10-K Filing

GIVEMEPOWER CORP CIK: 1064722 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001760319-21-000039`
Period End Date	20201231
Filing Date	20210414
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	gmpw-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 36 Cash Flow Statement 29

Balance Sheet 45 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.63K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$500.00	USD	Point-in-time
Investments - trading securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$45.40K	USD	Point-in-time
Investments - trading securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$91.28K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$45.90K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$92.91K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.75K	USD	Point-in-time
Investments - real estate	`RealEstateInvestments`	$664.11K	USD	Point-in-time
Investments - real estate	`RealEstateInvestments`	-	USD	Point-in-time
Total assets	`Assets`	$45.90K	USD	Point-in-time
Total assets	`Assets`	$764.77K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.54K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.81K	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	$115.00	USD	Point-in-time
Marginal loan payable	`LoansPayableCurrent`	$4.32K	USD	Point-in-time
Line of credit - related party, current portion	`LinesOfCreditCurrent`	$63.63K	USD	Point-in-time
Line of credit - related party, current portion	`LinesOfCreditCurrent`	$41.20K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$71.10K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$45.52K	USD	Point-in-time
Notes payable - net of current portion	`NotesPayableCurrent`	-	USD	Point-in-time
Notes payable - net of current portion	`NotesPayableCurrent`	$150.00K	USD	Point-in-time
Line of credit - related party, net of current portion	`EmployeeRelatedLiabilitiesCurrent`	$540.52K	USD	Point-in-time
Line of credit - related party, net of current portion	`EmployeeRelatedLiabilitiesCurrent`	-	USD	Point-in-time
Total Long-Term Liabilities	`LongTermInvestmentsAndReceivablesNet`	$690.52K	USD	Point-in-time
Total Long-Term Liabilities	`LongTermInvestmentsAndReceivablesNet`	-	USD	Point-in-time
Total Liabilities	`LiabilitiesNoncurrent`	$761.63K	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, 2020 and 2019 respectively.	`PreferredStockSharesIssued`	10.00	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, 2020 and 2019 respectively.	`PreferredStockSharesIssued`	1,013.00	shares	Point-in-time
Common Stock, $0.001 par value, 1,200,000,000 and 49,000,000 shares authorized, 42, 724,687 and 27,724,687 issued and outstanding as at December 31, 2020 and 2019 respectively.	`CommonStockSharesIssued`	42,784.00	shares	Point-in-time
Common Stock, $0.001 par value, 1,200,000,000 and 49,000,000 shares authorized, 42, 724,687 and 27,724,687 issued and outstanding as at December 31, 2020 and 2019 respectively.	`CommonStockSharesIssued`	27,725.00	shares	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.31M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.07M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.10M	USD	Point-in-time
Total Stockholders' equity	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
Total Stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.02K	USD	Point-in-time
Minority interest	`MinorityInterest`	-	USD	Point-in-time
Minority interest	`MinorityInterest`	$85.00	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$379.00	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.14K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`Liabilities`	$45.90K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`Liabilities`	$764.77K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Sales of investments under trading securities	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$423.14K	USD	Annual
Sales of investments under trading securities	`InterestAndDividendIncomeSecuritiesAvailableForSale`	$464.00	USD	Annual
Sales of investment under property	`GainLossOnSaleOfInvestments`	-	USD	Annual
Sales of investment under property	`GainLossOnSaleOfInvestments`	$1.21M	USD	Annual
Total Revenue	`Revenues`	$1.63M	USD	Annual
Total Revenue	`Revenues`	$464.00	USD	Annual
Cost of sales - trading securities	`OtherCostOfServices`	$374.69K	USD	Annual
Cost of sales - trading securities	`OtherCostOfServices`	-	USD	Annual
Cost of sales - property	`LandSales`	$1.18M	USD	Annual
Total cost of goods sold	`CostOfGoodsSold`	$1.55M	USD	Annual
Total cost of goods sold	`CostOfGoodsSold`	-	USD	Annual
General and administrative	`SellingGeneralAndAdministrativeExpense`	$71.00	USD	Annual
General and administrative	`SellingGeneralAndAdministrativeExpense`	$57.07K	USD	Annual
Professional fees	`ProfessionalFees`	$73.06K	USD	Annual
Advertising and promotions	`AdvertisingExpense`	$16.32K	USD	Annual
Interest expense	`InterestExpense`	$14.00	USD	Annual
Interest expense	`InterestExpense`	$3.01K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$10.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$159.46K	USD	Annual
Total operating expenses	`OperatingExpenses`	$85.00	USD	Annual
Income (loss) from operations	`IncomeLossFromContinuingOperations`	$379.00	USD	Annual
Income (loss) from operations	`IncomeLossFromContinuingOperations`	$-85.85K	USD	Annual
Dividends, net	`OtherIncome`	$174.00	USD	Annual
Unrealized gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	Annual
Unrealized gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.69K	USD	Annual
Total other expense, net	`InterestIncomeExpenseNet`	$2.87K	USD	Annual
Total other expense, net	`InterestIncomeExpenseNet`	-	USD	Annual
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$379.00	USD	Annual
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-82.98K	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$379.00	USD	Annual
Net loss	`NetIncomeLoss`	$-82.98K	USD	Annual
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	Annual
Earnings (loss) per Share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.72M	shares	Annual
Weighted Average Common Shares Outstanding: Basic and Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.72M	shares	Annual

