ID Global : FS June 30 2022

Consolidated Balance Sheets

3

Consolidated Statements of Operations

4

Consolidated Statements of Stockholders' Equity

5

Consolidated Statements of Cash Flows

6

Notes to Consolidated Financial Statements

7 - 18

IDGLOBAL CORP.

UNAUDITED CONSOLIDATED BALANCE SHEETS

Assets:

June 30, 2022

December 31, 2021

Cash and cash equivalents

$

47,174

$

98,014

Accounts receivable net

216,856

206,623

Total current assets

264,030

304,637

Related party loans receivable

29,091

26,591

Notes receivable

157,096

149,096

Purchased technology

4,224,462

4,224,462

Patents

256,911

267,765

Total assets

$

4,931,590

$

4,972,551

Liabilities and Stockholders' Equity

Current liabilites:

Accounts payable

$

612,271

$

612,193

Accrued expenses

817,544

830,882

Derivative liability

202,667

394,676

Deferred revenue

67,742

59,614

Interest payable

171,388

151,434

Related party debt

88,692

103,637

Notes payable

387,330

387,330

Convertible notes payable

644,501

841,079

Total current liabilities

2,992,135

3,380,845

Commitments and contingencies

-

-

Stockholders' equity

Series A Preferred stock, $.00001 par value; 300,000,000 shares

authorized, 190,000,000 issued and outstanding

1,900

1,900

Series B Preferred stock, $.00001 par value; 100,000,000 shares

authorized, 3,850,000 and 7,700,000 issued and outstanding

38

38

Series C Preferred stock, $.00001 par value; 10,000,000 shares

authorized, 2,801,600 issued and outstanding

28

29

Common stock, $.00001 par value; 25,000,000,000 shares authorized,

19,277,912,146 shares issued and outstanding

243,916

192,779

Capital in excess of par value

14,625,529

13,995,175

Accumulated deficit

(12,979,072)

(12,648,404)

Total IDGlobal Corp. stockholders' equity

1,892,339

1,541,517

Noncontrolling interest in subsidiary

47,116

50,189

Total stockholders' equity

1,939,455

1,591,706

Total liabilities and stockholders' equity

$

4,931,590

$

4,972,551

Six Months Ended

Six Months Ended

Three Months Ended

Three Months Ended

June 30, 2022

June 30, 2021

June 30, 2022

June 30, 2021

Revenues

$

123,336

$

314,066

$

66,922

$

228,740

Costs of services

54,892

58,664

27,421

30,200

Gross profit

68,444

255,402

39,501

198,540

Costs and expenses:

Consulting fees

70,001

600,000

51,346

600,000

General and administrative costs

127,327

89,393

78,674

50,743

Total costs and expenses

197,328

689,393

130,020

650,743

Operating income (loss)

(128,884)

(433,991)

(90,519)

(452,203)

Other income (expense):

Interest expense

(29,910)

(27,932)

(15,881)

(13,511)

Interest income

8,000

8,005

4,000

4,000

Loss on debt conversions

(374,956)

-

(374,956)

-

Change in value of derivative liability

192,009

(163,075)

74,287

(59,499)

Total other income (expense)

(204,857)

(183,002)

(312,550)

(69,010)

Net income (loss) before taxes

(333,741)

(616,993)

(403,069)

(521,213)

Income taxes

-

-

-

-

Net income (loss)

(333,741)

(616,993)

(403,069)

(521,213)

Loss (income) from noncontrolling interest

3,073

(69,257)

3,363

(53,916)

Net income (loss) attributable to IDGlobal Corp.

$

(330,668)

$

(686,250)

$

(399,706)

$

(575,129)

Basic earnings (loss) per share

$

(0.00)

$

(0.00)

$

(0.00)

$

(0.00)

Diluted earnings (loss) per share

$

(0.00)

$

(0.00)

$

(0.00)

$

(0.00)

Weighted average number of common shares outstanding:

Basic

20,027,952,724

23,042,527,373

20,777,993,302

23,639,914,430

Diluted

20,027,952,724

23,042,527,373

20,777,993,302

23,639,914,430

Capital in

Common Stock

Preferred Stock

Excess of

Accumulated

Noncontrolling

Total

Shares

Amount

Shares

Amount

Par Vlaue

Deficit

Interest

Equity

Balance, December 31, 2019

20,419,584,760

204,196

200,551,600

2,006

13,158,719

(11,396,895)

(2,736)

1,965,290

Common stock compensation

2,000,000,000

20,000

-

-

180,000

-

-

200,000

Net loss year ended December 31, 2020

-

-

-

-

-

(260,876)

(145)

(261,021)

Balance, December 31, 2020

22,419,584,760

224,196

200,551,600

2,006

13,338,719

(11,657,771)

(2,881)

1,904,269

Sale of shares of common stock

1,150,000,000

11,500

-

-

103,500

-

-

115,000

Net loss Q1 2021

-

-

-

-

-

(111,121)

15,341

(95,780)

Balance, March 31, 2021

23,569,584,760

235,696

200,551,600

2,006

13,442,219

(11,768,892)

12,460

1,923,489

Common stock compensation

600,000,000

6,000

-

-

594,000

-

-

600,000

Net loss Q2 2021

-

-

-

-

-

(575,129)

53,916

(521,213)

Balance, June 30, 2021

24,169,584,760

241,696

200,551,600

2,006

14,036,219

(12,344,021)

66,376

2,002,276

Net loss Q3 2021

-

-

-

-

-

(9,955)

7,077

(2,878)

Balance, September 30, 2021

24,169,584,760

241,696

200,551,600

2,006

14,036,219

(12,353,976)

73,453

1,999,398

Reversal of debt conversion

(1,200,000,000)

(12,000)

-

-

(78,000)

-

-

(90,000)

Cancelation of stock

(3,691,672,614)

(36,917)

(3,850,000)

(39)

36,956

-

-

-

Net loss Q4 2021

-

-

-

-

-

(294,428)

(23,264)

(317,692)

Balance, December 31, 2021

19,277,912,146

192,779

196,701,600

1,967

13,995,175

(12,648,404)

50,189

1,591,706

Net income, Q1 2022

-

-

-

-

-

69,038

290

69,328

Balance, March 31, 2021

19,277,912,146

192,779

196,701,600

1,967

13,995,175

(12,579,366)

50,479

1,661,034

Sale of common stock

1,500,000,000

15,000

-

-

85,000

-

-

100,000

Conversion of preferred stock

588,235,294

5,882

-

(1)

(5,881)

-

-

-

Common stock issued for debt conversions

3,025,433,600

30,255

-

-

551,235

-

-

581,490

Net loss Q2 2022

-

-

-

-

-

(399,706)

(3,363)

(403,069)

Balance, June 30, 2022

24,391,581,040

$ 243,916

196,701,600

$

1,966

$ 14,625,529

$ (12,979,072)

$

47,116

$ 1,939,455