Cirmaker Technology : Financial

Cirmaker Technology Corporation

Consolidated Balance Sheet

As at March 31, 2022 (Unaudited)

	Notes
ASSETS
Current Assets
Cash and cash equivalents	4
Harmonized sales tax recoverable	5
Due from related companies	6
Total Current Assets
Equipment	7
Total Assets
STOCKHOLDERS' EQUITY & LIABILITIES
Current Liablities
Income taxes payable
Trade and other payables	9

Accrued management salaries

Total Current Liabilities

Long term liabilities

Total Liabilities

SHAREHOLDER'S EQUITY

Preferred A Stock, $.001 par value (50,000,000 Issued shares authorized)

Common stock, $.001 par value (150,000,000 Issued shares authorized)

Accumulated deficit

Total Shareholders' Equity

Total Liabilities and Equity

As at March 31,		As at December 31,
2022 (Unaudited)		2021 (Unaudited)
($)	($)
-	23,282
23,282
-	-
23,282	23,282
105,022	105,022
128,304	128,304

16,022

130,76922,830

23,91423,914

170,70562,766

--

170,70562,766

1,0001,000

26,39326,393

38,14538,145

65,538563,096

236,243659,594

Cirmaker Technology Corporation Consolidated Statement of Operations For the quarter ended March 31, 2022

REVENUE

COST OF SALES

GROSS PROFIT

OPERATING EXPENSES

Selling, general and administrative expense

TOTAL OPERATING EXPENSES

OPERATING PROFIT / (LOSS)

OTHER INCOME / (EXPENSE)

Other income

Interest expense

Impairment loss

PROFIT / (LOSS) BEFORE TAX

Taxes

NET PROFIT / (LOSS)

For the quarter ended March 31, 2022

---- $ ----

-

(4,900) (4,900)

11,675

11,675

16,575

-

(1,838)

(443,800)

(497,558)

-

(497,558)

Cirmaker Technology Corporation
Statement	of	Shareholders'	Equity
As at March 31, 2022 (Unaudited)
				Series A - Preferred Stock		Common Stock		Accumulated Profit
				Shares	Par		Shares		Par	/ (Deficit)
As at March 31, 2022 (Unaudited)	1,000,000		1,000	26,393,443		26,393	535,703
Series B - preferred stock issued during the year			-		-	-
Profit / (loss) for the period								(497,558)
As at March 31, 2022 (Unaudited)
	1,000,000		1,000	26,393,443		26,393	38,145

Total

563,096

-

(497,558)

65,538

Cirmaker Technology Corporation

Statement of cashflows

As at March 31, 2022 (Unaudited)

Cash flow from operating activities	2021
(Loss) / profit before income tax	(497,558)
Adjustment for non cash charges and other items	443,800
Changes in operating assets	(53,758)
Decrease / (increase) in sales tax receivable
-
(Decrease) / increase in trade payables	(130,769)
(Decrease) / increase in accrued management expenses	(23,914)
(Decrease) / increase in income taxes payable	-
Decrease / (increase) in due from related parties	-
	(154,683)
Cash flow from operating activities	(99,322)
Cash flow from investing activities
Additions / disposal in fixed assets
(50,000)
Additions in investments	-
Cash flow from / (used) in investing activities	(50,000)
Cash flow from financing activities
Increase / (decrease) in long term debts	(443,800)
Issuance of share capital	-
Issuance / (Buy back) of shares	-
Cash flow from financing activities
(443,800)
Increase/(decrease) in cash and cash equivalents	(697,805)
Cash and cash equivalents at beginning of the year	(697,805)
Cash and cash equivalents at end of the year
-

Cirmaker Technology Corporation

Notes to the Financial Statements

For the quarter ended March 31, 2022

1. LEGAL STATUS AND OPERATIONS
   Cirmaker Technology Corporation, a Nevada corporation (the "Company"), (formerly called Wrestle - Plex Sports Entertainment Group Limited) was incorporated on June 1, 2000. The Company was in the development stage, and operated to provide sports entertainment, specifically in the area of professional wrestling. In 2002, the Company discontinued its operations and devoted all of its efforts toward effecting a business combination with an operating entity.
   On December 3, 2002, the Company entered into a stock purchase agreement which was later amended (as so amended, the "Purchase Agreement"), with Cirmaker Industry Co., Ltd. ("Cirmaker Taiwan"). Pursuant to the Purchase Agreement, on March 21, 2003 (the "Acquisition Date") the Company acquired approximately 75% of the issued and outstanding capital stock of Cirmaker Taiwan.
   Cirmaker Taiwan was incorporated under the Company Law of Taiwan, Republic of China ("ROC") on June 18, 1984.
   Cirmaker Taiwan is in the business of manufacturing a wide variety of electronic parts and components for sales primarily in the Asian markets. Its products include digital TV receivers (set top boxes), computer heat dispersion systems, electronic terminals, and various other electronic parts and accessories. The Company also imports and exports computer chips and various electronic products.
2. BASIS OF PREPARATION

1. Statement of compliance
   The accompanying financial statements have been prepared 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.
2. 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.
3. Going concern
   The accompanying financial statements have been prepared assuming that the Company will continue as a going concern no adjustments have been made for any other outcome.
   The ability of the Company to continue as a going concern is dependent on the Company's ability to raise additional capital and expand its business and to satisfy current delinquent debt. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The Company anticipates raising additional working capital through the issuance of debt and equity securities.
   Management believes that actions presently being taken to obtain additional funding provide the Company the opportunity to operate as a going concern.