$RDCT

Tierra Grande Resources Inc.

CIK:0001376804|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenues - related party		$ 53,470	$ 2,200	$ 182,773
Revenue, net	57,670	143,052	249,596	245,779
Total revenue	57,670	196,522	251,796	428,552
Direct costs of revenue	26,670	143,580	122,836	292,859
Gross profit (loss)	30,999	52,942	128,961	135,693
Operating expenses:
General and administrative expense	1,158,279	59,638	1,391,868	278,057
Payroll expenses	36,693	105,008	175,989	321,796
Professional fees	126,780	135,486	234,301	460,921
Total operating expenses	1,321,752	300,132	1,802,158	1,060,773
Operating loss	(1,290,753)	(247,190)	(1,673,198)	(925,081)
Other (expense),
Financing costs	(23,798)	(58,335)	(105,715)	(198,948)
Other (expense)	(23,798)	(58,335)	(105,715)	(198,948)
Net (loss)	(1,314,551)	(305,525)	(1,778,912)	(1,124,028)
Preferred B Stock dividends	(69,955)	(69,955)	(209,865)	(218,658)
Net (loss) available to common shareholders	$ (1,384,506)	$ (375,480)	$ (1,988,777)	$ (1,342,686)
Earnings Per Share, Basic	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Earnings Per Share, Diluted	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Weighted average common shares outstanding:
Basic	2,950,352,036	1,991,529,123	2,859,381,245	1,853,245,751.8
Diluted	2,950,352,036	1,991,529,123	2,859,381,245	1,853,245,751.8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash Flows From Operating Activities:
Net (loss)	$ (1,778,912)	$ (1,124,028)
Adjustments to reconcile net income to net cash used in operating activities
Depreciation	(0)	9,134
Beneficial conversion feature of Preferred B stock		20,000
Shares issued for financing costs	62,396	23,600
Shares issued for services		18,500
Changes in operating assets and liabilities
Prepaid expenses		130,000
Accounts payable and accrued expenses	1,293,818	130,172
Deferred revenue	19,808	(147,984)
Accrued payroll officers	133,250	(812)
Net cash (used in) operating activities	(269,641)	(941,419)
Cash Flows From Investing Activities:
Net cash used in investing activities
Cash Flows From Financing Activities:
Proceeds from the Company’s equity line from the sale of common stock	103,626	647,645
Proceeds from the sale of Series B Preferred Stock		164,400
Proceeds from the issuance of promissory notes	144,000	75,000
Net cash provided by investing activities	247,626	887,045
Net (Decrease) In Cash	(22,015)	(54,374)
Cash At The Beginning Of The Period	25,430	82,807
Cash At The End Of The Period	3,416	28,433
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for income taxes
Supplemental disclosure of non-cash information:
Common shares issued for the Stage It acquisition	727,467
Reduction of convertible notes due to litigation settlement	$ 412,214

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash	$ 3,416	$ 25,430
Total current assets	3,416	25,430
Total assets	3,416	25,430
Current liabilities:
Accounts payable and accrued expenses	2,201,486	2,424,444
Accrued expenses other	1,928,989
Shares to be issued	247,707	975,174
Accrued payroll-officers	355,100	221,850
Dividends payable	708,965	499,100
Notes payable	1,503,865	1,359,865
Deferred revenue	676,098	656,290
Convertible notes payable	58,500	470,714
Total current liabilities	7,680,710	6,607,437
Total liabilities	7,680,710	6,607,437
Commitments and Contingencies
Stockholders’ Deficit
Common stock, par value $0.0001, 4,000,000,000 shares authorized; 2,954,260,249 and 2,645,641,186 shares issued and outstanding, as of September 30, 2024, and December 31, 2023, respectively	295,425	264,563
Additional paid-in capital	32,249,529	31,386,902
Accumulated deficit	(40,222,569)	(38,233,792)
Total stockholders’ deficit	(7,677,295)	(6,582,007)
Total Liabilities and Stockholders’ Deficit	3,416	25,430
Series A Preferred Stock [Member]
Stockholders’ Deficit
Preferred stock, value	320	320
Series B Preferred Stock [Member]
Stockholders’ Deficit
Preferred stock, value
Series C Preferred Stock [Member]
Stockholders’ Deficit
Preferred stock, value