10-Q Filing

GIVEMEPOWER CORP CIK: 1064722 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-011707`
Period End Date	20210331
Filing Date	20210517
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	gmpw-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 27 Cash Flow Statement 44 Stockholders Equity 35

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.63K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$89.02K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.00M	shares	Point-in-time
Investments - trading securities	`ShortTermInvestments`	$91.28K	USD	Point-in-time
Investments - trading securities	`ShortTermInvestments`	$387.38K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.00M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.00M	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$92.91K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$476.40K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$6.94K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.20B	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.75K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.20B	shares	Point-in-time
Investments - real estate	`RealEstateInvestments`	$664.11K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.72M	shares	Point-in-time
Investments - real estate	`RealEstateInvestments`	$674.85K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.72M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.72M	shares	Point-in-time
Crypto Currency Mining Rigs	`CryptoCurrencyMiningRigs`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.72M	shares	Point-in-time
Crypto Currency Mining Rigs	`CryptoCurrencyMiningRigs`	$9.20K	USD	Point-in-time
Total assets	`Assets`	$764.77K	USD	Point-in-time
Total assets	`Assets`	$1.17M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$10.64K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.54K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$4.22K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.81K	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	$538.00	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	$115.00	USD	Point-in-time
Line of credit - related party, current portion	`LinesOfCreditCurrent`	$63.63K	USD	Point-in-time
Line of credit - related party, current portion	`LinesOfCreditCurrent`	$13.23K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$71.10K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$28.63K	USD	Point-in-time
Notes payable - net of current portion	`LongTermNotesPayable`	$150.00K	USD	Point-in-time
Notes payable - net of current portion	`LongTermNotesPayable`	$150.00K	USD	Point-in-time
Line of credit - related party, net of current portion	`LongTermLineOfCredit`	$542.05K	USD	Point-in-time
Line of credit - related party, net of current portion	`LongTermLineOfCredit`	$540.52K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$692.05K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$690.52K	USD	Point-in-time
Total Liabilities	`Liabilities`	$761.63K	USD	Point-in-time
Total Liabilities	`Liabilities`	$720.68K	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 1,000,001 issued and outstanding as at March 31, 2021 and December 31, 2020 respectively.	`PreferredStockValue`	$1.01K	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 1,000,001 issued and outstanding as at March 31, 2021 and December 31, 2020 respectively.	`PreferredStockValue`	$1.01K	USD	Point-in-time
Common Stock, $0.001 par value, 1,200,000,000 shares authorized, 42,724,687 issued and outstanding as at March 31, 2021 and December 31, 2020, respectively.	`CommonStockValue`	$42.73K	USD	Point-in-time
Common Stock, $0.001 par value, 1,200,000,000 shares authorized, 42,724,687 issued and outstanding as at March 31, 2021 and December 31, 2020, respectively.	`CommonStockValue`	$42.73K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.31M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.91M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.35M	USD	Point-in-time
Minority Interest	`NonControllingInterest`	$-950.00	USD	Point-in-time
Minority Interest	`NonControllingInterest`	$59.00	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$446.70K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.14K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.17M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$764.77K	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$665.67K	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$192.99K	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$204.42K	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$157.81K	USD	1 Quarter
Gross profit	`GrossProfit`	$35.19K	USD	1 Quarter
Gross profit	`GrossProfit`	$461.25K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.20K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$44.08K	USD	1 Quarter
Advertising and promotions	`MarketingAndAdvertisingExpense`	$1.65K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$1.46K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.20K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$62.19K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$29.98K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$399.06K	USD	1 Quarter
Dividends	`InvestmentIncomeDividend`	$30.00	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLossOnInvestments`	$44.47K	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLossOnInvestments`	$-63.43K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$443.56K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-33.44K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income	`NetIncomeLoss`	-	USD	2 Qtrs
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.72M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.72M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$443.56K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-33.44K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	-	USD	2 Qtrs
Inventory Asset: Trading Securities	`IncreaseDecreaseInInventoryAssetTradingSecurities`	$19.27K	USD	1 Quarter
Inventory Asset: Trading Securities	`IncreaseDecreaseInInventoryAssetTradingSecurities`	$-296.09K	USD	1 Quarter
Depreciation	`DepreciationOccurredDuringPeriod`	$-12.00	USD	1 Quarter
Depreciation	`DepreciationOccurredDuringPeriod`	$809.00	USD	1 Quarter
Other Accrued Liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	1 Quarter
Other Accrued Liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$7.51K	USD	1 Quarter
Net Cash Flows Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.18K	USD	1 Quarter
Net Cash Flows Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$155.78K	USD	1 Quarter
Computer and Internet	`PaymentsForSoftware`	-	USD	1 Quarter
Computer and Internet	`PaymentsForSoftware`	-	USD	1 Quarter
Payment for real estate investment	`PaymentsToAcquireRealEstateHeldForInvestment`	-	USD	1 Quarter
Payment for real estate investment	`PaymentsToAcquireRealEstateHeldForInvestment`	$10.73K	USD	1 Quarter
Crypto Currency Mining Rigs	`PaymentsToAcquireCryptoCurrencyMiningRigs`	-	USD	1 Quarter
Crypto Currency Mining Rigs	`PaymentsToAcquireCryptoCurrencyMiningRigs`	$9.20K	USD	1 Quarter
Net Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.93K	USD	1 Quarter
Net Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from issuance of marginal loan payable	`ProceedsFromIssuanceOfMarginalLoanPayable`	-	USD	1 Quarter
Proceeds from issuance of marginal loan payable	`ProceedsFromIssuanceOfMarginalLoanPayable`	$422.00	USD	1 Quarter
Line of credit - short term - related party	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Line of credit - short term - related party	`ProceedsFromLinesOfCredit`	$122.00K	USD	1 Quarter
Line of credit - long term - related party	`ProceedsFromLongTermLinesOfCredit`	$-4.30K	USD	1 Quarter
Line of credit - long term - related party	`ProceedsFromLongTermLinesOfCredit`	$-48.87K	USD	1 Quarter
New Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-48.45K	USD	1 Quarter
New Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$117.70K	USD	1 Quarter
Net Change in Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$87.39K	USD	1 Quarter
Net Change in Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$103.52K	USD	1 Quarter
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$500.00	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$89.02K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$104.02K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.63K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.63K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$104.02K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$500.00	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$89.02K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$1.46K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$12.00	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Shares issued to settle accounts payable	`SharesIssuedToSettleAccountsPayable`	-	USD	1 Quarter
Shares issued to settle accruals - related parties	`SharesIssuedToSettleAccrualsRelatedParties`	-	USD	1 Quarter

