KID CASTLE EDUCATIONAL CORP

CIK:0001049011|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue:
Total Revenue		$ (18,791)		$ 1,135,578
Cost of goods sold:
Total cost of goods sold				258,671
Gross profit		(18,791)		876,907
Operating expenses:
General and administrative		32,235	10,402	100,036
Professional fees	4,195	25,877	34,522	108,756
Advertising and promotions				114
Business Licenses
Total operating expenses	4,195	58,112	44,924	208,906
Income (loss) from operations	(4,195)	(76,903)	(44,924)	668,001
Other Income
Disposition of a business unit			1,562,067
Net Income	$ (4,195)	$ (76,903)	$ 1,517,143	$ 668,001
Earnings (loss) per Share: Basic	$ (0.0002)	$ (0.0034)	$ 0.0680	$ 0.0299
Earnings (loss) per Share: Diluted	$ (0.0002)	$ (0.0034)	$ 0.0680	$ 0.0299
Weighted Average Common Shares Outstanding: Basic	22,324,706	22,324,706	22,324,706	22,324,706
Weighted Average Common Shares Outstanding: Diluted	22,324,706	22,324,706	22,324,706	22,324,706
EDI Interest Income [Member]
Revenue:
Total Revenue				$ 33,541
Entrepreneurship Development Initiative [Member]
Revenue:
Total Revenue				1,425,000
Principal transactions - Net [Member]
Revenue:
Total Revenue		(18,791)		(322,963)
Entrepreneurship Development [Member]
Cost of goods sold:
Total cost of goods sold				$ 258,671

Statements of Cashflows (Unaudited) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
Statements of Cashflows (Unaudited) - USD ($)	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Cash Flows from Operating Activities:
Net Income (Loss)	$ (4,195)	$ (76,903)	$ 1,517,143	$ 668,001	$ 497,166	$ 767,976
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Installment Receivable			(1,555,557)
Inventory Asset:Trading Securities				140,316
Other Accrued Liabilities			(5,435)	(33,542)
Depreciation				42,980
Net cash provided by (used in) operating activities			(43,849)	817,755
Net Cash Flows from Investing Activities:
Entrepreneurship Development				496,328
Net cash provided by (used in) investing activities				496,328
Net Cash Flows from Financing Activities
Notes payable - Entrepreneurship Development				(1,435,364)
Notes payable - related party			43,849	(166,764)
Notes payable - Long Term				242,777
Net cash provided by (used in) financing activities			43,849	(1,359,351)
Net increase (decrease) in cash:				(45,268)
Cash at the beginning of the period:				64,434	64,434
Cash at the end of the period:		$ 19,166		$ 19,166		$ 64,434

Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents		$ 7,004
Investments - trading securities		2,569
Trade Receivable	1,560,992
Total Current Assets	1,560,992	9,573
Accrued Interest Receivable		182,125
Investments - unrelated parties		30,000
Fixed assets - net		40,086
Notes Receivable Entrepreneurship Development		1,579,420
Long term Notes Receivable - related parties		1,817,676
Long term Investments - related parties		163,513
Total assets	1,560,992	3,822,393
Current Liabilities:
Accrued expenses		3,200
Total Current Liabilities		3,200
Long-Term Liabilities:
Notes payable	43,849	326,584
Total Long-Term Liabilities	43,849	326,584
Total Liabilities	43,849	329,784
STOCKHOLDERS’ EQUITY
Preferred stock, $.00001 par value, 1,000,000 shares authorized, 100,000 issued and outstanding as at September 30, 2024 and December 31, 2023.	10	10
Common Stock, $0.00001 par value, 1,000,000,000 shares authorized, 22,324,706 issued and outstanding as at September 30, 2024 and December 31, 2023.	223	223
Additional paid in capital	7,638,427	7,638,427
Accumulated deficit	(6,121,517)	(4,146,051)
Total Stockholders’ Equity	1,517,143	3,492,609
Total Liabilities and Stockholders’ Equity	$ 1,560,992	$ 3,822,393