Investor Relations

Financial Statements

v3.19.1
BALANCE SHEETS - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Note receivable from affiliated company – in anticipation of merger $ 250,000 $ 0
Interest receivable from affiliated company 2,731 0
Current assets of discontinued operations 0 111,163
Total current assets 252,731 111,163
Furniture and equipment of discontinued operations, net 0 78,763
Total assets 252,731 189,926
Current liabilities    
Accrued interest payable 27,478 0
Convertible note payable, net of unamortized discount of $115,704 and $0 and unamortized loan origination costs of $3,523 and $0 at September 30, 2018 and December 31, 2018, respectively 134,748 0
Current Liabilities of Discontinued Operations 259,717 685,751
Total current liabilities 421,943 685,751
Long-Term Liabilities    
Long-term liabilities of discontinued operations 0 28,560
Total liabilities 421,943 714,311
Stockholders’ Deficit    
Preferred stock, $0.01 par value, 5,000,000 shares authorized; zero shares issued and outstanding 0 0
Common stock, $0.001 par value, 495,000,000 shares authorized, 158,890,363 and 14,445,363 shares issued and outstanding at September 30, 2018 and December 31, 2017 158,890 14,445
Additional paid-in capital (664,930) (902,272)
Accumulated deficit 336,828 363,442
Total Stockholders’ Deficit (169,212) (524,385)
Total Liabilities and Stockholders’ Deficit $ 252,731 $ 189,926
v3.19.1
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Other income (expense)        
Interest income $ 2,731 $ 0 $ 2,731 $ 0
Interest expense (including amortization of debt discount of $20,527 and $20,527 respectively (24,791) 0 (48,457) 0
Income before income taxes (22,060) 0 (45,726) 0
Net (loss) income from discontinued operations, net of income taxes 0 22,155 19,112 55,913
Net income (loss) $ (22,060) $ 22,155 $ (26,614) $ 55,913
Net income (loss) per common share        
Continuing operations (in Dollars per share) $ 0.00 $ 0 $ 0.00 $ 0
Discontinued operations (in Dollars per share) 0.00 0.00 0.00 0.00
(in Dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Weighted average common shares outstanding        
Basic and diluted (in Shares) 158,890,363 14,445,363 104,921,901 14,445,363
v3.19.1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended 9 Months Ended
Jun. 30, 2017
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) from continuing operations $ 0 $ (45,726)
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:    
Accretion of discount on convertible note payable 0 20,527
Amortization of debt issuance costs included in interest expense 0 452
Changes in operating assets and liabilities    
Interest receivable from affiliated company 0 (2,731)
Accrued interest payable 0 27,478
Net cash provided by (used in) operating activities - continuing operations 0 0
Net cash provided by (used in) operating activities - discontinued operations 194,177 92,464
Net cash provided by operating activities 194,177 92,464
CASH FLOWS FROM INVESTING ACTIVITIES    
Payment for note receivable in anticipation of merger 0 (250,000)
Net cash provided by (used in) investing activities - continuing operations 0 (250,000)
Net cash provided by (used in) investing activities - discontinued operations 2,093 (77,492)
Net cash provided by (used in) investing activities 2,093 (327,492)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings on convertible note payable 0 253,000
Payments of loan origination fees 0 (3,000)
Net cash provided by (used in) financing activities – continuing operations 0 250,000
Net cash provided by (used in) financing activities – discontinued operations (191,449) (14,972)
Net cash provided by (used in) financing activities (191,449) 235,028
Net increase (decrease) in cash 4,821 0
Cash, beginning of period 32,761 0
Cash, end of period 37,582 0
Cash paid during the period    
Interest 751 0
Income taxes 800 0
Non-cash investing and financing activities    
Discount on convertible debt 0 136,231
Vehicle purchased through auto loan 22,789 0
Conversion of Line of credit, officers to shares of common stock $ 0 $ 144,445