146)     (54,037)     (65,190)
                         
Other income (expense)                        
Interest expense     (1,260)     (1,260)     (3,753)     (3,740)
Total other income (expense)     (1,260)     (1,260)     (3,753)     (3,740)
                         
Net loss before income tax     (18,677)     (16,406)     (57,790)     (68,930)
                         
Income tax expense     -     -     -     -
                         
Net loss   $ (18,677)   $ (16,406)   $ (57,790)   $ (68,930)
                         
                         
Basic and diluted loss per share   $ (0.00)   $ (0.00)   $ (0.00)   $ (0.00)
                         
Weighted average common shares outstanding - basic and diluted     81,348,469     81,348,469     81,348,469     81,348,469

 

 

 

 

 

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

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NU-MED PLUS, INC.

Condensed Statements of Stockholders’ Deficit

For the Three and Nine Months Ended September 30, 2024 and 2023

(Unaudited)

 

  Preferred Stock Common Stock Additional Paid-In Accumulated  
  Shares   Amount   Shares Amount Capital deficit Total
Balance, January 1, 2024 - $          - 83,548,469 $  83,549 $ 9,594,687 $   (9,824,987) $   (146,751)
               
Net loss for the three months ended March 31, 2024 - - - - - (21,826) (21,826)
               
Balance, March 31, 2024 - - 83,548,469 $  83,549 $ 9,594,687 $  (9,846,813) $  (168,577)
               
Net loss for the three months ended June 30, 2024 - - - - - (17,287) (17,287)
               
Balance, June 30, 2024 - - 83,548,469 $  83,549 $ 9,594,687 $  (9,864,100) $  (185,864)
               
Net loss for the three months ended September 30, 2024 - - - - - (18,677) (18,677)
               
Balance, September 30, 2024 - $          - 83,548,469 $83,549 $9,594,687  $(9,882,777) $ (204,541)

 

  Preferred Stock Common Stock Additional Paid-In Accumulated  
  Shares   Amount   Shares Amount Capital deficit Total
Balance, January 1, 2023 - $          - 81,348,469 $  81,349 $ 9,555,087 $   (9,699,461) $   (63,025)
               
Net loss for the three months ended March 31, 2023 - - - - - (28,204) (28,204)
               
Balance, March 31, 2023 - - 81,348,469 $  81,349 $ 9,555,087 $  (9,727,665) $  (91,229)
               
Net loss for the three months ended June 30, 2023 - - - - - (24,320) (24,320)
               
Balance, June 30, 2023 - - 81,348,469 $ 81,349 $ 9,555,087 $ (9,751,985) $ (115,549)
               
Net loss for the three months ended September 30, 2023 - - - - - (16,406) (16,406)
               
Balance, September 30, 2023 - $          - 81,348,469 $81,349 $9,555,087     $(9,768,391) $ (131,955)
       

 

 

 

 

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

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Nu-Med Plus, Inc.

Condensed Statements of Cash Flows

(Unaudited)

     

Nine months ended

September 30,

2024

 

 

Nine months ended

September 30,

2023

Cash flows from operating activities:    
  Net loss $(57,790) $ (68,930)
 

Adjustment to reconcile net income (loss) to net cash used in

operating activities:

    
    Changes in operating assets and liabilities:    
         Prepaid expenses 3,850 3,690
         Accounts payable 11,761 (607)
         Accounts payable-related party 28,361 -
         Accrued expense 11,053 3,740
    Net cash used in operating activities (2,765) (62,107)
Cash flows from investing activities:    
    Net cash provided by investing activities - -
Cash flows from financing activities    
    Net cash provided by financing activities - -
    Net change in cash (2,765) (62,107)
Cash at beginning of period 6,806 73,195
Cash at end of period $      4,041 $    11,088
Supplemental schedule of cash flow information    
  Cash paid for interest $                - $              -
  Cash paid for income tax $                - $              -

 

 

 

 

 

 

 

 

 

 

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

 

 

 

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Nu-Med Plus, Inc.

Notes to the Condensed Financial Statements

September 30, 2024

Unaudited

 

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

a. Basis of Presentation

 

The accompanying unaudited condensed financial statements include the accounts of Nu-Med Plus, Inc. (the “Company”). These financial statements are condensed and, therefore, do not include all disclosures normally required by accounting principles generally accepted in the United States of America. Therefore, these statements should be read in conjunction with the most recent annual financial statements of Nu-Med Plus, Inc. for the year ended December 31, 2023 included in the Company’s Form 10-K filed with the Securities and Exchange Commission on March 26, 2024. In particular, the Company’s significant accounting principles were presented as Note 1 to the Financial Statements in that report. In the opinion of management, all adjustments necessary for a fair presentation have been included in the accompanying condensed financial statements and consist of only normal recurring adjustments. The results of operations presented in the accompanying condensed financial statements are not necessarily indicative of the results that may be expected for the full year ending December 31, 2024.

 

On April 25, 2024, Nu-Med Plus, Inc. (the “Company”) entered into a Share Exchange Agreement (the “Share Exchange Agreement”) for the merger of YourSpace America, Inc. (“YSA”) into the Company (the “Transaction”). The Company and YSA may be referred to herein each as a “Party” and, collectively, as the “Parties.” On August 12, 2024, the Share Exchange Agreement was amended to provide that the closing would take place upon the completion of the audit of the YSA financial statements for the year ended December 31, 2023.

 

Additionally, the Board of Directors of the Company appointed Mr. Colvin as the Company’s President, Chief Executive Officer, and Director, at which time William Hayde was appointed Executive Chairman of the Board. Keith Merrell will continue to serve as the Company’s Chief Financial Officer and Director, and Jeffrey Robins will continue to serve as Director.

 

On October 28, 2024 the Company received notice from YSA that they were terminating the Share Exchange Agreement. Accompanying their notice was a letter of resignation from Mr. Colvin, resigning his position as President, Chief Executive Officer, and Director effective immediately. The Board of Directors of the Company accepted the resignation and appointed Mr. Hayde to the office of President and Chief Executive Officer. The Company filed a Form 8-K disclosing the termination of the Share Exchange Agreement and the change in executive officers on October 30, 2024.

 

b. Revenue Recognition

 

The Financial Accounting Standards Board (“FASB”) issued new guidance for the recognizing and reporting of revenue in contracts with customers. The effective date for implementation for public companies was January 1, 2018.

 

The new guidance established a five-step analysis to be followed when determining the recognition of revenue.

 

1.Identify the contract with a customer.
2.Identify the performance obligations in the contract.
3.Determine the transaction price.
4.Allocate the transaction price to the performance obligations in the contract.
5.Recognize revenue when, or as, the reporting organization satisfied a performance obligation.

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While the Company is an early-stage company with no revenue, at the time we begin to generate revenue the Company will recognize such revenue in conformity with the guidelines set forth by ASC 606.

 

c. Estimates

 

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

 

d. Cash and Cash Equivalents

 

The Company considers all deposit accounts and investment accounts with an original maturity of 90 days or less to be cash equivalents.  The cash balance we currently have on deposit is within the limits for which the FDIC insures.

