HARMONIC ENERGY, INC.

CIK:0001404935|SEC Filings

CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)	Jul. 31, 2024	Jul. 31, 2023
CONSOLIDATED STATEMENT OF OPERATIONS
Revenues	$ 0	$ 0
Cost of revenues	0	0
Gross profit	0	0
Operating expenses
Professional fees	266,637	235,666
Salaries and wages	34,543	187,749
General and administrative	240,795	70,497
Total operating expenses	541,975	493,912
Loss from operations	(541,975)	(493,912)
Other income (expense)
Gain (loss) on derivative liability	(125,444)	184,143
Gain on settlement of debt	0	2,310
Interest expense	(144,143)	(79,577)
Total other income (expense)	(269,587)	106,876
Net income (loss)	$ (811,562)	$ (387,036)
Basic loss per common share	$ (0.02)	$ (0.01)
Basic weighted average common shares outstanding	35,680,396	32,806,009

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	Jul. 31, 2024	Jul. 31, 2023
Cash Flows from Operating Activities
Net loss	$ (811,562)	$ (387,036)
Adjustments to reconcile net loss to net cash used by operating activities:
Loss (gain) on change in derivative liabilities	125,444	(184,143)
Stock based compensation	222,000	87,170
Gain on settlement of debt	0	(1,460)
Depreciation and amortization	1,397	1,393
Changes in operating assets and liabilities
Increase in inventory	0	25
Decrease in prepaid assets	970	39,686
Increase in accounts payable and accrued expenses	196,081	355,948
Increase in accounts payable and accrued expenses - related party	82,397	2,985
Net cash used in operating activities	(183,273)	(85,432)
Cash Flows provided by Financing Activities
Proceeds from related party advances	85,985	36,002
Payments on related party advances	(527)	(50,592)
Proceeds from sale of common stock	0	100,000
Proceeds from sale of preferred stock, net	97,840	0
Net cash provided by financing activities	183,298	85,410
Net decrease in Cash	25	(22)
Beginning cash balance	10	32
Ending cash balance	35	10
Supplemental disclosure of cash flow information
Cash paid for interest	0	0
Cash paid for tax	0	0
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Silver used to settle debt	$ 0	$ 152,785

CONSOLIDATED BALANCE SHEETS - USD ($)	Jul. 31, 2024	Jul. 31, 2023
Current assets
Cash	$ 35	$ 10
Prepaid expenses	0	970
Total current assets	35	980
Intangible assets, net	10,613	12,010
Total assets	10,648	12,990
Current liabilities
Accounts payable and accrued liabilities	1,319,294	1,123,213
Accounts payable and accrued liabilities - related party	1,001,001	918,604
Advances from related parties	145,106	59,648
Notes payable, net	25,000	25,000
Convertible notes payable	576,028	576,028
Convertible notes payable, related party	130,761	130,761
Derivative liability	615,013	489,569
Total current liabilities	3,812,203	3,322,823
Total liabilities	3,812,203	3,322,823
Commitments and Contingencies (See note 10)	0	0
Stockholders' deficit
Common stock; $0.001 par value; 500,000,000 shares authorized; 40,266,149 and 34,146,149 shares issued and outstanding as of July 31, 2024 and 2023, respectively	40,266	34,146
Treasury stock	(97,500)	(97,500)
Stock payable	486,228	752,228
Stock receivable	(6,902,000)	(6,902,000)
Additional paid-in capital	41,906,132	41,327,012
Accumulated deficit	(39,235,507)	(38,423,945)
Total stockholders' deficit	(3,801,555)	(3,309,833)
Total liabilities and stockholders' deficit	10,648	12,990
Series A Preferred Stock [Member]
Stockholders' deficit
Preferred stock, value	826	226
Series B Preferred Stock [Member]
Stockholders' deficit
Preferred stock, value	0	0
Series C Preferred Stock [Member]
Stockholders' deficit
Preferred stock, value	$ 0	$ 0