2022 Q3 Form 10-K Financial Statement
#000101738623000022 Filed on January 17, 2023
Income Statement
Concept | 2022 Q3 | 2022 | 2021 |
---|---|---|---|
Revenue | $0.00 | $0.00 | |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $11.88K | $33.89K | $17.31K |
YoY Change | 95.78% | ||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $11.88K | $33.89K | $17.31K |
YoY Change | 95.78% | ||
Operating Profit | -$33.89K | -$17.31K | |
YoY Change | 95.81% | ||
Interest Expense | |||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$11.88K | -$33.89K | -$17.31K |
YoY Change | 95.78% | ||
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$11.88K | -$33.89K | -$17.31K |
YoY Change | 95.78% | ||
Net Earnings / Revenue | |||
Basic Earnings Per Share | $0.00 | $0.00 | |
Diluted Earnings Per Share | $0.00 | $0.00 | -$230.80 |
COMMON SHARES | |||
Basic Shares Outstanding | 225.0M shares | 225.0M shares | 75.00M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 Q3 | 2022 | 2021 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $70.00 | $70.00 | $0.00 |
YoY Change | |||
Cash & Equivalents | $68.00 | ||
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $68.00 | $70.00 | $0.00 |
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $68.00 | $70.00 | $0.00 |
Total Long-Term Assets | $0.00 | $0.00 | $0.00 |
Total Assets | $68.00 | $70.00 | $0.00 |
YoY Change | |||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $15.83K | $22.83K | $31.99K |
YoY Change | 131.2% | -28.63% | |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $14.42K | $14.42K | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $39.56K | $39.56K | $34.29K |
YoY Change | 15.35% | 15.37% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $39.56K | $39.56K | $34.29K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $39.56K | $39.56K | $34.29K |
YoY Change | 15.35% | 15.37% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$114.2K | ||
YoY Change | 42.21% | ||
Common Stock | $22.50K | ||
YoY Change | 200.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$39.49K | -$39.49K | -$34.29K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $68.00 | $70.00 | $0.00 |
YoY Change |
Cashflow Statement
Concept | 2022 Q3 | 2022 | 2021 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$11.88K | -$33.89K | -$17.31K |
YoY Change | 95.78% | ||
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$14.46K | -$43.05K | |
YoY Change | |||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 14.43K | $43.12K | |
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -14.46K | -$43.05K | |
Cash From Investing Activities | |||
Cash From Financing Activities | 14.43K | $43.12K | |
Net Change In Cash | -30.00 | $68.00 | |
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | -$14.46K | -$43.05K | |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
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Nine Alliance Science & Technology Group | |
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7325 Oswego Road | |
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13090 | |
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(315) | |
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Gries & Associates, LLC | |
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Denver, CO | |
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<p id="xdx_800_eus-gaap--NatureOfOperations_zxl1AM2BSO81" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><span style="text-decoration: underline">NOTE 1 – NATURE OF OPERATIONS</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Nine Alliance Science and Technology Group (the “Company”) was incorporated as Paramount Supply Inc. and established under the Corporation Laws of the State of Nevada on September 12, 2014. On September 29, 2017, the Company filed a Certificate of Amendment changing the name from “Paramount Supply Inc.” to “Nine Alliance Science and Technology Group”. The Company was formed for the purpose of marketing and distributing ladies fashion handbags. At the end of 2017 the Company became dormant and ceased all business operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">On August 27, 2020, a motion and application was made to appoint a Custodian of the Company based on prior management abandoning its responsibilities to continue making filings at the Nevada Secretary of State’s office and for failing to hold a shareholders’ meeting in over 3 years and otherwise failing to keep current in its obligations to the Company. Upon motion and application to the District Court, Clark County Nevada, the Court granted the request for Custodian for the Company (“Custodian”). Upon granting the motion, the Court issued an Order acknowledging that the Custodian has performed all of the duties that had been required of it and the management of the Company will revert exclusively to the officers and directors appointed by the Custodian. In the Revival of the Company, Investment Reserves Series, as the Custodian of the Company, appointed Joseph Passalaqua as CEO, CFO and Secretary.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> | |
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Use Of Estimates
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<p id="xdx_84C_eus-gaap--UseOfEstimates_zgtaUiTTzIXl" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>2.2 Use of Estimates and Assumptions</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Due to the limited level of operations, the Company has not had to make material assumptions or estimates other than the assumption that the Company is a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> | |
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|
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|
225000000 | shares |
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Preferred Stock Shares Authorized
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|
10000000 | shares |
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|
2000 | usd |
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|
70000000 | shares |
CY2022Q3 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
14424 | usd |
CY2022Q3 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
7000 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
114183 | usd |
CY2021Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
80293 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0.21 | pure |
CY2022 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
23873 | usd |
CY2021 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
16862 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-23873 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-16862 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
39789 | usd |
CY2021Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
28103 | usd |
CY2022Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
39789 | usd |
CY2021Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
28103 | usd |
CY2022Q3 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
80293 | usd |