Lendified : Interim financial statements/report - English Aug 2020
July 28, 2022 at 07:36 am
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Lendified Holdings Inc. (formerly, Hampton Bay Capital Inc.)
Condensed Interim Financial Statements For the Three Months Ended March 31, 2020 Unaudited - Prepared by Management (Expressed in Canadian Dollars)
NOTICE OF NO AUDITOR REVIEW OF
CONDENSED INTERIM FINANCIAL STATEMENTS
In accordance with National Instrument 51-102 Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of these condensed interim financial statements they must be accompanied by a notice indicating that these condensed interim financial statements have not been reviewed by an auditor.
The accompanying unaudited condensed interim financial statements of the Company have been prepared by and are the responsibility of the Company's management.
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Lendified Holdings Inc. (formerly, Hampton Bay CapitalInc.)
Condensed Interim Statements of Financial Position Unaudited - Prepared by Management (Expressed in Canadian Dollars)
March 31,
December 31,
2020
2019
$
$
Assets
Current
Cash
844,965
1,078,064
Loan receivable (note 3)
225,080
-
Total Assets
1,070,045
1,078,064
Liabilities
Current
Accounts payable
9,390
9,390
Accrued liabilities
134,419
46,024
Total Liabilities
143,809
55,414
Shareholders' Equity
Share capital (note 4)
1,151,202
1,151,202
Reserves (note 5)
174,741
174,741
Accumulated deficit
(399,707)
(303,293)
Total Shareholders' Equity
926,236
1,022,650
Total Liabilities and Shareholders' Equity
1,070,045
1,078,064
Approved on behalf of the Board:
"Troy Wright" (signed)
"Pratik Bhandari" (signed)
CEO
CFO
The accompanying notes are an integral part of these unaudited condensed interim financial statements.
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Lendified Holdings Inc. (formerly, Hampton Bay CapitalInc.)
Condensed Interim Statements of Loss and Comprehensive Loss Unaudited - Prepared by Management (Expressed in Canadian Dollars)
Three months
Three months
ended March 31,
ended March 31,
2020
2019
$
$
Interest Income
3,421
-
General and Administrative Expenses
General and administrative
20,094
-
Professional fees
76,968
46,351
Listing fees
2,773
15,861
Other expenses
Stock option expense
-
21,952
Net Income/(Loss) and Comprehensive Income/(Loss)
(96,414)
(84,164)
Income/(Loss) Per Common Share - Basic and Diluted
(0.01)
(0.01)
Weighted Average Number of Common Shares
Outstanding - basic and diluted
15,819,500
12,947,561
The accompanying notes are an integral part of these unaudited condensed interim financial statements.
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Lendified Holdings Inc. (formerly, Hampton Bay CapitalInc.)
Condensed Interim Statements of Changes in Equity Unaudited - Prepared by Management (Expressed in Canadian Dollars)
Share Capital
Number of
Amount
Reserves Accumulated
Shareholders'
Deficit
Equity
shares
$
$
$
$
Balance, January 1, 2020
15,819,500
1,151,202
174,741
(303,293)
1,022,650
Issuance of common shares (Note 4)
-
-
-
-
-
Share issuance costs
-
-
-
-
-
Issuance of brokers warrants (Note 5)
-
-
-
-
-
Issuance of stock options (Note 5)
-
-
-
-
-
Net loss for the year
-
-
-
(96,414)
(96,414)
Balance, March 31, 2020
15,819,500
1,151,202
174,741
(399,707)
926,236
Balance, January 1, 2019
8,600,000
553,500
-
(64,343)
489,157
Issuance of common shares (Note 4)
7,219,500
661,255
-
-
661,255
Share issuance costs
-
(1,214)
-
-
(1,214)
Issuance of brokers warrants (Note 5)
1,214
-
1,214
Issuance of stock options (Note 5)
21,952
-
21,952
Net loss for the period
-
-
(84,164)
(84,164)
Balance, March 31, 2019
15,819,500
1,236,707
-
(148,507)
1,088,200
The accompanying notes are an integral part of these unaudited condensed interim financial statements.
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Lendified Holdings Inc. published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 11:35:09 UTC.
Lendified Holdings Inc. is a Canada-based lending company. The Company operates a lending platform, which provides working capital loans to small businesses across Canada. The Companyâs business loan includes refinancing, cash flow, inventory and sourcing, bill and supplier payment, equipment, relocation and expansion, hiring and training, and advertising and promotion. Its industries include retail, auto-related, e-commerce, health and beauty, restaurants, construction, agriculture, telecommunications, consulting, electronics, home care elder services, taxis transportation logistics delivery service, grocery convenience stores, trades plumbing electrician carpentry, optometrists eyeglasses, information technology (IT) and software services, landscape lawn maintenance gardeners, janitorial housekeeping services, child care and education, dentists orthodontists dental labs, agriculture farming fishing, motion picture television broadcasting media, and manufacturing.