COLUMBINE VALLEY RESOURCES INC.
FINANCIAL STATEMENTS
(Unaudited)
Balance Sheets - March 31, 2022 and December 31, 2021 Statement of Operations - Three Months Ended March 31, 2022
Statement of Changes in Stockholders' Equity (Deficit) - Three Months Ended March 31, 2022
Statement of Cash Flows - Three Months Ended March 31, 2022 Notes to Financial Statements
Columbine Valley Resources, Inc.
Balance Sheets
(Unaudited) | ||||
March 31, | December 31, | |||
2022 | 2021 | |||
ASSETS | ||||
Current assets | ||||
Cash and cash equivalents | $ | 115 | $ | 115 |
Total current assets | 115 | 115 | ||
Total assets | $ | 115 | $ | 115 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||
Current liabilities | ||||
Accounts payable | $ | 1,525 | $ | - |
Accrued liabilities, related party | 752 | 456 | ||
Note payable, related party | 22,625 | 22,625 | ||
Total current liabilities | 24,902 | 23,081 | ||
Total liabilities | 24,902 | 23,081 | ||
Commitments and Contingencies | - | |||
STOCKHOLDERS' DEFICIT | ||||
Preferred shares, $0.001 par value, 50,000,000 shares authorized; | ||||
no shares issued and outstanding at March 31, 2022 and | ||||
December 31, 2021 | - | - | ||
Common shares, $0.001 par value, 275,000,000 shares authorized; | ||||
6,994,758 shares issued and outstanding at March 31, 2022 | ||||
and December 31, 2021 | 6,994 | 6,994 | ||
Additional paid in capital | 142,155,546 | 142,155,546 | ||
Accumulated (deficit) | (142,187,327) | (142,185,506) | ||
Stockholders' deficit | (24,787) | (22,966) | ||
Total liabilities and stockholders' deficit | $ | 115 | $ | 115 |
The accompanying notes are an integral part of these financial statements.
Columbine Valley Resources, Inc.
Statement of Operations
Three Months Ended March 31, 2022
(Unaudited)
Operating expenses: | ||
Professional fees | $ | 1,525 |
Total operating expenses | 1,525 | |
Loss from operations | (1,525) | |
Other expenses: | ||
Interest expense, related party | (296) | |
Total other expenses | (296) | |
Loss before income taxes | (1,821) | |
Income taxes | - | |
Net loss | $ | (1,821) |
Net loss per common share | ||
Basic and diluted | $ | * |
Weighted average number of common shares | ||
Basic and diluted | 6,994,758 | |
* Net loss is less than $0.01 per share.
The accompanying notes are an integral part of these financial statements.
Columbine Valley Resources, Inc.
Statement of Changes in Stockholders' Deficit
(Unaudited)
Total | ||||||||||||||||||||||||||||||||||
Preferred Shares | Common Shares | Additional | Stockholders | |||||||||||||||||||||||||||||||
$0.001 Par Value | $0.001 Par Value | Paid-in | Accumulated | Equity | ||||||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | Capital | (Deficit) | (Deficit) | ||||||||||||||||||||||||||||
BALANCES, January 1, 2022 | - | $ | - | 6,994,758 | $ | 6,994 | $ | 142,155,546 | $ | (142,185,506) | $ | (22,966) | ||||||||||||||||||||||
Net loss for the period | - | - | - | - | - | (1,821) | (1,821) | |||||||||||||||||||||||||||
BALANCES, March 31, 2022 | - | $ | - | 6,994,758 | $ | 6,994 | $ | 142,155,546 | $ | (142,187,327) | $ | (24,787) |
The accompanying notes are an integral part of these financial statements.
Columbine Valley Resources, Inc.
Statement of Cash Flows
Three Months Ended March 31, 2022
(Unaudited)
OPERATING ACTIVITIES | ||
Net loss | $ | (1,821) |
Adjustments to reconcile net loss to net cash | ||
flows (used in) operating activities: | - | |
Changes in | ||
Accounts payable | 1,525 | |
Accrued liabilities, related party | 296 | |
Net cash (used in) operating activities | - | |
INVESTING ACTIVITIES | ||
Net cash (used in) investing activities | - | |
FINANCING ACTIVITIES | ||
Net cash provided by financing activities | - | |
Net increase in cash | - | |
Cash at beginning of year | 115 | |
Cash at end of year | $ | 115 |
Supplemental Schedule of Cash Flow Information: | ||
Interest paid | $ | - |
Income taxes paid | $ | |
- | ||
The accompanying notes are an integral part of these financial statements.
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Columbine Valley Resources Inc. published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 22:43:04 UTC.