10-Q/A Filing

GIVEMEPOWER CORP CIK: 1064722 Q3 2021

Filing Information

Form Type	10-Q/A
Accession Number	`0001493152-21-031848`
Period End Date	20210930
Filing Date	20211217
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	form10-qa_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 50 Cash Flow Statement 45 Stockholders Equity 19

Balance Sheet 65 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`	$218.71K	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`	$37.10K	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
Investments - trading securities	`ShortTermInvestments`	$91.28K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$255.81K	USD	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.75K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.72M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.72M	shares	Point-in-time
Investments - real estate	`RealEstateInvestments`	$664.11K	USD	Point-in-time
Investments - real estate	`RealEstateInvestments`	-	USD	Point-in-time
Electric Vehicles Inventory	`ElectricVehiclesInventory`	$27.27K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.72M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.72M	shares	Point-in-time
Electric Vehicles Inventory	`ElectricVehiclesInventory`	-	USD	Point-in-time
Entrepreneurship Development	`DevelopmentInProcess`	-	USD	Point-in-time
Entrepreneurship Development	`DevelopmentInProcess`	$2.97M	USD	Point-in-time
Crypto Currency Mining Rigs	`CryptoCurrencyMiningRigs`	$19.20K	USD	Point-in-time
Crypto Currency Mining Rigs	`CryptoCurrencyMiningRigs`	-	USD	Point-in-time
Total assets	`Assets`	$764.77K	USD	Point-in-time
Total assets	`Assets`	$3.28M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.54K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.81K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.60K	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	-	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	$115.00	USD	Point-in-time
Line of credit - related party, current portion	`LinesOfCreditCurrent`	$10.00K	USD	Point-in-time
Line of credit - related party, current portion	`LinesOfCreditCurrent`	$63.63K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$71.10K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$11.60K	USD	Point-in-time
Notes payable - net of current portion	`LongTermNotesPayable`	$903.25K	USD	Point-in-time
Notes payable - net of current portion	`LongTermNotesPayable`	$150.00K	USD	Point-in-time
Long term liabilities - related party	`DueToRelatedPartiesNoncurrent`	$1.38M	USD	Point-in-time
Long term liabilities - related party	`DueToRelatedPartiesNoncurrent`	$540.52K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$690.52K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$2.29M	USD	Point-in-time
Total Liabilities	`Liabilities`	$761.63K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.30M	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 1,000,001 issued and outstanding as at September 30, 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 September 30, 2021 and December 31, 2020 respectively.	`PreferredStockValue`	$1.01K	USD	Point-in-time
Common Stock, $0.001 par value, 50,000,000 shares authorized, 42,724,687 issued and outstanding as at September 30, 2021 and December 31, 2020, respectively.	`CommonStockValue`	$42.73K	USD	Point-in-time
Common Stock, $0.001 par value, 50,000,000 shares authorized, 42,724,687 issued and outstanding as at September 30, 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`	$6.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.35M	USD	Point-in-time
Minority Interest	`NonControllingInterest`	$59.00	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$979.19K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.14K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$764.77K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$3.28M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.00M	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.47M	USD	3 Qtrs
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.04M	USD	3 Qtrs
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$29.25K	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$1.06M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$10.06K	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$1.36M	USD	3 Qtrs
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$4.86M	USD	3 Qtrs
Gross profit	`GrossProfit`	$939.63K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.18M	USD	3 Qtrs
Gross profit	`GrossProfit`	$19.19K	USD	1 Quarter
Gross profit	`GrossProfit`	$104.37K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$61.95K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$128.08K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$98.35K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$22.27K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$135.26K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$40.56K	USD	1 Quarter
Advertising and promo	`AdvertisingAndPromo`	$1.77K	USD	3 Qtrs
Advertising and promo	`AdvertisingAndPromo`	$85.00	USD	1 Quarter
Interest expense	`InterestExpense`	$1.59K	USD	3 Qtrs
Interest expense	`InterestExpense`	$377.00	USD	1 Quarter
Interest expense	`InterestExpense`	$463.00	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.55K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$129.67K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$235.85K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$23.82K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$102.97K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$836.66K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$946.54K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-25.31K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-4.63K	USD	1 Quarter
Dividends	`InvestmentIncomeDividend`	$62.00	USD	3 Qtrs
Dividends	`InvestmentIncomeDividend`	-	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLossOnInvestments`	$-107.19K	USD	3 Qtrs
Unrealized gain (loss)	`UnrealizedGainLossOnInvestments`	$-39.36K	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLossOnInvestments`	$-756.93K	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLossOnInvestments`	$71.00	USD	3 Qtrs
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$946.68K	USD	3 Qtrs
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$79.73K	USD	1 Quarter
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-132.49K	USD	3 Qtrs
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-43.99K	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.02	USD	3 Qtrs
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.00	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	3 Qtrs
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.72M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.72M	shares	3 Qtrs

