EMERGE HEALTH INTERNATIONAL INC

CIK:0000032567|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Jun. 30, 2019	Jun. 30, 2018
CONSOLIDATED STATEMENTS OF OPERATIONS
Gross sales	$ 0	$ 1,938,222
Cost of sales	0	1,304,551
Gross profit	0	633,671
Operating expenses	91,217	1,087,963
Research and development	2,235,593	6,375
Total operating expenses	2,326,810	1,094,338
Net loss from operations	(2,326,810)	(460,667)
Other Income (expense)
Interest	(27,706)	(25,635)
Total Other Income (expense)	(27,706)	4,170
Net income (loss) before taxes	(2,354,516)	(21,465)
Income taxes	0	0
Net Loss	(2,354,516)	(482,132)
Loss from discontinued operations	(1,462,790)	0
Net Loss	$ (3,817,306)	$ (482,132)
Loss from operations
Basic loss per share	$ (0.15)	$ 0.03
Weighted number of shares outstanding	17,797,685	17,766,647
Loss from discontinued operations
Basic loss per share	$ 0.02	$ 0.00
Weighted number of shares outstanding	17,797,685	17,766,647

CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Operating Assets and Liabilities of discontinued operations
Cash - Continued Operations and Discontinued Operations	$ 17,291	$ 61,872
Accounts Receivable		233,776
Allowance for Bad Debt		(8,362)
Inventory		541,944
Inventory Obsolescence		(102,345)
Prepaid expenses		18,436
Accounts Payable and accrued expenses		239,150
Accrued payroll expenses		(19,177)
Contra-Equity - Prepaid		624,000
Property, Plant, & Equipment		1,774,454
Fixed Asset Additions
Accumulated Depreciation		(1,353,003)
Bank Lone For Suburban		(77,460)
Long-term Liabilities, Related Party
Property, Plant, & Equipment	9,750
Accumulated Depreciation
Accounts Payable	(38,852)
Accrued Interest Payable	(12,000)	(8,000)
Due To Paul Thomas	(65,000)
Convertible Debt	(50,000)	(32,353)
Note Payable	(300,000)
Common Stock	(23,367)	(17,767)
Additional Paid-in-Capital	(4,384,636)	(3,550,236)
Accumulated Deficit	4,846,814	2,153,321
Operations:
Net Loss	(2,354,516)	(482,132)
Less: Net loss from discontinuing operations	(1,462,790)	0
Net Loss for continuing operations	(2,354,516)
stock issued for research and development	2,235,593
Depreciation		79,298
Amortization of prepaid rent	312,000	312,000
Amortization of note payable discount	17,647	17,647
Changes in Assets and Liabilities:
Accounts Receivable		(41,124)
Inventories		78,352
Other Current Assets		(3,681)
Accrued payroll expenses		(3,448)
Account interest	4,000
Account Payable	26,271	68,222
Net Cash Flows from operating activities from continuing operations	(71,059)	25,134
Net Cash Flows from operating activities from discontinued operations	21,769
Net Cash Flow from operating activities	(49,290)	25,134
Purchases of property and equipment
Cash Acquired in acquisition of assets	17,291	(31,116)
Net Cash flow from investing activities from discontinued operations	(8,278)	0
Net Cash Flows from investing activities	9,013	(31,116)
Financing:
Advances from related Party	65,000	0
Net Cash Flow from financing activities from discontinued operations	(7,432)	0
Net Cash flow from financing activities	57,568	0
Net Increase (Decrease) in cash	17,291	(5,982)
Cash at beginning of year	0	0
Cash at end of year	17,291	$ 0
Non-cash Transactions
Notes payable issued for vehicles (discontinued operations)	76,923
Note payable with sale of Metwood subsidiary	300,000
Fixed assets acquired through acquisition	9,750
Accounts payable acquired through acquisition	12,635
Sale of Metwood Virginia for 9,400,000 share of stock	$ 752,000

CONSOLIDATED BALANCE SHEET - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Current Assets
Cash and cash equivalents	$ 17,291	$ 0
Current assets held for sale	0	745,371
Total current assets	17,291	745,371
Property and Equipment improvements
Machinery & Equipment	9,750	0
Non current assets held for sale	0	421,451
Total property and equipment	9,750	421,451
Total assets	27,041	1,166,822
Current liabilties
Accounts payable and accrued expenses	38,852	0
Accrued interest payable	12,000	0
Convertible note payable-related party Note Discount of $ 0 and $17,647 respectively	50,000	32,353
Advances from Shareholder	65,000
Note payable - Metwood (Virginia)	300,000	0
Current liabilities held for sale	0	343,787
Total liabilities	465,852	376,140
COMMITMENTS AND CONTINGENCIES - NOTE 4	0	0
Shareholders' Equity (deficit)
Preferred stock (par $.001) 40,000,000 shares authorized 0 outstanding	0	0
Commn stock (par $0.001) 100,000,000 authorized outstanding 23,367,647 and 17,767,647, respectively	23,367	17,767
Paid in capital	4,384,636	3,550,236
Accumulated deficit	(4,846,814)	(2,153,321)
Contra equity-prepaid rent	0	(624,000)
Total shareholders' equity (deficit)	(438,811)	790,682
Total liabilites and shareholders' equity	$ 27,041	$ 1,166,822