Digital Development Partners, Inc.

CIK:0001409999|SEC Filings

Consolidated Statements of Operations (unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Consolidated Statements of Operations (unaudited)
Sales	$ 3,937	$ 25,739	$ 24,244	$ 70,484
Cost of goods sold	2,519	12,359	12,449	38,984
Gross profit (loss)	1,418	13,380	11,795	31,500
Expense
Consulting services	0	40,600	5,000	286,630
Website expense	336	901	819	4,358
Legal and professional services	2,100	5,397	16,550	12,597
Advertising and marketing	176	19,513	326	221,800
License fee	0	0	4,325	16,998
Rent	2,175	600	6,232	3,600
Depreciation expense	1,118	1,118	3,355	3,355
General and administrative	6,397	102,398	163,342	559,550
Total expenses	12,302	170,527	199,949	1,108,888
Net operating loss	(10,884)	(157,147)	(188,154)	(1,077,388)
Other expense
Amortization	0	(21,111)	0	(84,444)
Interest expense	(120,466)	(46,535)	(407,311)	(255,913)
Interest income	125	0	351	0
Total other income (expense)	(120,341)	(68,764)	(406,960)	(340,357)
Profit (loss) before taxes	(131,227)	(67,646)	(595,114)	(1,417,745)
Income tax expense	0	0	0	0
Net profit (loss)	$ (131,227)	$ (224,793)	$ (595,114)	$ (1,417,745)
Net profit (loss) per common share
Basic	$ 0	$ 0	$ 0	$ 0
Diluted	$ 0	$ 0	$ 0	$ 0
Weighted average number of common shares outstanding:
Basics	1,456,744,052	292,999,382	854,983,384	301,232,745
Diluteds	1,918,026,987	335,129,995	1,634,943,335	372,484,608

Consolidated Statements of Cash Flows (unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (595,114)	$ (1,417,745)
Adjustments to reconcile net loss to net cash used for operating activities:
Stock issued for services	5,000	34,500
Depreciation and amortization	287,518	87,800
Non-cash debt conversion fees	6,546	7,000
Non-cash deferred offering cost	76,293	0
Non-cash penalty expense	45,960	0
Account receivable	706	(1,172)
Debt amortization	0	230,881
Prepaid consulting fees	0	101,189
Accrued interest	60,059	17,225
Inventory	12,919	(15,717)
Accrued expenses	(17,700)	37,708
Other asset	1,000	0
Net cash used for operating activities	(118,813)	(918,331)
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash used for investing activities	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Financing fees paid	0	0
Repayment of loans payable - third party	(146,381)	(321,100)
Proceeds loans payable - third parties	125,330	735,340
Net advances from related party	101,145	70,501
Net cash provided by financing	80,094	484,741
Net increase (decrease) in cash and cash equivalents	(38,719)	(433,590)
Cash and cash equivalents at beginning of period	44,448	499,766
Cash and cash equivalents at end of period	5,729	66,176
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued to repay third-party debt	242,003	25,000
Common stock issued for accrued interest	48,957	0
Common stock issued for reduction in accounts payable	20,000	0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Income taxes paid	0	0
Interest paid	$ 15,377	$ 0

Consolidated Balance Sheets - USD ($)	Sep. 30, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 5,729	$ 44,448
Other current assets
Inventory	75,462	88,381
Right of use asset - operating leases	8,388	0
Accounts receivable	1,553	2,259
Total current assets	91,132	135,088
OTHER ASSETS
Fixtures and equipment	3,772	7,127
Deferred offering cost	0	76,293
Other asset	1,000	0
Right of use asset - operating lease one	2,875	0
Total other assets	7,647	83,420
TOTAL ASSETS	98,779	218,508
Other current liabilities
Accounts payable and accrued liabilities	66,149	103,849
Accrued interest payable	27,079	15,977
Due to related party	180,222	79,077
Third-party notes payable, net of loan fees of $5,792 (unaudited) and debt discount of $27,500 (unaudited) at September 30, 2023, and net of loan fees of $142,190 and debt discount of $156,024 at December 31, 2022, respectively	736,844	669,775
Lease liability - operating	8,388	0
Total current liabilities	1,018,682	868,678
Long-term liabilities
Lease liability - operating1	2,875	0
Total long-term liabilities	2,875	0
TOTAL LIABILITIES	1,021,557	868,678
STOCKHOLDERS' EQUITY
Preferred stock, $0.001 par value, 50,000,000 shares authorized, 42,000 and 42,000 shares issued and outstanding at September 30, 2023, and December 31, 2022, respectively	42	42
Common stock, $0.001 par value, 2,500,000,000 shares authorized, 1,785,430,168 shares and 310,695,330 shares issued and outstanding at September 30, 2023, and December 31, 2022, respectively	1,785,428	310,695
Stockholder receivable	(1,000)	(1,000)
Additional paid-in capital	2,167,815	3,320,042
Retained earnings (accumulated deficit)	(4,875,063)	(4,279,949)
Total stockholders' equity	(922,778)	(650,170)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 98,779	$ 218,508