Cash Flow Statement 29 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`ProfitLoss`	$-82.98K	USD	Annual
Net Income (Loss)	`ProfitLoss`	$379.00	USD	Annual
Inventory Asset: Trading Securities	`ProceedsFromPaymentsForTradingSecurities`	$-45.89K	USD	Annual
Inventory Asset: Trading Securities	`ProceedsFromPaymentsForTradingSecurities`	$-45.40K	USD	Annual
Depreciation	`Depreciation`	$2.30K	USD	Annual
Other Accrued Liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$6.55K	USD	Annual
Net Cash Flows Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-120.01K	USD	Annual
Net Cash Flows Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-45.02K	USD	Annual
Computer and Internet	`PaymentsForSoftware`	$7.50K	USD	Annual
Payment for real estate investment	`PaymentsToAcquireRealEstate`	$421.67K	USD	Annual
Net Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$429.17K	USD	Annual
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$41.20K	USD	Annual
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$150.00K	USD	Annual
Proceeds from issuance of marginal loan payable	`ProceedsFromIssuanceOfDebt`	$4.32K	USD	Annual
Proceeds from issuance of marginal loan payable	`ProceedsFromIssuanceOfDebt`	$-4.20K	USD	Annual
Proceeds from short term line of credit - related party	`ProceedsFromLongTermLinesOfCredit`	$122.43K	USD	Annual
Proceeds from long-term line of credit - related party	`ProceedsFromLinesOfCredit`	$-643.69K	USD	Annual
Proceeds from issuance of stocks	`ProceedsFromIssuanceOfCommonStock`	$55.70K	USD	Annual
New Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-319.76K	USD	Annual
New Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$45.52K	USD	Annual
Net Change in Cash:	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$500.00	USD	Annual
Net Change in Cash:	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-10.60K	USD	Annual
Beginning cash:	`Cash`	$12.23K	USD	Point-in-time
Ending Cash:	`CashAndCashEquivalentsAtCarryingValue`	$1.63K	USD	Point-in-time
Ending Cash:	`CashAndCashEquivalentsAtCarryingValue`	$500.00	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	$13.00	USD	Annual
Cash paid for tax	`PaymentsToSuppliersAndEmployees`	-	USD	Annual
Cash paid for tax	`PaymentsToSuppliersAndEmployees`	-	USD	Annual

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