SStartrade Tech : Q1-2022 Financials and Notes

SStartrade Tech, Inc.

OTC Markets: SSTT

CONSOLIDATED FINANCIAL STATEMENTS

QUARTER ENDED

March 31, 2022

(in thousands of United States Dollars)

(Unaudited)

SStarTrade Tech, Ink. and Subsidiaries

Balance Sheet

		As of March 31,			As of Dec 31,
		2022		2021
	ASSETS
	Current Assets
	Cash		52,675				50,853
	Total Current Assets	110,783		108,411
	Other Assets
	Certificates of deposit	10,634		10,634
	Total Other Assets		16,227				15,063
	Total Assets	249,812		248,764
	LIABILITIES AND EQUITY
	Liabilities
	Accounts Payable (A/P)	37,363	38,464
	Convertible Debentures		23,071			21,668
	Notes Payable - Related Parties	9,968		7,347
	Loan Payable	84,825		84,825
	Total Liabilities		187,169			183,307
	STOCKHOLDER'S DEFICIT
	Common stock, $0.0001 par value; authorized shares
	1,975,000,000, outstanding shares: 99,610,855 as of March 31, 2022	23,100	23,100
	Preferred Stock "A" stock		0				0
	Preferred Stock "B" stock	0		0
	Preferred Stock "C" stock		0			0
	Paid-In Capital or Surplus	8,515		8,107
	Retained Earnings		26,924			30,892
	Net Income	4,104	3,358
	Total Stockholders' deficit		62,643			65,457
	Total Liability & Stockholder's deficit	249,812		248,764

SStarTrade Tech, Ink. and Subsidiaries

Income Statement

Jan-March2022

REVENUES

Managed Services

Total Revenues

COST OF GOODS SOLD

Managed Services Cost

Total Cost of Goods Sold

GROSS PROFIT

OPERATING EXPENSES

Office/General Administrative

Interest Expense

Research and Development

Other

Total Operation Expenses

Net Operating Income (Loss)

Net Income

Loss per shares

Weighted Average Common Shares Outstanding

Jan-March2022 Sep-Dec2021

43,874 42,682

43,874 42,682

20,543 19,368

20,543 19,368

23,331 23,314

10,608 10,744

23522,761

1,9641,698

4,3034,753

19,227 19,956

4,1043,358

4,1043,358

1. (0)

99,610,855 99,610,855

	Preferred "A" Stock
	Shares	Amount
Balance as at January 1, 2022	0	0
Net Change		-
Net Loss		-
Balance as at March 30, 2022	0	0

SStarTrade Tech, Ink. and Subsidiaries

Statement of Stockholder's Equity

	Preferred "B" Stock	Common Stock		Additional Paid-		Preferred
													Stock to be
												In-Capital
	Shares		Amount	Shares		Amount			issued
-		0		99,610,855		23,100		8,107		-
	-			-		0			0			408			-
	-			-	-				-			-			-
-		0		99,610,855		23,100		8,515		-

Common
Stock to be	Accumulated Deficit	Stockholders' Deficit
issued
-	34,250	65,457
-		-
-	(3,222)	(2,814)
-	31,028	62,643