Global Water Technologies, Inc. and Subsidiaries
Consolidated Financial Statements
For the Quarter Ended June 30, 2022
(Unaudited)
Global Water Technologies
Table of Contents | |
Page No. | |
Financial Statements (Unaudited) | |
Consolidated Balance Sheets | 3 |
Consolidated Statements of Operations | 4 |
Consolidated Statements of Stockholders' Deficit | 5 |
Consolidated Statements of Cash Flows | 6 |
Notes to Consolidated Financial Statements | 7 - 12 |
2
GLOBAL WATER TECHNOLOGIES and SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
June 30, 2022
ASSETS | ||||
Current Assets | 2nd Quarter, 2022 | |||
Cash | $ 6,227 | |||
Accounts receivable | - | |||
Inventory | 7,520 | |||
Prepaid expenses and other | 10,000 | |||
Total current assets | 23,747 | |||
Net property and equipment | - | |||
Intangible assets | ||||
Acquisition assets | 188,664 | |||
Joint venture assets | 60,000 | |||
Total assets | $ | 272,411 |
LIABILITIES AND SHAREHOLDERS' DEFICIT
Current liabilities | ||||
Accounts payable | $ | 319,759 | ||
Accrued interest | 22,565 | |||
Current portion of long-term debt | 17,500 | |||
Total current liabilities | 359,824 | |||
Long-term debt, net of current portion | 62,798 | |||
Total liabilities | 422,622 | |||
Shareholders' deficit | ||||
Common stock | 15,704 | |||
Additional paid-in capital | 2,487,736 | |||
Treasury stock | (46,781) | |||
Accumulated deficit | (2,606,870) | |||
Total shareholder's deficit | (150,211) | |||
Total liabilities and shareholders' deficit | $ | 272,411 |
3
GLOBAL WATER TECHNOLOGIES and SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
June 30, 2022
2nd Quarter, 2022 | |||
Sales | $ | 0 | |
Cost of goods sold | 0 | ||
Gross profit | 0 |
Operating expenses | |||
Consulting fees | 30,000 | ||
Professional fees | 750 | ||
Interest expense | 2,435 | ||
General and administrative | 2,209 | ||
Total operating expenses | 35,394 | ||
Net loss | $ | (35,394) |
4
GLOBAL WATER TECHNOLOGIES and SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT
June 30, 2022
Additional | Cost of | Total | ||||||||||||
Common | Paid-in | Treasury | Accumulated Shareholders' | |||||||||||
Stock | Capital | Stock | Deficit | Deficit | ||||||||||
Balance at | ||||||||||||||
December 31, 2020 | $ | 13,729 | $ | 2,353,428 | $ (46,781) | $ (2,467,666) | $ (147,290) | |||||||
Net loss | - | - | - | (66,028) | (66,028) | |||||||||
Rounding | - | - | - | - | - | |||||||||
Balance at | ||||||||||||||
December 31, 2021 | $ | 13,729 | $ | 2,353,428 | $ (46,781) | $ (2,533,694) | $ (213,318) | |||||||
Net loss | - | - | - | (73,176) | (73,176) | |||||||||
Issuance of | ||||||||||||||
Stock | $ | 1,975 | $ | 134,308 | - | - | $136,283 | |||||||
Balance at | ||||||||||||||
June 30, 2022 | $ | 15,704 | $ | 2,487,736 | $ (46,781) | $ (2,606,870) | $ (150,211) |
5
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Global Water Technologies Inc. published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 21:52:14 UTC.