Renewable Energy & Power, Inc.

CIK:0001608430|SEC Filings

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Condensed Statements Of Operations
Revenue	$ 139,410	$ 184,749	$ 446,166	$ 559,650
Cost of revenue	118,871	144,000	388,381	470,395
Gross profit	20,539	40,749	57,785	89,255
Operating expenses:
General and administrative	81,911	201,119	307,550	412,784
Depreciation and Amortization	11,262	25,863	46,353	77,589
Total operating expenses	93,173	226,982	353,903	490,373
Operating loss	(72,634)	(186,233)	(296,118)	(401,118)
Other income (expenses):
Interest expense	(241,398)	(76,430)	(861,586)	(156,399)
Fair value of stock compensation				(6,227,500)
Change in derivative liability	97,989	(700,800)	841,653	(814,000)
Total	(143,409)	(777,230)	(19,933)	(7,197,899)
Net loss	$ (216,043)	$ (963,463)	$ (316,051)	$ (7,599,017)
Per share information - basic:
Net loss per share	$ (0.00)	$ (0.03)	$ 0.00	$ (0.65)
Primary weighted average shares outstanding	1,898,704,646	27,655,096	1,059,900,819	11,653,799

Condensed Statements of Cash Flow (Unaudited) - USD ($)	9 Months Ended
Condensed Statements of Cash Flow (Unaudited) - USD ($)	Jun. 30, 2018	Jun. 30, 2017
Condensed Statements Of Cash Flow
Net cash used in operating activities	$ (201,500)	$ (221,915)
Cash flows from financing activities:
Proceeds from issuance of convertible notes payable	187,000	378,354
Repayment of convertible note payable	(10,000)
Proceeds from MDI notes payable	30,200
Repayment of amounts due to officers and shareholder	(8,500)	(75,000)
Proceeds from short term notes payable to officer	2,800	3,720
Net cash provided by financing activities	201,500	307,074
Net increase in cash		85,159
Cash at beginning of period		571
Cash at end of period		85,730
Supplemental Cash Flow Disclosures
Interest paid
Taxes paid
Supplemental Disclosures of Non-Cash Investing and Financing Activities
Conversion of convertible note payable and accrued interest to common stock	947,927	4,650
Debt discount on convertible notes payable	341,977	13,500
Non-cash additions to convertible notes payable:
Conversion of MDI note	191,570
Consulting fees payable to officers and shareholder exchanged for convertible notes payable		25,000
Convertible notes payable to officers exchanges for common stock		$ 25,000

Condensed Balance Sheets - USD ($)	Jun. 30, 2018	Sep. 30, 2017
Current assets:
Cash
Accounts receivable from MDI	1,743,320	1,328,053
Accounts Receivable from others	3,650	11,417
Inventory	176,020	66,574
Total current assets	1,922,990	1,406,044
Property, plant and equipment, net of depreciation	195,595	229,381
Intangible asset, net of amortization		12,567
Deposits	5,000	5,000
Total Assets	2,123,585	1,652,992
Current liabilities:
Accounts payable	104,636	44,560
Accounts payable MDI	1,709,508	1,291,772
Accrued interest (MDI $1,500 at June 30, 2018 and $87,785 at September 30, 2017)	29,555	131,308
Amounts due to officers and shareholder	264,275	180,175
Short term notes payable to officer	59,774	56,974
Convertible note payable, officer	5,700	5,700
Convertible note payable to MDI	25,000	103,785
Convertible note payable, net of discounts	590,508	293,600
Derivative liability	366,803	3,047,887
Total current liabilities	3,155,759	5,155,761
Commitments and contingencies (Note 9)
Shareholders' deficit:
Common stock, $0.001 par value; 10,010,000,000 shares authorized; 2,471,850,507 shares issued and outstanding at June 30, 2018 and 109,393,022 at September 30, 2017	2,471,850	109,393
Additional paid in capital	8,538,437	8,124,248
Accumulated deficit	(12,052,461)	(11,736,410)
Total shareholders' deficit	(1,032,174)	(3,502,769)
Total Liabilities and Shareholders’ deficit	2,123,585	1,652,992
Series A Preferred Stock [Member]
Shareholders' deficit:
Preferred stock value	$ 10,000