GivBux : UNAUDITED FINANCIAL STATEMENTS

GivBux, Inc Consolidated Balance sheets

(Unaudited)

December 31, 2021

December 31, 2020

Assets

Current assets

Cash

Other receivable Total current assets

$

18,150 $ 18,419

10,571 20,984

28,721

39,403

Total AssetsLiabilities and Stockholders' Deficit

Current Liabilities

Accounts payable Accrued liabilities Due to related party

Notes payable - related parties Convertible notes payable

Total Current Liabilities

Total Liabilities

Stockholders' Deficit

Preferred stock: 10,000,000 authorized; $0.001 par value 0 shares issued and outstanding

Common stock: 100,000,000 authorized; $0.001 par value 87,761,100 and 78,125,000 shares issued and outstanding, respectively

Additional paid in capital Accumulated deficit

Total Stockholders' Deficit

Total Liabilities and Stockholders' Deficit

$

28,721

$

47,031 $ 38,030

191,440 84,183

3,275

627,713 425,857

135,900 64,600

1,005,359 1,005,359

-87,761 78,125

257,588 133,375

(1,321,987)

(976,638)

$

28,721

See accompanying notes to unaudited consolidated financial statements.

$

39,403

-612,670 612,670

-(784,767) (573,267)

$

39,403

GivBux, Inc

Consolidated Statement of Operations

(Unaudited)

Year Ended December 31,2021

2020

Revenue

Operating expenses

General and administrative Sales and marketing Total operating expenses

$

16,874 $ 1,683

476,890 386,863

34,828 18,160

511,718

405,023

Net loss from operations

Other income (expense)

Interest expense

Gain on impairment of intangible asset

Total other expense

(494,844) (403,340)

(42,376) (16,186)

- (42,376)

797 (15,389)

Loss before income taxes

Provision for income taxes Net loss

(537,220)

-

• $ (537,220)

(418,729)

- $ (418,729)

Basic and diluted loss per Common Share

Basic and diluted weighted average number of common shares outstanding

$

(0.01) 84,788,482

See accompanying notes to unaudited consolidated financial statements.

$

(0.01) 78,356,825

GivBux, Inc

Consolidated Statement of change in Stockholders' Deficit

For the Years Ended December 31, 2021, and 2020

(Unaudited)

Series A Preferred StockSharesCommon StockAdditional

Paid in CapitalStock payableAccumulatedTotal Stockholders'Amount

SharesAmount

Deficit

DeficitBalance - December 31, 2019

Common stock issued for cash

Net loss

Balance - December 31, 2020

Adjustment of reverse acquisition Common stock issued for conversion of debt

Common stock issued for conversion of preferred stock

Common stock issued for cash Common stock issued for stock payable Net loss

Balance - December 31, 2021

- - - - 1,000,000 -

(1,000,000)

- - - -

$

- - -

$

73,808,702

4,316,298 -

(1,000)

- 1,000 -

- - -

$

78,125,000 1,300,160 1,000,000 4,234,273

101,667 3,000,000 -

-$

73,809

4,316 -$

78,125

• 1,300 (177,074)

1,000 4,234

102 3,000 -

87,761,100

• $ 87,761

$

127,691

5,684 -

• $ 133,375

  $

  $

  5,123

  (3,234) 152,398

  • 147,000 (150,000)

  -

• $ 257,588

$

See accompanying notes to unaudited consolidated financial statements.

- - -

$ (366,038)

- (418,729)

$

(164,538)

10,000 (418,729)

-$ (784,767) $ (573,267)

150,000 - (24,774)

- - -

- - - - (537,220)

-$ (1,321,987)

6,123

- 152,500 - (537,220)

$

(976,638)

Consolidated Statement of Cash Flows

(Unaudited)

CASH FLOWS FROM OPERATING ACTIVITIES:

Net loss

Adjustments to reconcile net loss to net cash used in operating activities: Changes in operating assets and liabilities:

Other current assets

Accounts payable and accrued liabilities Accrued interest

Net Cash used in Operating Activities

CASH FLOWS FROM INVESTING ACTIVITIES:

Acquisition of subsidiarity

Net Cash provided by Investing Activities

CASH FLOWS FROM FINANCING ACTIVITIES:

