1812 Brewing Company Inc (KEGS)

[THall]

A real scam that has doubled their losses over the last year. They went from a net income of - $86,279 in Q1 2023 to a net income of - $168,851 in Q1 2024. The only way they are keeping the lights on is by toxic loans. They had to borrow $249,673 just to keep the lights on in Q1 2024.

OPERATING ACTIVITIES
Net Income $ (168,851) $ (86,279)
Adjustments to reconcile Net Income to Net Cash provided
by operations: $ -(9,692) $ (35,454)
Accrued Interest $ - $ -Net cash provided by operating activities $ (168,851) $ (121,733)
INVESTING ACTIVITIES
Property, Plant & Equipment $ (75,450) $ 166,944
Related Company Investment -(168,845)
Parent Company Write-Offs - -
Net cash provided by investing activities $ (75,450) $ (1,901)
FINANCING ACTIVITIES
Operating Company Financings $ 249,673 $ 521
Parent Company Financings -286,840
Net cash provided by financing activities $ 249,673 $ 287,361
Net cash increase for period $ 5,372 $ 163,727
Cash at end of period $ 79,150 $ 3,778