0001684688
2021-04-23
0001684688
2019-12-31
0001684688
2020-12-31
0001684688
2018-12-31
0001684688
2020-01-01
2020-12-31
0001684688
2019-01-01
2019-12-31
0001684688
2018-01-01
2018-12-31
0001684688
JUPGF:BrazilMineralsMember
2020-12-31
0001684688
JUPGF:ComputersAndOfficeEquipmentMember
2020-12-31
0001684688
us-gaap:MachineryAndEquipmentMember
2020-12-31
0001684688
us-gaap:VehiclesMember
2020-12-31
0001684688
JUPGF:ComputersAndOfficeEquipmentMember
2019-12-31
0001684688
us-gaap:MachineryAndEquipmentMember
2019-12-31
0001684688
us-gaap:VehiclesMember
2019-12-31
0001684688
us-gaap:CommonStockMember
2018-12-31
0001684688
us-gaap:CommonStockMember
2019-12-31
0001684688
us-gaap:CommonStockMember
2020-12-31
0001684688
us-gaap:AdditionalPaidInCapitalMember
2018-12-31
0001684688
us-gaap:AdditionalPaidInCapitalMember
2019-12-31
0001684688
us-gaap:AdditionalPaidInCapitalMember
2020-12-31
0001684688
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-12-31
0001684688
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-12-31
0001684688
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2020-12-31
0001684688
us-gaap:RetainedEarningsMember
2018-12-31
0001684688
us-gaap:RetainedEarningsMember
2019-12-31
0001684688
us-gaap:RetainedEarningsMember
2020-12-31
0001684688
us-gaap:CommonStockMember
2019-01-01
2019-12-31
0001684688
us-gaap:CommonStockMember
2020-01-01
2020-12-31
0001684688
us-gaap:AdditionalPaidInCapitalMember
2019-01-01
2019-12-31
0001684688
us-gaap:AdditionalPaidInCapitalMember
2020-01-01
2020-12-31
0001684688
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2019-01-01
2019-12-31
0001684688
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2020-01-01
2020-12-31
0001684688
us-gaap:RetainedEarningsMember
2019-01-01
2019-12-31
0001684688
us-gaap:RetainedEarningsMember
2020-01-01
2020-12-31
0001684688
us-gaap:CommonStockMember
2018-01-01
2018-12-31
0001684688
us-gaap:CommonStockMember
2017-12-31
0001684688
us-gaap:AdditionalPaidInCapitalMember
2018-01-01
2018-12-31
0001684688
us-gaap:AdditionalPaidInCapitalMember
2017-12-31
0001684688
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-01-01
2018-12-31
0001684688
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2017-12-31
0001684688
us-gaap:RetainedEarningsMember
2018-01-01
2018-12-31
0001684688
us-gaap:RetainedEarningsMember
2017-12-31
0001684688
2017-12-31
0001684688
us-gaap:NoncontrollingInterestMember
2020-01-01
2020-12-31
0001684688
us-gaap:NoncontrollingInterestMember
2019-01-01
2019-12-31
0001684688
us-gaap:NoncontrollingInterestMember
2018-01-01
2018-12-31
0001684688
us-gaap:NoncontrollingInterestMember
2019-12-31
0001684688
us-gaap:NoncontrollingInterestMember
2020-12-31
0001684688
us-gaap:NoncontrollingInterestMember
2018-12-31
0001684688
us-gaap:NoncontrollingInterestMember
2017-12-31
0001684688
us-gaap:PreferredStockMember
us-gaap:SeriesAPreferredStockMember
2020-01-01
2020-12-31
0001684688
us-gaap:PreferredStockMember
us-gaap:SeriesAPreferredStockMember
2019-01-01
2019-12-31
0001684688
us-gaap:PreferredStockMember
us-gaap:SeriesAPreferredStockMember
2018-01-01
2018-12-31
0001684688
us-gaap:PreferredStockMember
us-gaap:SeriesAPreferredStockMember
2019-12-31
0001684688
us-gaap:PreferredStockMember
us-gaap:SeriesAPreferredStockMember
2020-12-31
0001684688
us-gaap:PreferredStockMember
us-gaap:SeriesAPreferredStockMember
2018-12-31
0001684688
us-gaap:PreferredStockMember
us-gaap:SeriesAPreferredStockMember
2017-12-31
0001684688
us-gaap:StockOptionMember
2020-01-01
2020-12-31
0001684688
us-gaap:StockOptionMember
2019-01-01
2019-12-31
0001684688
us-gaap:StockOptionMember
2019-12-31
0001684688
us-gaap:StockOptionMember
2020-12-31
0001684688
us-gaap:StockOptionMember
2018-12-31
0001684688
us-gaap:WarrantMember
2020-01-01
2020-12-31
0001684688
us-gaap:WarrantMember
2019-12-31
0001684688
us-gaap:WarrantMember
2020-12-31
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
0.001
0.001
1
1
1
1
0.001
0.001
40000000
40000000
8525
249345
322841
2044
13590
90529
51118
1325
45759
4034
1405
72963
16161
156772
258133
94575
190581
3699
58498
67552
17618
10732
17618
10732
-1492197
-1922650
16398
-98265
1702636
2327244
4890
5780
249345
322841
231727
312109
267244
4635
4890
5780
1431796
1702636
2327244
10682
16398
-98265
-1179869
-1492197
-1922650
4430
1097682
1227
-778104
325235
17618
10732
4890424
5780165
4890424
5780165
8525
412529
-287984
-401765
412529
287984
410290
74357
116095
204319
116095
74357
204319
266802
143555
194561
26659
22518
11410
-430453
-312328
-401765
-312328
-430453
-401765
-430453
-312328
-401765
-0.08
-0.07
-0.09
5411039
4714866
4313048
-545116
-306612
-392310
-114663
5716
9455
20528
24654
17978
106202
121095
329319
-285667
-159250
-58635
-4158
7511
-4167
2918
-182
-205216
66478
-25157
788
20254
803
58498
67552
1277
80353
9054
57221
-79076
-63
-7
-284
500000
150000
5000
275000
150000
5000
-114663
5716
9455
5716
-114663
9455
275000
150000
5000
250
462
149750
274538
5
4995
31845
5000
125000
5
53
4995
31792
200
124800
4634599
4890424
5780165
4429599
1
1
1
1
250333
461666
5000
5492
53075
200000
-17924
-24344
17924
24344
20-F
false
2020-12-31
FY
2019
--12-31
Jupiter Gold Corp
0001684688
No
No
Yes
Non-accelerated Filer
true
false
5946832
1T
Yes
333-214872
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 1 – ORGANIZATION, BUSINESS AND SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Organization and Description of Business</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 27, 2016, Jupiter Gold Corporation ("Jupiter
Gold" or the "Company") was incorporated under the laws of the Republic of the Marshall Islands. Concurrently, Brazil Minerals,
Inc. ("Brazil Minerals"), a U.S. corporation, exchanged its 99.99% ownership in Mineração Jupiter Ltda ("MJL"),
a Brazilian company, for 4,000,000 shares of Jupiter Gold's common stock. Brazil Minerals held an approximate 10.5% interest in the Company
as of December 31, 2020.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has 100%-ownership to several gold projects
in development and in exploratory stages aggregating over <font style="background-color: white">154,000 acres in Brazil. It also </font>owns
a modular gold recovery plant. The Company trades on the OTC Markets (Pink Open Market) under the symbol JUPGF.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Basis of Presentation</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements of the Company
have been prepared in accordance with generally accepted accounting principles ("GAAP") of the United States of America and
are expressed in United States dollars. For the years ended December 31, 2020, 2019 and 2018, the consolidated financial statements include
the accounts of the Company and its 99.99% owned subsidiary, Mineração Jupiter Ltda.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All material intercompany accounts and transactions
