PostAds (PTAD) 10-Q 13 May 22 2021 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2021	May 13, 2022
Cover [Abstract]
Entity Registrant Name	GLACIER WORLDWIDE, INC.
Entity Central Index Key	0001655971
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	true
Entity Emerging Growth Company	false
Entity Current Reporting Status	No
Document Period End Date	Mar. 31, 2021
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021
Entity Common Stock Shares Outstanding		100,617,900
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	333-208931
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	35-2539888
Entity Interactive Data Current	No
Entity Address Address Line 1	10390 Santa Monica Boulevard
Entity Address City Or Town	Los Angeles
Entity Address State Or Province	CA
Entity Address Postal Zip Code	90025
City Area Code	310
Local Phone Number	359-6791

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Current Assets
Cash	$ 0	$ 0
Total current assets	0	0
Total Assets	0	0
Current Liabilities
Accounts payable and accrued liabilities	140,444	127,283
Due to related party	2,823	2,500
Total current liabilities	143,267	129,783
Total Liabilities	143,267	129,783
Stockholders' Deficit
Series A Preferred stock: 10,000,000 shares authorized; $0.001 par value no shares issued and outstanding	0	0
Common stock: 150,000,000 shares authorized; $0.001 par value 100,076,400 shares issued and outstanding at March 31,2021 and December 31, 2020	100,076	100,076
Additional paid in capital	15,525	15,525
Accumulated deficit	(258,868)	(245,384)
Total Stockholders' Deficit	(143,267)	(129,783)
Total Liabilities and Stockholders' Deficit	$ 0	$ 0

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2020
Condensed Consolidated Balance Sheets (Unaudited)
Series A preferred stock, shares authorized	10,000,000	10,000,000	10,000,000
Series A preferred stock, par value	$ 0.001	$ 0.001	$ 0.001
Series A preferred stock, shares issued	0	0	0
Series A preferred stock, shares outstanding	0	0	0
Common stock, shares authorized	150,000,000	150,000,000	150,000,000
Common stock, par value	$ 0.001	$ 0.001	$ 0.001
Common stock, shares issued	100,076,400	100,076,400	10,076,400
Common stock, shares outstanding	100,076,400	10,076,400	10,076,400

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited)	3 Months Ended
	Mar. 31, 2021USD ($)$ / sharesshares
Condensed Consolidated Statements of Operations (Unaudited)
Revenue	$ 0
Operating Expenses
General and administrative	14
Professional fees	13,373
Total Operating Expenses	13,387
Loss from operations	(13,387)
Other Income (Expense)
Interest expense	(96)
Net Other Expense	(96)
Loss Before Provision for Income Taxes	(13,483)
Provision for Income Taxes	0
Net Loss	$ (13,484)
Net loss per common share: Basic and Diluted | $ / shares	$ 0
Weighted average number of common shares outstanding: Basic and Diluted | shares	100,076,400

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Changes in Stockholders Deficit - 3 months ended Mar. 31, 2021 - USD ($)	Total	Common Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)
Balance, shares at Dec. 31, 2020		100,076,400
Balance, amount at Dec. 31, 2020	$ (129,783)	$ 100,076	$ 15,525	$ (245,384)
Net loss	(13,484)	$ 0	0	(13,484)
Balance, shares at Mar. 31, 2021		100,076,400
Balance, amount at Mar. 31, 2021	$ (143,267)	$ 100,076	$ 15,525	$ (258,868)

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Cash Flows (Unaudited)	3 Months Ended
	Mar. 31, 2021USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$ (13,484)
Changes in current assets and liabilities:
Accounts payable and accrued liabilities	13,161
Expenses paid by related party	330
Net cash provided by (used in) operating activities	7
CASH FLOWS FROM FINANCING ACTIVITIES
Proceed from advances payable -related party	10
Repayment of advances payable - related party	(17)
Net cash provided by (used in) Financing Activities	(7)
Net cash increase for the period	0
Cash at beginning of period	0
Cash at end of period	0
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes	0
Cash paid for interest	$ 0

