Dewmar International BMC, Inc.
Consolidated Balance Sheet
As of December 31, 2014
UNAUDITED
| Dewmar | |
| International | |
| Consolidated | |
|
| |
ASSETS |
| |
|
| |
Current Assets |
| |
Cash and cash equivalents | $ | 3,603,899 |
Account receivables |
| 100,502 |
Related party receivable |
| - |
Advances to related party |
| - |
Inventory |
| 128,499 |
Prepaid expenses and other current assets |
| - |
Total Current Assets | $ | 3,832,900 |
|
|
|
Investment in Cirrus MD |
| 20,000 |
|
|
|
Property & equipment, net of accumulated depreciation of $21,760 |
| 19,295 |
|
|
|
Total assets | $ | 3,872,195 |
|
|
|
LIABILITIES AND STOCKHOLDERS' DEFICIT |
|
|
|
|
|
Current Liabilities |
|
|
Accounts payable and accrued liabilities | $ | 762,323 |
Notes payable and Accrued Interest |
| 276,387 |
Convertible Notes payable, net of unamortized |
|
|
discount of $34,047 |
| 127,911 |
Derivative liability |
| 317,665 |
Total Current Liabilities | $ | 1,484,286 |
|
|
|
Total Liabilities | $ | 1,484,286 |
|
|
|
Stockholders' Equity |
|
|
Preferred Stock; $0.001 par value; 50,000,000 shares authorized; 50,000,000 and - issued and outstanding, respectively | $ | 50,000 |
|
|
|
Common stock; $0.001 par value; 2,450,000,000 shares authorized, 2,476,163,513 issued and outstanding at December 31, 2014 |
| 3,510,513 |
|
|
|
Additional paid-in capital |
| 3,586,296 |
Retained Earnings (Accumulated deficit) |
| (4,758,900) |
Total Stockholders' Deficit | $ | 2,387,909 |
|
|
|
Total Liabilities and Stockholders' Deficit | $ | 3,872,195 |
