CarbonMeta Technologies : Quarterly Report Statement for the Period Ending 06/30/2022

QUARTERLY REPORT

for the Period Ended

June 30, 2022

CARBONMETA

TECHNOLOGIES,

INC.

(EXACT NAME OF THE COMPANY AS

SPECIFIED IN ITS CHARTER)

Delaware	95-4868120
(State or Other Jurisdiction	(I.R.S. Employer
of Incorporation)	Identification No.)

13110 NE 177th Place, #145

Woodinville, WA 98072

(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

[phone]

(ISSUER REGISTRANT TELEPHONE NUMBER)

COMMON STOCK, PAR VALUE $0.0001

(TITLE OF CLASS)

Number of shares of common stock ($0.0001 par value) outstanding as of August 22, 2022: 18,962,886,254 shares.

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	INDEX
	PART I
Item 1.	Condensed Consolidated Financial Statements
	Condensed Consolidated Balance Sheets at June 30, 2022 (Unaudited) and December 31,
	2021	3
	Unaudited Condensed Consolidated Statements of Operations for the three and six months
	ended June 30, 2022 and 2021	5
	Unaudited Condensed Consolidated Statements of Stockholders' Deficit for the three and
	six months ended June 30, 2022 and 2021	6
	Unaudited Condensed Consolidated Statements of Cash Flows for the six months ended
	June 30, 2022 and 2021	8
	Notes to Unaudited Condensed Consolidated Financial Statements	9-33
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	34
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	38
Item 4.	Controls and Procedures	38
	PART II
Item 1.	Legal Proceedings	39
Item 1A.	Risk Factors	39
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	39
Item 3.	Defaults Upon Senior Securities	40
Item 4.	Mine Safety Disclosures	40
Item 5.	Other Information	40
SIGNATURES	41

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CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets
				June 30,		December 31,
				2022			2021
				(Unaudited)			(Unaudited)
ASSETS
CURRENT ASSETS:
Cash			$	7,939		$	10,573
Accounts receivable, net		40,744			-
Inventory, net				3,157			-
Prepaid expenses				1,389			30,000
Total Current Assets				53,229			40,573
Property and equipment, net				36,718			44,420
Other licenses, net		151,469			74,653
TOTAL ASSETS			$	241,416		$	159,646
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES:
Accounts payable and accrued expenses			$	10,839,145		$	10,641,864
Obligations collateralized by receivables, net		120,142			206,236
Convertible debt, net				2,033,017			1,987,425
Notes payable		124,873			127,873
Notes payable - related parties				-			199,415
Small Business Administration loan		979,950			979,950
Derivative liability				17,756,391			11,904,070
Total Current Liabilities			32,139,027			26,046,833
TOTAL LIABILITIES				32,139,027			26,046,833
Commitments and contingencies				-			-
STOCKHOLDERS' DEFICIT:
Redeemable convertible preferred stock, Series A, $0.001 par value,
125,000 shares authorized, 0 shares issued and outstanding		-			-
Redeemable convertible preferred stock, Series B, $0.001 par value,
525,000 shares authorized, 159,666 shares issued and outstanding				160			160
Redeemable convertible preferred stock, Series C, $0.001 par value,
500,000 shares authorized, 0 shares issued and outstanding		-			-
Redeemable convertible preferred stock, Series D, $0.001 par value,
500,000 shares authorized, 100,000 shares issued and outstanding				100			100
Redeemable convertible preferred stock, Series E, $0.001 par value,
1,000,000 shares authorized, 821,377 and 791,567 shares issued and
outstanding, respectively		821			791

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Redeemable convertible preferred stock, Series F, $0.001 par value,
500,000 shares authorized, 190,000 and 180,000 shares issued and
outstanding, respectively			190				180
Redeemable convertible preferred stock, Series G, $0.001 par value,
500,000 shares authorized, 25,000 shares issued and outstanding	25				25
Common stock; 35,000,000,000 and 35,000,000,000 shares authorized at
$0.0001 par value, 18,687,886,254 and 19,592,057,165 shares issued,
respectively; and 18,499,,705,254 and 17,403,876,165 shares issued,
respectively			1,868,789				1,759,206
Additional paid-in capital	37,399,569				36,775,786
Treasury stock; 188,181,000 shares of common stock			(18,997)				(18,997)
Accumulated other comprehensive income	9,393				-
Accumulated deficit			(71,157,661)				(64,404,388)
TOTAL STOCKHOLDERS' DEFICIT			(31,897,611)				(25,887,187)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		$	241,416			$	159,646

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

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CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES

Unaudited Condensed Consolidated Statements of Operations

For the three and six months ended June 30, 2022 and 2021

					For the Three Months		For the Six Months
					Ended June 30,		Ended June 30,
					2022				2021				2022				2021
REVENUES, NET		$	41,335			$	-			$	41,335			$	-
COST OF REVENUE		7,349				-				7,349				-
GROSS PROFIT			33,706				-				33,706				-
OPERATING EXPENSES
Executive Compensation		37,500				37,500				75,000				75,000
Legal & Professional Fees		123,953								168,009
Investor Relations		15,118								35,782
Consulting Fees		6,670								21,891
Sales and marketing		21,244				-				35,427				-
	Research and development			373				-				4,472				-
	Amortization of licenses			6,526				-				14,430				-
	Depreciation of equipment			3,872				-				7,702				-
	General and administrative			(33,527)				-				76,530				-
	TOTAL OPERATING EXPENSES		181,729				37,500				439,243				75,000
PROFIT (LOSS) FROM
OPERATIONS		(148,043)			(37,500)		(405,537)			(75,000)
Other (expense) income:
	Loss from derivative liabilities			(5,284,532	)			(43,675,910)				(5,855,627)				(49,360,801)
	Interest expense, net			(266,181	)			(219,438)				(487,109)				(519,438)
	Uncollectible securities			-				-				-				-
	Gain (loss) on settlement with stock			(2,000)				-				(2,000)				-
	Gain (loss) on extinguishment of debt			(3,000)				-				(3,000)				-
Total other (expense) income			(5,555,713)				(43,895,348)				(6,347,736)				(49,880,221)
INCOME (LOSS) BEFORE INCOME
TAXES		(5,703,736)			(43,932,848)		(6,753,273)			(49,955,221)
Income tax expenses (provision)		-				-				-				-
	Net loss	$	(5,703,736)	$	(43,932,848)	$	(6,753,273)	$	(49,955,221)
		Net loss per common share:
		Basic and diluted net loss per
		common share		$	(0.0003	)		$	(0.0031)			$	(0.0004	)		$	(0.0037)
		Weighted average number of
		common shares outstanding - basic
		and diluted			18,680,401,516				14,204,468,277				18,483,949,031				13,578,434,976

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

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