Accredited Solutions Inc

For the period ended Sep 30, 2023. Filed Jan 12, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2023 · Filed Jan 12, 2024

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Contents

Item 1. Condensed Consolidated Balance Sheets as of September 30, 2023 (Unaudited) and December 31, 2022

	September 30, 2023	December 31, 2022
ASSETS
Current assets
Cash	$55,880	$1,418
Accounts receivable	80,821	51,224
Prepaid expenses	-	2,422
Current assets held for sale	-	266,251
Total current assets	136,701	321,315
Other assets
Property, plant and equipment, net	63,479	86,446
Goodwill	302,215	302,215
Intellectual property	100,000	105,000
Total assets	$602,395	$814,976
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts payable	$214,969	$104,939
Advances from related parties	24,450	-
Accrued liabilities	2,169	3,751
Interest payable	527,974	455,825
Interest payable to related parties	152,510	133,494
Notes payable	29,100	29,100
Convertible notes, net of discounts	438,649	529,887
Convertible notes to related parties, net of discounts	374,102	395,000
Derivative liabilities	4,461,733	2,838,278
Current liabilities held for sale	-	200,149
Total current liabilities	6,225,656	4,690,423
Total liabilities	6,225,656	4,690,423
Stockholders' deficit
Preferred stock - Class A - 30,000,000 shares authorized, $0.001 par value, 14,000 shares issued and outstanding	14	14
Common stock - 750,000,000 shares authorized, $0.001 par value, 712,296,778 and 339,277,449 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively	712,297	339,277
Additional paid in capital	2,022,177	2,170,342
Accumulated deficit	(8,357,749)	(6,385,080)
Total stockholders' deficit	(5,623,261)	(3,875,447)
Total liabilities and stockholders' deficit	$602,395	$814,976

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

For the Three Months Ended · For the Nine Months Ended
September 30, 2023 · September 30, 2022 · September 30, 2023 · September 30, 2022
Net sales		$164,515	$206,520	$543,116	$319,590
Cost of sales		121,616	166,466	414,646	248,554
Gross profit		42,899	40,054	128,470	71,036
Operating expenses
General and administrative expenses		70,717	128,104	187,752	206,161
Depreciation and amortization expense		6,478	7,079	22,967	10,933
Total operating expenses		77,195	135,183	210,719	217,094
Operating loss		(34,296)	(95,129)	(82,249)	(146,058)
Other income (expense)
Change in derivative liabilities		(169,306)	1,101,870	(1,623,455)	3,890,256
Interest expense		(47,369)	(149,307)	(142,564)	(320,882)
Loan fees		-	(3,996)	-	(13,806)
Loss on extinguishment of debt		-	(367,359)	(60,320)	(1,068,278)
Gain on investment in subsidiaries		-	-	133,170	-
Total other income (expense)		(216,675)	581,208	(1,693,169)	2,487,290
Net income (loss) from continuing operations		(250,971)	486,079	(1,775,418)	2,341,232
Net loss from discontinued operations		-	(2,665)	(197,251)	(5,565)
Net income (loss)		$(250,971)	$483,414	$(1,972,669)	$2,335,667
Net income (loss) per share from continuing operations - basic		$(0.00)	$0.00	$(0.00)	$0.02
Net loss per share from discontinued operations - basic	$	-	$(0.00)	$(0.00)	$(0.00)
Net income (loss) per share - basic		$(0.00)	$0.00	$(0.00)	$0.02
Net income (loss) per share - diluted		$(0.00)	$0.00	$(0.00)	$0.00
Weighted average number of common shares - basic		700,280,474	225,222,172	607,719,617	155,077,168
Weighted average number of common shares - diluted		700,280,474	659,486,500	607,719,617	814,563,668

** ACCREDITED SOLUTIONS, INC.**

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.