Tuxis : November 14, 2022 Tuxis Corporation Announces Third Quarter 2022 Financial Results

TUXIS CORPORATION

Unaudited Quarterly Report

For the quarterly period ended September 30, 2022

TUXIS CORPORATION
Contents
Consolidated Unaudited Financial Statements
Consolidated Balance Sheets .........................................................................................................................................................	1
Consolidated Statements of Income...............................................................................................................................................	2
Consolidated Statements of Changes in Equity .............................................................................................................................	3 - 4
Consolidated Statements of Cash Flows ........................................................................................................................................	5
Notes to Unaudited Consolidated Financial Statements ................................................................................................................	6
Corporate Information ................................................................................................................................................................	14

TUXIS CORPORATION

CONSOLIDATED BALANCE SHEETS

(Unaudited)

	September 30, 2022		December 31, 2021
Assets
Current assets
Cash and cash equivalents	$	444,411	$	789,239
Investment in securities		1,754,941			1,707,025
Due from affiliates		7,062			1,598
Interest receivable		874			701
Refundable income taxes		2,820			6,814
Prepaid expenses		16,674			22,959
Assets held for sale		2,194,590			2,194,590
Total current assets		4,421,372			4,722,926
Property and equipment, net		3,024,808			3,014,808
Other assets		1,230			1,230
		3,026,038			3,016,038
Total assets	$	7,447,410	$	7,738,964
Liabilities and shareholders' equity
Current liabilities
Accounts payable and accrued expenses	$	5,545	$	2,995
Total liabilities		5,545			2,995
Commitments and Contingencies
Shareholders' equity
Common stock, $0.01 par value; shares authorized, issued and outstanding at
September 30, 2022 and December 31, 2021: 1,000,000,000 and 1,240,038 and
1,000,100,000 and 1,241,441, respectively		12,400			12,414
Series A participating preferred stock, $0.01 par value, 100,000
shares authorized, -0- shares issued and outstanding		-			-
Additional paid in capital		10,460,233			10,464,651
Notes receivable for common stock issued		(64,030)			(64,030)
Accumulated deficit		(2,966,738)			(2,677,066)
Total shareholders' equity		7,441,865			7,735,969
Total liabilities and shareholders' equity	$	7,447,410	$	7,738,964

See notes to unaudited consolidated financial statements.

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