Realstatez.com, INC

CIK:0001624982|SEC Filings

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Revenue	$ 2,218,794	$ 235,971
Cost of revenue	1,371,830	168,891
Gross Profit	846,964	67,080
Operating Expenses
Research and development expenses	203,639	27,729
Selling, general and administrative expenses	534,085	141,901
Total Operating Expenses	737,724	169,630
Income (loss) from operations	109,240	(102,550)
Other income (expenses):
Loss on change in fair value of derivative liabilities	(11,105,518)
Loss on extinguisment of liabilities	(121,435)
Other Income	1,336
Interest expense	(9,913)	(10,407)
Total other expenses	(11,235,530)	(10,407)
Loss before tax	(11,126,290)	(112,957)
Income tax expense
Net Income (loss)	(11,126,290)	(112,957)
Comprehensive loss
Net loss	(11,126,290)	(112,957)
Other comprehensive loss
Foreign currency translation adjustment	(122)
Total comprehensive loss	$ (11,126,412)	$ (112,957)
Earnings per common share - basic and diluted	$ (0.20)	$ (0.00)
Weighted average common shares outstanding, basic	55,529,740	49,514,000
Weighted average common shares outstanding, diluted	55,529,740	49,514,000

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (11,126,290)	$ (112,957)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt discount	31,123	9,667	$ 333
Stock issued for service	324,061	92,575
Change in fair value of derivative liability	11,105,518
Loss on extinguisment of liabilities	121,435
Changes in assets and liabilities:
Accounts receivable	(943,646)	(236,013)
Prepaid expenses and other current assets	(3,401)	(4,404)
Accounts payable	435,443	174,600
Accrued expenses and other payables	(19,985)	53,591
Net cash used in operating activities	(57,685)	(22,941)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related parties	10,795	26,207
Proceeds from convertible debt	40,000
Net cash provided by financing activities	50,795	26,207
Effect of exchange rate changes on cash and cash equivalents	22
Net change in cash and cash equivalents	(6,868)	3,266
Cash and cash equivalents. beginning of the reporting period	15,138	228	228
Cash and cash equivalents, end of the reporting period	8,270	3,494	$ 15,138
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:
Interest paid
Income tax paid
NON-CASH FINANCING ACTIVITIES
Expense paid by third parties	9,372	23,095
Expense paid by related party	420
Debt discount raised due to derivative	40,000
Beneficial conversion feature		40,000
Reclassification of due to related party to loan from related party	$ 1,574

Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2017	Jun. 30, 2017
ASSETS
Cash and cash equivalents	$ 8,270	$ 15,138
Accounts receivable, net	3,460,401	2,516,755
Prepaid expenses and other current assets	14,775	11,374
Total Current Assets	3,483,446	2,543,267
Total Assets	3,483,446	2,543,267
LIABILITIES AND STOCKHOLDERS' DEFICIT
Accounts payable	1,426,022	990,579
Accrued expenses and other payables	424,856	414,549
Convertible notes, net	48,877	39,667
Due to related party		1,594
Income tax payable	135,073	135,073
Derivative liabilities	11,145,518
Short term loans	144,450	135,078
Loans from related party	409,982	397,143
Total Current Liabilities	13,734,778	2,113,683
Total Liabilities	13,734,778	2,113,683
STOCKHOLDERS' DEFICIT
Common stock par value $0.00001: 100,000,000 shares authorized; 56,120,290 and 54,645,084 shares issued and outstanding as of September 30, 2017 and June 30, 2017, respectively	561	546
Additional paid-in capital	701,372	255,891
Retained earnings (Accumulated Deficit)	(10,953,068)	173,222
Accumulated other comprehensive income	(197)	(75)
Total Stockholders' Equity (Deficit)	(10,251,332)	429,584
Total Liabilities and Stockholders' Equity	$ 3,483,446	$ 2,543,267