$ADMQ

ADM ENDEAVORS, INC.

CIK:0001588014|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue
Total revenue	$ 1,307,924	$ 1,173,827	$ 2,332,544	$ 2,100,363
Operating expenses
Direct costs of revenue	859,960	799,484	1,645,483	1,523,798
General and administrative	398,792	427,538	782,107	770,909
Marketing and selling	10,070	6,706	23,376	17,139
Total operating expenses	1,268,822	1,233,728	2,450,966	2,311,846
Operating income (loss)	39,102	(59,901)	(118,422)	(211,483)
Other income (expense)
Gain (loss) on change in fair value of derivative liabilities	31,207	(10,344)	78,571	(13,683)
Other income	6,130	5,680	8,856	278,265
Interest expense	(14,378)	(4,545)	(39,018)	(18,754)
Total other income (expense)	22,959	(9,209)	48,409	245,828
Income (loss) before tax provision	62,061	(69,110)	(70,013)	34,345
Provision for income taxes
Net income (loss)	$ 62,061	$ (69,110)	$ (70,013)	$ 34,345
Net income (loss) per share - basic	$ 0.00	$ (0.00)	$ (0.00)	$ 0.00
Net income (loss) per share - diluted	$ 0.00	$ (0.00)	$ (0.00)	$ 0.00
Weighted average number of shares outstanding
basic	158,520,409	156,900,609	158,520,409	156,769,604
diluted	195,526,160	156,900,609	195,526,160	156,769,604
School Uniform [Member]
Revenue
Total revenue	$ 99,348	$ 164,402	$ 183,107	$ 272,652
Promotional Sales [Member]
Revenue
Total revenue	$ 1,208,576	$ 1,009,425	$ 2,149,437	$ 1,827,711

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income (loss)	$ (70,013)	$ 34,345
Adjustments to reconcile net income (loss) to net cash provided by continuing operations:
Bad debt expense	114
Stock-based compensation		10,792
Depreciation and amortization	44,786	53,615
Amortization of debt discount	5,809	9,021
Change in derivative liability	(78,571)	13,683
Loss on disposal of fixed assets	34,053
Gain on insurance claim		(264,514)
Changes in operating assets and liabilities:
Accounts receivable	(29,873)	(9,601)
Other receivable, related party	6,144	34,992
Inventory	(110,210)	(217,491)
Prepaid expenses and other assets	61,311	(30,694)
Accounts payable	70,142	2,757
Accounts payable - related party	(246,206)	(1,201)
Accrued expenses	25,656	(5,965)
Accrued interest - related party	12,924
Net cash used in operating activities	(273,934)	(370,261)
Cash flows from investing activities:
Purchase of property and equipment	(538,420)	(2,718,841)
Proceeds from insurance		374,930
Net cash used in investing activities	(538,420)	(2,343,911)
Cash flows from financing activities:
Repayments on notes payable	(48,218)	(25,350)
Proceeds from line of credit - related party	580,000
Proceeds from convertible note payable	200,000
Proceeds from note payable		2,455,749
Net cash provided by financing activities	731,782	2,430,399
Net change in cash	(80,572)	(283,773)
Cash at beginning of period	358,955	412,449
Cash at end of period	278,383	128,676
Supplemental disclosure of cash flow information:
Cash paid for interest	188,156	30,009
Cash paid for taxes
Non-cash investing and financing activities:
Capitalized loan costs	9,690	7,301
Deferred financing costs	20,000	7,301
Expenses paid on behalf of the Company	12,309
Debt discount created by derivative liability	$ 117,628

Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash	$ 278,383	$ 358,955
Accounts receivable, net	435,132	405,373
Other receivable, related party	6,298	12,442
Inventory	648,152	537,942
Prepaid expenses and other current assets	106,402	167,713
Total current assets	1,474,367	1,482,425
Noncurrent assets
Property and equipment, net	9,127,419	8,658,148
Goodwill	688,778	688,778
Deferred financing costs	73,210	53,210
Total assets	11,363,774	10,882,561
Current liabilities
Accrued expenses	519,886	506,539
Income tax payable	146,336	146,336
Convertible note payable	214,273	106,092
Derivative liabilities	290,849	251,792
Total current liabilities	1,944,439	1,354,685
Noncurrent liabilities
Deferred tax liability	13,230	13,230
Notes payable - secured, net of discount	5,877,020	5,915,548
Total noncurrent liabilities	5,890,250	5,928,778
Total liabilities	7,834,689	7,283,463
Commitments and contingencies
Stockholders’ equity
Preferred stock, $0.001 par value, 80,000,000 shares authorized, 2,000,000 shares outstanding as of June 30, 2026 and December 31, 2025	2,000	2,000
Common stock, $0.001 par value, 800,000,000 shares authorized, 158,520,409 shares issued and outstanding at June 30, 2026 and December 31, 2025	158,520	158,520
Additional paid-in capital	1,525,329	1,525,329
Retained earnings	1,843,236	1,913,249
Total stockholders’ equity	3,529,085	3,599,098
Total liabilities and stockholders’ equity	11,363,774	10,882,561
Nonrelated Party [Member]
Current liabilities
Accounts payable	167,862	97,720
Related Party [Member]
Current liabilities
Accounts payable		246,206
Accrued interest - related party	12,924
Lines of credit - related party	$ 592,309