Hero Technologies Inc.

CIK:0001324736|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Expenses:
Consulting	$ 0	$ 15,579	$ 26,910	$ 31,073
Compensation expense	391,150	93,830	1,427,671	247,630
Professional Fees	11,332	33,300	34,237	67,660
Office, travel and general	8,602	24,025	18,217	64,815
Depreciation	599	495	1,486	1,487
Total expenses	(411,683)	(167,229)	(1,508,521)	(412,665)
Other income (expense)
Interest income	0	0	2,464	183
Interest expense	0	0	(18,311)	(37,912)
Gain (Loss) on disposal of fixed assets	0	0	(75,000)	0
Total other income (expense)	0	0	(90,847)	(37,729)
Net Loss	(411,683)	(167,229)	(1,599,368)	(450,394)
Non-controlling interest in (income) loss of consolidated subsidiaries	0	9,225	1,207	14,893
Net loss attributable to the company	$ (411,683)	$ (158,004)	$ (1,598,161)	$ (435,501)
Weighted Average Number of Basic and Diluted Common Shares Outstanding	541,395,741	447,127,087	487,856,047	446,338,201
Basic and Diluted Net Loss Per Common Share	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Sep. 30, 2023	Sep. 30, 2022
OPERATING ACTIVITIES:
Net loss attributable to Hero Technologies Inc.	$ (1,598,161)	$ (435,501)
Non-controlling interest in income (loss) of consolidated subsidiaries	(1,197)	(14,893)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss on transfer of land	75,000	0
Shares issued for services	638,400	247,630
Stock based compensation	796,771
Interest expense	0	37,729
Imputed Interest	11,342	0
Depreciation expense	1,486	1,486
Change in operating assets and liabilities:
Prepaid expenses	(2,187)	(4,344)
Accounts payable and accrued liabilities	11,234	22,045
Cash used in operating activities	(67,312)	(145,848)
INVESTING ACTIVITIES:
Cash received for sale of investment in subsidiary	100,000	0
Cash provided by investing activities	100,000
FINANCING ACTIVITIES:
Proceeds from sale of common stock	15,000	100,000
Cash provided by financing activities	15,000	100,000
NET INCREASE (DECREASE) IN CASH	47,688	(45,848)
CASH, BEGINNING OF YEAR	34,325	174,477
CASH, END OF YEAR	82,013	128,629
NON-CASH INVESTING ACTIVITIES
Stock receivable	694,300	0
Transfer of land and associated debt	$ 525,000	$ 0

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current Assets:
Cash	$ 82,013	$ 34,325
NotesReceivableNet	50,000	0
Prepaid expense	8,750	6,563
Total current assets	140,763	40,888
Non-current Assets
Property and equipment, net of accumulated depreciation	2,843	604,329
Total Non-current assets	2,843	604,329
Total Assets	143,606	645,217
Current Liabilities:
Accounts payable and accrued liabilities	84,774	95,540
Accounts payable and accrued related party liabilities	15,000	15,000
Loans payable, long term portion - non-related party	0	525,000
Loans payable, current portion - related party	0	200,000
Total current liabilities	99,774	835,540
Total Liabilities	99,774	835,540
STOCKHOLDERS' EQUITY (DEFICIT)
Authorized: 10,000,000 preferred shares, par value $0.001 per share and Issued and outstanding: 1,000,000 preferred shares at September 30, 2023 (1,000,000 at 2022)	1,000	1,000
Authorized: 950,000,000 common shares, par value $0.001 per share and Issued and outstanding: 552,692,444 common shares at September 30, 2023 (451,692,444 at 2022)	552,692	451,692
Additional paid-in capital	40,104,324	38,846,282
Stock Payable	381,670	27,970
Non-controlling Interest	0	(119,574)
Accumulated deficit	(40,995,854)	(39,397,693)
Total stockholders' equity (deficit)	43,832	(190,323)
Total Liabilities and Stockholders' Equity (Deficit)	$ 143,606	$ 645,217