have been eliminated in consolidation.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Use of Estimates</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity
with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure
of contingencies at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual
results may differ from those estimates.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Going Concern</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements have been prepared
on a going concern basis which contemplates the realization of assets and the settlement of liabilities in the normal course of business.
The Company has limited working capital, has incurred losses since its inception, and has not yet generated material revenues from the
sale of its products or services. These factors create substantial doubt about the Company's ability to continue as a going concern. The
consolidated financial statements do not include any adjustment that might be necessary if the Company is unable to continue as a going
concern.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The ability of the Company to continue as a going
concern is dependent on the Company generating cash from its operations, the sale of its stock and/or obtaining debt financing. During
the year ended December 31, 2020, the Company funded operations primarily through the sale of equity securities. Management plans to fund
its capital requirements and ongoing operations from the sale of gold and minerals recovered from mining areas that the Company expects
will become operational during 2021. Management intends to cover any operating losses by selling its equity securities and obtaining debt
financing. There can be no assurance the Company will be successful in these efforts.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Fair Value of Financial Instruments</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Jupiter Gold follows the guidance of Accounting Standards
Codification ("ASC") Topic 820 – Fair Value Measurement and Disclosure. Fair value is defined as the exit price, or the
amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as
of the measurement date. The guidance also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable
inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs
are inputs market participants would use in valuing the asset or liability and are developed based on market data obtained from sources
independent of Jupiter Gold. Unobservable inputs are inputs that reflect Jupiter Gold's assumptions about the factors market participants
would use in valuing the asset or liability. The guidance establishes three levels of inputs that may be used to measure fair value:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 1. Observable inputs such as quoted prices
in active markets;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 2. Inputs, other than the quoted prices
in active markets, that are observable either directly or indirectly; and</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 3. Unobservable inputs in which there is
little or no market data, which require the reporting entity to develop its own assumptions.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2020, Jupiter Gold did not have
any level 2 or 3 assets or liabilities. </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Jupiter Gold's financial instruments consist of cash
and cash equivalents, accounts payable, and accrued expenses. The carrying amount of these financial instruments approximates fair value
due to either length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these consolidated
financial statements.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Cash and Cash Equivalents</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company considers all highly liquid instruments
purchased with a maturity of three months or less to be cash equivalents to the extent that the funds are not being held for investment
purposes. Funds held in Brazilian banks are insured up to 250,000 Brazilian Real (approximately $48,107 based on the December 31, 2020
exchange rate).</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Property and Equipment</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Property and equipment are stated at cost. Major improvements
and betterments are capitalized. Maintenance and repairs are expensed as incurred. Depreciation is computed using the straight-line method
over the estimated useful life. At the time of retirement or other disposition of property and equipment, the cost and accumulated depreciation
are removed from the accounts and any resulting gain or loss is reflected in the statements of operations as other gain or loss, net.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The diamond and gold processing plant and other machinery
are depreciated over an estimated useful life of ten years; vehicles are depreciated over an estimated life of five years; and computer
and other office equipment over an estimated useful life of three years.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><i><u>Mineral Properties</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Costs of exploration, carrying and retaining unproven
mineral lease properties are expensed as incurred. Mineral property acquisition costs, including licenses and lease payments, are capitalized.
Impairment losses are recorded on mineral properties used in operations when indicators of impairment are present and the undiscounted
cash flows estimated to be generated by those assets are less than the assets' carrying amount. The Company did not recognize any impairment
losses related to mineral properties held during the years ended December 31, 2020, 2019 and 2018.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For intangible assets purchased in a business combination,
the estimated fair values of the assets received are used to establish their recorded values. For intangible assets acquired in a non-monetary
exchange, the estimated fair values of the assets transferred (or the estimated fair values of the assets received, if more clearly evident)
are used to establish their recorded values, unless the values of neither the assets received nor the assets transferred are determinable
within reasonable limits, in which case the assets received are measured based on the carrying values of the assets transferred. Valuation
techniques consistent with the market approach, income approach and/or cost approach are used to measure fair value. Intangible assets
consist of mineral rights held by MJL and hold a recorded value of $13,590, the cost of fees paid to the Brazilian national mining department.