 

e. Property and Equipment

 

Property and equipment is stated at cost.  Expenditure for minor repairs, maintenance, and replacement parts which do not increase the useful lives of the assets are charged to expense as incurred. Expenditures, exceeding $500, for new assets or that increase the useful life of existing assets are capitalized.  Depreciation is computed using the straight-line method.  The lives over which the property and equipment are depreciated are five to seven years.

 

f. Fair Value Measurements

 

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

 

Level 1 - Quoted market prices in active markets for identical assets or liabilities;

 

Level 2 - Inputs other than level one inputs that are either directly or indirectly observable; and

 

Level 3 - Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use.

 

All cash, accounts payable and accrued liabilities are carried at cost, which approximates fair value due to the short-term nature of these financial instruments.  Additionally, we measure certain financial instruments at fair value on a recurring basis.

 

g. Earnings per Share

 

The computation of earnings per share of common stock is based on the weighted average number of shares outstanding during the period of the financial statement. The company included -0- and -0- shares subscribed but unissued in its calculation of basic and diluted earnings per share for the nine months ended September 30, 2024 and 2023, respectively.

 

Diluted earnings per share is computed using the weighted average number of common shares plus dilutive common

11 

 

share equivalents outstanding during the period. As of September 30, 2024 and 2023 there were -0- and -0-, respectively, potential dilutive shares that needed to be considered as common share equivalents. As of September 30, 2024 and 2023 there were no dilutive shares and the basic and diluted calculation is the same. Had there been dilutive shares they would have been excluded from the calculation for diluted earnings per share as there was a net loss and their inclusion in the calculation would be anti-dilutive.

 

h. Concentrations and Credit Risk - The Company has relied on a small group of investors to fund its operations. If this group becomes unable or unwilling to provide additional funding, the Company may be unable to remain in business or to execute on its business plan.

 

i. Income Taxes

 

Deferred taxes are provided on an asset and liability approach whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis.  Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.  Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

 

j. Stock-based Compensation

 

The Company, in accordance with ASC 718, Compensation – Stock Compensation, records all share-based payments to employees at the grant-date fair value of the equity instruments issued. In accordance with ASC 718-10-30-9, Measurement Objective – Fair Value at Grant Date, the Company uses the closing price of the stock, as quoted by NASDAQ, on the date of the grant. The Company believes this pricing method provides the best estimate of fair the fair value of the consideration given. Compensation cost is recognized over the requisite service period.

 

k. Recent Accounting Pronouncements

 

The Company has reviewed all recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operation, financial position and cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its current or future earnings or operations.

 

NOTE 2 - GOING CONCERN

 

The Company acknowledges that the funds on hand as of September 30, 2024, will not be sufficient to enable it to execute its business plan and funding through the sale of equity capital and short term related party and other shareholder loans in order to meet the planned expenditures for development, operations, and administrative cost over the next 12 months will be required. Planned expenditures are approximately $1,200,000 for the next twelve months. The Company is currently funded through November 30, 2024. If plans to obtain further financing prove to be insufficient to fund operations, continued viability could be at risk. These factors raise substantial doubt about the Company's ability to continue as a going concern.

 

NOTE 3 – PROPERTY AND EQUIPMENT

 

Property and equipment and related accumulated depreciation consisted of the following at September 30, 2024, and December 31, 2023:

 

 

12 

 

 

  September 30, 2024   December 31, 2023  
         
Computer and office equipment $                   83,893   $                      90,368  
Accumulated depreciation (83,893)   (90,368)  
Total Property and Equipment

 

$                                  -

  

 

$                                    -

  

 

Depreciation expense for the nine months ended September 30, 2024 and 2023 was $-0- and $-0-, respectively.

 

NOTE 4 - PREFERRED STOCK

 

On October 19, 2011, the Company filed Articles of Incorporation with the State of Utah so as to authorize 10,000,000 shares of preferred stock having a par value of $0.001 per share. No preferred shares are issued or outstanding at September 30, 2024

 

NOTE 5 - COMMON STOCK

 

There are 90,000,000 shares of common stock with a par value of $0.001 authorized. At September 30, 2024 and December 31, 2023, there were 83,548,469 and 83,548,469 shares of common stock issued and outstanding, respectively.

 

NOTE 6 - COMMITMENTS AND CONTINGENCIES

 

Lease Obligations

 

The Company is currently utilizing office space provided by its officers, for which no charge is being made. The Company rents space for its laboratory on a month-to-month basis at $100 per month

 

NOTE 7 – EMPLOYMENT AGREEMENTS

 

Mr. Hayde and Mr. Merrell have received employment agreements. The agreements provide for no compensation until such time as a major funding event has been finalized, at which time the rate of compensation will be established by the Board of Directors. Mr. Hayde and Mr. Merrell were being provided $500 per month as reimbursement of office expenses in 2023, but no such arrangement is in place for 2024.

 

NOTE 8 - SUBSEQUENT EVENTS

 

YourSpace America notified the Company on October 28, 2024 that they were terminating the Share Exchange Agreement. The Company accordingly filed a Form 8-K on October 30, 2024 disclosing the termination of that agreement and the change in executive officers resulting from that termination. (See Note 1 )

 

The Company has evaluated all other subsequent events pursuant to ASC Topic 855 and has determined that there are no events that require disclosure as of the date of issuance.

 

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

 

Special Note Regarding Forward-Looking Statements

 

Certain statements in this Report constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, among others, uncertainties relating to general economic and business conditions; industry trends; changes in demand for our products and services; uncertainties relating to customer plans and commitments and the timing of orders received from customers; announcements or changes in our pricing policies or that of our competitors; unanticipated delays in the development, market acceptance or installation of our products and services; changes in government regulations; availability of management and other key personnel; availability, terms and deployment of capital; relationships with third-party equipment suppliers; and worldwide political stability and economic growth. The words “believe,” “expect,” “anticipate,” “intend” and “plan” and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.

 

Critical Accounting Policies and Estimates

 

The preparation of financial statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the Financial Statements and accompanying notes.  Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from these estimates under different assumptions or conditions. 

 

The Company’s accounting policies are more fully described in Note 2 of the audited financial statements in our recently filed Form 10-K. As discussed in Note 2, the preparation of financial statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions about the future events that affect the amounts reported in the financial statements and the accompanying notes. Management bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual differences could differ from these estimates under different assumptions or conditions. The Company believes that the following addresses the Company’s most critical accounting policies.

 

We recognize revenue in accordance with ASC 606, which establishes a five-step analysis to be followed when determining the recognition of revenue. While the Company is an early-stage company with no revenue, at the time we begin to generate revenue the Company will recognize such revenue in conformity with the guidelines set forth by ASC 606.

 

Our policy for our allowance for doubtful accounts will be maintained to provide for losses arising from customers’ inability to make required payments. If there is deterioration of our customers’ credit worthiness and/or there is an increase in the length of time that the receivables are past due greater than the historical assumptions used, additional allowances may be required.

