NewHydrogen Inc
For the period ended Mar 31, 2024. Filed May 13, 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.
Mar 31, 2024 · Filed May 13, 2024
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Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Balance Sheets
CONDENSED BALANCE SHEET
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash | $3,247,036 | $3,678,441 |
| Prepaid expenses | 48,712 | 10,311 |
| TOTAL CURRENT ASSETS | 3,295,748 | 3,688,752 |
| PROPERTY AND EQUIPMENT | ||
| Machinery and equipment | 37,225 | 37,225 |
| Less accumulated depreciation | (35,913) | (35,642) |
| NET PROPERTY AND EQUIPMENT | 1,312 | 1,583 |
| OTHER ASSETS | ||
| Patents, net of amortization of $24,935 and $24,179 respectively | 20,401 | 21,157 |
| Deposit | 770 | 770 |
| TOTAL OTHER ASSETS | 21,171 | 21,927 |
| TOTAL ASSETS | $3,318,231 | $3,712,262 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable and other payable | $10,496 | $9,810 |
| TOTAL CURRENT LIABILITIES | 10,496 | 9,810 |
| TOTAL LIABILITIES | 10,496 | 9,810 |
| COMMITMENTS AND CONTINGENCIES (See Note 9) | - | - |
| MEZZANINE (See Note 3) | ||
| Series C Convertible Preferred Stock, 34,853 and 34,853 shares outstanding, respectively,redeemable value of $3,485,313 and $3,485,313, respectively | 3,485,313 | 3,485,313 |
| SHAREHOLDERS’ EQUITY (DEFICIT) | ||
| Preferred stock, $0.0001 par value; 10,000,000 authorized shares | - | - |
| Common stock, $0.0001 par value; 3,000,000,000 authorized shares 704,599,512 and 704,599,512 shares issued and outstanding, respectively | 70,460 | 70,460 |
| Additional paid in capital | 176,355,551 | 176,279,264 |
| Accumulated deficit | (176,603,589) | (176,132,585) |
| TOTAL SHAREHOLDERS’ EQUITY (DEFICIT) | (177,578) | 217,139 |
| TOTAL LIABILITIES, MEZZANINE AND SHAREHOLDERS’ EQUITY (EQUITY) | $3,318,231 | $3,712,262 |
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