10-Q Filing

GIVEMEPOWER CORP CIK: 1064722 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-023636`
Period End Date	20220630
Filing Date	20220819
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 66 Cash Flow Statement 43 Stockholders Equity 27

Balance Sheet 58 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`	$100.17K	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
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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.00	shares	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
Total Current Assets	`AssetsCurrent`	$130.69K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$100.17K	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`	43.79M	shares	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`	43.79M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.72M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.79M	shares	Point-in-time
Notes - Entrepreneurship Development	`DevelopmentInProcess`	$31.89K	USD	Point-in-time
Notes - Entrepreneurship Development	`DevelopmentInProcess`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.79M	shares	Point-in-time
Total assets	`Assets`	$647.58K	USD	Point-in-time
Total assets	`Assets`	$585.16K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$3.82K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	-	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`	$800.00	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.62K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesNoncurrent`	$403.51K	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`	$302.39K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$729.39K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$705.90K	USD	Point-in-time
Total Liabilities	`Liabilities`	$734.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$706.70K	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 1 issued and outstanding as at June 30, 2022 and December 31, 2021	`PreferredStockValue`	$3.00	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 1 issued and outstanding as at June 30, 2022 and December 31, 2021	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.001 par value, 50,000,000 shares authorized, 43,792,804 and 42,724,687 issued and outstanding as at June 30, 2022 and December 31, 2021 respectively.	`CommonStockValue`	$42.73K	USD	Point-in-time
Common Stock, $0.001 par value, 50,000,000 shares authorized, 43,792,804 and 42,724,687 issued and outstanding as at June 30, 2022 and December 31, 2021 respectively.	`CommonStockValue`	$43.79K	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`	$-6.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.44M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-86.43K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-121.53K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$585.16K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$647.58K	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Sales of investment under property	`GainLossOnSaleOfInvestments`	-	USD	2 Qtrs
Sales of investment under property	`GainLossOnSaleOfInvestments`	-	USD	1 Quarter
Sales of investment under property	`GainLossOnSaleOfInvestments`	$700.38K	USD	2 Qtrs
Sales of investment under property	`GainLossOnSaleOfInvestments`	$700.38K	USD	1 Quarter
Total	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	2 Qtrs
Total	`RevenueFromContractWithCustomerExcludingAssessedTax`	$700.38K	USD	1 Quarter
Total	`RevenueFromContractWithCustomerExcludingAssessedTax`	$700.38K	USD	2 Qtrs
Total	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Cost of sales - property	`CostOfPropertyRepairsAndMaintenance`	-	USD	2 Qtrs
Cost of sales - property	`CostOfPropertyRepairsAndMaintenance`	-	USD	1 Quarter
Cost of sales - property	`CostOfPropertyRepairsAndMaintenance`	$722.34K	USD	2 Qtrs
Cost of sales - property	`CostOfPropertyRepairsAndMaintenance`	$722.34K	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$722.34K	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$722.34K	USD	2 Qtrs
Total cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	2 Qtrs
Gross profit	`GrossProfit`	$-21.96K	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	2 Qtrs
Gross profit	`GrossProfit`	$-21.96K	USD	2 Qtrs
Gross profit	`GrossProfit`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.98K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.01K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.98K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$120.00	USD	1 Quarter
Professional fees	`ProfessionalFees`	$1.00K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$1.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.20K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$22.19K	USD	2 Qtrs
Advertising and promotions	`MarketingAndAdvertisingExpense`	-	USD	1 Quarter
Advertising and promotions	`MarketingAndAdvertisingExpense`	-	USD	2 Qtrs
Advertising and promotions	`MarketingAndAdvertisingExpense`	$281.00	USD	2 Qtrs
Advertising and promotions	`MarketingAndAdvertisingExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.12K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.21K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.27K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$36.17K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-26.22K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-12.21K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-23.08K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-36.17K	USD	2 Qtrs
Dividends	`InvestmentIncomeDividend`	-	USD	2 Qtrs
Dividends	`InvestmentIncomeDividend`	-	USD	1 Quarter
Dividends	`InvestmentIncomeDividend`	-	USD	1 Quarter
Dividends	`InvestmentIncomeDividend`	-	USD	2 Qtrs
Unrealized gain (loss)	`UnrealizedGainLossOnInvestments`	-	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLossOnInvestments`	-	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLossOnInvestments`	-	USD	2 Qtrs
