Investment in and Due to Related Company | 3. Investment in and Due to Related Company During the year ended December 31, 2019, the Company invested $ 7,600 38 45,064 Schedule of Restatement of Financial Statements Restatement Consolidated Statements of Operations and Comprehensive Loss Originally Reported Change As Restated For September 30, 2023 Expenses Automotive $ 6,819 - $ 6,819 Depreciation 375 - 375 Management fees 371,250 - 371,250 Office and miscellaneous 4,934 734 5,668 Professional fees 16,772 - 16,772 Rent 16,484 (734 ) 15,750 Telephone 2,561 - 2,561 Transfer agent and filing fees 14,744 - 14,744 Total expenses 433,939 - 433,939 Loss before other income (433,939 ) - (433,939 ) Other income (expense) Decrease in equity of investment in partnership (11,085 ) 11,085 - Net loss and comprehensive loss $ (445,024 ) 11,085 $ (433,939 ) Net loss per share, basic and diluted $ (0.003 ) - $ (0.003 ) Weighted average number of shares outstanding, basic and diluted 131,903,029 - 131,903,029 Originally Consolidated Statements of Cash Flows for September 30, 2023 Reported Change As Restated Operating Activities: Net loss for the period $ (445,024 ) $ 11,085 (433,939 ) Decrease in equity of partnership investment 11,085 (11,085 ) - Depreciation 375 - 375 Changes in operating assets and liabilities: Prepaids (3,764 ) - (3,764 ) Accounts payable and accrued liabilities 13,029 - 13,029 Due to related company (7,539 ) - (7,539 ) Due to related parties 431,880 (431,880 ) - Net cash used in operating activities - (431,880 ) (431,838 ) Cash flows from investing activities: Equipment purchase - - - Net cash used in investing activities - - - Cash flows from financing activities: Advances from related parties - 431,880 431,880 Net cash provided by financing activities - 431,880 431,880 Change in cash 42 - 42 Cash, beginning of period - - - Cash, end of period $ 42 $ – $ 42 Supplemental disclosures: Interest paid $ – $ – $ - Income tax paid $ – $ – $ - The due to related company amounts pertain to funds received on behalf of AQUAtap relating to rights agreements for water units. At September 30, 2024, a balance of $ 21,898 41,273 |