Carnegie Development : Financial Statements

Carnegie Development, INC

Financial Statements

For

The Period Ending

30th June 2022

(un-audited)

Carnegie Development, INC

Consolidated Balance Sheet (Unaudited)

		Assets		Jun-22		Dec-21
		Current Assets:
		Bank Account	-		1,036
		Deposit		1,200,000		1,200,000
		Account Receivable		110,000.00		20,000
		Prepaid Exp		1,375		4,125.00
		Total current assets		1,311,375		1,225,161
		Total assets		1,311,375		1,225,161
		Liabilities
		Current Liabilities:
		Accounts payable		270,438		269,580
		Credit Card payable		1,470		3,024
		Loan from related party		292,815		206,679
		Total Current Liabilities		564,723		479,283
		Long Term Liabilities:
		EDIL Loan from SBA		150,000		150,000
		Interest accured on loan		8,437		5,625
		Total Long Term Liabilities		158,437		155,625
		Total liabilities		723,160		634,908
		Stockholders' Equity
		Series A preferred stock: 1,000 shares authorized, par value $0.001
		per share; 1,000 shares issued and outstanding on June 30,
		2022 and 1,000 shares issued and outstanding on December 31,
		2021		4,000		4,000
		Common stock: 250,000,000 shares authorized, par value $0.0001
		per share, 50,965,621 shares issued and outstanding on June 30,
		2022 and 50,965,621 shares issued and outstanding on December
		31, 2021		4,532,757		4,532,757
		Retained Earnings		(3,948,542)		(3,946,504)
		Total Stockholders' Equity		588,215		590,253
		Total Liabilities & Equity		1,311,375		1,225,161

See accompanying notes to financial statements

		Carnegie Development, INC
	Consolidated Income Statement (Unaudited)
				For 3 months ended		For 6 months ended
				Jun-22		Jun-21		Jun-22		Jun-21
	Net Revenues			45,000		-		90,000		-
	Operating expenses:
	Bank Charges			347		419		415		493
	Dues & Subscription			1,375				2,750
	Interest Exp			1,406				2,812
	Legal & Professional			79,655		23,295		82,992		23,802
	Office Exp			234		349		673		716
	Taxes & Licenses			800		800		925		800
	Website Exp			1,472		93		1,472		93
	Total operating expenses	85,289	24,956	92,039	25,904
	Net Gain (loss)	(40,289)	(24,956)	(2,039)	(25,904)
	Net gain (loss) attributable to common
	stock	(40,289)	(24,956)	(2,039)	(25,904)
	Earnings per share:
	Basic and diluted			(0.00079)		(0.00054)		(0.00004)		(0.00056)
	Basic and diluted weighted average
	common shares outstanding			50,965,621		46,203,716		50,965,621		46,203,716

See accompanying notes to financial statements

	Carnegie Development, INC
	Consolidated Cash Flow Statement (Unaudited)
			For 3 months ended		For 6 months ended
			Jun-22			Jun-21		Jun-22		Jun-21
	Net Gain (loss)		(40,289)			(24,956)		(2,039)		(25,904)
	Adjustments to reconcile Net Income to Net Cash
	provided by operations:
	Accounts Payable		(2,205)			(12,824)		858		(11,920)
	Accounts Receivable		(45,000)					(90,000)
	Credit Card Payable		219			1,113		(1,555)		1,113
	Prepaid Exp		1,375					2,750
	Total Adjustments to reconcile Net Income to Net
	Cash provided by operations		(45,611)			-11,711		(87,947)		-10,807
	Net cash provided by operating activities		(85,900)			(36,667)		(89,986)		(36,711)
	CASH FLOW from Investing Activities
	NET CASH used by Investing Activities
	CASH FLOWS from Financing Activities		84,864			36,667		88,950		36,667
	NET CASH used by Financing Activities		84,864			36,667		88,950		36,667
	NET CASH INCREASE (DECREASE) For
	PERIOD		(1036)			0		(1036)		(44)
	Cash, Beginning		1,036			863		1,036		907
	Cash, Ending		0			863		0		863
	SUPPLEMENTAL CASH FLOW INFORMATION AND NONCASH INVESTING AND FINANCING ACTIVITIES:
	Cash paid during the period for:
	Interest	0			0	0	0
	Income taxes		0			0		0		0

See accompanying notes to financial statements

			Carnegie Development, INC
		Consolidated Statement of Shareholders' Equity
	Preferred Stock	Common Stock	Surplus
	Shares	Value	Addl.	Shares	Value	(Deficit)	Net worth
Balance, January 01,
2020	1,000	1	3,999	46,203,716	3,532,757		(3,859,183)	(322,426)
Net Income (Loss)							(73,609)	(73,609)
Balance, December
31, 2020	1,000	1	3,999	46,203,716	3,532,757		(3,932,792)	(396,035)
Share Issuance				4,761,905	1,000,000			1,000,000
Net Income (Loss)							(13,712)	(13,712)
Balance, December
31, 2021	1,000	1	3,999	50,965,621	4,532,757		(3,946,504)	590,254
Net Income (Loss)							(2,039)	(2,039)
Balance, June 30,
2022	1,000	1	3,999	50,965,621	4,532,757		(3,948,543)	588,215

CARNEGIE DEVELOPMENT INC

NOTES TO FINANCIAL STATEMENTS

June 30, 2022

1. NATURE OF OPERATIONS AND BASIS OFPRESENTATION

Carnegie Development Inc., is a publicly trading company under the symbol, "CDJM"

The Company Website is

http://carnegiedevelopment.net/ This Company was previously known as:

• Escue Energy Inc until July 1, 2019
  o State of incorporation changed from Delaware to Nevada in 2015
• eDoorways Corporation, Inc. until 2015
• M Power Entertainment, Inc. until 2007
• GK Intelligent Systems, Inc. until 2005
• Technicraft Financial, Ltd. until 1994
• Incorporated in Delaware in February 1988

Effective July 1st, 2019 the Articles of Incorporation has been amended and the new name is Carnegie Development, Inc.

On Friday 5th June 2020, FINRA approved the name change as well as the symbol change. The new CUSSIP is 14350V108

Going concern