10-Q Filing

GIVEMEPOWER CORP CIK: 1064722 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-018012`
Period End Date	20230331
Filing Date	20230518
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 35 Cash Flow Statement 35 Stockholders Equity 24

Balance Sheet 56 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`	1.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.39K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.59K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.39K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$44.59K	USD	Point-in-time
Investments -real estate	`RealEstateHeldforsale`	-	USD	Point-in-time
Investments -real estate	`RealEstateHeldforsale`	-	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
Notes - Entrepreneurship Development	`DevelopmentInProcess`	-	USD	Point-in-time
Notes - Entrepreneurship Development	`DevelopmentInProcess`	-	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
Total assets	`Assets`	$44.59K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.79M	shares	Point-in-time
Total assets	`Assets`	$2.39K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.79M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.79M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.79M	shares	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.48K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.28K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.28K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.48K	USD	Point-in-time
Notes payable - related party	`LongTermNotesPayable`	$199.26K	USD	Point-in-time
Notes payable - related party	`LongTermNotesPayable`	$237.90K	USD	Point-in-time
Line of credit - related party	`LongTermLineOfCredit`	-	USD	Point-in-time
Line of credit - related party	`LongTermLineOfCredit`	-	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$237.90K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$199.26K	USD	Point-in-time
Total Liabilities	`Liabilities`	$241.38K	USD	Point-in-time
Total Liabilities	`Liabilities`	$203.54K	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 1 issued and outstanding as at March 31, 2023 and December 31, 2022.	`PreferredStockValue`	$3.00	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 1 issued and outstanding as at March 31, 2023 and December 31, 2022.	`PreferredStockValue`	$3.00	USD	Point-in-time
Common Stock, $0.001 par value, 50,000,000 shares authorized, 43,792,804 issued and outstanding as at March 31, 2023 and December 31, 2022.	`CommonStockValue`	$43.79K	USD	Point-in-time
Common Stock, $0.001 par value, 50,000,000 shares authorized, 43,792,804 issued and outstanding as at March 31, 2023 and December 31, 2022.	`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`	$-6.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.55M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$379.00	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$-86.43K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$3.14K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$-196.79K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$-201.15K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$2.39K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$44.59K	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Sales of investment under property	`GainLossOnSaleOfInvestments`	-	USD	1 Quarter
Sales of investment under property	`GainLossOnSaleOfInvestments`	-	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Total Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Cost of sales - property	`CostOfPropertyRepairsAndMaintenance`	-	USD	1 Quarter
Cost of sales - property	`CostOfPropertyRepairsAndMaintenance`	-	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.37K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.97K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$14.98K	USD	1 Quarter
Professional fees	`ProfessionalFees`	-	USD	1 Quarter
Advertising and promotions	`MarketingAndAdvertisingExpense`	-	USD	1 Quarter
Advertising and promotions	`MarketingAndAdvertisingExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$23.96K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.37K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-4.37K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-23.96K	USD	1 Quarter
Dividends	`InvestmentIncomeDividend`	-	USD	1 Quarter
Dividends	`InvestmentIncomeDividend`	-	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLossOnInvestments`	-	USD	1 Quarter
Unrealized gain (loss)	`UnrealizedGainLossOnInvestments`	-	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-111.43K	USD	Annual
Net Income	`NetIncomeLoss`	$-4.37K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-23.96K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-82.98K	USD	Annual
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`	$-0.00	USD	1 Quarter
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	43.79M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	42.72M	shares	1 Quarter

Cash Flow Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-111.43K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-4.37K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-23.96K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-82.98K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-76.78K	USD	Annual
Decrease in Accounts payable and Accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$807.00	USD	1 Quarter
Decrease in Accounts payable and Accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Net Cash Flows Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-23.96K	USD	1 Quarter
Net Cash Flows Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.56K	USD	1 Quarter
Entrepreneurship Development	`PaymentsForProceedsFromPreviousAcquisition`	$78.08K	USD	1 Quarter
Entrepreneurship Development	`PaymentsForProceedsFromPreviousAcquisition`	-	USD	1 Quarter
Payment for real estate investment	`PaymentsForProceedsFromRealEstateHeldforinvestment`	-	USD	1 Quarter
Payment for real estate investment	`PaymentsForProceedsFromRealEstateHeldforinvestment`	-	USD	1 Quarter
Net Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-78.08K	USD	1 Quarter
Proceeds from issuance of stocks	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Line of credit - short term - related party	`ProceedsFromRepaymentsOfLinesOfCredit`	$-17.68K	USD	1 Quarter
Line of credit - short term - related party	`ProceedsFromRepaymentsOfLinesOfCredit`	$-38.65K	USD	1 Quarter
Long term liabilities - related party	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
New Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.68K	USD	1 Quarter
New Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-38.65K	USD	1 Quarter
Net Change in Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-42.20K	USD	1 Quarter
Net Change in Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-119.72K	USD	1 Quarter
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$44.59K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$130.69K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.96K	USD	Point-in-time
Beginning cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.39K	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`	$44.59K	USD	Point-in-time
Ending Cash:	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.39K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	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 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$379.00	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-86.43K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$3.14K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-196.79K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-201.15K	USD	Point-in-time
Restructuring adjustments	`RestructuringAdjustments`	$1.40M	USD	2 Qtrs
Issuances of preferred stock	`StockIssuedDuringPeriodValueOfPreferredStock`	$379.00	USD	2 Qtrs
Issuances of stock	`StockIssuedDuringPeriodValueOfStock`	$30.00K	USD	Annual
Acquisition of business	`AdjustmentsToAdditionalPaidInCapitalAcquisitionOfBusiness`	$55.68K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-76.78K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-82.98K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-4.37K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-111.43K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-23.96K	USD	1 Quarter
Minority interest	`MinorityInterestChangeInRedemptionValue`	$59.00	USD	Annual
Sold 2 Subsidiaries	`StockIssuedDuringPeriodValueIssuedForServices`	$12.79K	USD	Annual
Shares Issuance	`StockIssuedDuringPeriodValueNewIssues`	$1.07K	USD	Annual
Ending balance, value	`StockholdersEquity`	$-196.79K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$379.00	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-86.43K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$3.14K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-201.15K	USD	Point-in-time

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