Proceeds from issuance of common stock

Proceeds from loans payable

Proceeds from convertible notes Proceeds from related parties Repayment to related parties

Net Cash provided by Financing Activities

Year Ended December 31,2021

2020

$

(537,220)

• $ (418,729)

  10,413 (4,574)

  99,837 42,376 (384,594)

  127 127

  18,178 - (405,125)

  - -152,500 10,000

  - 24,600

  11,300 295,930 (75,532) 384,198

  - 45,927 (24,000)

  56,527

  Net change in cash

  Cash, beginning of period Cash, end of periodSupplemental cash flow information

  Cash paid for interest

  Cash paid for taxes

  Non-cash Investing and Financing transactions:

  Common stock issued for conversion of debt Common stock issued for conversion of preferred stock Common stock issued for stock payable

  (269) 18,419

  • $ 18,150

  $ $

  $ $ $

  6,123 4,234 3,000

  See accompanying notes to unaudited consolidated financial statements.

  (348,598)

  14,988

• $ (333,610)

- -$ $

- -

$ $ $

- - -

Notes to Consolidated Financial Statements

December 31, 2021

(Unaudited)

NOTE 1 - COMPANY OVERVIEW AND GOING CONCERN

On January 15, 2021, FINRA declared effective a change of name of the Company from Senaida Tire Company, Ltd. to GivBux, Inc. (the "Company", "GivBux") and a 1-for-20 reverse split of the Company's common stock. As a condition for approval of the corporate actions, FINRA required the Company to issue 78,125,000 pre-split shares of common stock to the shareholders of GivBux Global Partners, Inc. in exchange for all of the issued and outstanding shares of common stock of GivBux Global Partners, Inc. This requirement was contrary to the terms of the amended Share Exchange Agreement between the Company and GivBux Global Partners, Inc. (the "Agreement"), as these 78,125,000 shares were required pursuant to the Agreement to be issued after the 1-for-20 reverse split, thus being post-split shares. As a result, the Company is contractually required to issue an additional 74,218,050 shares of the Company's post-split common stock to the former common stock shareholders of GivBux Global Partners, Inc., such that the total number of shares issued pursuant to the share exchange equals that number required by the Agreement.

Share Exchange and Reorganization

On January 7, 2021 (the "Effective Date"), GivBux Global Partners, Inc. ("GivBux Global") became a 100% subsidiary of GivBux. Furthermore, the Company entered into and closed on a share exchange agreement with GivBux and its shareholders. Pursuant to the terms of the share exchange agreement, GivBux issued 78,125,000 shares of its unregistered post-split common stock to the shareholders of GivBux Global in exchange for all of the shares of GivBux Global's common stock, representing 100% of its issued and outstanding common stock and as a result of the share exchange agreement, GivBux Global became a wholly owned subsidiary of GivBux.

Recapitalization

For financial accounting purposes, this transaction was treated as a reverse acquisition by GivBux, and resulted in a recapitalization with GivBux Global being the accounting acquirer and GivBux as the acquired company. The consummation of this reverse acquisition resulted in a change of control. Accordingly, the historical financial statements prior to the acquisition are those of the accounting acquirer, GivBux and have been prepared to give retroactive effect to the reverse acquisition completed on January 7, 2021 and represent the operations of GivBux Global. The consolidated financial statements after the acquisition date, January 7, 2021, include the balance sheets of both companies at historical cost, the historical results of GivBux Global and the results of the Company from the acquisition date. All share and per share information in the accompanying consolidated financial statements and footnotes has been retroactively restated to reflect the recapitalization.

Going Concern

The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"), which contemplates the Company's continuation as a going concern. The Company has incurred net losses of $537,220 during the year ended December 31, 2021 and has an accumulated deficit of $1,321,987 as of December 31, 2021. In addition, current liabilities exceed current assets by $976,638 as of December 31, 2021.

Management intends to raise additional operating funds through equity and/or debt offerings. However, there can be no assurance management will be successful in its endeavors.

There are no assurances that the Company will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support its working capital requirements. To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, the Company will have to raise additional working capital. No assurance can be given that additional financing will be