The accompanying notes
are an integral part of these financial statements.
The accompanying notes are an integral
part of the financial statements.
The accompanying
notes are an integral part of these financial statements.
The accompanying notes are an integral
part of these financial statements.
NOTES TO
THE CONSOLIDATED FINANCIAL STATEMENTS
January
31, 2023 and 2022
NOTE 1 - SIGNIFICANT
ACCOUNTING POLICIES
A. ORGANIZATION AND OPERATIONS
The Company was originally incorporated
on April 12, 2004, in the State of Nevada under the name of Ford-Spoleti Holdings, Inc. On June 4, 2009, the Company merged with Eagle
Oil Holding Company, a Nevada corporation, and the surviving entity, the Company, changed its name to “Eagle Oil Holding Company,
Inc.” Inception of the current Company occurred February 8, 2019 when the Company was acquired by Green Stream Holdings Inc. Previously
there was no activity from October 31, 2017 until the acquisition of February 8, 2019. On April 25, 2019, the Company changed its name
to “Green Stream Holdings Inc.” and is deemed to be a continuation of business of Eagle Oil Holding Company, Inc. Additionally,
the Company was reorganized that so that the Company became operating as a holding company of Green Stream Finance, Inc., a Wyoming Corporation.
That reorganization, inter alia, gave Madeline Cammarata, President of Green Stream Finance, Inc., the majority of the voting power in
the Company. On April 25, 2019 the Company also filed the certificate of Amendment to Articles of Incorporation with the Secretary of
State of Nevada providing for reverse stock split: each thirty thousand shares of common stock of the Company issued and outstanding immediately
prior to the “effective time” of the filing were automatically and without any action on the part of the respective holders
thereof, be combined and converted into one (1) share of common stock, provided that no fractional shares were to be issued in connection
with said reverse stock split.
On May 15, 2019, the
Company filed the articles of conversion with the secretary of state of Nevada, to convert the company from Nevada Corporation to
Wyoming Corporation. The Company is in good standing in the State of Wyoming as of September 25, 2019. The Company’s common
shares are quoted on the “Pink Sheets” quotation market under the symbol “GSFI.”
B. PRINCIPALS OF CONSOLIDATION
These consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary Green
Stream Finance, Inc. based in the state of Wyoming. All material inter-company balances and transactions were eliminated upon consolidation.
C. BASIS OF ACCOUNTING
The Company utilizes the
accrual method of accounting, whereby revenue is recognized when earned and expenses when incurred. The financial statements have been
prepared in accordance with generally accepted accounting principles for interim financial information. As such, the financial statements
do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.
In the opinion of management, all adjustments considered necessary for a fair presentation have been included and these adjustments are
of a normal recurring nature.
D. USE OF ESTIMATES
The preparation of financial
statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect
the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements
and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates.
E. CASH AND CASH EQUIVALENTS
Cash and cash equivalents
include cash on hand; cash in banks and any highly liquid investments with maturity of three months or less at the time of purchase. The
Company maintains cash and cash equivalent balances at several financial institutions, which are insured by the Federal Deposit Insurance
Corporation up to $250,000.
F. COMPUTATION OF EARNINGS PER SHARE
Net income per share is
computed by dividing the net income by the weighted average number of common shares outstanding during the period. Due to the net loss,
the options and stock conversion of debt are not used in the calculation of earnings per share because the stock conversions and options
are considered to be antidilutive.
G. INCOME TAXES
The Company accounts for
income taxes under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences
attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax
basis and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected
to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred
tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
The Company’s management
has reviewed the Company’s tax positions and determined there were no outstanding, or retroactive tax positions with less than a
50% likelihood of being sustained upon examination by the taxing authorities, therefore the implementation of this standard has not had
a material effect on the Company.
H. REVENUE RECOGNITION
Revenue for license fees
is recognized upon the execution and closing of the contract for the amount of the contract. Contract fees are generally due based upon
various progress milestones. Revenue from contract payments are estimated and accrued as earned. Any adjustments between actual contract
payments and estimates are made to current operations in the period they are determined.