Unrealized gain (loss)	`UnrealizedGainLossOnInvestments`	-	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income	`NetIncomeLoss`	$-36.17K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$-12.21K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-23.08K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-76.78K	USD	Annual
Net Income	`NetIncomeLoss`	$-26.22K	USD	2 Qtrs
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$-0.00	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$-0.00	USD	2 Qtrs
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$-0.00	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$-0.00	USD	2 Qtrs
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	42.72M	shares	2 Qtrs
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	43.79M	shares	2 Qtrs
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	42.72M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	43.79M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-36.17K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-12.21K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-23.08K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-76.78K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-26.22K	USD	2 Qtrs
Inventory Asset: Trading Securities	`IncreaseDecreaseInInventories`	$2.94K	USD	2 Qtrs
Inventory Asset: Trading Securities	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	2 Qtrs
Other Accrued Liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-3.82K	USD	2 Qtrs
Other Accrued Liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	2 Qtrs
Net Cash Flows Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-29.17K	USD	2 Qtrs
Net Cash Flows Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-39.99K	USD	2 Qtrs
Entrepreneurship Development	`PaymentsForProceedsFromPreviousAcquisition`	$-31.89K	USD	2 Qtrs
Entrepreneurship Development	`PaymentsForProceedsFromPreviousAcquisition`	$10.00K	USD	2 Qtrs
Payment for real estate investment	`PaymentsForProceedsFromRealEstateHeldforinvestment`	-	USD	2 Qtrs
Payment for real estate investment	`PaymentsForProceedsFromRealEstateHeldforinvestment`	$-664.11K	USD	2 Qtrs
Crypto Currency Mining Rigs	`PaymentsToAcquireCryptoCurrencyMiningRigs`	-	USD	2 Qtrs
Net Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$654.11K	USD	2 Qtrs
Net Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$31.89K	USD	2 Qtrs
Proceeds from issuance of stocks	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuance of stocks	`ProceedsFromIssuanceOfCommonStock`	$1.07K	USD	2 Qtrs
Line of credit - related party	`RepaymentsOfLinesOfCredit`	$335.85K	USD	2 Qtrs
Line of credit - related party	`RepaymentsOfLinesOfCredit`	$13.00K	USD	2 Qtrs
Long term liabilities - related party	`RepaymentsOfRelatedPartyDebt`	$288.00K	USD	2 Qtrs
Long term liabilities - related party	`RepaymentsOfRelatedPartyDebt`	$10.49K	USD	2 Qtrs
New Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.42K	USD	2 Qtrs
New Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-623.85K	USD	2 Qtrs
Net Change in Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.10K	USD	2 Qtrs
Net Change in Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-30.52K	USD	2 Qtrs
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.36K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$130.69K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.46K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$100.17K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$100.17K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.46K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$130.69K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.36K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for tax	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Balances - December 31, 2021	`StockholdersEquity`	$-121.53K	USD	Point-in-time
Balances - December 31, 2021	`StockholdersEquity`	$3.14K	USD	Point-in-time
Balances - December 31, 2021	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Balances - December 31, 2021	`StockholdersEquity`	$-86.43K	USD	Point-in-time
Balances - December 31, 2021	`StockholdersEquity`	$379.00	USD	Point-in-time
Restructuring adjustments	`RestructuringAdjustments`	$1.40M	USD	Annual
Issuances of common stock	`StockIssuedDuringPeriodValueOfCommonStock`	$30.00K	USD	Annual
Issuances of common stock	`StockIssuedDuringPeriodValueOfCommonStock`	-	USD	Annual
Issuances of preferred stock	`StockIssuedDuringPeriodValueOfPreferredStock`	$3.00	USD	Annual
Issuances of preferred stock	`StockIssuedDuringPeriodValueOfPreferredStock`	$379.00	USD	Annual
Acquisition of business	`AdjustmentsToAdditionalPaidInCapitalAcquisitionOfBusiness`	$55.68K	USD	Annual
Net income	`NetIncomeLoss`	$-26.22K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-76.78K	USD	Annual
Net income	`NetIncomeLoss`	$-23.08K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-12.21K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-36.17K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-82.98K	USD	Annual
Minority interest	`MinorityInterestChangeInRedemptionValue`	$59.00	USD	Annual
Sold 2 Subsidiaries	`StockIssuedDuringPeriodValueIssuedForServices`	$12.79K	USD	Annual
Sold 2 Subsidiaries, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	1.00M	shares	Annual
Discontinued Operation Alpharidge Capital	`DiscontinuedOperationAlpharidgeCapital`	-	USD	Annual
Share Issuance	`StockIssuedDuringPeriodValueNewIssues`	$1.07K	USD	2 Qtrs
Balances - June 30, 2022	`StockholdersEquity`	$-121.53K	USD	Point-in-time
Balances - June 30, 2022	`StockholdersEquity`	$3.14K	USD	Point-in-time
Balances - June 30, 2022	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Balances - June 30, 2022	`StockholdersEquity`	$-86.43K	USD	Point-in-time
Balances - June 30, 2022	`StockholdersEquity`	$379.00	USD	Point-in-time

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