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Bloomsmore Group Ltd
FORMERLY Tarsier Ltd
CONSOLIDATED FINANCIAL STATEMENTS
For the Years Ended
May 31, 2021 and 2020
(UNAUDITED)
BLOOMSMORE GROUP LTD (FORMERLY TARSIER LTD)
FOR THE YEARS ENDED MAY 31, 2021 AND 2020 | |
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS | |
Financial Statements | |
Consolidated Balance Sheets (Unaudited) at May 31, 2021 and 2020 | F-1 |
Consolidated Statements of Operations (Unaudited) for the years ended May 31, 2021 and 2020 | F-2 |
Consolidated Statements of Stockholders' Deficit (Unaudited) for the years ended May 31, 2021 and 2020 | F-3 |
Consolidated Statements of Cash Flows (Unaudited) for the years ended May 31, 2021 and 2020 | F-4 |
Notes to Unaudited Consolidated Financial Statements | F-5 |
-1-
BLOOMSMORE GROUP LTD (FORMERLY TARSIER LTD)
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
May 31, | May 31, | ||||
2021 | 2020 | ||||
ASSETS | |||||
Total assets | $ | - | $ | - | |
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | |||||
Current liabilities | |||||
Accrued interest | $ | 738,596 | $ | 589,106 | |
Convertible notes payable | 438,890 | 438,890 | |||
Notes payable | 259,500 | 259,500 | |||
Related party advances | 109,545 | 84,545 | |||
Derivative liability | 6,038,786 | 939,076 | |||
Total liabilities | 7,585,317 | 2,311,118 | |||
Commitments and contingencies (Note 5) | |||||
Stockholder's equity (deficit) | |||||
Preferred stock, $0.001 par value, 10,000,000 shares authorized; | |||||
Series C: 100,000 issued and outstanding | 100 | 100 | |||
Common stock, $0.001 par value; 150,000,000 shares authorized 63,219,237 | |||||
issued and outstanding | 63,219 | 63,219 | |||
Common stock to be issued | 5,300 | 5,300 | |||
Additional paid in capital | 8,986,786 | 8,986,786 | |||
Accumulated deficit | (16,640,722) | (11,366,522) | |||
Total stockholders' equity (deficit) | (7,585,317) | (2,311,117) | |||
Total liabilities and stockholders' equity (deficit) | $ | 0 | $ | 0 | |
The accompanying notes are an integral part of these unaudited financial statements
F-1
BLOOMSMORE GROUP LTD
(FORMERLY TARSIER LTD)
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
For the years ended
May 31,
2021 | 2020 | ||||
Revenues | $ | - | $ | - | |
Operating expenses: | |||||
Personnel expenses | 25,000 | 25,000 | |||
Total operating expenses | 25,000 | 25,000 | |||
Net operating loss | (25,000) | (25,000) | |||
Other income (expense): | |||||
Interest expense | (149,489) | (149,489) | |||
Change in fair value of derivative liabilities | (5,099,711) | (111,131) | |||
Total other income (expense) | (5,249,200) | (260,620) | |||
Net loss | $ | (5,274,200) | $ | (285,620) | |
Basic and diluted loss per share | $ | (0) | $ | (0) | |
Weighted average number of shares outstanding, basic and diluted | 63,219,000 | 63,219,000 | |||
The accompanying notes are an integral part of these unaudited financial statements
F-2
BLOOMSMORE GROUP LTD
(FORMERLY TARSIER LTD)
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT
FOR THE YEARS ENDED MAY 31, 2021 AND 2020
(UNAUDITED)
Series C | ||
Preferred Stock | ||
Shares | Amount | |
Balance, June 1, 2019 | 100,000 | 100 |
Common Stock | Common Stock | Additional Paid-In | ||||||
Shares | Amount | To Be Issued | Capital |
63,219,237 | 63,219 | 5,300 | 8,986,786 |
Accumulated
DeficitTotal
(11,080,902)(2,025,497)
Net loss | - | - | - | - | - | - | (285,620) | (285,620) | |||||||||||||
Balance, May 31, 2020 | 100,000 | $ | 100 | 63,219,237 | $ | 63,219 | $ | 5,300 | $ | 8,986,786 | $ | (11,366,522) | $ | (2,311,117) | |||||||
Net loss | - | - | - | - | - | - | (5,274,200) | (5,274,200) | |||||||||||||
Balance, May 31, 2021 | 100,000 | $ | 100 | 63,219,237 | $ | 63,219 | $ | 5,300 | $ | 8,986,786 | $ | (16,640,722) | $ | (7,585,317) | |||||||
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.