ADB International Group, Inc.

CIK:0001563536|SEC Filings

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
Statements of Operations (Unaudited) - USD ($)	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Revenues
Expenses
General and administrative	97,654	107,681	308,694	300,217
Research and development	54,090	61,499	285,590	154,851
Total	151,744	169,180	594,284	455,068
(Loss) from operations	(151,744)	(169,180)	(594,284)	(455,068)
Other income (expenses):
Foreign currency translation gain/(loss)			(2,542)
Other Income	79,830	374	79,830	51,940
Interest expense	(4,182)	(4,181)	(12,409)	(12,454)
Total other expenses	75,648	(3,807)	64,879	39,486
Net loss	(76,096)	(172,987)	(529,405)	(415,582)
Other comprehensive income (loss):
Foreign currency translation adjustments	1,532		10,584
Comprehensive income (loss)	$ (74,564)	$ (172,987)	$ (518,821)	$ (415,582)
Basic and diluted per share amount:
Basic and diluted net loss	$ (0.00)	$ (0.07)	$ (0.02)	$ (0.01)
Weighted average shares outstanding (basic and diluted)	34,546,060	34,546,060	34,546,060	34,546,060

Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
Statements of Cash Flows (Unaudited) - USD ($)	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net loss	$ (529,405)	$ (415,582)
Adjustments required to reconcile net loss to cash used in operating activities:
Imputed interest	12,409	12,454
Changes in assets and liabilities:
Increase (decrease) in accounts payable and accrued expenses		(4,050)
Increase (decrease) in accounts payable and accrued expenses – related party	130,449	145,665
Cash used in operating activities	(386,547)	(261,513)
Cash flow from financing activities:
Proceeds from stock payable – related party	306,393	447,600
Cash provided by financing activities	306,393	447,600
Foreign currency translation adjustments on cash and cash equivalents	10,584
Change in cash	(69,570)	186,087
Cash - beginning of period	81,070	18,278
Cash - end of period	11,500	204,365
Cash paid during the period for:
Interest
Taxes

Balance Sheets - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash	$ 11,500	$ 81,070
Total current assets	11,500	81,070
Total Assets	11,500	81,070
Current liabilities:
Accounts payable	2,996	2,996
Accrued interest, related party	1,564	1,564
Accrued salary, related party	439,905	309,456
Loan from shareholder, related party	100,000	100,000
Loan from shareholder, unrelated party	65,905	65,905
Total current liabilities	610,370	479,921
Total liabilities	610,370	479,921
Stockholders’ equity (deficit):
Preferred stock, $0.00001 par value; 25,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.00001 par value; 500,000,000 shares authorized; and 34,546,060 issued and outstanding at September 30, 2021 and December 31, 2020, respectively.	345	345
Additional paid in capital	33,817,934	33,805,525
Stock payables	801,284	494,891
Accumulated other comprehensive income (loss)	(7,335)	(17,919)
Accumulated deficit	(35,211,098)	(34,681,693)
Total stockholders’ equity (deficit)	(598,870)	(398,851)
Total Liabilities and Stockholders’ Equity (Deficit)	$ 11,500	$ 81,070