E-WASTE CORP.

CIK:0001543066|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenues	$ 215,328	$ 389,631	$ 631,567	$ 560,379
Cost of revenues	53,082	167,542	355,522	284,627
Gross Profit	162,246	222,089	276,045	275,752
Operating expenses
General and administrative expenses	433,491	243,137	832,904	390,286
Total operating expenses	433,491	243,137	832,904	390,286
Loss from operations	(271,245)	(21,048)	(556,859)	(114,534)
Other income(expense)
Gain on PPP loan forgiveness	726		13,215
Interest expense	(5,417,727)	(23,296)	(5,449,307)	(36,386)
Total other expense	(5,417,001)	(23,296)	(5,436,092)	(36,386)
Net loss	$ (5,688,246)	$ (44,344)	$ (5,992,951)	$ (150,920)
Loss per share - basic and diluted	$ (0.14)	$ (0.00)	$ (0.14)	$ (0.00)
Weighted average number of shares - basic and diluted	41,595,984	38,550,000	41,568,007	38,550,000

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash Flows from Operating Activities
Net loss	$ (5,992,951)	$ (150,920)
Depreciation	19,712	41,476
Stock issued as debt issuance cost	472,501
Warrants issued for interest expense	4,829,289
Amortization of debt discount	96,175
Stock issued for services	41,000
Bad debt recovery	(43,069)
Gain on debt settlement	(13,215)
Adjustments to reconcile net loss to net cash used in operations Changes in operating assets and liabilities
(Increase) decrease in Accounts receivable	42,760	(57,399)
Prepaid expense	(1,122,703)
Inventory	255,508	(309,641)
Increase (decrease) in Accounts payable and accrued expenses	211,297	155,270
Accounts payable - related party	(11,000)
Accrued interest payable	46,521
Deferred revenue	95,058	35,972
Net cash used in operating activities	(1,073,118)	(285,242)
Cash Flows from Investing Activities
Investment in D.S. Raider		(500,000)
Net cash used in investing activities		(500,000)
Cash Flows from Financing Activities
Repayments and advances from advances - related party, net	423	(150,530)
Repayment of notes payable	(29,565)	8,211
Proceeds from note payables		3,110,956
Proceeds of convertible notes payable	709,500
Common stock issued for cash	95,000
Collection of subscription receivable	105,002
Net cash provided by financing activities	880,360	2,968,637
Net increase (decrease) in cash	(192,757)	2,183,395
Cash - beginning of period	365,800	1,980
Cash - end of period	173,043	2,185,375
Supplemental disclosure of cash flow information
Cash paid for interest
Cash paid for income tax
Supplemental disclosure of non-cash investing and financing activities
Accounts payable converted to debt	220,251
Debt discount recorded in connection with convertible debt	$ 709,500

Condensed Consolidated Balance Sheet (Unaudited) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Current Assets
Cash	$ 173,043	$ 365,800
Accounts receivable, net	310
Prepaid expense	1,196,803	74,100
Inventory	142,538	398,046
Total Current Assets	1,512,694	837,946
Property and Equipment, net	61,707	81,419
Investment in D.S. Raider	3,850,000	3,850,000
Total Assets	5,424,401	4,769,365
Current Liabilities
Accounts payable and accrued expenses	740,217	749,170
Accounts payable - related party		11,000
Accrued interest payable	138,898	92,377
Deferred revenue	1,007,522	912,464
Advances - related party	423
Convertible notes payable, net of debt discount of $783,825 and $0 as of June 30, 2022 and December 31, 2021	816,426	500,000
Notes payable	396,850	426,415
Note payable - government loan (PPP)		13,215
Total Current Liabilities	3,100,336	2,704,641
Commitments
Stockholders’ Equity (Deficit)
Common stock, $0.0001 par value, 250,000,000 shares authorized 41,896,836 and 41,479,502, shares issued and outstanding, respectively	4,189	4,148
Stock subscription receivable		(95,001)
Additional paid-in capital	11,107,619	4,950,369
Accumulated deficit	(8,787,743)	(2,794,792)
Total Stockholders’ Equity (Deficit)	2,324,065	2,064,724
Total Liabilities and Stockholders’ Equity (Deficit)	$ 5,424,401	$ 4,769,365