SmooFi, Inc.

CIK:0001592603|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue
Monitoring and related services	$ 2,072	$ 2,646	$ 6,945	$ 7,944
Total Revenue	2,072	2,646	6,945	7,944
Cost of Revenue	1,068	969	3,631	2,981
Gross Profit	1,004	1,677	3,314	4,963
Operating Expenses
General and administrative	82,586	83,313	283,506	291,474
Total Operating Expenses	82,586	83,313	283,506	291,474
Other Income/(Expense)
Gain on accounts payable write-off	0	0	62,660	0
Interest expense	(3,749)	(3,162)	(10,070)	(8,813)
Total Other Income/(Expense)	(3,749)	(3,162)	52,590	(8,813)
Operating Loss	(85,331)	(84,798)	(227,602)	(295,324)
Loss from continuing operations before provision for income taxes	(85,331)	(84,798)	(227,602)	(295,324)
Provision for Income Taxes	0	0	0	0
Loss from continuing operations	(85,331)	(84,798)	(227,602)	(295,324)
Income (Loss) from discontinued operations	11,559	(37,095)	90,397	(31,598)
Net Loss	$ (73,772)	$ (121,893)	$ (137,205)	$ (326,922)
Basic and diluted net loss per common share, continuing operations	$ (3.70)	$ (3.67)	$ (9.86)	$ (12.79)
Basic and diluted net income (loss) per common share, discontinued operations	$ 0.50	$ (1.61)	$ 3.91	$ (1.37)
Weighted average shares outstanding	23,091	23,091	23,091	23,091

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash Flows From Operating Activities
Net Loss	$ (137,205)	$ (326,922)
Adjustments to reconcile net loss to net cash used in operating activities
Net income (loss) from discontinued operations	(90,397)	31,598
Gain on accounts payable write-off	(62,660)	0
Bad debts expense	5,507	0
Changes in operating assets and liabilities:
Accounts receivable	(2,739)	(3,034)
Prepaid expenses	86	(1,004)
Accounts payable and accrued liabilities	3,002	3,143
Accrued wages - related party	186,263	181,592
Unearned revenue	0	(400)
Net cash used in operating activities - continuing operations	(98,143)	(115,027)
Net cash used in operating activities - discontinued operations	8,892	8,562
Cash Flows From Financing Activities
Advances from related party, net	8,026	(2,320)
Proceeds from bridge loan from affiliates	74,757	111,500
Net cash provided by financing activities	82,783	109,180
Net Change In Cash	(6,468)	2,715
Cash at Beginning of Period	14,145	4,505
Cash at End of Period	7,677	7,220
Supplemental Disclosure of Cash Flow Information
Cash paid for interest	0	0
Cash paid for income taxes	$ 0	$ 0

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current Assets
Cash	$ 7,677	$ 14,145
Accounts receivable	2,674	5,442
Prepaid expenses	27,802	27,888
Total Current Assets	38,153	47,475
Total assets	38,153	47,475
Current Liabilities
Accounts payable and accrued liabilities	52,719	112,377
Accounts payable - related party	14,843	6,817
Accrued wages - related party	854,557	668,294
Bridge loan from affiliates	1,950,193	1,875,436
Liabilities of discontinued operations	311,915	393,420
Total Liabilities	3,184,227	3,056,344
Preferred Stock, $0.001 par value, 50,000,000 shares authorized
Common stock, $0.001 par value? 500,000,000 shares authorized? 23,091 shares issued and outstanding	23	23
Stock payable	200,000	200,000
Additional paid in capital	161,803	161,803
Accumulated deficit	(3,508,536)	(3,371,331)
Total deficiency in stockholders' equity	(3,146,074)	(3,008,869)
Total liabilities and deficiency in stockholders' equity	38,153	47,475
Preferred Stock Series A [Member]
Preferred Stock, $0.001 par value, 50,000,000 shares authorized
Preferred stock Series A, 635,000 shares issued and outstanding	635	635
Preferred Stock Series B [Member]
Preferred Stock, $0.001 par value, 50,000,000 shares authorized
Preferred stock Series A, 635,000 shares issued and outstanding	0	0
Preferred Stock Series D [Member]
Preferred Stock, $0.001 par value, 50,000,000 shares authorized
Preferred stock Series A, 635,000 shares issued and outstanding	1	1
Preferred Stock Series C [Member]
Preferred Stock, $0.001 par value, 50,000,000 shares authorized
Preferred stock Series A, 635,000 shares issued and outstanding	$ 0	$ 0