World Of Wireless International Telecom : Quarterly Financial Report For Period Ended June 30, 2022

Address: 65 Enterprise Aliso Viejo, CA 92656

Interim CFO Compilation Report

To the Board of Directors of

World of Wireless International Telecom, Inc.

(A Development Stage Enterprise)

Aliso Viejo, California

I, Rachel Lanham, Interim Chief Financial Officer of World of Wireless International Telecom. Inc .. certify the following:

1. Review: I have reviewed the accompanying balance sheet of World of Wireless International Telecom, Inc. (a development stage company) as of June 30, 2022 and December 31, 2021 and the related statements of income. shareholder's equity. and cash flows for the quarter and three ended June 30, 2022 and the period from August 28, 1989 (inception) to June 30, 2022 (the "financial statements").

2. No misrepresentations: Based on my knowledge, having exercised reasonable diligence. the financial statements do not contain any untrue

statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the financial statements.

1. Fair presentation: Based on my knowledge, having exercised reasonable diligence, the financial statements fairly present in all material respects the financial condition, financial performance and cash flows of the Company, as of the date of and for the periods presented in the financial statements.
2. No opinion: The accompanying financial statements have not been independently audited or reviewed and, accordingly, I do not express an opinion or provide any representation about
3. 1. whether the financial statements are in accordance with accounting principles generally accepted in the United States of America (GAAP)
   2. or relating to the establishment and maintenance of controls and other procedures designed to provide reasonable assurance that information required to be disclosed by the Company in its annual filings, interim filings or other reports filed or submitted under securities legislation is recorded, processed. summarized and reported within the time periods specified in securities legislation.
4. Going Concern: The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in the notes to the financial statements. the Company has suffered losses from operations, which raise substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might resull from the outcome of this uncertainty.
5. I am not independent with respect to these financial statements.

Date: August 15, 2022

Rachel Lanham

Interim Chief Financial Officer

WORLD OF WIRELESS INTERNATIONAL TELECOM, INC.

(A Development Stage Enterprise)

BALANCE SHEETS

For the Three Months Ended June 30, 2022

and the Year Ended December 31, 2021

	ASSETS
			Three Months
			Ended		Year Ended
			6/30/2022			12/31/2021
Current Assets:
Cash and Cash Equivalents	$		13,860		$	13,860
Prepaid Expenses			-			-
Inventory			4,551			4,551
Total Current Assets	$		18,411		$	18,411
Fixed Assets:
Property and Equipment			29,823			29,823
R&D Equipment			54,227			54,227
			84,050			84,050
Less: Accumulated Depreciation			(93,596)			(93,596)
Net Fixed Assets	$		(9,546)		$	(9,546)
Other Assets:
Security and Other Deposits	$		3,915		$	3,915
Organizational Costs			10,874			10,874
Accumulated Amortization - Org Costs			(10,874)			(10,874)
Investments			-			-
Deferred Income Tax Benefit			1,787,712			1,787,712
Allowance for Realization			(1,787,712)			(1,787,712)
Total Other Assets	$		3,915		$	3,915
Total Assets	$		12,780		$	12,780
See accompanying notes to the financial statements

WORLD OF WIRELESS INTERNATIONAL TELECOM, INC.

(A Development Stage Enterprise)

BALANCE SHEETS

For the Three Months Ended June 30, 2022

and the Year Ended December 31, 2021

LIABILITIES AND STOCKHOLDERS' EQUITY

		Three Months
		Ended		Year Ended
		6/30/2022		12/31/2021
Current Liabilities:
Accounts Payable	$	494,642	$	494,642
Rent Payable		-		-
Other Current Liabilities		314,028		291,085
Total Current Liabilities	$	808,670	$	785,727
Long-Term Liabilities:
Loan from Shareholder		-		-
Note Payable to Shareholder		4,181,774		4,176,674
Total Long Term Liabilities	$	4,181,774	$	4,176,674
Total Liabilities	$	4,990,444	$	4,962,401
Stockholders' Equity
Common Stock, par value $0.005 per share,
300,000,000 shares authorized,
96,557,991 shares issued, 37,549,760 and
59,008,231shares outstanding, respectively	$	1,547,960	$	1,535,960
Treasury Stock, 390,000 shares		(1,950)		(1,950)
Paid-in-Capital		3,258,136		3,258,136
Accumulated Deficit during Development Stage		(9,741,810)		(9,701,767)
Total Stockholder's Equity	$	(4,977,664)	$	(4,949,621)
Total Liabilities & Capital	$	12,780	$	12,780

See accompanying notes to the financial statements

WORLD OF WIRELESS INTERNATIONAL TELECOM, INC.

