NOHO : Financial Report

NOHO, INC.
Unaudited Balance Sheet
As of June 30, 2022
ASSETS
Current assets:
Cash	$		148
Inventory			14,802
Loans receivable			25,013
Total current assets			39,963
Other assets:
Intangible assets			1,005,000
Product development-net			510,000
Total other assets			1,515,000
Total assets	$
	1,554,963
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Account payable	$		105,000
Officer compensation			152,000
Total current liabilities			257,000
Long term liabilities
Notes payable			150,000
Loans from related parties			12,057
Total long-term liabilities			162,057
Total liabilities			419,057
Contingent liabilities			505,578
Stockholders' equity (deficit)
Preferred stock			35,251
Common stock			10,825,420
Additional paid-in capital			(5,580,914)
Accumulated (deficit)			(4,649,429)
Total stockholders' equity (deficit)			630,328
Total liabilities and stockholders' deficit	$
	1,554,963

See accompanying notes to these unaudited consolidated financial statements.

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NOHO, INC.

	Unaudited Statements of Operations
		For the three months ended		For the six months ended
		June 30,			June 30,
Sales revenue	$	2022	$		2021		2022			2021
976		0		2,883			0
Cost of sales		217			0		650			0
Gross profit		759			0		2,233			0
Operating expenses
Sales expense		32					133
Licenses							62
Legal and accounting							32,500
Professional fees		12,500			12,500		1,095			57,500
Director & officer compensation		27,250			25,000		52,250			50,000
Website expenses		751					4,331
General and administrative expenses		835					1,155
Amortization expense		30,000					60,000
Total operating expenses		71,368			37,500		151,526			107,500
(Loss) from operations		(70,609)			(37,500)		(149,293)			(107,500)
Other income (expenses)
Derivative liability gain (expense)		0			368,981		(10,115)			386
Interest (expense)		0			(24,446)		(11,116)			(54,029)
Gain from extinguishment of debt		424,697			120,654		424,697			120,654
Total other gains (expenses)		424,697			465,189		403,466			67,011
Net income (loss)	$		$
354,088		427,689		254,173			(40,489)
Weighted average: outstanding common shares		10,462,753,436			9,286,345,332		10,403,762,651			9,233,440,261
(Loss) per share		Nil			Nil		Nil			Nil
Basic	$	$		$	$
Diluted	$	Nil	$		Nil	$	Nil	$		Nil
* Unissued common shares are anti-dilutive.

See accompanying notes to these unaudited consolidated financial statements.

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NOHO, INC.

Unaudited Statement of Stockholders Equity

		Preferred		Preferred
		A		B		Preferred		Common		Paid-In	Accumulated
		Shares	Amount	Shares	Amount	C Shares	Amount	Shares	Amount	Capital	(Deficit)	Total
Balance at December 31, 2019	10,000,000	$10,000	21,600,000	$21,600	0	0	9,179,258,493	$9,179,258	($5,835,123)	($4,093,018)	($717,283)
Shares for services				1,000,000	1,000					139,000		140,000
Net (loss) for the year ended Dec 31,	2020										(239,468)	(239,468)
Balance at December 31, 2020		10,000,000	10,000	22,600,000	22,600			9,179,258,493	9,179,258	(5,696,123)	(4,332,486)	(816,751)
Shares for website acquisition				2,000,000	2,000					498,000		500,000
Shares for website development				2,000,000	2,000	60,000	6,000			592,000		600,000
Shares issued for debt								561,361,624	561,362	74,660		636,022
Shares for marketing services				400,000	400					27,600		28,000
Conversion into common shares				(4,320,000)	(4,320)			604,800,000	604,800	(600,480)		0
Net (loss) for the year ended Dec 31,	2021										(571,116)	(571,116)
Balance at December 31, 2021		10,000,000	10,000	22,680,000	22,680	60,000	6,000	10,345,420,117	10,345,420	(5,104,343)	(4,903,602)	376,155
Conversion into common shares				(3,428,571)	(3,429)			479,999,940	480,000	(476,571)		0
Net income for 6 months ended June 30,
2022											254,173	254,173
Balance at June 30, 2022		10,000,000	$10,000	19,251,429	$19,251	60,000	$6,000	10,825,420,057	$10,825,420	($5,580,914)	($4,649,429)	$630,328

See accompanying notes to these unaudited consolidated financial statements.

