UA Granite Corp

CIK:0001577882|SEC Filings

Consolidated Statements of Operations (Restated) - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Details
REVENUE	$ 73,557	$ 0
EXPENSES
General and Administrative Expense	439,745	25,040
Salaries and wages	154,053	139,808
Contractor Expense	165,870	3,775
Professional fees	110,799	4,750
Depreciation expense	120,109	12,350
TOTAL EXPENSES	990,576	185,723
Income from Operations	(917,019)	(185,723)
OTHER INCOME (EXPENSES)
Other Income	3,768	0
Impairment of deposit on Equipment	(280,000)	0
Interest Expense	(52,599)	(4,939)
TOTAL OTHER INCOME (EXPENSES)	(328,831)	(4,939)
LOSS BEFORE TAXES	(1,245,850)	(190,662)
NET LOSS	$ (1,245,850)	$ (190,662)
NET LOSS PER COMMON SHARE - BASIC & DILUTED	$ (0.02)	$ (0.00)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC & DILUTED	69,746,575	65,000,000

Consolidated Statements of Cashflows (Restated) - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
OPERATING ACTIVITIES
Net Loss	$ (1,245,850)	$ (190,662)
Adjustments to reconcile net loss to net cash from operating activities:
Impairment of deposit on Equipment	280,000	0
Depreciation expense	120,109	12,350
Imputed Interest, Value	51,325	4,939
Changes in operating assets and liabilities:
Change in Accounts Payable and Accrued Expenses	10,326	0
Accrued compensation	169,053	129,809
Net Cash Used by Operating Activities	(615,037)	(43,564)
INVESTING ACTIVITIES:
Cash received from deposits equipment	120,000	0
Cash paid for property, equipment and deposits	(69,445)	(441,650)
Net cash provided (used) by investing activities	50,555	(441,650)
FINANCING ACTIVITIES:
Stockholders' investment	0	751,018
Payment on vehicle loans	(3,261)	0
Proceeds from advances related party	330,490	0
Net cash provided by financing activities	327,229	751,018
NET INCREASE (DECREASE) IN CASH	(237,253)	265,804
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	265,804	0
Cash and Cash Equivalents, at Carrying Value, Ending Balance	28,551	265,804
CASH PAID FOR:
Interest	0	0
Taxes	0	0
SUPPLEMENTAL CASH FLOW INFORMATION
Reverse Merger Net Liabilities assumed	297,675	0
PPE Financed	16,048	0
PPE Financed by related parties	$ 10,000	$ 409,679

Consolidated Balance Sheets (Restated) - USD ($)	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
CURRENT ASSETS:
Cash	$ 28,551	$ 265,804	$ 0
TOTAL CURRENT ASSETS	28,551	265,804
Property and Equipment (net)	414,363	438,978
Deposit on Equipment	0	400,000
TOTAL ASSETS	442,914	1,104,782
CURRENT LIABILITIES:
Accounts Payable and Accrued Expenses	165,929	0
Vehicle Loan	12,787	0
Related Party Payable	1,191,103	539,487
TOTAL CURRENT LIABILITIES	1,369,819	539,487
TOTAL LIABILITIES	1,369,819	539,487
STOCKHOLDERS' EQUITY (DEFICIT)
Common Stock, Value	755	650
Additional Paid In Capital	508,852	755,307
Accumulated deficit	(1,436,512)	(190,662)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	(926,905)	565,295
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 442,914	$ 1,104,782