(A Development Stage Enterprise)

STATEMENT OF CASH FLOWS

For the Three Months Ended June 30, 2022

and the Period from August 29, 1989 (Inception) to June 30, 2022

				August 29,
		Three		1989
		Months		(Inception)
		Ended		to
		6/30/2022		6/30/2022
CASH FLOW FROM OPERATION ACTIVITIES
Net Loss	$	(5,100)	$	(9,736,154)
ADJUSTMENT TO RECONCILE CHANGE IN NET
ASSETS TO NET CASH FLOWS USED FOR
OPERATING ACTIVITIES
Depreciation Expense		-		92,566
Amortization		-		10,874
Allowance for deferred tax benefit		-		-
Increase in Inventory		-		(4,551)
Increase in prepaid expenses		-		1
Decrease in accounts payable		-		494,642
Rent payable		-		-
Decrease in other current liabilities		-		280,469
	$	(5,100)	$	(8,862,153)
NET CASH USED IN OPERATING ACTIVITIES
CASH FLOW FROM INVESTING ACTIVITIES
Office Equipment		-		(29,823)
R&D Equipment		-		(54,227)
Increase in security and other deposits		-		(3,915)
Investments		-		-
Organization costs		-		(10,874)
Deferred income tax benefit from accum. Losses		-		-
NET CASH USED IN INVESTING ACTIVITIES	$	-	$	(98,839)
CASH FLOW FROM FINANCING ACTIVITIES
Loan from shareholder		5,100		4,181,774
Net borrowings from shareholder loan				264,797
Stock issued in acquistions		-		-
Stock-based payments		-		1,515,372
Allowance for deferred tax benefit		-		-
Proceeds for the issuance of stock		-		2,904,072
NET CASH PROVIDED BY FINANCING ACTIVITIES	$	5,100	$	8,866,015
NET INCREASE IN CASH AND CASH EQUIVALENTS		-
CASH AND CASH EQUIVALENTS, Beginning of Period		13,860		-
CASH AND CASH EQUIVALENTS, End of Period	$	13,860	$

See accompanying notes to the financial statements

WORLD OF WIRELESS INTERNATIONAL TELECOM, INC.

(A Development Stage Enterprise)

STATEMENT OF EXPENSES AND ACCUMULATED DEFICIT

For the Three Months Ended June 30, 2022

and the Period from August 29, 1989 (Inception) to June 30, 2022

		Three
		Months			29-Aug-89
		Ended			(Inception) to
		6/30/2022			6/30/2022
REVENUE		-			-
COST OF SALES	$	-	$	-
GROSS PROFIT		-			-
Research and Development		-			4,253,120
SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES:
Accounting		-			102,428
Administrative					6,858
Amortization		-			10,874
Automobile expense		-			8,571
Bank service charges		-			4,566
Consulting		-			966,408
Depreciation		-			96,892
Taxes, licenses and fees		-			22,948
Insurance		-			6,854
Interest expense		-			307,144
Legal		-			1,769,365
Marketing					47,624
Membership Fees		-			3,000
Miscellaneous		-			9,731
Office supplies and expense		-			52,804
Office support and expenses		-			442
Other expenses		-			2,777
Outside services and other professional		-			39,370
Postage and delivery		-			17,489
Rent - facilities		5,100			200,352
Rent - equipment		-			8,662
Repairs and maintenance		-			9,923
Salaries and wages		-			61,558
Payroll tax expense		-			6,186
Telephone		-			37,164
Travel and entertainment		-			143,800
Utilities		-			11,320
Stock-based payments		-			1,514,112
Website development		-			13,812
Total R&D, selling, general and administrative
expenses	$	5,100	$	9,736,154
Loss	$	(5,100)	$	(9,736,154)
Income tax expense (benefit)		-			-
NET LOSS	$	(5,100)		$	(9,736,154)
See accompanying notes to financial statements