Digital Donations Technologies, Inc.

CIK:0001644825|SEC Filings

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Gross Revenues
Payment processing income	$ 135,027	$ 137,620
Service fee income	8,315	4,016
Total Gross Revenues	143,342	141,636
Residuals and commissions	25,027	28,970
Net Revenues	118,315	112,666
Operating Expenses
Payroll expenses	151,993	166,659
Stock based compensation		154,433
Sales and marketing	59,459	122,970
Sales and marketing – related party	81,079
Professional fees	107,932	84,019
Software development costs		18,607
IT and software	43,009	54,230
Depreciation expense	4,474	2,378
Corporate and office	66,302	58,170
Total Operating Expenses	514,248	661,466
Operating Loss	(395,933)	(548,800)
Other Income and Expense
Other income	2,665	68
Interest expense	(8,602)	(2,567)
Total Other Income and Expense	(5,937)	(2,499)
Loss before income tax	(401,870)	(551,299)
Income taxes
Net Loss	$ (401,870)	$ (551,299)
Basic and Diluted
Loss Per Share	$ (0.00)	$ (0.01)
Weighted average shares outstanding	88,767,909	77,927,711
Pro Forma Information (Unaudited) [Member]
Operating Expenses
Operating Loss		$ (551,299)
Other Income and Expense
Income taxes		187,400
Net Loss		$ (363,899)
Basic and Diluted
Loss Per Share		$ (0.00)

Statement of Cash Flows - USD ($)	12 Months Ended
Statement of Cash Flows - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Operating Activities
Net loss	$ (401,870)	$ (551,299)
Adjustments to reconcile net loss to Net cash used in operating activities
Depreciation	4,474	2,378
Stock based compensation		154,433
Changes in operating assets and liabilities:
Accounts receivable	(625)	(11,337)
Accounts payable and accrued expenses	69,327	45,493
Net Cash Used in Operating Activities	(328,694)	(360,332)
Investing Activities
Purchases of equipment	(1,174)	(13,228)
(Advances to)/Repayments from Related Parties, net		(5,900)
Net Cash Used in Investing Activities	(1,174)	(19,128)
Financing Activities
Proceeds from short term borrowings	10,000	30,000
Repayment of short term debt	(4,190)
Proceeds from sale of common stock	307,000	325,000
Net Cash Provided by Financing Activities	312,810	355,000
Net Increase (Decrease) in Cash and Cash Equivalents	(17,058)	(24,460)
Cash and Cash Equivalents, beginning of year	23,620	48,080
Cash and Cash Equivalents, end of year	6,562	23,620
Cash paid for interest	2,302
Cash paid for income taxes

Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current Assets
Cash and cash equivalents	$ 6,562	$ 23,620
Accounts receivable - Trade	11,961	11,336
Total Current Assets	18,523	34,956
Fixed Assets
Equipment	14,402	13,228
Accumulated depreciation	(6,853)	(2,378)
Fixed Assets, net	7,549	10,850
Total Assets	26,072	45,806
Current Liabilities
Accounts payable	83,116	15,147
Accrued liabilities	76,789	75,432
Note Payable	35,810	30,000
Total Current Liabilities	195,715	120,579
Commitments and Contingencies
Stockholders' Deficit
Preferred Stock, $0.001 par value; 100,000,000 shares authorized at December 31, 2017 and 2016; 0 shares issued and outstanding as of December 31, 2017 and 2016.
Common Stock, $0.0001 par value; 300,000,000 shares authorized at December 31, 2017 and 2016; 90,202,698 and 86,614,766 shares issued, issuable and outstanding at December 31, 2017 and 2016, respectively	9,020	8,662
Additional paid-in capital	1,205,310	898,668
Accumulated deficit	(1,383,973)	(982,103)
Total Stockholders' Deficit	(169,643)	(74,773)
Total Liabilities and Stockholders' Deficit	$ 26,072	$ 45,806