Energy Revenue America : Annual Report

ERAO 2021 December 31 Year End

Balance Sheet

	December
		31,
ASSETS		2021
Current Assets
Cash		300
Advances		7050
Total Current Assets		7,350
Fixed Assets
Equipment		15,512
Furniture		3,948
Software		1,249
WI in leases		20,000
Total Fixed Assets		40,710
Other Assets
Deposits		12,772
Investments in lease holdings		25,000
Total other Assets		37,772
Total assets	$	85,833
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts Payable		268,440
Advances		74,724
Total current liabilities	$	343,164
Stockholders' deficit
Common stock, $0.001 par value; 250,000,000 shares authorized; 248,291,111 shares issued and
outstanding		370,312
Preferred stock, $0.001 par value; 5,000,000 shares authorized; no shares issued and outstanding		-
Additional paid in capital		-
Accumulated deficit		(627,643)
Total stockholders' deficit		(257,330)
Total Liabilities and Stockholders Equity		85,833

ERAO, Inc.

Statement of Operations

			From
	December 31,
			2020 to
	December 31,
			2021
Operating expenses
General and Administrative expenses	$	-
Total operating expenses			-
Net loss	$	(-)
Basic and diluted net loss per common share	$	(0.00)
Basic and diluted weighted average common shares outstanding			248,291,111

See accompanying notes to financial statements.

ERAO, Inc.

Statement of Changes in Stockholders' Deficit

For the period from December 31, 2020 through December 31, 2021

								Discount
								on			Additional
	Common Stock			Common				Paid In	Accumulated
Balance, December 31, 2020	Shares		Amount			Stock				Capital		Deficit			Total
248,291,111			$	248,291			$	-		$	122,021			$	(627,643)		$	257,330
Common stock issued for cash	-				-				-			-				-			-
Net loss	-				-				-			-				-
Balance, December 31, 2021	248,291,111		$	248,291				-		$	122,021		$	(627,643	)	$	257,330

See accompanying notes to financial statements.

ERAO, Inc.

Statement of Cash Flows

Cash flows from operating activities

Net loss

Adjustments to reconcile net loss to net cash used in operations General and administrative expenses paid by officers

Net cash used in operating activities

Net change in cash

Cash, beginning of period

Cash, end of period

Supplemental cash flow information

Cash paid for interest

Cash paid for income taxes

See accompanying notes to financial statements.

Period of

December

31, 20120

to

December

31, 2021

$ -

-

-

-

300

$ 300

$	-
$	-

NOTE A-NATURE OF BUSINESS Organization and Description of Business

Energy Revenue America, Inc. ("ERA")("The Company") was incorporated in the State of Nevada on October 17, 1997 as Scotties Fish and Chips, Inc. The issuer changed its name to European Day Spa and Tanning Salon Holding Company, Inc. on October 5, 2000. The issuer changed it name to European Diversified Holding Company on October 15, 2002. Subsequently, the issuer merged with NavStar Technologies, Inc. on July 16, 2007 and changed its name to NavStar Technologies, Inc.

On July 18, 2012 the Company removed 17,868,867 shares, accounted for as outstanding shares, from a pool of shares then earmarked for future needs such as incentive compensation for management and employees of the Company. This resulted in no impact to results of operations or shareholders' deficit.

The issuer merged ("The Merger") with Energy Revenue America, LLC on July 31, 2012, and changed its name to Energy Revenue America, Inc.

As a term of the merger, ERA did not acquire assets and did not assume obligations of the predecessor company.

NOTE B-GOING CONCERN

These financial statements do not include any adjustments relating to the recover of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern. The accompanying financial statements have been prepared on an limited going concern basis, which contemplates the assets and liabilities n the normal course of business.

The company had a financial setback in 2015 cause by having only one source of income for a small startup company in the natural gas shallow CBM production. ERA became inactive for the following four years completely shutting down al operations but keeping the 248,291,111 stockholders for restructuring with a whole new team of players and owners in place to guide ERA going forward. Everything was in place for ERA to move forward when the world was hit with Covid-19 and stopped all activity. ERA lost some of their support during this period but are standing by to start again before years end assuming Covid-19 has slowed down enough for them to get started. Because of being shut down, ERA had no income or operations to show. Also, no new stock was issued.

Revenue Recognition

The Company recognizes revenue from the sale of products and services in accordance with Accounting Standards Codification 605 (ASC 605) and Securities and Exchange Commission Staff Accounting Bulletin No 104 "Revenue Recognition in Financial Statements" ("SAB No 104"). Revenues will be recognized.

NOTE C- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.