New You (NWYU) 8-K/A Financial Statements and Exhibits

Exhibit 99.1

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ST BRANDS, INC

Balance Sheet

December 31, 2020 and 2019

		2020			2019
Assets
Current assets	$	-		$	-
Noncurrent assets		-			-
Total assets	$	-		$	-
Liabilities and Deficiency in Stockholder’s Equity
Current liabilities:
Due to related party	$	388		$	338
Nonurrent liabilities:		-			-
Total liabilities		388			338
Commitments and contingencies
Deficiency in Stockholder’s Equity Common stock, $0.01par value, 1,000 shares authorized, issued and outstanding		10			10
Paid-in capital in excess of par		-			-
Accumulated deficit		(398	)		(348	)
Total deficiency in stockholder’s equity		(388	)		(338	)
Total liabilities and deficiency in stockholder’s equity	$	-		$	-

See accompanying notes to the financial statements.

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ST BRANDS, INC.

Statement of Operation

For the Period from October 22, 2019 (Inception) to December 31, 2019 and

For the Year Ended December 31, 2020

	2020			2019
Revenues	$	-		$	-
Operating expenses:
General and administrative		50			348
Total operating expenses		50			348
Operating loss		(50	)		(348	)
Net loss before income taxes		(50	)		(348	)
Income taxes		-			-
Net loss	$	(50	)	$	(348	)

See accompanying notes to the financial statements.

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ST BRANDS, INC.

Statement of Deficiency in Stockholder’s Equity

For the Period from October 22, 2019 (Inception) to December 31, 2019 and

For the Year Ended December 31, 2020

	Common Stock				Paid-in		Accumulated
	Shares		Value		Capital		Deficit			Total
Balance, October 22, 2019 (Inception)		-	$	-	$	-	$	-		$	-
Issuance of common stock		1,000		10		-		-			10
Net loss		-		-		-		(348	)		(348	)
Balance, December 31, 2019		1,000		10		-		(348	)		(338	)
Net loss		-		-		-		(50	)		(50	)
Balance, December 31, 2020		1,000	$	10	$	-	$	(398	)	$	(388	)

See accompanying notes to the financial statements.

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ST BRANDS, INC.

Statements of Cash Flows

For the Period from October 22, 2019 (Inception) to December 31, 2019 and

For the Year Ended December 31, 2020

	2020			2019
Cash flows from operating activities:
Net loss	$	(50	)	$	(348	)
Adjustment to reconcile net loss to net cash used in operating activities:
Increase in liabilities:
Due to related party		50			348
Net cash used in operating activities		-			-
Cash flows from investing activities:		-			-
Cash flows from financing activities:		-			-
Change in cash and cash equivalents		-			-
Cash and cash equivalents, beginning of period		-			-
Cash and cash equivalents, end of year	$	-		$	-
Supplemental cash flow information:
Cash paid for interest	$	-		$	-
Cash paid for taxes	$	-		$	-
Shares issued for settlement of related party payable	$	-		$	-

See accompanying notes to the financial statements.

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