Agora Holdings, Inc.

CIK:0001680966|SEC Filings

Consolidated Statements of Operations and Other Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
Net revenue		$ 2,667	$ 178	$ 2,667
Related party revenue	5,708	5,511	17,394	14,460
Gross profit	5,708	8,178	17,572	17,127
Operating Expenses
Programming costs	5,500	5,751	18,103	19,673
Management fees		18,000	12,000	54,000
Professional fees	11,650	8,250	32,355	29,550
Salaries and consulting fees	85,000		6,565,000	750,000
General and administrative expenses	46,313	13,825	67,253	28,263
Total operating expenses	148,463	45,826	6,694,711	881,486
Income (loss) from operations	(142,755)	(37,648)	(6,677,139)	(864,359)
Interest expenses		(7,559)	(102,224)	(64,917)
Net (loss)	$ (142,755)	$ (45,207)	$ (6,779,363)	$ (929,276)
Net loss per share - basic and diluted	$ (0.00)	$ (0.00)	$ (0.17)	$ (0.08)
Weighted average shares outstanding - basic and diluted	49,207,887	12,123,152	41,026,033	12,123,152
Comprehensive Income (Loss):
Net income (loss)	$ (142,755)	$ (45,207)	$ (6,779,363)	$ (929,276)
Effect of foreign currency translation	(1,125)	(1,360)	1,144	(2,278)
Comprehensive Loss	$ (143,880)	$ (46,567)	$ (6,778,219)	$ (931,554)

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from Operating Activities
Net income (loss)	$ (6,779,363)	$ (929,276)
Adjustments to reconcile net loss to net cash used in operations:
Amortization of debt discount	52,312	46,671
Shares issued as interest expense	49,678
Shares issued for salaries and consulting fees	6,480,000	750,000
Changes in operating assets and liabilities:
Accounts receivable	1	434
Accounts payable and accrued liabilities	14,021	4,316
Due to related party	183,847	35,898
Net cash provided by (used in) operating activities	496	(91,957)
Cash flows from Investing Activities
Net cash provided by investing activities
Cash flows from Financing Activities
Proceeds from convertible notes		86,582
Net cash provided by financing activities		86,582
Effects of exchange rates on cash	(325)	193
Increase (decrease) in cash during the period	171	(5,182)
Cash, beginning of period	(105)	6,795
Cash, end of period	66	1,613
Supplemental disclosure of cash flow information:
Interest
Income taxes
Supplemental disclosure of non-cash flow in financing activities:
Debt principal converted to shares	60,119
Accrued interest converted to shares	$ 9,151

Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Current
Cash	$ 66
Accounts receivable	7,257	7,258
Prepaid expenses
Total Current Assets	7,323	7,258
Total Assets	7,323	7,258
Current
Accounts payable and accrued liabilities	45,596	24,548
Bank overdraft		105
Other payables	10,197	8,902
Due to related party	232,907	68,002
Convertible notes - related party, net		7,807
Total Current Liabilities	288,700	109,364
Total Liabilities	288,700	109,364
STOCKHOLDERS' DEFICIT
Preferred Stock, $0.10 par value; authorized: 100,000,000, no shares issued and outstanding as of September 30, 2018 and December 31, 2017
Common Stock, $0.001par value; authorized: 500,000,000 shares, 49,207,887 and 20,898,152 shares issued and outstanding as of September 30, 2018 and December 31, 2017	49,208	20,898
Additional Paid-in Capital	8,599,544	2,028,906
Accumulated other comprehensive income (loss)	1,316	172
Accumulated income (deficit)	(8,931,445)	(2,152,082)
Total Stockholders' Deficit	(281,377)	(102,106)
Total Liabilities and Stockholders' Deficit	$ 7,323	$ 7,258