v3.22.2.2

Consolidated Balance Sheets - USD ($)	Mar. 31, 2022	Dec. 31, 2020
Current Assets
Cash and due from banks	$ 19,957,619	$ 12,436,662
Investment activities	1,600	1,600
Accounts receivable - related party		0
Accounts receivable
Security Deposit	131,225	137,603
Prepaid Expenses	4,545,966	4,471,435
Total current assets	24,636,411	17,047,300
Non-current Assets
Intangible assets, net	1,312,854	1,235,857
Total non-current assets	1,312,854	1,235,857
Total assets	25,949,264	18,283,158
Liabilities:
Deposits	5,038,145	2,476,486
Accounts payable and accrued expenses	271,629	477,927
Accrued interest - related party
Accounts payable related party		0
Notes payable to related party	105,386	105,386
Income tax payable
Total liabilities	5,415,159	3,059,799
Commitments and Contingencies
Shareholders’ equity
Preferred stock ($0.001 par value, 650,000 shares authorized, 650,000 and zero shares issued and outstanding at June 30, 2021 and December 31, 2020)	650	650
Common stock ($0.001 par value, 7,500,000 shares authorized, 7,539,000 and 7,489,000 shares issued and outstanding at Dec 31, 2021 and 2020)	7,539	7,539
Additional paid in capital	1,580,028	1,580,028
Accumulated income (deficit)	18,504,915	13,179,281
Statutory reserves	440,972	440,973
Other comprehensive income	1	14,888
Total shareholders’ equity	20,534,105	15,223,359
Total liabilities and shareholders’ equity	$ 25,949,264	$ 18,283,158

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Migom Global Corp. 10-Q