Regnum Corp.
CIK:0001716324|SEC Filings
CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) |
3 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) | ||
| REVENUES | $ 0 | $ 0 |
| COST OF SALES | 0 | 0 |
| GROSS PROFIT | 0 | 0 |
| OPERATING EXPENSES | ||
| Legal and professional fees | 51,530 | 95,097 |
| General and administrative | 127,794 | 182,505 |
| Total Operating Expenses | 179,324 | 277,602 |
| INCOME (LOSS) FROM OPERATIONS | (179,324) | (277,602) |
| OTHER INCOME (EXPENSES) | (11,096) | 0 |
| INCOME (LOSS) BEFORE TAXES | (190,420) | (277,602) |
| INCOME TAX EXPENSE | 0 | 0 |
| NET INCOME (LOSS) | $ (190,420) | $ (277,602) |
| BASIC AND DILUTED INCOME PER COMMON SHARE | $ (0.01) | $ (0.01) |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | 22,950,000 | 22,950,000 |
CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITD) - USD ($) |
3 Months Ended | |
|---|---|---|
Mar. 31, 2023 |
Mar. 31, 2022 |
|
| OPERATING ACTIVITIES | ||
| Net (loss) income | $ (190,420) | $ (277,602) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Intercompany interest expense | 11,096 | 11,096 |
| Accounts Receivable | 0 | 0 |
| Prepaids | (48,093) | 0 |
| Accounts Payable | 6,320 | (2,000) |
| Accrued Expenses | (109,678) | (1,564) |
| Accounts Payable - Related Party | (85,909) | 181,758 |
| Net Cash Used In Operating Activities | (320,498) | (88,312) |
| INVESTING ACTIVITIES | ||
| Net Cash provided by (used in) Investing Activities | 0 | 0 |
| FINANCING ACTIVITIES | ||
| Net Cash provided by (used In) Financing Activities | 0 | 0 |
| NET (DECREASE) INCREASE IN CASH | (320,498) | (88,312) |
| CASH AT BEGINNING OF PERIOD | 782,872 | 1,488,419 |
| CASH AT END OF PERIOD | $ 462,374 | $ 1,400,107 |
CONDENSED BALANCE SHEETS - USD ($) |
Mar. 31, 2023 |
Dec. 31, 2022 |
|---|---|---|
| CURRENT ASSETS | ||
| Cash | $ 462,374 | $ 782,872 |
| Prepaid Assets | 33,712 | 81,805 |
| Total Current Assets | 496,086 | 864,677 |
| TOTAL ASSETS | 496,086 | 864,677 |
| CURRENT LIABILITIES | ||
| Accounts Payable | 9,272 | 2,952 |
| Accrued Expenses | 62,540 | 172,218 |
| Accrued Taxes Payable | 800 | 800 |
| Accounts Payable - Related Party | 208,029 | 293,938 |
| Promissory Note | 1,566,575 | 1,555,479 |
| Total Current Liabilities | 1,847,216 | 2,025,387 |
| TOTAL LIABILITIES | 1,847,216 | 2,025,387 |
| STOCKHOLDERS' EQUITY | ||
| Common stock: $0.001 par value, 80,000,000 shares authorized, 22,950,000 Shares issued and outstanding | 22,950 | 22,950 |
| Additional paid-in capital | 18,550 | 18,550 |
| Retained earnings | (1,392,630) | (1,202,210) |
| Total Stockholders' Equity | (1,351,130) | (1,160,710) |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 496,086 | $ 864,677 |