FIRMA HOLDINGS CORP. FIRMA HOLDINGS CORP. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
AS OF AND FOR THE
FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020
TABLE OF CONTENTS
Page
FINANCIAL STATEMENTS:
Consolidated Balance Sheets ....................................................................................................................................... 3
Consolidated Statements of Operations ....................................................................................................................... 4
Consolidated Statements of Stockholders' Equity ....................................................................................................... 5
Consolidated Statements of Cash Flows ..................................................................................................................... 7
Notes to the Consolidated Financial Statements .......................................................................................................... 8-20
FIRMA HOLDINGS CORP. AND SUBSIDIARIES
(An Exploration Stage Company) UNAUDITED CONSOLIDATED BALANCE SHEETS
Assets Current assets:
Cash and cash equivalents Trade receivables Prepaid assets Inventory
Assets held for disposal, net Notes receivable, current Notes receivable, related parties
December 31, 2021
December 31, 2020
$
97,864 $ 1,292
58,00058,000
252,750 10,000- 49,464
- -13,365 -
123,939 3,200
Total current assets | 592,017 | 75,857 |
Goodwill Other
195,627242,877
73
23
Total assets $ | 787,717 $ | 318,757 |
Liabilities and Stockholders' Equity Current liabilities:
Accounts payable and accrued expenses Notes payables, current portion Convertible notes payable, net
$
1,908,499 $ 3,423,385
5,739,4344,370,423
265,163
574,509
Total current liabilities 7,913,096 | 8,368,317 |
Notes payable, non-curent portion
Convertible notes payable, non-curent portion, net
-317,165
4,261,521168,872
Total liabilities | 8,230,261 | 12,798,710 |
Stockholders' equity:Preferred stock undesignated: shares; -0- issued and outstanding
$0.01 par value, authorized 25,000,000
Preferred stock Class A: $0.01 par value, authorized 75,000,000 shares; 75,000,000 issued and outstanding
Common stock: $0.001 par value; authorized 500,000,000 shares; issued and outstanding 288,727,952 and 162,145,696 shares
Additional paid-in capital
Common stock payable Accumulated deficit
-750,000 288,72849,885,459 1,052,949(59,419,681)
-- 162,14644,582,392 828,750(58,053,241)
Total Firma Holdings stockholders' equity | (7,442,544) | (12,479,954) |
)
Total liabilities and stockholders' equity
$
787,717 $
See accompanying notes to these consolidated financial statements.
318,757
FIRMA HOLDINGS CORP. AND SUBSIDIARIES
(An Exploration Stage Company)
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
December 31, 2021
December 31, 2020
Mining revenues | $ - $ - |
Gross margin | - | - |
Net operating loss (income) | 796,689 | (43,471) |
Non-operating (loss) income: |
Interest expense | (1,536,835) (523,047) |
Unrealized gain on cash equivalents | (23,314) - |
Loss before income taxes | (1,356,879) - |
Loss before discontinued operations | (1,356,879) | (566,518) |
Net loss | $ (1,366,437) $ | (14,963,487) |
Net loss per share before discontinued operations, basic and | ||
dilutive | $ (0.00) $ | (0.00) |
Net loss per share, basic and dilutive | $ (0.00) $ | (0.12) |
Cost of revenue | - | - |
Operating, general and administrative expenses | 796,689 | 43,471 |
Interest income | 5,765 | - |
Gain on debt extinguishment | 994,193 | - |
Total non-operating loss | (560,190) | (566,518) |
Income tax provision | - | - |
Loss from discontinued operations, including loss on | ||
disposal | (9,558) | (14,396,969) |
Discontinued operations, basic and dilutive | (0.00) | (0.12) |
Weighted average number of shares, basic and dilutive | 305,413,946 | 122,912,819 |
$
$
See accompanying notes to these consolidated financial statements.
FIRMA HOLDINGS CORP. AND SUBSIDIARIES
(Formerly known as Tara Minerals Corp.)
(An Exploration Stage Company)
UNAUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Balance at December 31, 2019
Cash for stock
Stock for services
Beneficial conversion feature on convertiblePreferred StockSharesCommon StockAmountSharesAdditionalAmount
Paid-In Capital
- $
- 122,145,696
-
-
-
-- -$ 122,146
- -$ 44,332,270--notes payable - - - - 38,122
Stock issued in purchase of subsidiary
Net loss
Balance at December 31, 2020
- - -
- 40,000,000
-40,000 212,000
-
-162,145,696
--$ 162,146
44,582,392
$ | 775,000 |
50,000 | |
3,750 | |
- | |
- | |
- | |
828,750 |
Common Stock | Accumulated | |
Payable | ||
(Receivable) | Deficit | Total |
$(43,089,754) | $ (2,139,660) | |
- | 50,000 | |
- | 3,750 | |
- | 38,122 | |
- | 252,000 | |
(14,963,487) | (14,963,487) | |
(58,053,241) | (12,479,954) |
5
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Firma Holdings Corp. published this content on 13 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2022 14:44:01 UTC.
