808 RENEWABLE ENERGY CORP

CIK:0001467913|SEC Filings

Consolidated Statements of Operations - USD ($)	2 Months Ended	10 Months Ended	12 Months Ended
Consolidated Statements of Operations - USD ($)	Mar. 15, 2021	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Consolidated Statements of Operations
Sales, net of allowances	$ 230,491	$ 378,033	$ 424,462	$ 608,524
Cost of Sales
Purchases	112,394	242,065	616,005	354,459
Labor	21,067	70,071	61,882	91,138
Freight and Shipping Costs	0	13,283	7,940	13,283
Total cost of sales	133,461	325,419	685,827	458,880
Gross profit	97,030	52,615	(261,365)	149,645
Operating expenses
Advertising	0	27,150	31,956	27,150
Amortization	1,550	3,364	6,200	4,914
Automobile and Truck Expense	36,567	(33,774)	3,206	2,793
Bank Charges	0	3,934	6,541	3,934
Commissions	0	5,500	3,110	5,500
Consulting	0	11,660	5,000	11,660
Depreciation Expense	0	359	8,189	359
Dues and Subscriptions	0	833	11,957	833
Fuel	0	1,904	2,770	1,904
Legal and professional fees	0	62,653	40,410	62,653
Meals and Entertainment	0	1,672	2,065	1,672
Office Expense	0	16,954	18,194	16,954
Office Salaries and Wages	0	9,833	46,543	9,833
Officer Salaries	13,333	118,068	114,038	131,401
Payroll Tax Expense	0	15,725	18,074	15,725
Rent	9,350	22,740	86,737	32,090
Travel Expense	0	596	5,561	596
Utilities	0	2,340	3,788	2,340
General and administrative - other	22,794	74,734	7,986	97,528
Total operating expenses	83,594	346,245	422,325	429,839
Net Income (Loss) from operations	13,436	(293,630)	(683,690)	(280,194)
Other (expenses)
Interest Expense	(2,018)	(27,854)	(34,756)	(29,872)
Other income	11	37,991	37,843	38,002
Net Income (Loss) before income taxes	11,429	(283,493)	(680,603)	(272,064)
Income taxes	0	0	0	0
Net Income (Loss) before non-controlling interest	11,429	(283,493)	(680,603)	(272,064)
Less non-controlling interest	0	(58,068)	(275,677)	(58,068)
Net income (loss)	$ 11,429	$ (225,425)	$ (404,926)	$ (213,996)
Weighted average number of common shares
Basic and diluted		1,245,408,923	1,395,221,422	1,245,408,923

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2022	Dec. 31, 2021
OPERATING ACTIVITIES
Net income (loss) from continuing operations attributable to common stockholders	$ (680,603)	$ (213,996)
Adjustments to reconcile net income to net cash provided by operations:
Amortization	14,748	24,163
Forgiveness of PPP Loan	(37,830)	(37,673)
Non-Controlling interest	0	(58,068)
Changes in:
Inventory	7,428	(859,738)
Accounts Receivable	(15,000)	2,382
Accounts payable	(26,705)	48,747
Accrued liabilities, related party	19,494	(24,793)
Net cash provided by (used by) operating activities	(718,468)	(1,118,976)
INVESTING ACTIVITIES
Purchase of assets	(25,339)	(200,736)
Purchase of assets - Molds	0	(150,000)
Purchase of subsidiary, net of working capital	0	(308,603)
Net cash provided by (used by) investing activities	(25,339)	(657,594)
FINANCING ACTIVITIES
Notes Payable	1,550	0
EIDL Loan	(30,614)	891
PPP Loan	0	30,276
Sale of common shares	0	80,000
Repurchase of common shares	0	(73,814)
Loans from related party, net of repayment	345,316	2,223,447
Net cash provided by financing activities	316,252	2,260,800
NET CHANGE IN CASH	(427,555)	484,230
CASH, Beginning	484,230	0
CASH, Ending	56,675	484,230
SUPPLEMENTAL SCHEDULE OF CASH FLOW INFORMATION:
Interest paid	3,216	6,547
Income taxes paid	0	0
NON-CASH DISCLOSURES
Forgiveness of PPP Loan	$ 37,830	$ 37,673

Consolidated Balance Sheets - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash	$ 56,675	$ 481,410
Accounts Receivable	0	0
Inventory	877,310	884,738
Receivables, related parties	15,000	0
Total current assets	948,985	1,366,148
Other assets
Goodwill	693,142	693,142
Property, Plant and Equipment, net of accumulated depreciation of $97,606 and $89,058, respectively	287,278	270,487
Intangible Assets, net of accumulated amortization of $37,200 and $31,000, respectively	68,536	74,736
Deposits	2,000	2,000
Total other assets	1,050,955	1,040,365
Total assets	1,999,941	2,409,333
Current liabilities
Accounts payable	19,385	48,747
Credit Card Payable	39,606	17,104
Payroll Taxes Payable	2,658	0
Accrued liabilities	0	3,008
Liabilities, related party	1,605,560	1,178,089
Loans payable, related party	0	82,155
Total current liabilities	1,667,209	1,329,103
Long-term liabilities
Note payable, related party	1,000,000	1,000,000
Note payable - EIDL	0	30,614
Note payable - PPP	0	37,830
Notes payable - Other	31,825	30,276
Total long-term liabilities	1,031,825	1,098,720
Total liabilities	2,699,034	2,427,823
Commitments and Contingencies	0	0
STOCKHOLDERS' EQUITY
Preferred stock, $0.00001 and $0.001 par value, respectively; 20,000,000 shares authorized; none issued and outstanding at December 31, 2022 and December 31, 2021, respectively	0	0
Common stock, $0.00001 par value and $0.001 par value, respectively; 2,500,000,000 shares authorized; 1,395,221,422 outstanding as of December 31, 2022 and December 31, 2021, respectively	13,952	13,952
Additional paid in capital	23,669,777	23,669,777
Accumulated deficit	(24,300,143)	(23,895,217)
Non-controlling interest	(82,679)	192,998
Total stockholders' equity (deficit)	(699,093)	(18,490)
Total liabilities and stockholders' equity	$ 1,999,941	$ 2,409,333