Stockholders Equity 35 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$379.00	USD	Point-in-time
Balance	`StockholdersEquity`	$3.14K	USD	Point-in-time
Balance	`StockholdersEquity`	$446.70K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Restructuring adjustments	`RestructuringAdjustments`	-	USD	1 Quarter
Restructuring adjustments	`RestructuringAdjustments`	$1.40M	USD	2 Qtrs
Restructuring adjustments	`RestructuringAdjustments`	-	USD	Annual
Restructuring adjustments, shares	`RestructuringSharesAdjustments`	-	shares	1 Quarter
Restructuring adjustments, shares	`RestructuringSharesAdjustments`	-	shares	Annual
Issuances of common stock	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Issuances of common stock	`StockIssuedDuringPeriodValueNewIssues`	$30.00K	USD	Annual
Issuances of common stock	`StockIssuedDuringPeriodValueNewIssues`	-	USD	2 Qtrs
Issuances of common stock, shares	`StockIssuedDuringPeriodSharesNewIssues`	-	shares	Annual
Issuances of common stock, shares	`StockIssuedDuringPeriodSharesNewIssues`	-	shares	1 Quarter
Issuances of common stock, shares	`StockIssuedDuringPeriodSharesNewIssues`	-	shares	2 Qtrs
Issuances of preferred stock	`IssuancesOfPreferredStockDuringThePeriod`	$3.00	USD	Annual
Issuances of preferred stock	`IssuancesOfPreferredStockDuringThePeriod`	-	USD	2 Qtrs
Issuances of preferred stock	`IssuancesOfPreferredStockDuringThePeriod`	-	USD	1 Quarter
Issuances of preferred stock, shares	`IssuanceOfPrferredStockSharesDuringThePeriod`	379.00	shares	2 Qtrs
Issuances of preferred stock, shares	`IssuanceOfPrferredStockSharesDuringThePeriod`	-	shares	Annual
Issuances of preferred stock, shares	`IssuanceOfPrferredStockSharesDuringThePeriod`	-	shares	1 Quarter
Acquisition of business	`BusinessCombinationOfAcquistitionOfBusiness`	-	USD	1 Quarter
Acquisition of business	`BusinessCombinationOfAcquistitionOfBusiness`	$55.74K	USD	Annual
Acquisition of business	`BusinessCombinationOfAcquistitionOfBusiness`	-	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-33.44K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$443.56K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-82.98K	USD	Annual
Net income (loss)	`NetIncomeLoss`	-	USD	2 Qtrs
Minority interest	`MinorityInterestChangeInRedemptionValue`	$1.01K	USD	1 Quarter
Minority interest	`MinorityInterestChangeInRedemptionValue`	-	USD	Annual
Minority interest	`MinorityInterestChangeInRedemptionValue`	-	USD	2 Qtrs
Balance	`StockholdersEquity`	$3.14K	USD	Point-in-time
Balance	`StockholdersEquity`	$446.70K	USD	Point-in-time
Balance	`StockholdersEquity`	$379.00	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.40M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.