NuVim : 2022 2Q Numbers & Notes

Financial Statements

NuVim, Inc.

For the Period Ended June 30, 2022

NuVim, Inc,

Condensed Balance Sheets (unaudited)

			June 30, 2022		December 31, 2021
ASSETS
Current assets:
Cash and cash equivalents	$	9,629	$	4,654
Prepaid			5,500			2,750
Total current assets			15,129			7,404
Total assets		$	15,129		$	7,404
LIABILITIES & MEMBERS EQUITY
Current liabilities:
Accrued expenses	$	1,050	$	-
Notes payable - current portion			-			30,987
Rescinded series B offering payable			-			18,920
Total current liabilities			1,050			49,907
Commitments & contingencies			-			-
Notes payable			31,284			148,070
Total liabilities			32,334			197,977
Stockholders' Deficit:
Common Stock, 120,000,000 shares authorized,
$.00001 par value, 104,914,821 shares issued and
outstanding at June 30, 2022 and 98,956,639
outstanding at December 31, 2021 and 98,956,639			1,049			990
Additional paid-in capital			24,861,923			24,691,992
Common stock subscription			13,500			-
Accumulated deficit			(24,893,677)			(24,883,555)
Total stockholders' deficit			(17,205)			(190,573)
Total liabilities and stockholders' deficit	$	15,129	$	7,404

See the accompanying notes to the unaudited financial statements

NuVim, Inc,

Condensed Statement of Operations (unaudited)

		Three months ended June 30,			Six months ended June 30,
		2022			2021			2022			2021
Gross sales	$	200	$	200	$	450	$	430
Gross profit		200			200			450			430
Selling, general and administrative expenses		3,913			8,332			10,275			12,057
Loss from operations		(3,713)			(8,132)			(9,825)			(11,627)
Other income (expense)
Interest expense		(149)			(150)			(297)			(301)
Total other income (expense)		(149)			(150)			(297)			(301)
Net loss before income tax		(3,862)			(8,282)			(10,122)			(11,928)
Income taxes (benefit)		-			-			-			-
Net loss	$	(3,862)	$	(8,282)	$	(10,122)	$	(11,928)
Basic and diluted loss per share		0.00			0.00			0.00			0.00
Weighted average number of common shares		101,972,513			98,039,512			102,778,287			98,039,512
outstanding - basic and diluted

See the accompanying notes to the unaudited financial statements

NuVim, Inc,

Condensed Statement of Stockholders' Deficit (unaudited)

Three Months Ended June 30, 2022 and June 30, 2021

	Common Stock			Additional Paid		Common Stock		Accumulated
	Shares		Amount			in Capital			Subscription			Deficit			Total
Balance, March 31, 2022	101,914,821	$	1,019	$	24,858,953	$	-	$	(24,889,815)	$	(29,843)
Proceeds from sale of common stock	3,000,000			30			2,970			-			-			3,000
Subscription received from sale of common stock	-			-			-			13,500			-			13,500
Net Loss	-			-			-			-			(3,862)			(3,862)
Balance, June 30, 2022	104,914,821		$	1,049		$	24,861,923		$	13,500		$	(24,893,677)		$	(17,205)
	Common Stock			Additional Paid		Common Stock		Accumulated
	Shares		Amount			in Capital			Subscription			Deficit			Total
Balance, March 31, 2021	97,956,639	$	980	$	24,674,502	$	-	$	(24,865,400)	$	(189,918)
Proceeds from sale of common stock	1,000,000			10			17,490			-			-			17,500
Net Loss	-			-			-			-			(8,282)			(8,282)
Balance, June 30, 2021	98,956,639		$	990		$	24,691,992		$	-		$	(24,873,682)		$	(180,700)

See the accompanying notes to the unaudited condensed financial statements

NuVim, Inc,

Condensed Statement of Stockholders' Deficit (unaudited)

Six months ended June 30, 2022 and 2021

	Common Stock			Additional Paid		Common Stock			Accumulated
	Shares		Amount			in Capital			Subscription			Deficit			Total
Balance, December 31, 2021	98,956,639	$	990	$	24,691,992			-	$	(24,883,555)	$	(190,573)
Common stock issued for conversion of debt	2,940,000			29			148,041			-			-			148,070
Common stock issued for conversion of rescinded series B	18,182			-			18,920			-			-			18,920
Proceeds from sale of common stock	3,000,000			30			2,970			-			-			3,000
Subscription received from sale of common stock	-			-			-			13,500			-			13,500
Net Loss	-			-			-			-			(10,122)			(10,122)
Balance, June 30, 2022	104,914,821		$	1,049		$	24,861,923		$	13,500		$	(24,893,677)		$	(17,205)
	Common Stock			Additional Paid		Common Stock			Accumulated
	Shares		Amount			in Capital			Subscription			Deficit			Total
Balance, December 31, 2020	97,956,639	$	980	$	24,674,502			-	$	(24,861,753)	$	(186,271)
Proceeds from sale of common stock	1,000,000			10			17,490			-			-			17,500
Net Loss	-			-			-			-			(11,928)			(11,928)
Balance, June 30, 2021	98,956,639		$	990		$	24,691,992			-		$	(24,873,681)		$	(180,699)

See the accompanying notes to the unaudited financial statements