 

We account for income taxes in accordance with the Tax Cuts and Jobs Act and SAB 118.

 

BUSINESS OVERVIEW

 

NU-MED PLUS, INC., a Utah corporation (“NU-MED” or the “Company”) was incorporated in October 2011 in the state of Utah to develop, manufacture and market new technologies utilizing nitric oxide in the medical device

14 

 

field, primarily through the creation of a nitric oxide generating compound formulation and delivery systems. To date we have developed a hospital nitric oxide delivery system, a clinical nitric oxide delivery system, a mobile rechargeable device to deliver nitric oxide gas, and a nitric oxide system that can be used for research applications. NU-MED is headquartered in Salt Lake City, Utah.

 

On May 15, 2023, Nu-Med Plus, Inc. entered into a non-binding letter of intent with YourSpace America, Inc. (“YSA”), a Delaware corporation, for the merger of YSA into Nu-Med, subject to due diligence. Pursuant to the LOI, the Parties will enter into an agreement and plan of merger which will be mutually negotiated and drafted by the Parties. The Company (as the surviving entity) will assume all liabilities of YSA (as the merging entity) including any liabilities arising from, or in connection with, any contracts assigned by YSA to the Company as part of the Transaction.

 

On April 25, 2024, Nu-Med Plus, Inc. (the “Company”) entered into a Share Exchange Agreement (the “Share Exchange Agreement”) for the merger of YourSpace America, Inc. (“YSA”) into the Company (the “Transaction”). The Company and YSA may be referred to herein each as a “Party” and, collectively, as the “Parties.” While the terms have been set, the agreed-upon transaction will not be closed until the completion of the YSA audit for the year ended December 31, 2023. On August 12, 2024, the Shae Exchange Agreement was amended to provide that the closing would take place upon the completion of the audit of the YSA financial statements for the year ended December 31, 2023.

 

On October 28, 2024 the Company received notice from YSA that they were terminating the Share Exchange Agreement. Accompanying their notice was a letter of resignation from Mr. Colvin, resigning his position as President, Chief Executive Officer, and Director effective immediately. The Board of Directors of the Company accepted the resignation and appointed Mr. Hayde to the office of President and Chief Executive Officer. The Company filed a Form 8-K disclosing the termination of the Share Exchange Agreement and the change in executive officers on October 30, 2024.

 

Business

 

The mission of NU-MED is to design, develop, and market technologies in the medical device field. Our technologies will focus on market niches in high growth trend areas. We hope each developed technology will fill a current need in medical procedures by improving upon an existing technology or device, or by designing a device to serve a need that is clearly defined and acknowledged by medical professionals.

 

NU-MED is a medical device company principally engaged in the design, innovation, development, enhancement and commercialization of beginning, early, and selective later-stage quality medical devices. The mission of NU-MED is to design, develop, and market technologies utilizing nitric oxide in the medical device field. Our technologies focus on market niches in high growth trend areas. Our products are developed to target a current need in medical procedures by improving upon an existing technology or device or by designing a device to serve a currently unfilled need that is clearly defined and acknowledged by medical professionals. Our focus has been on the creation of a nitric oxide generating formulation, a hospital bedside nitric oxide delivery system, a clinical unit for use in medical clinics and rehabilitation centers and a mobile device to deliver nitric oxide gas to offer new and innovative solutions to hospitals, health systems and the medical community throughout the world.

 

Development of our products has been suspended until such time as a capital infusion is received which will enable the funding of further development. The following is a description of the medical application for the products that have been under development and the status of each of those products:

 

Nitric oxide is an extremely important bio-mediator in the human body that is produced from the amino acid l-arginine. Nitric oxide has anti-inflammatory properties, antibacterial, antiviral and antifungal properties which make it useful in certain medical treatments. At the present time inhaled nitric oxide (INO) is used as a selective

15 

 

vasodilator in infants. The only FDA approved use of nitric oxide at this time is for the treatment of Hypoxia in premature infants and newborn babies. Management is not aware of any other potential uses of nitric oxide that have been cleared by the FDA, but this may change as new submittals are made. The heavy cost of delivering nitric oxide to patients has created limitations in its use. Discoveries that have been made since the first FDA approved use of nitric 0oxide in 1999 have led to a number of new potential uses, which still need FDA approval, in a wide variety of diseases and health complications, including COPD, flu viruses, bacterial infections, tuberculosis, non-healing wounds, head injuries and much more. NU-MED hopes to take advantage of the expanding medical uses of nitric oxide by developing a new method to generate nitric oxide that reduces the delivery costs and can be used in a variety of medical and research settings. Given NU-MED’s size, we do not anticipate being involved in any clinical studies on new uses of nitric oxide and will rely on other parties to continue to advance the uses of nitric oxide.

 

NU-MED PLUS has focused on the development of five distinct products for the delivery of nitric oxide. NU-MED products have not been fully developed; therefore we have not made any submission for FDA approval under any medical use.

 

1.Nitric oxide proprietary formulation. Generates nitric oxide gas on demand, eliminating the need for

Com0pressed gas cylinders.

 

2. A hospital delivery device with controls and safety monitors built in that delivers inhaled nitric oxide to a patient at therapeutic levels. This delivery system is intended for hospitals specifically intensive care units. The goal is to have a system that delivers a metered therapeutic dose (up to 40 ppm) of nitric oxide via a ventilator. The core technology allows dilution of nitric oxide to therapeutic levels to be accomplished without the use of injectors or valves. Safeguards such as concentration monitoring, flow and gas purity would be standard.

 

3. A clinical delivery unit that is designed for treatment in an office or physician’s clinic. A unit powered by a wall outlet, administration of the nitric oxide would be via cannula or non-rebreather face mask

 

4. A compact, mobile/portable rechargeable device to deliver inhaled nitric oxide gas. The portable system necessitates a design which can be deployed where a reliable source of power is not available or is difficult to access. The key feature is a rechargeable battery pack that powers the unit for the full duration of a therapeutic session. It can be recharged using existing electrical sources, a solar array or other alternative energy source. The unit is designed as a low power but fully functional nitric oxide delivery system for inhalation therapy, that can be used as a transport device during the movement of a patient or as a delivery device in those remote areas of the world that do not currently have electrical power readily available.

 

5. A disposable unit that will deliver a therapeutic dose of nitric oxide to a patient and will then be placed into a container to be incinerated. This unit would be used for the treatment of patients in a pandemic, where a large number of patients must be treated and there is insufficient capacity to sterilize the unit after use by each patient. The dispensing devices would be isolated and destroyed after use to ensure that another patient is not exposed to the bacteria or virus carried by the patient originally treated.

 

6. A unit that is one of the world’s first nitric oxide dilution systems designed for research. A patent pending technology utilizes pure 100% nitric oxide from a pressurized tank source and dilutes it with air or other non-reactive diluent gas to provide a 1 to 500 ppm source of high purity nitric oxide for investigational applications.

