GRILLiT : Updates Full Year 2021 Financial

Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines

GRILLiT Inc.

1254 Osgood Street

Unit 1406

North Andover, MA 01845

727-300-5775

grillitbrands.com SIC Code: 5812

Annual Report

For the Period Ending: December 31, 2021

As of December 31, 2021the Number of shares outstanding of Common Stock was:

3,853,836,751

As of September 30, 2021, the number of shares outstanding of our Common Stock was:

3,853,836,751

As of December 31, 2020, the number of shares outstanding of our Common Stock was:

3,660,503,905

Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Exchange Act of 1934):

Yes: ☐No: ☒

Indicate by check mark whether the company's shell status has changed since the previous reporting period:

Yes: ☐No: ☒

Indicate by check mark whether a Change in Control1 of the company has occurred over this reporting period:

Yes: ☐

No: ☒

1 "Change in Control" shall mean any events resulting in:

1. Any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becoming the "beneficial owner" (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's then outstanding voting securities.
2. The consummation of the sale or disposition by the Company of all or substantially all of the Company's assets.
3. A change in the composition of the Board occurring within a two (2)-year period, as a result of which fewer than a majority of the directors are directors immediately prior to such change; or
4. The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation.

1. Name and address(es) of the issuer and its predecessors (if any)

In answering this item, provide the current name of the issuer any names used by predecessor entities, along with the dates of the name changes.

Current = GRILLiT INC.

Formerly = Holdings Energy, Inc. until 4-2013

Formerly = Green Equity Holdings, Inc. until 4-2012

Formerly = CX2 Technologies, Inc. until 8-2010

The state of incorporation or registration of the issuer and of each of its predecessors (if any) during the past five years; Please also include the issuer's current standing in its state of incorporation (e.g. active, default, inactive):

Date and State of Incorporation: May 21, 2002 in Nevada

Issuer's current standing: Active

Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors since inception:

None

List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:

None

The address(es) of the issuer's principal executive office:

1254 Osgood Street Unit 1406

North Andover, MA 01845

The address(es) of the issuer's principal place of business:

Check box if principal executive office and principal place of business are the same address: ☒

Has the issuer or any of its predecessors been in bankruptcy, receivership, or any similar proceeding in the past five years?

Yes: ☐

No: ☒

If this issuer or any of its predecessors have been the subject of such proceedings, please provide additional details in the space below:

None

1. Security Information

Trading symbol:	GRLT
Exact title and class of securities outstanding:	COMMON STOCK
CUSIP:		39850R109
Par or stated value:	.0001
Total shares authorized:	4,000,000,000	as of date: 12/31/2021
Total shares outstanding:	3,853,836,751	as of date: 12/31/2021
Number of shares in the Public Float2:	3,808,798,431	as of date: 12/31/2021
Total number of shareholders of record:	770	as of date: 12/31/2021
Transfer Agent
Name:	Pacific Stock Transfer
Phone:	1.800.785.7782
Email:	[e-mail]
Address: 6725 Via Austi Parkway #300 Las Vegas, NV 89119
Is the Transfer Agent registered under the Exchange Act?3 Yes: ☒	No: ☐

2 "Public Float" shall mean the total number of unrestricted shares not held directly or indirectly by an officer, director, any person who is the beneficial owner of more than 10 percent of the total shares outstanding (a "control person"), or any affiliates thereof, or any immediate family members of officers, directors and control persons.

3 To be included in the Pink Current Information tier, the transfer agent must be registered under the Exchange Act.

1. Issuance History

The goal of this section is to provide disclosure with respect to each event that resulted in any direct changes to the total shares outstanding of any class of the issuer's securities in the past two completed fiscal years and any subsequent interim period.

Disclosure under this item shall include, in chronological order, all offerings and issuances of securities, including debt convertible into equity securities, whether private or public, and all shares, or any other securities or options to acquire such securities, issued for services. Using the tabular format below, please describe these events.

A. Changes to the Number of Outstanding Shares

Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent periods: ☒

Shares Outstanding as of Second Most Recent
Fiscal Year End:		Opening Balance		*Right-click the rows below and select "Insert" to add rows as needed.
Date Jan 1, 2019Common: 3,660,503,905
	Class A:	225,000
	Class B:	0
	Class C:	21,720
	Class D:	268,829
	Class E:	100,000
Date of	Transaction	Number of	Class of	Value of	Were the	Individual/ Entity	Reason for share	Restricted or	Exemption
Transaction	type (eg. new	Shares	Securities	shares	shares	Shares were	issuance (eg. for	Unrestricted	or
	issuance,	Issued (or		issued	issued at	issued to	cash or debt	as of this	Registration
	cancellation,	cancelled)		($/per	a discount	(Entities must	conversion) OR-	filing.	Type.
	shares				share) at	to market	have individual	Nature of
	returned to				Issuance	price at	with voting /	Services
	treasury)					the time	investment	Provided
							of	control
							issuance?	disclosed).
							(Yes/No)
4/9/2021	New	76,545,833		Common	$.0024	Yes	Mammoth	Debt Conversion	Unrestricted	Section 4(a)(1)
								Brad Hare
6/3/2021	New	116,787,013		Common	$.0019	Yes	Mammoth	Debt Conversion	Unrestricted	Section 4(a)(1)
								Brad Hare
Shares Outstanding	on Date of This	Report:
Ending Balance:		Ending	Balance
Date Dec 31, 2021Common: 3,853,836,751
	Class A:	225,000
	Class B:	0
	Class C:	21,720
	Class D:	268,829
	Class E:	100,000