These rights are held in perpetuity provided the Company remains in compliance with various government regulations and industry requirements.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><i><u>Impairment of Long-Lived Assets</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For long-lived assets, such as property and equipment
and intangible assets subject to amortization, Jupiter Gold continually monitors events and changes in circumstances that could indicate
carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses
the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted
expected future cash flows. If the total of the future undiscounted cash flows is less than the carrying amount of those assets, Jupiter
Gold recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed
of are reported at the lower of the carrying amount or the fair value less costs to sell. </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Revenue Recognition</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company generates revenue from the sale of gold
and other minerals excavated from its modular gold recovery plant located in a mining concession in Brazil.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Financial Accounting Standards Board (“FASB”)
Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) outlines a single comprehensive
model for entities to use in accounting for revenue arising from contracts with customers. The guidance provided in Accounting Standards
Codification (“ASC”) Topic 606 ("ASC 606") requires entities to use a five-step model to recognize revenue by allocating
the consideration from contracts to performance obligations on a relative standalone selling price basis. Revenue is recognized when a
customer obtains control of promised goods or services in an amount that reflects the consideration that the entity expects to receive
in exchange for those goods or services. The standard also requires new disclosures regarding the nature, amount, timing, and uncertainty
of revenue and cash flows arising from contracts with customers. ASC 606 also includes Subtopic 340-40, Other Assets and Deferred Costs
– Contracts with Customers, which requires the deferral of incremental costs of obtaining a contract with a customer.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes revenue under ASC 606, Revenue
from Contracts with Customers. The core principle of the new 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 following five steps are applied to achieve that core principle:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="width: 98%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Step 1: Identify the contract with the customer</font></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Step 2: Identify the performance obligations in the contract</font></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Step 3: Determine the transaction price</font></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Step 4: Allocate the transaction price to the performance obligations in the contract</font></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Step 5: Recognize revenue when the company satisfies a performance obligation</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">  </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In order to identify the performance obligations in
a contract with a customer, a company must assess the promised goods or services in the contract and identify each promised good or service
that is distinct. A performance obligation meets ASC 606's definition of a "distinct" good or service (or bundle of goods or
services) if both of the following criteria are met:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="width: 98%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer</font></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The entity's promise to transfer the good or service to the customer is separately identifiable from other promises in the contract</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If a good or service is not distinct, the good or
service is combined with other promised goods or services until a bundle of goods or services is identified that is distinct.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The transaction price is the amount of consideration
to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. The consideration promised
in a contract with a customer may include fixed amounts, variable amounts, or both. When determining the transaction price, an entity
must consider the effects of all of the following:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="width: 98%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Variable consideration</font></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Constraining estimates of variable consideration</font></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The existence of a significant financing component in the contract</font></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Noncash consideration</font></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Consideration payable to a customer</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Variable consideration is included in the transaction
price only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur
when the uncertainty associated with the variable consideration is subsequently resolved.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The transaction price is allocated to each performance
obligation on a relative standalone selling price basis.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The transaction price allocated to each performance
obligation is recognized when that performance obligation is satisfied, at a point in time or over time as appropriate.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Stock-Based Compensation</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company records stock-based compensation in accordance
with ASC Topic 718, Compensation - Stock Compensation. ASC 718 requires companies to measure compensation cost for stock-based employee
compensation at fair value at the grant date and recognize the expense over the employee's requisite service period. Under ASC 718, volatility
is based on the historical volatility of our stock or the expected volatility of the stock of similar companies. The expected life assumption
is primarily based on historical exercise patterns and employee post-vesting termination behavior. The risk-free interest rate for the
expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company utilizes the Black-Scholes option-pricing
model, which was developed for use in estimating the fair value of options. Option-pricing models require the input of highly complex
and subjective variables including the expected life of options granted and the expected volatility of our stock price over a period equal
to or greater than the expected life of the options. Because changes in the subjective assumptions can materially affect the estimated
value of our employee stock options, it is management's opinion that the Black-Scholes option-pricing model may not provide an accurate
measure of the fair value of our employee stock options. Although the fair value of employee stock options is determined in accordance
with ASC Topic 718 using an option-pricing model, that value may not be indicative of the fair value observed in a willing buyer/willing
seller market transaction.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 20, 2018, the FASB issued ASU 2018-07 which
simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under the ASU, most of the guidance
on such payments to nonemployees would be aligned with the requirements for share-based payments granted to employees. Equity classified
share-based payments for employees are fixed at the time of grant. Equity-classified nonemployee share-based payment awards are measured
at the grant date of the award which is the same as share-based payments for employees. The Company adopted the requirements of the new
rule as of January 1, 2019, the effective date of the new guidance.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Foreign Currency</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Jupiter Gold's subsidiary, MJL, uses its local currency
as its functional currency. Resulting translation gains or losses are recognized as a component of accumulated other comprehensive income.
Transaction gains or losses related to balances denominated in a currency other than the functional currency are recognized in the consolidated
statements of operations.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Basic Earnings (Loss) Per Share</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company computes loss per share in accordance
with ASC Topic 260, Earnings per Share, which requires presentation of both basic and diluted earnings per share on the face of the statement
of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of
outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during
the period. As of December 31, 2020, the Company's potentially dilutive securities relate to common stock issuable in connection with
options. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Reclassifications</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain prior year amounts have been reclassified
to conform to the current period presentation. These reclassifications had no impact on net earnings (loss) or and financial position.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><i><u>Recent Accounting Pronouncements</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has implemented all new accounting pronouncements
that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that
have been issued that might have a material impact on its financial position or results of operations except as noted below:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2020, the FASB issued ASU No. 2020-06, Debt
- Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic
815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. ASU 2020-06 will simplify the accounting
for convertible instruments by reducing the number of accounting models for convertible debt instruments and convertible preferred stock.
