eWorld Companies, Inc.
(a development stage company)
Balance Sheets
(Unaudited)
ASSETS | March 31, 2022 | December 31, 2021 | ||||||||||
Current Assets: | ||||||||||||
Cash and cash equivalents | $ | 1,596 | $ | 1,656 | ||||||||
Inventory | 2,800 | 2,800 | ||||||||||
Total Current Assets | 4,396 | 4,456 | ||||||||||
Intangible Assets | 2,069,011 | 2,069,011 | ||||||||||
Total Assets | $ | 2,073,407 | $ | 2,073,467 |
LIABILITIES AND STOCKHOLDERS' DEFICIT | |||||||||||||||||||
Current Liabilities: | |||||||||||||||||||
Accrued expenses | $ | 2,607,135 | $ | 2,607,135 | |||||||||||||||
Shares to be issued | 1,230,156 | 1,230,156 | |||||||||||||||||
Loans payable | 1,452,184 | 1,443,784 | |||||||||||||||||
Derivative Liability | - | 5,710,108 | |||||||||||||||||
Convertible note payable | |||||||||||||||||||
98,800 | 98,800 | ||||||||||||||||||
Total Current Liabilities | |||||||||||||||||||
5,388,275 | 11,089,983 | ||||||||||||||||||
Long term loan payable | |||||||||||||||||||
127,400 | 127,400 | ||||||||||||||||||
Stockholders' Deficit: | |||||||||||||||||||
Preferred stock, $0.001 par value; 100,000,000 shares authorized; | |||||||||||||||||||
36,528,797 shares issued and outstanding | 36,529 | 36,529 | |||||||||||||||||
Common stock; $0.001 par value; 12,000,000,000 shares authorized; | |||||||||||||||||||
11,021,317,962 shares issued and outstanding | 11,021,318 | 11,021,318 | |||||||||||||||||
Additional paid in capital | 231,779,557 | 231,779,557 | |||||||||||||||||
Accumulated deficit | |||||||||||||||||||
(246,279,672) | (251,981,320) | ||||||||||||||||||
Total Stockholders' Deficit | (3,442,268) | ||||||||||||||||||
(9,143,916) | |||||||||||||||||||
Total Liabilities and Stockholders' Deficit | $ | 2,073,407 | $ | ||||||||||||||||
2,073,467 |
(See accompanying notes to unaudited financial statements)
eWorld Companies, Inc.
(a development stage company)
Statements Of Operations
For The Three Months Ended March 31, 2022 and 2021
(Unaudited)
2022 | 2021 | |||||||||||
Net Revenue | $ | - | $ | - | ||||||||
Cost of Revenue | - | - | ||||||||||
Gross Profit | - | |||||||||||
- | ||||||||||||
Operating Expenses | ||||||||||||
General and administrative expenses | 8,460 | |||||||||||
58,9 | ||||||||||||
19 | ||||||||||||
Consulting expenses | ||||||||||||
Total operating expenses | ||||||||||||
8,460 | 58,9 | |||||||||||
19 | ||||||||||||
Loss From Operations | ||||||||||||
(8,460) | (58,919) | |||||||||||
Other Income | ||||||||||||
Interest expense | - | 784 | ||||||||||
Change in derivative liability | (5,710,108) | 8,094,275 | ||||||||||
Total other expenses | ||||||||||||
(5,710,108) | 8,095,059 | |||||||||||
Net income (loss) | $ | $ | ||||||||||
5,701,648 | (8,153,978) | |||||||||||
Basic & diluted net loss per share | $ | $ | ||||||||||
0.00 | (0.00) | |||||||||||
Weighted average number of shares outstanding- basic & diluted | 11,021,317,962 | 11,021,317,962 |
(See accompanying notes to unaudited financial statements)
eWorld Companies, Inc.
(a development stage company)
Statements Of Cash Flows
For The Three Months Ended March 31, 2022 and 2021
(Unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES | 2022 | 2021 | ||||||
Net loss | $ | 5,701,648 | $ | (8,153,978) | ||||
Adjustments to reconcile net loss to net cash | ||||||||
used in operating activities: | ||||||||
Change in derivative liability | (5,710,108) | 8,094,275 | ||||||
Increase in accrued expenses | - | 784 | ||||||
Expenses paid by lender | 8,400 | |||||||
Net cash used in operating activities | (60) | (58,919) | ||||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
Proceeds from SBA loan | - | 58,800 | ||||||
Net cash flow from financing activities | ||||||||
- | 58,800 | |||||||
Net decrease in cash and cash equivalents | ||||||||
(60) | (119) | |||||||
Cash and cash equivalents, beginning of the period | 1,656 | 1,705 | ||||||
Cash and cash equivalents, end of period | ||||||||
$ | 1,596 | $ | 1,586 | |||||
SUPPLEMENTAL DISCLOSURES: | ||||||||
Cash paid during the period | ||||||||
for: | $ | - | $ | - | ||||
Interest | ||||||||
Taxes | $ | $ | ||||||
- | - | |||||||
(See accompanying notes to unaudited financial statements)
eWo rld Com pani es, Inc.
Stat eme nt Of Cha nges in Stoc khol ders
'
Equi
ty
For
The Peri od End ed Mar ch 31, 2022 (Una udit ed)
Addit | Total | |||||||||||||||||
ional | ||||||||||||||||||
Comm | Preferred Stock | Paid- | Accu | Stock | ||||||||||||||
Sh | on | Amou | Shares | in | mulat | holde | ||||||||||||
are | Stock | nt | Amount | Capit | ed | rs' | ||||||||||||
s | ||||||||||||||||||
al | Defici | Defici | ||||||||||||||||
t | t | |||||||||||||||||
Balance as of December 31, 2020 | 11,021,317,962 | 11,021,318 | 36,528,797 | 36,529 | ||||||||||||||
231,779,557 | (246,048,465) | (11,251,952) | ||||||||||||||||
Net loss for the year ended December 31, 2021 | - | - | - | - | - | |||||||||||||
(5,932,855) | (5,932,855) | |||||||||||||||||
Balance as of December 31, 2021 | 11,021,317,962 | 11,021,318 | 36,528,797 | 36,529 | ||||||||||||||
231,779,557 | (251,981,320) | (17,184,807) | ||||||||||||||||
Net lincome for the three months ended March 31, 2022 | - | - | - | - | - | |||||||||||||
5,701,648 | 5,701,648 | |||||||||||||||||
Balance as of March 31, 2022 | 11,021,317,962 | $ | 11,021,318 | 36,528,797 | $ | 36,529 | $ | |||||||||||
231,779,557 | $ | (246,279,672) | $ | (11,483,159) |
(See accompanying notes to unaudited financial statements)
(See accompanying notes to unaudited financial statements)
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eWorld Companies Inc. published this content on 21 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2022 18:23:03 UTC.