SCER HLDG QUARTERLY REPORT
BRZL
Scepter Holdings, Inc.
For the Quarter Ending December 31, 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 December 31, 2021
Unaudited Income Statement for the period ended December 31, 2021 Unaudited Statement of Cash Flows for the period ended December 31, 2021 Unaudited Statement of Stockholders' Equity for the period ended December 31, 2021 Notes to Financial Statements
SCEPTER HOLDINGS, INC.
BALANCE SHEETS
(Unaudited)
December 31, | September 30, | ||||
2021 | 2021 | ||||
ASSETS | |||||
Current Assets | |||||
Cash | $ | 156,289 | $ | 72,261 | |
Accounts Receivable5 | $ | (1,219) | $ | 43,677 | |
Inventory4 | $ | 956,857 | $ | 959,779 | |
Prepaid Expenses | $ | 70,000 | $ | 70,000 | |
Total Current Assets | $ | 1,181,927 | $ | 1,145,717 | |
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 | $ | 3,354,639 | $ | 3,318,428 | |
LIABILITIES | |||||
Current Liabilities | |||||
Total Accounts Payable | $ | 93,899 | $ | 78,763 | |
Total Other Current Liabilities | $ | 37,000 | $ | 37,000 | |
Total Current Liabilities | $ | 130,899 | $ | 115,763 | |
Long-Term Liabilities | |||||
Total Notes Payable7 | $ | 483,411 | $ | 329,455 | |
Total Long-Term Liabilities | $ | 483,411 | $ | 329,455 | |
Total Liabilities | $ | 614,310 | $ | 445,218 | |
EQUITY | |||||
Common Stock | $ | 4,477,445 | $ | 4,452,714 | |
Paid-In Capital or Surplus | $ | 133,059 | $ | 71,591 | |
Preferred Stock | $ | - | $ | - | |
Retained Earnings | $ | (1,472,259) | $ | (1,472,259) | |
Net Income | $ | (397,916) | $ | (178,836) | |
Total Equity | $ | 2,740,329 | $ | 2,873,211 | |
TOTAL LIABILITIES AND EQUITY | $ | 3,354,639 | $ | 3,318,428 |
The accompanying notes are an integral part of these financial statements.
SCEPTER HOLDINGS, INC.
STATEMENTS OF OPERATIONS
(Unaudited)
For the Quarter Ended | For the Quarter Ended | ||||
December 31, 2021 | September 30, 2021 | ||||
Income | |||||
Sales | $ | 3,593 | $ | 2,991 | |
Service/Fee Income | $ | - | $ | 75,000 | |
Total Income | $ | 3,593 | $ | 77,991 | |
Cost of Goods Sold | $ | 2,922 | $ | 2,341 | |
Gross Margin | $ | 671 | $ | 75,650 | |
Operating Expenses | |||||
Advertising & Marketing | $ | 28,367 | $ | 15,230 | |
Bad Debt Expense | - | - | |||
Bank Charges & Fees | $ | 118 | $ | 67 | |
General and Administrative | $ | 149,331 | $ | 160,716 | |
Interest Expense | $ | 7,654 | $ | 8,332 | |
Legal & Professional Fees | $ | 21,598 | $ | 17,204 | |
Meals & Entertainment | $ | 25 | $ | 103 | |
Office Supplies & Software | $ | 2,474 | $ | 7,414 | |
Other Business Expense | - | - | |||
Rent & Lease | $ | 409 | $ | 480 | |
Royalty Fee | $ | 192 | $ | 612 | |
Shipping, Freight & Delivery | $ | 844 | $ | 1,086 | |
Taxes & Licenses | $ | 8,738 | $ | 7,400 | |
Travel | $ | - | $ | 6,947 | |
Total Expenses | $ | 219,751 | $ | 225,592 | |
Net Operating Income | $ | (219,080) | $ | (149,942) | |
Other income | |||||
Debt Forgiveness | - | - | |||
Total Other Income | - | - | |||
Net Income3 | |||||
$ | (219,080) | $ | (149,942) |
The accompanying notes are an integral part of these financial statements.
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Scepter Holdings Inc. published this content on 15 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2022 18:46:10 UTC.