Carnegie Development, INC
Financial Statements
For
The Period Ending
30th June 2022
(un-audited)
Carnegie Development, INC
Consolidated Balance Sheet (Unaudited)
Assets | Jun-22 | Dec-21 | |||||
Current Assets: | |||||||
Bank Account | - | 1,036 | |||||
Deposit | 1,200,000 | 1,200,000 | |||||
Account Receivable | 110,000.00 | 20,000 | |||||
Prepaid Exp | 1,375 | 4,125.00 | |||||
Total current assets | 1,311,375 | 1,225,161 | |||||
Total assets | 1,311,375 | 1,225,161 | |||||
Liabilities | |||||||
Current Liabilities: | |||||||
Accounts payable | 270,438 | 269,580 | |||||
Credit Card payable | 1,470 | 3,024 | |||||
Loan from related party | 292,815 | 206,679 | |||||
Total Current Liabilities | 564,723 | 479,283 | |||||
Long Term Liabilities: | |||||||
EDIL Loan from SBA | 150,000 | 150,000 | |||||
Interest accured on loan | 8,437 | 5,625 | |||||
Total Long Term Liabilities | 158,437 | 155,625 | |||||
Total liabilities | 723,160 | 634,908 | |||||
Stockholders' Equity | |||||||
Series A preferred stock: 1,000 shares authorized, par value $0.001 | |||||||
per share; 1,000 shares issued and outstanding on June 30, | |||||||
2022 and 1,000 shares issued and outstanding on December 31, | |||||||
2021 | 4,000 | 4,000 | |||||
Common stock: 250,000,000 shares authorized, par value $0.0001 | |||||||
per share, 50,965,621 shares issued and outstanding on June 30, | |||||||
2022 and 50,965,621 shares issued and outstanding on December | |||||||
31, 2021 | 4,532,757 | 4,532,757 | |||||
Retained Earnings | (3,948,542) | (3,946,504) | |||||
Total Stockholders' Equity | 588,215 | 590,253 | |||||
Total Liabilities & Equity | 1,311,375 | 1,225,161 | |||||
See accompanying notes to financial statements
Carnegie Development, INC | |||||||||||
Consolidated Income Statement (Unaudited) | |||||||||||
For 3 months ended | For 6 months ended | ||||||||||
Jun-22 | Jun-21 | Jun-22 | Jun-21 | ||||||||
Net Revenues | 45,000 | - | 90,000 | - | |||||||
Operating expenses: | |||||||||||
Bank Charges | 347 | 419 | 415 | 493 | |||||||
Dues & Subscription | 1,375 | 2,750 | |||||||||
Interest Exp | 1,406 | 2,812 | |||||||||
Legal & Professional | 79,655 | 23,295 | 82,992 | 23,802 | |||||||
Office Exp | 234 | 349 | 673 | 716 | |||||||
Taxes & Licenses | 800 | 800 | 925 | 800 | |||||||
Website Exp | 1,472 | 93 | 1,472 | 93 | |||||||
Total operating expenses | 85,289 | 24,956 | 92,039 | 25,904 | |||||||
Net Gain (loss) | (40,289) | (24,956) | (2,039) | (25,904) | |||||||
Net gain (loss) attributable to common | |||||||||||
stock | (40,289) | (24,956) | (2,039) | (25,904) | |||||||
Earnings per share: | |||||||||||
Basic and diluted | (0.00079) | (0.00054) | (0.00004) | (0.00056) | |||||||
Basic and diluted weighted average | |||||||||||
common shares outstanding | 50,965,621 | 46,203,716 | 50,965,621 | 46,203,716 | |||||||
See accompanying notes to financial statements
Carnegie Development, INC | ||||||||||
Consolidated Cash Flow Statement (Unaudited) | ||||||||||
For 3 months ended | For 6 months ended | |||||||||
Jun-22 | Jun-21 | Jun-22 | Jun-21 | |||||||
Net Gain (loss) | (40,289) | (24,956) | (2,039) | (25,904) | ||||||