Limiting the accounting models will result in fewer embedded conversion features being separately recognized from the host contract as
compared with current GAAP. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion
features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify
for a scope exception from derivative accounting and (2) convertible debt instruments issued with substantial premiums for which the premiums
are recorded as paid-in capital. ASU 2020-06 also amends the guidance for the derivatives scope exception for contracts in an entity’s
own equity to reduce form-over-substance-based accounting conclusions. ASU 2020-06 will be effective January 1, 2024, for the Company.
Early adoption is permitted, but no earlier than January 1, 2021, including interim periods within that year. The Company is evaluating
the effect of the adoption of ASU 2020-06 on the consolidated financial statements, but currently does not believe ASU 2020-06 will have
a significant impact on the Company’s accounting for its convertible debt instruments. The effect will largely depend on the composition
and terms of the financial instruments at the time of adoption.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2020, the FASB issued ASU 2020-02, Financial
Instruments-Credit Losses (Topic 326) and Leases (Topic 842) - Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin
No. 119 and Update to SEC Section on Effective Date Related to Accounting Standards Update No. 2016-02, Leases (Topic 842), which amends
the effective date of the original pronouncement for smaller reporting companies. ASU 2016-13 and its amendments will be effective for
the Company for interim and annual periods in fiscal years beginning after December 15, 2022. The Company believes the adoption will modify
the way the Company analyzes financial instruments, but it does not anticipate a material impact on results of operations. The Company
is in the process of determining the effects adoption will have on its consolidated financial statements. </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>NOTE 2 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Property and Equipment, Net</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The following table sets forth the components of the Company's property
and equipment at December 31, 2020 and December 31, 2019:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
<td style="text-align: center"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="11" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">December 31, 2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="11" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">December 31, 2019</td></tr>
<tr style="vertical-align: bottom">
<td style="text-align: center"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Cost</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Accumulated Depreciation</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Net Book<br /> Value</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Cost</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Accumulated Depreciation</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Net Book<br /> Value</td></tr>
<tr style="vertical-align: bottom">
<td> </td><td> </td>
<td colspan="3"> </td><td> </td>
<td colspan="3"> </td><td> </td>
<td colspan="3"> </td><td> </td>
<td colspan="3"> </td><td> </td>
<td colspan="3"> </td><td> </td>
<td colspan="3"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="font: 10pt Times New Roman, Times, Serif; width: 40%; text-align: left">Computers and office equipment</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; width: 6%; text-align: right">2,192</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 6%; text-align: right">(867</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; width: 6%; text-align: right">1,325</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; width: 6%; text-align: right">1,405</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 6%; text-align: right">(0</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; width: 6%; text-align: right">1,405</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Machinery and equipment</td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">108,330</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(62,571</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">45,759</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">139,667</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(66,704</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">72,963</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">Vehicles</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">42,507</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(38,473</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">4,034</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">54,803</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(38,642</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">16,161</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Total fixed assets</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">153,029</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(101,911</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">51,118</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">195,875</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(105,346</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">90,529</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the years ended December 31, 2020, 2019 and 2018,
the Company recorded depreciation expense of $20,528, $24,654 and $17,978, respectively.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Related Party Receivables</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2020, related party receivables
totaled $190,581. The entire amount is owed from Brazil Minerals for short term loans made and expenses paid by Jupiter Gold and MJL.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2019, related party receivables
totaled $94,575. This amount was comprised of the following components, (i) $3,787 is owed from a Brazil Minerals subsidiary to MJL for
expenses paid on behalf of such subsidiary and (ii) $90,788 is owed from Brazil Minerals for short term loans made and expenses paid by
Jupiter Gold and MJL.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>NOTE 3 – STOCKHOLDERS' DEFICIT</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Issued and Authorized</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2020, Jupiter Gold had 5,780,165
shares of its common stock and 1 share of its preferred stock issued and outstanding. As of December 31, 2020, Jupiter Gold had 40,000,000 <font style="background-color: white">common
shares and 10,000,000 preferred shares authorized.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Common Stock</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the year ended December 31, 2020, Jupiter Gold
issued and sold 461,666 shares of common stock for cash proceeds of $275,000. Additionally, the Company issued 53,075 shares of its common
stock in exchange for fees and services totaling $31,845, or an average price of $0.60 per share which approximated fair market value.
Lastly, the Company issued 375,000 shares of common stock in connection with the conversion of $225,000 of note principal with a related
party.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the year ended December 31, 2019, Jupiter Gold
issued and sold 250,333 shares of common stock for cash proceeds of $150,000. Additionally, the Company issued 5,492 shares of its common
stock in exchange for fees and services totaling $5,000, or an average price of $0.91 per share which approximated fair market value.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the year ended December 31, 2018, Jupiter Gold
issued and sold 5,000 shares of common stock for cash proceeds of $5,000. Additionally, the Company issued 200,000 shares of its common
stock in exchange for fees and services totaling $125,000, or an average price of $0.63 per share which approximated fair market value.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i> </i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Preferred A Stock</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Jupiter Gold has issued to one of its directors one
share of a Series A Convertible Preferred Stock ("Preferred A Stock"). The Certificate of Designations, Preferences and Rights
of Preferred A Stock provides that for so long as it is issued and outstanding, its holders shall vote together as a single class with
the holders of the Company's common stock, with the holders of Preferred A Stock being entitled to 51% of the total votes on all such
matters regardless of the actual number of shares of Preferred A Stock then outstanding, and the holders of common stock are entitled
to their proportional share of the remaining 49% of the total votes based on their respective voting power.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Stock Options</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the year ended December 31, 2020, the Company
granted to officers and directors as contractual compensation options to purchase an aggregate of 375,000 shares of its common stock.