Organization, Business and Liqu

Organization, Business and Liquidity	3 Months Ended
	Mar. 31, 2021
Organization, Business and Liquidity
Organization, Business and Liquidity	NOTE 1 - ORGANIZATION, BUSINESS AND LIQUIDITY Organization and Operations Glacier Worldwide, Inc. (the “Company”) was formed on August 17, 2015, originally as PostAds, Inc., in the State of Nevada as a reorganization of a sole proprietor business with an inception date of August 26, 2013. The business was formed to provide an online platform at www.PostAds.com that offers an alternative marketplace for buyers and sellers of both new and pre-owned goods and service items (including jobs) together in an online market place that offers both retailers and service providers a forum to advertise and promote their goods and services while providing consumers a cost-effective way of locating and purchasing goods and services. On January 6,2021, the Company changed its name to Glacier Worldwide, Inc. (the “Company”). The Company is in the early stage since it has not commenced planned principal operations. Its activities since inception include devoting substantially all of its efforts to business planning and development. Additionally, it has allocated a substantial portion of its time and investment to the completion of development activities to launch its marketing plan and generate revenues and to raising capital. The Company has generated minimal revenue from operations. The Company’s activities during the development stage are subject to significant risks and uncertainties. Share Exchange and Reorganization On or about July 17, 2020 (the “Effective Date”), Drnq Budz Inc. (“DB”), merged into Glacier Worldwide Inc. and became a 100% subsidiary of the Company. Furthermore, the Company entered into and closed on a share exchange agreement with DB and its shareholder. Pursuant to the terms of the share exchange agreement, the Company issued 78,000,000 shares of its unregistered common stock to the shareholder of DB in exchange for one (1) share of DB common stock, representing 100% of its issued and outstanding common stock. DB became a wholly owned subsidiary of the Company. Per the terms and subject to the condition of the share exchange agreement, the Company canceled 2,000,000 shares of Series A Convertible Preferred Stock and 18,000,000 shares of common stock, at the time of the share exchange. Recapitalization For financial accounting purposes, this transaction was treated as a reverse acquisition by DB, and resulted in a recapitalization with DB being the accounting acquirer and Glacier Worldwide Inc. as the acquired company. The consummation of this reverse acquisition resulted in a change of control. Accordingly, the historical financial statements prior to the acquisition are those of the accounting acquirer, DB and have been prepared to give retroactive effect to the reverse acquisition completed on the Effective Date and represent the operations of DB. The consolidated financial statements after the acquisition date, July 17, 2020, include the balance sheets of both companies at historical cost, the historical results of DB and the results of the Company from the acquisition date. All share and per share information in the accompanying consolidated financial statements and footnotes has been retroactively restated to reflect the recapitalization. Going Concern Matters The accompanying consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”), which contemplates the Company’s continuation as a going concern. The Company has incurred operating losses of $13,484 for the three months ended March 31,2021 and has an accumulated deficit of $258,868 as of March 31, 2021. In addition, current assets exceed current liabilities by $143,267 as of March 31, 2021. Management intends to raise additional operating funds through equity and/or debt offerings. However, there can be no assurance management will be successful in its endeavors. There are no assurances that the Company will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, shareholder loans, and/or bank financing necessary to support its working capital requirements. To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, the Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available to the Company, it may be required to curtail or cease its operations. Due to uncertainties related to these matters, there exists a substantial doubt about the ability of the Company to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments related to the recoverability or classification of asset-carrying amounts or the amounts and classification of liabilities that may result should the Company be unable to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the unaudited interim consolidated financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the unaudited interim financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K, for the year ended December 31, 2020, as filed with the SEC on April 11,2022. Principles of Consolidation The unaudited consolidated financial statements include the accounts of the Company and all of its wholly owned subsidiary, Drnq Budz Inc. All significant inter-company balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of unaudited consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Some of these judgments can be subjective and complex, and, consequently, actual results may differ from these estimates. Recent Accounting Pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial statements.

