Ameritrust Corp Cashflow Statement

Ask AI

Financial Statements

In USD, except per-share amounts

	FY2020 12 months to Sep 30, 2020	FY2019 12 months to Sep 30, 2019	FY2011 12 months to Sep 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss
Adjustments to reconcile net loss to net cash used in operating activities:
Mineral properties impairments
Prepaid expenses (increase/decrease)
Beneficial Conversion Feature
Gain on Debt Forgiveness
Changes In:
Due From Related Party
Accounts Payable
Accounts Payable - Related Party
Interest Payable - Related Party
Net Cash Used in Operating Activities

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of mineral properties
Common Control Merger
Net Cash Provided by Investing Activities

CASH FLOWS FROM FINANCING ACTIVITIES:
Common shares issued for cash
Proceeds from common shares subscribed but not issued
Proceeds from shareholder advances
Proceeds from Note Payable - Related Party
Net Cash Provided by Financing Activities

Net Increase in Cash
Cash at Beginning of Period
Cash at End of Period
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid during the year for: Interest
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES
150,000,000 shares of common stock were issued in exchange for convertible note due to a Related Party
Gain on debt forgiveness by a Related Party
Goodwill resulting from a Change in Control
Right of Use Asset acquired by financing lease
Liquidated damages related to a forfeited deposit from purchase agreement

Comments