Eline Entertainment Group Inc (EEGI)

[BRoberts1982]

December31, 2021, and 2020, revenues generated were approximately $2,180,324
Total operating expenses for the year ended December 31, 2021, were $4,606,683,
Losses of TWICE the revenues.
That's good according to Steve!!!

Never mentioned the Lawsuit they lost

On June 24, 2021 the Company was sued by Harbor Gates Capital, LLC (“Harbor Gates”) in the United States District Court for the Southern District of Florida, Civil Action No.
1:21cv22322 for default on a note. Harbor Gates alleges that on or about September 14, 2020 the Company issued to them a convertible note for $210,000 convertible into the Company’s common
stock. The note was due within six months from the funding, and they alleged that the Company was in default. On March 4
, 2022, a final Default Judgement was entered against the Company. The
Company is planning to appeal this decision.

The report of our independent registered public accounting firms that accompanies our audited consolidated financial statements for the year ended December 31, 2021, contain a going
concern qualification in which such firm expressed substantial doubt about our ability to continue as a going concern. We had net cash used in operations of $500,000 during the year ended
December 31, 2021. At December 31, 2021, we had working capital deficit of $1,187,287. Additionally, at December 31, 2021, we had an accumulated deficit of $37,719,964