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NOHO, INC.

Unaudited Statements of Cash Flows

		For the three months ended		For the six months ended
		June 30,			June 30,
OPERATING ACTIVITIES		2022			2021		2022			2021
Net (loss) for the period	$	(354,088)	$		427,689	$	(254,173)	$		(40,489)
Adjustments to reconcile net loss to net cash
(used in) provided by operating activities:
Amortization expense		30,000			0		60,000			0
Operational gain on extinguishment of debt		283,479			0		83,646			0
Changes in assets and liabilities:
(Incr)/decr - Inventory		217			0		652			0
(Incr)/decr - Loan receivable		0			0		0			0
Incr/(decr) in accounts payable		12,500			612,500		32,500			657,500
Incr/(decr) in accrued compensation		27,000			25,000		52,000			50,000
Incr/(decr) in notes payable		0			0		0			0
Incr/(decr) in accrued interest		0			(96,209)		11,116			(66,626)
Incr/(decr) in unissued common stock		0			0		0			0
Incr/(decr) - in derivative liability		0			(368,980)		10,115			(385)
Net cash (used in) provided by operating activities		(892)			600,000		(4,144)			600,000
INVESTING ACTIVITIES
Acquired marketing product development		0			(600,000)		0			(600,000)
Net cash (used in) provided by investing activities		0			(600,000)		0			(600,000)
FINANCING ACTIVITIES
NONE		0			0		0			0
Loans from related parties		0			0		0			0
Net cash (used in) provided by financing activities		0			0		0			0
INCREASE (DECREASE) IN CASH		(892)			0		(4,144)			0
CASH, BEGINNING OF PERIOD		1,040			0		4,292			4,292
CASH, END OF PERIOD	$	148	$		0		148			4,292
NON-CASH TRANSACTIONS IN COMMON SHARES
Conversion of 3,429,000 Preferred B for
common shares	$	0	$		0	$	0	$		0

See accompanying notes to these unaudited consolidated financial statements.

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NOHO, INC.

Notes to unaudited financial statements

For the three months ended June 30, 2022, and 2021

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization

Noho, Inc. (the "Company" or "Noho") was incorporated in the state of Wyoming on September 30, 2011, under the name Real Estate Pathways, Inc. On January 9, 2013, the Company changed its name from Real Estate Pathways, Inc. to NOHO, Inc. The Company reinstated its status by filing in Wyoming on March 18, 2021.

Summary of Significant Accounting Policies

The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and are expressed in U.S. dollars. The Company's fiscal year end is December 31.

Nature of operations

Currently, the Company is focused on the production and sale of After Shot, a beverage for hangover defense. The Company purchases raw materials and outsources the manufacturing to a third party.

Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ significantly from those estimates.

Fair value of financial instruments

We utilize ASC 820-10, Fair Value Measurement and Disclosure, for valuing financial assets and liabilities measured on a recurring basis. Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The guidance also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of our Company. Unobservable inputs are inputs that reflect our Company's assumptions about the factors market participants would use in valuing the asset or liability. The guidance establishes three levels of inputs that may be used to measure fair value:

Level 1. Observable inputs such as quoted prices in active markets; and

Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

As of June 30, 2022, and June 30, 2021, there were no level 2 or 3 assets or liabilities.

Intangible assets

ASC 350 requires that goodwill and intangible assets with indefinite useful lives no longer be amortized, but instead tested for impairment at least annually in accordance with the provisions of ASC 350. This standard also requires that intangible assets with definite useful lives be amortized over their respective estimated useful lives to their estimated residual values and reviewed for impairment.

The Company's intangible assets consist of the costs of filing and acquiring various patents and trademarks. The trademarks are recorded at cost. The Company determined that the trademarks have an estimated useful life of approximately 11 years and will be reviewed annually for impairment. Amortization will be recorded over the estimated useful life of the assets using the straight-line method for financial statement purposes when their corresponding assets are in productive use.

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