Jade Global Holdings, Inc.

CIK:0001518171|SEC Filings

Statements of Operations - USD ($)	12 Months Ended
Statements of Operations - USD ($)	Dec. 31, 2019	Dec. 31, 2018
REVENUES:
Revenue
OPERATING EXPENSES
General and administrative	33,316	122,976
Management consulting fees – related party	18,000	203,000
Financial management consulting fees – related party	120,000	90,000
Professional Fees	33,024	42,579
Sales and Marketing	10,273	264,629
Total Operating Expenses	214,613	723,184
LOSS FROM OPERATIONS	(214,965)	(723,184)
Other Income (Loss)
Impairment of intangible asset	(350)
Interest income		48
Total Other Loss	(350)	48
NET LOSS BEFORE PROVISION FOR INCOME TAXES	(214,963)	(723,136)
PROVISION FOR INCOME TAXES
NET LOSS	$ (214,963)	$ (723,136)
Net loss per share - basic and diluted	$ (0.02)	$ (0.06)
Weighted average number of shares outstanding during the period - basic and diluted	12,000,383	12,000,383

Statements of Cash Flows - USD ($)	12 Months Ended
Statements of Cash Flows - USD ($)	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (214,963)	$ (723,136)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	3,779	2,362
Impairment of intangible assets	350
Changes in operating assets and liabilities:
Decrease (Increase) in prepaid expense	460	(460)
Increase in accounts payable and accrued expenses, including related party	103,003	13,145
Net Cash Provided (Used In) By Operating Activities	(107,371)	(708,089)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of furniture and equipment		(11,811)
Purchase of intangible assets		(350)
Net Cash Used In Investing Activities		(12,161)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from loans payable, related party	89,555	276,300
Repayments on loans payable, related party		(6,584)
Net Cash Provided By Financing Activities	89,555	269,716
NET INCREASE (DECREASE) IN CASH	(17,816)	(450,534)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	21,951	472,485
CASH AND CASH EQUIVALENTS AT END OF PERIOD	4,135	21,951
Supplemental Disclosures of Cash Flow Information
Cash paid for income taxes
Cash paid for interest

Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
CURRENT ASSETS
Cash and equivalents	$ 4,135	$ 21,951
Prepaid expenses		460
Total Current Assets	4,135	22,411
FIXED ASSETS
Intangible assets		350
Furniture and equipment (net)	5,670	9,449
Total Fixed Assets	5,670	9,799
TOTAL ASSETS	9,805	32,210
CURRENT LIABILITIES
Accounts payable and accrued expenses	21,257	1,754
Accounts payable – related party	98,500	15,000
Loans payable – related party	360,406	270,851
TOTAL LIABILITIES	480,163	287,605
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 0 shares issued and outstanding
Common stock, $0.0001 par value, 25,000,000 shares authorized, 12,000,383 shares issued and outstanding	1,200	1,200
Additional paid-in capital	1,645,479	1,645,479
Accumulated deficit	(2,117,037)	(1,902,074)
Total Stockholders' Equity (Deficit)	(470,358)	(255,395)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 9,805	$ 32,210