EXHIBIT 99.2
SANTO MINING CORP.
Comparative Condensed Consolidated Income Statement
(UNAUDITED)
| | March 31, | | March 31, | | December 31, |
| | 2019 | | 2018 | | 2018 |
| | | | | | |
REVENUES | | $ | 5,000 | | $ | - | | $ | 430 |
COST OF SALES | | $ | - | | $ | 850 | | $ | 989 |
| | | | | | | | | |
Gross Profit (loss) | | $ | 5,000 | | $ | (850) | | $ | (559) |
| | | | | | | | | |
OPERATING EXPENSES | | | | | | | | | |
| | | | | | | | | |
General and administrative | | | | | $ | 15,527 | | $ | 90,705 |
Professional fees | | $ | 10,343 | | $ | - | | $ | 240,000 |
Marketing and advertising | | $ | 30 | | $ | 1,755 | | $ | 2,230 |
Salaries and wages | | $ | 16,800 | | $ | - | | $ | 225,000 |
Officer Compensation | | | | | $ | 75,000 | | | |
| | | | | | | | | |
Total Operating Expenses | | $ | 27,173 | | $ | 92,282 | | $ | 558,205 |
| | | | | | | | | |
OPERATING (LOSS) | | $ | (22,173) | | $ | (93,132) | | $ | (558,764) |
| | | | | | | | | |
OTHER INCOME (EXPENSE) | | | | | | | | | |
| | | | | | | | | |
Other income (loss) | | $ | - | | | | | $ | (25,600) |
Gain on extinguishment of debt | | $ | - | | | | | $ | 41,000 |
Change in Fair value of derivative | | $ | (40,411) | | $ | 7,218 | | $ | (40,411) |
Interest expense | | $ | (464,566) | | $ | (18,056) | | $ | (464,566) |
| | | | | | | | | |
Total Other Income (Expense) | | $ | (504,977) | | $ | (10,838) | | $ | (489,577) |
| | | | | | | | | |
NET (LOSS) BEFORE INCOME TAXES | | $ | (527,150) | | $ | (103,970) | | $ | (1,048,341) |
Provision for income taxes | | | | | | | | | - |
| | | | | | | | | |
NET (LOSS) | | $ | (527,150) | | $ | (103,970) | | $ | (1,048,341) |
| | | | | | | | | |
BASIC AND DILUTED LOSS PER SHARE | | $ | - | | $ | 0.000001 | | $ | - |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | | | 9,915,559,063 | | | 8,038,588,127 | | | 8,205,636,105 |
| | | | | | | | | |
Weighted Average Shares Outstanding - Basic and Diluted | | | 9,915,559,063 | | | 8,038,588,127 | | | 8,205,636,105 |
| | | | | | | | | |
NET INCOME (LOSS) | | $ | (527,150) | | $ | (103,970) | | $ | (1,048,341) |
Foreign Currency Translation | | | | | | | | | |
TOTAL COMPREHENSIVE INCOME (LOSS) | | $ | (527,150) | | $ | (103,970) | | $ | (1,048,341) |
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SANTO MINING CORP.
Comparative Condensed Consolidated Balance Sheet
(UNAUDITED)
| | March 31, | | March 31, | | 31-Dec |
| | 2019 | | 2018 | | 2018 |
| | | | | | |
CURRENT ASSETS | | | | | | |
Cash and cash equivalents | | $ | (29,231) | | $ | 21,349 | | $ | 30,991 |
Other Assets | | $ | 27,378 | | | | | $ | 11,083 |
Total Current Assets | | $ | (1,853) | | $ | 21,349 | | $ | 42,074 |
Long Term Assets | | | | | | | | | |
Security Deposit | | $ | 4,200 | | | | | | |
Assets Held for Sale | | $ | - | | $ | 30,000 | | $ | 5,900 |
| | | | | | | | | |
Total Assets | | $ | 2,347 | | $ | 51,349 | | $ | 47,974 |
| | | | | | | | | |
LIABILITIES AND STOCKHOLDERS' DEFICIT | | | | | | | | | |
CURRENT LIABILITIES | | | | | | | | | |
Accounts payable and accrued expenses | | $ | - | | $ | 79,347 | | $ | 57,065 |
Accrued Compensation | | $ | 758,132 | | $ | 608,132 | | $ | 608,132 |
Stock Payable | | $ | - | | $ | 41,000 | | | - |
Accrued Interest - Convertible notes payable | | $ | 318,595 | | $ | 178,490 | | $ | 318,595 |
Convertible notes payable-current portion net of discount | | $ | 1,019,420 | | $ | 469,136 | | $ | 1,019,420 |
Derivative Liability/Debt Premium | | $ | 503,375 | | $ | 220,550 | | $ | 503,375 |
| | | | | | | | | |
Total Current Liabilities | | $ | 2,599,522 | | $ | 1,596,655 | | $ | 2,506,587 |
| | | | | | | | | |
LONG-TERM LIABILITIES | | | | | | - | | | - |
| | | | | | | | | |
Total Liabilities | | $ | 2,599,522 | | $ | 1,596,655 | | $ | 2,506,587 |
| | | | | | | | | |
STOCKHOLDERS' DEFICIT | | | | | | | | | |
Series A Preferred stock; par value of $.001, 500,000,000 shares authorized; | | $ | 500,000 | | $ | 300,000 | | $ | 150,000 |
500,000,000 and 300,000,000 shares issued and outstanding at | | | | | | | | | |
February 26, 2021 and March 31, 2018, respectively | | | | | | | | | |
Common stock: par value of $.00001, 20,000,000,000 shares authorized; | | | | | | | | | |
9,915,559,063 and 8,412,234,038 shares issued and outstanding at | | | | | | | | | |
February 26, 2021 and March 31, 2018, respectively | | $ | 99,155 | | $ | 82,315 | | $ | 84,122 |
Additional paid in capital | | $ | - | | $ | 2,528,296 | | $ | 2,699,582 |
Accumulated deficit | | $ | (5,392,318) | | $ | (4,455,917) | | $ | (5,392,318) |
Total Stockholders' Deficit | | $ | (2,458,612) | | $ | (1,545,306) | | $ | (2,458,612) |
| | | | | | | | | |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | | $ | (2,193,641) | | $ | 51,349 | | $ | 47,974 |
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SANTO MINING CORP.
