Driveitaway Holdings Inc
For the period ended Sep 30, 2023. Filed Mar 8, 2024.
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FY2023 · Filed Mar 8, 2024
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Consolidated Balance Sheets
| September 30, | September 30, | |
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Current assets | ||
| Cash | $4,632 | $127,109 |
| Restricted cash | 18,559 | — |
| Accounts receivable, net | 11,584 | 6,082 |
| Prepaid expenses | — | 10,498 |
| Total current assets | 34,775 | 143,689 |
| Fixed assets, net | 184,228 | 149,428 |
| Intangible assets, net | 11,787 | — |
| Total Assets | $230,790 | $293,117 |
| Liabilities and Stockholders’ Deficit | ||
| Current Liabilities | ||
| Accounts payable and accrued liabilities | $664,707 | $227,109 |
| Accrued interest-related parties | 4,918 | — |
| Deferred revenue | 7,233 | 2,101 |
| Customer deposits | 2,234 | — |
| Due to related parties | 25,080 | 80 |
| Promissory notes payable, net of debt discount | 27,437 | — |
| Promissory notes payable, in default | 12,500 | — |
| Promissory notes payable- related parties, in default | 50,000 | — |
| Convertible notes payable, net of debt discount | 1,082,654 | 750,000 |
| Derivative liability | 1,317 | 115,009 |
| Total Current Liabilities | 1,878,080 | 1,094,299 |
| SBA Loan - noncurrent | 114,700 | 114,700 |
| Convertible notes payable - noncurrent, net of debt discount | 175,720 | 183,340 |
| Promissory notes payable - noncurrent | 16,649 | — |
| Total Liabilities | 2,185,149 | 1,392,339 |
| Commitments and Contingencies | — | — |
| Stockholders’ Deficit | ||
| Preferred stock, $.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding | — | — |
| Common stock, $0.0001 par value; 1,000,000,000 shares authorized; 106,551,722 shares issued and 106,536,622 outstanding at September 30, 2023 and 105,301,722 shares issued and 105,286,622 outstanding as of September 30, 2022, respectively | 10,656 | 10,531 |
| Additional paid in capital | 1,364,007 | 1,289,132 |
| Treasury stock, at cost - 15,100 shares at September 30, 2023 and September 30, 2022 | (18,126) | (18,126) |
| Accumulated deficit | (3,310,896) | (2,380,759) |
| Total Stockholders’ Deficit | (1,954,359) | (1,099,222) |
| Total Liabilities and Stockholders’ Deficit | $230,790 | $293,117 |
The accompanying notes are an integral part of these consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.