Balance Sheet
	As at December 31, 2022 and 2021
		2022	2021
		$	$
	ASSETS
	Current
	Cash and cash equivalents	264,583	138,800
	Trade and other receivables	35,201	27,874
	Prepaids expenses	7,000	5,000
	Inventory	42,000	41,456
		348,783	213,130
	Non-current
	Property, plant, and equipment	112,985	72,485
	Intangible assets	12,000	13,500
	TOTAL ASSETS	473,768	299,115
	LIABILITIES
	Current
	Accounts payable and accrued liabilities	52,500	41,456
	Line of credit	150,000	100,000
	Tax payable	22,631	26,915
	TOTAL LIABILITIES	225,131	168,370
	SHAREHOLDER'S EQUITY
	Share capital	100,000	50,000
	Retained Earnings	148,637	80,744
		248,637	130,744
	TOTAL LIABILITIES AND EQUITY	473,768	299,115
	Check	$ -	$ -
	Income Statement
	For the year ended December 31, 2022 and 2021
		2021	2020
		$	$
	Revenue
	Sale of goods	350,000	276,370
	Service revenue	2,005	2,373
	Total revenue	352,005	278,743
	Cost of sales
	Cost of services	1,128	1,081
	Costs of goods sales	210,000	138,185
	Total cost of sales	211,128	139,266
	Gross profit (loss)	140,877	139,477
	Expenses
	General and administrative	11,385	9,792
	Wages and benefits	10,875	7,514
	Depreciation	9,500	7,515
	Amortization	1,500	1,500
	Travel expenses	9,944	904
		43,204	27,225
	Other expenses (income)
	Interest expense	7,500	5,000
	Other income	(351)	(407)
		7,149	4,593
	Net income before income taxes	90,524	107,659
	Income tax	22,631	26,915
	Net loss and comprehensive loss	67,893	80,744
	Statement of Cash Flows
	For the year ended December 31, 2022
		2022
		$
	Operating activities
	Net loss for the period
	Adjustments for non-cash items:
	Depreciation
	Amortization
	Changes in operating working capital:
	Trade receivable
	Prepaids and deposits
	Inventory
	Accounts payable and accrued liabilities
	Tax payable
	Net cash used in operating activities
	Investing activities
	Acquisition of property, plant and equipment
	Net cash used in investing activities
	Financing activities
	Proceeds from line of credit
	Proceeds from the issuance of common shares
	Net cash provided by financing activities
	Change in cash and cash equivalents
	Cash and cash equivalents, beginning of period
	Cash and cash equivalents, end of period
	Check: s/b zero
	Ratios	Current Year	Benchmark
	Current ratio		1.20
	Quick ratio		1.00
	AR turnover		12
	Invetnory turnover		12
	AP turnover
	ROA		0.27
	ROE		0.62
	Gross margin %		50%
	Total assets turnover		0.93
	Capital assets turnover		0.93
	Debt ratio		0.56
	debt to equity ratio		1.29
	Interest coverage ratio		22.53