$XESP
Electronic Servitor Publication Network, Inc.
CIK:0001709542|SEC Filings
STATEMENTS OF OPERATIONS (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Income Statement [Abstract] | ||||
| Revenue | $ 0 | $ 0 | $ 0 | $ 0 |
| Operating expenses: | ||||
| General and administrative | 9,147 | 27,211 | 11,636 | 51,242 |
| Professional fees | 47,083 | 66,330 | 350 | |
| Stock based compensation | 21,242 | 139,847 | 42,484 | 279,694 |
| Total operating expenses | 77,472 | 167,058 | 120,450 | 331,286 |
| Loss from operations | (77,472) | (167,058) | (120,450) | (331,286) |
| Other expense: | ||||
| Interest expense | (4,922) | (6,251) | (9,846) | (12,502) |
| Gain on forgiveness of debt | 0 | 0 | 62,852 | 0 |
| Other income | 0 | 0 | 21,345 | 0 |
| Total other expense | (4,922) | (6,251) | 74,351 | (12,502) |
| Loss before provision for income taxes | (82,394) | (173,309) | (46,099) | (343,788) |
| Provision for income taxes | 0 | 0 | 0 | 0 |
| Net loss | $ (82,394) | $ (173,309) | $ (46,099) | $ (343,788) |
| Loss per share, basic | $ (0.00) | $ (0.00) | $ (0.00) | $ (0.01) |
| Loss per share, diluted | $ (0.00) | $ (0.00) | $ (0.00) | $ (0.01) |
| Weighted average shares outstanding, basic | 53,528,001 | 53,224,704 | 53,528,001 | 53,179,131 |
| Weighted average shares outstanding, diluted | 53,528,001 | 53,224,704 | 53,528,001 | 53,179,131 |
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) |
6 Months Ended | |
|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Cash flows from operating activities: | ||
| Net loss | $ (46,099) | $ (343,788) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock based compensation | 42,484 | 279,694 |
| Common stock issued for services | 0 | 42,000 |
| Gain on forgiveness of debt | (62,852) | 0 |
| Changes in Operating Assets and Liabilities: | ||
| Accounts payable and accruals | 4,214 | 12,502 |
| Net cash used by operating activities | (62,253) | (9,592) |
| Cash flows from Investing activities: | 0 | 0 |
| Cash flows from Financing activities: | 0 | 0 |
| Net change in cash | (62,253) | (9,592) |
| Cash, beginning of period | 118,967 | 54,557 |
| Cash, end of period | 56,714 | 44,965 |
| Cash Paid For: | ||
| Cash paid for interest | 0 | 0 |
| Cash paid for income taxes | $ 0 | $ 0 |
BALANCE SHEETS - USD ($) |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash | $ 56,714 | $ 118,967 |
| Total assets | 56,714 | 118,967 |
| Current liabilities: | ||
| Accounts payable and accruals | 68,360 | 126,999 |
| Loans payable | 229,630 | 229,630 |
| Note payable | 2,500,000 | 2,500,000 |
| Due to a related party | 26,700 | 26,700 |
| Total current liabilities | 2,824,691 | 2,883,329 |
| Commitments and contingencies | ||
| Stockholders’ Deficit: | ||
| Preferred stock, value | 0 | 0 |
| Common Stock, $0.0001 par value, 100,000,000 shares authorized; 53,528,001 and 53,528,001 shares issued and outstanding, respectively. | 5,353 | 5,353 |
| Additional paid-in capital | 5,695,801 | 5,653,317 |
| Accumulated deficit | (8,469,131) | (8,423,032) |
| Total Stockholders’ deficit | (2,767,977) | (2,764,362) |
| Total Liabilities and Stockholders’ Deficit | 56,714 | 118,967 |
| Series A Preferred Stock [Member] | ||
| Stockholders’ Deficit: | ||
| Preferred stock, value | $ 0 | $ 0 |