CLEANGOAL ENERGY, CORP
CIK:0001672690|SEC Filings
Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | |
|---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
|
| Statements Of Operations | ||
| Revenue, net | ||
| Operating expenses | ||
| General and administrative (includes stock-based compensation of $325,000 and $0 for the periods ended March 31, 2017 and 2016, respectively) | 370,586 | 73,654 |
| Operating loss | (370,586) | (73,654) |
| Other income (expense) | ||
| Interest expense | (1,972) | (1,869) |
| Total other income (expense) | (1,972) | (1,869) |
| Net loss | $ (372,558) | $ (75,523) |
| Net loss per share - basic and diluted | $ (0.01) | $ (0.02) |
| Weighted average number of shares outstanding - basic and diluted | 25,150,833 | 3,635,330 |
Statements of Cash Flows (Unaudited) - USD ($) |
3 Months Ended | |
|---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
|
| Cash flows from operating activities: | ||
| Net loss | $ (372,558) | $ (75,523) |
| Adjustments to reconcile net loss to net cash used in operations: | ||
| Stock-based compensation | 325,000 | 0 |
| Changes in operating assets and liabilities: | ||
| Accounts payable | 702 | 1,500 |
| Accounts payable to related party | 35,500 | |
| Accrued expenses | 1,356 | 1,097 |
| Accrued expenses to related party | 616 | 18,773 |
| Net cash used in operating activities | (9,384) | (54,153) |
| Cash flows from financing activities: | ||
| Proceeds from the sale of common stock | 16,000 | 51,500 |
| Net cash provided by financing activities | 16,000 | 51,500 |
| Net decrease in cash | 6,616 | (2,653) |
| Cash at beginning of period | 2,344 | 32,831 |
| Cash at end of period | 8,960 | 30,178 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | ||
| Cash paid for taxes | ||
| Non-cash investing and financing activities: | ||
| Shares issued for the discharge of accrued wages | $ 78,000 | |
Balance Sheets (Unaudited) - USD ($) |
Mar. 31, 2017 |
Dec. 31, 2016 |
|---|---|---|
| Current assets | ||
| Cash | $ 8,960 | $ 2,344 |
| Total current assets | 8,960 | 2,344 |
| Total assets | 8,960 | 2,344 |
| Current liabilities | ||
| Notes payable | 55,000 | 55,000 |
| Notes payable to related party | 24,980 | 24,980 |
| Accounts payable | 4,496 | 3,794 |
| Accounts payable to related party | 77,400 | 41,900 |
| Accrued expenses | 10,832 | 9,476 |
| Accrued expenses to related party | 5,044 | 82,428 |
| Total current liabilities | 177,752 | 217,578 |
| Total liabilities | 177,752 | 217,578 |
| Commitments and contingencies | ||
| Stockholders' deficit | ||
| Common stock, $0.0001 par value, 100,000,000 shares authorized, 40,851,500 and 22,211,500 shares issued, issuable and outstanding, respectively | 4,085 | 2,221 |
| Additional paid-in capital | 970,165 | 553,029 |
| Accumulated deficit | (1,143,042) | (770,484) |
| Total stockholders' deficit | (168,792) | (215,234) |
| Total liabilities and stockholders' deficit | $ 8,960 | $ 2,344 |