 

The principal gas we aim to generate through each of our systems described above is medical grade nitric oxide, along with other various combinations of beneficial medical gases. Non-medical grade nitric oxide gas is produced and sold commercially by major gas companies as a specialty gas mixture and calibration gas.  Nitrogen dioxide is present in all nitric oxide gas currently produced.  Its presence limits the size of the dose of nitric oxide gas that can be administered for prospective uses in both humans and animals.

 

16 

 

A longer-term goal is to further develop our proprietary compound formulation option that will be utilized to produce medical grade nitric oxide for use in all delivery units. Management believes that with the further refinement of our formulation, we can make and filter medical grade nitric oxide gas with minimal amounts of nitrogen dioxide, and that this process can produce medical grade nitric oxide gas in ample quantities for any current or prospective use and hopefully at a price less than that of all currently available technologies.  For a number of years the only approved and available medical grade nitric oxide delivery device was a product named Inomax. Since this is a single source market there is no price competition and price is set at a "market can bear" level. We believe, given this structure, there is ample room for a competitive response from NU-MED using on site generated nitric oxide at a lower cost to penetrate the market. The cost of materials and labor for the NU-MED product is anticipated to be low, while still providing attractive margins. Our product must have a known shelf life and be available in various configurations to yield known concentrations and volumes of gas.  Packaging is a critical developmental process that we will address after completion of our formulation.

 

We approximate that the sale of our research unit for non-clinical laboratory work could take place earlier than FDA approval. Management anticipates that selling our units earlier into the market as laboratory equipment or to international groups will pave the way for sales of our medical delivery devices, but any financial contributions from intellectual property licenses and sales and other non-medical sales will not be adequate to fund the substantial costs of the FDA approval process for human medical uses.  Even with sales to laboratories or other uses, we will require additional funding, which we currently do not have in place and have no assurance that we will be able to obtain, or to obtain at acceptable rates.  

 

All human medical uses of nitric oxide gas require FDA approval prior to initiating sales in the United States and the approval of similar international agencies in their respective countries.  Approval can be a long and expensive process, with no assurance that any such approval can or will be obtained. Our products from the compound formulation for nitric oxide to our delivery machines will have to be approved by the FDA prior to any sales for human use. Although the FDA can approve “uses” for nitric oxide and such uses can be expanded, our products, both the formulations and equipment, would also have to be approved to be used in association with the treatment using nitric oxide. Accordingly, although the use of nitric oxide for the treatment of hypoxia in newborns is approved by the FDA, we still would need to have our dispensing unit and compound approved by the FDA for such treatment. In order for our dispensing unit to be used we would not have to prove the efficacy of the treatment but only that our product and compounds are “substantially equivalent” to those already approved by the FDA. Even this level of approval requires time, carries substantial costs, and creates additional uncertainty as to our ability to bring a product to the marketplace. We currently do not have the funds to seek such an approval. We are currently wor0king to secure funding that will enable us to submit the hospital unit for FDA approval.

 

LIQUIDITY AND CAPITAL RESOURCES

 

At September 30, 2024, we had assets of $6,841 with current assets of $6,841 and liabilities of $211,382. Our current assets consisted primarily of $4,041 in cash and prepaid expenses in the amount of $2,800. Our working capital deficiency at September 30, 2024 was $204,541. We currently have no revenue and have had to rely on loans from shareholders or sale of our stock to cover expenses. Without additional capital, we will not be able to stay in business and move our business plan forward. We anticipate, based on our preliminary budgets, that we will need $300,000 in additional financing for the next twelve months to cover our corporate overhead and need an additional $900,000 to cover ongoing product development. Since we will not have a commercial product in the next twelve months, we will have to continue to rely on outside funding to support our operations and product development and testing efforts. Given the financial state of NU-MED, we will not be able to seek traditional bank financing and have to rely on private stock sales as well as potential loans from investors and shareholders. We cannot estimate the full costs to bring our proposed product to market or the timing of such commercialization. Given the nature of our product being in the medical field, testing is very expensive and we would need more capital prior to the completion of the testing phase. Any refinement or modification of the product after the prototype is

17 

 

developed would also require additional capital. At this time, we will have to continue to rely on outside capital and a budget that may require adjustment as we move further in the product development phase.

 

RESULTS OF OPERATIONS

 

Three Month Periods Ended September 30, 2024 and 2023

 

For the three months ended September 30, 2024 and 2023, we had no revenues and operating expenses of $17,417 and $15,146, respectively. The increase in operating expenses results primarily from increases in professional fees of $4,950 and filing fees of $2,188, offset by a decrease in investor relations fees of $3,298 and rent expense of $3,300. For the three-month period ended September 30, 2024 we recognized interest expense of $1,260. We had a net loss of $18,677 in 2024, compared to a net loss of $16,406 in 2023. We do not anticipate any revenue for the foreseeable future as our products are still in the development stage.

 

Nine Month Periods Ended September 30, 2024 and 2023

 

For the nine months ended September 30, 2024 and 2023, we had no revenues and operating expenses of $54,037 and $65,190, respectively. The decrease in operating expenses results primarily from a decrease in legal fees of $4,200 and rent expense of $9,600. For the nine-month period ended September 30, 2024 we recognized interest expense of $3,753. We had a net loss of $57,790 in 2024, compared to a net loss of $68,930 in 2023. We do not anticipate any revenue for the foreseeable future as our products are still in the development stage

 

Off-Balance Sheet Arrangements.

 

The Company does not have any off-balance sheet arrangements and it is not anticipated that the Company will enter into any off-balance sheet arrangements.

 

Forward-looking Statements

Our Company and our representatives may from time to time make written or oral statements that are “forward-looking,” including statements contained in this Quarterly Report and other filings with the Securities and Exchange Commission and in reports to our Company’s stockholders. Management believes that all statements that express expectations and projections with respect to future matters, as well as from developments beyond our Company’s control including changes in global economic conditions are forward-looking statements within the meaning of the Act. These statements are made on the basis of management’s views and assumptions, as of the time the statements are made, regarding future events and business performance. There can be no assurance, however, that management’s expectations will necessarily come to pass. Factors that may affect forward-looking statements include a wide range of factors that could materially affect future developments and performance, including the following:

 

Changes in Company-wide strategies, which may result in changes in the types or mix of businesses in which our Company is involved or chooses to invest; changes in U.S., global or regional economic conditions, changes in U.S. and global financial and equity markets, including significant interest rate fluctuations, which may impede our Company’s access to, or increase the cost of, external financing for our operations and investments; increased competitive pressures, both domestically and internationally, legal and regulatory developments, such as regulatory actions affecting environmental activities, the imposition by foreign countries of trade restrictions and changes in international tax laws or currency controls; adverse weather conditions or natural disasters, such as hurricanes and earthquakes, labor disputes, which may lead to increased costs or disruption of operations.

 

This list of factors that may affect future performance and the accuracy of forward-looking statements is illustrative, but by no means exhaustive. Accordingly, all forward-looking statements should be evaluated with the understanding of their inherent uncertainty.

18 

 

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

 

Not applicable.

