Flameret : Financial Statements (Unaudited)

FLAMERET, INC.

CONDENSED FINANCIAL STATEMENTS - UNAUDITED

for the Three Months Ended

31 May 2022

Company formed in Nevada on 13 August 2009 (Registered ID NV20091134270) and moved its domicile to Wyoming on 29 November 2010 (Registered ID:2010-000593209)

FLAMERET, INC.

Balance Sheets

( Unaudited)

		May 31,			August 31,
		2022			2021			2021
ASSETS
INVESTMENTS
Investment in subsidiary company	$	500	$	500	$	500
CURRENT ASSETS
Cash	$	93	$	201	$	16
Prepaid expenses		2,145			2,145			2,145
Total Current Assets		2,238			2,346			2,161
TOTAL ASSETS		2,738			2,846			2,661
LIABILITIES AND STOCKHOLDERS' (DEFICIT)
CURRENT LIABILITIES
Accounts payable and accrued expenses	1,141,841			1,452,767	1,098,815
Accrued interest payable		214,386			196,550			201,009
Accrued salaries	1,686,651			1,556,651	1,656,651
Intra-Group balances		3,331			3,331			3,331
Common stock adjustment to actual market value - Bid	1,023,506			-	1,847,303
Notes payable - related parties		129,585			129,585			129,585
Notes payable - non-related parties		148,500			148,500			148,500
Total Current Liabilities	4,347,800			3,487,384		5,085,194
TOTAL LIABILITIES	4,347,800			3,487,384	5,085,194
STOCKHOLDERS' EQUITY (DEFICIT)
Series A Preferred stock, $0.0001 par value, 1,000,000 shares
authorized, 10 shares issued and outstanding.		1			1			1
Series B Preferred stock, $0.0001 par value, 10,000,000 shares
authorized, 2,135,000 issued and outstanding respectively.		214			214			214
Series C Preferred stock, $0.0001 par value, 10,000,000 shares
authorized, no shares issued and outstanding.		-			-			-
Series D Preferred stock, $0.0001 par value, 30,000,000 shares
authorized, no shares issued and outstanding.		-			-			-
Series E Preferred stock, $0.0001 par value, 30,000,000 shares
authorized, 1,945,614 and 1,822,914 shares issued and outstanding,
respectively.		195			195			195
Series F Preferred stock, $0.0001 par value, 10,000,000 shares
authorized, 500,000 shares issued and outstanding.		50			50			50
Common stock, $0.0001 par value, 500,000,000 shares authorized,		24,964			24,964			24,964
249,635,620 shares issued and outstanding.
Additional paid-in capital	5,375,485			6,398,991	4,551,688
Stock subscriptions receivable		(7,633)			(7,633)			(7,633)
Accumulated deficit during the development stage	(9,738,338)		(9,901,320)		(9,652,012)
Total Stockholders' Equity (Deficit)	(4,345,062)	(3,484,538)	(5,082,533)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
(DEFICIT)	$	2,738	$	2,846	$	2,661
The accompanying notes are an integral part of these financial statements.

FLAMERET, INC.

Condensed Statement of Operations

( Unaudited)

	For the Three Months Ended		For the Nine Months Ended	From Inception on
		May 31,				May 31,		August 13, 2009
						Through May 31,
		2022			2021			2022			2021
								2022
REVENUE		-			-			-			-	-
OPERATING EXPENSES
General and administrative expenses		9,783			22,662			71,449			37,138	2,140,799
Impairment of intangible assets		-			-			-			-	500,000
Professional fees		500			-			1,500			-	6,111,879
Total Operating Expenses		10,283			22,662			72,949			37,138	8,752,678
PROFIT/(LOSS) FROM OPERATIONS		(10,283)			(22,662)			(72,949)			(37,138)	(8,752,678)
OTHER INCOME (EXPENSES)
Gain on settlement of debt		-			-			-			-	(698,481)
Interest expense		(4,459)			(4,459)			(13,377)			(8,918)	(287,179)
Total Other Income (Expenses)		(4,459)			(4,459)			(13,377)			(8,918)	(985,660)
PROFIT/(LOSS) BEFORE INCOME TAXES		(14,742)			(27,121)			(86,326)			(46,056)	(9,738,338)
Provision for income taxes		-			-			-			-	-
NET PROFIT/(LOSS)		(14,742)			(27,121)			(86,326)			(46,056)	(9,738,338)
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustments		-			-			-			-	-
TOTAL COMPREHENSIVE PROFIT/(LOSS)	$	(14,742)	$	(27,121)	$	(86,326)	$	(46,056)	$ (9,738,338)
NET LOSS PER COMMON SHARE
$	-	$	-	$	-	$	-
- BASIC AND DILUTED

