Deep Green Waste & Recycling, Inc.

CIK:0001637866|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Income Statement [Abstract]
Revenues	$ 244,925	$ 342,325
Total revenues	244,925	342,325
Cost of revenues	55,390	71,583
Gross margin	189,535	270,742
Operating expenses:
Selling, general and administrative	260,583	268,280
Officers and directors’ compensation	64,900	41,500
Professional and consulting	25,541	11,069
Provision for doubtful accounts	2,400	(51,087)
Depreciation and amortization	61,306	58,403
Total operating expenses	414,729	328,165
Operating (loss)	(225,194)	(57,423)
Other income/(expense):
Derivative liability gain/(loss)	8,972	133,463
Loss on Conversion of Notes Payable and accrued interest	(27,309)
Gain on Asset Disposition	15,674
Interest expense (including amortization of debt discounts of $0 and $62,500, respectively)		(66,118)
Total other income (expense)	(2,663)	67,345
Income (loss) from continuing operations	(227,857)	9,922
Discontinued operations (Note C)
Operations of DG Research Inc		(46,990)
Gain on sale of assets of DG Research Inc		26,388
Income (loss) from discontinued operations		(20,602)
Net (loss)	$ (227,857)	$ (10,680)
Net loss per common share – basic and diluted;
Net loss per common share - Continuing operations - basic	$ (0.0137)	$ (0.0012)
Net loss per common share - Continuing operations - diluted	(0.0137)	(0.0012)
Net loss per common share - Discontinued operations - basic	(0.0000)	(0.0000)
Net loss per common share - Discontinued operations - diluted	(0.0000)	(0.0000)
Net loss per common share - basic	(0.0137)	(0.0012)
Net loss per common share - diluted	$ (0.0137)	$ (0.0012)
Weighted-average number of common shares outstanding - Basic	16,590,012	8,814,613
Weighted-average number of common shares outstanding - Diluted	16,590,012	8,814,613

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
OPERATING ACTIVITIES:
Net income (loss) for the period	$ (227,857)	$ (10,680)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	61,306	68,729
Gain on sale of assets of DG Research Inc.		(26,388)
Gain on asset disposition	(15,674)
Provision for doubtful accounts	2,400	(51,087)
Amortization of debt discounts		62,500
Derivative liability (income) expense	(8,972)	(133,463)
Loss on conversion of notes	27,309
Changes in operating assets and liabilities:
Accounts receivable	18,031	562,320
Prepaid expenses and other current assets	(9,918)	(5,736)
Deposits		(8,257)
Accounts payable	19,282	(108,612)
Accrued expenses	41,500	3,261
Deferred compensation		(98,737)
Accrued interest		999
Net cash provided by (used in) operating activities	(92,593)	254,849
INVESTING ACTIVITIES:
Proceeds from sale of assets of DG Research Inc.		175,000
Proceeds from disposition of asset	15,674
Net cash provided in investing activities	15,674	175,000
FINANCING ACTIVITIES:
Repayment of secured notes and convertible notes payable		(550,000)
Increase (decrease) in other debt -net	(4,633)	(115,116)
Net cash provided by (used in) financing activities	(4,633)	(665,116)
NET INCREASE (DECREASE) IN CASH	(81,552)	(235,267)
CASH, BEGINNING OF PERIOD	72,842	318,441
CASH, END OF PERIOD	(8,710)	83,174
Supplemental disclosure of cash flow information
Interest		2,619
Income taxes
Issuance of common stock in satisfaction of debt:
Fair Value of Common Stock Issued	45,919
Notes Payable Satisfied	18,610
Accrued Interest Satisfied
Loss on conversions of notes payable	27,309
Right of use asset acquired January 1, 2024	$ 189,557	$ 259,237

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash		$ 72,842
Accounts receivable, net of allowance for doubtful accounts of $26,787 at March 31, 2025 and $24,387 at December 31, 2024	93,285	113,716
Prepaid expenses and other current assets	12,801	2,884
Total current assets	106,086	189,441
Property and equipment, net	20,194	23,959
Goodwill and Intangible assets, net	452,563	510,103
Right of use Asset	189,557	204,507
Deposits	8,457	8,457
Total other assets	670,771	747,025
Total assets	776,857	936,467
Current liabilities:
Bank Overdraft	8,710
Current portion of debt	543,579	443,907
Secured notes and convertible notes payable, net of debt discounts of $0 and $62,500 at March 31, 2025 and December 31, 2024, respectively	664,158	682,768
Current portion of operating lease liabilities	55,924	57,207
Accounts payable	2,912,133	2,901,424
Accrued expenses	221,975	276,207
Deferred compensation	256,129	256,129
Accrued interest	131,356	131,356
Customer deposits payable	62,986	62,986
Derivative liability	12,973	21,945
Total current liabilities	4,869,923	4,833,929
Long-term liabilities:
Long-term portion of debt
Long- term portion of operating lease liabilities	133,633	147,298
Total long-term liabilities	133,633	147,298
Total liabilities	5,003,556	4,981,227
STOCKHOLDERS’ DEFICIT
Common stock, $0.0001 and $0.0001 par value; 3,000,000,000 and 3,000,000,000 and shares authorized; 16,590,012 and 14,006,859 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively	1,659	1,401
Preferred Stock, $0.0001 and $0.0001 par value, $1 and $1 per share stated value, 5,000,000 and 5,000,000 shares authorized; 52,000 and 52,000 shares of Series B Convertible Preferred Stock issued and outstanding as of March 31, 2025 and December 31, 2024, respectively	52,000	52,000
Additional paid-in capital	10,021,666	9,976,006
Accumulated deficit	(14,302,024)	(14,074,167)
Total stockholders’ deficit	(4,226,699)	(4,044,760)
Total liabilities and stockholders’ deficit	$ 776,857	$ 936,467