10-Q Filing

GIVEMEPOWER CORP CIK: 1064722 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001760319-20-000104`
Period End Date	20200930
Filing Date	20201123
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	gmpw-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 55 Cash Flow Statement 20

Balance Sheet 41 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$500.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.34K	USD	Point-in-time
Investments - trading securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$45.40K	USD	Point-in-time
Investments - trading securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$22.96K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$152.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$28.45K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$45.90K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$13.25K	USD	Point-in-time
Investments - real estate	`RealEstateInvestments`	$970.15K	USD	Point-in-time
Investments - real estate	`RealEstateInvestments`	-	USD	Point-in-time
Total assets	`Assets`	$1.01M	USD	Point-in-time
Total assets	`Assets`	$45.90K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$943.00	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.41K	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	$4.32K	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	$5.52K	USD	Point-in-time
Line of credit - related party, current portion	`LinesOfCreditCurrent`	$163.63K	USD	Point-in-time
Line of credit - related party, current portion	`LinesOfCreditCurrent`	$41.20K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$171.50K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$45.52K	USD	Point-in-time
Notes payable - net of current portion	`NotesPayableCurrent`	$150.00K	USD	Point-in-time
Notes payable - net of current portion	`NotesPayableCurrent`	-	USD	Point-in-time
Line of credit - related party, net of current portion	`LongTermLineOfCredit`	$766.72K	USD	Point-in-time
Line of credit - related party, net of current portion	`LongTermLineOfCredit`	-	USD	Point-in-time
Total Long-Term Liabilities	`LongTermInvestmentsAndReceivablesNet`	-	USD	Point-in-time
Total Long-Term Liabilities	`LongTermInvestmentsAndReceivablesNet`	$916.72K	USD	Point-in-time
Total Liabilities	`LiabilitiesNoncurrent`	$1.09M	USD	Point-in-time
Total Liabilities	`LiabilitiesNoncurrent`	$45.52K	USD	Point-in-time
Preferred stock, $.001 par value, 1,000,000 and 10,000,000 shares authorized, 0 and I,000,000 issued and outstanding as at December 31, 2019 and September 30, 2020 respectively.	`PreferredStockSharesIssued`	3.00	shares	Point-in-time
Preferred stock, $.001 par value, 1,000,000 and 10,000,000 shares authorized, 0 and I,000,000 issued and outstanding as at December 31, 2019 and September 30, 2020 respectively.	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common Stock, $0.001 par value, 49,000,000 and 1,200,000,000 shares authorized, 27,724,687 issued and outstanding as at December 31, 2019 and September 30, 2020 respectively.	`CommonStockSharesIssued`	1,975.00	shares	Point-in-time
Common Stock, $0.001 par value, 49,000,000 and 1,200,000,000 shares authorized, 27,724,687 issued and outstanding as at December 31, 2019 and September 30, 2020 respectively.	`CommonStockSharesIssued`	0.00	shares	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$53.76K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-132.11K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$379.00	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-76.37K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$379.00	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`Liabilities`	$45.90K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`Liabilities`	$1.01M	USD	Point-in-time

