Columbine Valley Resources : TRXO Financial Report for June 30, 2022

COLUMBINE VALLEY RESOURCES INC.

FINANCIAL STATEMENTS

(Unaudited)

Balance Sheets - June 30, 2022 and December 31, 2021

Statements of Operations - Three and Six Months Ended June 30, 2022

Statement of Changes in Stockholders' Equity (Deficit) - Six Months Ended June 30, 2022

Statement of Cash Flows - Six Months Ended June 30, 2022

Notes to Financial Statements

Columbine Valley Resources, Inc.

Balance Sheets

(Unaudited)
		June 30,		December 31,
		2022		2021
ASSETS
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	$	2,537	$	-
Accrued liabilities, related party		1,034		456
Note payable, related party		22,625		22,625
Total current liabilities		26,196		23,081
Total liabilities		26,196		23,081
Commitments and Contingencies		-
STOCKHOLDERS' DEFICIT
Preferred shares, $0.001 par value, 50,000,000 shares authorized;
no shares issued and outstanding at June 30, 2022 and
December 31, 2021		-		-
Common shares, $0.001 par value, 275,000,000 shares authorized;
6,994,758 shares issued and outstanding at June 30, 2022
and December 31, 2021		6,994		6,994
Additional paid in capital		142,155,546		142,155,546
Accumulated (deficit)		(142,188,621)		(142,185,506)
Stockholders' deficit		(26,081)		(22,966)
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

Three Months Ended June 30, 2022

(Unaudited)

Operating expenses:
Professional fees	$	1,012
Total operating expenses		1,012
Loss from operations		(1,012)
Other expenses:
Interest expense, related party		(282)
Total other expenses		(282)
Loss before income taxes		(1,294)
Income taxes		-
Net loss	$	(1,294)
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 Operations

Six Months Ended June 30, 2022

(Unaudited)

Operating expenses:
Professional fees	$	2,537
Total operating expenses		2,537
Loss from operations		(2,537)
Other expenses:
Interest expense, related party		(578)
Total other expenses		(578)
Loss before income taxes		(3,115)
Income taxes		-
Net loss	$	(3,115)
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, January 1, 2022	-	$		-	6,994,758	$	6,994	$	142,155,546	$	(142,185,506)	$	(22,966)
Net loss for the period	-					-	-				-				-				(3,115)				(3,115)
BALANCES, June 30, 2022		-			$		-			6,994,758			$		6,994			$		142,155,546			$		(142,188,621)			$		(26,081)

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