Here to Serve : Consolidated Financial Statements

HERE TO SERVE HOLDING CORP.

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE- AND THREE-MONTH PERIODS ENDED JUNE 30, 2022 AND 2021

UNAUDITED

HERE TO SERVE HOLDING CORP.

FOR THE NINE- AND THREE-MONTH PERIODS ENDED JUNE 30, 2022 AND 2021

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

CONTENTS

	Page
Unaudited Financial Statements
Consolidated Balance Sheets	3
Consolidated Statements of Operations	4
Consolidated Statements of Stockholders' Equity	5
Consolidated Statements of Cash Flows	6
Notes to Consolidated Financial Statements	7 - 21

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Here To Serve Holding Corp.

Consolidated Balance Sheets

		June 30, 2022		September 30, 2021
		(Unaudited)			(Audited)
ASSETS
Current Assets
Cash	$	31,170	$	59,174
Accounts receivable		-			3,105
Prepaid expenses		5,523			80,916
Total current assets		36,693			143,195
Equity securities at fair value		1,385,700			4,074,250
Related party equity securities at fair value		602,000			93,000
Investments		3,150			133,150
Mineral interests		500,939			374,525
TOTAL ASSETS	$	2,528,482	$	4,818,120
LIABILITIES & SHAREHOLDERS' EQUITY
Current Liabilities
Accrued expenses	$	12,287	$	12,505
Due to related parties		18,650			18,780
Accrued interest payable		6,732			4,207
Current portion of long-term debt		1,114			467
Total current liabilities		38,783			35,959
Long-term notes payable, less current portion		88,886			89,533
Total liabilities		127,669			125,492
Commitments and contingencies		-			-
Shareholders' equity
Preferred stock, 10,000,000 shares authorized
Series A, par value $.001, 1,000,000 shares issued and
outstanding		1,000			1,000
Convertible preferred stock, $.0001 par value
Series C, 100,000 shares issued and outstanding		10			10
Common stock, par value $.001, 400,000,000 shares
authorized, 75,338,500 and 67,340,075 issued and
outstanding, respectively		75,338			67,340
Additional paid in capital		7,232,525			7,004,548
Accumulated deficit		(4,908,060)			(2,380,270)
Total shareholders' equity		2,400,813			4,692,628
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY	$	2,528,482		$	4,818,120

The accompanying notes are an integral part of these consolidated financial statements.

3

Here To Serve Holding Corp.

Consolidated Statements of Operations

Unaudited

		For the Nine Months Ended			For the Three Months Ended
		June 30, 2022			June 30, 2021			June 30, 2022			June 30, 2021
Revenues	$	1,935,374	$	790,800	$	511,988	$	578,630
Cost of revenues		348,675			294,104			166,575			275,104
Gross Profit		1,586,699			496,696			345,413			303,526
Expenses:
Wages		24,102			29,777			855			12,049
Consulting fees		193,164			33,846			25,131			33,846
Advertising		8,290			33,779			235			126
Rent		900			900			300			300
General and administrative		34,853			25,189			11,703			6,964
Professional services		4,507			4,486			2,439			1,344
Total operating expenses		265,816			127,977			40,663			54,629
Income from operations		1,320,883			368,719			304,750			248,897
Other income (expenses):
Unrealized gain (loss) on investments		(3,846,150)			5,184,825			(901,150)			1,108,250
Realized gain on investments		-			12,225			-			12,225
Gain on sale of subsidiary		100			18,571			100			18,571
Interest expense		(2,623)			(2,835)			(883)			(960)
Total other income (expenses)		(3,848,673)			5,212,786			(901,933)			1,138,086
Net Income (loss) before income taxes		(2,527,790)			5,581,505			(597,183)			1,386,983
Income tax expense		-			-			-			-
Net income (loss)	$	(2,527,790)	$	5,581,505	$	(597,183)		$	1,386,983
Basic net income (loss) per share	$	(0.04)		$	0.09		$	(0.01)		$	0.02
Diluted income (loss) per share	$	(0.04)	$	0.04	$	(0.01)	$	0.01
Weighted average number of shares outstanding
Basic		70,964,471			61,312,145			74,741,962			63,772,177
Fully diluted		70,964,471			128,447,059			74,741,962			130,857,091

The accompanying notes are an integral part of these consolidated financial statements.

