Mucinno : Q2 Financial Report 2022

Table of Contents
Accountant's Compilation Report ..............................................................................................................................	1
Consolidated Balance Sheets as of June 30, 2022 and December 31, 2021...............................................................	2
Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2022 and 2021 ...................	3
Consolidated Statements of Comprehensive Income (Loss) for the Three and Six Months Ended June 30, 2022
and 2021 .....................................................................................................................................................................	4
Consolidated Statements of Stockholders' Deficit for the Three and Six Months Ended June 30, 2022 and 2021...	5
Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2022 and 2021 ...................................	6
Notes to the Consolidated Financial Statements ........................................................................................................	7

Accountant's Compilation Report

To Management of

Mucinno Holding, Inc.

Tepeapulco Hidalgo, Mexico

Management is responsible for the accompanying consolidated financial statements of Mucinno Holding, Inc., which comprise the balance sheets as of June 30, 2022 and December 31, 2021, and the related consolidated statements of operations, comprehensive income (loss), changes in stockholders' deficit and cash flows for the three and six months ended June 30, 2022 and 2021, and the related notes to the consolidated financial statements in accordance with accounting principles generally accepted in the United States of America. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. We did not audit or review the consolidated financial statements nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. We do not express an opinion, a conclusion, nor provide any assurance on these financial statements.

D. Brooks and Associates CPAs, P.A.

Palm Beach Gardens, Florida

July 26, 2022

Mucinno Holding, Inc.

Consolidated Balance Sheets

As of June 30, 2022 and December 31, 2021

		June 30,		December 31,
		2022			2021
ASSETS
Current Assets:
Cash	$	10,988	$	47,251
Accounts receivable, net		545,250			391,824
Inventory		9,580			8,064
Other current assets		860,060			903,463
Total current assets		1,425,877			1,350,603
Property and Equipment, net		3,037,670			3,479,195
Other Assets		252,254			227,539
Total assets	$	4,715,801	$	5,057,337
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities:
Accounts payable and accrued expenses	$	717,226	$	719,397
Convertible debt		931,500			931,500
Accrued interest on convertible debt		101,285			94,040
Derivative liabilities		2,150,000			1,216,000
Current portion of long term debt		805,629			616,943
Total current liabilities		4,705,641			3,577,880
Long Term Debt, less current portion		2,416,175			2,890,879
Total liabilities		7,121,816			6,468,759
Commitments and Contingencies (Note 7)
Stockholders' Deficit:
Series A preferred stock, $0.001 par value, 10,000,000 shares authorized;
50 shares issued and outstanding		-			-
Common stock, $0.001 par value, 10,000,000,000 shares authorized;
6,134,463,986 shares shares issued and outstanding		6,134,464			6,134,464
Par value in excess of paid in capital		(11,079,415)			(11,079,415)
Retained earnings		3,499,753			3,873,552
Accumulated comprehensive loss		(960,817)			(340,023)
Total stockholders' deficit		(2,406,015)			(1,411,422)
Total liabilities and stockholders' deficit	$	4,715,801	$	5,057,337

See accountant's compilation report.

2

Mucinno Holding, Inc.

Consolidated Statements of Operations

For the Three and Six Months Ended June 30, 2022 and 2021

		Three Months Ended June 30,			Six Months Ended June 30,
		2022			2021			2022			2021
Revenues	$	2,301,546	$	1,493,095	$	4,309,865	$	1,876,808
Cost of Sales		819,440			608,803			1,520,158			901,666
Gross profit		1,482,106			884,292			2,789,707			975,142
General and Administrative Expense		1,271,538			338,676			1,889,303			502,058
Income from operations		210,568			545,616			900,404			473,083
Other Income (Expenses):
Other income		21,598			-			22,439			-
Change in fair value of derivative liabilites		(838,000)			92,000			(934,000)			511,892
Interest expense		(252,327)			(101,090)			(355,330)			(188,549)
Other income (expense), net		(1,068,729)			(9,090)			(1,266,891)			323,343
Income (loss) before income taxes		(858,161)			536,525			(366,487)			796,426
Income Taxes		(5,211)			-			(7,313)			-
Net Income (Loss)	$	(863,372)		$	536,525		$	(373,800)		$	796,426
Basic Net Income (Loss) Per Share	$	(0.00)		$	0.00		$	(0.00)		$	0.00
Diluted Net Income (Loss) Per Share	$	(0.00)		$	(0.00)		$	(0.00)		$	0.00
Basic Weighted Average Shares Outstanding		6,134,463,986			6,134,463,986		6,134,463,986			6,134,463,986
Diluted Weighted Average Shares Outstanding		6,134,463,986			6,173,776,050	6,134,463,986			6,173,776,050

See accountant's compilation report.

3

Mucinno Holding, Inc.

Consolidated Statements of Comprehensive Income

For the Three and Six Months Ended June 30, 2022 and 2021

		Three Months Ended June 30,			Six Months Ended June 30,
		2022			2021			2022			2021
Net Income (Loss)	$	(863,372)	$	536,525	$	(373,800)	$	796,426
Foreign currency translation gain (loss)		90,643			(267,870)			(620,794)			(67,025)
Comprehensive income (loss)	$	(772,729)	$	268,655	$	(994,594)	$	729,401

See accountant's compilation report.

4