Cosmos Group Holdings Inc.

CIK:0001706509|SEC Filings

Unaudited Condensed Consolidated Statements of Operations And Comprehensive Loss - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Income Statement [Abstract]
Revenues, net	$ 19,281
Cost of revenue	(11,568)
Gross profit	7,713
Operating expenses:
Sales and marketing		(200)
Technology and support expenses	(3,081)
General and administrative expenses	(55,780)	(143,522)
Total operating expenses	(58,861)	(143,722)
LOSS FROM OPERATION	(51,148)	(143,722)
Other expense:
Convertible notes interest expense		(4,970)
Total other expense, net		(4,970)
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(51,148)	(148,692)
Income tax expense
LOSS FROM CONTINUING OPERATIONS	(51,148)	(148,692)
DISCONTINUED OPERATIONS:
Loss from discontinued operations, net of income taxes		(902,346)
NET LOSS	(51,148)	(1,051,038)
Net loss attributable to noncontrolling interest		(10,848)
Net loss attributable to common shareholders	(51,148)	(1,040,190)
Other comprehensive income (loss):
Foreign currency adjustment income (loss)	18,751	(26,418)
COMPREHENSIVE LOSS	$ (32,397)	$ (1,066,608)
Net loss per share – Basic (in Dollars per share)	$ 0	$ 0
Net loss per share – Diluted (in Dollars per share)	$ 0	$ 0
Weighted average common shares outstanding:
Basic (in Shares)	4,585,963,082	2,230,889,137
Diluted (in Shares)	4,585,963,082	2,230,889,137

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities:
Net loss	$ (51,148)	$ (1,051,038)
Less: net loss from discontinued operations		(902,346)
Net loss from continuing operations	(51,148)	(148,692)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation of plant and equipment		166
Shares issued for services rendered		658,000
Change in operating assets and liabilities:
Accounts receivable		57,468
Prepayments and other receivables		25
Accounts payable		(7,598)
Accrued liabilities and other payables	45,817	61,226
Accrued consulting and service fee	(63,000)
Net cash (used in) provided by operating activities – Continuing operations	(68,331)	620,595
Net cash used in activities – Discontinued operations		(665,986)
Net cash used in operating activities	(68,331)	(45,391)
Cash flows from financing activities:
Advance from related parties	29,739	66,357
Net cash provided by financing activities – Continuing operations	29,739	66,357
Net cash used in financing activities – Discontinued operations		(5,251)
Net cash provided by financing activities	29,739	61,106
Foreign currency translation adjustment	18,751	(26,337)
Net change in cash and cash equivalents	(19,841)	(10,622)
BEGINNING OF PERIOD	43,344	39,590
END OF PERIOD	23,503	28,968
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for income taxes
Cash paid for interest

Unaudited Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 23,503	$ 43,344
Total current assets	23,503	43,344
TOTAL ASSETS	23,503	43,344
Current liabilities:
Accounts payable	66,710	66,710
Accrued liabilities and other payables	120,140	74,319
Accrued consulting and service fee	159,000	222,000
Promissory notes payable	39,053,735	39,053,735
Total current liabilities	41,284,946	41,272,390
TOTAL LIABILITIES	41,284,946	41,272,390
Commitments and contingencies
STOCKHOLDERS’ DEFICIT
Common stock, $0.001 par value; 5,000,000,000 shares authorized; 4,585,963,082 issued and outstanding as of March 31, 2025 and December 31, 2024	4,585,963	4,585,963
Additional paid-in capital	154,942,734	154,942,734
Accumulated other comprehensive income (loss)	16,602	(2,149)
Accumulated deficit	(200,806,742)	(200,755,594)
Stockholders’ deficit	(41,261,443)	(41,229,046)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	23,503	43,344
Related Party
Current liabilities:
Amounts due to related parties	$ 1,885,361	$ 1,855,626