Bergio International, Inc.

CIK:0001431074|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Total revenues, net	$ 684,571	$ 767,060	$ 2,038,109	$ 2,777,244
Cost of revenues	424,080	487,162	1,408,278	1,599,135
Gross profit	260,491	279,898	629,831	1,178,109
Operating expenses
Selling And Marketing Expenses	10,099	27,765	69,031	96,983
Professional And Consulting Expenses	198,063	277,190	724,067	967,680
Compensation and related expenses	111,330	168,757	355,725	500,967
General and administrative expenses	79,860	128,314	266,149	415,952
Total operating expenses	399,352	602,026	1,414,972	1,981,582
Loss from operations	(138,861)	(322,128)	(785,141)	(803,473)
Other income (expenses)
Interest expense (income)	(26,271)	(21,372)	(132,621)	(64,851)
Derivative expense	0	(174,190)	0	(525,902)
Amortization of debt discount and deferred financing cost	(6,440)	(67,663)	(58,223)	(242,324)
Loss from foreign currency transactions	(68)	(16)	(471)	(31)
Change in fair value of derivative liabilities	4,326	171,852	240,588	119,086
Interest income and other	7	2	388	2
Other income or expense	0	2,127	1,479	2,127
Gain (Loss) on Extinguishment of Debt	0	74,928	19,424	115,232
Total other income (expenses), net	(28,446)	(14,332)	70,564	(596,661)
Loss before provision for income taxes	(167,307)	(336,460)	(714,577)	(1,400,134)
Provision for income taxes	0	0	0	0
Discontinued operations
Gain on disposal of discontinued operations	1,000,000	0	1,000,000	0
Income (loss) before non-controlling interest from discontinued operations	1,000,201	(159,065)	977,536	(605,892)
Total income (loss) from discontinued operations	2,000,201	(159,065)	1,977,536	(605,892)
Net Income (Loss)	1,832,894	(495,525)	1,262,959	(2,006,026)
Less: Income (loss) attributable to non-controlling interest from continuing operations	(51,679)	(90,436)	(196,700)	(150,105)
Less: Loss attributable to non-controlling interest from discontinued operations	0	(77,940)	(11,106)	(311,918)
Loss attributable to non-controlling interest	(51,679)	(168,376)	(207,806)	(462,023)
Net loss attributable to Bergio International, Inc. from continuing operations	(115,628)	(246,024)	(517,877)	(1,250,029)
Net income (loss) attributable to Bergio International, Inc. from discontinued operations	2,000,201	(81,125)	1,988,642	(293,974)
Net income (loss) attributable to Bergio International, Inc.	1,884,573	(327,149)	1,470,765	(1,544,003)
Deemed dividends, preferred stock	0	(7,623)	(63,706)	(7,623)
Net income (loss) available to Bergio International, Inc. common stockholders	$ 1,884,573	$ (334,772)	$ 1,407,059	$ (1,551,626)
Earnings Per Share, Continuing operations	$ (0)	$ (0)	$ (0)	$ (0.03)
Earnings Per Share, Discontinued operations	0	(0)	0	(0)
Earnings Per Share, Continuing operations	$ 0	$ (0)	$ 0	$ (0.03)
Weighted Average Number of Shares Outstanding, Basic	2,899,329,407	105,885,217	2,800,906,608	49,462,273

