$GSTK

Cyphaira Corp.

CIK:0001917993|SEC Filings

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Net revenue	$ 8,900	$ 6,000	$ 11,900	$ 16,000
Cost of goods sold	12,791		13,930
Gross Profit	(3,891)	6,000	(2,030)	16,000
Operating expenses
Selling, general and administration	94,686	66,711	195,691	78,085
Total operating expenses	94,686	66,711	195,691	78,085
Loss from operations	(98,577)	(60,711)	(197,721)	(62,085)
Other income (expenses), net
Other income	1,053	1,096	2,062	5,020
Interest expense	(4,567)	(185)	(6,391)	(213)
Total non-operating expenses	(3,514)	911	(4,329)	4,807
Income tax expense (benefit)
Net income (loss)	(102,091)	(59,800)	(202,050)	(57,278)
Preferred B Dividend
Preferred A Dividend
Net (loss) income attributable to non-controlling interest	(9,346)		(13,935)
Net (loss) income attributable to Growth Stalk stockholders	$ (92,745)	$ (59,800)	$ (188,115)	$ (57,278)
Net income (loss) per share, basic and diluted	$ (0.01)	$ 0.00	$ (0.02)	$ 0.00
Weighted-average shares outstanding, basic and diluted	16,970,000		10,028,011
Pro Forma (Unaudited)
Net income (loss) per share, basic and diluted	$ (0.01)	$ 0.00	$ (0.01)	$ 0.00
Weighted-average shares outstanding, basic and diluted	16,970,000	16,970,000	16,970,000	16,970,000

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOW FROM OPERATING ACTIVITIES
Net income (loss) (net of non-controlling interest)	$ (188,115)	$ (57,278)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	29,033	16,873
Changes in operating assets and liabilities:
Accounts receivable	131	1,787
Prepaid expenses	(10,833)
Related party payables	739	913,056
Accounts payable and accrued expenses	12,392	1,880
Net cash (used in) provided by operating activities	(156,653)	876,318
CASH FLOW FROM INVESTING ACTIVITIES
Purchases of property and equipment		(712,235)
Net cash used in investing activities		(712,235)
CASH FLOW FROM FINANCING ACTIVITIES
Borrowings on loans	224,450
Distributions	(4,600)	(66,160)
Net cash (used in) provided by financing activities	219,850	(66,160)
Change in cash	63,197	97,923
Cash—beginning of year	4,744	13,611
Cash—end of year	67,941	111,534
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid during the year for interest		28
Cash paid during the year for income taxes
Supplemental disclosure of noncash activities:
Preferred stock B issued in payment of related party debt	$ 805,000

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Current Assets:
Cash	$ 67,941	$ 4,744
Accounts receivable - net	2,369	2,500
Prepaid expenses	13,333	2,500
Related party note receivables	20,054	53,662
Total current assets	103,697	63,406
Related party note receivables - long term	111,011	154,044
Property and equipment, net	785,124	814,157
Total assets	999,832	1,031,607
Current Liabilities:
Accounts payable and accrued interest	27,085	5,139
Taxes payable
Related party payables		837,869
Notes payable	255,450	31,208
Total current liabilities	282,535	874,216
Related party payables - long term		43,033
Total liabilities	282,535	917,249
Stockholders’/Members’ Equity
Common stock; $0.0001 par value; 50,000,000 shares authorized, issued, and outstanding 16,970,000 shares	1,697
Owner contributions		429,035
Additional paid-in capital	933,329
Accumulated deficit	(188,115)	(314,677)
Total Stockholders’ / Members’ equity Growth Stalk	747,072	114,358
Noncontrolling deficit	(29,775)
Total Stockholders’ / Members’ Equity	717,297	114,358
Total liabilities and Stockholders’ / Members’ Equity	999,832	1,031,607
Series A Preferred Stock [Member]
Stockholders’/Members’ Equity
Preferred stock value
Series B Preferred Stock [Member]
Stockholders’/Members’ Equity
Preferred stock value	$ 161