EWorld : Unaudited financial statements

eWorld Companies, Inc.

(a development stage company) Balance Sheets

(Unaudited)

ASSETS		December 31, 2021		December 31, 2020
Current Assets:
Cash and cash equivalents	$	1,656	$	1,705
Inventory		2,800		2,800
Total Current Assets		4,456		4,505
Intangible Assets		2,069,011		2,069,011
Total Assets	$	2,073,467	$	2,073,516
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities:
Accrued expenses	$	2,607,135	$	2,483,237
Shares to be issued		1,230,156		1,230,156
Loans payable		1,443,784		1,443,784
Derivative Liability		5,710,108		-
Convertible note payable		98,800		-
Total Current Liabilities		11,089,983		5,157,177
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		(251,981,320)		(246,048,465)
Total Stockholders' Deficit		(9,143,916)		(3,211,061)
Total Liabilities and Stockholders' Deficit	$	2,073,467	$	2,073,516

eWorld Companies, Inc.

(a development stage company)

Statements Of Operations

For The Years Ended December 31, 2021 and 2020

(Unaudited)

		2021		2020
Net Revenue	$	-	$	-
Cost of Revenue		-		-
Gross Profit		-		-
Operating Expenses
General and administrative expenses		98,787		107,255
Consulting expenses		122,000		132,300
Total operating expenses		220,787		239,555
Loss From Operations		(220,787)		(239,555)
Other Expense
Interest expense		1,960		-
Loss on issuance of derivative		5,710,108		-
Total other expenses		5,712,068		-
Net loss	$	(5,932,855)	$	(239,555)
Basic & diluted net loss per share	$	(0.00)	$	(0.00)
Weighted average number of shares outstanding- basic & diluted		11,021,317,962		11,021,317,191

eWorld Companies, Inc.

(a development stage company)

Statements Of Cash Flows

For The Years Ended Dexember 31, 2021 and 2020

(Unaudited)

CASH FLOWS FROM OPERATING ACTIVITIES		2021		2020
Net loss	$	(5,932,855)	$	(239,555)
Adjustments to reconcile net loss to net cash
used in operating activities:
Loss on issuance of derivative		5,710,108		-
Increase in accrued expenses		123,898		112,684
Net cash used in operating activities		(98,849)		(126,871)
CASH FLOWS FROM INVESTING ACTIVITIES
Cash from acquisition of entity		-		973
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from convertible note payable		98,800		-
Proceeds from SBA loan		-		127,400
Net cash flow from financing activities		98,800		127,400
Net decrease in cash and cash equivalents
	(49)		1,502
Cash and cash equivalents, beginning of the period		1,705		203
Cash and cash equivalents, end of period	$	1,656	$	1,705
SUPPLEMENTAL DISCLOSURES:
Cash paid during the period for:
Interest	$	-	$	-
Taxes
$	-	$	-
NON CASH INVESTING AND FINANCING ACTIVITIES
Shares to be issued for acquisition of entity	$	-	$	806,087

eWorld Companies, Inc.

Statement Of Changes in Stockholders' Equity

For The Year Ended December 31, 2021

(Unaudited)

										Additional				Total
	Common Stock			Preferred Stock		Paid-in		Accumulated		Stockholders'
	Shares			Amount		Shares		Amount		Capital		Deficit		Deficit
Balance as of December 31, 2020	11,021,317,962			11,021,318	36,528,797		36,529		231,779,557		(246,048,465)		(3,337,529)
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)	$	(9,270,384)

e-World Companies, Inc.

Notes to Financial Statements for the periods ended December 31, 2021.

Note 1. Organization, History and Business

e-World Companies, Inc. (the "Company") was incorporated in the State of Nevada on November 4, 1998 under the name of PacificTradingPost.com. Effective November 2001, the Company name was changed to IDC Technologies, Inc. Effective August 2003, the Company changed its name to Jill Kelly Production Holdings, Inc. Finally, in March 2007, the Company changed its name to that of its then subsidiary, eWorld Companies, Inc. (which had been incorporated in the State of Nevada ON May 9, 2006. The Company is a development stage company, as defined by Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 915, Development Stage Entities.

On February 9, 2020, the Company entered into an agreement for the Sale and Purchase of Ownership Interests with Angelini Trading Company and its owners (the "Agreement"). The Agreement was amended on September 7, 2020. Pursuant to the Agreement, the owners of Angeleni Trading Company (Christina Angelini, Miroslaw K. Gorny, and Ronald Touchard, are to receive 4,000,000,000 restricted shares of Company common stock (all of which are being transferred to them by Henning Danilo Morales in his capacity as Trust of the Carbuccia Family Trust) and 69,000,000 restricted shares, or 69% of the authorized shares of Company Series C Preferred Stock (with 8,705,464 shares being transferred by Henning Danilo Morales in his individual capacity or as Trustee of the Carbuccia Family Trust and 60,294,536 shares being newly-issued by the Company). All of the shares, both Common and Series C Preferred, being transferred to the owners of Angelini by Mr. Morales are currently being held in escrow and such shares, together with the newly issued Series C Preferred from the Company, are expected to be issued in their respective names in the near future.

On April 9, 2018, Henning Danilo Morales resigned as the Company's sole director, President, Chief Executive office, Secretary and Treasurer and Pablo Gallardo was elected to those positions. On September 12, 2018, Mirolsaw K. Gorny was elected President of the Company.

In management's opinion, all adjustments necessary for a fair statement of the results for the presented periods have been made. All adjustments made were of a normal recurring nature.

GOING CONCERN

The accompanying financial statements have been prepared on a going concern basis, which implies the Company will continue to meet its obligations and continue its operations for the next fiscal year. Currently, the Company has no operating history since 2015 until the acquisition of Angelini Trading Company in late 2020 and has incurred net operating losses, and as of December 31, 2021 has an accumulated deficit of $251,981,320. Realization value may be substantially different from carrying values as shown and these financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The continuation of e-World Companies, Inc. as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. These factors raise substantial doubt regarding the

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