Global Water Technologies : 2022 Q2 Consolidated Financial Statements (unaudited)

Table of Contents

Page No.

Financial Statements (Unaudited)

Consolidated Balance Sheets

3

Consolidated Statements of Operations

4

Consolidated Statements of Stockholders' Deficit

5

Consolidated Statements of Cash Flows

6

Notes to Consolidated Financial Statements

7 - 12

ASSETS

Current Assets

2nd Quarter, 2022

Cash

$ 6,227

Accounts receivable

-

Inventory

7,520

Prepaid expenses and other

10,000

Total current assets

23,747

Net property and equipment

-

Intangible assets

Acquisition assets

188,664

Joint venture assets

60,000

Total assets

$

272,411

Current liabilities

Accounts payable

$

319,759

Accrued interest

22,565

Current portion of long-term debt

17,500

Total current liabilities

359,824

Long-term debt, net of current portion

62,798

Total liabilities

422,622

Shareholders' deficit

Common stock

15,704

Additional paid-in capital

2,487,736

Treasury stock

(46,781)

Accumulated deficit

(2,606,870)

Total shareholder's deficit

(150,211)

Total liabilities and shareholders' deficit

$

272,411

2nd Quarter, 2022

Sales

$

0

Cost of goods sold

0

Gross profit

0

Operating expenses

Consulting fees

30,000

Professional fees

750

Interest expense

2,435

General and administrative

2,209

Total operating expenses

35,394

Net loss

$

(35,394)

Additional

Cost of

Total

Common

Paid-in

Treasury

Accumulated Shareholders'

Stock

Capital

Stock

Deficit

Deficit

Balance at

December 31, 2020

$

13,729

$

2,353,428

$ (46,781)

$ (2,467,666)

$ (147,290)

Net loss

-

-

-

(66,028)

(66,028)

Rounding

-

-

-

-

-

Balance at

December 31, 2021

$

13,729

$

2,353,428

$ (46,781)

$ (2,533,694)

$ (213,318)

Net loss

-

-

-

(73,176)

(73,176)

Issuance of

Stock

$

1,975

$

134,308

-

-

$136,283

Balance at

June 30, 2022

$

15,704

$

2,487,736

$ (46,781)

$ (2,606,870)

$ (150,211)