ACCELERATED TECHNOLOGIES HOLDING CORP.
FINANCIAL REPORT
At December 31, 2021, and
For the Year Ended December 31, 2021
ACCELERATED TECHNOLOGIES HOLDING CORP.
INDEX
PAGE | |
BALANCE SHEETS | 3 |
STATEMENTS OF OPERATIONS | 4 |
STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) | 5 |
STATEMENTS OF CASH FLOWS | 6 |
NOTES TO FINANCIAL STATEMENTS | 7-14 |
1
DISCLAIMER REPORT
To Management and Board of Directors
Accelerated Technologies Holding Corp.
The accompanying financial statements of Accelerated Technologies Holding Corp. as of December 31, 2021 and for the year ended December 31, 2021, were not subjected to an audit, review, or compilation engagement by us and, we do not express an opinion, a conclusion, nor provide any assurance on them.
/s/Keith K Zhen CPA
Keith K Zhen CPA
Brooklyn, New York March 25, 2022
2
BALANCE SHEETS
(Unaudited)
December 31, 2021
ASSETS
Current Assets:
$ | 4,596 | |
222,500 | ||
20,700 | ||
247,796 | ||
$ | 247,796 | |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Current Liabilities: | ||
Others payable | $ | 11,371 |
Total Current Liabilities | 11,371 | |
Total Liabilities | 11,371 | |
Commitments and Contingencies (Note 6) | - | |
Shareholders' Equity: | ||
Common stock, par value $0.001, 400,000,000 shares authorized; | ||
11,691,924 shares issued and outstanding | 11,692 | |
Common stock to-be issued | 1,233,390 | |
Additional paid-in capital | 689,340 | |
Retained Earnings (Accumulated deficit) | (1,697,997) | |
Total Shareholders' Equity (Deficit) | 236,425 | |
Total Liabilities and Shareholders' Equity (Deficit) | $ | 247,796 |
The accompanying notes are an integral part of these financial statements. | ||
3 |
Total Assets
Cash and cash equivalents
Equity securities-common stock of BZWR Inventory
Total Current Assets
STATEMENTS OF OPERATIONS
(Unaudited)
For the Year Ended
December 31,
2021
Revenue | ||
Sales | $ | 27,293 |
Cost of Goods Sold | 61,544 | |
Gross Profit | (34,251) | |
Operating Expenses | ||
Selling expenses | 6,000 | |
Officers and employees compensation | 201,798 | |
Constantans Fees | 23,940 | |
Professional fees | 13,000 | |
Software and telecommunication | 10,692 | |
Office expenses | 68,222 | |
Office supplies | 1,434 | |
Bank fees | 1,170 | |
Other general and administrative expenses | 2,770 | |
Total Operating Expenses | 329,026 | |
Loss from Operations | (363,277) | |
Other Income (Expenses) | ||
Unrealized gain on equity securities | 5,250 | |
Total Other Income (Expenses) | 5,250 | |
Lose before Provision for Income Tax | (358,027) | |
Provision for Income Tax | - | |
Net Loss | $ | (358,027) |
Other comprehensive income (loss) | - | |
Total comprehensive income (loss) | $ | (358,027) |
Weighted average shares | ||
used in basic computation | 10,067,149 | |
Effect of dilutive securities: | ||
Warrants | 1,979,945 | |
Common Stock to-be issued for subscription of common stock | 2,648,013 | |
Common Stock to-be issued to directors and officers | 521,875 | |
Common Stock to-be issued for services received | 1,132,818 | |
Common Stock to-be issued pursuant to Stock Exchange Agreement | 1,648 | |
Weighted average shares | ||
used in diluted computation | 16,351,448 | |
Earnings per share: | ||
Basic | $ | (0.04) |
Diluted | $ | (0.02) |
The accompanying notes are an integral part of these financial statements.
4
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Accelerated Technologies Holding Corporation published this content on 04 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2022 19:26:08 UTC.