v3.23.1

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2022	Dec. 31, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 2,845	$ 197,255
Accounts receivables	750	898
Total current assets	3,595	198,153
Deposits	530	530
Property and equipment - net of depreciation	1,157,733	1,239,809
TOTAL ASSETS	1,161,859	1,438,492
CURRENT LIABILITIES:
Accounts payable and accrued expenses	476,543	513,065
Accrued expenses related party	675,349	402,347
Loan payable	75,000
Loan payable related party	273,605	133,605
Convertible note payable related party	200,000	200,000
Notes payable	43,003	7,250
Contingent liabilities	45,625	45,625
TOTAL CURRENT LIABILITIES	1,789,125	1,301,892
LONG TERM LIABILITIES
Mortgage payable	125,629	148,551
Total Long Term Liabilities	125,629	148,551
TOTAL LIABILITIES	1,914,754	1,450,443
Series A Preferred stock, $.001 par value; 2,000,000 shares authorized, no shares issued and outstanding as of December 31, 2022, 1,000,000 issued and outstanding as of December 31, 2021.		1,000
Common stock, $.001 par value; 3,998,000,000 shares authorized as of December 31, 2022 and December 31, 2021; 2,690,640,226 shares issued and outstanding as of December 31, 2022 and 2,677,529,115 shares issued and outstanding as of December 31, 2021.	2,690,640	2,677,529
Common stock subscribed, 6,806,011 shares at December 31, 2022 and December 31, 2021, respectively.	96,403	96,403
Additional paid-in capital	9,034,617	8,881,728
Accumulated deficit	(12,574,555)	(11,668,611)
TOTAL STOCKHOLDERS’ DEFICIT	(752,895)	(11,951)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$ 1,161,859	$ 1,438,492

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.

Real Brands, Inc. 10-K