I. FAIR VALUE MEASUREMENT
The Company determines the fair value of a financial instrument as the amount at which the instrument could be exchanged
in a current transaction between willing parties, other than in a forced sale or liquidation. The carrying amounts reported in the balance
sheet for cash, accounts receivable, inventory, accounts payable and accrued expenses, and loans payable approximate their fair market
value based on the short-term maturity of these instruments.
Fair value measurements
are determined based on the assumptions that market participants would use in pricing an asset or liability. US GAAP establishes a hierarchy
for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring
that the most observable inputs be used when available. The established fair value hierarchy prioritizes the use of inputs used in valuation
methodologies into the following three levels:
| · | Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets. A quoted price
in an active market provides the most reliable evidence of fair value and must be used to measure fair value whenever available. |
| | | |
| · | Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar
assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable
market data. |
| | | |
| · | Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about
the assumptions that market participants would use in pricing an asset or liability. For example, level 3 inputs would relate to forecasts
of future earnings and cash flows used in a discounted future cash flows method. |
J. STOCK-BASED COMPENSATION
The Company measures and
recognizes compensation expense for all share-based payment awards made to employees, consultants and directors including employee stock
options based on estimated fair values. Stock-based compensation expense recognized for the years ended December 31, 2014 and 2013 was
$24,000 and $0 respectively. Stock-based compensation expense recognized during the period is based on the value of the portion of share-based
payment awards that vest during the period.
Share-based compensation
expense recognized in the Company’s consolidated statement of operations for the years ended December 31, 2014 included compensation
expense for share-based payment awards granted in December 31, 2014.
K. SALES AND ADVERTISING
The costs of sales
and advertising are expensed as incurred. Sales and advertising expense was $0 and $476,290 for the six months ended January 31, 2023
and 2022, respectively.
L. NEW ACCOUNTING PRONOUNCEMENTS
The Company reviews new
accounting standards as issued. No new standards had any material effect on these financial statements. The accounting pronouncements
issued subsequent to the date of these financial statements that were considered significant by management were evaluated for the potential
effect on these consolidated financial statements. Management does not believe any of the subsequent pronouncements will have a material
effect on these consolidated financial statements as presented and does not anticipate the need for any future restatement of these consolidated
financial statements because of the retro-active application of any accounting pronouncements issued subsequent to January 31, 2023 through
the date these financial statements were issued.
M. FURNITURE AND EQUIPMENT
Furniture and equipment
are recorded at costs and consists of furniture and fixtures, computers and office equipment. We compute depreciation using the straight-line
method over the estimated useful lives of the assets. Expenditures for major betterments and additions are charged to the property accounts,
while replacements, maintenance, and repairs that do not improve or extend the lives of the respective assets are charged to expense.
N. INTELLECTUAL PROPERTY
Intangible assets (intellectual
property) are recorded at cost and are amortized over the estimated useful life of the asset. Management evaluates the fair market value
to determine if the asset should be impaired at the end of each year.
O. IMPAIRMENT OF LONG-LIVED ASSETS
The Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate
that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant
decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs
significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or
operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current
expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life.
Recoverability is assessed
based on the carrying amount of the asset and its fair value which is generally determined based on the sum of the undiscounted cash flows
expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances.
An impairment loss
is recognized when the carrying amount is not recoverable and exceeds fair value.
NOTE 2 - GOING CONCERN AND LIQUIDITY
CONSIDERATIONS
The accompanying financial
statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets
and the liquidation of liabilities in the normal course of business. At January 31, 2023 the Company had a loss from operations, for the
six months ended, of $164,051, and an accumulated deficit of $14,787,344 and negative working capital of $1,024,803 The Company has not
yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern.
