SIGNET INTERNATIONAL HOLDINGS, INC.
CIK:0001317833|SEC Filings
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| Operating Expenses | ||
| General and administrative | $ 1,785,676 | $ 156,546 |
| Professional fees | 215,332 | 1,393,883 |
| Research and development | 1,600 | |
| Wages and salaries | 424,971 | 411,321 |
| Total Operating Expenses | 2,427,579 | 1,961,750 |
| Net operating loss | (2,427,579) | (1,961,750) |
| Income tax | ||
| Net Loss | $ (2,427,579) | $ (1,961,750) |
| Loss per Common Share | $ (0.00) | $ (0.00) |
| Weighted Average Common Shares Outstanding | 7,406,506,346 | 8,496,061,902 |
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) |
3 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $ (2,427,579) | $ (1,961,750) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation | 1,745,000 | |
| Amortization of ROU asset | 17,276 | |
| Payment of lease lability | 499 | |
| Prepaids | 16,409 | (389,876) |
| Accounts payable and accrued liabilities and other | (16,743) | 19,862 |
| Net cash used in Operating Activities | (665,138) | (2,331,764) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from issuance of common shares | 5,042,060 | |
| Net cash provided by Financing Activities | 5,042,060 | |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Due to related party | 274,214 | |
| Net cash provided by (used) in Investing Activities | 274,214 | |
| Inflow of Cash | (390,924) | 2,710,296 |
| Cash - Beginning of period | 581,965 | 2,999,370 |
| Cash - End of period | 191,041 | 5,709,666 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Cash paid for income taxes | ||
| Cash paid for interest | ||