Covista Communications : Annual Report Yearend Financials 2021

ANNUAL FINANCIAL STATEMENTS

January 31, 2021

Covista Communications, Inc.

TRADING SYMBOL: CVST

CUSIP NUMBER: 223574104

Table of Contents

Page
Consolidated Balance Sheets (unaudited)	1
Consolidated Statements of Operations (unaudited)	2
Consolidated Statements of Changes in Stockholders' Deficit (unaudited)	3
Consolidated Statements of Cash Flows (unaudited)	4
Unaudited Notes to Financial Statements	5-8
Issuer Certification	9

Page 1

COVISTA COMMUNICATIONS, INC CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited)

As of January 31, 2021

Assets

Current Assets

Cash and Cash equivalents

$

-

Short Term Investments

Net Receivables

Inventory

Other Current Assets

Total Current Assets Long Term Assets

Long Term Investments Property Plant and Equipment Goodwill

Intangible Assets Other Assets

Deferred Long Term Asset Charges

$ $

- - - -

-

$

- -- - - -

Total Long Term Assets

$

-

Total Assets

$

-

Liabilities and Stockholders' Deficit Liabilities

Current Liabilities

Accounts Payable

$

-

Accrued Wages/Other Expenses

Other Liabilities

Total Current Liabilities Long Term Liabilities

Long Term Debt

Notes Payable - Shareholders Loans from Shareholders Intercompany

Total Long Term Liabilities

- -

$

-

$

- 3,000,000 250,000 -

$ 3,250,000

Total Liabilities $ 3,250,000

Stockholders' deficit:

Preferred Stock Common Stock

$

- 968,132

Retained Earnings (74,271,070)

Treasury Stock (1,835,840)Additional Paid-In-Capital Other Stockholder Equity Total Stockholder Equity

71,888,778

(3,250,000)

Total Liabilities and Stockholder Equity

$

0

Page 2

COVISTA COMMUNICATIONS, INC

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

For the Year Ended January 31, 2021

Revenue

Total Revene	$	-
Cost of Reveue	-
Gross Profit	$	-
Expenses
Selling, General and Administrative	$	-
Total Expenses	$	-
Operating Income (Loss)	$	-
Other Income/(Expenses)
Other Income	$	-
Other Expenses	-
Total Other Income/(Expenses)	-
Income/(Loss) from Operations Before Income Tax Provisions	-
Provision for Income Taxes	-
Net Income/(Loss)	-
Page 3