The Company depends upon
capital to be derived from future financing activities such as subsequent offerings of its common stock or debt financing in order to
operate and grow the business. There can be no assurance that the Company will be successful in raising such capital. The key factors
that are not within the Company's control and that may have a direct bearing on operating results include, but are not limited to, acceptance
of the Company's business plan, the ability to raise capital in the future, the ability to expand its customer base, and the ability to
hire key employees to provide services. There may be other risks and circumstances that management may be unable to predict.
The financial statements
do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts
and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.
NOTE 3 – PROPERTY AND EQUIPMENT
Property and equipment
at October 31, 2022 and April 30, 2022 consists of the following:
| | |
| | |
| |
| | |
January 31, 2023 | | |
April 30, 2022 | |
| Furniture and Fixtures | |
$ | 55,930 | | |
$ | 145,520 | |
| Less: Accumulated Depreciation | |
| – | | |
| (30,020 | ) |
| Net Property and Equipment | |
$ | 55,930 | | |
$ | 115,500 | |
Depreciation expense
for the nine months ended January 31, 2023 was $0 and $30,020 for April 30, 2022 respectively. Property and equipment are recorded at
cost. Depreciation is computed on the straight-line method, based on the estimated useful lives of the assets.
NOTE 4 – INTANGIBLE ASSETS
The Company
determined that the various intellectual properties acquired in the merger with Eagle Oil will have no value in the Company’s future
projects. At January 31, 2023 the Company has determined that the intangible asset should be fully impaired as of October 31, 2021.
NOTE 5 –STOCKHOLDERS’
EQUITY/(DEFICIT)
AUTHORIZED SHARES & TYPES
As of January 31, 2023
, we had 4,773,874,123 shares of Common Stock issued and of:
| · | 1,000,000 authorized shares of Convertible Series A Preferred Shares. Convertible Series A Preferred Shares
are convertible into the shares of Common Stock at a ratio of 1,000 shares of Convertible Series A Preferred Shares to 1 share of Common
Stock. There are 53,000 shares issued and outstanding or 53 votes. |
| | | |
| · | 1,000,000 authorized shares of Convertible Series B Preferred Shares. Convertible Series B Preferred Shares
are convertible into the shares of Common Stock at a ratio of 1,000,000 shares of Common Stock for each single Convertible Series B Preferred
Share. Additionally, the Preferred B Shares are non-dilutive. There are 600,000 shares issued and outstanding or 600,000,000,000 votes. |
| | | |
| · | 10,000,000 authorized shares of Convertible Series C Preferred Shares. Convertible Series C Preferred Shares
are convertible into Common Stock at a ratio of 1,000 shares of Convertible Series C Preferred Share for one share of Common Stock. There
are 760,000 shares issued and outstanding or 760 votes. |
NOTE 6 – INCOME TAXES
Deferred tax assets
arising as a result of net operation loss carry forwards have been offset completely by a valuation allowance due to the uncertainty of
their utilization in future periods.
Based on its evaluation,
the Company has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements. The
Company’s evaluation was performed for the tax years ended April 30, 2022 and 2021 for U.S. Federal Income Tax and for the State
of Wyoming.
A reconciliation of
income taxes at statutory rates with the reported taxes follows:
| | |
January 31, 2023 | | |
April 30, 2022 | |
| Loss before income tax benefit | |
$ | 14,787,344 | | |
$ | 14,623,293 | |
| Expected income tax benefit | |
| (5,175,570 | ) | |
| (4,812,037 | ) |
| Non-deductible expenses | |
| – | | |
| – | |
| | |
| | | |
| | |
| Tax loss benefit not recognized for book purposes, valuation allowance | |
$ | 5,175,570 | | |
$ | 4,812,037 | |
| Total income tax | |
$ | – | | |
$ | – | |
The Company has net operating
loss carry forwards in the amount of approximately $14,787,344 that will expire beginning in 2030. The deferred tax assets including the
net operating loss carry forward tax benefit of $14,787,344 total $1,526,063 which is offset by a valuation allowance. The other deferred
tax assets include accrued officer compensation, stock-based compensation, and amortization.
