Golden Developing Solutions Inc (DVLP)

[tchalla]

lol lol that is not what that balance sheet says. lmao lmao lmao lmao

GOLDEN DEVELOPING SOLUTIONS, INC

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)





September 30, 2019 December 31, 2018
Current assets:
Cash and cash equivalents $ 157,711 $ 12,463
Accounts receivable, net 152,048 5,580
Inventory 91,931 91,931
Deposit on equipment 100,000 -
Assets held for sale - current 432,560 -

Total current assets 934,250 109,974

Property and equipment, net 14,189 17,051
Right of use asset - operating leases 922,900 -
Intangible assets, net 3,204,896 3,863,771
Goodwill 4,986,636 4,986,636
Other assets 58,749 -
Assets held for sale - non current 2,761,645 -

Total assets $ 12,883,265 $ 8,977,432

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses $ 568,081 $ 93,423
Deferred revenue 168,248 43,207
Right of use liabilities - operating leases short-term 241,433 -
Line of credit 34,021 -
Notes payable - related party 29,392 69,788
Acquisition notes payable - short-term 3,483,489 3,769,489
Note payable, net of discount and deferred financing costs 57,365 45,978
Convertible notes payable, net 110,107 -
Liabilities held for sale - current 1,288,983 -

Total current liabilities 5,981,119 4,021,885

Right of use liabilities - operating leases, net of current portion 723,802 -
Liabilities held for sale - non current 1,100,000 -

Total liabilities 7,804,921 4,021,885

Shareholders’ equity:
Preferred stock, 35,000,000 shares authorized, $0.0001 par value, Series A Preferred stock, 1 share authorized, 1 issued and outstanding - -
Common stock, 4,000,000,000 shares authorized, $0.0001 par value, 814,426,284 and 544,842,571 issued and outstanding, respectively 81,442 54,484
Additional paid-in capital 11,736,216 6,582,320
Accumulated deficit (6,735,348 ) (1,678,091 )

Total stockholders’ equity attributable to Golden Developing Solutions, Inc. stockholders 5,082,310 4,958,713
Noncontrolling interest (3,966 ) (3,166 )
Total stockholders’ equity 5,078,344 4,955,547

Total liabilities and stockholders’ equity $ 12,883,265 $ 8,977,432


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




3