GEO JS TECH GROUP CORP.
FINANCIAL STATEMENTS
June 30, 2022 and 2021
(UNAUDITED)
GEO JS Tech Group Corp.
Index to Financial Statements
(UNAUDITED) | |
Balance Sheets as at June 30, 2022 and 2021 | F-3 |
Statements of Income for the Years Ended June 30, 2022 and 2021 | F-4 |
Statements of Stockholders' Equity | F-5 |
Statements of Cash Flows | F-6 |
Notes to Financial Statements | F-7 |
GEO JS TECH GROUP CORP.
BALANCE SHEETS
AS AT JUNE 30, 2022 AND 2021 (UNAUDITED STATEMENT)
(Stated in US Dollars)
ASSETS | Notes | 2022 | 2021 | ||||||||||
Current assets | |||||||||||||
Cash and cash equivalents | 2(d) | $ | 81,789 | 108,290 | |||||||||
Prepaid Deposit | 2(p) | 109,540 | 109,540 | ||||||||||
Total current assets | $ | 191,329 | 217,830 | ||||||||||
Machinery, equipment and other | 4 | $ | 927,874 | 929,509 | |||||||||
depreciable assets, net | |||||||||||||
Mining assets | 2(g) | 210,000 | 210,000 | ||||||||||
Other Investment | 14 | 75,000 | 0 | ||||||||||
Total long-term assets | $ | 1,385,064 | 1,139,509 | ||||||||||
TOTAL ASSETS | $ | 1,404,203 | 1,357,339 | ||||||||||
LIABILITIES AND STOCKHOLDERS' | |||||||||||||
EQUITY | |||||||||||||
Current liabilities | |||||||||||||
Accounts payable | $ | 0 | 0 | ||||||||||
Loans from shareholders | 5 | 1,369,362 | 1,312,450 | ||||||||||
Payroll tax payable | 0 | 0 | |||||||||||
Total current liabilities | $ | 1,369,362 | 1,312,450 | ||||||||||
TOTAL LIABILITIES | $ | 1,369,362 | 1,312,450 | ||||||||||
Long Term Liabilities | 14 | 0 | 0 | ||||||||||
Total Liabilities | 1,369,362 | 1,312,450 | |||||||||||
COMMITMENT AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Common stock at $0.001 par value,500,000,000 shares authorized, 207,530,000 and 207,530,000 shares issued andoutstanding at June 30, 2022 and 2021
10 | 0 | 0 | 0 | ||
11 | $ | 207,530 | 207,530 | ||
Additional paid-in capital | 11 | 6,136,970 | 6,136,970 | ||
Accumulated deficit | 6,313,169 | 6,299,611 | |||
Total Equity | $ | 34,841 | 44,889 | ||
TOTAL LIABILITIES AND | $ | 1,404,203 | 1,357,339 | ||
STOCKHOLDERS' EQUITY | |||||
See accompanying notes to financial statements
F -3
GEO JS TECH GROUPCORP.
STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
FOR THE YEARS ENDED JUNE 30, 2022 AND 2021
(UNAUDITED STATEMENT)
(Stated in US Dollars)
Notes | 2022 | 2021 | ||||||
Net revenues | 2(j) | $ | 171,342 | $ | 112,875 | |||
Cost of net revenues | (136,920) | (109,342) | ) | |||||
Gross(loss) / profit | $ | 34,422 | $ | 3,533) | ||||
Operating expenses | $ | (30,912) | $ | (54,716) | ||||
Loss from operations | $ | 3,510 | $ | (51,183) | ||||
Interest income | 0 | 0 | ||||||
Interest expense | 5 | 0 | 0 | |||||
Loss before income taxes | $ | 3,510 | $ | (51,183) | ||||
Income taxes | 7 | 0 | 0 | |||||
Net profit loss | $ | 3,510 | $ | (51,183) | ||||
Net loss per share - Basic and diluted | $ | 0.0000 | $ | -0.0003 | ||||
Weighted average no. of common stock - Basic and diluted | 13 | 207,530,000 | 207,530,000 |
See accompanying notes to financial statements
F -4
GEO JS TECH GROUP CORP.
STATEMENTS OF STOCKHOLDERS' EQUITY FOR THE YEARS ENDED JUNE 30, 2022 AND 2021 (UNAUDITED STATEMENT)
(Stated in US Dollars)
No. | Additional | ||||||||
Shares | Common | Paid-In | Accumulated | ||||||
Outstanding | Stock | Capital | Deficit | Total | |||||
Balance, | |||||||||
31-Mar- | 205,530,000 | 205,530 | 6,038,970 | 5,818,627 | 425,875 | ||||
19 | |||||||||
Net Loss | -235,476 | -235,478 | |||||||
Balance, | |||||||||
31-Mar- | 205,530,000 | 205,530 | 6,038,970 | 6,054,103 | 190,397 | ||||
20 | |||||||||
Net Loss | -191,825 | -191,825 | |||||||
Balance, | |||||||||
31-Mar- | 205,530,000 | 205,530 | 6,038,970 | 6,245,929 | -1,428 | ||||
21 | |||||||||
Net Loss | -64,777 | ||||||||
Balance, | |||||||||
31-Mar- | 207,530,000 | 207,530 | 6,136,970 | 6,313,170 | 31,330 | ||||
22 | |||||||||
Net | 3,510 | ||||||||
Income | |||||||||
Balance, | |||||||||
30-Jun- | 207,530,000 | 207,530 | 6,136,970 | 6,309,660 | 34,841 | ||||
22 |
See accompanying notes to financial statements
F - 5
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Geo Js Tech Group Corp. published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 21:21:05 UTC.