| RESTATEMENT |
NOTE 7 RESTATEMENT
On February 15, 2018 Kodiak Capital
Group LLC, sold all of its potentially dilutive convertible advance to S&E Capital, Inc, a related party, including penalties
and default interest of $108,549 was recorded and added to the balance sheet. As a result of this transaction the Company is filing
this amendment of its 10-Q filed for the period ended March 31, 2018 to reflect this transaction. The note was deemed in default
and a penalty of $120,000 was recorded and added to the balance.
The following financials shows the
original filing, this restated filing and the differences between both:
| Balance Sheet | |
March 31, 2018
(Unaudited, Restated and Filed) | |
March 31, 2018
(Adjustments) | |
March 31, 2018
(Unaudited and Restated) |
| | |
| |
|
| Total current assets | |
$ | 4,500 | | |
| | | |
$ | 4,500 | |
| Total current liabilities | |
$ | 391,460 | | |
$ | 70,485 | | |
$ | 461,945 | |
| Series A Convertible Preferred Stock | |
$ | 121,300 | | |
| | | |
$ | 121,300 | |
| Total shareholders' equity (deficit) | |
$ | (508,260 | ) | |
$ | (70,485 | ) | |
$ | (578,745 | ) |
| | |
| |
| |
|
| | |
For the three months ended |
| | |
March 31, 2018
(Unaudited, Restated and Filed) | |
March 31, 2018
(Adjustments) | |
March 31, 2018
(Unaudited and Restated) |
| | |
| |
|
| | |
| |
| |
|
| Total operating expense | |
$ | (38,301 | ) | |
| | | |
$ | (38,301 | ) |
| Total other income (expense) | |
$ | 4,098,286 | | |
$ | (70,485 | ) | |
$ | 4,027,801 | |
| Income (Loss) from continuing operations | |
$ | 4,059,985 | | |
$ | (70,485 | ) | |
$ | 3,989,500 | |
| Income (Loss) from discontinued operations | |
$ | — | | |
$ | — | | |
$ | — | |
| NET INCOME(LOSS) | |
$ | 4,059,985 | | |
$ | (70,485 | ) | |
$ | 3,989,500 | |
| Net income (loss) per share applicable to common stockholders - basic (continuing operations) | |
$ | 0.16 | | |
$ | — | | |
$ | 0.16 | |
| Net income (loss) per share applicable to common stockholders - basic (discontinued operations) | |
$ | — | | |
$ | — | | |
$ | — | |
| Net income (loss) per share applicable to common stockholders - diluted (continuing operations) | |
$ | — | | |
$ | — | | |
$ | — | |
| Net income (loss) per share applicable to common stockholders - diluted (discontinued operations) | |
$ | — | | |
$ | — | | |
$ | — | |
| Weighted average number of common shares outstanding - basic | |
| 24,817,133 | | |
| | | |
| 24,817,133 | |
| Weighted average number of common shares outstanding - diluted | |
| 989,626,079 | | |
| 1.707.257 | | |
| 991,333,336 | |
| Statements of Cash Flow | |
For the three months ended |
| | |
March 31, 2018 (Unaudited, Restated and Filed) | |
March 31, 2018 (Adjustments) | |
March 31, 2018 (Unaudited and Restated) |
| | |
| |
|
| Net cash used in operating activities continuing operations | |
$ | (38,301 | ) | |
| | | |
$ | (38,301 | ) |
| Net cash provided by financing activities | |
$ | 38,301 | | |
| | | |
$ | 38,301 | |
| | |
| | | |
| | | |
| | |
| NET CHANGE IN CASH | |
$ | — | | |
$ | — | | |
$ | — | |
| CASH, beginning of period | |
$ | — | | |
$ | — | | |
$ | — | |
| CASH, end of period | |
$ | — | | |
$ | — | | |
$ | — | |
| | |
| | | |
| | | |
| | |
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