Cannonau Corp.
CIK:0001410187|SEC Filings
Statements of Operations - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
|
| Income Statement [Abstract] | ||
| Revenues | $ 227 | |
| Cost of Sales | 91 | |
| Gross Profit | 137 | |
| Operating expenses: | ||
| General and administrative | 3,370 | 9,915 |
| Compensation and benefits | 44,056 | |
| Professional fees | 26,803 | 32,116 |
| Total operating expenses | 30,173 | 86,086 |
| Loss from operations | (30,173) | (85,950) |
| Other expense (income) | ||
| Write off of assets | 8,929 | |
| Forgiveness of debts | (377,338) | |
| Total other (income) expense | (368,409) | |
| Net income (loss) | $ 338,236 | $ (85,950) |
| Net loss per share (basic and diluted) | ||
| Weighted average shares outstanding | 241,815,632 | 241,815,632 |
Statements of Cash Flows - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
|
| Statement of Cash Flows [Abstract] | ||
| Net income (loss) | $ 338,236 | $ (85,950) |
| Adjustments to reconcile net loss to net loss from operating activities | ||
| Write off of assets | 8,929 | |
| Forgiveness of debts | (377,338) | |
| Changes in operating assets and liabilities | ||
| (increase) decrease in accounts receivable | ||
| (increase) decrease in Inventory | (254) | |
| Increase (decrease) in accounts payable | (2,102) | |
| Increase (decrease) in related party debt | (1,245) | |
| Net Cash Used in Operating Activities | (32,275) | (87,448) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from related party | 32,118 | 87,462 |
| Net Cash Provided by Financing Activities | 32,118 | 87,462 |
| Increase (decrease) in cash | (157) | 14 |
| Cash, beginning of year | 157 | 143 |
| Cash, end of year | 157 | |
| SUPPLEMENTAL DISCLOSURES: | ||
| Cash paid for interest | ||
| Cash paid for taxes | ||
Balance Sheets - USD ($) |
Dec. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| Current Assets | ||
| Cash | $ 157 | |
| Accounts Receivable | 5,032 | |
| Inventory | 3,836 | |
| Total current assets | 9,025 | |
| Total assets | 0 | 9,025 |
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 17,436 | |
| Due to related party | 329,824 | |
| Total current liabilities | 347,260 | |
| Stockholders' Deficit | ||
| Common stock - authorized 290,000,000 shares, par value $0.001, issued and outstanding 241,818,632 as of December 31, 2023 and 2022 | 241,815 | 241,815 |
| Common stock issuable | 27,000 | 27,000 |
| Additional paid-in capital | 3,181,117 | 3,181,117 |
| Accumulated deficit | (3,449,932) | (3,788,168) |
| Total stockholders' deficit | (338,236) | |
| Total liabilities and stockholders' deficit | $ 0 | $ 9,025 |