Flowery Gold Mines : Ending 9-30-2021 FGMC Unaudited Financials signed

The Flowery Gold Mines Company of Nevada

Table of Contents

September 30, 2021

Page

Consolidated Financial Statements
∙ Consolidated Balance Sheets	1
∙ Consolidated Statements of Income (Loss)	2
∙ Consolidated Statements of Stockholders' Equity	3
∙ Consolidated Statements of Cash Flows	4
∙ Notes to Consolidated Financial Statements	5

The Flowery Gold Mines Company of Nevada

Consolidated Balance Sheets

September 30, 2021 and 2020 (Unaudited)

Assets		2021			2020
Current Assets
Cash	$	630,648	$	17,803
Prepaid expense		-			2,303
Total Current Assets		630,648			20,106
Net Property, Plant and Equipment		25,417			45,695
Other Assets
Equity investments		492,660			456,078
Investment in gold at cost		5,717			5,717
Deposits		50			50
Total Other Assets		498,427			461,845
Total Assets	$	1,154,492	$	527,646
Liabilities and Stockholders' Equity
Current Liabilities
Accounts payable	$	1,000	$	-
Income taxes payable		154,762			-
Deferred revenue		-			1,000
Total Current Liabilities		155,762			1,000
Noncurrent Liabilities
Deferred income taxes		42,007			33,390
Total Noncurrent Liabilities		42,007			33,390
Total Liabilities		197,769			34,390
Stockholders' Equity
Common stock, par value $0.10; 10,000,000 shares authorized,
7,733,523 shares issued, and 7,591,533 shares outstanding		773,352			773,352
Paid-in capital		51,798			51,798
Stock discount		(325,153)			(325,153)
Treasury stock at cost, 141,990 shares		(4,681)			(4,681)
Retained Earnings (Accumulated deficit)		461,407			(2,060)
Total Stockholders' Equity		956,723			493,256
Total Liabilities and Stockholders' Equity	$	1,154,492	$	527,646

The accompanying notes are an integral part of these financial statements.

- 1 -

The Flowery Gold Mines Company of Nevada Consolidated Statements of Income (Loss)

For the Years Ended September 30, 2021, 2020, and 2019 (Unaudited)

Revenue		2021			2020			2019
Rents	$	10,000	$	12,000	$	12,000
Stock maintenance fees		3,000			2,500			2,500
Stock transfer fees		-			100			-
Total Revenue		13,000			14,600			14,500
Operating and General Expense
Fees and licenses		9,570			924			927
Building maintenance and utilities		5,190			5,436			8,886
Legal and accounting		5,488			5,346			5,245
Property taxes		2,318			2,272			2,173
Insurance		2,303			2,288			2,154
Office expenses		2,160			1,837			2,935
Telephone		1,499			1,604			1,544
Depreciation		1,033			1,276			3,917
Water		713			938			937
Miscellaneous		500			-			78
Total Operating and General Expense		30,774			21,921			28,796
Operating Loss		(17,774)			(7,321)			(14,296)
Other Income (Loss)
Royalties		9,463			10,952			13,361
Unrealized gains (losses) on equity securities		36,582			(40,988)			(17,400)
Gain on asset disposals		597,230			-			-
Total Other Income (Loss)		643,275			(30,036)			(4,039)
Loss Before Taxes		625,501			(37,357)			(18,335)
Income Tax (Provision) Benefit		(162,034)			6,727			3,232
Net Income (Loss)	$	463,467		$	(30,630)		$	(15,103)
Earnings (Loss) Per Share	$	0.0611	$	(0.0040)	$	(0.0020)

The accompanying notes are an integral part of these financial statements.

- 2 -

The Flowery Gold Mines Company of Nevada Consolidated Statements of Stockholders' Equity

For the Years Ended September 30, 2021, 2020, and 2019 (Unaudited)

		2021			2020			2019
Capital Stock
$0.10 par value; 10,000,000 shares authorized,
7,733,523 shares issued; and 7,591,533
shares outstanding	$	773,352	$	773,352	$	773,352
Paid-in Capital		51,798			51,798			51,798
Stock Discount		(325,153)			(325,153)			(325,153)
Treasury Stock		(4,681)			(4,681)			(4,681)
Retained Earnings (Accumulated Deficit)
Balance at beginning of year		(2,060)			28,570			(102,697)
Reclassification under ASU 2016-01		-			-			146,370
Net income (loss)		463,467			(30,630)			(15,103)
Balance at end of year		461,407			(2,060)			28,570
Accumulated Other Comprehensive Income
Balance at beginning of year		-			-			146,370
Reclassification under ASU 2016-01		-			-			(146,370)
Balance at end of year		-			-			-
Total Stockholders' Equity	$	956,723	$	493,256	$	523,886

The accompanying notes are an integral part of these financial statements.

- 3 -