NRP Stone : Q2 2022 Financials

NRP STONE, INC AND SUBSIDIARY

Financial Statements

June 30, 2022 and 2021

C O N T E N T S

Consolidated Balance Sheets ...................................................................................................................	3
Consolidated Statements of Operations ..................................................................................................	4
Consolidated Statements of Stockholders' Equity (Deficit) ......................................................................	5
Consolidated Statements of Cash Flows...................................................................................................	7
Notes to the Financial Statements ...........................................................................................................	8

NRP STONE, INC AND SUBSIDIARY
Consolidated Balance Sheets
(unaudited)
ASSETS
	June 30, 2022		June 30, 2021
CURRENT ASSETS
Cash and cash equivalents	$	10,474	$	1,697
Cryptocurrency		246,001		-
Prepaid expenses		550		550
Total Current Assets		257,025		2,247
OTHER ASSETS
Website		7,504		8,338
Goodwill		35,558		39,509
Investment in subsidiary		-		-
Other assets		3,310,000		-
Total Other Assets		3,353,062		47,847
TOTAL ASSETS	$	3,610,087	$	50,094
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Accounts payable	$	-	$	-
Credit card payables		22,907		2,471
Notes payable - related party		566,000		624,547
Related-party advances		-		84,061
Total Current Liabilities		588,907		711,079
Noncurrent payables		2,260,000		-
Total Liabilities		2,848,907		711,079
STOCKHOLDERS' EQUITY
Preferred stock (No Par), 95 authorized,
95 and 0 issued and outstanding		1		-
Common stock (Par $0.001), 500,000,000 authorized,
313,246,705 and 232,698,479 issued and outstanding		313,247		282,648
Paid in capital in excess of par value		872,916		(50,000)
Noncontrolling interest		413,088		(9,877)
Retained deficit		(838,071)		(883,756)
Total Stockholders' Equity		761,180		(660,985)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	3,610,087	$	50,094

The accompanying financials were not subject to an audit, review, or compilation.

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

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NRP STONE, INC AND SUBSIDIARY

Consolidated Statements of Operations

(unaudited)

		For the six			For the six
		months ended			months ended
		June 30, 2022			June 30, 2021
INCOME	$	426,115	$	41,841
COST OF GOODS SOLD		71			2,006
GROSS MARGIN		426,044			39,835
OPERATING EXPENSES
Bank service charge		617			249
Amortization expense		2,810			-
Business licensing and fees		4,953			60
Computer expense		6,080			1,457
Insurance expense		1,595			714
Interest expense		22,356			-
Legal expense		30,344			7,531
Marketing expense		126,870			18,080
Meals and travel expense		2,351			2,374
Office Supplies		629			701
Payroll expense		15,000			3,988
Rent expense		15,465			1,534
Research and development		600,243			38,715
Utilities expense		102			198
Travel expenses		30,093			-
Professional fees		117,865			122,778
OPERATING EXPENSES		977,373			198,379
OTHER INCOME
Loss on cryptocurrency		(263,303)			-
Gain on sale of subsidiary		306,000			-
TOTAL OTHER INCOME		42,697			-
NET INCOME (LOSS)		(508,632)			(158,544)
LESS NONCONTROLLING INTEREST
ALLOCATION OF LOSS		-			(57,276)
NET INCOME (LOSS)	$	(508,632)	$	(101,268)

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

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NRP STONE, INC AND SUBSIDIARY

Consolidated Statement of Stockholders' Equity (Deficit)

(unaudited)

													Paid in
													Capital in									Total
	Preferred Stock			Common Stock			Excess of		Noncontroling			Retained		Stockholders'
	Shares			Amount			Shares			Amount			Par Value			Interest			Deficit			Equity
Balance, December 31, 2020	-	$	-	299,735,541	$	299,736	$	(59,010)	$	159,344	$	(329,439)	$	70,631
Shares issued for debt
conversion	-			-	5,154,973			5,155			666,708			-			-			671,863
Shares issued in acquisition	95			1	-			-			(253,744)			253,744			-			-
Shares issued in exchange of
UIHC 1 ownership	-			-	8,156,191			8,156			519,162			-			-			527,318
Shares issued for services
rendered	-			-	200,000			200			(200)			-			-			-
Net loss for the six months ended
June 30, 2022		-			-		-			-			-			-			(508,632)			(508,632)
Balance, June, 30 2022		95		$	1		313,246,705		$	313,247		$	872,916		$	413,088		$	(838,071)		$	761,180

The accompanying financials were not subject to an audit, review, or compilation.

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

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