Winners : June 30th 2022 Quarterly Financial Statement

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WINNERS, INC. AND SUBSIDIARY
	Page
	No.
Condensed Consolidated Balance Sheets as of June 30, 2022 and December 31, 2021 (Unaudited)	2
Condensed Consolidated Statements of Operations for the Three and Six Months Ended
June 30, 2022 and 2021 (Unaudited)	3
Condensed Consolidated Statements of Changes in Stockholders' Equity for the Three and Six Months Ended
June 30, 2022 and 2021 (Unaudited)	4
Condensed Consolidated Statements of Cash Flows for the Six Months Ended
June 30, 2022 and 2021 (Unaudited)	6
Notes to Condensed Consolidated Financial Statements (Unaudited)	7

DocuSign Envelope ID: 81966936-E514-4A20-A227-7A0421704F59
WINNERS, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited)
		June 30,			December 31,
		2022			2021
ASSETS
Current assets:
Cash	$	87,972	$	871,048
Accounts receivable		-			24,788
Prepaid expenses and other current assets		9,166			48,666
Note receivable and accrued interest - Clickstream Corp. - related party		112,616			-
Total current assets		209,754			944,502
Total assets	$	209,754	$	944,502
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	120,291	$	4,662
Notes payable and accrued interest - Clickstream Corp. - related party		-			151,919
Total current liabilities		120,291			156,581
Commitments and contingencies (See Note 8)
Series A convertible preferred stock, $0.001 par value, 10,000,000 shares authorized;
8,333,336 and 9,000,000 shares issued and outstanding, respectively		8,332			9,000
Stockholders' equity:
Common stock, $0.0001 par value, 4,000,000,000 shares authorized;
293,739,856 and 280,090,934 shares issued and outstanding, respectively		293,740			280,091
Additional paid-in capital		5,400,346			5,240,674
Non-controlling interest in subsidiary		(3,082)			(2,629)
Accumulated deficit		(5,609,873)			(4,739,215)
Total stockholders' equity		81,131			778,921
Total liabilities and stockholders' equity	$	209,754		$	944,502

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

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WINNERS, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

		For the Three Months Ended June 30,			For the Six Months Ended June 30,
		2022			2021			2022			2021
Gambling service revenues	$	6,369	$	720	$	21,492	$	2,676
Other revenues		5,000			-			5,000			-
Total revenues		11,369			720			26,492			2,676
Operating expenses:
Selling, general and administrative expenses		391,499			910,904			833,141			1,567,343
Total operating expenses		391,499			910,904			833,141			1,567,343
Loss from operations		(380,130)			(910,184)			(806,649)			(1,564,667)
Other income (expense):
Interest income		1,912			-			1,930			-
Interest expense		-			(17,114)			(393)			(447,488)
Total other income (expense), net		1,912			(17,114)			1,537			(447,488)
Loss before non-controlling interest		(378,218)			(927,298)			(805,112)			(2,012,155)
Less: Non-controlling interest		(203)			(486)			(453)			(1,054)
Net loss		(378,015)			(926,812)			(804,659)			(2,011,101)
Deemed dividend resulting from redemption of Series A shares		(13,043)			-			(66,667)			-
Net loss attributed to common stockholders	$	(391,058)		$	(926,812)		$	(871,326)		$	(2,011,101)
Net loss per common share, basic and diluted	$	(0.00)	$	(0.00)	$	(0.00)	$	(0.01)
Weighted average number of common shares outstanding, basic
and diluted		291,706,889			256,029,025			285,739,685			222,617,189

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

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WINNERS, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2022

(unaudited)

												Additional
	Common Stock			Common Stock To Be Issued			Paid-in			Non-controlling			Accumulated
	Shares			Amount		Shares			Amount			Capital			Interest			Deficit			Total
Balance, March 31, 2022	280,317,986	$	280,318	3,421,870	$	3,422	$	5,310,346	$	(2,879)	$	(5,219,484)	$	371,723
Physical issuance of common shares	3,421,870			3,422	(3,421,870)			(3,422)			-			-			-			-
Issuance of common shares for cash	10,000,000			10,000	-			-			90,000			-			-			100,000
Redemption of Series A preferred shares	-			-	-			-			-			-			(12,374)			(12,374)
Non-controlling interest	-			-	-			-			-			(203)			-			(203)
Net loss	-			-		-			-			-			-			(378,015)			(378,015)
Balance, June 30, 2022	293,739,856	$	293,740	-	$	-	$	5,400,346	$	(3,082)	$	(5,609,873)	$	81,131
												Additional			Additional
	Common Stock			Common Stock To Be Issued			Paid-in			Paid-in			Accumulated
	Shares			Amount		Shares			Amount			Capital			Capital			Deficit			Total
Balance, December 31, 2021	280,090,934	$	280,091	-	$	-	$	5,240,674	$	(2,629)	$	(4,739,215)	$	778,921
Issuance of common shares for services	3,648,922			3,649	-			-			69,672			-			-			73,321
Redemption of Series A preferred shares	-			-	-			-			-			-			(65,999)			(65,999)
Issuance of common shares for cash	10,000,000			10,000	-			-			90,000			-			-			100,000
Non-controlling interest	-			-	-			-			-			(453)			-			(453)
Net loss	-			-		-			-			-			-			(804,659)			(804,659)
Balance, June 30, 2022	293,739,856		$	293,740		-		$	-		$	5,400,346		$	(3,082)		$	(5,609,873)		$	81,131

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

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DocuSign Envelope ID: 81966936-E514-4A20-A227-7A0421704F59

WINNERS, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2021

(unaudited)

												Additional
	Common Stock			Common Stock To Be Issued				Paid-in			Non-controlling			Accumulated
	Shares			Amount		Shares		Amount				Capital			Interest			Deficit			Total
Balance, March 31, 2021	251,645,817	$	251,646	961,550	$	962	$	3,866,378	$	(1,064)	$	(2,533,147)	$	1,584,775
Issuance of common shares for cash	19,000,000			19,000	-			-			931,000			-			-			950,000
Issuance of common shares for services	3,483,567			3,484	-			-			198,295			-			-			201,779
Physical issuance of common shares	961,550			962	(961,550)			(962)			-			-			-			-
Non-controlling interest	-			-	-			-			-			(486)			-			(486)
Net loss	-			-		-			-			-			-			(926,812)			(926,812)
Balance, June 30, 2021	275,090,934	$	275,092	-	$	-	$	4,995,673	$	(1,550)	$	(3,459,959)	$	1,809,256
												Additional
	Common Stock			Common Stock To Be Issued				Paid-in			Non-controlling			Accumulated
	Shares			Amount		Shares		Amount				Capital			Interest			Deficit			Total
Balance, December 31, 2020	184,579,250	$	184,579	961,550	$	962	$	541,466	$	(935)	$	(1,448,419)	$	(722,347)
Issuance of common shares for cash	70,000,000			70,000	-			-			3,378,000			-			-			3,448,000
Issuance of common shares for services	4,050,134			4,051	-			-			316,707			-			-			320,758
Conversion of convertible debt into common shares	15,500,000			15,500	-			-			759,500			-			-			775,000
Physical issuance of common shares	961,550			962	(961,550)			(962)			-			-			-			-
Non-controlling interest	-			-	-			-			-			(615)			-			(615)
Net loss	-			-		-			-			-			-			(2,011,540)			(2,011,540)
Balance, June 30, 2021	275,090,934		$	275,092		-		$	-		$	4,995,673		$	(1,550)		$	(3,459,959)		$	1,809,256

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

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