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.

2

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.

3

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.

4

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.

5

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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.