 

Item 4. Controls and Procedures.

 

Evaluation of Disclosure Controls and Procedures

 

Our management, including our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15c or 15d-15e) under the Exchange Act as of the end of the period covered by this report. Our management does not expect that our disclosure controls and procedures will prevent all error and all fraud. In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.

 

Based on that evaluation, as of September 30, 2024, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective to provide reasonable assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

 

Changes in internal control over financial reporting

 

There have been no changes in internal control over financial reporting that occurred during the last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the internal control over financial reporting.

 

PART II - OTHER INFORMATION

 

ITEM 1. Legal Proceedings

 

None.

 

ITEM 1A. Risk Factors

 

Not applicable

 

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

Recent Sales of Unregistered Securities

 

None.

 

Other Securities Transactions

 

None.

 

Use of Proceeds of Registered Securities

 

None.

19 

 

 

Purchases of Equity Securities by Us and Affiliated Purchasers

 

During the nine months ended September 30, 2024, we have not purchased any equity securities nor have any officers or directors of the Company.

 

ITEM 3. Defaults Upon Senior Securities.

 

Not applicable.

 

ITEM 4. Mine Safety Disclosure

 

Not applicable.

 

ITEM 5. Other Information.

 

None.

 

ITEM 6. Exhibits

 

a) Index of Exhibits:

 

Exhibit Table # Title of Document Location

 

31.1 Rule 13a-14(a)/15d-14a(a) Certification – CEO This filing

 

31.2 Rule 13a-14(a)/15d-14a(a) Certification – CFO This filing

 

32 Section 1350 Certification – CEO & CFO This filing

 

101.INS XBRL Instance**

 

101.XSD  XBRL Schema**

 

101.CAL XBRL Calculation**

 

101.DEF        XBRL Definition**

 

101.LAB        XBRL Label**

 

101.PRE        XBRL Presentation**

 

 

20 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

NU-MED PLUS, INC.,

(Registrant)

 

 

November 14, 2024                                                                     By: /s/ William Hayde

William Hayde, CEO/Principal Executive Officer

 

November 14, 2024                                                                     By: /s/Keith L. Merrell

Keith L. Merrell, CFO/Principal Accounting Officer

 

21 

 

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Exhibit 31.1

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, William Hayde, certify that:

 

1. I have reviewed this Quarterly Report on Form 10-Q of Nu-Med Plus, Inc.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

 

4. The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

 

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

c)Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

d)Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

 

5. The Registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions);

 

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

 

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

 

Dated: 11/14/2024                                           Signature:/s/William Hayde

William Hayde

Chief Executive Officer and Director

 

Exhibit 31.2

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Keith L. Merrell certify that:

 

1. I have reviewed this Quarterly Report on Form 10-Q of Nu-Med Plus, Inc.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;

 

4. The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

 

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

c)Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

d)Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

 

5. The Registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions);

 

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

 

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

 

Dated: 11/14/2024                                           Signature:/s/Keith L Merrell

Keith L. Merrell

Principal Financial Officer and CFO

 

 

Exhibit 32

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

 

In connection with the Quarterly Report of Nu-Med Plus, Inc. (the “Company”) on Form 10-Q for the period ending September 30, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), We, William Hayde, our Chief Executive Officer and Director and Keith L. Merrell, our Chief/Principal Financial Officer, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

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

 

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

 

Dated: 11/14/2024                                           /s/William Hayde

William Hayde

Chief Executive Officer and Director

 

 

Dated: 11/14/2024                                           /s/Keith L. Merrell

Keith L. Merrell

Principal Financial Officer and CFO

 

 

 

 

 

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Sep. 30, 2024
Nov. 14, 2024
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Entity Information [Line Items]    
Entity Registrant Name NU-MED PLUS, INC.  
Entity Central Index Key 0001543637  
Entity File Number 000-54808  
Entity Tax Identification Number 45-3672530  
Entity Incorporation, State or Country Code UT  
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Entity Address, Postal Zip Code 11777  
Entity Phone Fax Numbers [Line Items]    
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Local Phone Number 403-4337  
Entity Listings [Line Items]    
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Sep. 30, 2024
Dec. 31, 2023
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Preferred stock; $0.001 par value; 10,000,000 authorized; no shares issued and outstanding
Common stock; $0.001 par value; 90,000,000 authorized; 83,548,469 and 83,548,469 shares issued and outstanding, as of September 30, 2024 and December 31, 2023, respectively. 83,549 83,549
Additional paid-in capital 9,594,687 9,594,687
Accumulated deficit (9,882,777) (9,824,987)
Total stockholders' deficit (204,541) (146,751)
Total liabilities and stockholders' deficit 6,841 13,456
Related Party    
Current liabilities    
Accounts payable – related party $ 74,479 $ 46,118
v3.24.3
Condensed Balance Sheets (Parentheticals) - $ / shares
Sep. 30, 2024
Dec. 31, 2023
Statement of Financial Position [Abstract]    
Preferred stock, par value (in Dollars per share) $ 0.001 $ 0.001
Preferred stock, shares authorized 10,000,000 10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par or stated value per share (in Dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized 90,000,000 90,000,000
Common stock, shares issued 83,548,469 83,548,469
Common stock, shares outstanding 83,548,469 83,548,469
v3.24.3
Condensed Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenue
Operating expenses        
General and administrative expense 9,467 8,846 28,287 21,835
Rent expense 3,300 300 9,900
Professional and consulting fees 7,950 3,000 25,450 33,455
Total operating expenses 17,417 15,146 54,037 65,190
Operating Loss (17,417) (15,146) (54,037) (65,190)
Other income (expense)        
Interest expense (1,260) (1,260) (3,753) (3,740)
Total other income (expense) (1,260) (1,260) (3,753) (3,740)
Net loss before income tax (18,677) (16,406) (57,790) (68,930)
Income tax expense
Net loss $ (18,677) $ (16,406) $ (57,790) $ (68,930)
Basic loss per share (in Dollars per share) $ 0 $ 0 $ 0 $ 0
Diluted loss per share (in Dollars per share) $ 0 $ 0 $ 0 $ 0
Weighted average common shares outstanding - basic (in Shares) 81,348,469 81,348,469 81,348,469 81,348,469
Weighted average common shares outstanding - diluted (in Shares) 81,348,469 81,348,469 81,348,469 81,348,469
v3.24.3
Statements of Stockholders' Deficit Equity (Unaudited) - USD ($)
Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated deficit
Total
Balance at Dec. 31, 2022 $ 81,349 $ 9,555,087 $ (9,699,461) $ (63,025)
Balance (in Shares) at Dec. 31, 2022 81,348,469      
Net loss (28,204) (28,204)
Balance at Mar. 31, 2023 $ 81,349 9,555,087 (9,727,665) (91,229)
Balance (in Shares) at Mar. 31, 2023 81,348,469      
Balance at Dec. 31, 2022 $ 81,349 9,555,087 (9,699,461) (63,025)
Balance (in Shares) at Dec. 31, 2022 81,348,469      
Net loss         (68,930)
Balance at Sep. 30, 2023 $ 81,349 9,555,087 (9,768,391) (131,955)
Balance (in Shares) at Sep. 30, 2023 81,348,469      
Balance at Mar. 31, 2023 $ 81,349 9,555,087 (9,727,665) (91,229)
Balance (in Shares) at Mar. 31, 2023 81,348,469      
Net loss (24,320) (24,320)
Balance at Jun. 30, 2023 $ 81,349 9,555,087 (9,751,985) (115,549)
Balance (in Shares) at Jun. 30, 2023 81,348,469      
Net loss (16,406) (16,406)
Balance at Sep. 30, 2023 $ 81,349 9,555,087 (9,768,391) (131,955)
Balance (in Shares) at Sep. 30, 2023 81,348,469      
Balance at Dec. 31, 2023 $ 83,549 9,594,687 (9,824,987) (146,751)
Balance (in Shares) at Dec. 31, 2023 83,548,469      
Net loss (21,826) (21,826)
Balance at Mar. 31, 2024 $ 83,549 9,594,687 (9,846,813) (168,577)
Balance (in Shares) at Mar. 31, 2024 83,548,469      
Balance at Dec. 31, 2023 $ 83,549 9,594,687 (9,824,987) (146,751)
Balance (in Shares) at Dec. 31, 2023 83,548,469      
Net loss         (57,790)
Balance at Sep. 30, 2024 $ 83,549 9,594,687 (9,882,777) (204,541)
Balance (in Shares) at Sep. 30, 2024 83,548,469      
Balance at Mar. 31, 2024 $ 83,549 9,594,687 (9,846,813) (168,577)
Balance (in Shares) at Mar. 31, 2024 83,548,469      
Net loss (17,287) (17,287)
Balance at Jun. 30, 2024 $ 83,549 9,594,687 (9,864,100) (185,864)
Balance (in Shares) at Jun. 30, 2024 83,548,469      
Net loss (18,677) (18,677)
Balance at Sep. 30, 2024 $ 83,549 $ 9,594,687 $ (9,882,777) $ (204,541)
Balance (in Shares) at Sep. 30, 2024 83,548,469      
v3.24.3
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (57,790) $ (68,930)
Changes in operating assets and liabilities:    
Prepaid expenses 3,850 3,690
Accounts payable 11,761 (607)
Accounts payable-related party 28,361
Accrued expense 11,053 3,740
Net cash used in operating activities (2,765) (62,107)
Cash flows from investing activities:    
Net cash provided by investing activities
Cash flows from financing activities    
Net cash provided by financing activities
Net change in cash (2,765) (62,107)
Cash at beginning of period 6,806 73,195
Cash at end of period 4,041 11,088
Supplemental schedule of cash flow information    
Cash paid for interest
Cash paid for income tax
v3.24.3
Summary of Significant Accounting Policies
 9 Months Ended
Sep. 30, 2024
Summary of Significant Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

