NRP Stone : Quarterly Report - Q4 2020 Financials NRPI

NRP STONE, INC AND SUBSIDIARY

Financial Statements

December 31, 2021 and 2020

C O N T E N T S

Consolidated Balance Sheets ...................................................................................................................	3
Consolidated Statements of Operations ..................................................................................................	4
Consolidated Statements of Stockholders' Equity (Deficit) ......................................................................	5
Consolidated Statements of Cash Flows...................................................................................................	7
Notes to the Financial Statements ...........................................................................................................	8

NRP STONE, INC AND SUBSIDIARY Consolidated Balance Sheets (unaudited)

ASSETS
	December 31, 2021		December 31, 2020
CURRENT ASSETS
Cash and cash equivalents	$	70,783	$	-
Prepaid expenses		550			-
Total Current Assets		71,333			-
OTHER ASSETS
Website		8,338			-
Goodwill		37,534			-
Investment in subsidiary		-			-
Other assets		3,310,000			-
Total Other Assets		3,355,872			-
TOTAL ASSETS	$	3,427,205	$	-
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Accounts payable	$	475,620	$	-
Credit card payables		4,703			-
Notes payable - related party		65,144			456,533
Related-party advances		84,061			84,061
Total Current Liabilities		629,528			540,594
Noncurrent payables		2,727,047			-
Total Liabilities		3,356,575			540,594
STOCKHOLDERS' EQUITY
Common stock (Par $0.001), 500,000,000 authorized,
297,235,541 and 168,618,479 issued and outstanding		297,235			168,618
Paid in capital in excess of par value		(56,510)			42,650
Noncontrolling interest		159,344			-
Retained deficit		(329,439)			(751,862)
Total Stockholders' Equity		70,630			(540,594)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	3,427,205		$	-

The accompanying financials were not subject to an audit, review, or compilation.

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

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NRP STONE, INC AND SUBSIDIARY

Consolidated Statements of Operations

(unaudited)

	For the year ended		For the year ended
	December 31, 2021		December 31, 2020
INCOME	$	43,419	$	-
COST OF GOODS SOLD		6,850			-
GROSS MARGIN		36,569			-
OPERATING EXPENSES
Bank service charge		1,079			-
Amortization expense		1,975			-
Business licensing and fees		1,210			-
Computer expense		10,356			-
Donation to charity		50,000			-
Insurance expense		111,674			-
Interest expense		39,348			-
Legal expense		27,350			-
Marketing expense		70,551			-
Meals and travel expense		5,574			-
Office Supplies		798			-
Payroll expense		9,863			-
Rent expense		7,114			-
Research and development		53,921			-
Utilities expense		722			-
Travel expenses		16,331			-
Professional fees		184,559			91,847
OPERATING EXPENSES		592,425			91,847
NET INCOME (LOSS)		(555,856)			(91,847)
LESS NONCONTROLLING INTEREST
ALLOCATION OF LOSS		(136,343)			-
NET INCOME (LOSS)	$	(419,513)	$	(91,847)

The accompanying financials were not subject to an audit, review, or compilation.

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

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NRP STONE, INC AND SUBSIDIARY

Consolidated Statement of Stockholders' Equity (Deficit)

(unaudited)

							Paid in
							Capital in									Total
	Common Stock			Excess of		Noncontroling			Retained		Stockholders'
	Shares			Amount			Par Value			Interest			Deficit			Equity
Balance, December 31, 2020	232,648,480	$	232,648	$	-	$	-	$	(782,488)	$	(549,840)
Shares issued for services
rendered	6,510,000			6,510			(6,510)			-			-			-
Shares issued in acquisition	50,000,000			50,000			(50,000)			87,399			-			87,399
Creation of joint venture	8,077,061			8,077			-			208,288			872,562			1,088,927
Net loss for the Year ended
December 31, 2021	-			-			-			(136,343)			(419,513)			(555,856)
Balance, December, 31 2021	297,235,541	$	297,235	$	(56,510)	$	159,344	$	(329,439)	$	70,630

The accompanying financials were not subject to an audit, review, or compilation.

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

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