Tonner One World : Q2 Financial Report

TONNER-ONE WORLD HOLDINGS, INC.

INDEX TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

Financial Statements

Unaudited Consolidated Balance Sheets as of June 30, 2022 and 2021 ..........................................................................	F-2
Unaudited Consolidated Statements of Operations for the Periods ended June 30, 2022 and 2021 ...............................	F-3
Unaudited Consolidated Statements of Stockholders' Deficit for the Years ended June 30, 2022 and 2021 ...................	F-4
Unaudited Consolidated Statements of Cash Flows for the Years Ended June 30, 2022 and 2021..................................	F-5

Notes to Unaudited Consolidated Financial Statements for the Years Ended June 30, 2022 and 2021……….…...……F-6

F-1

TONNER-ONE WORLD HOLDINGS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)		June 30,22
ASSETS	2022		2021
Current assets:
Cash	$	-	$	-
Prepaid expenses and other current assets	$	-	$	-
Total current assets		-		-
LIABILITIES AND STOCKHOLDERS' DEFICIT
Convertible Debentures, net of discount	2,790,116		2,748,116
Other Liabilities	4,394,475		4,394,475
Current Liabilities	3,889,042		3,889,042
Total Liabilities	11,073,633		11,031,633
Stockholders' deficit:
Preferred stock, $0.001 par value, 10,000,000 shares authorized:		-		-
Series BB, 186,000		186	186
Common stock, $0.001 par value, 4,000,000,000 shares authorized,
3,148,959,837 and 3,626,046,702 shares issued and outstanding,
respectively	3,626,046,702	2,793,322,966
Additional paid-in capital	12,347,497	11,317,926
Accumulated deficit	(24,860,988)	(25,143,068))
Total stockholders' deficit	(13,889,140)	(11,031,633)
Total	$	-	$	-

See notes to consolidated financial statements

F-2

TONNER-ONE WORLD HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

		June 30,
	2022		2021
Sales	$	-	$	-
Cost of sales		-		-
Gross profit		-		-
Operating expenses:
Selling, general and administrative		-		-
Research and development		-		-
Depreciation		-		-
Total operating expenses		-		-
Loss from operations		-		-
Other income (expense):
Interest expense		-
Loss on derivative liability		-		-
Gain on debt payable in shares		-		-
Gain (loss) on debt settlement		-		-
		-		-
Total other expense		-		-
		-		-
Loss before income taxes		-		-
		-		-
Provision for income taxes		-		-
Net loss		-		-
Net loss per common share -
	-		-
basic and diluted
Weighted average common shares outstanding -
basic and diluted	3,626,046,702	2,793,322,966

See notes to consolidated financial statements

F-3

TONNER-ONE WORLD HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT

(UNAUDITED)

		Preferred Stock		Common Stock	Additional
			Paid-In	Accumulated
	Shares		Amount	Shares	Amount	Capital		Deficit	Total
							$	$
Balance- January 31, 2020		186,000	$		186	2,793,322,966	2,793,323	11,317,926	$	(25,143,068)	$0
Net Income(Loss) - December
31, 2020		-			-	-	-	-		-	$0
		-			-	-	-	-		-	-
Balance- December 31, 2020		186,000	$		186	2,793,322,966	2,793,323	11,317,926	$	(25,143,068)	$0
		-			-	-	-			-
Balance January 31, 2021		186,000	$		186	2,793,322,966	2,793,323	11,317,926	$	(25,143,068)	$0
Net Income(Loss) - December		-			-	-	-			-
31, 2021		-			-	-	-	-		-	$0
Balance - December 31,2021		186,000	$		186	2,793,322,966	2,793,323	11,317,926	$	(25,143,068)	$0
Balance, January 31, 2022		186,000	$		186	3,148,959,837	3,148,960	11,317,926	$	(25,143,068)	$0
Net Income(Loss) - March 31,		-			-					-
2022		-			-	-	-	-		-	$0
								$
Balance, March 31, 2022	$	186,000		$	186	3,626,046,702	3,626,047	12,347,497	$	(24,860,988)	$0

See notes to consolidated financial statements

F-4

TONNER-ONE WORLD HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)		June 30,
	2022	2021
Cash flows from operating activities
Net income (loss)	$	- $	-
Adjustments to reconcile net loss to net
cash used in operating activities:
Depreciation expense
Loss on derivative liability
Amortization of prepaid consulting services
Amortization of debt discount to interest expense
Gain on debt payable in shares
Loss (gain) on debt settlement
Common stock issued for services
Non-cash interest expense			-
Debt issued for services		-
Options issued for services		-
Preferred stock issued for services		-
(Increase) Decrease in:
Accounts receivable
Inventories
Prepaid expenses and other current assets
Increase in:
Accounts payable and accrued expenses
Accrued interest and penalties payable
Net cash used in operating activities
Cash flows from investing activities:
Purchase of property and equipment			-
Net cash used in investing activities			-
Cash flows from financing activities:
Proceeds from convertible debentures
Proceeds from notes payable
Proceeds from stockholder advances
Payments on convertible debentures
Payments on notes payable
Payments on stockholder advances
Net cash provided by financing activities
Net increase (decrease) in cash
Cash, beginning of year
Cash, end of year	$	$
-	-

See notes to consolidated financial statements

F-5