Accredited Solutions Inc
For the period ended Jun 30, 2024. Filed Aug 23, 2024.
View on SEC.govAbout 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.
Jun 30, 2024 · Filed Aug 23, 2024
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Contents
Item 1. Condensed Consolidated Balance Sheets as of June 30, 2024 (Unaudited), and December 31, 2023
| June 30, 2024 | December 31, 2023 | |
|---|---|---|
| Current assets | ||
| Cash | $6,779 | $919 |
| Accounts receivable | - | 64,109 |
| Prepaid expenses | 1,834 | 3,904 |
| Advance due from related entity | 1,293 | - |
| Total current assets | 9,906 | 68,932 |
| Other assets | ||
| Property, plant and equipment, net | 54,785 | 60,573 |
| Intellectual property | 100,000 | 100,000 |
| Total assets | $164,691 | $229,505 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| Current liabilities | ||
| Accounts payable | $145,974 | $159,506 |
| Advances payable | 39,450 | - |
| Advances payable - related parties | 12,350 | 39,450 |
| Accrued liabilities | 3,893 | 10,081 |
| Accrued liabilities - related parties | 8,200 | 11,400 |
| Interest payable | 484,264 | 260,534 |
| Interest payable to related parties | - | 172,149 |
| Notes payable | 54,100 | 19,100 |
| Convertible notes, net of discounts | 1,265,842 | 961,404 |
| Convertible notes to related parties, net of discounts | - | 374,102 |
| Derivative liabilities | 5,215,301 | 3,294,816 |
| Total current liabilities | 7,229,374 | 5,302,542 |
| Total liabilities | 7,229,374 | 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, 1,375,421,798 and 678,796,778 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively | 1,375,422 | 678,797 |
| Additional paid in capital | 1,586,327 | 2,121,827 |
| Accumulated deficit | (10,026,446) | (7,873,675) |
| Total stockholders' deficit | (7,064,683) | (5,073,037) |
| Total liabilities and stockholders' deficit | $164,691 | $229,505 |
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