Appliqate Inc.
Balance Sheet
Notes | As of October 31, | As of January 31, | As of April 30, 2022 | As of July 30, 2022 | |
2020 (Unaudited) | 2022 (Unaudited) | (Unaudited) | (Unaudited) | ||
ASSETS | |||||
Current Assets | |||||
Cash and cash equivalents | 4 | 20,766 | 581 | - | |
Other current assets | - | - | - | - | |
Total Current Assets | |||||
20,766 | 581 | - | - | ||
Investments | 5 | 4,532,928 | 4,532,928 | - | - |
Net fixed assets | 6 | - | - | - | - |
Total Assets | |||||
4,553,694 | 4,533,509 | - | - | ||
EQUITY & LIABILITIES | |||||
Current Liablities | |||||
Accounts payable and accrued liabilities | 7 | 86,673 | 55,903 | - | - |
Total Current Liabilities | |||||
86,673 | 55,903 | - | - | ||
Long Term Debt | 8 | 155,785 | 157,050 | - | - |
Total Liabilities | |||||
242,457 | 212,953 | - | - |
SHAREHOLDER'S EQUITY
Preferred stock A; $0.001 par value, 1,000,000 shares authorized
Common stock ($.001 par value, 1,000,000,000 shares authorized)
Additional paid in capital Accumulated deficit
Total Shareholders' Equity
Total Liabilities and Shareholders' Equity
1,000 | 1,000 | ||
534,111 | 534,111 | ||
4,616,444 | 4,616,444 | ||
(840,319) | (830,999) | ||
4,311,236 | 4,320,556 | - | - |
4,553,694 | 4,533,509 | - | - |
(0) | (0) | - | - |
Appliqate Inc.
Statement of Operations
For the Quarter ended Jan 31, 2022
Notes | For the Quarter ended | For the Quarter ended | For the Quarter ended | For the Quarter ended | |
October 31, 2021 | January 31, 2022 | April 30, 2022 | July 31, 2022 | ||
Revenue | - | - | - | ||
Cost of revenue | - | - | - | ||
Gross profit | |||||
- | - | - | - | ||
Operating expenses | 9 | (73,686) | (65,185) | - | - |
Profit / (loss) before other expenses | |||||
(73,686) | (65,185) | - | - | ||
Acquisition Related Expenses (Income) | - | - | - | ||
Interest expense | (1,256) | (1,266) | - | - | |
Loss before income taxes | |||||
(74,942) | (66,451) | - | - | ||
Provision for income taxes | - | - | - | - | |
Net income / (loss) | |||||
(74,942) | (66,451) | - | - | ||
Appliqate Inc.
Statement of cashflows
For the Quarter ended Jan 31, 2022
Cash flow from operating activities
(Loss) / profit before income tax
Adjustment for non cash charges and other items: Amortization
Contribution of wages, rent and consulting fees to capital
Changes in operating assets and / or liabilities
(Decrease) / increase in accounts payable Decrease / (increase) in other current assets
Cash flow from operating activities
Cash flow from investing activities
Additions in investments
Additions in property, plant and equipment
Cash flow from / (used) in investing activities Cash flow from financing activities
Borrowings during / (repaid) the year
Proceeds from issuance of common stock and preferred stock Additional Paid in Capital
Cash flow from financing activities
Increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of the year
Cash and cash equivalents at end of the year
As of October 31, 2020 | As of January 31, 2021 | As of April 30, 2021 | As of July 31, 2021 |
(74,942) | (66,451) | - | - |
- | |||
- | |||
(74,942) | (66,451) | - | - |
(698,010) | 45,000 | ||
- | |||
(698,010) | 45,000 | ||
(772,952) | (21,451) | ||
741,899 | - | ||
- | |||
741,899 | - | ||
1,256 | 1,266 | ||
- | |||
- | |||
1,256 | 1,266 | ||
(29,797) | (20,185) | ||
50,563 | 20,766 | ||
20,766 | 581 | ||
Appliqate Inc.
Statement of Shareholders' Equity
Series A - Preferred Stock | Common Stock | Additonal | Accumulated | Total | ||||
Shares | Par | Shares | Par | Paid in capital | Profit / | |||
As at January 31, 2022 (Unaudited) | Amount is $ | |||||||
1,000,000 | 1,000 | 534,111,000 | 534,111 | 4,616,444 | (830,999) | 4,320,556 | ||
Profit / (loss) for the period | - | - | ||||||
Preferred stock issued | ||||||||
Common stock issued | - | |||||||
Adjustments |
Appliqate Inc.
Notes to the Financial Statements
For the Quarter ended Jan 31, 2022
1. LEGAL STATUS AND OPERATIONS
Appliqate Inc. (The Company) was incorporated in the State of Wyoming on April 29, 2015. The Company is primarily involved in marketing, focusing on text message marketing and loyalty rewards through text marketing. The Company's campaign management business has a SMS expert that assists in the implementation of their marketing campaign, allowing business owners to focus on their business and have an experienced SMS expert run their text marketing campaign.
2. BASIS OF PREPARATION
2.1 Statement of compliance
The accompanying financial statements have been prepared by the Company in conformity with accounting principles generally accepted in the United States of America and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") on a going concern.
Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations. However, the Company believes that the disclosures are adequate to make the information presented not misleading.
-
Accounting Convention
These financial statements have been prepared on the basis of 'historical cost convention using accrual basis of accounting except as otherwise stated in the respective accounting policies notes.
Going concern
The accompanying unaudited financial statements have been prepared on the assumption that the Company will continue as a going concern.However, the Company does not have significant cash or other material assets, nor does it have an established source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. - Critical accounting estimates and judgements
The preparation of financial statements in conformity with the approved accounting standards require management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised if the revision affects only that period, or in the period of the revision and future periods.
The areas involving higher degree of judgment and complexity, or areas where assumptions and estimates made by the management are significant to the financial statements are as follows:
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Appliqate Inc. published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 02:11:08 UTC.