Carefree : 6-30-2022 Financial Statements

CAREFREE GROUP INC.

CONDENSED FINANCIAL STATEMENTS (UNAUDITED) JUNE 30, 2022 AND 2021

CAREFREE GROUP INC.

CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

Management Internal Unaudited Financial Statements

Condensed Balance Sheets	1
Condensed Statements of Operations	2
Condensed Statements of Changes in Stockholders' Deficit	3
Condensed Statements of Cash Flows	4
Notes to Financial Statements	5-7

CAREFREE GROUP INC.

CONDENSED BALANCE SHEETS - UNAUDITED

ASSETS
		June 30,		December 31,
		2022		2021
CURRENT ASSETS
Cash	$	41,426	$	-
Loan Receivable		810,000		-
Prepaid Expense		37,500		-
		888,926		-
TOTAL ASSETS	$	888,926	$	-
LIABILITIES AND MEMBERS' EQUITY (DEFICIENCY)
CURRENT LIABITIES
Accounts Payable	$	-	$	20,138
Lien Payable		225,000		250,000
Loans from Shareholder		-		8,811
Liability for Stock to be Issued		-		-
Total current liabilities
	225,000		278,949
Preferred Stock A $.0001 par value; 10,000,000 shares authorized at June 30, 2022 and December 31,
2021; 1,000,000 and zero issued and outstanding respectively.		100		100
Common Stock A $.00001 par value; 200,000,000 shares authorized at June 30, 2022 and December 31,
2021; 168,997,408 and 164,397,408 shares issued and outstanding, respectively.		1,690		1,644
Additional Paid in Capital		1,136,107		54,781
Accumulated deficit		(473,971)		(335,474)
Total Stockholders' Equity (Deficit)
	663,926		(278,949)
TOTAL LIABILITIES AND MEMBERS' EQUITY (DEFICIENCY)	$	888,926	$	-

The accompanying notes are an integral part of these financial statements

1

CAREFREE GROUP INC.

CONDENSED STATEMENTS OF OPERATIONS - UNAUDITED

FOR THE THREE MONTHS ENDED MARCH 31,

		FOR THE SIX MONTHS ENDED		FOR THE THREE MONTHS
		JUNE 30,			ENDED JUNE 30,
		2022			2021		2022		2021
REVENUE	$	-	$		-	$	-	$	-
OPERATING EXPENSES
General and administrative expenses		154,909			4,638		108,854		2,319
Total Operating Expenses		154,909			4,638		108,854		2,319
Other Income		16,412			-		-		-
NET LOSS	$	(138,497)	$		(4,638)	$	(108,854)	$	(2,319)
NET LOSS PER BASIC SHARES	$	(0.00)	$		(0.00)	$	(0.00)	$	(0.00)
WEIGHTED AVERAGE NUMBER OF BASIC SHARES OUTSTANDING		167,701,804			39,397,408		330,666,273		39,397,408

The accompanying notes are an integral part of these financial statements

2

CAREFREE GROUP INC.

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT ) - UNAUDITED

FOR THE PERIOD ENDED JUNE 30,

	Preferred Stock		Common Stock		Additional
									Paid-in		Retained
	Shares	$	Amount		Shares		Amount		Capital		Earnings		Total
Balance at December 31, 2018	-	-		39,397,408		394		39,003		(287,416)		(248,019)
Net loss											(9,275)		(9,275)
Balance, December 31, 2019
	-		-		39,397,408		394		39,003		(296,691)		(257,294)
Net loss											(9,275)		(9,275)
Balance at December 31, 2020		$				$		$		$		$
-	-	39,397,408	394	39,003	(305,966)	(266,569)
Issued 1,000,000 shares of preferred stock to Founder	1,000,000		100						(100)		-		-
Issued 125,000,000 shares of common stock to Founder				125,000,000		1,250		(1,250)		-		-
Shareholders contribution									17,128				17,128
Net loss											(29,508)		(29,508)
Balance at December 31, 2021		$				$		$		$		$
1,000,000	100	164,397,408	1,644	54,781	(335,474)	(278,949)
Proceeds from issued stock				4,600,000		46		1,149,954				1,150,000
													-
Distribution									(68,628)				(68,628)
Net loss											(138,497)		(138,497)
Balance at June 30, 2022		$				$		$		$		$
1,000,000	100	168,997,408	1,690	1,136,107	(473,971)	663,926

The accompanying notes are an integral part of these financial statements

3