$GWSO

Global Warming Solutions, Inc.

CIK:0001430300|SEC Filings

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue
Sales	$ 0	$ 0	$ 0	$ 0
Cost of sales	0	0	0	0
Gross profit	0	0	0	0
Operating expenses
Selling, general, and administrative	15,902	86,587	82,591	278,891
Professional fees	10,772	28,590	80,712	51,498
Research and development	3,160	0	3,160	151,000
Amortization and depreciation	2,714	3,995	9,664	11,855
Total operating expenses	32,548	119,172	176,127	493,244
Income (loss) from operations	(32,548)	(119,172)	(176,127)	(493,244)
Other income (expense)
Interest expense	(11,895)	(8,508)	(32,099)	(25,666)
Bad debt	0	0	(284,953)	0
Gain (loss) on marketable securities	(2,689)	2,216	(1,538)	17,651
Net income (loss) before taxes	(47,132)	(125,465)	(494,718)	(501,259)
Income tax expense	0	0	0	0
Net income (loss)	$ (47,132)	$ (125,465)	$ (494,718)	$ (501,259)
Basic and diluted (Loss) per share:
Income (loss) per share	$ (0.00)	$ (0.01)	$ (0.03)	$ (0.03)
Weighted average shares outstanding - basic and diluted	16,386,566	16,196,669	16,377,114	16,151,729

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating activities:
Net (loss)	$ (494,718)	$ (501,259)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Stock based compensation	17,250	0
Depreciation and amortization	9,664	11,855
Changes in operating assets and liabilities:
Cash overdraft	140	0
Marketable securities	1,538	58,833
Other receivables	125,672	(53,885)
Other current assets	46,001	50,703
Accounts payable and accrued expenses	39,070	57,898
Accrued wages - related party	0	63,110
Other current liabilities	(46,001)	(54,761)
Net cash used in operating activities	(301,384)	(367,507)
Investing activities:
Deposits	6,250	0
Net cash used in investing activities	6,250	0
Cash flows from financing activities:
Proceeds from issuance of stock, net	97,500	437,000
Proceeds from short-term debt	169,023	39,968
Net cash provided by financing activities	266,523	476,968
Net change in cash	(28,610)	109,460
Cash, beginning of the period	28,610	79
Cash, ending of the period	0	109,539
Supplemental disclosure of cash flows information:
Cash paid for interest	36,921,380	0
Cash paid for income taxes	$ 0	$ 0

Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 0	$ 28,610
Marketable securities	1,452	2,990
Other receivable	0	125,672
Deposits	0	6,250
Other current assets	0	46,001
Total current assets	1,452	209,523
Furniture and equipment, net	9,931	13,637
Leasehold improvements, net	0	5,414
Intangible assets, net	8,444	8,989
Total assets	19,827	237,563
Current liabilities
Cash overdraft	140	0
Accounts payable and accrued expenses	40,665	1,595
Loan payable	474,329	305,305
Other current liabilities	0	46,001
Total current liabilities	515,133	352,901
Total liabilities	515,133	352,901
Stockholders' equity
Common stock, $0.001 par value, voting; 1,500,000,000 shares authorized; 16,393,903 and 16,325,336 shares issued, and outstanding, as of September 30, 2024 and December 31, 2023, respectively.	16,393	16,325
Additional paid in capital	5,607,204	5,492,522
Accumulated deficit	(6,118,904)	(5,624,186)
Total stockholders' equity	(495,307)	(115,339)
Total liabilities and stockholders' equity	$ 19,827	$ 237,563