10-Q Filing

GIVEMEPOWER CORP CIK: 1064722 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-013458`
Period End Date	20220331
Filing Date	20220516
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 36 Cash Flow Statement 40 Stockholders Equity 23

Balance Sheet 57 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`	$10.96K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$130.69K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.00	shares	Point-in-time
Investments - trading securities	`ShortTermInvestments`	-	USD	Point-in-time
Investments - trading securities	`ShortTermInvestments`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$130.69K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$10.96K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	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
Investments - real estate	`RealEstateHeldforsale`	$485.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.72M	shares	Point-in-time
Investments - real estate	`RealEstateHeldforsale`	$485.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.72M	shares	Point-in-time
Notes - Entrepreneurship Development	`DevelopmentInProcess`	$31.89K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.72M	shares	Point-in-time
Notes - Entrepreneurship Development	`DevelopmentInProcess`	$109.97K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.72M	shares	Point-in-time
Total assets	`Assets`	$605.93K	USD	Point-in-time
Total assets	`Assets`	$647.58K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$3.82K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$3.82K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$800.00	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$800.00	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.62K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.62K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesNoncurrent`	$315.39K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesNoncurrent`	$315.39K	USD	Point-in-time
Line of credit - related party	`LongTermLineOfCredit`	$414.00K	USD	Point-in-time
Line of credit - related party	`LongTermLineOfCredit`	$396.31K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$729.39K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$711.70K	USD	Point-in-time
Total Liabilities	`Liabilities`	$734.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$716.32K	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 1 issued and outstanding as at March 31, 2022 and December 31, 2021.	`PreferredStockValue`	$3.00	USD	Point-in-time
Common Stock, $0.001 par value, 50,000,000 shares authorized, 42,724,687 issued and outstanding as at March 31, 2022 and December 31, 2021.	`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 March 31, 2022 and December 31, 2021.	`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`	$-6.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.44M	USD	Point-in-time
Minority Interest	`NonControllingInterest`	-	USD	Point-in-time
Minority Interest	`NonControllingInterest`	-	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-110.39K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-86.43K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$647.58K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$605.93K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Sales of investment under property	`GainLossOnSaleOfInvestments`	-	USD	1 Quarter
Sales of investment under property	`GainLossOnSaleOfInvestments`	$665.67K	USD	1 Quarter
Principal transactions - Net	`PrincipalTransactionsRevenue`	-	USD	1 Quarter
Principal transactions - Net	`PrincipalTransactionsRevenue`	-	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$665.67K	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Cost of sales - property	`CostOfPropertyRepairsAndMaintenance`	-	USD	1 Quarter
Cost of sales - property	`CostOfPropertyRepairsAndMaintenance`	$204.42K	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$204.42K	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$461.25K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.97K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$44.08K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$14.98K	USD	1 Quarter
Advertising and promotions	`MarketingAndAdvertisingExpense`	$1.65K	USD	1 Quarter
Advertising and promotions	`MarketingAndAdvertisingExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$1.46K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$62.19K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$23.96K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-23.96K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$399.06K	USD	1 Quarter
Dividends	`InvestmentIncomeDividend`	$30.00	USD	1 Quarter
Dividends	`InvestmentIncomeDividend`	-	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLossOnInvestments`	$44.47K	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLossOnInvestments`	-	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-23.96K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income	`NetIncomeLoss`	$443.56K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-76.78K	USD	Annual
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$-0.00	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	42.72M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	42.72M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-23.96K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$443.56K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-76.78K	USD	Annual
Inventory Asset: Trading Securities	`IncreaseDecreaseInInventories`	$296.09K	USD	1 Quarter
Inventory Asset: Trading Securities	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Depreciation	`Depreciation`	$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`	$155.78K	USD	1 Quarter
Net Cash Flows Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-23.96K	USD	1 Quarter
Entrepreneurship Development	`PaymentsToAcquireInProcessResearchAndDevelopment`	$78.08K	USD	1 Quarter
Entrepreneurship Development	`PaymentsToAcquireInProcessResearchAndDevelopment`	-	USD	1 Quarter
Payment for real estate investment	`PaymentsForProceedsFromRealEstateHeldforinvestment`	-	USD	1 Quarter
Payment for real estate investment	`PaymentsForProceedsFromRealEstateHeldforinvestment`	$10.73K	USD	1 Quarter
Crypto Currency Mining Rigs	`PaymentsToAcquireCryptoCurrencyMiningRigs`	$9.20K	USD	1 Quarter
Net Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-78.08K	USD	1 Quarter
Net Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.93K	USD	1 Quarter
Proceeds from issuance of stocks	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of stocks	`ProceedsFromIssuanceOfCommonStock`	$422.00	USD	1 Quarter
Line of credit - short term - related party	`RepaymentsOfLinesOfCredit`	$48.87K	USD	1 Quarter
Line of credit - short term - related party	`RepaymentsOfLinesOfCredit`	$17.68K	USD	1 Quarter
Long term liabilities - related party	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
New Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-48.45K	USD	1 Quarter
New Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.68K	USD	1 Quarter
Net Change in Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$87.39K	USD	1 Quarter
Net Change in Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-119.72K	USD	1 Quarter
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.63K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.96K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$89.02K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$130.69K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$89.02K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$130.69K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.96K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.63K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$1.46K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-86.43K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$3.14K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$379.00	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-110.39K	USD	Point-in-time
Restructuring adjustments	`RestructuringAdjustments`	$1.40M	USD	2 Qtrs
Issuances of common stock	`StockIssuedDuringPeriodValueNewIssues`	-	USD	2 Qtrs
Issuances of common stock	`StockIssuedDuringPeriodValueNewIssues`	$30.00K	USD	Annual
Issuances of preferred stock	`IssuancesOfPreferredStockDuringThePeriod`	$379.00	USD	2 Qtrs
Issuances of preferred stock	`IssuancesOfPreferredStockDuringThePeriod`	$3.00	USD	Annual
Acquisition of business	`AdjustmentsToAdditionalPaidInCapitalAcquisitionOfBusiness`	$55.68K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-76.78K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$443.56K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-23.96K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-82.98K	USD	Annual
Minority interest	`MinorityInterestChangeInRedemptionValue`	$59.00	USD	Annual
Sold 2 Subsidiaries	`StockIssuedDuringPeriodValueIssuedForServices1`	$-12.79K	USD	Annual
Discontinued Operation Alpharidge Capital	`DiscontinuedOperationAlpharidgeCapital`	-	USD	Annual
Ending balance	`StockholdersEquity`	$379.00	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-86.43K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$3.14K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-110.39K	USD	Point-in-time

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