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Bloomsmore Group Ltd
FORMERLY Tarsier Ltd
CONSOLIDATED FINANCIAL STATEMENTS
For the Three Months Ended
August 31, 2021
(UNAUDITED)
BLOOMSMORE GROUP LTD (FORMERLY TARSIER LTD)
FOR THE THREE MONTHS ENDED AUGUST 31, 2021 | |
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS | |
Financial Statements | |
Consolidated Balance Sheets (Unaudited) at August 31, 2021 and May 31, 2021 | F-1 |
Consolidated Statements of Operations (Unaudited) for the three months ended August 31, 2021 and 2020 | F-2 |
Consolidated Statements of Stockholders' Deficit (Unaudited) for the three months ended August 31, 2021 | F-3 |
Consolidated Statements of Stockholders' Deficit (Unaudited) for the three months ended August 31, 2020 | F-4 |
Consolidated Statements of Cash Flows (Unaudited) for the three months ended August 31, 2021 and 2020 | F-5 |
Notes to Unaudited Consolidated Financial Statements | F-6 |
-1-
BLOOMSMORE GROUP LTD (FORMERLY TARSIER LTD)
BALANCE SHEETS
(UNAUDITED)
August 31, | May 31, | ||||
2021 | 2021 | ||||
ASSETS | |||||
Cash | $ | 970 | $ | - | |
970 | - | ||||
Note receivable | 15,000 | - | |||
Total assets | $ | 15,970 | $ | - | |
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | |||||
Current liabilities | |||||
Accrued interest | $ | 776,548 | $ | 738,596 | |
Convertible notes payable, net of discount | 451,191 | 438,890 | |||
Notes payable | 259,500 | 259,500 | |||
Related party advances | 109,645 | 109,545 | |||
Derivative liability | 2,259,872 | 6,038,786 | |||
Total liabilities | 3,856,756 | 7,585,317 | |||
Commitments and contingencies (Note 5) | |||||
Stockholder's equity (deficit) | |||||
Preferred stock, $0.001 par value, 10,000,000 shares authorized; | |||||
Series C: 100,000 and 50,000 issued and outstanding as of August 31, 2021 | |||||
and May 31, 2021, respectively | 50 | 100 | |||
Common stock, $0.001 par value; 150,000,000 shares authorized; 110,719,237 | |||||
and 63,219,237 issued and outstanding as of August 31, 2021 and May 31, 2021, | |||||
respectively | 110,719 | 63,219 | |||
Common stock to be issued | 5,300 | 5,300 | |||
Additional paid in capital | 8,939,336 | 8,986,786 | |||
Accumulated deficit | (12,896,191) | (16,640,722) | |||
Total stockholders' equity (deficit) | (3,840,786) | (7,585,317) | |||
Total liabilities and stockholders' equity (deficit) | $ | 15,970 | $ | - | |
The accompanying notes are an integral part of these unaudited financial statements
F-1
BLOOMSMORE GROUP LTD (FORMERLY TARSIER LTD)
STATEMENTS OF OPERATIONS
(UNAUDITED)
For the three months ended
August 31,
2021 | 2020 | ||||
Revenues | $ | - | $ | - | |
Operating expenses: | |||||
Personnel expenses | 15,000 | - | |||
General & administrative expenses | 17,130 | - | |||
Professional fees | 2,000 | - | |||
Total operating expenses | 34,130 | - | |||
Net operating loss | (34,130) | - | |||
Other income (expense): | |||||
Interest expense | (37,953) | (23,725) | |||
Amortization of debt discount | (1,472) | - | |||
Change in fair value of derivative liabilities | 3,818,086 | 101,445 | |||
Total other income (expense) | 3,778,661 | 77,720 | |||
Net loss | $ | 3,744,531 | $ | 77,720 | |
Basic and diluted income per share | $ | 0.00 | $ | 0.00 | |
Weighted average number of shares outstanding, basic and diluted | 67,916,802 | 67,916,802 | |||
The accompanying notes are an integral part of these unaudited financial statements
F-2
BLOOMSMORE GROUP LTD
(FORMERLY TARSIER LTD)
STATEMENTS OF STOCKHOLDERS' DEFICIT
FOR THE THREE MONTHS ENDED AUGUST 31, 2021
(UNAUDITED)
Balance, June 1, 2021
Conversion of Series C Preferred stock to common stock
Cancellation of Common Stock
Net income
Balance, August 31, 2021
Series C
Preferred Stock
SharesAmount
100,000 | $ | 100 |
(50,000) | (50) |
--
50,000 $ 50
Common Stock | Common Stock | Additional Paid-In | ||||||
Shares | Amount | To Be Issued | Capital |
63,219,237 | $ | 63,219 | $ | 5,300 | $ | 8,986,786 |
50,000,000 | 50,000 | - | (49,950) | |||||||
(2,500,000) | (2,500) | - | 2,500 | |||||||
- | - | - | - | |||||||
110,719,237 | $ | 110,719 | $ | 5,300 | $ | 8,939,336 | ||||
Accumulated | |||||
Deficit | Total | ||||
$ | (16,640,722) | $ | (7,585,317) | ||
- | - | ||||
- | - | ||||
3,744,531 | 3,744,531 | ||||
$ | (12,896,191) | $ | (3,840,786) | ||
The accompanying notes are an integral part of these unaudited financial statements
F-3
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Tarsier Ltd. published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2021 16:19:02 UTC.