SCER HLDG : BRZL Quarterly Financial Statements Q2 2022

QUARTERLY REPORT

BRZL

Scepter Holdings, Inc.

For the Quarter Ending September 30, 2021

THESE UNAUDITED FINANCIAL STATEMENTS ARE INCORPORATED BY REFERENCE INTO THE DISCLOSURE STATEMENT PURSUANT TO THE PINK BASIC DISCLOSURE GUIDELINES

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report contains certain forward-looking statements. These forward-looking statements, which may be identified by words including "anticipates," "believes," "intends," "estimates," "expects," "forecasts", "plans,", " projects", and similar expressions include, but are not limited to, statements regarding (i) future plans, objectives, strategies, expenditures, results and objectives of future operations and research, (ii) proposed new products, services, developments or industry rankings; (iii) future revenue, economic conditions or performance; (iv) potential collaborative arrangements and (v) the need for and availability of additional financing.

The forward-looking statements included herein are based on current expectations that involve a number of risks and uncertainties. These forward-looking statements are based on assumptions regarding our business and technology, which involve judgments with respect to, among other things, future scientific, economic and competitive conditions, and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Accordingly, undue reliance should not be placed on forward looking statements as they only represent the Company's views as of the date the statements were made. Although we believe that the assumptions underlying the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements and actual results may differ materially from those set forth in the forward-looking statements. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as representation by us or any other person that our objectives or plans will be achieved. We do not intend to and specifically decline any obligation to update any forward-looking statements or to publicly announce the results of any revisions to any statements to reflect new information or future events or developments.

Table of Contents

Item 4. Financial Statements

Unaudited Balance Sheets as of September 30, 2021

Unaudited Income Statement for the period ended September 30, 2021 Unaudited Statement of Cash Flows for the period ended September 30, 2021 Unaudited Statement of Stockholders' Equity for the period ended September 30, 2021 Notes to Financial Statements

SCEPTER HOLDINGS, INC.

BALANCE SHEETS

(Unaudited)

	September 30,		June 30,
		2021			2021
ASSETS
Current Assets
Cash	$	72,261	$	74,015
Accounts Receivable5	$	43,677	$	(556)
Inventory4	$	959,779	$	962,120
Prepaid Expenses	$	70,000
Total Current Assets	$	1,145,717	$	1,035,579
Fixed Assets
Intellectual Property	$	2,122,712		$	2,122,712
Total Fixed Assets	$	2,122,712	$	2,122,712
Other Assets
Security Deposits	$	50,000		$	50,000
Total Other Assets	$	50,000		$	50,000
TOTAL ASSETS	$	3,318,428	$	3,208,291
LIABILITIES
Current Liabilities
Total Accounts Payable	$	78,763	$	27,015
Total Other Current Liabilities	$	37,000
Total Current Liabilities	$	115,763	$	27,015
Long-Term Liabilities
Total Notes Payable7	$	329,455		$	511,600
Total Long-Term Liabilities	$	329,455		$	511,600
Total Liabilities	$	445,218	$	538,615
EQUITY
Common Stock	$	4,452,714	$	4,104,428
Paid-In Capital or Surplus	$	71,591	$	16,200
Preferred Stock	$	-	$	-
Retained Earnings	$	(1,472,259)	$	(1,430,777)
Net Income	$	(178,836)		$	(20,175)
Total Equity	$	2,873,211		$	2,669,676
TOTAL LIABILITIES AND EQUITY	$	3,318,428	$	3,208,291

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