a. Basis of Presentation

 

The accompanying unaudited condensed financial statements include the accounts of Nu-Med Plus, Inc. (the “Company”). These financial statements are condensed and, therefore, do not include all disclosures normally required by accounting principles generally accepted in the United States of America. Therefore, these statements should be read in conjunction with the most recent annual financial statements of Nu-Med Plus, Inc. for the year ended December 31, 2023 included in the Company’s Form 10-K filed with the Securities and Exchange Commission on March 26, 2024. In particular, the Company’s significant accounting principles were presented as Note 1 to the Financial Statements in that report. In the opinion of management, all adjustments necessary for a fair presentation have been included in the accompanying condensed financial statements and consist of only normal recurring adjustments. The results of operations presented in the accompanying condensed financial statements are not necessarily indicative of the results that may be expected for the full year ending December 31, 2024.

 

On April 25, 2024, Nu-Med Plus, Inc. (the “Company”) entered into a Share Exchange Agreement (the “Share Exchange Agreement”) for the merger of YourSpace America, Inc. (“YSA”) into the Company (the “Transaction”). The Company and YSA may be referred to herein each as a “Party” and, collectively, as the “Parties.” On August 12, 2024, the Share Exchange Agreement was amended to provide that the closing would take place upon the completion of the audit of the YSA financial statements for the year ended December 31, 2023.

 

Additionally, the Board of Directors of the Company appointed Mr. Colvin as the Company’s President, Chief Executive Officer, and Director, at which time William Hayde was appointed Executive Chairman of the Board. Keith Merrell will continue to serve as the Company’s Chief Financial Officer and Director, and Jeffrey Robins will continue to serve as Director.

 

On October 28, 2024 the Company received notice from YSA that they were terminating the Share Exchange Agreement. Accompanying their notice was a letter of resignation from Mr. Colvin, resigning his position as President, Chief Executive Officer, and Director effective immediately. The Board of Directors of the Company accepted the resignation and appointed Mr. Hayde to the office of President and Chief Executive Officer. The Company filed a Form 8-K disclosing the termination of the Share Exchange Agreement and the change in executive officers on October 30, 2024.

 

b. Revenue Recognition

 

The Financial Accounting Standards Board (“FASB”) issued new guidance for the recognizing and reporting of revenue in contracts with customers. The effective date for implementation for public companies was January 1, 2018.

 

The new guidance established a five-step analysis to be followed when determining the recognition of revenue.

 

1.Identify the contract with a customer.
2.Identify the performance obligations in the contract.
3.Determine the transaction price.
4.Allocate the transaction price to the performance obligations in the contract.
5.Recognize revenue when, or as, the reporting organization satisfied a performance obligation.

While the Company is an early-stage company with no revenue, at the time we begin to generate revenue the Company will recognize such revenue in conformity with the guidelines set forth by ASC 606.

 

c. Estimates

 

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

 

d. Cash and Cash Equivalents

 

The Company considers all deposit accounts and investment accounts with an original maturity of 90 days or less to be cash equivalents.  The cash balance we currently have on deposit is within the limits for which the FDIC insures.

 

e. Property and Equipment

 

Property and equipment is stated at cost.  Expenditure for minor repairs, maintenance, and replacement parts which do not increase the useful lives of the assets are charged to expense as incurred. Expenditures, exceeding $500, for new assets or that increase the useful life of existing assets are capitalized.  Depreciation is computed using the straight-line method.  The lives over which the property and equipment are depreciated are five to seven years.

 

f. Fair Value Measurements

 

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

 

Level 1 - Quoted market prices in active markets for identical assets or liabilities;

 

Level 2 - Inputs other than level one inputs that are either directly or indirectly observable; and

 

Level 3 - Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use.

 

All cash, accounts payable and accrued liabilities are carried at cost, which approximates fair value due to the short-term nature of these financial instruments.  Additionally, we measure certain financial instruments at fair value on a recurring basis.

 

g. Earnings per Share

 

The computation of earnings per share of common stock is based on the weighted average number of shares outstanding during the period of the financial statement. The company included -0- and -0- shares subscribed but unissued in its calculation of basic and diluted earnings per share for the nine months ended September 30, 2024 and 2023, respectively.

