Xtreme One Entertainment Inc (XONI)

[Dr Gator]

WHAT Real bank would lend $$$ to CGRW, NO GROWTH, just Decay in Revenues, Large DEBT, but only $5000/month in revenue. ......THEN throw in the 27 year of proven POOR Management from Delmar & Brent

the TRUTH is all right here
https://www.otcmarkets.com/otcapi/company/financial-report/332264/content

CannaGrow Holdings, Inc.
(formerly BizAuctions, Inc.)
(Unaudited)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
9
The Company operates out of Pueblo, Co., and has two (2) full time employees at the end of this reporting
period, 2021.
CannaGrow Holdings revenue from operations for the quarter ended March 31, 2022, decreased to $15,000
from $161,375 for the corresponding quarter ended March 31, 2021. The change in revenues is due to
business fluctuations, and renegotiation of the lease.

Net Loss Per Common Share
The Company computes earnings per share under Financial Accounting Standard No. 128, "Earnings Per
Share" (SFAS 128). Net loss per common share is computed by dividing net loss by the weighted average
number of shares of common stock and dilutive common stock equivalents outstanding during the year.
Dilutive common stock equivalents consist of shares issuable upon conversion of convertible preferred
shares. During the periods ended March 31, 2022, and December 31, 2021, common stock equivalents are
not considered in the calculation of the weighted average number of common shares outstanding because
they would be anti-dilutive, thereby decreasing the net loss per common share.
CannaGrow Holdings, Inc.
(formerly BizAuctions, Inc.)
(Unaudited)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
10
NOTE A – SUMMARY OF ACCOUNTING POLICIES (CONTINUED)

Liquidity
As shown in the accompanying financial statements, the Company has incurred a loss from operations before
extraordinary items of ($4,598) during the period-ended March 31, 2022. As of March 31, 2022, the
Company had working capital deficit of ($825,216). In order for the Company to sustain operations,
additional working capital must be raised by increases in revenue realizing profitable margins, by the sale of
equity securities, advances or loans from financial institutions or its affiliates.