The Company follows
the provisions of uncertain tax positions. The Company recognized approximately no increase in the liability for unrecognized tax benefits.
The Company has no
tax position at January 31, 2023 which the ultimate deductibility is highly certain but for which there is uncertainty about the timing
of such deductibility.
The Company recognizes
interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. No such interest or penalties
were recognized during the periods presented. The Company had no accruals for interest and penalties at January 31, 2023. The open tax
years are from 2019 through 2029.
NOTE 7 – RELATED PARTY TRANSACTIONS
During the Nine months
ended January 31, 2023, and 2022 a Company shareholder had advanced $0 and $0 respectively of personal funds. As of January 31, 2023 and
2022 the Company owed the shareholder $0 and $0 respectively.
NOTE 8 –NOTES AND OTHER LOANS
PAYABLE
On December 11, 2019,
the company agreed to pay Cheryl Hintzen $40,000 in the form of a promissory note with a term of one year at 10 % interest compounded
annually. The Company accrued interest for the Six months ended January 31, 2020, in the amount of $559. On January 8, 2020, the Company
signed a promissory note for $8,000 with Cheryl Hintzen. The note becomes due on March 8, 2020, and carries a per annum interest rate
of 10%. The Company accrued interest for the Nine months ended January 31, 2023 in the amount of $1,159.45.
On February 21, 2020,
the Company borrowed $25,000 from GPL Ventures with interest at a rate of 10% and a due date of April 30, 2020.
On March 12, 2020,
the Company agreed to pay Dr. Jason Cohen 1,000,000 shares at a valuation of $.20 per share plus 8 % interest until the shares are issued.
The interest accrued through end is $2,147.95 which equates to 10,740 shares.
In the month March, 2020
the escrow attorney for GPL Ventures advanced $46,900 in funds for the purchase of REG A shares. The common shares had not been issued
at year end and subsequently were issued. The note will be reclassified as common shares issued and additional paid in capital in the
subsequent period. No interest was accrued for this note.
The following
schedule is Notes Payable at January 31, 2023 and April 30, 2022:
| | |
| | |
| |
| Description | |
January 31, 2023 | | |
April 30, 2022 | |
| | |
| | |
| |
| Note Payable to Ford Motor Credit | |
$ | 52,378 | | |
$ | – | |
| | |
| | | |
| | |
| Note payable to Cheryl Hintzen due December 11, 2021; interest at 10% | |
| 40,000 | | |
| 40,000 | |
| | |
| | | |
| | |
| Note Payable to Cheryl Hintzen due March 8, 2020: interest 10% | |
| 14,000 | | |
| 14,000 | |
| | |
| | | |
| | |
| Notes Payable Janbella Group | |
| 59,360 | | |
| – | |
| | |
| | | |
| | |
| Note Payable Dr. Jason Cohen 1,000,000 shares @ $.20 | |
| 200,000 | | |
| 200,000 | |
| | |
| | | |
| | |
| Note Payable Quick Capital LLC | |
| – | | |
| 290,000 | |
| | |
| | | |
| | |
| Note Payable Quick Capital LLC | |
| 323,398 | | |
| 239,600 | |
| | |
| | | |
| | |
| Note Payable Quick Capital LLC | |
| – | | |
| 50,000 | |
| | |
| | | |
| | |
| Note Payable GS Capital | |
| 70,000 | | |
| – | |
| | |
| | | |
| | |
| Note Payable other | |
| – | | |
| 138,500 | |
| | |
| | | |
| | |
| Note payable escrow attorney for REG A shares | |
| – | | |
| 46,900 | |
| | |
| | | |
| | |
| Total Notes Payable | |
$ | 706,758 | | |
$ | 977,100 | |
NOTE 9 – CONVERTIBLE NOTE PAYABLE
On May 27,
2021 the Company borrowed $230,000 from GS Capital with an interest rate of 8% with a maturity of May 27, 2022. The
note holder converted $50,000 along with $1,012 interest on January 19, 2022. The balance on the note is $70,000 at
January 31, 2023.
