$VMNT

Vemanti Group, Inc.

CIK:0001605057|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
Sales, net - related party	$ 273,597	$ 948,565
Operating Expenses:
General and Administrative	198,218	742,384
Total Operating Expenses	198,218	742,384
Profit from Operations	75,379	206,181
Other Income (Expense):
Other Income (Expense)	(2,679)	(2,368)
Interest Income (Expense)	(200,736)	(575,599)
Total Other Expense	(203,415)	(577,967)
Loss before Provision for Income Taxes	(128,036)	(371,786)
Provision for Income Taxes	0	0
Net Loss	$ (128,036)	$ (371,786)
Loss per Share:
Basic and Diluted	$ (0.00)	$ (0.01)
Weighted Average Shares Outstanding:
Basic and Diluted	73,435,503	48,615,188

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)	9 Months Ended
	Sep. 30, 2024 USD ($)
Cash Flows from Operating Activities:
Net Loss	$ (371,786)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:
Amortization of discount debt	571,220
Stock-Based Compensation	223,500
Changes in Assets and Liabilities:
Accounts Receivable - related party	(161,002)
Pre-Paid Expenses	(10,484)
Other Assets	(956)
Accounts Payable	39,121
Accounts Payable - related party	39,540
Accrued Expenses	(20,109)
Accrued Interest Payable	643
Other Liabilities	192
Net Cash provided by Operating Activities	309,879
Cash Flows from Investing Activities:
Effect of reverse merger	57,116
Net Cash provided by Investing Activities	57,116
Cash Flows from Financing Activities:
Principal Payment on Debt - related party	(260,581)
Principal Payment on Debt	(85,000)
Net Cash used in Financing Activities	(345,581)
Net Increase (Decrease) in Cash	21,414
Cash, Beginning of the Period	0
Cash, End of the Period	21,414
Non-Cash Transactions
Related party acquisition of software asset	8,484,687
Conversion of debt to equity	$ 30,206

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current Assets:
Cash	$ 21,414	$ 0
Prepaid Expenses	20,484	10,000
Accounts Receivable, net - related party	161,002	0
Other Current Assets	983	27
Total Current Assets	203,883	10,027
TOTAL ASSETS	203,883	10,027
Current Liabilities:
Accounts Payable	47,145	2,372
Accounts Payable - related party	39,540	0
Accrued Interest Payable	17,035	0
Note Payable	47,544	0
Note Payable, net - related party	4,676,433	0
Other Current Payables	192	0
Total Current Liabilities	4,827,889	2,372
Non-Current Liabilities:
Note Payable, net - related party	4,242,599	0
Total Non-Current Liabilities	4,242,599	0
TOTAL LIABILITIES	9,070,488	2,372
STOCKHOLDERS' EQUITY
Common Stock, $0.0001 par value, 500,000,000 shares authorized; 73,435,503 shares issued and outstanding as of September 30, 2024 and Ordinary Shares, no par value 1,000,000 shares issued and outstanding as of December 31, 2023.	7,341	0
Stock Payable	116,290	0
Additional Paid-in-Capital	(8,621,105)	5,000
Accumulated Deficit	(374,131)	(2,345)
Total Stockholders' Equity	(8,866,605)	7,655
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	203,883	10,027
Preferred B Stock [Member]
STOCKHOLDERS' EQUITY
Preferred Stock Value	1,000	1,000
Preferred A Stock [Member]
STOCKHOLDERS' EQUITY
Preferred Stock Value	$ 4,000	$ 4,000