NORTHSTAR ELECTRONICS INC
CIK:0001082027|SEC Filings
Interim Consolidated Statements of Operations - USD ($) |
3 Months Ended | |
|---|---|---|
Mar. 31, 2021 |
Mar. 31, 2020 |
|
| Operating Expenses | ||
| Administration expense | $ 0 | $ 15,000 |
| Professional fees | 0 | 2,126 |
| Managment fee expense, related | 0 | 0 |
| Engineering and development | 0 | 0 |
| Rent expense | 276 | 2,250 |
| Investor relations | 0 | 0 |
| Office and administration expense | 955 | 1,910 |
| Foreign exchange (gain) loss | (6,407) | (263,484) |
| Interest expense | 0 | 24,244 |
| Total expenses | (5,176) | (217,954) |
| Net income (loss) | $ 5,176 | $ 217,954 |
| Basic and diluted earnings per share | $ 0.00 | $ (0.00) |
| Weighted average number of shares outstanding | 127,838,231 | 127,838,231 |
Interim Consolidated Statements of Cash Flows - USD ($) |
3 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|
Mar. 31, 2021 |
Mar. 31, 2020 |
Dec. 31, 2020 |
Dec. 31, 2019 |
|
| Net cash used in operating activities | ||||
| Net loss | $ 5,176 | $ 217,954 | $ (48,667) | $ (580,344) |
| Items not involving cash | ||||
| Foreign exchange translation | (6,407) | (263,024) | ||
| Accrued interest, non-cash | 0 | 24,244 | ||
| Changes in non-cash working capital | ||||
| Increase (decrease) in operating capital | (1,155) | 13,769 | ||
| Net cash used in operating activities | (2,386) | (7,057) | ||
| Increase (decrease) in cash | (2,386) | (7,057) | ||
| Cash, beginning | 21,596 | 40,261 | 40,261 | |
| Cash, ending | $ 19,210 | $ 33,204 | $ 21,596 | $ 40,261 |
Interim Consolidated Balance Sheets - USD ($) |
Mar. 31, 2021 |
Dec. 31, 2020 |
|---|---|---|
| Current | ||
| Cash | $ 19,210 | $ 21,596 |
| Assets, total | 19,210 | 21,596 |
| Current | ||
| Accounts payable and accrued liabilities, current | 881,092 | 880,436 |
| Loans payable, current | 442,916 | 442,916 |
| Due to related party, current | 949,252 | 949,852 |
| Legal liability, current | 3,129,268 | 3,136,886 |
| Liabilities, Total | 5,402,528 | 5,410,090 |
| Stockholders' Deficit | ||
| Common stock value | 12,784 | 12,784 |
| Preferred stock value | 404,299 | 404,299 |
| Additional paid-in capital | 8,608,875 | 8,608,875 |
| Accumulated deficit | (14,409,276) | (14,414,452) |
| Total stockholders' equity (deficit) | (5,383,318) | (5,388,494) |
| Total liabilities and stockholders' equity | $ 19,210 | $ 21,596 |