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Saturday, July 25, 2020 8:33:54 PM
15
WORLD MOBILE HOLDINGS, INC.
NOTES TO FINANCIAL STATEMENTS
From time to time, our officers provide office space to us for free. However, we have not reached a
formal lease agreement with any officer as of the date of this filing. The office rental expense were $0
and $0 for the year ended December 31, 2020 and 2019, respectively, and $0 and $0 for the three
months ended March 31, 2020 and 2019, respectively.
The Company had been engaged in the various business since it's incorporation on May 5, 2006. The
Company was not successful and discontinued the majority of its operation by December 31, 2017.
Management believes that there are no valid outstanding liabilities from prior operations. If a creditor
were to come forward and claim a liability, the Company has committed to contest such claim to the
fullest extent of the law. No amount has been accrued in the financial statements for this contingent
liability.
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