Columbine Valley Resources : Annual Financial Report 12/31/2021

COLUMBINE VALLEY RESOURCES INC.

FINANCIAL STATEMENTS

(Unaudited)

Balance Sheets - December 31, 2021 and March 31, 2021

Statement of Operations - For the Period April 1, 2021 (Inception) through December 31, 2021

Statement of Changes in Stockholders' Equity (Deficit) - For the Period April 1, 2021 (Inception) through December 31, 2021

Statement of Cash Flows - For the Period April 1, 2021 (Inception) through December 31, 2021

Notes to Financial Statements

Columbine Valley Resources, Inc.

Balance Sheets

(Unaudited)
			December 31,			March 31,
ASSETS			2021			2021
Current assets
Cash and cash equivalents	$	115	$	115
Total current assets		115		115
Total assets	$	115	$	115
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable	$	-	$	4,481
Accrued liabilities, related party		456		-
Note payable, related party		22,625		-
Total current liabilities		23,081		4,481
Total liabilities		23,081		4,481
Commitments and Contingencies		-
STOCKHOLDERS' DEFICIT
Preferred shares, $0.001 par value, 50,000,000 shares authorized;
no shares issued and outstanding at December 31, 2021 and
March 31, 2021		-		-
Common shares, $0.001 par value, 275,000,000 shares authorized;
6,994,758 shares issued and outstanding at December 31, 2021
and March 31, 2021		6,994		6,994
Additional paid in capital		142,155,546		142,155,546
Accumulated (deficit)		(142,185,506)		(142,166,906)
Stockholders' deficit		(22,966)		(4,366)
Total liabilities and stockholders' deficit	$	115	$	115

The accompanying notes are an integral part of these financial statements.

Columbine Valley Resources, Inc.

Statement of Operations

For the Period April 1, 2021 (Inception) through December 31, 2021

(Unaudited)

Operating expenses:
Professional fees	$	18,145
Total operating expenses		18,145
Loss from operations		(18,145)
Other expenses:
Interest expense, related party		(455)
Total other expenses		(455)
Loss before income taxes		(18,600)
Income taxes		-
Net loss	$	(18,600)
Net loss per common share
Basic and diluted	$	*
Weighted average number of common shares
Basic and diluted		6,994,758

* Net loss is less than $0.01 per share.

The accompanying notes are an integral part of these financial statements.

Columbine Valley Resources, Inc.

Statement of Changes in Stockholders' Deficit

(Unaudited)

																Total
	Preferred Shares			Common Shares		Additional				Stockholders
	$0.001 Par Value			$0.001 Par Value		Paid-in		Accumulated			Equity
	Shares			Amount			Shares		Amount		Capital		(Deficit)			(Deficit)
BALANCES, April 1, 2021	-	$		-	6,994,758	$	6,994	$	142,155,546	$	(142,166,906)	$		(4,366)
Net loss for the period		-			-		-		-		-		(18,600)			(18,600)
BALANCES, December 31, 2021		-	$		-		6,994,758	$	6,994	$	142,155,546	$	(142,185,506)	$		(22,966)

The accompanying notes are an integral part of these financial statements.

Columbine Valley Resources, Inc.

Statement of Cash Flows

For the Period April 1, 2021 (Inception) through December 31, 2021

(Unaudited)

OPERATING ACTIVITIES
Net loss	$	(18,600)
Adjustments to reconcile net loss to net cash
flows (used in) operating activities:		-
Changes in
Accounts payable and accrued liabilities		(4,025)
Net cash (used in) operating activities		(22,625)
INVESTING ACTIVITIES
Net cash (used in) investing activities		-
FINANCING ACTIVITIES
Proceeds from loan, related party		22,625
Net cash provided by financing activities		22,625
Net increase in cash		-
Cash at beginning of year		115
Cash at end of year	$	115
Supplemental Schedule of Cash Flow Information:
Interest paid	$	-
Income taxes paid	$	-

The accompanying notes are an integral part of these financial statements.