UNITED CAPITAL CONSULTANTS INC.
CIK:0001693696|SEC Filings
CONDENSED STATEMENTS OF OPERATIONS - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2022 |
Sep. 30, 2021 |
Sep. 30, 2022 |
Sep. 30, 2021 |
|
| Details | ||||
| Revenues | $ 0 | $ 0 | $ 0 | $ 0 |
| Operating expenses | ||||
| General and administrative | 10,370 | 11,553 | 25,510 | 39,953 |
| Total operating expenses | 10,370 | 11,553 | 25,510 | 39,953 |
| Operating loss | (10,370) | (11,553) | (25,510) | (39,953) |
| Loss before taxes | (10,370) | (11,553) | (25,510) | (39,953) |
| Income tax expense | 0 | 0 | 0 | 0 |
| Net income (loss) | $ (10,370) | $ (11,553) | $ (25,510) | $ (39,953) |
| Loss per share - basic and diluted | $ (0.00) | $ (0.00) | $ (0.01) | $ (0.01) |
| Weighted average shares - basic and diluted | 4,527,939 | 4,503,782 | 4,515,910 | 4,502,401 |
CONDENSED STATEMENTS OF CASH FLOWS - USD ($) |
9 Months Ended | |
|---|---|---|
Sep. 30, 2022 |
Sep. 30, 2021 |
|
| OPERATING ACTIVITIES | ||
| Net income (loss) | $ (25,510) | $ (39,953) |
| Changes in operating assets and liabilities | ||
| Increase in deposits - related party | (10,000) | |
| Increase (decrease) in accrued liabilities | (15,000) | 15,000 |
| Net cash used in operating activities | (50,510) | (24,953) |
| INVESTING ACTIVITIES | ||
| Payments for purchase of investments | (50,000) | 0 |
| Net cash used in investing activities | (50,000) | 0 |
| FINANCING ACTIVITIES | ||
| Proceeds from sale of common stock | 100,000 | 25,500 |
| Net cash provided by financing activities | 100,000 | 25,500 |
| Net change in cash during the period | (510) | 547 |
| Cash, beginning of period | 761 | 1,668 |
| Cash, end of period | 251 | 2,215 |
| Supplemental Cash Flow Disclosures | ||
| Cash paid for interest | 0 | 0 |
| Cash paid for income taxes | 0 | 0 |
| Schedule of Non-Cash Investing and Financing Activities | ||
| Purchase of Investments with Common Stock | $ 95,000 | $ 0 |
CONDENSED BALANCE SHEETS - USD ($) |
Sep. 30, 2022 |
Dec. 31, 2021 |
|---|---|---|
| Current assets | ||
| Cash | $ 251 | $ 761 |
| Total current assets | 251 | 761 |
| Deposits - related party | 75,000 | 65,000 |
| Investments | 145,000 | 0 |
| Total assets | 220,251 | 65,761 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Accrued liabilities | 35,000 | 50,000 |
| Total liabilities | 35,000 | 50,000 |
| Stockholders' equity | ||
| Preferred stock value | 0 | 0 |
| Common stock value | 455 | 451 |
| Additional paid-in capital | 559,759 | 364,763 |
| Accumulated deficit | (374,963) | (349,453) |
| Total stockholders' equity | 185,251 | 15,761 |
| Total liabilities and stockholders' equity | $ 220,251 | $ 65,761 |