Rival Technologies : Interim Financial Report

RIVAL TECHNOLOGIES INC.

UNAUDITED FINANCIAL STATEMENTS

For the Year Ended December 31, 2021 and 2020

(Expressed in USD Dollars)

Statement of Financial Position (Expressed in Canadian Dollars)

December 31, 2021

December 31, 2020

Assets

Current assets

Cash and cash equivalent Prepaid expenses and deposits

$

106,908 6,694

$

291 -

Total Assets

Liabilities and Shareholder's Deficit

Current liabilities

Accounts payable and accrued liabilities Due to related party (Note 6)Shareholder's deficitCommon stock, 200,000,000 shares authorized, with par value $0.001, 47,532,854 and 46,282,854 shares issued and outstanding Share issuance surplus

Accumulated deficit Total shareholder's deficit

113,602

3,100 1,103,472

291

11,300 1,085,880

1,106,572 1,097,180

10,797,847 11,043,206

1,012,122 (12,802,939)

516,763 (12,656,858)

(992,970)

(1,096,889

Total liabilities and shareholder's deficit

Nature and Continuance of Operations (Note 1)

Subsequent Events (Note 11)

On behalf of the Board of Directors:

Director (signed by) "Perry Guglielmi"

113,602

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

291

Unaudited Statement of Operations and Comprehensive Loss (Expressed in USD Dollars)

December 31, 2021
$
Expenses
Bank charges	552	3
Legal fess	6,549	127
Accounting fees	22,252	1,750
General & Admin	268	152
Registration & filing fees	10,460	9,050
(146,081)	(11,082)
Loss and comprehensive loss	(146,081)	(11,082)
Loss per common shares - basic and diluted	(0.00)	(0.00)
Weighted average number of common shares outstanding	46,687,266	46,282,854

December 31, 2020

$

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

Unaudited Statement of Changes in Shareholder's Deficit (Expressed in USD Dollars)

Number of	Share Capital	Contributed	Accumulated	Total
Shares	surplus	Deficit
$	$	$	$
Balance, December 31, 2019	46,282,854	11,043,206	516,763	(12,645,776)	(1,085,807
Net loss	-	-	-	(11,082)	(11,082)
Balance, December 31, 2020	46,282,854	11,043,206	516,763	(12,656,858)	(1,096,889)
Share issuance for cash at $0.20 per share	1,250,000	1,250	248,750	-	250,000
Net measurement of warrants granted	(246,609)	246,609	-
Net loss	-	-	-	(146,081)	(146,081)
Balance, December 31, 2021	47,532,854	10,797,847	1,012,122	(12,802,939)	(992,969)

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

Unaudited Statements of Cash Flows (Expressed in USD Dollars)

Year Ended	Year Ended
December 31, 2021	December 31, 2020
$	$
Cash flows used in Operating Activities
Net loss for the period	(146,081)	(11,082)
Changes in non-cash operating working capital:
Prepaid and deposit	(6,694)	407
Accounts payable and accrued liabilities	1,300	-
Net cash used in operating activities	(151,475)	218
Cash flows used in Investing Activities
Acquisitions of exploration and evaluation assets
Net cash used in investing activities
Cash flows from financing activities
Net proceeds from a private placement	250,000	-
Proceeds from a related party	8,092	(5)
258,092	(5)
Net cash provided by financing activities
Increase in cash during the period	106,617	213
Cash, beginning of period	291	78
Cash, end of period	106,908	291

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