SStartrade Tech : Q2-2022 - Financials and Disclosure statement

SStartrade Tech, Inc.

OTC Markets: SSTT

CONSOLIDATED INTERIM FINANCIAL STATEMENTS

QUARTER ENDED

June 30, 2022

(in thousands of United States Dollars)

(Unaudited)

SStarTrade Tech, Ink. and Subsidiaries

	Unaudited Consolidated Balance Sheet
				As of June 30,			As of March 31,
		2022		2022
	ASSETS
	Current Assets
	Cash			57,263				52,675
	Total Current Assets	118,314		110,783
	Other Assets
	Certificates of deposit	11,465		10,634
	Total Other Assets			17,668				16,227
	Total Assets	252,347		249,812
	LIABILITIES AND EQUITY
	Liabilities
	Accounts Payable (A/P)	39,529	37,363
	Convertible Debentures			24,342			23,071
	Notes Payable - Related Parties	8,391		9,968
	Loan Payable	84,825		84,825
	Total Liabilities			189,433			187,169
	STOCKHOLDER'S DEFICIT
	Common stock, $0.0001 par value; authorized shares	1,975,000,000, outstanding
	shares: 99,610,855 as of September 30, 2021	23,100	23,100
	Preferred Stock "A" stock			0				0
	Preferred Stock "B" stock	0		0
	Preferred Stock "C" stock			0			0
	Paid-In Capital or Surplus	8,867		8,515
	Retained Earnings			25,443			26,924
	Net Income	6,418	4,104
	Total Stockholders' deficit			63,828			62,643
	Total Liability & Stockholder's deficit	252,347		249,812

SStarTrade Tech, Ink. and Subsidiaries

Unaudited Consolidated Statement Of Operations

Apr - June 2022

Apr-June2022 Jan-March2022

REVENUES

Managed Services

Total Revenues

COST OF GOODS SOLD

Managed Services Cost

Total Cost of Goods Sold

GROSS PROFIT

OPERATING EXPENSES

Office/General Administrative

Interest Expense

Research and Development

Other

Total Operation Expenses

Net Operating Income (Loss)

Net Income

Loss per shares

Weighted Average Common Shares Outstanding

45,862 43,874

45,862 43,874

20,137 20,543

20,137 20,543

25,725 23,331

9855 10,608

10072,352

2,6311,964

5,8144,303

19,307 19,227

6,4184,104

6,4184,104

1. (0)

99,610,855 99,610,855

	Preferred "A" Stock
	Shares	Amount
Balance as at April 1, 2022	0	0
Net Change		-
Net Loss		-
Balance as at June 30, 2022	0	0

SStarTrade Tech, Ink. and Subsidiaries

Consolidated Statements of Stockholders' Deficit as at June 30, 2022

Unaudited

	Preferred "B" Stock	Common Stock		Additional Paid-		Preferred
													Stock to be
												In-Capital
	Shares		Amount	Shares		Amount			issued
-		0		99,610,855		23,100		8,515		-
	-			-		0			0			352			-
	-			-	-				-			-			-
-		0		99,610,855		23,100		8,867		-

Common
Stock to be	Accumulated Deficit	Stockholders' Deficit
issued
-	31,028	62,643
-		-
-	833	1,185
-	31,861	63,828

SStarTrade Tech, Ink. and Subsidiaries

Consolidated Statement of Cash Flows

Apr - June 2022

OPERATING ACTIVITIES

Net Income

Adjustments to reconcile Net Income to Net Cash provided by operations:

Changes in Liabilities

Changes in Accounts Receivables

Changes in Inventories

Changes in Other Operating Activities

Total Adjustments to reconcile Net Income to Net Cash provided by operations:

Net cash provided by operating activities

INVESTING ACTIVITIES

For the 3 months ended

June-22Mar-22

6,418 4,104

1. 3,862
   (1,264) (1,101)

(1,657)	(2,348)
-	-
(3,354)	413
3,064	4,517

Capital Expenditures	(183)	(1,060)
Investments	(1,023)	(497)
Other Cash Flows From Investing Activities	(318)		(1,138)
Net cash provided by investing activities	1,524	(2,695)
Net cash increase for period	4,588	1,822
Cash at beginning of period	52,675	50,853
Cash at end of period	57,263		52,675

Bruno Horn - CEO

SStartrade Tech Inc.