Stem Cell Inc.

CIK:0001828613|SEC Filings

CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
CONDENSED STATEMENTS OF OPERATIONS (Unaudited)
REVENUES	$ 0	$ 0	$ 0	$ 0
Total	0	0	0	0
Operating Expenses:
General and administrative	2,625	3,350	9,672	8,934
Professional Fees	1,800	24,000	27,900	56,500
Total Expenses	4,425	27,350	37,572	65,434
Net Loss Before Tax	(4,425)	(27,350)	(37,572)	(65,434)
Interest Expense	810	600	2,010	600
Provision for Income Tax	0	0	0	0
Net Loss	$ (5,235)	$ (27,950)	$ (39,582)	$ (66,034)
Net loss per share - basic and fully diluted	$ (0.0003)	$ (0.0014)	$ (0.0020)	$ (0.0033)
Weighted average number of shares* outstanding:	20,155,300	20,155,300	20,155,300	20,155,300

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating activities:
Net Income	$ (39,582)	$ (66,034)
Adjustment to reconcile net loss to net cash provided by operations:
Common stock issued for services	22,500
Changes in assets and liabilities:
Security deposit	398	0
Account payable	0	0
Subscription Receivable		(45,000)
Accrued Interest Payable	2,010	0
Accrued liabilities	(400)	(2,000)
Provision for Income Tax	0	0
Net cash provided by operating activities	(15,074)	(113,034)
Investing activities:
Acquisition of Royalty Interests	0	0
Net cash provided by investing activities	0	0
Financing activities:
Issuance of Common Stock	0	90,000
Due to related party	2,200	0
Demand promissory note	7,000	20,000
Net cash provided by financing activities	9,200	110,000
Net increase in cash	(5,874)	(3,034)
Cash, beginning of period	7,299	11,603
Cash, end of period	1,425	8,569
Cash paid during the period
Taxes	0	0
Interest	2,010	600
Non-cash investing and financing activities:
Common stock issued for services	$ 0	$ 90,000

CONDENSED BALANCE SHEETS - USD ($)	Sep. 30, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash	$ 1,425	$ 7,299
TOTAL CURRENT ASSETS	1,425	7,299
NON CURRENT ASSETS
Deposit	0	398
TOTAL NON CURRENT ASSETS	0	398
TOTAL ASSETS	1,425	7,697
Current Liabilities:
Note Payable - Related Party	27,000	20,000
Loan - Related Party	2,200	0
Account Payable	4,000	4,000
Interest Payable	2,010	0
Accrued Liabilities	3,600	4,000
TOTAL LIABILITIES	38,810	28,000
COMMITMENTS AND CONTINGENCIES	0	0
Common Stock: authorized 180,000,000, $0.001 par value
Issued and outstanding shares : 20,155,300 at September 30, 2023 and 20,155,300 at Dec 31, 2022*	20,425	20,425
Additional Paid-in Capital	154,875	154,875
Subscription Receivable	0	(22,500)
Accumulated Deficit	(212,685)	(173,103)
Total Stockholders' Equity	(37,385)	(20,303)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,425	$ 7,697