Financial reports / Seguin Natural Hair Products Inc. | Tables in SEC filings

SNHR Seguin Natural Hair Products Inc.

6 Mar 18

Quarterly report (amended)

7:00pm

Unaudited

	For the nine months		For the nine months
	ending		ending
	December 31, 2017		December 31, 2016

CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(117,927)		(42,837)
Adjustments to reconcile net loss to net cash used in operating activities
Stock based compensation		5
Amortization on debt discount		37,306
Changes in operating assets and liabilities:
Prepaid Expenses				2,280
Accrued expenses and other current liabilities		26,577

Net cash used in operating activities		(54,039)		(40,557)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from capital contribution		1,000		19,330
Proceeds from related party convertible note		30,700
Proceeds from convertible note		10,000
Proceeds from promissory notes payable – related parties		12,500

Net cash provided by financing activities		54,200		19,330

Net change in cash		161		(21,227)

Cash at beginning of the reporting period		622		21,781

Cash at end of the reporting period	$	783		554

SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:

Interest paid	$	-	$	-

Income tax paid	$	-	$	-

SUPPLIMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS

Debt discount recorded on convertible debt due to beneficial conversion feature	$	40,595	$	-
Expenses paid by related party on behalf of the company		11,095

	December 31, 2017		March 31, 2017

ASSETS
CURRENT ASSETS:
Cash	$	783	$	622

Total Current Assets		783		622

Total Assets	$	783	$	622

LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES:
Accrued expenses and other current liabilities	$	17,731	$	2,249
Convertible note payable related party, net of unamortized discount		38,506		-
Convertible note payable		10,000
Promissory notes payable – related parties		12,500		-
Advances from stockholders		236		236

Total Current Liabilities		78,973		2,485

Total Liabilities		78,973		2,485

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' DEFICIT:
Common stock par value $0.0001: 500,000,000 shares authorized; 16,550,000 and 16,500,000 shares issued and outstanding as of December 31, 2017 and March 31, 2017; respectively		1,655		1,650
Additional paid-in capital		132,288		90,693
Accumulated deficit		(212,133)		(94,206)

Total Stockholders' Deficit		(78,190)		(1,863)

Total Liabilities and Stockholders' Deficit	$	783	$	622

	For nine months ending December 31, 2017		For nine months ending December 31, 2016		For three months ending December 31, 2017		For three months ending December 31, 2016
Operating Expenses
Professional fees		72,638	$	30,039		35,863	$	2,830
General and administrative expenses		2,536		12,798		439		8,558

Total operating expenses		75,174		42,837		36,302		11,388

Loss from Operations		(75,174)		(42,837)		(36,302)		(11,388)

Other Expenses
Interest expense		(42,753)		-		(38,965)		-
Total other expense		(42,753)		-		(38,965)		-

Net Loss	$	(117,927)	$	(42,837)	$	(75,267)	$	(11,388)

Net Loss per Common Share - Basic and Diluted	$	(0.01)	$	(0.00)	$	(0.00)	$	(0.00)

Weighted average common shares outstanding: - basic and diluted		16,527,555		16,500,000		16,550,000		16,500,000

	December 31, 2017		March 31, 2017

ASSETS
CURRENT ASSETS:
Cash	$	783	$	622

Total Current Assets		783		622

Total Assets	$	783	$	622

LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES:
Accrued expenses and other current liabilities	$	17,731	$	2,249
Convertible note payable related party, net of unamortized discount		38,506		-
Convertible note payable		10,000
Promissory notes payable – related parties		12,500		-
Advances from stockholders		236		236

Total Current Liabilities		78,973		2,485

Total Liabilities		78,973		2,485

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' DEFICIT:
Common stock par value $0.0001: 500,000,000 shares authorized; 16,550,000 and 16,500,000 shares issued and outstanding as of December 31, 2017 and March 31, 2017; respectively		1,655		1,650
Additional paid-in capital		132,288		90,693
Accumulated deficit		(212,133)		(94,206)

Total Stockholders' Deficit		(78,190)		(1,863)

Total Liabilities and Stockholders' Deficit	$	783	$	622

	For nine months ending December 31, 2017		For nine months ending December 31, 2016		For three months ending December 31, 2017		For three months ending December 31, 2016
Operating Expenses
Professional fees		72,638	$	30,039		35,863	$	2,830
General and administrative expenses		2,536		12,798		439		8,558

Total operating expenses		75,174		42,837		36,302		11,388

Loss from Operations		(75,174)		(42,837)		(36,302)		(11,388)

Other Expenses
Interest expense		(42,753)		-		(38,965)		-
Total other expense		(42,753)		-		(38,965)		-

Net Loss	$	(117,927)	$	(42,837)	$	(75,267)	$	(11,388)

Net Loss per Common Share - Basic and Diluted	$	(0.01)	$	(0.00)	$	(0.00)	$	(0.00)

Weighted average common shares outstanding: - basic and diluted		16,527,555		16,500,000		16,550,000		16,500,000

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