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`ProfitLoss`	$-132.49K	USD	3 Qtrs
Net Income (Loss)	`ProfitLoss`	$79.73K	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$946.68K	USD	3 Qtrs
Inventory Asset: Trading Securities	`IncreaseDecreaseInInventoryAssetTradingSecurities`	$-54.11K	USD	3 Qtrs
Inventory Asset: Trading Securities	`IncreaseDecreaseInInventoryAssetTradingSecurities`	$29.37K	USD	3 Qtrs
Depreciation	`DepreciationOccurredDuringPeriod`	$6.58K	USD	3 Qtrs
Depreciation	`DepreciationOccurredDuringPeriod`	-	USD	3 Qtrs
Other Accrued Liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$131.10K	USD	3 Qtrs
Other Accrued Liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-2.26K	USD	3 Qtrs
Net Cash Flows Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$998.53K	USD	3 Qtrs
Net Cash Flows Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.40K	USD	3 Qtrs
Entrepreneurship Development	`PaymentsToAcquireInProcessResearchAndDevelopment`	$2.97M	USD	3 Qtrs
Entrepreneurship Development	`PaymentsToAcquireInProcessResearchAndDevelopment`	$24.15K	USD	3 Qtrs
Payment for real estate investment	`PaymentsForProceedsFromRealEstateHeldforinvestment`	$970.15K	USD	3 Qtrs
Payment for real estate investment	`PaymentsForProceedsFromRealEstateHeldforinvestment`	$-664.11K	USD	3 Qtrs
Crypto Currency Mining Rigs	`PaymentsToAcquireCryptoCurrencyMiningRigs`	$19.20K	USD	3 Qtrs
Electric Vehicles Inventory- Lingstar	`ElectricVehiclesInventoryLingstar`	$-27.27K	USD	3 Qtrs
Electric Vehicles Inventory- Lingstar	`ElectricVehiclesInventoryLingstar`	-	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.83K	USD	3 Qtrs
Net Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.01M	USD	3 Qtrs
Net Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.36M	USD	3 Qtrs
Proceeds from notes and marginal loan payable	`ProceedsFromNotesAndMarginalLoanPayable`	-	USD	3 Qtrs
Proceeds from notes and marginal loan payable	`ProceedsFromNotesAndMarginalLoanPayable`	$151.22K	USD	3 Qtrs
Line of credit - short term - related party	`ProceedsFromLinesOfCredit`	$122.43K	USD	3 Qtrs
Line of credit - short term - related party	`ProceedsFromLinesOfCredit`	$192.67K	USD	3 Qtrs
Long term liabilities - related party	`ProceedsFromLongTermLinesOfCredit`	$766.72K	USD	3 Qtrs
Long term liabilities - related party	`ProceedsFromLongTermLinesOfCredit`	$1.38M	USD	3 Qtrs
New Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.04M	USD	3 Qtrs
New Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.58M	USD	3 Qtrs
Net Change in Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.84K	USD	3 Qtrs
Net Change in Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$217.08K	USD	3 Qtrs
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.34K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$218.71K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.63K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$500.00	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$500.00	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.63K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.34K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$218.71K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$62.00	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$115.00	USD	3 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Shares issued to settle accounts payable	`SharesIssuedToSettleAccountsPayable`	-	USD	3 Qtrs
Shares issued to settle accruals - related parties	`SharesIssuedToSettleAccrualsRelatedParties`	-	USD	3 Qtrs

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Cost of cannabinoid biosciences sold	`CostOfPropertyRepairsAndMaintenance`	$1.00	USD	3 Qtrs
Balance	`StockholdersEquity`	$379.00	USD	Point-in-time
Balance	`StockholdersEquity`	$3.14K	USD	Point-in-time
Balance	`StockholdersEquity`	$979.19K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Restructuring adjustments	`RestructuringAdjustments`	$1.40M	USD	2 Qtrs
Issuances of common stock	`StockIssuedDuringPeriodValueNewIssues`	$30.00K	USD	Annual
Issuances of common stock	`StockIssuedDuringPeriodValueNewIssues`	-	USD	2 Qtrs
Issuances of preferred stock	`IssuancesOfPreferredStockDuringThePeriod`	$379.00	USD	2 Qtrs
Issuances of preferred stock	`IssuancesOfPreferredStockDuringThePeriod`	$3.00	USD	Annual
Acquisition of business	`BusinessCombinationOfAcquistitionOfBusiness`	$55.68K	USD	Annual
Minority interest	`MinorityInterestChangeInRedemptionValue`	$59.00	USD	Annual
Sold Cannabinoid Biosciences for $1	`StockIssuedDuringPeriodValueIssuedForServices1`	$29.37K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$946.68K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-82.98K	USD	Annual
Balance	`StockholdersEquity`	$979.19K	USD	Point-in-time
Balance	`StockholdersEquity`	$379.00	USD	Point-in-time
Balance	`StockholdersEquity`	$3.14K	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.