ADGS Advisory, Inc.

CIK:0001439237|SEC Filings

UNAUDITED CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME - USD ($)	3 Months Ended
	May 31, 2023	May 31, 2022
Income Statement [Abstract]
Revenues	$ 1,289,795	$ 509,986
Total Revenues	1,289,795	509,986
Cost of Revenue	539,097	220,943
Total Cost of Revenues	539,097	220,943
Gross Profit (Loss)	750,698	289,043
Operating expenses:
Advertising & Marketing	34,921	8,668
Depreciation	0	2,101
Financing Costs	63,605	0
Commission	652,877	152,657
Rent or lease payments	7,443	0
Business consulting	2,497,525	527,710
Legal & Professional fees	11,191	27,038
Taxes & Licenses	785	0
General & Administrative expenses	12,172	28,402
Payroll & Benefits	83,652	36,525
Total operating expenses	3,364,171	783,101
Income from Operations	(2,613,473)	(494,057)
Income before income taxes	(2,613,473)	(494,057)
Provision for income taxes
Net Income (loss)	(2,613,473)	(494,057)
Foreign currency translation adjustment
Comprehensive income	$ (2,613,473)	$ (494,057)
Earning/(loss) per share - Basic	$ 0.00	$ 0.00
Earning/(loss) per share - Diluted	$ 0.00	$ 0.00

UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOW - USD ($)	3 Months Ended
UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOW - USD ($)	May 31, 2023	May 31, 2022
Cash flows from operating activities:
Net Loss	$ (2,613,473)	$ (494,057)
Net income from continuing operations	(28,955)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization		3,137
Stock-based compensation	1,273,425
Accounts receivable & other receivable	(6,404)	(38,204)
Prepayments and other assets	(43,420)
Accounts payables	431,225	135,106
Accrued expenses and other liabilities	(7,491)	16,592
Advanced from customers	976,422	377,902
Net cash provided by (used in) operating activities	(18,671)	476
Cash flows from investing activities:
Additions to property, plant and equipment	(150,473)
Additions to intangible assets
Net cash provided (used in) investing activities	(150,473)
Cash flows from financing activities:
Due to related party	21,865	2,857
Proceeds from third party loan	(3,603)	(611)
Share subscriptions	150,000
Net cash provided (used in) financing activities	168,262	2,246
Effect of exchange rate changes on cash		(29,362)
Net increase in cash	(882)	(26,640)
Cash, beginning of period	167,920	126,715
Cash, end of period	$ 167,037	$ 100,075

UNAUDITED CONSOLIDATED STATEMENT OF BALANCE SHEET - USD ($)	May 31, 2023	Feb. 28, 2023
Current Assets
Cash	$ 167,037	$ 167,920
Account receivables	0	0
Other receivables	30,004	23,600
Prepayments and other current assets	56,293	12,874
Total current assets	253,334	204,394
Intangible assets	759,266	759,266
Property, plant and equipment, net	969,656	819,183
Total Assets	1,982,256	1,782,842
Current Liabilities:
Accounts Payable	588,079	156,893
Receipt in advance	4,022,872	3,046,450
Third party loan payable	15,084	18,736
Assets acquisition payable	110,270	110,221
Due to related party	427,273	405,408
Accrued liabilities and other payable	118,319	125,810
Total current liabilities	5,281,897	3,863,518
Long-term loan
Long-term accounts payable	88,216	88,177
Total liabilities	5,370,113	3,951,695
Share capital
Preferred shares, $0.0001 par value Issued and outstanding shares - 1,000,000	100	100
Common shares, $0.0001 par value Issued and outstanding shares - 1,783,310,675	181,427	174,310
Exchangeable shares, $0.0001 par value Issued and outstanding shares - 1,194,308,876	119,431	119,431
Additional paid in capital	9,433,128	8,016,820
Retained Earnings	(13,121,979)	(10,508,506)
Accumulated other comprehensive loss	36	28,991
Total stockholders’ equity	(3,387,857)	(2,168,854)
Total liabilities and stockholders’ equity	$ 1,982,256	$ 1,782,842