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Adjustments to reconcile net loss to net cash used in operating activities - continuing operations
Non-controlling interest in subsidiaries			$ (196,700)	$ (150,105)
Depreciation expense			12,712	28,485
Amortization of debt discount and deferred financing costs			58,223	242,324
Derivative Expense	$ 0	$ 174,190	0	525,902
Fair value of common stock (in Dollars)			(240,588)	(119,086)
Gain (Loss) on Extinguishment of Debt	0	(74,928)	(19,424)	(115,232)
Non-cash interest expense			37,590	0
Accretion expense			24,000	0
Amortization of right of use assets			24,815	9,993
Change in operating assets and liabilities
Increase (decrease) in Accounts Receivables			18,668	27,090
Increase (decrease) in Inventory			253,098	61,409
Increase (decrease) in Prepaids			18,000	(12,845)
Increase (decrease) in investments			(1,479)	0
Increase (decrease) in Accounts payable and accrued liabilities			242,368	43,879
Increase (decrease) in bank overdraft			8,645	(7,637)
Increase (decrease) in Accrued salaries			172,431	148,239
Increase (decrease) in Operating lease obligations			(24,815)	(9,994)
Net cash used in operating activities continuing operations			(130,333)	(577,607)
Net cash used in operating activities discontinued operations			(175,350)	(217,808)
TOTAL NET CASH USED IN OPERATING ACTIVITIES			(305,684)	(795,415)
Net loss attributable to Bergio International, Inc. from continuing operations	(115,628)	(246,024)	(517,877)	(1,250,029)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment			0	(4,900)
NET CASH USED IN INVESTING ACTIVITIES - CONTINUING OPERATIONS			0	(4,900)
Net cash provided (used in) investment activities, discontinued operations			320,205	0
TOTAL NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES			320,205	(4,900)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from note payable			0	65,000
Proceeds from convertible notes			0	75,000
Advance from (payments to) Chief Executive Officer, net			202,561	192,783
NET CASH PROVIDED BY FINANCING ACTIVITIES - CONTINUING OPERATIONS			202,561	332,783
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES - DISCONTINUED OPERATIONS			(320,205)	141,208
TOTAL NET CASH PROVIDED BY FINANCING ACTIVITIES			(117,644)	473,991
NET CHANGE IN CASH AND CASH EQUIVALENTS			(103,123)	(326,324)
CASH AND CASH EQUIVALENTS - beginning of year			151,553	373,507	$ 373,507
CASH AND CASH EQUIVALENTS - end of period	$ 48,430	$ 47,183	48,430	47,183	$ 151,553
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Income taxes paid			0	0
Income taxes paid			0	0
Non-cash investing and financing activities
Issuance of common stock issued for convertible debt, loans payable, and accrued interest			13,670	59,488
Issuance of common stock issued for accrued dividends, noncash			307	1,275
Debt discount in connection with the issuance of stock warrants, non-cash			0	5,512
Deemed dividend upon conversion of Series D preferred stock and accrued dividends, noncash			63,706	7,623
Initial amount of ROU asset and related liability, non-cash			95,248	81,213
Initial derivative liability recorded			0	252,488
Reclassification of derivative liability into put premium as stock settled debt			$ 134,947	$ 0

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current assets
Cash	$ 48,430	$ 151,553
Cash held in escrow	147,290	0
Accounts receivable	765	19,433
Notes receivable, current	500,000	0
Inventory, net	1,263,892	1,516,990
Prepaid expenses and other current assets	7,900	1,900
Total current assets	1,968,277	1,689,876
Property and equipment, net	6,326	19,037
Goodwill, net	2,780,897	2,780,897
Operating lease right of use assets	157,434	87,001
Investment in unconsolidated affiliate	8,082	6,603
Total Assets	4,921,016	4,583,414
Current liabilities
Accounts payable and accrued liabilities	1,168,876	860,908
Bank overdraft	8,645	0
Accrued compensation - CEO	715,253	542,822
Notes payable, net	699,378	699,834
Convertible notes payable, net of debt discount	352,174	87,084
Series E Preferred, classified as mezzanine debt	634,000	634,000
Advances from CEO and accrued interest	609,433	364,753
Derivative liabilities	39,556	434,515
Operating lease liabilities - current	28,850	23,605
Current liabilities of discontinued operations	1,035,967	2,393,369
Total current liabilities	5,292,132	6,040,890
Long-term liabilities
Notes payable - long-term	112,622	112,166
Operating lease liabilities - long-term	128,584	63,396
Long-term liabilities of discontinued operations	0	148,196
Total long term liabilities	241,206	323,758
Total liabilities	5,533,338	6,364,648
Commitments and contingencies	0	0
Stockholders' (deficit) equity
Preferred stock value, Series A	0	0
Convertible Series B Preferred Stock Value	0	0
Convertible Series C Preferred Stock Value	0	0
Convertible Series D Preferred Stock Value	9	10
Common stock value	28,983	21,016
Common stock issuable, value	10	646
Additional paid-in capital	26,178,074	26,105,389
Accumulated deficit	(22,473,058)	(23,769,761)
Total stockholders' equity, bergio	3,734,018	2,357,300
Non-controlling interest in subsidiaries	(4,346,340)	(4,138,534)
Total SH Equity	(612,322)	(1,781,234)
Total liabilities and shareholders' deficit	$ 4,921,016	$ 4,583,414