Small minds choose to see only a pebble on the ground.. .. ..
instead of the whole landscape
Shares Outstanding Common Stock
30-Jun-21 3,853,836,751.00
31-Mar-21 3,660,503,905.00
193,332,846.00
Date issued Shares Issues
9-Apr-21 76,545,833 0.0024
3-Jun-21 116,787,013 0.0019
193,332,846
Total Stockholders Equity
31-Mar-21: -1,935,413
30-Jun-21: -1,761,439
As of March 31, 2021 there were 26 outstanding Promissory and Convertible Notes totaling 449,071
As of June 30, 2021 there are 22 outstanding Promissory and Convertible Notes totaling 354,511
Reduction of 94,560
Excerpt from - Quarterly Report
For the Period Ending: June 30, 2021
NOTE 1 — ORGANIZATION AND MANAGEMENT’S PLANS Organization August 5, 2021 - GRILLiT, Inc. released the 2021 Q2 Reports. Starting with the balance sheet, GRILLiT Inc. finished Q2 with a 52K cash balance related to investments into the company to support the buildout and operating expenses of the first Pretzel Haus Location. Fixed assets increased by 26K in Quarter 2 of 2021 related to leasehold improvements into the facilities. Lastly there were deposits related to the Palm Harbor lease and utility deposits that totaled 6K that are an asset to the company. Overall, GRILLiT has experienced an increase in assets by 83K year to date. During Q2, GRILLiT Inc. was able to reduce the Convertible Notes Payable by 95K through the conversion of a 2016 Mammoth Note that Irrevocable Reserved Shares were authorized by C. Keith Wilkerson II, who was the CEO of GRILLiT Inc. to Mammoth and acknowledged and agreed by Pacific Stock Transfer. Irrevocable Reserved Shares allow for a transfer agent to act without delay and without the need for any action or confirmation by the company (GRILLiT Inc.) with respect to the issuance of common stock pursuant to any conversions received by the Transfer Agent (Pacific Stock Transfer) from the Investor (Mammoth). As of January 1, 2021 Mammoth had 193,333,333 reserved shares and post conversion, Mammoth currently has 487 reserved shares remaining. GRILLiT saw an increase in the revolving debt by 50K related to the revolving credit agreement with Mammoth Corporation. GRILLiT Inc was also able to reduce the Long-Term Liabilities of GRILLiT by multiple investors into GRILLiT dating back to 2014 – 2015 agreeing to write-off of personal notes they had with the company. These decisions were based on the execution of the company business plan as well as the related performance of the company stock. Other Long-Term liabilities were increased by cash investments by Greg Mitchell into GRILLiT Inc. GRILLiT Inc was also able to pay off a 6K credit card in the 2nd Quarter. Overall, GRILLiT Inc was able to increase Shareholder Equity 163K in the first half of 2021. Related to the Profit & Loss statement, GRILLiT Inc. was able to generate a Net Income of 74K through June 30, 2021. This is the result of GAAP requiring the write-off of notes to be reported as income to GRILLiT Inc. These are the same transactions that caused the decrease in our liabilities in the 2nd Quarter of 2021 by 105K
