ADD EXHB 6 ea164688ex99-2_nuvusgro.htm UNAUDITED FINANCIAL STATEMENTS FOR PRO MUSIC RIGHTS, INC. FOR THE SIX MONTHS ENDED JUNE 30, 2022

Exhibit 99.2

 

 

 

 

 

 

 

 

 

 

PRO MUSIC RIGHTS, INC.

FINANCIAL STATEMENTS (unaudited)

JUNE 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PRO MUSIC RIGHTS, INC.

BALANCE SHEETS (UNAUDITED)

 

  June 30,
2022		   March 31,
2022		 
ASSETS        
CURRENT ASSETS        
Cash  $175,725   $172,900 
Accounts receivable   432,358,623    377,579,645 
Prepayments   420    420 
Total Current Assets   432,534,768    377,752,965 
INTANGIBLE ASSETS   45,135    45,135 
TOTAL ASSETS  $432,579,903   $377,798,100 
           
LIABILITIES AND STOCKHOLDERS’ DEFICIT          
CURRENT LIABILITIES          
Accounts payable  $18,912   $13,648 
Sales tax payable   4,536    4,536 
Advances from a shareholder   357,218    310,132 
Deferred revenues   432,363,623    377,579,645 
Total Current Liabilities   432,744,289    377,907,961 
STOCKHOLDERS’ DEFICIENCY          
Common stocks   14,100    14,100 
Additional paid-in capital   278,814    278,814 
Deficit   (457,300)   (402,775)
Total Stockholders’ Deficiency   (164,386)   (109,861)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIENCY  $432,579,903   $377,798,100 

 

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PRO MUSIC RIGHTS, INC.

STATEMENTS OF OPERATIONS (UNAUDITED)

 

   For the Quarter Ending   For the
Six Months
Ending		 
   June 30,
2022		   March 31,
2022		   June 30,
2022		 
REVENUES  $35,390   $55   $35,445 
OPERATING EXPENSES               
Accounting and legal fees   63,762    60,057    123,819 
Professional fees   23,152    55,204    78,356 
Insurance   1,257    1,257    2,514 
Taxes and licenses   1,208    -    1,208 
Advertising and promotion   -    304    304 
Dues and subscriptions   166    68    234 
Others   370    587    957 
Total Operating Expenses   89,915    117,477    207,392 
NET LOSS  $(54,525)  $(117,422)  $(171,947)

 

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PRO MUSIC RIGHTS, INC.

STATEMENTS OF CASH FLOWS (UNAUDITED)

 

   For the Quarter Ending   For the
Six Months
Ending		 
   June 30,
2022		   March 31,
2022		   June 30,
2022		 
CASH FLOWS FROM OPERATING ACTIVITIES            
Net loss  $(54,525)  $(117,422)  $(171,947)
Changes in operating assets and liabilities:               
Accounts receivable   (54,778,978)   (54,196,357)   (108,975,335)
Prepayments   -    (419)   (419)
Accounts payable   5,264    7,614    12,878 
Deferred revenues   54,783,978    54,196,357    108,980,335 
Net cash used in operating activities   (44,261)   (110,227)   (154,488)
CASH FLOWS FROM FINANCING ACTIVITY               
Advances from a shareholder   47,086    110,232    157,318 
Net cash provided by financing activity   47,086    110,232    157,318 
NET CHANGE IN CASH   2,825    5    2,830 
CASH AT BEGINNING OF THE PERIOD   172,900    172,895    172,895 
CASH AT END OF THE PERIOD  $175,725   $172,900   $175,725 

 

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PRO MUSIC RIGHTS, INC.

STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT) (UNAUDITED)

FOR THE SIX MONTHS ENDING JUNE 30, 2022

 

   Common Stocks         
   Shares   Amount   Additional
Paid In
Capital		   Deficit   Total
Stockholders’
Deficiency		 
Balance as of January 1, 2022   1,410,000,000   $14,100   $278,814   $(285,353)  $7,561 
Net loss for the quarter ending March 31, 2022   -    -    -    (117,422)   (117,422)
Balance as of March 31, 2022   1,410,000,000    14,100    278,814    (402,775)   (109,861)
Net loss for the quarter ending June 30, 2022   -    -    -    (54,525)   (54,525)
Balance as of June 30, 2022   1,410,000,000   $14,100   $278,814   $(457,300)  $(164,386)

 

 

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