What is the total stakeholder equity? GIGIDY INC Consolidated Statements of Cash Flows For the Year Ended
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What is the total stakeholder equity?
GIGIDY INC | ||||
Consolidated Statements of Cash Flows | ||||
For the Year Ended | For the Year Ended | |||
December31, | December31, | |||
2021 | 2020 | |||
Cash Flows From Operating Activities: | ||||
Net Loss | (481,287 | ) | (631,356 | |
Adjustments to reconcile net loss to net cash used in operations | ||||
In-kind contribution of services | 77,571 | 30,856 | ||
Depreciation expense | 233 | 5,801 | ||
Amortization of operating lease assets | 5,158 | 5,410 | ||
Changes in operating assets and liabilities: | ||||
Decrease (increase) in prepaid expenses and other current assets | 6,594 | (6,594 | ||
(Increase) decrease in inventory | (2,423 | ) | 90 | |
Decrease (increase) in interest receivable - related parties | 872 | (872 | ||
Increase (decrease) in accounts payable and accrued expenses | 2,255 | (66,593 | ||
Decrease in operating lease liability | (5,158 | ) | (5,410 | |
Net Cash Used In Operating Activities | (396,185 | ) | (668,668 | |
Cash Flows From Investing Activities: | ||||
Note receivable - related parties | (150,000 | ) | (150,000 | |
Repayment of note receivable - related parties | 300,000 | - | ||
Net Cash Provided By (Used in) Investing Activities | 150,000 | (150,000 | ||
Cash Flows From Financing Activities: | ||||
Proceeds from common stock issuance for cash | - | 2,500,000 | ||
Proceeds from/due to former officers | 1,000 | 11,732 | ||
Proceeds from/due to related party | 4,993 | - | ||
Repayment of due to related party | (8,445 | ) | - | |
Repayment of note payable - related party | - | (332,104 | ||
Proceeds from note payable - related party | - | 70,000 | ||
Purchase of treasury stock | - | (38,336 | ||
Net Cash (Used in) Provided by Financing Activities | (2,452 | ) | 2,211,292 | |
Net (Decrease) Increase in Cash | (248,637 | ) | 1,392,624 | |
Cash at Beginning of Year | 1,398,006 | 5,382 | ||
Cash at End of Year | 1,149,369 | 1,398,006 | ||
Supplemental disclosure of cash flow information: | ||||
Cash paid for interest | - | 9,091 | ||
Cash paid for taxes | - | - | ||
Supplemental disclosure of non-cash investing and financing activities: | ||||
Operating lease asset obtained for operating lease liability upon remeasurement | 10,569 | - | ||
Note payable-related party, converted into100,000shares of common stock | - | 100,000 |
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