SUPERNOVA ENERGY, INC.
Symbol: SPRN
FINANCIAL STATEMENTS (unaudited)
For the
Year Ended December 31, 2021
Fiscal Year: 12/31
Address:
265 Sunrise Hwy, Suite 1-276 Rockville Centre, New York 11570
Contents | Page |
SUPERNOVA ENERGY, INC | 3 |
Unaudited Condensed Balance Sheets | 3 |
Unaudited Condensed Statements of Operations | 4 |
Unaudited Condensed Statements of Stockholders' Equity | 5 |
Unaudited Condensed Statements of Cash Flows | 6 |
Notes to the Unaudited Condensed Financial Statements | 7 |
SUPERNOVA ENERGY, INC.
Balance Sheets (Unaudited)
ASSETS
Current Assets
Cash and cash equivalents Accounts receivable Prepaid acquisition costs
Total Current Assets
Property and Equipment
Oil and gas properties (full cost method) Proved
Unproved
Support equipment
Total property, plant and equipment
Accumulated depletion, depreciation, and impairment Total oil and gas properties, net
TOTAL ASSETS
LIABILITIES & SHAREHOLDERS' DEFICIT
Current Liabilities
Bank overdraft
Accounts payable and accrued expenses
Accounts payable and accrued expenses, related parties Notes payable
Convertible note payable, net of unamortized discounts of $0 and $0 Notes payable - related parties
Derivative liabilities
Total Current Liabilities
Long-term liabilities
Asset retirement obligations, net TOTAL LIABILITIES
SHAREHOLDERS' DEFICIT
Preferred stock, 25,000,000 total preferred shares authorized at par value of $0.0001
Series A Convertible Preferred Stock designated at par value of $0.0001; 185,000 and 185,000 shares issued and outstanding, respectively
Series B Preferred Stock 25,000 shares designated at par value of $0.0001; 25,000 and 25,000 shares issued and outstanding, respectively
Common stock, 3,000,000,000 shares authorized at par value of $0.0001; 314,980,572 and 126,980,572 shares issued and outstanding, respectively
Additional paid-in capital Accumulated deficit
TOTAL SHAREHOLDERS' DEFICIT
TOTAL LIABILITIES & SHAREHOLDERS' DEFICITDecember 31, 2021
$
December 31, 2020
29,390 100,000 29,000 158,390
$
- - 29,000 29,000
922,897 822,897
546,325 546,325
267,631 267,631
1,736,853 (1,636,853)
100,000
$
1,636,853 (1,561,300)
75,553
258,390
$
104,553
$
-
$
9
613,882 569,996
88,013 78,490
624,000 624,000
217,840 25,000
36,000 20,000
65,476 41,666
1,645,211
157,752 1,802,963
1,359,161
157,752 1,516,913
10 10
18 18
3 3
31,498 3,764,765 (5,340,867) (1,544,573)
$
12,698 3,764,765 (5,189,854) (1,412,360)
258,390
$
104,553 3
SUPERNOVA ENERGY, INC.
Statements of Operations
(Unaudited)REVENUES
Revenue
Revenue-related party TOTAL REVENUES
OPERATING EXPENSES
Depletion, depreciation, amortization and accretion expense
Lease operating expenses
Professional fees
General and administrative expenses TOTAL OPERATING EXPENSES
Year Ended December 31,2021
$
2020
2,200 946
$
20,141 -
3,146 20,141
75,553 120,000
46,000
-97,771 3,300
43,758 31,026
263,082
154,326
Loss from Operations
OTHER INCOME (EXPENSES)
Change in fair value of derivative liabilities
Gain of sales of assets
Interest expense
Total other income (expenses)
(259,936)
(23,810) 175,000 (42,267) 108,923
(134,185)
25,794 - (38,207) (12,413)
NET LOSS
(151,013)
(146,598)
NET LOSS PER SHARE, BASIC AND DILUTED
$
(0.00)
$
(0.00)
WEIGHTED AVERAGE SHARES OUTSTANDING, BASIC AND DILUTED
203,199,750
119,627,147
SUPERNOVA ENERGY, INC. Statements of Stockholders' Equity
(Unaudited)
Preferred Stock
Series A Preferred Stock
Series B Preferred StockAdditional
TotalCommon Stock
Paid in
Accumulated
Stockholder'sShares
Amount
Shares
Amount
Shares
Amount
Shares
Amount
Capital
Deficit
DeficitBalance - December 31, 2018
98,800
$
10
125,000
12
25,000
$
3
115,980,572
$ 11,598
$ 3,740,771
$ (4,879,567)
$ (1,127,173)Issuance Series A Preferred stock in connection with lease and well acquisition
Net loss
Balance - December 31, 2019
-
- -60,000
6
-
- -- -- -
23,994
24,000
-
(163,689)
(163,689)
98,800
$
10
185,000
$
18
25,000
$
3
115,980,572
$
11,598
$ 3,764,765
$ (5,043,256)
$ (1,266,862)
Debt converted to common stock
Net loss
Balance - December 31, 2020
Common stock issued for cash - related
party
Debt converted to common stock
Net loss
Balance - December 31, 2021
- - 98,800
- -
- -
- -
- -
- -
11,000,000
1,100
-
-
- -
-
(146,598)
1,100
(146,598)
$
10
185,000
$
18
25,000
$
3
126,980,572
$
12,698
- - - 98,800
$ 3,764,765
$ (5,189,854)
$ (1,412,360)
- - -- - -- - -- - -
- - -
150,000,000 38,000,000
15,000 - - 15,000
3,800 - - 3,800
-
-
-
(151,013)
(151,013)
$
10
185,000
$
18
25,000
$
3
314,980,572
$ 31,498
$
3,764,765
$
(5,340,867)
$ (1,544,573)
The accompanying notes are an integral part of these unaudited financial statements
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Supernova Energy Inc. published this content on 15 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 April 2022 19:10:02 UTC.