Bang Holdings Corp.

CIK:0001632323|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
REVENUE
Total Revenue	$ 66,000	$ 37,500	$ 119,500	$ 37,500
OPERATING EXPENSES
Sales and marketing	19,967	32,069	32,427	51,961
Professional fees	27,774	58,029	70,574	78,965
General and administrative	120,915	196,622	238,984	395,909
Total Operating Expenses	168,656	286,720	341,985	526,835
NET LOSS FROM OPERATIONS	(102,656)	(249,220)	(222,485)	(489,335)
OTHER EXPENSES
Interest expense	(16,281)	(14,764)	(32,382)	(29,445)
Total Other Expenses	(16,281)	(14,764)	(32,382)	(29,445)
Net loss before provision for income taxes	(118,937)	(263,984)	(254,867)	(518,780)
Provision for Income Taxes
NET LOSS	$ (118,937)	$ (263,984)	$ (254,867)	$ (518,780)
Net loss per share - basic and diluted	$ (0.01)	$ (0.01)	$ (0.01)	$ (0.02)
Weighted average number of shares outstanding during the year - basic and diluted	23,613,948	23,409,242	23,606,674	23,383,611
Advertising Sales [Member]
REVENUE
Total Revenue	$ 36,000	$ 37,500	$ 59,500	$ 37,500
Advertising Sales - Related Party [Member]
REVENUE
Total Revenue	$ 30,000		$ 60,000

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (254,867)	$ (518,780)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	27,060	189,820
Depreciation expense	1,390	978
Changes in operating assets and liabilities:
Accounts receivable	7,000	(22,500)
Accounts receivable - related party	40,000
Prepaid expenses		8,560
Accounts payable, accrued expenses and accrued payroll and related expenses	122,279	132,064
Due to related party - accrued rent	15,000	(3,007)
Net Cash Used In Operating Activities	(42,138)	(212,865)
CASH FLOWS FROM INVESTING ACTIVITIES
Cash paid for purchase of fixed assets		(4,900)
Net Cash Used In Investing Activities		(4,900)
NET DECREASE IN CASH	(42,138)	(217,765)
CASH AT BEGINNING OF PERIOD	75,335	244,968
CASH AT END OF PERIOD	33,197	27,203
Supplemental cash flow information:
Cash paid for income taxes
Cash paid for interest expense

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2018	Dec. 31, 2017
CURRENT ASSETS
Cash	$ 33,197	$ 75,335
Accounts receivable	500	7,500
Accounts receivable - related party	48,281	88,281
Prepaid expenses	1,000	1,000
TOTAL CURRENT ASSETS	82,978	172,116
FURNITURE AND EQUIPMENT, Net	5,198	6,588
TOTAL ASSETS	88,176	178,704
CURRENT LIABILITIES
Accounts payable	104,457	98,386
Accrued expenses	230,285	197,269
Accrued payroll and related expenses	456,820	373,628
Loan payable	6,500	6,500
Due to related party	92,500	77,500
Convertible notes payable	85,000	85,000
Convertible notes payable - related party	500,000	500,000
TOTAL CURRENT LIABILITIES	1,475,562	1,338,283
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIENCY
Preferred stock, $0.0001 par value, 50,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.0001 par value, 500,000,000 shares authorized, 23,626,600 and 23,598,480 shares issued and outstanding, respectively	2,364	2,361
Additional paid in capital	3,207,338	3,180,281
Accumulated deficit	(4,597,088)	(4,342,221)
TOTAL STOCKHOLDERS' DEFICIENCY	(1,387,386)	(1,159,579)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY	$ 88,176	$ 178,704