EWorld : Unaudited Financial Statements

eWorld Companies, Inc.

(a development stage company) Balance Sheets

(Unaudited)

ASSETS		March 31, 2022		December 31, 2021
Current Assets:
Cash and cash equivalents	$	1,596		$	1,656
Inventory		2,800			2,800
Total Current Assets
	4,396			4,456
Intangible Assets		2,069,011			2,069,011
Total Assets	$	2,073,407		$	2,073,467
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities:
Accrued expenses	$	2,607,135		$	2,607,135
Shares to be issued		1,230,156			1,230,156
Loans payable		1,452,184			1,443,784
Derivative Liability		-			5,710,108
Convertible note payable		98,800			98,800
Total Current Liabilities		5,388,275			11,089,983
Long term loan payable
	127,400			127,400
Stockholders' Deficit:
Preferred stock, $0.001 par value; 100,000,000 shares authorized;		36,529			36,529
36,528,797 shares issued and outstanding
Common stock; $0.001 par value; 12,000,000,000 shares authorized;
11,021,317,962 shares issued and outstanding		11,021,318			11,021,318
Additional paid in capital		231,779,557			231,779,557
Accumulated deficit		(246,279,672)			(251,981,320)
Total Stockholders' Deficit		(3,442,268)		(9,143,916)
Total Liabilities and Stockholders' Deficit	$	2,073,407		$	2,073,467

(See accompanying notes to unaudited financial statements)

eWorld Companies, Inc.

(a development stage company)

Statements Of Operations

For The Three Months Ended March 31, 2022 and 2021

(Unaudited)

		2022			2021
Net Revenue	$	-	$	-
Cost of Revenue		-			-
Gross Profit		-			-
Operating Expenses
General and administrative expenses		8,460			58,919
Consulting expenses
Total operating expenses		8,460			58,919
Loss From Operations		(8,460)			(58,919)
Other Income
Interest expense		-			784
Change in derivative liability		(5,710,108)			8,094,275
Total other expenses		(5,710,108)			8,095,059
Net income (loss)	$	5,701,648	$	(8,153,978)
Basic & diluted net loss per share	$	0.00	$	(0.00)
Weighted average number of shares outstanding- basic & diluted		11,021,317,962			11,021,317,962

(See accompanying notes to unaudited financial statements)

eWorld Companies, Inc.

(a development stage company)

Statements Of Cash Flows

For The Three Months Ended March 31, 2022 and 2021

(Unaudited)

CASH FLOWS FROM OPERATING ACTIVITIES		2022		2021
Net loss	$	5,701,648	$	(8,153,978)
Adjustments to reconcile net loss to net cash
used in operating activities:
Change in derivative liability		(5,710,108)		8,094,275
Increase in accrued expenses		-		784
Expenses paid by lender		8,400
Net cash used in operating activities		(60)		(58,919)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from SBA loan		-		58,800
Net cash flow from financing activities		-		58,800
Net decrease in cash and cash equivalents		(60)		(119)
Cash and cash equivalents, beginning of the period		1,656		1,705
Cash and cash equivalents, end of period	$	1,596	$	1,586
SUPPLEMENTAL DISCLOSURES:
Cash paid during the period for:
Interest	$	-	$	-
Taxes	$	-	$	-

(See accompanying notes to unaudited financial statements)

eWorld Companies, Inc.

Statement Of Changes in Stockholders' Equity

For The Period Ended March 31, 2022

(Unaudited)

										Additional				Total
	Common Stock			Preferred Stock		Paid-in		Accumulated		Stockholders'
	Shares			Amount		Shares		Amount		Capital		Deficit		Deficit
Balance as of December 31, 2020	11,021,317,962			11,021,318	36,528,797		36,529		231,779,557		(246,048,465)		(11,251,952)
Net loss for the year ended December 31, 2021	-			-		-		-		-		(5,932,855)		(5,932,855)
Balance as of December 31, 2021	11,021,317,962			11,021,318	36,528,797		36,529		231,779,557		(251,981,320)		(17,184,807)
Net lincome for the three months ended March 31, 2022	-			-		-		-		-		5,701,648		5,701,648
Balance as of March 31, 2022	11,021,317,962	$		11,021,318	36,528,797	$	36,529	$	231,779,557	$	(246,279,672)	$	(11,483,159)

(See accompanying notes to unaudited financial statements)

e-World Companies, Inc.

Notes to Financial Statements for the periods ended March 31, 2022 and March 31, 2021 (unaudited)

Note 1. Organization, History and Business

e-World Companies, Inc. (the "Company") was incorporated in the State of Nevada on November 4, 1998 under the name of PacificTradingPost.com. Effective November 2001, the Company name was changed to IDC Technologies, Inc. Effective August 2003, the Company changed its name to Jill Kelly Production Holdings, Inc. Finally, in March 2007, the Company changed its name to that of its then subsidiary, eWorld Companies, Inc. (which had been incorporated in the State of Nevada ON May 9, 2006. The Company is a development stage company, as defined by Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 915, Development Stage Entities.

On February 9, 2020, the Company entered into an agreement for the Sale and Purchase of Ownership Interests with Angelini Trading Company and its owners (the "Agreement"). The Agreement was amended on September 7, 2020. Pursuant to the Agreement, the owners of Angeleni Trading Company (Christina Angelini, Miroslaw K. Gorny, and First Choice Marketing Group LLC, a Florida limited liability company, are to receive 4,000,000,000 restricted shares of Company common stock (all of which are being transferred to them by Henning Danilo Morales in his capacity as Trust of the Carbuccia Family Trust) and 69,000,000 restricted shares, or 69% of the authorized shares of Company Series C Preferred Stock (with 8,705,464 shares being transferred by Henning Danilo Morales in his individual capacity or as Trustee of the Carbuccia Family Trust and 60,294,536 shares being newly-issued by the Company). All of the shares, both Common and Series C Preferred, being transferred to the owners of Angelini by Mr. Morales are currently being held in escrow and such shares, together with the newly issued Series C Preferred from the Company, are expected to be issued in their respective names in the near future.

On April 9, 2018, Henning Danilo Morales resigned as the Company's sole director, President, Chief Executive office, Secretary and Treasurer and Pablo Gallardo was elected to those positions. On September 12, 2018, Mirolsaw K. Gorny was elected President of the Company. On May 18, 2022, Mr. Wagner resigned as an officer and director. Mr. Gorny was elected as a director on May 17, 2022 and as Chief Executive Officer, Secretary, and Treasurer on May 18, 2022.

In management's opinion, all adjustments necessary for a fair statement of the results for the presented periods have been made. All adjustments made were of a normal recurring nature.

GOING CONCERN

The accompanying financial statements have been prepared on a going concern basis, which implies the Company will continue to meet its obligations and continue its operations for the next fiscal year. Currently, the Company has no operating history since 2015 until the acquisition of Angelini Trading Company in late 2020 and has incurred net operating losses, and as of March 31, 2022 has an accumulated deficit of $246,279,672. Realization value may be substantially different from carrying values as shown and these financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The continuation of

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