ENTHEOS CAPITAL CORP.
(Formerly Waterfront Capital Corporation)
Condensed Interim Financial Statements (Unaudited - prepared by management)
For the six months ended June 30, 2020 and 2019
(Expressed in Canadian Dollars)
1500 - 409 Granville Street
Vancouver, BC
V6C 1T2
1
NOTICE OF NO AUDITOR REVIEW OF
CONDENSED INTERIM FINANCIAL STATEMENTS
In accordance with National Instrument 51-102 Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of these condensed interim financial statements they must be accompanied by a notice indicating that these condensed interim financial statements have not been reviewed by the Company's auditors.
The accompanying unaudited condensed interim financial statements of the Company have been prepared by and are the responsibility of the Company's management.
The Company's independent auditor has not performed a review of these condensed interim financial statements in accordance with standards established by the Chartered Professional Accountants of Canada for a review of interim financial statements by an entity's auditor.
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ENTHEOS CAPITAL CORP.
(Formerly Waterfront Capital Corporation)
Condensed Interim Statements of Financial Position
(Unaudited - expressed in Canadian Dollars)
As at
June 30, | December 31, | |||
2020 | 2019 | |||
ASSETS | ||||
Current | ||||
Cash | $ | 847,747 | $ | 1,220 |
Accounts receivable | 3,366 | 6,147 | ||
Loan receivable (Note 3) | - | 68,388 | ||
Investments (Note 4) | - | 872 | ||
Prepaid expenses (Note 5) | 19,859 | 2,249 | ||
$ | 870,972 | $ | 78,876 | |
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIENCY) | ||||
Current | ||||
Accounts payable and accrued liabilities (Note 5) | $ | 11,715 | $ | 130,721 |
Shareholders' equity (deficiency) | ||||
Capital stock (Note 6) | 10,879,779 | 9,891,279 | ||
Reserves | 625,507 | 625,507 | ||
Deficit | (10,646,029) | (10,568,631) | ||
859,257 | (51,845) | |||
$ | 870,972 | $ | 78,876 | |
Nature of operations and going concern (Note 1) | |||
On behalf of the Board: | |||
"Brayden Sutton" | "Joshua Taylor" | ||
Director | Director |
The accompanying notes are an integral part of these condensed interim financial statements.
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ENTHEOS CAPITAL CORP.
(Formerly Waterfront Capital Corporation)
Condensed Interim Statements of Loss and Comprehensive Loss
(Expressed in Canadian Dollars)
Three Months Ended | Six Months Ended | |||||||||
June 30, 2020 | June 30, 2019 | June 30, 2020 | June 30, 2019 | |||||||
EXPENSES | ||||||||||
Consulting fees (Note 5) | $ | 25,500 | $ | 26,500 | $ | 54,000 | $ | 53,000 | ||
Office and general (Note 5) | 310 | 5,704 | 1,604 | 13,685 | ||||||
Professional fees | 13,490 | 29,819 | 26,875 | 44,895 | ||||||
Regulatory and transfer agent fees | 6,677 | 4,955 | 19,917 | 8,922 | ||||||
Rent (Note 5) | - | 5,955 | 1,985 | 11,909 | ||||||
Wages and benefits (Note 5) | - | 5,031 | - | 10,330 | ||||||
(45,977) | (77,964) | (104,381) | (142,741) | |||||||
Other income | - | 1,543 | 337 | 3,151 | ||||||
Gain on investments | - | 872 | 174 | 872 | ||||||
Gain on debt settlement (Note 8) | - | - | 26,472 | - | ||||||
- | 2,415 | 26,983 | 4,023 | |||||||
Net loss and comprehensive loss for the period | $ | (45,977) | $ | (75,549) | $ | (77,398) | $ | (138,718) | ||
Basic and diluted loss per common share | $ | (0.00) | $ | (0.02) | $ | (0.01) | $ | (0.03) | ||
Weighted average shares outstanding | 9,468,483 | 4,468,485 | 6,968,484 | 4,468,485 |
The accompanying notes are an integral part of these condensed interim financial statements.
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ENTHEOS CAPITAL CORP.
(Formerly Waterfront Capital Corporation)
Condensed Interim Statements of Changes in Shareholders' Equity (Deficiency)
(Unaudited - Expressed in Canadian Dollars)
Number of | Share-based | |||||||||||||||
Common | Capital | Payment | Warrant | |||||||||||||
Shares | Stock | Reserves | Reserve | Deficit | Total | |||||||||||
Balance, December 31, 2018 | 4,468,485 | $ 9,891,279 | $ | 562,507 | $ | 63,000 | $ | (10,276,134) | $ | 240,652 | ||||||
Net loss for the period | - | - | - | - | (138,718) | (138,718) | ||||||||||
Balance June 30, 2019 | 4,468,485 | 9,891,279 | 562,507 | 63,000 | (10,414,852) | 101,934 | ||||||||||
Net loss for the period | - | - | - | - | (153,779) | (153,779) | ||||||||||
Balance, December 31, 2019 | 4,468,485 | 9,891,279 | 562,507 | 63,000 | (10,568,631) | (51,845) | ||||||||||
Private placements | 8,333,331 | 1,000,000 | - | - | - | 1,000,000 | ||||||||||
Share issue costs | (11,500) | - | - | - | (11,500) | |||||||||||
Net loss for the period | - | - | - | - | (77,398) | (77,398) | ||||||||||
Balance, June 30, 2020 | 12,801,816 | $ 10,879,779 | $ | 562,507 | $ | 63,000 | $ | (10,646,029) | $ | 859,257 |
The accompanying notes are an integral part of these condensed interim financial statements.
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Waterfront Capital Corporation published this content on 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 01:51:05 UTC.