MAKAMER HOLDINGS, INC.

CIK:0001632081|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Income Statement [Abstract]
Sales
Costs and Expenses
Consulting	2,799,523	3,039,523
Research and Development	77,990	82,024
Professional fees	109,112	121,192
General and administrative	572,388	584,135
Total cost and expenses	3,559,013	3,826,874
Loss from Operations	(3,559,013)	(3,826,874)
Other Income
Interest Income	1	1
Total Other Income	1	1
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(3,559,012)	(3,826,873)
Provision for Income Taxes
Discontinued operations
Loss from discontinued operations	(5,406,497)	(5,406,497)
NET LOSS	$ (8,965,509)	$ (9,233,370)
Net income/(loss) per share - basic and diluted
Loss from continuing operations basic (in Dollars per share)	$ (0.1)	$ (0.12)
Loss from discontinuing operations basic (in Dollars per share)	(0.15)	(0.17)
Net loss per common share - basic (in Dollars per share)	$ (0.25)	$ (0.29)
Weighted average number of shares outstanding during the period - Basic (in Shares)	36,248,391	31,391,491

Condensed Consolidated Statements of Cash Flows (Unaudited)	6 Months Ended
	Jun. 30, 2022 USD ($)
Statement of Cash Flows [Abstract]
Net loss from continuing operations	$ (3,826,873)
Net loss from discontinuing operations	(5,406,497)
Net Loss	(9,233,370)
Adjustments to reconcile net loss to net cash used in operations
Stock issued for services	3,272,500
Amortization of operating lease assets	12,025
Changes in operating assets and liabilities:
Increase in security deposits	(20,487)
Increase in prepaid expenses	(414,597)
Assets from discontinued operations	5,329,425
Increase in accounts payable and accrued expenses	222,252
Decrease in operating lease liability	(10,856)
Liabilities from discontinued operations	68,245
Net Cash Used in Operating Activities	(774,863)
Net Cash Used in Operating Activities – discontinued operations	(8,827)
Net Cash Used in Operating activities – continued operations	(766,036)
Cash Flows From Investing Activities:
Cash paid for patent	(3,000)
Cash acquired in acquisition of Makamer, Inc.	1,009,074
Net Cash Provided by Investing Activities	1,006,074
Net Cash Provided by Investing Activities – discontinued operations
Net Cash Provided by Investing activities – continued operations	1,006,074
Cash Flows From Financing Activities:
Proceeds from common stock issuance for cash	795,000
Repayment of note payable to related party	(184,990)
Net Cash Provided by Financing Activities	610,010
Net Cash Provided by Financing Activities – discontinued operations
Net Cash Provided by Financing activities – continued operations	610,000
Net Increase in Cash	841,221
Cash at Beginning of Period	72,288
Cash at End of Period	913,509
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for taxes
Supplemental disclosure of non-cash investing and financing activities:
Operating lease asset obtained for operating lease liability upon remeasurement	118,891
Common stock issued in connection with acquisition of Makamer, Inc.	$ 6,347,004

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Current Assets
Cash	$ 913,509	$ 72,288
Security deposit	20,487
Prepaid expenses	414,597
Assets from discontinued operations	8,505
Total Current Assets	1,357,098	72,288
Intangible assets	14,650	11,650
Operating lease asset	106,866
Total Assets	1,478,614	83,938
Current Liabilities
Accounts payable and accrued expenses	271,034	48,782
Notes payable - related party		184,990
Operating lease liability, current	74,562
Liabilities from discontinued operations	68,245
Total Current Liabilities	413,841	233,772
Long Term Liabilities
Operating lease liability, net of current	33,473
Total Liabilities	447,314	233,772
Commitments and Contingencies (See Note 5)
Stockholders’ Equity
Common stock, $0.0001 par value; 250,000,000 shares authorized, 36,347,004 and 26,132,421 issued and outstanding, respectively	3,635	2,613
Additional paid-in capital	10,592,569	179,087
Accumulated deficit	(9,564,904)	(331,534)
Total Stockholders’ Equity (Deficit)	1,031,300	(149,834)
Total Liabilities and Stockholders’ Equity (Deficit)	$ 1,478,614	$ 83,938