The options were valued at $74,357 in total. The options were valued using the Black-Scholes option pricing model with the following average
assumptions: our stock price on date of grant ($0.300 to $0.525), a strike price of $0.01 to $1.04, expected dividend yield of 0%, historical
volatility of 63.08%, risk-free interest rate of 0.29% to 1.69%, and an expected term of five to ten years.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the year ended December 31, 2019, the Company
granted to directors as contractual compensation options to purchase an aggregate of 360,000 shares of its common stock. The options were
valued at $116,095 in total. The options were valued using the Black-Scholes option pricing model with the following average assumptions:
our stock price on date of grant ($0.275 to $1.125), a strike price of $1.00, expected dividend yield of 0%, historical volatility of
63.08%, risk-free interest rate of 1.39% to 2.56%, and an expected term of five years.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the year ended December 31, 2018, the Company
granted to directors as contractual compensation options to purchase an aggregate of 365,000 shares of its common stock. The options were
valued at $204,319 in total. The options were valued using the Black-Scholes option pricing model with the following average assumptions:
our stock price on date of grant ($1.00 to $1.13), a strike price of $1.00, expected dividend yield of 0%, historical volatility of 63.08%,
risk-free interest rate of 2.25% to 2.94%, and an expected term of five years.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table reflects all outstanding and exercisable
options at December 31, 2020. All stock options immediately vest and are exercisable for a period of five to ten years from the date
of issuance.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<tr>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number of Options Outstanding and Vested</b></font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted Average Exercise Price</b></font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Remaining Contractual Life (Years)</b></font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top; text-align: center"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Aggregated Intrinsic Value</b></font></td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom; width: 51%"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding, December 31, 2018</font></td>
<td style="vertical-align: bottom; width: 1%; text-align: right"> </td>
<td style="vertical-align: bottom; width: 1%"> </td>
<td style="vertical-align: bottom; width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,560,000</font></td>
<td style="white-space: nowrap; vertical-align: bottom; width: 1%"> </td>
<td style="vertical-align: bottom; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
<td style="vertical-align: bottom; width: 8%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1.08</font></td>
<td style="white-space: nowrap; vertical-align: bottom; width: 1%"> </td>
<td style="vertical-align: bottom; width: 1%"> </td>
<td style="vertical-align: bottom; width: 8%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3.53</font></td>
<td style="white-space: nowrap; vertical-align: bottom; width: 1%"> </td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 8%"> </td>
<td style="vertical-align: top; width: 1%"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Issued</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">360,000</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1.00</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4.54</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: top"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding, December 31, 2019</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,920,000</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1.06</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2.91</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Issued</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">375,000</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.69</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">5.68</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: top"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding and Vested, December 31, 2020</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,295,000</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1.00</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2.52</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
<td style="border-bottom: black 4.5pt double; vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">103,600</font></td>
<td style="vertical-align: top"> </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The remaining contractual life of the options outstanding as of December
31, 2020 ranges from 0.67 to 9.92 years.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><i><u>Stock Warrants</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b> </b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the year ended December 31, 2020, the Company
issued warrants to purchase an aggregate of 200,000 shares of its common stock in connection with certain sales of its common stock. The
warrants were valued at $110,053 in total. The warrants were valued using the Black-Scholes option pricing model with the following average
assumptions: our stock price on date of grant ($0.75 to $0.97), a strike price of $0.60 to $0.90, expected dividend yield of 0%, historical
volatility of 254.5% to 277.4%, risk-free interest rate of 0.15% to 0.54%, and an expected term of approximately six months.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the year ended December 31, 2020, the Company
issued warrants to purchase an aggregate of 67,000 shares of its common stock in connection with a $225,000 convertible note with a related
party. The warrants were valued at $19,296. The warrants were valued using the Black-Scholes option pricing model with the following average
assumptions: our stock price on date of grant ($0.35), a strike price of $0.60, expected dividend yield of 0%, historical volatility of
253.1%, risk-free interest rate of 1.42%, and an expected term of approximately two years.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table reflects all outstanding and exercisable
warrants at December 31, 2020. All stock warrants are exercisable for a period ranging from one to four years from the date of issuance.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<tr>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number of Warrants Outstanding</b></font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted Average Exercise Price</b></font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Remaining Contractual Life (Years)</b></font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top; text-align: center"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Aggregated Intrinsic Value</b></font></td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding, December 31, 2019</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Issued</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">267,000</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.79</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1.74</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: top"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding, December 31, 2020</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">267,000</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.79</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1.18</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
<td style="border-bottom: black 4.5pt double; vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">42,450</font></td>
<td style="vertical-align: top"> </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 4 – COMMITMENTS AND CONTINGENCIES</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Service Agreement</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Commencing November 1, 2017, Jupiter Gold established
a cost sharing arrangement with Brazil Minerals whereby it agreed to pay $1,250 per month for support services including facilities and
personnel.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">  </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Monthly Honorarium</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">MJL pays as honorarium to its administrator, Jupiter
Gold's Chief Executive Officer, the minimum monthly salary as set annually by the Brazilian government. The minimum monthly salary was
approximately $204 (or 1,045 Brazilian Reais) during 2020, $252 (or 998 Brazilian Reais) during 2019, and $246 (or 954 Brazilian Reais)
during 2018.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 5 – SUBSEQUENT EVENTS</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In light of the SEC's Division of Corporate Finance
Disclosure Guidance Topic Number 9, dated March 25, 2020, on the impact of COVID-19, the Company notes the following as of April 30, 2021:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 1%"> </td>
<td style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 98%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company has not had any reports of COVID-19 among its workforce;</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="width: 98%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Company has been able to continue to advance its three primary projects with minimal disruption;</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="width: 98%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Some exploratory research of other projects has been delayed because of certain key personnel not being able to travel;</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="width: 98%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In 2021, the Company has received gross proceeds of $50,000 from the exercise of warrants and issuance of securities to support ongoing operations.</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with FASB ASC 855-10 Subsequent Events,
