Adama Technologies Corp

CIK:0001422222|SEC Filings

Statements of Operations - USD ($)	9 Months Ended
Statements of Operations - USD ($)	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Revenues	$ 371,897
Cost of Goods Sold	521,417
Gross Profit	(149,520)
Expenses:
General and Administrative	593,392	20,248
Depreciation and Amortization	38,022	97,545
Other General and Administrative
Total Operating Expenses	631,414	20,248
Income(Loss) From Operations	(780,933)	(20,248)
Other Income (Expenses)
Gain on Sale of Asset	8,709
Gain/(Loss) onDerivatives	410,319	1,439
Interest Expense	(24,519)	(13,926)
Total Other Income(Expenses)	443,547	12,487
Net income/(loss) Before Income Taxes	(337,386)	(32,375)
Income Tax Expense
Net Income/(Loss)	$ (337,386)	$ (117,641)
Net Gain/(Loss) Per Share - Basic	$ (0.0021)	$ (0.00)
Net Gain/(Loss) Per Share - Diluted	$ (0.0007)	$ (0.00)
Weighted Average Number of Shares - Basic	174,973,744	357,235,811
Diluted	208,330,705	357,235,811

Statements of Cash Flows - USD ($)	9 Months Ended
Statements of Cash Flows - USD ($)	Sep. 30, 2017	Sep. 30, 2016
Operating Activities:
Net Income (Loss)	$ (337,386)	$ (117,641)
Adjustments to reconcile net income(loss) to cash used in operating activities:
Gain on Sale of Property and Equipment	8,709
Depreciation and Amortization	38,022	97,545
Accretion of Debt Discount	0
Imputed interest	24,519	43,308
Gain on Derivative Liability	410,319
Changes in operating assets and liabilities
Accounts Receivable	12,238	(17,813)
Prepaid & Other Current Assets	36,500
Inventory	1,523,740	467,818
Accounts Payable and Accrued Liabilities	734,550	410,007
Client Deposits	1,044,589	(877,135)
Net Cash Used in Operating Activities	3,495,800	(37,219)
Investing Activities
Proceeds from Sale of Property and Equipment	8,709
Purchase of Property and Equipment		(1,699)
Net Cash Provided by (Used in) Investing Activities	8,709	(1,699)
Financing Activities
Bank Overdraft	0	15,830
Repayment on Note Payable	129,714	87,977
Repayment on Line of Credit	22,307	21,361
Repayment on Capital Leases	(37,422)	(87,943)
Proceeds from Related Parties	312,401	207,630
Repayment to Related Parties		(10,000)
Capital Distribution		(11,000)
Proceeds From Notes Payable
Net Cash Provided by Financing Activities	501,844	5,179
Net Increase(Decrease) in Cash	4,006,353	(33,739)
Cash, Beginning of Period	10,541	33,739
Cash, End of Period	120,908
Cash Paid during the period for:
Income Taxes
Interest	24,519	43,308
Non-cash investing and financing activities
Stock Issued for Acquisitions
Liabilities Assumed in Recapitalization
Common Shares Issued Upon Conversion of Promissory Notes
Convertible Notes Issued to Settle Accounts Payable	$ 152,000

Balance Sheets - USD ($)	Sep. 30, 2017	Sep. 30, 2016
Current Assets
Cash	$ 120,908
Prepaid ExpensesandOther Current Assets	36,500
Inventory	1,523,740
Accounts Receivable	12,238
Total current assets	1,572,478
Property and Equipment	258,495
Total Assets	1,830,972	0
Current Liabilities
Accounts Payable and Accrued Liabilities	734,550	151,580
Client Deposits	1,044,589
Bank Overdraft	0
Current Portion of Notes Payable	129,714	3,000
Loans from Related Parties	312,401	22,500
Current Portion of Line of Credit	22,307
Current Portion of Capital Leases	37,422
Convertible Notes Payable, Net of Discount	1,084,689	393,750
Judgement Payable	248,490
Derivative Liability	959,574	147,667
Total Current Liabilities	4,573,736	718,497
Long-Term Debt
Notes Payable, Less Current Portion	230,656
Capital Leases, Less Current Portion	320,393
Line of Credit, Less Current Portion	68,336
Total Long-Term Debt	616,886
Total Liabilities	5,190,622	718,497
Stockholders' Equity/(Deficit)
Preferred Stock, $.0001 par value, 500,000,000 million authorized 500,000,000 and 1,000,000 shares issued and outstanding at September 30, 2017 and 2016, respectively	8,500	1,000
Common Stock, $.0001 par value, 500,000,000 million authorized 129,815,781 and 328,851,197 shares issued and outstanding at September 30, 2017 and 2016, respectively	15,722	32,885
Additional Paid-In Capital	(3,046,485)	17,790,957
Retained Earnings(Deficit)	(337,386)	(18,543,339)
Total Stockholders' Equity/(Deficit)	(3,359,649)	(718,497)
Total Liabilities & Stockholders’ Equity/(Deficit)	$ 1,830,972	$ 0