On April 14,
2021 the Company sold preferred stock of $325,000 to Quick Capital LLC which included repayment obligation or return with an
interest rate of 10% with superior rights to be paid in the event of a sale of the Company. The Company repaid $50,000 on
July 8, 2021. The note holder converted or exercised its preferred rights for $18,000 on November 17, 2021 and $17,400 on
January 27, 2022. The noteholder thus has the right to convert or replace the obligation into common stock at a fixed price of one
share for every $.001 of preferred or the debt thereunder. The balance on the preferred note is $0 at January 31,
2023.
On August
26, 2021 the Company borrowed $55,000 from Quick Capital LLC with an interest rate of 10%. The Company has the right to
repay the note prior to maturity at a rate of 110% of the then principal and interest. The note is convertible to common stock
at a fixed conversion price of $.001. The balance on the note is $55,000 at April 30, 2022. Additionally, in August, 2021,
Quick-Capital also invested $50,000 in a private transaction with the Company at $0.005 for 10,000,000 common
shares.
On November
8, 2021 the Company borrowed the sum of $83,750.00 from SIXTH STREET LENDING, a North Carolina corporation. The note has a
Maturity date of May 8, 2022 and carries an interest rate of 8% per annum. The note also has conversion rights. During the
period beginning on the date of funding of this Note and ending on the date which is one hundred eighty (180) days following such
date (the “Initial Period”), the Conversion Price shall be fixed at $0.04. At any time following the Initial Period, the
Conversion Price shall be equal to the Variable Conversion Price (as defined herein)(subject to equitable adjustments for stock
splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any
subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The
price & quote Variable Conversion. Price & quote; shall mean 65% multiplied by the Market Price (as defined herein)
(representing a discount rate of 35%). The balance on the note is $0.00 at January 31, 2023.
On November
29, 2021 the Company borrowed the sum of $58,750.00 from SIXTH STREET LENDING, a North Carolina corporation. The note has a
Maturity date of May 28, 2022 and carries an interest rate of 8% per annum. The note also has conversion rights. During
the period beginning on the date of funding of this Note and ending on the date which is one hundred eighty (180) days following
such date (the “Initial Period”), the Conversion Price shall be fixed at $0.04. The balance on the note is $0.00 at
January 31, 2023.
On December
21, 2021 the Company borrowed the sum of $53,750.00 from SIXTH STREET LENDING, a North Carolina corporation. The note has a
Maturity date of June 21, 2022 and carries an interest rate of 8% per annum. The note also has conversion rights.
During the period beginning on the date of funding of this Note and ending on the date which is one hundred eighty (180) days
following such date (the “Initial Period”), the Conversion Price shall be fixed at $0.04. The balance on the note is
$0.00 at January 31, 2023.
On January
11, 2022 the Company borrowed the sum of $53,750.00 from SIXTH STREET LENDING, a North Carolina corporation. The note has a Maturity
date of July 11, 2022 and carries an interest rate of 8% per annum. The note also has conversion rights. During the
period beginning on the date of funding of this Note and ending on the date which is one hundred eighty (180) days following such
date (the “Initial Period”), the Conversion Price shall be fixed at $0.04. The balance on the note is $0.00 at January
31, 2023.
On February
24, 2022, the Company borrowed the sum of $38,750.00 from 1800 DIAGONAL LENDING, a Virginia corporation. The note has a Maturity
date of August 24, 2022 and carries an interest rate of 8% per annum. The note also has conversion rights. During the
period beginning on the date of funding of this Note and ending on the date which is one hundred eighty (180) days following such
date (the “Initial Period”), the Conversion Price shall be fixed at $0.04. The balance on the note is $0 at January 31,
2023.
