Utilicraft Aerospace Industries, Inc.

CIK:0001334740|SEC Filings

Condensed Statement of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
Condensed Statement of Operations (Unaudited) - USD ($)	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Condensed Statement of Operations (Unaudited)
REVENUES	$ 0	$ 0	$ 0	$ 0
COST OF SALES	0	0	0	0
GROSS PROFIT	0	0	0	0
General and Administrative expenses	15,889	0	46,612	0
Board Members Fees	9,845	0	10,345	0
Depreciation Expenses	485	0	485	0
Total operating expense	26,219	0	57,441	0
Profit (Loss) from operations	(26,219)	0	(57,441)	0
OTHER INCOME (EXPENSES)
Interest Expense and amortization of debt discount	0	0	0	0
Assets write-off	0	0	0	0
Debt wrtie-off	0	0	0	0
Statutory Limitations	0	0	0	0
Interest Income	0	0	0	0
Other Operational Income	0	0	0	0
Total other income (expense)	0	0	0	0
Income (Loss) from continuing operations	(26,219)	0	(57,441)	0
NET INCOME (LOSS)	$ (26,219)	$ 0	$ (57,441)	$ 0
Net income (loss) per share applicable to common stockholders - basic	$ (0.00)	$ 0	$ (0.00)	$ 0
Net income (loss) per share applicable to common stockholders - diluted	$ (0.00)	$ 0	$ (0.00)	$ 0
Weighted average number of common shares outstanding - basic	350,904,005	329,396,652	350,904,005	329,396,652
Weighted average number of common shares outstanding - diluted	350,904,005	329,396,652	350,904,005	329,396,652

Condensed Statements of Cash-Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	$ (57,441)	$ 0
Adjustment to reconcile net income (loss) to net cash provided operating activities:
Equity Changes	0	0
Depreciation and amortization expense	0	0
Change in operating assets and liabilities:
Accounts payable and accrued expenses	0	0
Accounts receivable	0	0
Accrued interest	0	0
Accrued interest related party	0	0
Assets write off	0	0
Credit Card Payables	0	0
Deferred revenue	0	0
Inventory	(17,313)	0
Notes Payable	0	0
Notes Receivable	0	0
Other assets write off	0	0
Other current assets	(20,000)	0
Payroll payable	0	0
Security Deposits	0	0
Tax Payable	0	0
Shares	0	0
Net cash provided by operating activities	(94,754)	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash paid for assets acquisition	0	0
Net cash used in investing activities	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Bank Overdraft	0	0
Financial Loans Payable	62,500	0
Commitment & Contingencies	2,855	0
Proceeds from common stock issuance	49,000	0
Proceeds from Loans	0	0
Proceeds from notes payable	0	0
Net Cash provided by financing activities	114,355	0
NET CHANGE IN CASH	4,639	0
CASH, beginning of period	0	0
CASH, end of period	4,639	0
NON-CASH INVESTING AND FINANCING ACTIVITIES
Issuance of shares of common stock for convertible debt	0	0
Issuance of shares of common stock for conversion of preferred stock	0	0
Cancellation of shares	0	0
Loans issued to acquire fixed assets	0	0
Loan payable paid by related party	0	0
SUPPLEMENTAL DISCLOSURES:
Cash paid for income taxes	0	0
Cash paid for interest	$ 0	$ 0

Condensed Balance Sheets - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 4,639	$ 0
Accounts Receivable	0
Inventory	17,313	0
Other Assets	20,000
Total current assets	41,952	0
PROPERTY & EQUIPMENT, NET (net of $485 accumulated depreciation)	14,962
Other Assets
Total Other Assets	0	0
Total assets	56,914	0
Current liabilities:
Loans Payable	62,500
Taxes Payable	0
Financial Loans Payable	0
Total current liabilities	62,500	0
Long Term Liabilities
Total Long Term Liabilities	0	0
Total liabilities	62,500	0
Commitments and Contingencies
Shareholders Loans	2,855	0
Shareholders' equity (deficit)
Common Stock: Common stock: $0,0001 par value: 475,000,000 shares authorized and 378,396,652 and 329,396,652 issued and outstanding as of September 30, 2021, and December 31, 2020	37,840	32,940
Additional Paid-in-Capital	3,823,941	3,779,841
Retained Earnings (loss)	(3,871,022)	(3,813,581)
Total shareholders' equity (deficit)	(5,586)	0
Total liabilities and shareholders' equity (deficit)	56,914	0
Series A Convertible Preferred stock [Member]
Shareholders' equity (deficit)
Preferred Stock Series A convertible preferred stock: 25,000,000 shares authorized of $0,0001 par value, and 8,000,000 shares issued and outstanding on September 30, 2021, and December 31, 2020, respectively	$ 800	$ 800