Sky Wolf Wind Turbine Corp

CIK:0001525874|SEC Filings

Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
Statements of Operations - USD ($)	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statements of Operations
Revenue	$ 0	$ 0	$ 0	$ 0
Cost of Sales	0	0	0	0
Gross Profit	0	0	0	0
Operating Expenses:
Compensation and benefits	14,150	90,839	253,579	263,409
Other general and administrative	46,180	66,892	197,306	155,451
Total Operating Expenses	60,330	157,731	450,885	418,860
Loss From Operations	(60,330)	(157,731)	(450,885)	(418,860)
Other Expense:
Interest expense	50,368	22,711	198,148	28,144
Total Other Expense	50,368	22,711	198,148	28,144
NET LOSS	$ (110,698)	$ (180,442)	$ (649,033)	$ (447,004)
Net Loss Per Share, Basic and Diluted	$ 0.00	$ 0.00	$ (0.01)	$ (0.01)
Weighted Average Outstanding Shares Basic and Diluted	83,191,939	77,626,744	81,523,372	77,057,595

Statements of Cash Flows - USD ($)	9 Months Ended
Statements of Cash Flows - USD ($)	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net loss	$ (649,033)	$ (447,004)
Non cash items:
Depreciation	5,594	5,576
Stock issued to consultants and agents	234,857	6,000
Change in operating assets and liabilities:
Inventory	0	(2,668)
Prepaid insurance	(16)	(1,078)
Accounts payable and accrued expenses	58,956	20,666
Accrued interest	37,970	0
Net cash (used in) operating activities	(311,672)	(418,508)
Cash flows from financing activities:
Proceeds from loans	114,425	155,176
Loan payable payments	(209,397)	(65,681)
Proceeds from common stock issuance	317,500	265,300
Proceeds from shareholder loan	188,500	130,000
Shareholder loan payments	(108,000)	(60,000)
Loan overpayments returned	2,136	0
Net cash provided by financing activities	305,164	424,795
Net (decrease) increase in cash	(6,508)	6,287
Cash, beginning of period	6,508	48,593
CASH, END OF PERIOD	0	54,880
Supplemental disclosures and cash flow information:
Interest paid	198,148	28,144
Taxes paid	$ 25	$ 25

Balance Sheets - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Current Assets:
Cash	$ 0	$ 6,508
Inventory	72,680	72,680
Prepaid insurance	2,507	2,491
Loan overpayments	0	2,136
Total Current Assets	75,187	83,815
Right of use asset, net	97,959	0
Property and equipment, net	7,162	12,755
TOTAL ASSETS	180,308	96,570
Current Liabilities:
Accounts payable and accrued expenses	131,108	72,151
Current portion of lease liability	54,000	0
Accrued interest	37,970	0
Loans payable	10,979	105,951
Shareholder loans	857,350	776,850
Total Current Liabilities	1,091,407	954,952
Long-Term Liabilities:
Lease liability	43,959	0
Total Long-Term Liabilities	43,959	0
Total Liabilities	1,135,366	954,952
Commitments and Contingent Liabilities (Note 8)
Shareholders' (Deficit):
Common stock - $0.001 par value, 110,000,000 shares authorized, 83,260,740 and 78,942,833 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively	83,261	78,943
Additional paid-in capital	3,471,940	2,923,902
Accumulated deficit	(4,510,259)	(3,861,227)
Total Shareholders' (Deficit)	(955,058)	(858,382)
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT)	$ 180,308	$ 96,570