Income Statement 55 line items

Line Item	Tag	Value	Unit	Period
Sales of investments under trading securities	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$29.25K	USD	1 Quarter
Sales of investments under trading securities	`InterestAndDividendIncomeSecuritiesAvailableForSale`	-	USD	1 Quarter
Sales of investments under trading securities	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$261.40K	USD	3 Qtrs
Sales of investments under trading securities	`InterestAndDividendIncomeSecuritiesAvailableForSale`	-	USD	3 Qtrs
Cost of sales - trading securities	`OtherCostOfServices`	$10.06K	USD	1 Quarter
Cost of sales - trading securities	`OtherCostOfServices`	$182.21K	USD	3 Qtrs
Cost of sales - trading securities	`OtherCostOfServices`	-	USD	3 Qtrs
Cost of sales - trading securities	`OtherCostOfServices`	-	USD	1 Quarter
Net gain from sales of investments under trading securities	`MarketableSecuritiesRealizedGainLoss`	$79.19K	USD	3 Qtrs
Net gain from sales of investments under trading securities	`MarketableSecuritiesRealizedGainLoss`	-	USD	1 Quarter
Net gain from sales of investments under trading securities	`MarketableSecuritiesRealizedGainLoss`	$19.19K	USD	1 Quarter
Net gain from sales of investments under trading securities	`MarketableSecuritiesRealizedGainLoss`	-	USD	3 Qtrs
Sales of investment under property	`GainLossOnSaleOfInvestments`	$1.21M	USD	3 Qtrs
Cost of sales - property	`LandSales`	$1.18M	USD	3 Qtrs
Net gain from sales of investments property	`GainLossOnInvestments`	-	USD	1 Quarter
Net gain from sales of investments property	`GainLossOnInvestments`	$25.17K	USD	3 Qtrs
Net gain from sales of investments property	`GainLossOnInvestments`	-	USD	3 Qtrs
Net gain from sales of investments property	`GainLossOnInvestments`	-	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$22.27K	USD	1 Quarter
General and administrative	`SellingGeneralAndAdministrativeExpense`	$128.08K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$128.08K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	-	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$22.27K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	-	USD	1 Quarter
Income (loss) from operations	`IncomeLossFromContinuingOperations`	$-3.08K	USD	1 Quarter
Income (loss) from operations	`IncomeLossFromContinuingOperations`	$-23.72K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-1.55K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.59K	USD	3 Qtrs
Unrealized gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-39.36K	USD	1 Quarter
Unrealized gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	3 Qtrs
Unrealized gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-107.19K	USD	3 Qtrs
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-40.91K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	-	USD	3 Qtrs
Total other expense, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-108.78K	USD	3 Qtrs
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	-	USD	3 Qtrs
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-43.99K	USD	1 Quarter
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-132.49K	USD	3 Qtrs
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-43.99K	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-132.49K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	-	USD	3 Qtrs
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
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
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.72M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.72M	shares	1 Quarter
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.72M	shares	3 Qtrs
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.72M	shares	3 Qtrs

Cash Flow Statement 20 line items

Line Item	Tag	Value	Unit	Period
Depreciation	`Depreciation`	$6.58K	USD	3 Qtrs
Cash from sales of trading securities	`ProceedsFromPaymentsForTradingSecurities`	$253.25K	USD	3 Qtrs
Fund disbursed	`AdditionsToContractHoldersFunds`	$-15.66K	USD	3 Qtrs
Accrued interest	`ProceedsFromInterestReceived`	$1.39K	USD	3 Qtrs
Purchase of trading securities	`IncreaseDecreaseInTradingSecurities`	$-266.96K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.40K	USD	3 Qtrs
Acquisition of businesses	`PaymentsToAcquireBusinessesGross`	$-24.15K	USD	3 Qtrs
Payment for real estate investment	`PaymentsToAcquireRealEstate`	$-970.15K	USD	3 Qtrs
Purchase of fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$-19.83K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.01M	USD	3 Qtrs
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$150.00K	USD	3 Qtrs
Proceeds from issuance of marginal loan payable	`ProceedsFromIssuanceOfDebt`	$1.22K	USD	3 Qtrs
Proceeds from issuance of line of credit - short term - related party	`ProceedsFromLongTermLinesOfCredit`	$122.43K	USD	3 Qtrs
Proceeds from issuance of line of credit - long term - related party	`ProceedsFromLinesOfCredit`	$766.72K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.04M	USD	3 Qtrs
Net increase in cash	`CashPeriodIncreaseDecrease`	$4.84K	USD	3 Qtrs
Cash at the beginning of the period	`CashCashEquivalentsAndShortTermInvestments`	$500.00	USD	Point-in-time
Cash at end of the period	`Cash`	$5.34K	USD	Point-in-time
Interest paid	`InterestPaid`	$115.49	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs

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