Adjustments to reconcile Net Income to Net Cash | ||||||||||
provided by operations: | ||||||||||
Accounts Payable | (2,205) | (12,824) | 858 | (11,920) | ||||||
Accounts Receivable | (45,000) | (90,000) | ||||||||
Credit Card Payable | 219 | 1,113 | (1,555) | 1,113 | ||||||
Prepaid Exp | 1,375 | 2,750 | ||||||||
Total Adjustments to reconcile Net Income to Net | ||||||||||
Cash provided by operations | (45,611) | -11,711 | (87,947) | -10,807 | ||||||
Net cash provided by operating activities | (85,900) | (36,667) | (89,986) | (36,711) | ||||||
CASH FLOW from Investing Activities | ||||||||||
NET CASH used by Investing Activities | ||||||||||
CASH FLOWS from Financing Activities | 84,864 | 36,667 | 88,950 | 36,667 | ||||||
NET CASH used by Financing Activities | 84,864 | 36,667 | 88,950 | 36,667 | ||||||
NET CASH INCREASE (DECREASE) For | ||||||||||
PERIOD | (1036) | 0 | (1036) | (44) | ||||||
Cash, Beginning | 1,036 | 863 | 1,036 | 907 | ||||||
Cash, Ending | 0 | 863 | 0 | 863 | ||||||
SUPPLEMENTAL CASH FLOW INFORMATION AND NONCASH INVESTING AND FINANCING ACTIVITIES: | ||||||||||
Cash paid during the period for: | ||||||||||
Interest | 0 | 0 | 0 | 0 | ||||||
Income taxes | 0 | 0 | 0 | 0 |
See accompanying notes to financial statements
Carnegie Development, INC | |||||||||
Consolidated Statement of Shareholders' Equity | |||||||||
Preferred Stock | Common Stock | Surplus | |||||||
Shares | Value | Addl. | Shares | Value | (Deficit) | Net worth | |||
Balance, January 01, | |||||||||
2020 | 1,000 | 1 | 3,999 | 46,203,716 | 3,532,757 | (3,859,183) | (322,426) | ||
Net Income (Loss) | (73,609) | (73,609) | |||||||
Balance, December | |||||||||
31, 2020 | 1,000 | 1 | 3,999 | 46,203,716 | 3,532,757 | (3,932,792) | (396,035) | ||
Share Issuance | 4,761,905 | 1,000,000 | 1,000,000 | ||||||
Net Income (Loss) | (13,712) | (13,712) | |||||||
Balance, December | |||||||||
31, 2021 | 1,000 | 1 | 3,999 | 50,965,621 | 4,532,757 | (3,946,504) | 590,254 | ||
Net Income (Loss) | (2,039) | (2,039) | |||||||
Balance, June 30, | |||||||||
2022 | 1,000 | 1 | 3,999 | 50,965,621 | 4,532,757 | (3,948,543) | 588,215 |
CARNEGIE DEVELOPMENT INC
NOTES TO FINANCIAL STATEMENTS
June 30, 2022
1. NATURE OF OPERATIONS AND BASIS OFPRESENTATION
Carnegie Development Inc., is a publicly trading company under the symbol, "CDJM"
The Company Website is
http://carnegiedevelopment.net/ This Company was previously known as:
-
Escue Energy Inc until July 1, 2019
o State of incorporation changed from Delaware to Nevada in 2015 - eDoorways Corporation, Inc. until 2015
- M Power Entertainment, Inc. until 2007
- GK Intelligent Systems, Inc. until 2005
- Technicraft Financial, Ltd. until 1994
- Incorporated in Delaware in February 1988
Effective July 1st, 2019 the Articles of Incorporation has been amended and the new name is Carnegie Development, Inc.
On Friday 5th June 2020, FINRA approved the name change as well as the symbol change. The new CUSSIP is 14350V108
Going concern
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Carnegie Development Inc. published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 01:53:07 UTC.