FINANCIALPROMUSICRIGHTS,INC.STATEMENTS(unaudited) JUNE30,2022
BALANCEPROMUSICRIGHTS,INC.SHEETS(UNAUDITED)ASSETS June30,2022 March31,2022 CURRENTASSETS Cash 175,725$ 172,900$ Accountsreceivable 432,358,623 377,579,645 Prepayments 420 420 TotalCurrentAssets 432,534,768 377,752,965 INTANGIBLEASSETS 45,135 45,135 TOTALASSETS 432,579,903$ 377,798,100$ CURRENTLIABILITIESANDSTOCKHOLDERS'DEFICITLIABILITIES Accountspayable 18,912$ 13,648$ Salestaxpayable 4,536 4,536 Advancesfromashareholder 357,218 310,132 Deferredrevenues 432,363,623 377,579,645 TotalCurrentLiabilities 432,744,289 377,907,961 STOCKHOLDERS'DEFICIENCY Commonstocks 14,100 14,100 Additionalpaid-incapital 278,814 278,814 Deficit (457,300) (402,775) TotalStockholders'Deficiency (164,386) (109,861) TOTALLIABILITIESANDSTOCKHOLDERS'DEFICIENCY 432,579,903$ 377,798,100$
STATEMENTSPROMUSICRIGHTS,INC.OFOPERATIONS(UNAUDITED) FortheSixMonthsEnding June30,2022March31,2022 June30,2022 REVENUES 35,390$ 55$ 35,445$ OPERATINGEXPENSES Accountingandlegalfees 63,762 60,057 123,819 Professionalfees 23,152 55,204 78,356 Insurance 1,257 1,257 2,514 Taxesandlicenses 1,208 1,208 Advertisingandpromotion 304 304 Duesandsubscriptions 166 68 234 Others 370 587 957 TotalOperatingExpenses 89,915 117,477 207,392 NETLOSS (54,525)$ (117,422)$ (171,947)$ FortheQuarterEnding
STATEMENTSPROMUSICRIGHTS,INC.OFCASHFLOWS(UNAUDITED) FortheSixMonthsEnding June30,2022March31,2022 June30,2022 CASHFLOWSFROMOPERATINGACTIVITIES Netloss (54,525)$ (117,422)$ (171,947)$ Changesinoperatingassetsandliabilities:Accountsreceivable (54,778,978) (54,196,357) (108,975,335) Prepayments (419) (419) Accountspayable 5,264 7,614 12,878 Deferredrevenues 54,783,978 54,196,357 108,980,335 Netcashusedinoperatingactivities (44,261) (110,227) (154,488) CASHFLOWSFROMFINANCINGACTIVITY Advancesfromashareholder 47,086 110,232 157,318 Netcashprovidedbyfinancingactivity 47,086 110,232 157,318 NETCHANGEINCASH 2,825 5 2,830 CASHATBEGINNINGOFTHEPERIOD 172,900 172,895 172,895 CASHATENDOFTHEPERIOD 175,725$ 172,900$ 175,725$ FortheQuarterEnding
STATEMENTPROMUSICRIGHTS,INC.OFCHANGESINSTOCKHOLDERS'EQUITY(DEFICIT)(UNAUDITED) FORTHESIXMONTHSENDINGJUNE30,2022 SharesAmountAdditionalPaidInCapitalDeficitStockholders'TotalDeficiency BalanceasofJanuary1,2022 1,410,000,00014,100$278,814$(285,353)$$7,561 NetlossforthequarterendingMarch31,2022 (117,422)(117,422) BalanceasofMarch31,2022 1,410,000,00014,100278,814(402,775)(109,861) NetlossforthequarterendingJune30,2022 (54,525)(54,525) BalanceasofJune30,2022 1,410,000,00014,100$278,814$(457,300)$(164,386)$ CommonStocks