the Company has analyzed its operations subsequent to December 31, 2020 to the date these consolidated financial statements were issued,
and has determined that it does not have any material subsequent events to disclose in these consolidated financial statements.</p>
195875
153029
2192
108330
42507
1405
139667
54803
105346
101911
867
62571
38473
0
66704
38642
20528
24654
17978
1920000
2295000
1560000
375000
360000
1.06
1.00
1.08
0.69
1.00
P2Y10M28D
P3Y6M11D
252
204
246
1250
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Property and Equipment, Net</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The following table sets forth the components of the Company's property
and equipment at December 31, 2020 and December 31, 2019:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
<td style="text-align: center"> </td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="11" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">December 31, 2020</td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="11" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">December 31, 2019</td></tr>
<tr style="vertical-align: bottom">
<td style="text-align: center"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Cost</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Accumulated Depreciation</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Net Book<br /> Value</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Cost</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Accumulated Depreciation</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Net Book<br /> Value</td></tr>
<tr style="vertical-align: bottom">
<td> </td><td> </td>
<td colspan="3"> </td><td> </td>
<td colspan="3"> </td><td> </td>
<td colspan="3"> </td><td> </td>
<td colspan="3"> </td><td> </td>
<td colspan="3"> </td><td> </td>
<td colspan="3"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="font: 10pt Times New Roman, Times, Serif; width: 40%; text-align: left">Computers and office equipment</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; width: 6%; text-align: right">2,192</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 6%; text-align: right">(867</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; width: 6%; text-align: right">1,325</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; width: 6%; text-align: right">1,405</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 6%; text-align: right">(0</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; width: 6%; text-align: right">1,405</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Machinery and equipment</td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">108,330</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(62,571</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">45,759</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">139,667</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">(66,704</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td>
<td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">72,963</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">Vehicles</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">42,507</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(38,473</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">4,034</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">54,803</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(38,642</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">16,161</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 2.5pt">Total fixed assets</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">153,029</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(101,911</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">51,118</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">195,875</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(105,346</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">)</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">90,529</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"> </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table reflects all outstanding and exercisable
options at December 31, 2020. All stock options immediately vest and are exercisable for a period of five to ten years from the date
of issuance.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<tr>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number of Options Outstanding and Vested</b></font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted Average Exercise Price</b></font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Remaining Contractual Life (Years)</b></font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top; text-align: center"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Aggregated Intrinsic Value</b></font></td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom; width: 51%"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding, December 31, 2018</font></td>
<td style="vertical-align: bottom; width: 1%; text-align: right"> </td>
<td style="vertical-align: bottom; width: 1%"> </td>
<td style="vertical-align: bottom; width: 16%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,560,000</font></td>
<td style="white-space: nowrap; vertical-align: bottom; width: 1%"> </td>
<td style="vertical-align: bottom; width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
<td style="vertical-align: bottom; width: 8%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1.08</font></td>
<td style="white-space: nowrap; vertical-align: bottom; width: 1%"> </td>
<td style="vertical-align: bottom; width: 1%"> </td>
<td style="vertical-align: bottom; width: 8%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3.53</font></td>
<td style="white-space: nowrap; vertical-align: bottom; width: 1%"> </td>
<td style="vertical-align: top; width: 1%"> </td>
<td style="vertical-align: top; width: 8%"> </td>
<td style="vertical-align: top; width: 1%"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Issued</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">360,000</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1.00</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">4.54</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: top"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding, December 31, 2019</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,920,000</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1.06</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2.91</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Issued</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">375,000</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.69</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">5.68</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: top"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding and Vested, December 31, 2020</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,295,000</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1.00</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2.52</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
<td style="border-bottom: black 4.5pt double; vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">103,600</font></td>
<td style="vertical-align: top"> </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Organization and Description of Business</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 27, 2016, Jupiter Gold Corporation ("Jupiter
Gold" or the "Company") was incorporated under the laws of the Republic of the Marshall Islands. Concurrently, Brazil Minerals,
Inc. ("Brazil Minerals"), a U.S. corporation, exchanged its 99.99% ownership in Mineração Jupiter Ltda ("MJL"),
a Brazilian company, for 4,000,000 shares of Jupiter Gold's common stock. Brazil Minerals held an approximate 10.5% interest in the Company
as of December 31, 2020.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has 100%-ownership to several gold projects
in development and in exploratory stages aggregating over <font style="background-color: white">154,000 acres in Brazil. It also </font>owns
a modular gold recovery plant. The Company trades on the OTC Markets (Pink Open Market) under the symbol JUPGF.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Basis of Presentation</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements of the
Company have been prepared in accordance with generally accepted accounting principles ("GAAP") of the United States of America
and are expressed in United States dollars. For the years ended December 31, 2019, 2018 and 2017, the consolidated financial statements
include the accounts of the Company and its 99.99% owned subsidiary, Mineração Jupiter Ltda.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All material intercompany accounts and transactions
have been eliminated in consolidation.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Use of Estimates</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity
with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure
of contingencies at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual
results may differ from those estimates.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Going Concern</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements have been prepared
on a going concern basis which contemplates the realization of assets and the settlement of liabilities in the normal course of business.
