NEW CENTURY RESOURCE

CIK:0001104462|SEC Filings

Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
Consolidated Statements of Operations - USD ($)	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Details
Sales	$ 5,288,255	$ 0	$ 13,541,142	$ 0
Cost of Sales	4,633,541	0	12,003,061	0
Gross profit	654,714	0	1,538,081	0
General and administrative expenses
Salaries	381,866	0	892,999	0
Depreciation and Amortization	2,300	2,800	6,900	2,800
Legal and professional fees	62,835	81,438	209,739	163,938
Marketing and Advertising	1,569	0	7,583	0
Research and Development	0	43,979	5,602	68,979
Taxes	9,049	0	16,496	0
Other general and administrative	174,392	27,897	543,507	35,519
Total operating expenses	632,011	156,114	1,682,826	271,236
Gain/(Loss) from operations	22,703	(156,114)	(144,745)	(271,236)
Other expense
Interest expense	(2,000)	(18,071)	(73,458)	(27,904)
Income/(Loss) before taxes	20,703	(174,185)	(218,203)	(299,140)
Provision (credit) for taxes on income	0	0	0	0
Net Income/(loss)	$ 20,703	$ (174,185)	$ (218,203)	$ (299,140)
Basic earnings (loss) per common share	$ 0.00	$ (0.00)	$ (0.00)	$ (0.00)
Weighted average number of shares outstanding	129,176,724	167,158,000	42,012,722	167,158,000

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net loss	$ (218,203)	$ (299,140)
Adjustments to reconcile net (loss) to net cash provided by operating activities
Depreciation	6,900	2,800
Expenses paid on behalf of future merger partner	(10,820)	(50,000)
Right Of Use & Lease Liability	1,383	0
Accounts Receivable and other receivables	(1,549,626)	0
Prepaid expenses and other current assets	(10,711)	0
Accounts Payable and Accrued Expenses	861,788	36,238
Acquisition Payable	0	0
Change in operating assets and liabilities
Net cash flows used in operating activities	(919,289)	(310,102)
Cash flows from investing activities
Investment in Subsidiary	150,355	0
Purchase of Merger Partner	(25,000)	0
Purchase of Fixed Assets	0	(46,000)
Net cash flows provided by investing activities	125,355	(46,000)
Cash flows from financing activities
Proceeds from shareholder loans	325,000	46,500
Proceeds from convertible notes payable	15,000	1,035,000
Net cash flows provided by financing activities	340,000	1,081,500
Net change in cash	(459,934)	725,398
Cash, beginning of period	642,908	0
Cash, end of period	$ 188,974	$ 725,398

Consolidated Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 188,974	$ 642,908
Accounts receivable	2,619,580	0
Due From NCRE	0	62,285
Prepaid expenses	16,511	7,000
Down Payment on Future Subsidiary	0	50,000
Other Current Assets	13,738	0
Right of Use Asset	58,693	0
Security Deposits	1,200	0
Total current assets	2,898,696	762,193
Fixed Assets
Furniture and Equipment	46,000	46,000
Less Accumulated Depreciation	(12,000)	(5,100)
Net Fixed Assets	34,000	40,900
Total assets	2,932,696	803,093
Current liabilities
Accounts payable and accrued expenses	47,800	8,000
Acquisition Payable	425,000	0
Notes payable	16,122	1,200,000
Loans From Shareholders	509,227	0
Accrued interest	149,021	60,652
Deferred Payroll	278,667	0
Payroll Liabilities	486,647	0
Total current liabilities	1,912,484	1,268,652
Long-term liabilities
Acquisition Payable	309,890	0
Long Term Lease Liability	60,075	0
Total long-term liabilities	369,965	0
Total liabilities	2,282,449	1,268,652
STOCKHOLDERS' EQUITY
Preferred stock, $.001 par value, 50,000,000 authorized; no shares issued	0	0
Common stock, $.001 par value, 200,000,000 authorized; 129,176,724 and 167,158,000 shares issued and outstanding	129,177	167,158
Additional paid in capital	1,251,331	(120,658)
Accumulated Deficit	(730,261)	(512,059)
Total stockholders' equity/(deficit)	650,247	(465,559)
Total liabilities and stockholders' equity	$ 2,932,696	$ 803,093