Document and Entity Information
Document and Entity Information | 3 Months Ended |
Mar. 31, 2020shares | |
Document and Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2020 |
Document Fiscal Year Focus | 2020 |
Document Fiscal Period Focus | Q1 |
Entity Registrant Name | GIVEMEPOWER CORPORATION |
Entity Central Index Key | 0001064722 |
Current Fiscal Year End Date | --12-31 |
Entity Filer Category | Non-accelerated Filer |
Entity Common Stock, Shares Outstanding | 27,724,684 |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Shell Company | false |
Entity Small Business | true |
Entity Emerging Growth Company | false |
Entity Ex Transition Period | false |
CONSOLIDATED BALANCE SHEETS (Un
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) | Mar. 31, 2020 | Dec. 31, 2019 |
Current Assets | ||
Cash and Cash Equivalents | $ 104,017 | $ 500 |
Marketable Securities | 26,122 | 45,396 |
Total Current Assets | 130,139 | 45,896 |
Total Assets | 130,139 | 45,896 |
LIABILITIES AND SHAREHOLDERS' DEFICIT | ||
Accounts Payable | 0 | 0 |
Accruals - Related Parties | 0 | 0 |
Loans - Unrelated Parties | 0 | 4,317 |
Loans - Related Parties | 163,201 | 41,200 |
Total Current Liabilities | 163,201 | 45,517 |
Total Liabilities | $ 163,201 | $ 45,517 |
Shareholders' Deficit | ||
Preferred Stock, $0.001 par value, 1,000,000 shares authorized,none issued or outstanding as at December 31, 2018, 1 issued and outstanding as at December 31, 2019 | 1 | 1 |
Common Stock, $0.001 par value, 49,000,000 shares authorized, 27,724,687 issued and outstanding as at December 31, 2018 and 2019 respectively | 1 | 1 |
Additional Paid-In Capital | $ 1 | $ 1 |
Accumulated Deficit | 30,364 | 379 |
Other Comprehensive Income/Loss | (63,426) | |
Total Shareholders' Deficit | (33,061) | 380 |
Total Liabilities and Shareholders' Deficit | $ 130,140 | $ 45,897 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Income Statement [Abstract] | ||
REVENUE | $ 192,992 | $ 0 |
COST OF SALES | 157,877 | 0 |
GROSS PROFIT | 35,115 | 0 |
EXPENSES | ||
General and administrative expenses | 5,202 | 0 |
Total Expenses | 5,202 | 0 |
OPERATING PROFIT/LOSS | 29,913 | 0 |
OTHER INCOME | ||
Gain on settlement of liabilities | 0 | 0 |
INCOME (LOSS) BEFORE TAXES | 29,913 | 0 |
TAXES | 0 | 0 |
Net Income (Loss) per Common Share: Basic and Diluted | $ 0.00108 | $ 0 |
Weighted Average Common Shares Outstanding: Basic and Diluted | 27,724,687 | 27,724,687 |
STATEMENTS OF CASHFLOWS (Unaudi
STATEMENTS OF CASHFLOWS (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Cash Flows from Operating Activities: | ||
Net Income (Loss) | $ 29,914 | $ 0 |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
Inventory Asset:Trading Securities | 19,345 | |
TDAmeritrade Margin Loan | (4,317) | |
Net Cash Flows Used in Operating Activities | 44,942 | 0 |
Net Cash Flows from Financing Activities | ||
Loan from related parties | 122,000 | |
Accumulated Other Comp Income/Loss | (63,426) | |
New Cash Flows from Financing Activities | 58,574 | 0 |
Net Change in Cash: | 103,516 | 0 |
Beginning cash: | ||
Ending Cash: | 103,516 | 0 |
Supplemental Disclosures of Cash Flow Information: | ||
Cash paid for interest | 32 | 0 |
Supplemental Disclosures of Non-Cash Financing Activities | ||
Shares issued to settle accounts payable | 0 | 0 |
Shares issued to settle accruals - related parties | $ 0 | $ 0 |