Winners : 1st Quarter - (March 31, 2022) Financial Statements

WINNERS, INC. AND SUBSIDIARY
	Page
	No.
Condensed Consolidated Balance Sheets as of March 31, 2022 and December 31, 2021 (Unaudited)	2
Condensed Consolidated Statements of Operations for the Three Months Ended
March 31, 2022 and 2021 (Unaudited)	3
Condensed Consolidated Statements of Changes in Stockholders' Equity for the Three Months Ended
March 31, 2022 and 2021 (Unaudited)	4
Condensed Consolidated Statements of Cash Flows for the Three Months Ended
March 31, 2022 and 2021 (Unaudited)	6
Notes to Condensed Consolidated Financial Statements (Unaudited)	7

WINNERS, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited)
		March 31,		December 31,
		2022		2021
ASSETS
Current assets:
Cash	$	269,954	$	871,048
Accounts receivable		-		24,788
Prepaid expenses and other current assets		53,813		48,666
Note receivable and accrued interest - Clickstream Corp. - related party		62,705		-
Total current assets		386,472		944,502
Total assets	$	386,472	$	944,502
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	6,291	$	4,662
Note payable and accrued interest - Clickstream Corp. - related party		-		151,919
Total current liabilities		6,291		156,581
Commitments and contingencies (See Note 10)
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized;
8,458,334 and 9,000,000 shares issued and outstanding, respectively		8,458		9,000
Stockholders' equity:
Common stock, $0.0001 par value, 4,000,000,000 shares authorized;
280,317,986 and 280,090,934 shares issued and outstanding, respectively		280,318		280,091
Common stock to be issued, 3,421,870 and 0 shares, respectively		3,422		-
Additional paid-in capital		5,310,346		5,240,674
Non-controlling interest in subsidiary		(2,879)		(2,629)
Accumulated deficit		(5,219,484)		(4,739,215)
Total stockholders' equity		371,723		778,921
Total liabilities and stockholders' equity	$	386,472	$	944,502

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

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WINNERS, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
	For the Three Months Ended March 31,
		2022		2021
Revenues	$	15,123	$	1,956
Operating expenses:
Selling, general and administrative expenses		441,642		656,439
Total operating expenses		441,642		656,439
Loss from operations		(426,519)		(654,483)
Other income (expense):
Interest income		18		-
Interest expense		(393)		(430,374)
Total other income (expense), net		(375)		(430,374)
Loss before non-controlling interest		(426,894)		(1,084,857)
Less: Non-controlling interest		(250)		(129)
Net loss		(426,644)		(1,084,728)
Deemed dividend resulting from redemption of Series A shares		(53,625)		-
Net loss available to common stockholders	$	(480,269)	$	(1,084,728)
Net loss per common share, basic and diluted	$	(0.00)	$	(0.01)
Weighted average number of common shares outstanding, basic
and diluted		283,317,291		188,834,110

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

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				WINNERS, INC. AND SUBSIDIARY
		CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
			FOR THE THREE MONTHS ENDED MARCH 31, 2022
				(unaudited)
								Additional
	Common Stock		Common Stock To Be Issued		Paid-in		Non-controlling		Accumulated
	Shares		Amount	Shares		Amount		Capital		Interest		Deficit		Total
Balance, December 31, 2021	280,090,934	$	280,091	-	$	-	$	5,240,674	$	(2,629)	$	(4,739,215)	$	778,921
Issuance of common shares for services	227,052		227	3,421,870		3,422		69,672		-		-		73,321
Redemption of Series A preferred shares	-		-	-		-		-		-		(53,625)		(53,625)
Non-controlling interest	-		-	-		-		-		(250)		-		(250)
Net loss	-		-	-		-		-		-		(426,644)		(426,644)
Balance, March 31, 2022	280,317,986	$	280,318	3,421,870	$	3,422	$	5,310,346	$	(2,879)	$	(5,219,484)	$	371,723

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

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WINNERS, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

FOR THE THREE MONTHS ENDED MARCH 31, 2021

(unaudited)

												Additional
	Common Stock			Common Stock To Be Issued				Paid-in			Non-controlling			Accumulated
	Shares			Amount		Shares		Amount				Capital			Interest			Deficit			Total
Balance, December 31, 2020	184,579,250	$	184,579	961,550	$	962	$	541,466	$	(935)	$	(1,448,419)	$	(722,347)
Issuance of common shares for cash	51,000,000			51,000	-			-			2,447,000			-			-			2,498,000
Issuance of common shares for services	566,567			567	-			-			118,412			-			-			118,979
Conversion of convertible debt into common shares	15,500,000			15,500	-			-			759,500			-			-			775,000
Non-controlling interest	-			-	-			-			-			(129)			-			(129)
Net loss	-			-		-			-			-			-			(1,084,728)			(1,084,728)
Balance, March 31, 2021	251,645,817		$	251,646		961,550		$	962		$	3,866,378		$	(1,064)		$	(2,533,147)		$	1,584,775

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

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