GOLD RIVER PRODUCTIONS, INC.
For the Years Ended
December 31, 2021 & 2020
C O N T E N T S | |
Page | |
BALANCE SHEETS (unaudited)....................................................................................................... | 3 |
STATEMENTS OF OPERATIONS (unaudited) ............................................................................... | 4 |
STATEMENTS OF STOCKHOLDERS' EQUITY (unaudited) ....................................................... | 5 |
STATEMENT OF CASH FLOWS (unaudited) ................................................................................. | 6 |
NOTES TO FINANCIAL STATEMENTS (unaudited) .................................................................... | 7 |
GOLD RIVER PRODUCTIONS, INC.
BALANCE SHEETS
For the Years Ended December 31, 2021 & 2020
ASSETS | 2021 | 2020 | |||||
Unaudited | Unaudited | ||||||
CURRENT ASSETS | |||||||
Cash and cash equivalents | $ | 4,341 | $ | 14,932 | |||
Prepaid expenses | 17,167 | 10,976 | |||||
TOTAL CURRENT ASSETS | 21,508 | 25,908 | |||||
PROPERTY AND EQUIPMENT | 10,449 | 7,675 | |||||
OTHER ASSETS | |||||||
Stockholder notes receivable | 25,312 | 25,312 | |||||
Deposits | 3,146 | 1,800 | |||||
Other - Investments and Joint Ventures | 515,150 | 515,150 | |||||
TOTAL ASSETS | $ | 575,565 | $ | 575,845 | |||
LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||
CURRENT LIABILITIES | |||||||
Accounts payable | $ | 78,792 | $ | 56,227 | |||
Accrued expenses | 5,084 | 4,109 | |||||
Income taxes payable | 400 | 400 | |||||
TOTAL CURRENT LIABILITIES | 84,276 | 60,736 | |||||
OFFICER LOAN PAYABLE | 194,551 | 164,819 | |||||
STOCKHOLDERS' EQUITY | |||||||
Common stock, $.000001 par value, 1,300,000,000 shares authorized, | |||||||
1,248,901,842 shares issued and outstanding | 112,796 | 112,566 | |||||
Preferred stock, $.000001 par value, 9,995,000 shares authorized, | |||||||
7,782,000 shares issued and outstanding | 7,782 | 7,782 | |||||
Capital in excess of par value | - common stock | 851,173 | 695,778 | ||||
Capital in excess of par value | - preferred stock | 53,568 | 53,568 | ||||
Stock subscription receivable | 20,860 | 70,860 | |||||
Retained deficit | (749,441) | (590,264) | |||||
TOTAL STOCKHOLDERS EQUITY | 296,738 | 350,290 | |||||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 575,565 | $ | 575,845 |
These financial statements have not been subject to audit, review or compilation engagement and no assurance is provided on them.
3
GOLD RIVER PRODUCTIONS, INC.
STATEMENTS OF OPERATIONS
For Years Ending December 31, 2021 & 2020
2021 | 2020 | |||||
INCOME | Unaudited | Unaudited | ||||
Revenues earned | $ | 4,299,130 | $ | 3,569,899 | ||
Cost of revenues earned | 4,439,437 | 3,546,691 | ||||
GROSS PROFIT (LOSS) | (140,307) | 23,208 | ||||
EXPENSES | ||||||
General and administrative | 175,763 | 86,080 | ||||
Depreciation & amortization and amortization | - | - | ||||
175,763 | 86,080 | |||||
OPERATING LOSS | (316,070) | (62,872) | ||||
OTHER INCOME (EXPENSE) | ||||||
Interest expense | (5,607) | (3,799) | ||||
Gain on sale of marketable securities | - | 445,500 | ||||
Grant income | 162,500 | - | ||||
156,893 | 441,701 | |||||
Income (loss) before income taxes | (159,177) | 378,829 | ||||
Income tax expense | - | - | ||||
Income (loss) before minority interests | (159,177) | 378,829 | ||||
Minority interests | - | - | ||||
NET INCOME (LOSS) | $ | (159,177) | $ | 378,829 | ||
These financial statements have not been subject to audit, review or compilation engagement and no assurance is provided on them.
4
GOLD RIVER PRODUCTIONS, INC.
STATEMENTS OF STOCKHOLDERS' EQUITY
For The Years Ending December, 2021 & 2020
Capital in | Capital in | ||||||||||||||||||||||||
Common Stock | Preferred Stock | Excess of | Excess of | Common | Total | ||||||||||||||||||||
Par Value | Par Value | Retained | Stock | Stockholders' | |||||||||||||||||||||
Shares | Amount | Shares | Amount | Common | Preferred | Earnings | Subscribed | Equity | |||||||||||||||||
Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | |||||||||||||||||
Balance January 1, 2020 | 991,401,842 | $ | 112,549 | 7,782,000 | $ | 7,782 | $ | 680,795 | $ | 53,568 | $ | (969,093) | $ | 80,860 | $ | (33,539) | |||||||||
Sale of common stock | 5,000,000 | 5 | 4,995 | - | - | 5,000 | |||||||||||||||||||
Common stock subscribed | 12,500,000 | 12 | 9,988 | - | (10,000) | - | |||||||||||||||||||
Net income | - | - | - | - | - | - | 378,829 | - | 378,829 | ||||||||||||||||
Balance December 31, 2020 | 1,008,901,842 | $ | 112,566 | 7,782,000 | $ | 7,782 | $ | 695,778 | $ | 53,568 | $ | (590,264) | $ | 70,860 | $ | 350,290 | |||||||||
Common stock for services | 205,000,000 | 145 | 88,430 | - | - | 88,575 | |||||||||||||||||||
Common stock subscription issued | 25,000,000 | 25 | - | - | 49,975 | - | (50,000) | - | |||||||||||||||||
Net income | - | - | - | - | - | - | (159,177) | - | (159,177) | ||||||||||||||||
Balance December 31, 2021 | 1,238,901,842 | $ | 112,736 | 7,782,000 | $ | 7,782 | $ | 834,183 | $ | 53,568 | $ | (749,441) | $ | 20,860 | $ | 279,688 | |||||||||
These financial statements have not been subject to audit, review or compilation engagement and no assurance is provided on them.
5
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Gold River Productions Inc. published this content on 21 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 August 2022 17:25:03 UTC.