BrewBilt Brewing Co (BRBL)

[HurricaneCat5]

10-Q 11/10/2020

As of September 30, 2020, the Company had a cash balance and current asset total of $26,578 and $36,745 respectively, compared with $25,495 and $40,929 of cash and current assets, respectively, as of December 31, 2019. The decrease in assets was due to a decrease in prepaid expenses in 2020.

As of September 30, 2020, the Company had total liabilities of $7,048,480 compared with $6,013,494 as of December 31, 2019. The increase in total liabilities was primarily attributed to an increase in accounts payable, accrued wages, and accrued interest.

We have no cash on hand and are 7 mill in debt. 7 mill is not bad if we could get one of those Cold Water Ext contracts to pay off. The day one of those Contracts hit we go up 250%. Looks like SIML payed off 1 million in debt in the last year.

SIML