Stargaze Entertainment : Quarterly Financial Statement May 31, 2022

STARGAZE ENTERTAINMENT GROUP INC.

FINANCIAL STATEMENTS Ended May 31, 2022

(Unaudited)

The accompanying notes are an integral part of these financial statements

STARGAZE ENTERTAINMENT GROUP INC.

Management Report

Ended May 31, 2022

(Unaudited)

Management's Certification

Stargaze Entertainment Group's Management certifies that all corporate actions are performed in conformity with the Securities Exchange Commission policies and Pink Sheets disclosure policies, and that the Company is currently in good standing and up to date in its corporate reports in compliance with all applicable laws.

The accompanying consolidated unaudited financial statements and the notes thereto, present fairly, in all material respects, the financial position of Stargaze Entertainment Group Inc. Inc. and the results of its operations and cash flows for the periods presented, in conformity with accounting principles generally accepted in the United States, consistently applied.

These statements were produced internally and published for the benefit of the shareholders.

(Signature in file)

Antonio Diverdis

President

July 11 th, 2022

STARGAZE ENTERTAINMENT GROUP INC.

Balance Sheet

As at May 31, 2022

Assets		May. 31, 2022	Nov. 30, 2021
Current Assets		(Unaudited)	(Unaudited)
Bank	$	10,657	$	-
Total Current Assets		10,657		-
Intellectual Property and Music Distribution Rights		600,920		-
	$	611,577	$	-
Liabilities & Stockholders' (Deficit)
Current Liabilities
Accounts Payable and Accrued Liabilities	$	-	$	3,148
Total Current Liabilities		-		3,148
Long Term Liabilities
Loan to Affiliate		258,029		-
Promissory note		25,000
Total Long Term Liabilities		283,029		-
Total Liabilities		283,029		3,148
Stockholders' (Deficit)
Common Stock, $.001 par value; 900,000,000 shares authorized,
336,733,673 issued and outstanding (note 5)		336,734		681,384
Preferred stock, $.001 par value; 5,000,000 shares authorized
1,080,000 issued and outstanding (note 5,7)		1,080		1,080
Additional paid in capital common stock (note 5)		1,884,955	112,848,000
(Deficit) Accumulated		(1,894,221)	(113,533,612)
		328,548		(3,148)
	$	611,577	$	0

The accompanying notes are an integral part of these financial statements

STARGAZE ENTERTAINMENT GROUP INC.

Statements of Operations

Ended May 31, 2022

		2nd Quarter		Year Ended
		May. 31		November 30.
		2022		2021
Revenues	$	-	$	5
Operating Expenses
Corporate Fees & Licenses		6,637		2,810
Legal Fees		1,224		-
Consulting Fees		112,470		5,000
Administration and Office Expenses		1,246		421
Stock Based Compensation		-		111,760,968
		121,577		111,769,200
Operating (Loss)		(121,577)		(111,769,195)
Other income (expense)
Reversal Stock Based Compensation		111,760,968		-
		111,760,968
Net (loss)	$	111,639,391	$	(111,769,195)

The accompanying notes are an integral part of these financial statements

STARGAZE ENTERTAINMENT GROUP INC.

Statement of Cash Flows

Ended May 31, 2022

	2nd Quarter	Year Ended
	May. 31	November 30.
	2022	2021
Operating Activities
Net (Loss)	111,639,391	(111,769,195)
Depreciation	-	-
Accounts Receivables	-	-
(Decrease) Increase in accounts payable and accrued liabilities	(3,148)	3,180
Cash (used in) operating activities	111,636,243	(111,766,015)
Financing Activities
Loans	283,029	-
Issuance of capital stock	(111,307,695)	111,760,968
Cash provided by financing activities	(111,024,666)	111,760,968
Investing activities
Additions to fixed and intangible assets	(600,920)	-
	-	-
Cash flows provided by (used in) investing activities	(600,920)	-
(Decrease) Increase Cash and cash equivalents	10,657	(5,047)
Beginning of period	-	5,047
End of period	10,657	0

The accompanying notes are an integral part of these financial statements