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Here To Serve Holding Corp.

Consolidated Statements of Shareholders' Equity

For the Nine Months Ended June 30, 2022 and the Years Ended September 30, 2021 and 2020

Unaudited

																			Total
			Common		Preferred		Preferred			Additonal		Accumulated					Shareholders'
	Common Shares		Stock, Par		Shares		Stock, Par		Paid in Capital		Deficit		Treasury Stock			Equity
Balance, October 1, 2019	126,084,434	$	126,085	1,100,000	$	1,010	$	8,326,036		$	(5,931,579)	$	(2,500,000)	$	21,552
Purchase of subsidiary	100,000		100	-		-			200			-			-			300
Sale of common stock	662,500		662	-		-			6,838			-			-			7,500
Retire treasury stock	(76,114,285)		(76,114)	-		-			(2,423,886)			-			2,500,000			-
Purchase of mineral rights	1,000,000		1,000	-		-			78,200			-			-			79,200
Issuance of warrants	-		-	-		-			92,824			-			-			92,824
Return of 100,000 warrants	-		-	-		-			(9,453)			-			-			(9,453)
Exercise of warrants	5,700,000		5,700	-		-			(5,700)			-			-			-
Net income year ended September 30, 2020	-		-	-		-						335,587			-			335,587
Balance, September 30, 2020	57,432,649		57,433		1,100,000		1,010			6,065,059			(5,595,992)			-			527,510
Purchase of mineral rights	2,549,000		2,549	-		-			231,631			-			-			234,180
Sale of common stock	1,000,000		1,000	-		-			79,000			-			-			80,000
Issuance of warrants	-		-	-		-			55,616			-			-			55,616
Net income year ended September 30, 2021	-		-	-		-			-			3,215,722			-			3,215,722
Exercise of warrants	2,358,426		2,358	-		-			(2,358)			-			-			-
Purchase of biotech investment	1,000,000		1,000	-		-			129,000			-			-			130,000
Common stock issued for services	3,000,000		3,000	-		-			446,600			-			-			449,600
Balance, September 30, 2021	67,340,075		67,340		1,100,000		1,010			7,004,548			(2,380,270)			-			4,692,628
Sale of common stock	1,421,428		1,422	-		-			65,661			-			-			67,083
Issuance of warrants	-		-	-		-			117,771			-			-			117,771
Purchase of subsidiary	500,000		500	-		-			622			-			-			1,122
Net loss quarter ended December 31, 2021	-			-		-			-			(1,055,082)			-			(1,055,082)
Balance, December 31, 2021	69,261,503		69,262		1,100,000		1,010			7,188,602			(3,435,352)			-			3,823,522
Sale of common stock	1,167,048		1,167	-		-			38,832			-			-			39,999
Exercise of warrants	1,358,426		1,358	-		-			(1,358)			-			-			-
Net loss quarter ended March 31, 2022	-		-		-		-			-			(875,525)			-			(875,525)
Balance, March 31, 2022	71,786,977		71,787	1,100,000		1,010			7,226,076			(4,310,877)			-			2,987,996
Sale of common stock	333,333		333	-		-			9,667			-			-			10,000
Exercise of warrants	3,218,190		3,218	-		-			(3,218)			-			-			-
Net loss quarter ended June 30, 2022	-		-		-		-			-			(597,183)			-			(597,183)
Balance, June 30, 2022	75,338,500	$	75,338		1,100,000	$	1,010		$	7,232,525		$	(4,908,060)		$	-		$	2,400,813

The accompanying notes are an integral part of these consolidated financial statements.

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