Yumba Records Storage, Inc.
CIK:0001750398|SEC Filings
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
May 31, 2021 |
May 31, 2020 |
May 31, 2021 |
May 31, 2020 |
|
| Revenue | ||||
| Revenue - related parties | $ 391 | $ 1,320 | $ 2,836 | $ 1,739 |
| Expenses | ||||
| General and administrative | 894 | 989 | 3,501 | 9,669 |
| Professional fees | 1,750 | 1,750 | 8,000 | 11,488 |
| Rent | 319 | 477 | 971 | 477 |
| Total expenses | 2,963 | 3,216 | 12,472 | 21,634 |
| Loss from operations | (2,572) | (1,896) | (9,636) | (19,895) |
| Other expenses | ||||
| Interest expense | (182) | (173) | (541) | (514) |
| Loss before provision for income tax | (2,754) | (2,069) | (10,177) | (20,409) |
| Provision for income tax | 0 | 0 | 0 | 0 |
| Net loss | (2,754) | (2,069) | (10,177) | (20,409) |
| Other comprehensive loss | ||||
| Foreign currency translation | 53 | (79) | (129) | (147) |
| Net comprehensive loss | $ (2,701) | $ (2,148) | $ (10,306) | $ (20,556) |
| Net loss per share - basic and diluted | $ (0.00) | $ (0.00) | $ (0.00) | $ (0.00) |
| Weighted average shares outstanding - basic and diluted | 10,200,000 | 11,000,000 | 10,264,469 | 10,833,285 |
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) |
9 Months Ended | |
|---|---|---|
May 31, 2021 |
May 31, 2020 |
|
| Cash flows from operating activities | ||
| Net loss | $ (10,177) | $ (20,409) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Amortization of debt discount | 541 | 514 |
| Change in operating assets and liabilities | ||
| Prepaid expenses | (497) | (476) |
| Accounts payables and accrued liabilities | 0 | 200 |
| Unearned revenue | 1,242 | 0 |
| Due to related parties | 1,000 | (2,240) |
| Net cash used in operating activities | (7,891) | (22,411) |
| Cash flows from financing activities | ||
| Re-purchase of common stock for cash | (7,760) | 0 |
| Proceeds from sale of common shares for cash | 0 | 50,000 |
| Net cash provided by financing activities | (7,760) | 50,000 |
| Effect of exchange rate changes on cash | (129) | (147) |
| Change in cash | (15,780) | 27,442 |
| Cash - beginning of period | 25,242 | 408 |
| Cash - end of period | 9,462 | 27,850 |
| Cash paid for: | ||
| Interest | 0 | 0 |
| Income tax | $ 0 | $ 0 |