Classic Rules Judo Championships, Inc.

CIK:0001445831|SEC Filings

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Revenues:
Expenses:
Professional fees	231,090	190,978	414,133	297,428
General and administrative expense	17,296	38,277	119,085	122,287
Total Operating Expenses	248,386	229,255	533,218	419,715
Operating Loss	(248,386)	(229,255)	(533,218)	(419,715)
Other Income (Expense)
Interest Income	20,527	7,778	54,500	19,763
Interest expense		(126,356)		(376,909)
Other Gain on Investment		300,000		300,000
Total Other Income (Expense)	20,527	181,422	54,500	(57,146)
Net Loss	$ (227,859)	$ (47,833)	$ (478,718)	$ (476,861)
Loss per Common Share, Basic	$ (0.0119)	$ (0.0025)	$ (0.0250)	$ (0.0249)
Loss per Common Share, Diluted	$ (0.0119)	$ (0.0025)	$ (0.0250)	$ (0.0249)
Weighted Average Common Shares Outstanding, Basic	19,153,923	19,153,923	19,153,923	19,153,923
Weighted Average Common Shares Outstanding, Diluted	19,153,923	19,153,923	19,153,923	19,153,923

Condensed Statement of Cash Flows (Unaudited) - USD ($)	9 Months Ended
Condensed Statement of Cash Flows (Unaudited) - USD ($)	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss	$ (478,718)	$ (476,861)
Changes In:
Accounts Payable and Accrued expenses	(8,066)	(25,000)
Accounts Payable - Related Party		708,968
Net Gains on investment		(300,000)
Other Current Liabilities		98,000
Interest Receivable	(19,515)	(3,215)
Net Cash (used in) provided by Operating Activities	(506,299)	1,892
CASH FLOWS FROM INVESTING
Proceeds from Repayment of Related Party Loan	100,000
Loan Advanced to Related Party	(500,000)
Net Cash Used in Investing Activities	(400,000)
CASH FLOWS FROM FINANCING
Proceeds from Related Party Loans	7,733
Net Cash provided by Financing Activities	7,733
Net (Decrease) Increase in Cash	(898,566)	1,892
Cash at Beginning of Period	934,300	5,843
Cash at End of Period	35,734	7,735
Cash paid during the year for:
Interest
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Deposit paid to AMIC ,Inc. financed with related party debt		1,000,000
Credit Commitment funded with related party debt		167,300
Related party loan converted to additional paid-in capital	$ 545,979

Condensed Balance Sheets - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current Assets:
Cash	$ 35,734	$ 934,300
Interest Receivable	26,574	7,059
Total Current Assets	462,308	941,359
Other Assets
Credit Facility Receivable	330,800	330,800
Allowance for Credit Facility Receivable	(330,800)	(330,800)
Total Other Assets
TOTAL ASSETS	462,308	941,359
Current Liabilities:
Accounts Payable and accrued expenses	105,073	113,139
Total Current Liabilities	1,828,903	2,375,215
Total Liabilities	1,828,903	2,375,215
Stockholders’ Deficit
Preferred Stock, par value $0.001, 50,000,000 shares Authorized,0 Issued or Outstanding at September 30, 2023 and December 31, 2022
Common Stock, par value $0.001, 100,000,000 shares Authorized,19,153,923 shares Issued and Outstanding at September 30, 2023 and December 31,2022	19,154	19,154
Additional Paid-In Capital	965,007	419,028
Accumulated Deficit	(2,350,756)	(1,872,038)
Total Stockholders’ Deficit	(1,366,595)	(1,433,856)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	462,308	941,359
Related Party [Member]
Current Assets:
Loan Receivable	400,000
Current Liabilities:
Loans Payable	1,723,830	$ 2,262,076
Stockholders’ Deficit
Additional Paid-In Capital	$ 245,979