Columbine Valley Resources : TRXO Financial Report for March 31, 2022

COLUMBINE VALLEY RESOURCES INC.

FINANCIAL STATEMENTS

(Unaudited)

Balance Sheets - March 31, 2022 and December 31, 2021 Statement of Operations - Three Months Ended March 31, 2022

Statement of Changes in Stockholders' Equity (Deficit) - Three Months Ended March 31, 2022

Statement of Cash Flows - Three Months Ended March 31, 2022 Notes to Financial Statements

Columbine Valley Resources, Inc.

Balance Sheets

(Unaudited)
		March 31,		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	$	1,525	$	-
Accrued liabilities, related party		752		456
Note payable, related party		22,625		22,625
Total current liabilities		24,902		23,081
Total liabilities		24,902		23,081
Commitments and Contingencies		-
STOCKHOLDERS' DEFICIT
Preferred shares, $0.001 par value, 50,000,000 shares authorized;
no shares issued and outstanding at March 31, 2022 and
December 31, 2021		-		-
Common shares, $0.001 par value, 275,000,000 shares authorized;
6,994,758 shares issued and outstanding at March 31, 2022
and December 31, 2021		6,994		6,994
Additional paid in capital		142,155,546		142,155,546
Accumulated (deficit)		(142,187,327)		(142,185,506)
Stockholders' deficit		(24,787)		(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 March 31, 2022

(Unaudited)

Operating expenses:
Professional fees	$	1,525
Total operating expenses		1,525
Loss from operations		(1,525)
Other expenses:
Interest expense, related party		(296)
Total other expenses		(296)
Loss before income taxes		(1,821)
Income taxes		-
Net loss	$	(1,821)
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	-					-	-				-				-				(1,821)				(1,821)
BALANCES, March 31, 2022		-			$		-			6,994,758			$		6,994			$		142,155,546			$		(142,187,327)			$		(24,787)

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

Columbine Valley Resources, Inc.

Statement of Cash Flows

Three Months Ended March 31, 2022

(Unaudited)

OPERATING ACTIVITIES
Net loss	$	(1,821)
Adjustments to reconcile net loss to net cash
flows (used in) operating activities:		-
Changes in
Accounts payable		1,525
Accrued liabilities, related party		296
Net cash (used in) operating activities		-
INVESTING ACTIVITIES
Net cash (used in) investing activities		-
FINANCING ACTIVITIES
Net cash provided by financing activities		-
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.