/////
Bloomsmore Group Ltd
FORMERLY Tarsier Ltd
CONSOLIDATED FINANCIAL STATEMENTS
For the Six Months Ended
November 30, 2021
(UNAUDITED)
BLOOMSMORE GROUP LTD (FORMERLY TARSIER LTD)
FOR THE SIX MONTHS ENDED NOVEMBER 30, 2021 | |
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS | |
Financial Statements | |
Consolidated Balance Sheets (Unaudited) at November 30, 2021 and May 31, 2021 | F-1 |
Consolidated Statements of Operations (Unaudited) for the three and six months ended November 30, 2021 and 2020 | F-2 |
Consolidated Statements of Stockholders' Deficit (Unaudited) for the three months ended November 30, 2021 | F-3 |
Consolidated Statements of Stockholders' Deficit (Unaudited) for the six months ended November 30, 2021 | F-4 |
Consolidated Statements of Stockholders' Deficit (Unaudited) for the three months ended November 30, 2020 | F-5 |
Consolidated Statements of Stockholders' Deficit (Unaudited) for the six months ended November 30, 2020 | F-6 |
Consolidated Statements of Cash Flows (Unaudited) for the six months ended November 30, 2021 and 2020 | F-7 |
Notes to Unaudited Consolidated Financial Statements | F-8 |
-1-
BLOOMSMORE GROUP LTD (FORMERLY TARSIER LTD)
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
November 30, | May 31, | ||||
2021 | 2021 | ||||
ASSETS | |||||
Cash | $ | 81 | $ | 0 | |
Total assets | $ | 81 | $ | 0 | |
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | |||||
Current liabilities | |||||
Accrued interest | $ | 814,921 | $ | 738,596 | |
Convertible notes payable | 465,388 | 438,890 | |||
Notes payable | 259,500 | 259,500 | |||
Related party advances | 114,665 | 109,545 | |||
Derivative liability | 1,214,633 | 6,038,786 | |||
Total liabilities | 2,869,107 | 7,585,317 | |||
Commitments and contingencies (Note 5) | |||||
Stockholder's equity (deficit) | |||||
Preferred stock, $0.001 par value, 10,000,000 shares authorized; | |||||
Series C: 100,000 and 50,000 issued and outstanding as of November 30, | |||||
2021 and May 31, 2021, respectively | 50 | 100 | |||
Common stock, $0.001 par value; 150,000,000 shares authorized; 110,719,237 | |||||
and 63,219,000 issued and outstanding as of November 30, 2021 and May 31, | |||||
2021, respectively | 110,719 | 63,219 | |||
Common stock to be issued | 5,300 | 5,300 | |||
Additional paid in capital | 8,939,336 | 8,986,786 | |||
Accumulated deficit | (11,924,431) | (16,640,722) | |||
Total stockholders' equity (deficit) | (2,869,026) | (7,585,317) | |||
Total liabilities and stockholders' equity (deficit) | $ | 81 | $ | 0 | |
The accompanying notes are an integral part of these unaudited financial statements
F-1
BLOOMSMORE GROUP LTD (FORMERLY TARSIER LTD)
STATEMENTS OF OPERATIONS
(UNAUDITED)
For the three months ended | For the six months ended | |||||||||||
November 30, | November 30, | |||||||||||
2021 | 2020 | 2021 | 2020 | |||||||||
Revenues | $ | - | $ | - | $ | - | $ | - | ||||
Operating expenses: | ||||||||||||
Personnel expenses | 15,000 | - | 30,000 | - | ||||||||
General & administrative expenses | 5,909 | - | 23,039 | - | ||||||||
Professional fees | - | - | 2,000 | - | ||||||||
Total operating expenses | 20,909 | - | 55,039 | - | ||||||||
Net operating loss | (20,909) | - | (55,039) | - | ||||||||
Other income (expense): | ||||||||||||
Interest expense | (38,372) | (37,954) | (76,325) | (61,679) | ||||||||
Amortization of debt discount | (14,197) | - | (15,669) | - | ||||||||
Change in fair value of derivative liabilities | 1,045,238 | (2,514,276) | 4,863,324 | (2,412,831) | ||||||||
Total other income (expense) | 992,669 | (2,552,230) | 4,771,330 | (2,474,510) | ||||||||
Net income (loss) | $ | 971,760 | $ | (2,552,230) | $ | 4,716,291 | $ | (2,474,510) | ||||
Basic and diluted loss per share | $ | 0.00 | $ | (0.00) | $ | 0.00 | $ | (0.00) | ||||
Weighted average number of shares outstanding, basic and diluted | 110,719,237 | 63,219,237 | 89,318,138 | 63,219,237 | ||||||||
The accompanying notes are an integral part of these unaudited financial statements
F-2
BLOOMSMORE GROUP LTD
(FORMERLY TARSIER LTD)
STATEMENTS OF STOCKHOLDERS' DEFICIT
FOR THE SIX MONTHS ENDED NOVEMBER 30, 2021
(UNAUDITED)
Series C | |||||||||||
Preferred Stock | Common Stock | Common Stock | Additional Paid-In | ||||||||
Shares | Amount | Shares | Amount | To Be Issued | Capital |
Accumulated | |
Deficit | Total |
Balance, June 1, 2021 | 100,000 | $ | 100 |
Conversion of Series C | ||||
Preferred stock to common | ||||
stock | (50,000) | (50) | ||
Cancellation of Common Stock | - | - | ||
Net income | - | - | ||
Balance, November 30, 2021 | 50,000 | $ | 50 | |
63,219,237 | $ | 63,219 | $ | 5,300 | $ | 8,986,786 |
50,000,000 | 50,000 | - | (49,950) | |||||||
(2,500,000) | (2,500) | - | 2,500 | |||||||
- | - | - | - | |||||||
110,719,237 | $ | 110,719 | $ | 5,300 | $ | 8,939,336 | ||||
$ | (16,640,722) | $ | (7,585,317) |
- | - | ||
- | - | ||
4,716,291 | 4,716,291 | ||
$ | (11,924,431) | $ | (2,869,026) |
The accompanying notes are an integral part of these unaudited financial statements
F-3
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Tarsier Ltd. published this content on 12 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2022 16:25:09 UTC.