On May 2,
2022, the Company borrowed the sum of $33,750.00 from 1800 DIAGONAL LENDING, a Virginia corporation. The note has a Maturity date of
November 2, 2022 and carries an interest rate of 8% per annum. The note also has conversion rights. During the period
beginning on the date of funding of this Note and ending on the date which is one hundred eighty (180) days following such date (the
“Initial Period”), the Conversion Price shall be fixed at $0.04. The balance on the note is $33,750 at January 31, 2023.
On January 31, 2023, this note was assigned to Quick Capital for $45,851,88 and was converted into common shares the balance is
$0.00 on January 31, 2023.
On July 13,
2022, the Company borrowed $25,000 from Quick Capital LLC which included repayment obligation or return with an interest rate of 10%
with superior rights to be paid in the event of a sale of the Company. The noteholder has the right to convert or replace the
obligation into common stock at a fixed price of one share for every $.001 of preferred or the debt thereunder. The balance on the
note is $25,000 at January 31, 2023.
On August
25, 2022, the Company borrowed $54,500 from Quick Capital LLC which included repayment obligation or return with an interest rate of
10% with superior rights to be paid in the event of a sale of the Company. The noteholder has the right to convert or replace the
obligation into common stock at a fixed price of one share for every $.001 of preferred or the debt thereunder. The balance on the
note is $54,500 at January 31, 2023.
On August
30, 2022, the Company borrowed $12,000 from Quick Capital LLC which included repayment obligation or return with an interest rate of
10% with superior rights to be paid in the event of a sale of the Company. The noteholder has the right to convert or replaced On
October 5, 2022 the Company borrowed $35,000 from Quick Capital LLC which included repayment obligation or return with an interest
rate of 10% with superior rights to be paid in the event of a sale of the Company. The noteholder has the right to convert or
replace the obligation into common stock at a fixed price of one share for every $.001 of preferred or the debt thereunder. The
balance on the note is $35,000 at January 31, 2023.
On September
7, 2022, the Company borrowed $35,000 from Quick Capital LLC which included repayment obligation or return with an interest rate of
10% with superior rights to be paid in the event of a sale of the Company. The noteholder has the right to convert or replace the
obligation into common stock at a fixed price of one share for every $.001 of preferred or the debt thereunder. The balance on the
note is $35,000 at January 31, 2023.
On
October 31, 2022, the Company borrowed $15,000 from Quick Capital LLC which included repayment obligation or return with an interest
rate of 10% with superior rights to be paid in the event of a sale of the Company. The noteholder has the right to convert or
replace the obligation into common stock at a fixed price of one share for every $.001 of preferred or the debt thereunder. The
balance on the note is $15,000 at January 31, 2023.
On November
1, 2022, the Company borrowed $12,500 from Quick Capital LLC which included repayment obligation or return with an interest rate of
10% with superior rights to be paid in the event of a sale of the Company. The noteholder has the right to convert or replace the
obligation into common stock at a fixed price of one share for every $.001 of preferred or the debt thereunder. The balance on the
note is $12,500 at January 31, 2023.
On December
20, 2022, the Company borrowed $12,500 from Quick Capital LLC which included repayment obligation or return with an interest rate of
10% with superior rights to be paid in the event of a sale of the Company. The noteholder has the right to convert or replace the
obligation into common stock at a fixed price of one share for every $.001 of preferred or the debt thereunder. The balance on the
note is $12,500 at January 31, 2023.
On December 23,
2022, the Company borrowed $59,360 from Janbella Group LLC with an interest rate of 8% with a maturity of September 23, 2023. The
note holder Accrued, unpaid Interest and outstanding principal, subject to adjustment, shall be paid in nine (9) payments each in the
amount of $7,090.22 (a total payback to the Holder of $63,812.00). The first payment shall be due January 23, 2023 with nine (9) subsequent
payments each month on the 30th day of such month thereafter. The Company shall have a five (5) day grace period with respect to each
payment.
NOTE 10 - SUBSEQUENT
EVENTS
Subsequent events
were evaluated through March 15, 2023, which is the date the financial statements were available to be issued. There were no events that
would require additional disclosure at the time of financial statement presentation.
