GREENKRAFT, INC.

CIK:0001398529|SEC Filings

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Revenue	$ 191,729	$ 14,691	$ 913,252	$ 333,649
Cost of revenue	94,462	5,947	424,872	264,272
Gross Profit	97,267	8,744	488,380	69,377
Costs and expenses:
Payroll Expenses	51,179	51,164	131,173	138,076
Rent	25,667	30,000	81,169	90,000
Selling, general and administrative	35,351	39,166	135,782	161,959
Total costs and expenses	112,197	120,330	348,124	390,035
Income (Loss) from operations	(14,930)	(111,586)	140,256	(320,658)
Net Income / (Loss)	$ (14,930)	$ (111,586)	$ 140,256	$ (320,658)
Basic Income (Loss) per share	$ (0.00)	$ (0.00)	$ 0.00	$ (0.00)
Weighted average number of common shares outstanding- Basic	105,102,718		105,102,718
Diluted Income per Share	$ (0.00)	$ (0.00)	$ 0.00	$ (0.00)
Weighted average number of common shares outstanding - Diluted	105,102,718	105,102,713	108,602,718	105,102,713

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating Activities:
Income (loss)	$ 140,256	$ (320,658)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Stock compensation Expense
Depreciation expense	8,207	8,207
Change in operating assets and liabilities
Inventory	34,364	(525,201)
Prepaid Inventory		509,365
Right of use asset	(218,889)
Accounts payable	22,080	(16,189)
Accounts payable- related party	90,000	90,000
Accrued expense		(4,104)
Accrued Liabilities	12,516
Deferred Income	(6,040)
Deferred Rent current	(831)
Deferred Rent non current	(8,000)
Short Term debt CEC
Long Term debt CEC	(200,019)
Lease Liability , current	111,589
Lease Liability, Long term	107,299
Short term debt		(160,000)
Net cash (used) in provided by operating activities	92,532	(418,580)
Investing Activities:
Purchase of Machinery and Equipment
Net cash used in investing activities
Financing Activities:
Stock repurchase	(5,000)
convertible repayment	(2,000)
Borrowings under lines of credit-related party	100,000	425,000
Net cash provided by financing activities	93,000	425,000
Net increase in cash	185,532	6,420
Cash, Beginning of period	23,876	18,339
Cash, End of period	209,408	24,759
Cash paid for interest
Cash paid for income taxes
Non cash investing or financing activities
Debt converted to Common Stock		$ 2,000

Condensed Balance Sheets - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Current Assets
Cash	$ 209,408	$ 23,876
Accounts receivable, net of allowance for doubtful account of $0	3,600	3,600
Inventories, net	1,771,692	1,806,056
Total Current Assets	1,984,700	1,833,532
Property and equipment, net	146,176	154,383
Right of use	218,889
Total Non- Current Assets	365,064	154,383
Total Assets	2,349,764	1,987,915
Current Liabilities
Accounts payable	25,479	3,399
Accounts payable - related party	340,000	250,000
Accrued liabilities	115,834	111,745
Deferred income	469,955	475,995
Convertible notes payable	3,500	5,500
Other liabilities	83,427	75,000
Short term debt CEC	240,000	240,000
Short term debt related party	100,000
Lease Liability - current	111,589
Deferred rent - current		831
Total Current Liabilities	1,489,784	1,162,470
Non-Current Liabilities
Deferred rent - net of current		8,000
Long term payable related party	1,901,916	1,901,916
Long term debt CEC	503,981	704,000
Lease Liability - Long Term	107,299
Total Non-Current Liabilities	3,329,530	3,430,250
Total Liabilities	4,819,314	4,592,720
Commitments and Contingencies
Shareholders' Deficit
Common Stock, 400,000,000 shares authorized, 103,102,718 and 105,102,718 shares issued and outstanding, respectively	103,103	105,103
Additional Paid-In Capital	4,809,777	4,812,778
Accumulated Deficit	(7,382,430)	(7,522,686)
Total Stockholders' Deficit	(2,469,550)	(2,604,805)
Total Liabilities and Stockholders' Deficit	2,349,764	1,987,915
Defiance [Member]
Non-Current Liabilities
Long term payable related party	285,389	285,389
FWP [Member]
Non-Current Liabilities
Long term payable related party	525,000	525,000
CEE [Member]
Non-Current Liabilities
Long term payable related party	$ 5,945	$ 5,945