Financial Statements
NuVim, Inc.
For the Period Ended June 30, 2022
NuVim, Inc,
Condensed Balance Sheets (unaudited)
June 30, 2022 | December 31, 2021 | |||||
ASSETS | ||||||
Current assets: | ||||||
Cash and cash equivalents | $ | 9,629 | $ | 4,654 | ||
Prepaid | 5,500 | 2,750 | ||||
Total current assets | 15,129 | 7,404 | ||||
Total assets | $ | 15,129 | $ | 7,404 | ||
LIABILITIES & MEMBERS EQUITY | ||||||
Current liabilities: | ||||||
Accrued expenses | $ | 1,050 | $ | - | ||
Notes payable - current portion | - | 30,987 | ||||
Rescinded series B offering payable | - | 18,920 | ||||
Total current liabilities | 1,050 | 49,907 | ||||
Commitments & contingencies | - | - | ||||
Notes payable | 31,284 | 148,070 | ||||
Total liabilities | 32,334 | 197,977 | ||||
Stockholders' Deficit: | ||||||
Common Stock, 120,000,000 shares authorized, | ||||||
$.00001 par value, 104,914,821 shares issued and | ||||||
outstanding at June 30, 2022 and 98,956,639 | ||||||
outstanding at December 31, 2021 and 98,956,639 | 1,049 | 990 | ||||
Additional paid-in capital | 24,861,923 | 24,691,992 | ||||
Common stock subscription | 13,500 | - | ||||
Accumulated deficit | (24,893,677) | (24,883,555) | ||||
Total stockholders' deficit | (17,205) | (190,573) | ||||
Total liabilities and stockholders' deficit | $ | 15,129 | $ | 7,404 | ||
See the accompanying notes to the unaudited financial statements
NuVim, Inc,
Condensed Statement of Operations (unaudited)
Three months ended June 30, | Six months ended June 30, | ||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||
Gross sales | $ | 200 | $ | 200 | $ | 450 | $ | 430 | |||
Gross profit | 200 | 200 | 450 | 430 | |||||||
Selling, general and administrative expenses | 3,913 | 8,332 | 10,275 | 12,057 | |||||||
Loss from operations | (3,713) | (8,132) | (9,825) | (11,627) | |||||||
Other income (expense) | |||||||||||
Interest expense | (149) | (150) | (297) | (301) | |||||||
Total other income (expense) | (149) | (150) | (297) | (301) | |||||||
Net loss before income tax | (3,862) | (8,282) | (10,122) | (11,928) | |||||||
Income taxes (benefit) | - | - | - | - | |||||||
Net loss | $ | (3,862) | $ | (8,282) | $ | (10,122) | $ | (11,928) | |||
Basic and diluted loss per share | 0.00 | 0.00 | 0.00 | 0.00 | |||||||
Weighted average number of common shares | 101,972,513 | 98,039,512 | 102,778,287 | 98,039,512 | |||||||
outstanding - basic and diluted | |||||||||||
See the accompanying notes to the unaudited financial statements
NuVim, Inc,
Condensed Statement of Stockholders' Deficit (unaudited)
Three Months Ended June 30, 2022 and June 30, 2021
Common Stock | Additional Paid | Common Stock | Accumulated | |||||||||||||
Shares | Amount | in Capital | Subscription | Deficit | Total | |||||||||||
Balance, March 31, 2022 | 101,914,821 | $ | 1,019 | $ | 24,858,953 | $ | - | $ | (24,889,815) | $ | (29,843) | |||||
Proceeds from sale of common stock | 3,000,000 | 30 | 2,970 | - | - | 3,000 | ||||||||||
Subscription received from sale of common stock | - | - | - | 13,500 | - | 13,500 | ||||||||||
Net Loss | - | - | - | - | (3,862) | (3,862) | ||||||||||
Balance, June 30, 2022 | 104,914,821 | $ | 1,049 | $ | 24,861,923 | $ | 13,500 | $ | (24,893,677) | $ | (17,205) | |||||
Common Stock | Additional Paid | Common Stock | Accumulated | |||||||||||||
Shares | Amount | in Capital | Subscription | Deficit | Total | |||||||||||
Balance, March 31, 2021 | 97,956,639 | $ | 980 | $ | 24,674,502 | $ | - | $ | (24,865,400) | $ | (189,918) | |||||
Proceeds from sale of common stock | 1,000,000 | 10 | 17,490 | - | - | 17,500 | ||||||||||
Net Loss | - | - | - | - | (8,282) | (8,282) | ||||||||||
Balance, June 30, 2021 | 98,956,639 | $ | 990 | $ | 24,691,992 | $ | - | $ | (24,873,682) | $ | (180,700) |
See the accompanying notes to the unaudited condensed financial statements
NuVim, Inc,
Condensed Statement of Stockholders' Deficit (unaudited)
Six months ended June 30, 2022 and 2021
Common Stock | Additional Paid | Common Stock | Accumulated | |||||||||||||
Shares | Amount | in Capital | Subscription | Deficit | Total | |||||||||||
Balance, December 31, 2021 | 98,956,639 | $ | 990 | $ | 24,691,992 | - | $ | (24,883,555) | $ | (190,573) | ||||||
Common stock issued for conversion of debt | 2,940,000 | 29 | 148,041 | - | - | 148,070 | ||||||||||
Common stock issued for conversion of rescinded series B | 18,182 | - | 18,920 | - | - | 18,920 | ||||||||||
Proceeds from sale of common stock | 3,000,000 | 30 | 2,970 | - | - | 3,000 | ||||||||||
Subscription received from sale of common stock | - | - | - | 13,500 | - | 13,500 | ||||||||||
Net Loss | - | - | - | - | (10,122) | (10,122) | ||||||||||
Balance, June 30, 2022 | 104,914,821 | $ | 1,049 | $ | 24,861,923 | $ | 13,500 | $ | (24,893,677) | $ | (17,205) | |||||
Common Stock | Additional Paid | Common Stock | Accumulated | |||||||||||||
Shares | Amount | in Capital | Subscription | Deficit | Total | |||||||||||
Balance, December 31, 2020 | 97,956,639 | $ | 980 | $ | 24,674,502 | - | $ | (24,861,753) | $ | (186,271) | ||||||
Proceeds from sale of common stock | 1,000,000 | 10 | 17,490 | - | - | 17,500 | ||||||||||
Net Loss | - | - | - | - | (11,928) | (11,928) | ||||||||||
Balance, June 30, 2021 | 98,956,639 | $ | 990 | $ | 24,691,992 | - | $ | (24,873,681) | $ | (180,699) |
See the accompanying notes to the unaudited financial statements
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
NuVim Inc. published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 14:44:09 UTC.