Merger Mines Corporation
Financial Statements (Unaudited)
For the Quarters Ending
June 30, 2022 and June 30, 2021
Notice
The accompanying unaudited financial statements of Merger Mines Corporation, for the Quarters Ending June 30, 2022, and June 30, 2021 have been prepared by management and approved by the Board of Directors of the Company.
These financial statements have not been reviewed or audited by external accountants.
/s/Lex Smith
Lex Smith
President
Merger Mines Corporation
Index to Financial Statements
Balance Sheet
As of June 30, 2022, and June 30, 2021
Statement of Operations for the:
Quarter Ending June 30, 2022, and June 30, 2021 Statement of Cash Flows for the:
Quarter Ending June 30, 2022, and June 30, 2021 Statement of Changes in Shareholders Equity
For the Period January 1, 2022, thru June 30, 2022 Notes to the Financial Statements
Merger Mines Corporation
Comparative Balance Sheet
As of June 30, 2022, and June 30, 2021
June 30, | June 30, | ||
2022 | 2021 | ||
Assets | |||
Current Assets | |||
Cash and Cash Equivalents | 29,724 | 1,692 | |
Accounts Receivable | 0 | 0 | |
Total Current Assets | 29,724 | 1,692 | |
Other Assets | |||
Mining Claims | ` | ` | |
Investments | 165,000 | 67,986 | |
Notes Receivable | 0 | 0 | |
Total Other Assets | 165,000 | 67,986 | |
Total Assets | 194,724 | 69,678 | |
Liabilities and Equity | |||
Current Liabilities | |||
Accounts Payable | 22,138 | 61,227 | |
PPP Loan | 15,750 | ||
Advances Payable | 710,990 | ||
Total Current Liabilities | 22,138 | 787,967 | |
Long Term Liabilities | |||
None | |||
Total Liabilities | 22,138 | 787,967 | |
Equity | |||
Common Stock | 130,198 | 55,198 | |
9,500,000 shares authorized and 1,301,981 shares issued | |||
at June 30, 2022 and 551,981 shares issued at June 30, 2021 | |||
Additional Paid in Capital | 2,178,617 | 1,544,727 | |
Retained Earnings | (2,136,144) | (1,940,084) | |
Other Comprehensive Income | 0 | (378,045) | |
Treasury Stock | (85) | (85) | |
Total Equity | 172,586 | (718,289) | |
Total Liabilities and Equity | 194,724 | 69,678 | |
Merger Mines Corporation
Comparative Income Statement
For the Six Months Ended June 30, 2022, and June 30, 2021
June 30, 2022 | June 30, 2021 | ||
Gross Income | |||
Rents | |||
Misc Income | 0 | 0 | |
Interest/Dividends | |||
Total Income | 0 | 0 | |
Operating Expenses | |||
Professional Fees | 800 | 50,027 | |
Taxes | 60 | 90 | |
Property Related Expenses | 50 | 5,192 | |
Fees - Listing, Claim, Etc | 3,500 | 6,542 | |
Acquisition Research and Development | 0 | ||
Administrative Expenses | 1,040 | 11,806 | |
Total Operating Expenses | 5,450 | 73,657 | |
Net Profit (Loss) from operations | (5,450) | (73,657) | |
Non Operating | |||
Other Income | 15,750 | 3,000 | |
Realized Gain (Loss) | (281,031) | 3,866 | |
Net Non Operating Profit (Loss) | (265,281) | 6,866 | |
Total Net Profit (Loss) | (270,731) | (66,791) | |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Merger Mines Corporation published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 05:03:03 UTC.