The Company has limited working capital, has incurred losses since its inception, and has not yet generated material revenues from the
sale of its products or services. These factors create substantial doubt about the Company's ability to continue as a going concern. The
consolidated financial statements do not include any adjustment that might be necessary if the Company is unable to continue as a going
concern.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The ability of the Company to continue as a going
concern is dependent on the Company generating cash from its operations, the sale of its stock and/or obtaining debt financing. During
the year ended December 31, 2020, the Company funded operations primarily through the sale of equity securities. Management plans to fund
its capital requirements and ongoing operations from the sale of gold and minerals recovered from mining areas that the Company expects
will become operational during 2021. Management intends to cover any operating losses by selling its equity securities and obtaining debt
financing. There can be no assurance the Company will be successful in these efforts.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Fair Value of Financial Instruments</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Jupiter Gold follows the guidance of Accounting Standards
Codification ("ASC") Topic 820 – Fair Value Measurement and Disclosure. Fair value is defined as the exit price, or the
amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as
of the measurement date. The guidance also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable
inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs
are inputs market participants would use in valuing the asset or liability and are developed based on market data obtained from sources
independent of Jupiter Gold. Unobservable inputs are inputs that reflect Jupiter Gold's assumptions about the factors market participants
would use in valuing the asset or liability. The guidance establishes three levels of inputs that may be used to measure fair value:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 1. Observable inputs such as quoted prices
in active markets;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 2. Inputs, other than the quoted prices
in active markets, that are observable either directly or indirectly; and</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 3. Unobservable inputs in which there is
little or no market data, which require the reporting entity to develop its own assumptions.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2020, Jupiter Gold did not have
any level 2 or 3 assets or liabilities. </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Jupiter Gold's financial instruments consist of cash
and cash equivalents, accounts payable, and accrued expenses. The carrying amount of these financial instruments approximates fair value
due to either length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed in these consolidated
financial statements.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Cash and Cash Equivalents</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company considers all highly liquid instruments
purchased with a maturity of three months or less to be cash equivalents to the extent that the funds are not being held for investment
purposes. Funds held in Brazilian banks are insured up to 250,000 Brazilian Real (approximately $48,107 based on the December 31, 2020
exchange rate).</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Property and Equipment</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Property and equipment are stated at cost. Major improvements
and betterments are capitalized. Maintenance and repairs are expensed as incurred. Depreciation is computed using the straight-line method
over the estimated useful life. At the time of retirement or other disposition of property and equipment, the cost and accumulated depreciation
are removed from the accounts and any resulting gain or loss is reflected in the statements of operations as other gain or loss, net.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The diamond and gold processing plant and other machinery
are depreciated over an estimated useful life of ten years; vehicles are depreciated over an estimated life of five years; and computer
and other office equipment over an estimated useful life of three years.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><i><u>Mineral Properties</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Costs of exploration, carrying and retaining unproven
mineral lease properties are expensed as incurred. Mineral property acquisition costs, including licenses and lease payments, are capitalized.
Impairment losses are recorded on mineral properties used in operations when indicators of impairment are present and the undiscounted
cash flows estimated to be generated by those assets are less than the assets' carrying amount. The Company did not recognize any impairment
losses related to mineral properties held during the years ended December 31, 2020, 2019 and 2018.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For intangible assets purchased in a business combination,
the estimated fair values of the assets received are used to establish their recorded values. For intangible assets acquired in a non-monetary
exchange, the estimated fair values of the assets transferred (or the estimated fair values of the assets received, if more clearly evident)
are used to establish their recorded values, unless the values of neither the assets received nor the assets transferred are determinable
within reasonable limits, in which case the assets received are measured based on the carrying values of the assets transferred. Valuation
techniques consistent with the market approach, income approach and/or cost approach are used to measure fair value. Intangible assets
consist of mineral rights held by MJL and hold a recorded value of $13,590, the cost of fees paid to the Brazilian national mining department.
These rights are held in perpetuity provided the Company remains in compliance with various government regulations and industry requirements.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><i><u>Impairment of Long-Lived Assets</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For long-lived assets, such as property and equipment
and intangible assets subject to amortization, Jupiter Gold continually monitors events and changes in circumstances that could indicate
carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses
the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted
expected future cash flows. If the total of the future undiscounted cash flows is less than the carrying amount of those assets, Jupiter
Gold recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed
of are reported at the lower of the carrying amount or the fair value less costs to sell. </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Revenue Recognition</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company generates revenue from the sale of gold
and other minerals excavated from its modular gold recovery plant located in a mining concession in Brazil.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Financial Accounting Standards Board (“FASB”)
Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) outlines a single comprehensive
model for entities to use in accounting for revenue arising from contracts with customers. The guidance provided in Accounting Standards
Codification (“ASC”) Topic 606 ("ASC 606") requires entities to use a five-step model to recognize revenue by allocating
the consideration from contracts to performance obligations on a relative standalone selling price basis. Revenue is recognized when a
customer obtains control of promised goods or services in an amount that reflects the consideration that the entity expects to receive
in exchange for those goods or services. The standard also requires new disclosures regarding the nature, amount, timing, and uncertainty
of revenue and cash flows arising from contracts with customers. ASC 606 also includes Subtopic 340-40, Other Assets and Deferred Costs
– Contracts with Customers, which requires the deferral of incremental costs of obtaining a contract with a customer.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes revenue under ASC 606, Revenue
from Contracts with Customers. The core principle of the new 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 following five steps are applied to achieve that core principle:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="width: 98%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Step 1: Identify the contract with the customer</font></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Step 2: Identify the performance obligations in the contract</font></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Step 3: Determine the transaction price</font></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Step 4: Allocate the transaction price to the performance obligations in the contract</font></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Step 5: Recognize revenue when the company satisfies a performance obligation</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">  </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In order to identify the performance obligations in
a contract with a customer, a company must assess the promised goods or services in the contract and identify each promised good or service
that is distinct. A performance obligation meets ASC 606's definition of a "distinct" good or service (or bundle of goods or
services) if both of the following criteria are met:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="width: 98%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer</font></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The entity's promise to transfer the good or service to the customer is separately identifiable from other promises in the contract</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If a good or service is not distinct, the good or
service is combined with other promised goods or services until a bundle of goods or services is identified that is distinct.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The transaction price is the amount of consideration
to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. The consideration promised
