Empire Global Gaming, Inc.

CIK:0001501862|SEC Filings

Unaudited Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
REVENUES		$ 9		$ 31
OPERATING EXPENSES:
General and administrative expenses	35,534	2,470	120,710	30,268
Payroll and related expenses	14,958		38,288
TOTAL OPERATING EXPENSES	50,492	2,470	158,998	30,268
LOSS FROM OPERATIONS	(50,492)	(2,461)	(158,998)	(30,237)
OTHER EXPENSE:
Interest expense	(5,948)	(3,780)	(12,072)	(11,498)
Interest expense - related parties	(1,687)	(1,687)	(5,008)	(5,008)
Amortization of debt discount	(29,733)	(17,985)	(100,967)	(67,448)
Amortization of intangible assets	(2,521)	(2,521)	(7,480)	(2,521)
TOTAL OTHER EXPENSE	(39,889)	(25,973)	(125,527)	(86,475)
NET LOSS	$ (90,381)	$ (28,434)	$ (284,525)	$ (116,712)
LOSS PER COMMON SHARE:
Basic and diluted (in Dollars per share)	$ 0	$ 0	$ 0	$ 0
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
Basic and diluted (in Shares)	298,001,000	270,001,000	291,180,487	266,133,967

Unaudited Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (284,525)	$ (116,712)
Adjustment to reconcile net loss to net cash used in operating activities:
Amortization of debt discount	100,967	67,448
Amortization of intangible assets	7,480	2,521
Changes in operating assets and liabilities:
Accounts payable and accrued expenses	44,320	(3,668)
Accrued interest	12,071	11,498
Accrued interest - related parties	5,008	5,008
NET CASH USED IN OPERATING ACTIVITIES	(114,679)	(33,905)
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments towards intellectual property		(30,000)
NET CASH USED IN INVESTING ACTIVITIES		(30,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from convertible notes	114,999
Principal payments towards convertible notes	(30,000)
Proceeds from loans payable - related parties	20,000
Proceeds from related party convertible notes payable	10,000
Principal payments towards notes payable - other	(1,000)
Proceeds from notes payable - other	1,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	114,999
Net increase (decrease) in cash	320	(63,905)
Cash, beginning of period	1,207	65,178
Cash, end of period	1,527	1,273
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest
Cash paid for taxes
NON-CASH ACTIVITIES:
Debt discount on convertible notes payable	65,000
Conversion of convertible note payable to common stock	$ 14,000	$ 12,500

Unaudited Consolidated Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
CURRENT ASSETS:
Cash	$ 1,527	$ 1,207
Total Current Assets	1,527	1,207
Intangible assets, net of accumulated amortization of $0 and $5,041, respectively		24,959
Assets held for sale, net of accumulated amortization of $12,521 and $0, respectively	17,479
TOTAL ASSETS	19,006	26,166
CURRENT LIABILITIES:
Accounts payable and accrued expenses	44,485	165
Accrued interest	28,564	16,493
Accrued interest - related parties	43,372	38,364
Loans payable - related parties	20,000
Convertible notes payable, net of debt discount of $29,566 and $65,533, respectively	135,407	78,440
Notes payable - related parties	167,393	167,393
Total Current Liabilities	439,221	300,855
Long term portion of convertible notes payable - related parties	10,000
Long term portion of convertible notes payable	49,999
TOTAL LIABILITIES	499,220	300,855
Commitments and contingencies
STOCKHOLDERS’ DEFICIT:
Common stock: $0.001 par value; 980,000,000 authorized, 298,001,000 and 270,001,000 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively	298,001	270,001
Common shares to be issued		14,000
Additional paid-in capital	911,372	846,372
Accumulated deficit	(1,689,587)	(1,405,062)
TOTAL STOCKHOLDERS’ DEFICIT	(480,214)	(274,689)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$ 19,006	$ 26,166