LIGHT MEDIA HOLDINGS, INC. Light Media Holdings, Inc.
Balance Sheet
as of June 30, 2022
UNAUDITED
ASSETS | ||
Current Assets | ||
Cash | 109,126 | |
Prepaid Expense | 5,836 | |
Total Current Assets | 114,962 | |
Fixed Assets | ||
Equipment | 15,095 | |
Accumulated Depreciation | (5,606) | |
Land-WGFS | 50,000 | |
Total Fixed Assets | 59,489 | |
Other Assets | ||
Media Investment | 74,121 | |
Media and Entertainment Portfolio | 57,975 | |
Total Other Assets | 132,096 | |
TOTAL ASSETS | 306,546 | |
LIABILITIES & EQUITY | ||
Liabilities | ||
Current Liabilities | ||
Accounts Payable | - | |
Total Current Liabilities | - | |
Long Term Liabilities | - | |
Total Long Term Liabilities | - | |
Total Liabilities | - | |
Equity | ||
Opening Bal Equity | 5,161 | |
Stockholder's Equity | 5,647 | |
Additional Paid in Capital | 2,269,057 | |
Shares Outstanding | 55,600,200 | |
Investment in Invaluable Media | 33,000 | |
Retained Earnings | (1,934,982) | |
Net Income | (71,337) | |
Total Equity | 306,546 | |
TOTAL LIABILITIES & EQUITY | 306,546 | |
Light Media Holdings, Inc.
Income Statement
as of June 30, 2022
UNAUDITED
Sales | 35,449 |
Cost of Goods Sold | 4,988 |
Gross Profit | 30,461 |
Communications/IT | 5,503 |
Office Expense | 937 |
Professional Fees | 750 |
Depreciation | 490 |
Media Expense | 16,583 |
Radio Expense | 46,527 |
Selling Expense | 5,000 |
Research & Development | 7,200 |
Cost of Capital | 4,700 |
Travel | |
Taxes & Licenses | |
Operating Expenses | 87,691 |
Income (Loss) before income taxes | (57,230) |
Income Taxes | |
Net Ordinary Income | (57,230) |
Other Income | |
Interest Income | 3 |
Net Income | |
(57,227) | |
Light Media Holdings, Inc.
Statement of Cash Flows
as of June 30, 2022
UNAUDITED
Operating Activities | |
Net Income | (57,227) |
Adjustments to reconcile Net Income to net cash provided by operations:
Inventory | - |
Prepaid Expense | (5,836) |
Accounts Payable | - |
Net cash provided by Operating Activities | (5,836) |
Investing Activities | |
Equipment | - |
Accumulated Depreciation | 490 |
Net cash provided by Investing Activities | 490 |
Financing Activities | |
Short Term Liabilities | - |
Long Term Liabilities | - |
Common Stock Issued | - |
Additional Paid In Capital | - |
Net cash provided by Financing Activities | - |
Net Cash Increase (Decrease) for Period | (62,573) |
Cash at beginning of period | 171,698 |
Cash at end of period | 109,126 |
Light Media Holdings, Inc.
Statement of Changes in Shareholders Equity
as of June 30, 2022
UNAUDITED
Investment | Current Year | Opening | |||||||||||||
Additional Paid In | Invaluable | Net | Balance | Retained | Total Stockholders | ||||||||||
Common Stock | Capital | Media | Income/Loss | Equity | Earnings | Equity | |||||||||
Number of Shares | Amount | ||||||||||||||
Balance March 31, 2022 | |||||||||||||||
55,600,200 | 5,647 | 2,269,056 | 33,000 | $ | (243,280) | $ | 5,161 | $ | (1,934,982) | 363,773 | |||||
Common Stock Issued | |||||||||||||||
Common Stock Acquired | |||||||||||||||
Dividends Declared on Common Stock | |||||||||||||||
Investment In Invaluable Media | |||||||||||||||
Comprehensive Income: | |||||||||||||||
Net Income/(Loss) | $ | (57,227) | $ | (57,227) | |||||||||||
Balance June 30, 2022 | |||||||||||||||
55,600,200 | 5,647 | 2,269,055 | 33,000 | $ | (300,507) | $ | 5,161 | $ | (1,934,982) | 306,546 | |||||
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Disclaimer
Light Media Holdings Inc. published this content on 19 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2022 22:25:07 UTC.