Related Party Considerations

Related Party Considerations	3 Months Ended
	Mar. 31, 2021
Related Party Considerations
Related Party Considerations	NOTE 3 - RELATED PARTY CONSIDERATIONS During the three months ended March 31, 2021, the Company’s Principal Executive Officer advanced to the Company an amount of $330 by paying operation expenses on behalf of the Company. During the three months ended March 31, 2021, the Company’s Principal Executive Officer advanced to the Company an amount of $10, and the Company repaid $17 related party loans. As of March 31, 2021, and December 31, 2020, the Company was obliged to the officer, for an unsecured, non-interest -bearing demand loan a balance of $2,823 and $2,500, respectively.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2021
Stockholders' Equity
Stockholders' Equity	NOTE 4 - STOCKHOLDERS’ EQUITY Preferred Stock The Company has authorized 10,000,000 preferred shares with a par value of $0.001 per share. The Board of Directors is authorized to divide the authorized shares of Preferred Stock into one or more series, each of which shall be so designated as to distinguish the shares thereof from the shares of all other series and classes. As of March 31, 2021, and December 31, 2020, the Company had no shares of Preferred Stock issued and outstanding. Common Stock The Company has authorized 150,000,000 common shares with a par value of $0.001 per share. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought. During the period from April 22, 2020 (inception) to December 31, 2020, the Company issued common shares as follows: · 78,000,000 shares of commons stock for the acquisition of DB. · 40,000 shares of common stock for $10,000. As at March 31, 2021 and December 31,2020, the Company had 100,076,400 shares of common stock issued and outstanding.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2021
Subsequent Events
Subsequent Events	NOTE 5 - SUBSEQUENT EVENTS Management has evaluated subsequent events through the date of filling these consolidated financial statements were available to be issued. The Company issued 541,500 shares of common stock to unaffiliated investors for proceeds of $270,750.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
Summary of Significant Accounting Policies
Basis of Presentation	The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the unaudited interim consolidated financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the unaudited interim financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K, for the year ended December 31, 2020, as filed with the SEC on April 11,2022.
Principles of Consolidation	The unaudited consolidated financial statements include the accounts of the Company and all of its wholly owned subsidiary, Drnq Budz Inc. All significant inter-company balances and transactions have been eliminated in consolidation.
Use of Estimates	The preparation of unaudited consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Some of these judgments can be subjective and complex, and, consequently, actual results may differ from these estimates.
Recent Accounting Pronouncements	The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial statements.

Organization Business and Liqui

Organization Business and Liquidity (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2022	Dec. 31, 2020
Summary of Significant Accounting Policies
Unregistered common stock issued			78,000,000
Number of series A preferred stock cancelled			2,000,000
Number of common stock cancelled			18,000,000
Accumulated deficit	$ (258,868)	$ (258,868)	$ (245,384)
Operating losses	(13,484)
Current assets exceed current liabilities	$ 143,267

Related Party Considerations (D

Related Party Considerations (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Loan payable - related party	$ 2,823	$ 2,500
Executive Officer [Member]
Advances payable for related party	10	$ 330
Advance repayment from related parties	$ 17

Stockholders Equity (Deficit) (

Stockholders Equity (Deficit) (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2020
Common stock shares, authorized	150,000,000	150,000,000	150,000,000
Common stock shares, issued	100,076,400	100,076,400	10,076,400
Common stock shares, outstanding	100,076,400	10,076,400	10,076,400
Common stock, par value	$ 0.001	$ 0.001	$ 0.001
Preferred stock shares, authorized	10,000,000	10,000,000	10,000,000
Preferred stock, par value	$ 0.001	$ 0.001	$ 0.001
Preferred Stock shares, issued	0	0	0
Preferred Stock shares, outstanding	0	0	0
Drnq Budz
Commons stock shares acquisition	78,000,000
Common stock issued	40,000
Common stock issued, value	$ 10,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member]	3 Months Ended
	Mar. 31, 2022USD ($)shares
Shares issued | shares	541,500
Proceeds for investors unaffilited | $	$ 270,750