10-Q/A Filing

GIVEMEPOWER CORP CIK: 1064722 Q3 2021

Filing Information

Form Type	10-Q/A
Accession Number	`0001493152-22-029612`
Period End Date	20210930
Filing Date	20221026
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	form10-qa_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 50 Cash Flow Statement 41 Stockholders Equity 18

Balance Sheet 61 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.35K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.63K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.00M	shares	Point-in-time
Investments - trading securities	`ShortTermInvestments`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.00M	shares	Point-in-time
Investments - trading securities	`ShortTermInvestments`	$91.28K	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
Total Current Assets	`AssetsCurrent`	$21.35K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$92.91K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.75K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	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
Common stock, shares issued	`CommonStockSharesIssued`	42.72M	shares	Point-in-time
Entrepreneurship Development	`DevelopmentInProcess`	-	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
Entrepreneurship Development	`DevelopmentInProcess`	$27.14K	USD	Point-in-time
Total assets	`Assets`	$764.77K	USD	Point-in-time
Total assets	`Assets`	$48.49K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.54K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$800.00	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.81K	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`	-	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`	$800.00	USD	Point-in-time
Notes payable - net of current portion	`LongTermNotesPayable`	$150.00K	USD	Point-in-time
Notes payable - net of current portion	`LongTermNotesPayable`	-	USD	Point-in-time
Long term liabilities - related party	`DueToRelatedPartiesNoncurrent`	$540.52K	USD	Point-in-time
Long term liabilities - related party	`DueToRelatedPartiesNoncurrent`	$74.39K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$690.52K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$74.39K	USD	Point-in-time
Total Liabilities	`Liabilities`	$761.63K	USD	Point-in-time
Total Liabilities	`Liabilities`	$75.19K	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`	$6.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.38M	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`	$3.14K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-26.70K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$48.49K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$764.77K	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$700.38K	USD	3 Qtrs
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$29.25K	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.47M	USD	3 Qtrs
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$1.36M	USD	3 Qtrs
Total cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$722.34K	USD	3 Qtrs
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$10.06K	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$-21.96K	USD	3 Qtrs
Gross profit	`GrossProfit`	$104.37K	USD	3 Qtrs
Gross profit	`GrossProfit`	$19.19K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$22.27K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$128.08K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.65K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.63K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$7.42K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$8.17K	USD	3 Qtrs
Advertising and promo	`AdvertisingAndPromo`	$281.00	USD	3 Qtrs
Advertising and promo	`AdvertisingAndPromo`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$1.59K	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.55K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$15.09K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$23.82K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$129.67K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$11.07K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-37.04K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-11.07K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-25.31K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-4.63K	USD	1 Quarter
Dividends	`InvestmentIncomeInterestAndDividend`	-	USD	3 Qtrs
Dividends	`InvestmentIncomeInterestAndDividend`	-	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLossOnInvestments`	$-39.36K	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLossOnInvestments`	-	USD	3 Qtrs
Unrealized gain (loss)	`UnrealizedGainLossOnInvestments`	-	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLossOnInvestments`	$-107.19K	USD	3 Qtrs
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-11.07K	USD	1 Quarter
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-43.99K	USD	1 Quarter
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-132.49K	USD	3 Qtrs
Net Income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-37.04K	USD	3 Qtrs
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$-0.00	USD	3 Qtrs
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$-0.00	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasic`	$-0.00	USD	1 Quarter
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	27.72M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	42.72M	shares	3 Qtrs
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	27.72M	shares	3 Qtrs
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	42.72M	shares	1 Quarter

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`ProfitLoss`	$-132.49K	USD	3 Qtrs
Net Income (Loss)	`ProfitLoss`	$-37.04K	USD	3 Qtrs
Net Income (Loss)	`ProfitLoss`	$-11.07K	USD	1 Quarter
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`	$-2.94K	USD	3 Qtrs
Other Accrued Liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$131.10K	USD	3 Qtrs
Net Cash Flows Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.40K	USD	3 Qtrs
Net Cash Flows Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-39.98K	USD	3 Qtrs
Entrepreneurship Development	`PaymentsToAcquireInProcessResearchAndDevelopment`	$27.14K	USD	3 Qtrs
Entrepreneurship Development	`PaymentsToAcquireInProcessResearchAndDevelopment`	$24.15K	USD	3 Qtrs
Payment for real estate investment	`PaymentsForProceedsFromRealEstateHeldforinvestment`	$-664.11K	USD	3 Qtrs
Payment for real estate investment	`PaymentsForProceedsFromRealEstateHeldforinvestment`	$970.15K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.83K	USD	3 Qtrs
Net Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$636.97K	USD	3 Qtrs
Net Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.01M	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`	-	USD	3 Qtrs
Long term liabilities - related party	`ProceedsFromLongTermLinesOfCredit`	$-577.00K	USD	3 Qtrs
Long term liabilities - related party	`ProceedsFromLongTermLinesOfCredit`	$766.72K	USD	3 Qtrs
New Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.04M	USD	3 Qtrs
New Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-577.00K	USD	3 Qtrs
Net Change in Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$19.99K	USD	3 Qtrs
Net Change in Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.84K	USD	3 Qtrs
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.37K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$21.35K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.34K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$500.00	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.34K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$500.00	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$21.35K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.37K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	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 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.14K	USD	Point-in-time
Balance	`StockholdersEquity`	$379.00	USD	Point-in-time
Balance	`StockholdersEquity`	$-26.70K	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	`BusinessCombinationOfAcquistitionOfBusiness`	$55.68K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-82.98K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-37.04K	USD	3 Qtrs
Minority interest	`MinorityInterestChangeInRedemptionValue`	$59.00	USD	Annual
Sold two subsidiaries	`StockIssuedDuringPeriodValueIssuedForServices1`	$7.21K	USD	3 Qtrs
Balance	`StockholdersEquity`	$379.00	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.14K	USD	Point-in-time
Balance	`StockholdersEquity`	$-26.70K	USD	Point-in-time

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