v3.23.1

Balance Sheet - USD ($)	Dec. 31, 2022	Dec. 31, 2021
CURRENT ASSETS
Cash	$ 782,872	$ 1,488,419
Accounts receivable	0	0
Prepaid expenses	81,805	500
Total Current Assets	864,677	1,488,919
OTHER ASSETS
Total Other Assets	0	0
TOTAL ASSETS	864,677	1,488,919
CURRENT LIABILITIES
Accounts payable	2,952	2,000
Accrued expenses	172,218	16,285
Accrued taxes payable	800	800
Account payable - related party	293,938	339,179
Promissory note	1,555,479	1,510,479
Total Current Liabilities	2,025,387	1,868,742
TOTAL LIABILITIES	2,025,387	1,868,742
STOCKHOLDERS' EQUITY
Common stock: $0.001 par value, 80,000,000 shares authorized, 22,950,000 shares issued and outstanding at December 31, 2022 and 2021, respectively	22,950	22,950
Additional paid-in capital	18,550	18,550
Retained earnings	(1,202,210)	(421,323)
Total Stockholders' Equity	(1,160,710)	(379,823)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 864,677	$ 1,488,919

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Regnum Corp. 10-K