Comparative Condensed Consolidated Cash Flow
(UNAUDITED)
| | March 31, | | March 31, | | December 31, |
| | 2019 | | 2018 | | 2018 |
| | | | | | |
OPERATING ACTIVITIES | | | | | | |
Net (Loss) | | $ | (527,150) | | $ | (103,970) | | $ | (1,048,341) |
Adjustments to reconcile net (loss) to net cash from operating activities: | | | | | | | | | |
| | | | | | | | | |
Notes for professional services | | $ | 240,000 | | $ | - | | $ | 240,000 |
Gain on debt extinguishment | | $ | - | | $ | - | | $ | (41,000) |
Expropriation of asset | | $ | - | | $ | - | | $ | 25,600 |
Derivative expense | | $ | - | | $ | - | | $ | 40,411 |
Officer advances/(repayment) | | $ | - | | $ | - | | $ | - |
Accretion of debt premium on notes | | $ | 150,000 | | $ | - | | $ | 150,000 |
Discount amortization on convertible notes | | $ | 173,036 | | $ | - | | $ | 173,036 |
Changes in operating assets and liabilities: | | | | | | | | | |
Accounts Receivable: | | $ | - | | $ | - | | - | |
Security Deposit Saigon | | $ | 4,520 | | $ | - | | $ | - |
Inventory | | | | | | | | $ | (11,083) |
Other current assets | | $ | 35,000 | | $ | 30,126 | | $ | 23,835 |
Accounts Payable | | $ | 2,500 | | $ | - | | $ | 15,388 |
Accrued Compensation | | $ | 758,132 | | $ | 75,000 | | $ | 225,000 |
Accrued Interest on Convertible Notes | | $ | 134,952 | | $ | (9,084) | | $ | 131,021 |
Net Cash (Used) From Operating Activities | | $ | 970,990 | | $ | (7,928) | | $ | (65,049) |
| | | | | | | | | |
Investing | | | | | | | | | |
| | | | | | | | | |
Assets Held for Sale | | $ | (30,000) | | $ | (30,000) | | $ | (30,000) |
Net Cash (Used) from Investing | | $ | (30,000) | | $ | (30,000) | | $ | (30,000) |
| | | | | | | | | |
FINANCING ACTIVITIES | | | | | | | | | |
| | | | | | | | | |
Proceeds from merger breakup fee | | $ | - | | | | | $ | 41,000 |
Proceeds from Preferred Stock sale | | $ | - | | $ | 41,000 | | | |
Proceeds from convertible note issuance | | $ | - | | $ | 14,000 | | $ | 90,500 |
Derivative Liability/Debt Premium | | $ | - | | $ | 16,955 | | | |
Gain from Debt Extinguishment | | $ | - | | $ | (7,218) | | | |
Net Cash From Financing Activities | | $ | 15,000 | | $ | 64,737 | | $ | 131,500 |
| | | | | | | | | |
Net Increase (Decrease) in Cash and Cash Equivalents | | $ | 955,990 | | $ | 26,809 | | $ | 36,451 |
| | | | | | | | | |
Cash and Cash Equivalents, Beginning of Period | | $ | (5,460) | | $ | (5,460) | | $ | (5,460) |
| | | | | | | | | |
Cash and Cash Equivalents, End of Period | | $ | (1,853) | | $ | 21,349 | | $ | 30,991 |
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CERTIFICATION
I, Franjose Yglesias, certify that:
1.I have reviewed the unaudited comparative condensed consolidated Q1-2019 financials.
2.Based on my knowledge, these unaudited comparative condensed consolidated Q1-2019 financials do not contain any untrue statements of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this unaudited comparative condensed consolidated Q1-2019 financials; and
3.Based on my knowledge, the financial statements and other financial information included or incorporated by reference in this disclosure statement, fairly present, in all material respects, the financial condition, results of operations and cash flows of the issuer as of, and for, the periods presented in this disclosure statement.
/s/Franjose Yglesias
Franjose Yglesias
Santo Mining Corp.
CEO
Dated: March 2, 2021
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