 

Diluted earnings per share is computed using the weighted average number of common shares plus dilutive common

share equivalents outstanding during the period. As of September 30, 2024 and 2023 there were -0- and -0-, respectively, potential dilutive shares that needed to be considered as common share equivalents. As of September 30, 2024 and 2023 there were no dilutive shares and the basic and diluted calculation is the same. Had there been dilutive shares they would have been excluded from the calculation for diluted earnings per share as there was a net loss and their inclusion in the calculation would be anti-dilutive.

 

h. Concentrations and Credit Risk - The Company has relied on a small group of investors to fund its operations. If this group becomes unable or unwilling to provide additional funding, the Company may be unable to remain in business or to execute on its business plan.

 

i. Income Taxes

 

Deferred taxes are provided on an asset and liability approach whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis.  Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.  Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

 

j. Stock-based Compensation

 

The Company, in accordance with ASC 718, Compensation – Stock Compensation, records all share-based payments to employees at the grant-date fair value of the equity instruments issued. In accordance with ASC 718-10-30-9, Measurement Objective – Fair Value at Grant Date, the Company uses the closing price of the stock, as quoted by NASDAQ, on the date of the grant. The Company believes this pricing method provides the best estimate of fair the fair value of the consideration given. Compensation cost is recognized over the requisite service period.

 

k. Recent Accounting Pronouncements

 

The Company has reviewed all recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operation, financial position and cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its current or future earnings or operations.
v3.24.3
Going Concern
 9 Months Ended
Sep. 30, 2024
Going Concern [Abstract]  
GOING CONCERN

NOTE 2 - GOING CONCERN

 

The Company acknowledges that the funds on hand as of September 30, 2024, will not be sufficient to enable it to execute its business plan and funding through the sale of equity capital and short term related party and other shareholder loans in order to meet the planned expenditures for development, operations, and administrative cost over the next 12 months will be required. Planned expenditures are approximately $1,200,000 for the next twelve months. The Company is currently funded through November 30, 2024. If plans to obtain further financing prove to be insufficient to fund operations, continued viability could be at risk. These factors raise substantial doubt about the Company's ability to continue as a going concern.
v3.24.3
Property and Equipment
 9 Months Ended
Sep. 30, 2024
Property and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 3 – PROPERTY AND EQUIPMENT

 

Property and equipment and related accumulated depreciation consisted of the following at September 30, 2024, and December 31, 2023:

 

  September 30, 2024   December 31, 2023  
         
Computer and office equipment $                   83,893   $                      90,368  
Accumulated depreciation (83,893)   (90,368)  
Total Property and Equipment

 

$                                  -

  

 

$                                    -

  

 

Depreciation expense for the nine months ended September 30, 2024 and 2023 was $-0- and $-0-, respectively.
v3.24.3
Preferred Stock
 9 Months Ended
Sep. 30, 2024
Preferred Stock [Abstract]  
PREFERRED STOCK

NOTE 4 - PREFERRED STOCK

 

On October 19, 2011, the Company filed Articles of Incorporation with the State of Utah so as to authorize 10,000,000 shares of preferred stock having a par value of $0.001 per share. No preferred shares are issued or outstanding at September 30, 2024
v3.24.3
Common Stock
 9 Months Ended
Sep. 30, 2024
Common Stock [Abstract]  
COMMON STOCK

NOTE 5 - COMMON STOCK

 

There are 90,000,000 shares of common stock with a par value of $0.001 authorized. At September 30, 2024 and December 31, 2023, there were 83,548,469 and 83,548,469 shares of common stock issued and outstanding, respectively.
v3.24.3
Commitments and Contingencies
 9 Months Ended
Sep. 30, 2024
Commitments and Contingencies [Abstract]  
COMMITMENTS AND CONTINGENCIES

NOTE 6 - COMMITMENTS AND CONTINGENCIES

 

Lease Obligations

 

The Company is currently utilizing office space provided by its officers, for which no charge is being made. The Company rents space for its laboratory on a month-to-month basis at $100 per month
v3.24.3
Employment Agreements
 9 Months Ended
Sep. 30, 2024
Employment Agreements [Abstract]  
EMPLOYMENT AGREEMENTS

NOTE 7 – EMPLOYMENT AGREEMENTS

 

Mr. Hayde and Mr. Merrell have received employment agreements. The agreements provide for no compensation until such time as a major funding event has been finalized, at which time the rate of compensation will be established by the Board of Directors. Mr. Hayde and Mr. Merrell were being provided $500 per month as reimbursement of office expenses in 2023, but no such arrangement is in place for 2024.
v3.24.3
Subsequent Events
 9 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 8 - SUBSEQUENT EVENTS

 

YourSpace America notified the Company on October 28, 2024 that they were terminating the Share Exchange Agreement. The Company accordingly filed a Form 8-K on October 30, 2024 disclosing the termination of that agreement and the change in executive officers resulting from that termination. (See Note 1 )

 

The Company has evaluated all other subsequent events pursuant to ASC Topic 855 and has determined that there are no events that require disclosure as of the date of issuance.
v3.24.3
Pay vs Performance Disclosure - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Pay vs Performance Disclosure                
Net Income (Loss) $ (18,677) $ (17,287) $ (21,826) $ (16,406) $ (24,320) $ (28,204) $ (57,790) $ (68,930)
v3.24.3
Insider Trading Arrangements
 3 Months Ended
Sep. 30, 2024
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.24.3
Accounting Policies, by Policy (Policies)
 9 Months Ended
Sep. 30, 2024
Summary of Significant Accounting Policies [Abstract]  
Basis of Presentation

a. Basis of Presentation

The accompanying unaudited condensed financial statements include the accounts of Nu-Med Plus, Inc. (the “Company”). These financial statements are condensed and, therefore, do not include all disclosures normally required by accounting principles generally accepted in the United States of America. Therefore, these statements should be read in conjunction with the most recent annual financial statements of Nu-Med Plus, Inc. for the year ended December 31, 2023 included in the Company’s Form 10-K filed with the Securities and Exchange Commission on March 26, 2024. In particular, the Company’s significant accounting principles were presented as Note 1 to the Financial Statements in that report. In the opinion of management, all adjustments necessary for a fair presentation have been included in the accompanying condensed financial statements and consist of only normal recurring adjustments. The results of operations presented in the accompanying condensed financial statements are not necessarily indicative of the results that may be expected for the full year ending December 31, 2024.

On April 25, 2024, Nu-Med Plus, Inc. (the “Company”) entered into a Share Exchange Agreement (the “Share Exchange Agreement”) for the merger of YourSpace America, Inc. (“YSA”) into the Company (the “Transaction”). The Company and YSA may be referred to herein each as a “Party” and, collectively, as the “Parties.” On August 12, 2024, the Share Exchange Agreement was amended to provide that the closing would take place upon the completion of the audit of the YSA financial statements for the year ended December 31, 2023.