Additional Notes: The conversion of notes by Mammoth into common stock on April 9, 2021 and June 3, 2021 are the result of Irrevocable Reserved Shares authorized by C. Keith Wilkerson II, who was the CEO of GRILLiT Inc. on March 16, 2016, to Mammoth and acknowledged and agreed by Pacific Stock Transfer. Irrevocable Reserved Shares allow for a transfer agent to act without delay and without the need for any action or confirmation by the company (GRILLiT Inc.) with respect to the issuance of common stock pursuant to any conversions received by the Transfer Agent (Pacific Stock Transfer) from the Investor (Mammoth). As of January 1, 2021 Mammoth had 193,333,333 reserved shares and post conversion, Mammoth currently has 487 reserved shares remaining.

B. Debt Securities, Including Promissory and Convertible Notes

Use the chart and additional space below to list and describe all outstanding promissory notes, convertible notes, convertible debentures, or any other debt instruments that may be converted into a class of the issuer's equity securities.

Check this box if there are no outstanding promissory, convertible notes or debt arrangements: ☐

Date of	Outstanding	Principal	Interest	Maturity	Conversion Terms (e.g.	Name of Noteholder	Reason for
Note	Balance ($)	Amount at	Accrued	Date	pricing mechanism for	(entities must have	Issuance (e.g.
Issuance		Issuance	($)		determining conversion of	individual with voting	Loan, Services,
		($)			instrument to shares)	/ Investment control	etc.)
							disclosed).
6/3/2021	$40,476	$	50,000	0	6/2/2023	Conversion only upon default	Mammoth	Working Capital
notice of monthly payment.
						Brad Hare
6/30/2014	$ 17,361	$	17,361	0	6/29/2015	Converts at 75% of closing Market	Lou Frangos	Working Capital
Price on day of conversion
6/30/2014	$ 12,000	$	12,000	0	6/29/2015	Converts at 75% of closing Market	Rebecca C. Tyree	Working Capital
Price on day of conversion
6/30/2014	$ 12,000	$	12,000	0	6/29/2015	Converts at 75% of closing Market	Laura M. Evans	Working Capital
Price on day of conversion
6/30/2014	$ 12,000	$	12,000	0	6/29/2015	Converts at 75% of closing Market	John H. Ruld, Jr.	Working Capital
Price on day of conversion
6/30/2014	$ 12,000	$	12,000	0	6/29/2015	Converts at 75% of closing Market	Allan Corn	Working Capital
Price on day of conversion
6/30/2014	$ 6,000	$	6,000	0	6/29/2015	Converts at 75% of closing Market	Vidal C. Rivera	Working Capital
Price on day of conversion
6/30/2014	$ 7,000	$	7,000	0	6/29/2015	Converts at 75% of closing Market	Diana M. Nagy	Working Capital
Price on day of conversion
6/30/2014	$ 12,000	$	12,000	0	6/29/2015	Converts at 75% of closing Market	Bobbie C. St John	Working Capital
Price on day of conversion
6/30/2014	$ 12,000	$	12,000	0	6/29/2015	Converts at 75% of closing Market	James H. & Dolores E.	Working Capital
Price on day of conversion	Almond
6/30/2014	$ 12,000	$	12,000	0	6/29/2015	Converts at 75% of closing Market	Willis Honea	Working Capital
Price on day of conversion
6/30/2014	$ 18,000	$	18,000	0	6/29/2015	Converts at 75% of closing Market	George Nicholas	Working Capital
Price on day of conversion
6/30/2014	$ 118,250	$	118,250	0	6/29/2015	Converts at 75% of closing Market	Dynamic Spirit, LLC	Working Capital
Price on day of conversion	(Paul Aoun)
6/30/2014	$ 12,000	$	12,000	0	6/29/2015	Converts at 75% of closing Market	Dynamic Spirit, LLC	Working Capital
Price on day of conversion	(Paul Aoun)
6/30/2014	$ 20,000	$	20,000	0	6/29/2015	Converts at 75% of closing Market	Smart Equity Partners,	Working Capital
Price on day of conversion	LLC (Keith Gebert)
6/30/2014	$ 18,000	$	18,000	0	6/29/2015	Converts at 75% of closing Market	Lauro Equipment -	Debt Conv
Price on day of conversion	Mark Lauro