As of October 20, 2017, there were 2,837,152,976 shares of the registrant’s $0.0001 par value common stock issued and outstanding.
BLACK STALLION OIL AND GAS INC.
BALANCE SHEETS
September 30, 2017 December 31, 2016
ASSETS
Current Assets
Cash $2,709 -
Loan to related party
163,471 41,654
Prepaid expenses
173,291 118,787
Total Current Assets
339,471 160,441
Working interest in oil and gas leases
850,000 850,000
Intangible assets, net
- 1,158
TOTAL ASSETS
$ 1,189,471 $ 1,011,599
LIABILITIES
Current Liabilities:
Bank overdraft $ -$276
Accounts payable and accrued liabilities 16,133 26,554
Accrued wages 8,025 63,900
Convertible notes payable, net of discount
433,152 115,477
Convertible notes payable, interest
39,570 6,680
Derivative liabilities
1,087,501 405,929
Total Current Liabilities
1,584,381 618,816
Total Liabilities
$ 1,584,381 $ 618,816
Commitments and contingencies
SHAREHOLDERS' EQUITY
Preferred stock, Series B, $0.0001 par value 1,000 authorized
1,000 shares issued and outstanding on September 30, 2017
0 shares issued and outstanding on December 31, 2016
Common stock, $0.0001 par value 25,000,000,000 authorized
2,651,317,176 shares issued and outstanding on September 30, 2017
145,163,921 shares issued and outstanding on December 31, 2016
283,715 14,516
Additional paid-in capital
3,947,548 2,191,673
Common stock subscribed but unissued
150,000
Accumulated deficit
(4,626,173 ) (1,963,406 )
Total Shareholders' Equity
(394,910 ) 392,783
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
$ 1,189,471 $ 1,011,599