Additionally, the Board of Directors of the Company appointed Mr. Colvin as the Company’s President, Chief Executive Officer, and Director, at which time William Hayde was appointed Executive Chairman of the Board. Keith Merrell will continue to serve as the Company’s Chief Financial Officer and Director, and Jeffrey Robins will continue to serve as Director.

On October 28, 2024 the Company received notice from YSA that they were terminating the Share Exchange Agreement. Accompanying their notice was a letter of resignation from Mr. Colvin, resigning his position as President, Chief Executive Officer, and Director effective immediately. The Board of Directors of the Company accepted the resignation and appointed Mr. Hayde to the office of President and Chief Executive Officer. The Company filed a Form 8-K disclosing the termination of the Share Exchange Agreement and the change in executive officers on October 30, 2024.
Revenue Recognition

b. Revenue Recognition

The Financial Accounting Standards Board (“FASB”) issued new guidance for the recognizing and reporting of revenue in contracts with customers. The effective date for implementation for public companies was January 1, 2018.

The new guidance established a five-step analysis to be followed when determining the recognition of revenue.

1.Identify the contract with a customer.
2.Identify the performance obligations in the contract.
3.Determine the transaction price.
4.Allocate the transaction price to the performance obligations in the contract.
5.Recognize revenue when, or as, the reporting organization satisfied a performance obligation.

While the Company is an early-stage company with no revenue, at the time we begin to generate revenue the Company will recognize such revenue in conformity with the guidelines set forth by ASC 606.
Estimates

c. Estimates

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

d. Cash and Cash Equivalents

The Company considers all deposit accounts and investment accounts with an original maturity of 90 days or less to be cash equivalents.  The cash balance we currently have on deposit is within the limits for which the FDIC insures.
Property and Equipment

e. Property and Equipment

Property and equipment is stated at cost.  Expenditure for minor repairs, maintenance, and replacement parts which do not increase the useful lives of the assets are charged to expense as incurred. Expenditures, exceeding $500, for new assets or that increase the useful life of existing assets are capitalized.  Depreciation is computed using the straight-line method.  The lives over which the property and equipment are depreciated are five to seven years.
Fair Value Measurements

f. Fair Value Measurements

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

Level 1 - Quoted market prices in active markets for identical assets or liabilities;

Level 2 - Inputs other than level one inputs that are either directly or indirectly observable; and

Level 3 - Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use.

All cash, accounts payable and accrued liabilities are carried at cost, which approximates fair value due to the short-term nature of these financial instruments.  Additionally, we measure certain financial instruments at fair value on a recurring basis.
Earnings per Share

g. Earnings per Share

The computation of earnings per share of common stock is based on the weighted average number of shares outstanding during the period of the financial statement. The company included -0- and -0- shares subscribed but unissued in its calculation of basic and diluted earnings per share for the nine months ended September 30, 2024 and 2023, respectively.

Diluted earnings per share is computed using the weighted average number of common shares plus dilutive common

share equivalents outstanding during the period. As of September 30, 2024 and 2023 there were -0- and -0-, respectively, potential dilutive shares that needed to be considered as common share equivalents. As of September 30, 2024 and 2023 there were no dilutive shares and the basic and diluted calculation is the same. Had there been dilutive shares they would have been excluded from the calculation for diluted earnings per share as there was a net loss and their inclusion in the calculation would be anti-dilutive.
Concentrations and Credit Risk

h. Concentrations and Credit Risk - The Company has relied on a small group of investors to fund its operations. If this group becomes unable or unwilling to provide additional funding, the Company may be unable to remain in business or to execute on its business plan.
Income Taxes

i. Income Taxes

Deferred taxes are provided on an asset and liability approach whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis.  Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.  Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
Stock-based Compensation

j. Stock-based Compensation

The Company, in accordance with ASC 718, Compensation – Stock Compensation, records all share-based payments to employees at the grant-date fair value of the equity instruments issued. In accordance with ASC 718-10-30-9, Measurement Objective – Fair Value at Grant Date, the Company uses the closing price of the stock, as quoted by NASDAQ, on the date of the grant. The Company believes this pricing method provides the best estimate of fair the fair value of the consideration given. Compensation cost is recognized over the requisite service period.
Recent Accounting Pronouncements

k. Recent Accounting Pronouncements

The Company has reviewed all recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operation, financial position and cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its current or future earnings or operations.
v3.24.3
Property and Equipment (Tables)
 9 Months Ended
Sep. 30, 2024
Property and Equipment [Abstract]  
Schedule of Property and Equipment Property and equipment and related accumulated depreciation consisted of the following at September 30, 2024, and December 31, 2023:
  September 30, 2024   December 31, 2023  
         
Computer and office equipment $                   83,893   $                      90,368  
Accumulated depreciation (83,893)   (90,368)  
Total Property and Equipment

 

$                                  -

  

 

$                                    -

  
v3.24.3
Summary of Significant Accounting Policies (Details) - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Summary of Significant Accounting Policies [Abstract]    
Exceeding expenditure (in Dollars) $ 500  
Potential dilutive shares 0 0
v3.24.3
Going Concern (Details)
 9 Months Ended
Sep. 30, 2024
USD ($)
Going Concern [Abstract]  
Planned expenditures $ 1,200,000
v3.24.3
Property and Equipment (Details) - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Property and Equipment [Abstract]    
Depreciation expense
v3.24.3
Property and Equipment (Details) - Schedule of Property and Equipment - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Schedule of Property And Equipment [Abstract]    
Computer and office equipment $ 83,893 $ 90,368
Accumulated depreciation (83,893) (90,368)
Total Property and Equipment
v3.24.3
Preferred Stock (Details) - $ / shares
Sep. 30, 2024
Dec. 31, 2023
Oct. 19, 2011
Preferred Stock [Line Items]      
Preferred stock, share authorized 10,000,000 10,000,000  
Preferred stock, par value (in Dollars per share) $ 0.001 $ 0.001  
Preferred stock, share issued  
Preferred stock, share outstanding  
Utah [Member]      
Preferred Stock [Line Items]      
Preferred stock, share authorized     10,000,000
Preferred stock, par value (in Dollars per share)     $ 0.001
v3.24.3
Common Stock (Details) - $ / shares
Sep. 30, 2024
Dec. 31, 2023
Common Stock [Abstract]    
Common stock authorized 90,000,000 90,000,000
Common stock par value (in Dollars per share) $ 0.001 $ 0.001
Common stock issued 83,548,469 83,548,469
Common stock outstanding 83,548,469 83,548,469
v3.24.3
Commitments and Contingencies (Details)
 9 Months Ended
Sep. 30, 2024
USD ($)
Commitments and Contingencies [Abstract]  
Monthly rent $ 100
v3.24.3
Employment Agreements (Details) - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Mr Hayde and Mr Merrell [Member]    
Employment Agreements (Details) [Line Items]    
Reimbursement of office expenses $ 0 $ 500
Nu Med Plus (QB) (USOTC:NUMD)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Nu Med Plus (QB) Charts.
Nu Med Plus (QB) (USOTC:NUMD)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Nu Med Plus (QB) Charts.