in a contract with a customer may include fixed amounts, variable amounts, or both. When determining the transaction price, an entity
must consider the effects of all of the following:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="width: 98%; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Variable consideration</font></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Constraining estimates of variable consideration</font></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The existence of a significant financing component in the contract</font></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Noncash consideration</font></td></tr>
<tr style="vertical-align: top">
<td> </td>
<td><font style="font: 10pt Times New Roman, Times, Serif">·</font></td>
<td style="text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Consideration payable to a customer</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Variable consideration is included in the transaction
price only to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur
when the uncertainty associated with the variable consideration is subsequently resolved.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The transaction price is allocated to each performance
obligation on a relative standalone selling price basis.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The transaction price allocated to each performance
obligation is recognized when that performance obligation is satisfied, at a point in time or over time as appropriate.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Stock-Based Compensation</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company records stock-based compensation in accordance
with ASC Topic 718, Compensation - Stock Compensation. ASC 718 requires companies to measure compensation cost for stock-based employee
compensation at fair value at the grant date and recognize the expense over the employee's requisite service period. Under ASC 718, volatility
is based on the historical volatility of our stock or the expected volatility of the stock of similar companies. The expected life assumption
is primarily based on historical exercise patterns and employee post-vesting termination behavior. The risk-free interest rate for the
expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company utilizes the Black-Scholes option-pricing
model, which was developed for use in estimating the fair value of options. Option-pricing models require the input of highly complex
and subjective variables including the expected life of options granted and the expected volatility of our stock price over a period equal
to or greater than the expected life of the options. Because changes in the subjective assumptions can materially affect the estimated
value of our employee stock options, it is management's opinion that the Black-Scholes option-pricing model may not provide an accurate
measure of the fair value of our employee stock options. Although the fair value of employee stock options is determined in accordance
with ASC Topic 718 using an option-pricing model, that value may not be indicative of the fair value observed in a willing buyer/willing
seller market transaction.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 20, 2018, the FASB issued ASU 2018-07 which
simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under the ASU, most of the guidance
on such payments to nonemployees would be aligned with the requirements for share-based payments granted to employees. Equity classified
share-based payments for employees are fixed at the time of grant. Equity-classified nonemployee share-based payment awards are measured
at the grant date of the award which is the same as share-based payments for employees. The Company adopted the requirements of the new
rule as of January 1, 2019, the effective date of the new guidance.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Foreign Currency</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Jupiter Gold's subsidiary, MJL, uses its local currency
as its functional currency. Resulting translation gains or losses are recognized as a component of accumulated other comprehensive income.
Transaction gains or losses related to balances denominated in a currency other than the functional currency are recognized in the consolidated
statements of operations.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Basic Earnings (Loss) Per Share</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company computes loss per share in accordance
with ASC Topic 260, Earnings per Share, which requires presentation of both basic and diluted earnings per share on the face of the statement
of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of
outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during
the period. As of December 31, 2020, the Company's potentially dilutive securities relate to common stock issuable in connection with
options. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><i><u>Recent Accounting Pronouncements</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has implemented all new accounting pronouncements
that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that
have been issued that might have a material impact on its financial position or results of operations except as noted below:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2020, the FASB issued ASU No. 2020-06, Debt
- Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic
815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. ASU 2020-06 will simplify the accounting
for convertible instruments by reducing the number of accounting models for convertible debt instruments and convertible preferred stock.
Limiting the accounting models will result in fewer embedded conversion features being separately recognized from the host contract as
compared with current GAAP. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion
features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify
for a scope exception from derivative accounting and (2) convertible debt instruments issued with substantial premiums for which the premiums
are recorded as paid-in capital. ASU 2020-06 also amends the guidance for the derivatives scope exception for contracts in an entity’s
own equity to reduce form-over-substance-based accounting conclusions. ASU 2020-06 will be effective January 1, 2024, for the Company.
Early adoption is permitted, but no earlier than January 1, 2021, including interim periods within that year. The Company is evaluating
the effect of the adoption of ASU 2020-06 on the consolidated financial statements, but currently does not believe ASU 2020-06 will have
a significant impact on the Company’s accounting for its convertible debt instruments. The effect will largely depend on the composition
and terms of the financial instruments at the time of adoption.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2020, the FASB issued ASU 2020-02, Financial
Instruments-Credit Losses (Topic 326) and Leases (Topic 842) - Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin
No. 119 and Update to SEC Section on Effective Date Related to Accounting Standards Update No. 2016-02, Leases (Topic 842), which amends
the effective date of the original pronouncement for smaller reporting companies. ASU 2016-13 and its amendments will be effective for
the Company for interim and annual periods in fiscal years beginning after December 15, 2022. The Company believes the adoption will modify
the way the Company analyzes financial instruments, but it does not anticipate a material impact on results of operations. The Company
is in the process of determining the effects adoption will have on its consolidated financial statements. </p>
false
false
true
false
44711
5816
19296
19296
225000
375
224625
375000
19296
11741
192687
-86732
24354
225000
103600
P5Y8M5D
P4Y6M15D
P2Y6M7D
P2Y10M28D
267000
267000
0.79
0.79
P1Y8M26D
P1Y2M5D
42450
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Reclassifications</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Certain prior year amounts have been reclassified
to conform to the current period presentation. These reclassifications had no impact on net earnings (loss) or and financial position.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table reflects all outstanding and exercisable
warrants at December 31, 2020. All stock warrants are exercisable for a period ranging from one to four years from the date of issuance.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<tr>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Number of Warrants Outstanding</b></font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Weighted Average Exercise Price</b></font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Remaining Contractual Life (Years)</b></font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top; text-align: center"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>Aggregated Intrinsic Value</b></font></td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding, December 31, 2019</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Issued</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">267,000</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.79</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1.74</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Exercised</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: bottom"> </td>
<td style="vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Forfeited</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">–</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: top"> </td>
<td style="border-bottom: black 1.5pt solid; vertical-align: top"> </td>
<td style="vertical-align: top"> </td></tr>
<tr>
<td style="vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">Outstanding, December 31, 2020</font></td>
<td style="vertical-align: bottom; text-align: right"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">267,000</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">0.79</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: bottom; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1.18</font></td>
<td style="white-space: nowrap; vertical-align: bottom"> </td>
<td style="border-bottom: black 4.5pt double; vertical-align: top"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
<td style="border-bottom: black 4.5pt double; vertical-align: top; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">42,450</font></td>
<td style="vertical-align: top"> </td></tr>
</table>