BLUEFIRE EQUIPMENT CORPORATION BLUEFIRE EQUIPMENT CORP.
(BLFR)
QUARTERLY REPORT
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2021
BLUEFIRE EQUIPMENT CORP.
QUARTERLY REPORT
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2021
(Unaudited)
Index | ||
Condensed Consolidated Unaudited Financial Statements | 3 | |
Condensed Consolidated Unaudited Balance Sheet as at September 30, 2021 and December 31, 2020 | 3 | |
Condensed Consolidated Unaudited Statement of Operations for the Three and Nine Months Ended September 30, 2021 and 2020 | 4 | |
Condensed Unaudited Statement of Changes in Stockholders' Equity for the Nine Months Ended September 30, 2021 and Year Ending | 5 | |
December 31, 2020 | ||
Condensed Consolidated Unaudited Statement of Cash Flow for the Nine Months Ended September 30, 2021 and 2020 | 6 | |
Notes to the Condensed Consolidated Unaudited Financial Statements | 7 | |
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BLUEFIRE EQUIPMENT CORP. | |||||||||
Condensed Consolidated Unaudited Financial Statements | |||||||||
Balance Sheet | |||||||||
As at | As at | ||||||||
September 30, | December 31, | ||||||||
Notes | 2021 | 2020 | |||||||
ASSETS | |||||||||
Current assets | |||||||||
Cash and cash equivalents | 2 | $ | - | $ | - | ||||
Inventory | - | - | |||||||
TOTAL ASSETS | $ | - | $ | - | |||||
LIABILITIES & STOCKHOLDERS' DEFICIT | |||||||||
Current liabilities | |||||||||
Accrued expenses | $ | 3,375 | $ | - | |||||
Loans & notes payable, short-term or current | 4 | - | 338,837 | ||||||
Derivative liability | - | - | |||||||
TOTAL LIABILITIES | $ | 3,375 | $ | 338,837 | |||||
STOCKHOLDERS' DEFICIT | |||||||||
Preferred stock Series A: par value $0.0001, 100,000,000 authorized and 1,000,000 issued | 5 | 100 | 100 | ||||||
and outstanding at September 30, 2021 and December 31, 2020 | |||||||||
Common stock: par value $0.0001, 2,000,000,000 authorized and 33,947,368 issued and | 5 | 3,395 | 3,395 | ||||||
outstanding at September 30, 2021 and December 31, 2020 | |||||||||
Additional paid-in capital | 91,739 | 91,739 | |||||||
Stock subscribed for | - | 675,384 | |||||||
Accumulated deficit | (98,609) | (1,109,455) | |||||||
TOTAL STOCKHOLDERS' DEFICIT | (3,375) | (338,837) | |||||||
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ | - | $ | - | |||||
See accompanying notes to these condensed consolidated unaudited financial statements. | |||||||||
Page F‐3
BLUEFIRE EQUIPMENT CORP.
Condensed Consolidated Unaudited Financial Statements
Statement of Operations
Three Months Ended | Nine Months Ended | |||||||||||
September 30, | September 30, | |||||||||||
2021 | 2020 | 2021 | 2020 | |||||||||
Revenues | $ | - | $ | - | $ | - | $ | - | ||||
Cost of goods sold | - | - | - | - | ||||||||
Gross profit | - | - | - | - | ||||||||
Operating expenses | ||||||||||||
Selling, general & administrative expenses | 1,375 | - | 3,375 | - | ||||||||
Bad debt provision | - | - | - | - | ||||||||
Depreciation & amortization | - | - | - | - | ||||||||
Total operating expenses | 1,375 | - | 3,375 | - | ||||||||
Income (loss) from operations | (1,375) | - | (3,375) | - | ||||||||
Other income (expenses) | ||||||||||||
Financing costs | (5,569) | (5,569) | (16,526) | (17,012) | ||||||||
Gain (loss) on revaluation of derivative liability | - | - | - | - | ||||||||
Other income (expenditure) net | 1,030,747 | - | 1,030,747 | - | ||||||||
Income (loss) before income taxes | $ | 1,023,803 | $ | (5,569) | $ | 1,010,846 | $ | (17,012) | ||||
Provision for income taxes | - | - | - | - | ||||||||
Net income (loss) | $ | 1,023,803 | $ | (5,569) | $ | 1,010,846 | $ | (17,012) | ||||
Net income (loss) per share | $ | 0.03 | $ | (0.00) | $ | 0.03 | $ | (0.00) | ||||
Weighted average shares outstanding | 33,947,368 | 33,947,368 | 33,947,368 | 33,947,368 | ||||||||
See accompanying notes to these condensed consolidated unaudited financial statements. | ||||||||||||
Page F‐4
BLUEFIRE EQUIPMENT CORP.
Condensed Consolidated Unaudited Financial Statements
Statement of Changes in Stockholders' Equity
Additional | |||||||||||||||||||
Preferred Stock | Common Stock | Paid-in | Accumulated | ||||||||||||||||
Number | Value | Number | Value | Capital | Surplus (Deficit) | Total | |||||||||||||
Balance b/f as at | 1,000,000 | $ | 100 | 33,947,368 | $ | 3,395 | $ | 767,123 | $ | (1,086,874) | $ | (316,256) | |||||||
January 1, 2020 | |||||||||||||||||||
Net loss, year ending | - | - | - | - | - | (22,581) | (22,581) | ||||||||||||
December 31, 2020 | |||||||||||||||||||
Balance b/f January 1, | 1,000,000 | $ | 100 | 33,947,368 | $ | 3,395 | $ | 767,123 | $ | (1,109,455) | $ | (338,837) | |||||||
2021 | |||||||||||||||||||
Common stock | - | - | - | - | (675,384) | - | (675,384) | ||||||||||||
subscribed for | |||||||||||||||||||
Net income, nine | - | - | - | - | - | 1,010,846 | 1,010,846 | ||||||||||||
months ended | |||||||||||||||||||
Balance c/f as at | 1,000,000 | $ | 100 | 33,947,368 | $ | 3,395 | $ | 91,739 | $ | (98,609) | $ | (3,375) | |||||||
September 30, 2021 |
See accompanying notes to these condensed consolidated unaudited financial statements.
Page F‐5
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BlueFire Equipment Corporation published this content on 07 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 January 2022 18:37:06 UTC.
