Reliant Holdings Inc
For the period ended Dec 31, 2023. Filed Apr 18, 2024.
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FY2023 · Filed Apr 18, 2024
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Consolidated Balance Sheets
Reliant Holdings, Inc. and Subsidiary
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current Assets | ||
| Cash | $309,377 | $282,621 |
| Accounts receivable | 1,000 | - |
| House and real estate inventory | 446,427 | 339,074 |
| Contract assets | - | 30,571 |
| Prepaid expenses | - | 22,177 |
| Other current Assets | - | 1,405 |
| Total current assets | 756,804 | 675,848 |
| Equipment, net of accumulated depreciation of $88,957 and $69,484 as of December 31, 2023 and 2022, respectively | 90,886 | 42,878 |
| Right-of-use asset | 6,715 | 32,520 |
| Total Assets | $854,405 | $751,246 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current Liabilities | ||
| Accounts payable and accrued liabilities | $58,878 | $33,246 |
| Accrued liabilities - related parties | 53,500 | 48,000 |
| Contract liabilities | 275,251 | 336,373 |
| Construction Loan | 220,309 | 186,404 |
| Current portion of note payable | 8,580 | 9,630 |
| Current portion of right-of-use liability | 6,783 | 25,940 |
| Total current liabilities | 623,301 | 639,593 |
| Long-term note payable, net of current portion | 53,658 | 2,864 |
| Right-of-use liability | - | 6,783 |
| Total Liabilities | 676,959 | 649,240 |
| Commitments and Contingencies | ||
| Stockholders' Equity | ||
| Preferred stock, 5,000,000 shares authorized, $0.001 par value, 0 issued and outstanding as of December 31, 2023 and 2022, respectively | - | - |
| Preferred stock Series A, 1,000 shares authorized, $0.001 par value, 1,000 issued and outstanding as of December 31, 2023 and 2022 | 1 | 1 |
| Common stock, 70,000,000 shares authorized, $0.001 par value, 16,785,000 and 16,385,000 issued and outstanding as of December 31, 2023 and 2022, respectively | 16,785 | 16,385 |
| Additional paid-in capital | 437,989 | 396,564 |
| Accumulated deficit | (277,329) | (310,944) |
| Total Stockholders' Equity | 177,446 | 102,006 |
| Total Liabilities and Stockholders' Equity | $854,405 | $751,246 |
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