Accredited Solutions Inc
For the period ended Mar 31, 2024. Filed Jul 16, 2024.
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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.
Mar 31, 2024 · Filed Jul 16, 2024
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Contents
Item 1. Condensed Consolidated Balance Sheets as of March 31, 2024 (Unaudited), and December 31, 2023
| ACCREDITED SOLUTIONS, INC. | ||
|---|---|---|
| CONDENSED CONSOLIDATED BALANCE SHEETS | ||
| March 31, 2024 | December 31, 2023 | |
| ASSETS | ||
| Current assets | ||
| Cash | $245 | $919 |
| Accounts receivable | - | 64,109 |
| Prepaid expenses | 2,869 | 3,904 |
| Total current assets | 3,114 | 68,932 |
| Other assets | ||
| Property, plant and equipment, net | 57,679 | 60,573 |
| Intellectual property | 100,000 | 100,000 |
| Total assets | $160,793 | $229,505 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| Current liabilities | ||
| Accounts payable | $160,708 | $159,506 |
| Advances from related parties | 39,600 | 39,450 |
| Accrued liabilities | 12,046 | 10,081 |
| Accrued liabilities - related parties | 8,200 | 11,400 |
| Interest payable | 242,713 | 260,534 |
| Interest payable to related parties | 182,370 | 172,149 |
| Notes payable | 19,100 | 19,100 |
| Convertible notes, net of discounts | 895,754 | 961,404 |
| Convertible notes to related parties, net of discounts | 374,102 | 374,102 |
| Derivative liabilities | 3,100,422 | 3,294,816 |
| Total current liabilities | 5,035,015 | 5,302,542 |
| Total liabilities | 5,035,015 | 5,302,542 |
| 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 - 2,500,000,000 shares authorized, $0.001 par value, 1,310,191,029 and 678,796,778 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively | 1,310,191 | 678,797 |
| Additional paid in capital | 1,643,078 | 2,121,827 |
| Accumulated deficit | (7,827,505) | (7,873,675) |
| Total stockholders' deficit | (4,874,222) | (5,073,037) |
| Total liabilities and stockholders' deficit | $160,793 | $229,505 |
| The accompanying notes are an integral part of these unaudited condensed financial statements. | ||
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