WEIGHTED AVERAGE NUMBER

OF COMMON SHARES

OUTSTANDING249,635,620 249,635,620 249,635,620 249,635,620 The accompanying notes are an integral part of these condensed financial statements.

FLAMERET, INC.

Condensed Statement of Cash Flows

( Unaudited)

		For the Period Ended		From Inception on
		May 31,			August 13, 2009
				Through May 31,
		2022			2021
						2022
CASH FLOWS FROM OPERATING
ACTIVITIES:
Net Profit/(Loss)	$	(86,326)	$	(73,177)	$	(9,738,338)
Adjustments to reconcile net Profit/(loss) to net used by operating
activities:
Expenses paid on behalf of the Company by a related party		-			-			497,592
Impairment of intangible assets		-			-			500,000
Gain (Loss) on settlement of debt		-			-			698,481
Related party notes payable issued/(redeemed)		-			-			366,660
Un-related party notes payable issued/(redeemed)		-			-			(34,150)
Amortization of expenses prepaid with common stock		-			-			44,307
Notes payable issued for services		-			-			142,600
Preferred stock issued for services		-			-			826,738
Common stock issued for services		-			-			3,541,611
Changes in operating assets and liabilities
Accounts receivable and prepaid expenses		-			-			798
Accounts payable and accrued expenses		86,403			73,009			3,046,054
Intra-Group balances		-			-			2,752
Net Cash Provided by Operating Activities		77			(168)			(104,895)
CASH FLOWS FROM FINANCING
ACTIVITIES:
Purchase of investment in subsidiary		-			-			(500)
Changes in related party payables		-			-			(43,662)
Proceeds from notes payable		-			-			34,150
Proceeds from subscriptions receivable		-			-			8,500
Changes in common stock		-			-			(1,786)
Contributed capital		-			-			2,500
Changes in preferred stock		-			-			105,786
Net Cash Used in Financing Activities		-			-			104,988
NET INCREASE (DECREASE) IN CASH		77			(168)			93
CASH AT BEGINNING OF PERIOD		16			369			-
CASH AT END OF PERIOD	$	93	$	201	$	93
SUPPLEMENTAL DISCLOSURES OF
CASH FLOW INFORMATION:
CASH PAID FOR:
Interest	$	-	$	-	$	17,901
NON CASH FINANCING ACTIVITIES:
Related party note payable issued for purchase of intangible asse		-			-			500,000
Preferred stock issued in conversion of debt		-			-			1,133,145
Common stock issued in conversion of debt		-			-			70,080
Common stock issued upon conversion of preferred stock		-			-			19,059
Common stock issued for prepaid services		-			-			47,250
Common stock issued for stock subscriptions receivable		-			-			7,633

The accompanying notes are an integral part of these condensed financial statements.

FLAMERET, INC.

Statement of Stockholders Equity

( Unaudited)

STATEMENT OF STOCKHOLDERS EQUITY (NOTE 4)

The following table summarizes changes in Company equity accounts during 2020 and 2021:

	Common	Preference	Additional Paid-in	Retained
	Capital &
	Stock	Stock A - F	Earnings
	Revaluation
Balance at September 1, 2021	24,964	460	4,551,688	(9,652,012)
Common Stock revaluation at Closing Bid prices			823,797
Net Deficit				(86,326)
Balance at May 31, 2022	24,964	460	5,375,485	(9,738,338)
Balance at September 1, 2020	24,964	460	6,174,319	(9,828,143)
Common Stock revaluation at Closing Bid prices			(1,622,631)
Net Deficit				(46,056)
Balance at August 31, 2021	24,964	460	4,551,688	(9,874,199)