Innovative Alliance : IHAI Disclosure Statement for period ending 2-28-2022

Innovative Holdings Alliance, Inc. Unaudited Financial Statements

February 28, 2022

Innovative Holdings Alliance, Inc. Index to Unaudited Financial Statements

February 28, 2022

Page Number
Balance Sheet	1
Statement of Operations	2
Statement of Stockholders' (Deficit)	3
Statement of Cash Flows	4
Notes to Financial Statements	5-8

INNOVATIVE HOLDINGS ALLIANCE, INC.

BALANCE SHEET

February 28, 2022

ASSETSCURRENT ASSETS

Cash	$	1,847
Prepaid expenses	249
TOTAL CURRENT ASSETS	2,096
TOTAL ASSETS	$	2,096
LIABILITIES AND STOCKHOLDERS' (DEFICIT)
CURRENT LIABILITIES
Accrued expenses	$	17,741
Note payable	1,500
Due to shareholder	22,904
Convertible notes payable	145,000
TOTAL CURRENT LIABILITIES	187,145
STOCKHOLDERS' (DEFICIT)
Series A Preferred shares, $.001 par value, 500,000 shares authorized;
500 shares issued and outstanding at February 28, 2022	1
Series B Convertible shares, $.001 par value, 500,000 shares authorized;
0 shares issued and outstanding at February 28, 2022	-
Common shares, $.001 par value, 500,000,000 shares authorized,
17,480,427 shares issued and outstanding at February 28, 2022	17,480
Additional paid-in-capital	956,327
Accumulated (deficit)	(1,158,857)
TOTAL STOCKHOLDERS' (DEFICIT)	(185,049)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)	$	2,096
(See accompanying notes to financial statements)
1

INNOVATIVE HOLDINGS ALLIANCE, INC.

STATEMENT OF OPERATIONS

For The Nine Months Ended February 28, 2022

REVENUE	$	-
OPERATING EXPENSES	106,271
(LOSS) FROM OPERATIONS	(106,271)
OTHER (EXPENSES)
Interest Expense	(8,796)
(LOSS) BEFORE PROVISION FOR INCOME TAXES	(115,067)
Provision For Income Taxes	-
NET (LOSS)	$	(115,067)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES:
Basic	17,480,427
Fully Diluted	29,265,353

(See accompanying notes to financial statements)

2

INNOVATIVE HOLDINGS ALLIANCE, INC. STATEMENT OF STOCKHOLDERS' (DEFICIT)For The Nine Months Ended February 28, 2022

Series A Preferred Shares

$.001 Par ValueShares

BALANCES, February 28, 2022

BALANCES, May 31, 2021

Net (loss)

500 - 500

Amount

$

1

-$

1

Series B Preferred Shares

$.001 Par Value Shares AmountCommon Shares

$.001 Par Value Shares Amount

- $ -

- -17,480,427 $

-

-$

-

17,480,427

(See accompanying notes to financial statements)Additional

Paid In Capital

17,480

• $ 956,327

  -

  -$

  17,480

• $ 956,327

Accumulated

(Deficit)Total Stockholders'

(Deficit)

$ (1,043,790) $ (69,982)

(115,067) (115,067)

$ (1,158,857)

$ (185,049)

3