WhereverTV Broadcasting : 1st QTR Financials and Disclosure

WHEREVERTV BROADCASTING CORPORATION

AND SUBSIDIARIES

TABLE OF CONTENTS

Condensed Consolidated Balance Sheets as of March 31, 2022 (Unaudited)
and December 31, 2021 (Unaudited)	1
Condensed Consolidated Statements of Operations for the Three Months Ended
March 31, 2022 and 2021 (Unaudited)	2
Condensed Consolidated Statements of Changes in Stockholder's Deficiency
for the Three Months Ended March 31, 2022 and 2021 (Unaudited)	3
Condensed Consolidated Statements of Cash Flows for the Three Months Ended
March 31, 2022 and 2021 (Unaudited)	4
Notes to Consolidated Financial Statements (Unaudited)	5 - 13

WHEREVERTV BROADCASTING CORPORATION AND SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

		March 31,		December 31,
		2022			2021
ASSETS
Current Assets
Cash	$	16,928	$	73,438
Total Current Assets		16,928			73,438
Long Term Assets
Furniture and Equipment(net)		11,877			13,138
Intangible Assets(net)		112,663			114,775
Security Deposits and Other Assets		5,000			5,000
Total Long Term Assets		129,540			132,913
Total Assets	$	146,468	$	206,351
LIABILITIES AND STOCKHOLDERS' DEFICIT
Liabilities
Current Liabilities:
Accounts Payable	$	264,759	$	261,259
Accrued Interest		68,000			64,000
Loan From Shareholders		200,000			200,000
Total Current Liabilities		532,759			525,259
Total Liabilities		532,759			525,259
Commitments and Contingencies (notes 1 and 11)
STOCKHOLDERS' EQUITY:
Preferred Stock - $.001 par value,		-			-
10,000,000 authorized shares,
0 shares issued and outstanding
Common Stock - $.0001 par value,		25,830			25,830
300,000,000 authorized shares,
258,296,826 and 258,296,826
issued and outstanding
Additional Paid In Capital		8,128,813			8,128,813
Accumulated Deficit		(8,540,934)			(8,473,551)
Total Stockholders' Equity		(386,291)			(318,908)
TOTAL LIABILITIES AND EQUITY	$	146,468	$	206,351

See Accompanying Notes to The Condensed Consolidated Financial Statements

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WHEREVERTV BROADCASTING CORPORATION AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

		For the Three Months Ending March 31,
		2022			2021
Revenues	$	3	$	236
Cost of Goods Sold		5,507			18,901
Gross (Loss) Profit		(5,504)			(18,665)
Operating Expenses:
Salaries and Employee Benefits	$	-	$	-
Professional Fees		31,780			118,068
Interest Expense		4,000			4,000
Software Development		-			3,500
Contracted Services		435			1,885
Depreciation and Amortization		3,373			3,993
Rent		16,152			16,053
Telephone		636			641
Other Operating Expenses		5,503			8,305
Total Operating Expenses		61,879			156,445
Net Loss	$	(67,383)	$	(175,110)
Loss Per Share -
Basic and Diluted		(0.000)			(0.001)
Weighted-Average Common Shares
Outstanding -
Basic and Diluted		258,296,826			258,296,826

See Accompanying Notes To The Condensed Consolidated Financial Statements

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Balance at December 31, 2020

Net Loss

Balance at December 31, 2021

Net Loss

Balance at March 31, 2022

WHEREVERTV BROADCASTING CORPORATION AND SUBSIDIARY

CONDENSED STATEMENTS OF STOCKHOLDERS' DEFICIT (UNAUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2022 AND 2021

																Accumulated
											Additional						Other
Preferred Stock		Common Stock			Paid in			Accumulated		Comprehensive		Stockholders'
Shares			Amount		Shares			Amount			Capital			Deficit			Loss		DeficitEquity
-	$	-	258,296,826	$	25,830	$	8,128,813	$	(7,636,580)	$	-	$	518,063
-			-		-			-			-			(836,971)			-			(836,971)
-	$	-	258,296,826	$	25,830	$	8,128,813	$	(8,473,551)	$	-	$	(318,908)
-			-		-			-			-			(67,383)			-			(67,383)
-	$	-	258,296,826	$	25,830	$	8,128,813	$	(8,540,934)	$	-	$	(386,291)

See Accompanying Notes to the Condensed Consolidated Financial Statements

3

WHEREVERTV BROADCASTING CORPORATION AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

		Period Ending March 31,
		2022			2021
CASH FLOW FROM OPERATING ACTIVITIES
Net Loss	$	(67,383)	$	(175,110)
Adjustments to reconcile net loss to net cash
used in operations:
Depreciation		1,261			1,881
Amortization		2,112			2,112
Increase in Prepaid Expenses and Other Assets		-			-
Increase(Decrease) in:
Accounts Payable		3,500			9,000
ACCRUED INTEREST		4,000			4,000
NET CASH USED IN OPERATING ACTIVITIES	$	(56,510)	$	(158,117)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of Furniture and Equipment	$	-	$	-
NET CASH USED FOR INVESTING ACTIVITIES	$	-	$	-
CASH FLOWS FROM FINANCING ACTIVITIES
Increase(Decrease) in Loans From Stockholder	$	-	$	-
NET CASH PROVIDED BY FINANCING ACTIVITIES	$	-	$	-
NET DECREASE IN CASH	$	(56,510)	$	(158,117)
CASH AT THE BEGINNING OF THE PERIOD		73,438			883,636
CASH AT END OF THE PERIOD	$	16,928	$	725,519
Supplemental Disclosure of cash flow information:
Loans From Shareholders Convererted Into
Restricted Common Stock	$	-	$	-
Accrued Interest Converted into Restricted Common Stock	$	-	$	-

See Accompanying Notes To The Condensed Consolidated Financial Statements

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