BrewBilt Manufacturing Inc (BBRW)

[Arthur]

Sales: $395
Expenses: $63,308

Gain (loss) on derivative liability valuation: $137,586

Net loss: ($82,463)

As of May 17, 2019, there were 5,826,958,371 shares of the registrant’s $0.001 par value common stock issued and outstanding.

As of August 12, 2019, there were 1,942,319 shares of the registrant’s $0.001 par value common stock issued and outstanding.

2. GOING CONCERN
The Company has experienced net losses to date, and it has not generated sufficient revenue from operations to meet our operational overhead. We will need additional working capital to service debt and for ongoing operations, which raises substantial doubt about our ability to continue as a going concern. Management of the Company is preparing a strategy to meet operational shortfalls which may include equity funding, short term or long-term financing or debt financing, to enable the Company to reach profitable operations. Historically, the Company’s sole officer and director has provided short term loans to meet working capital shortfalls. We have recently entered into financing agreements with various third parties to meet our capital needs in fiscal 2019.

On July 22, 2019, the Company entered in a Convertible Promissory Note with Auctus Fund LLC in the amount of $31,000. The note is unsecured, bears interest at 12% per annum, and matures on April 22, 2020.