U C, Inc.
(formerly Symmetry Technologies, Inc.)
Financial Statements
For the Six Months Ended June 30, 2022
(Unaudited)
U C, Inc.
(formerly Symmetry Technologies, Inc.)
Table Of Contents
Page No. | |
Financial Statements | |
Balance Sheet | 3 |
Statement of Income | 4 |
Statement of Changes In Stockholders' Equity | 5 |
Statement of Cash Flows | 6 |
Notes on Accounts | 7-16 |
U C, Inc.
Balance Sheet
As of June 30, 2022 (unaudited)
6-Month | 12-Month | ||
June 30, 2022 | December 31, 2021 | ||
ASSETS | |||
Current Assets | |||
Cash | 190 | 1,025 | |
Accounts Receivable | 0 | 0 | |
Inventory | 0 | 0 | |
Prepaid Services | 11,000 | 0 | |
Other Current Assets | 0 | 0 | |
Total Current Assets | 11,190 | 1,025 | |
Fixed Assets | |||
Fixtures and Equipment | 0 | 0 | |
Depreciation and Writedowns | 0 | 0 | |
Other Fixed Assets | 0 | 0 | |
Total Fixed Assets | 0 | 0 | |
Other Assets | |||
Deferred Income Taxes | 0 | 0 | |
Other | 0 | 0 | |
Total Other Assets | 0 | 0 |
TOTAL ASSETS | 11,190 | 1,025 | |
LIABILITIES & EQUITY | |||
Liabilities | |||
Current Liabilities | |||
Accounts Payables | 68,718 | 40,948 | |
Related Party Payables | 21,178 | 8,143 | |
Short-term Loans - Related Party | 35,900 | 24,900 | |
Taxes Payable | 0 | 840 | |
Accrued Salary and Wages | 0 | 0 | |
Total Current Liabilities | 125,796 | 74,831 | |
Long Term Liabilities | |||
Notes Payable | 0 | 0 | |
Other Long Term Debt | 0 | 0 | |
Total Long Term Liabilities | 0 | 0 | |
Total Liabilities | 125,796 | 74,831 | |
Equity | |||
Preferred stock, Series A and B, par value $.001 | |||
per share, 1,100,000 shares authorized, 1,100,000 | |||
shares issued and outstanding as of June 30, 2022 | 1,100 | 1,100 | |
and 1,100,000 shares issued and outstanding on | |||
December 31, 2021. | |||
Preferred stock, Series C, par value $.50 per | |||
share, 5,000,000 shares authorized, 1,657,806 | |||
shares issued and outstanding as of June 30, 2022 | 828,903 | 828,903 | |
and at a par value of $.50 per share, 1,657,806 | |||
shares issued and outstanding as of December 31, | |||
2021. | |||
Common stock, par value $.0001, 900,000,000 | |||
shares authorized, 14,739,627 shares issued and | |||
outstanding as of June 30, 2022 and 14,739,627 | 1,474 | 1,474 | |
issued and outstanding as of December 31, 2021. | |||
Additional Paid-In Capital | 145,922 | 145,922 | |
Retained Earnings | (1,936,574) | (1,875,772) | |
Credit to Retained Earnings for Interest Forgiven | 807,143 | 807,143 | |
Change in Common Stock | 78,226 | 78,226 | |
Adjustments | 5,494 | 1,377 | |
Net Income (Loss) for Period | (46,294) | (62,179) | |
Total Equity | (114,606) | (73,806) | |
TOTAL LIABILITIES & EQUITY | 11,190 | 1,025 |
See accompanying notes | Page 3 |
U C, Inc.
Profit Loss
June 30, 2022 and 2021 (Unaudited)
12-Month | 3-Month | 3-Month | 6-Month | 6-Month | |||||
December 31, 2021 | March 31, 2022 | June 30, 2022 | June 30, 2022 | June 30, 2021 | |||||
Net Sales | 0 | 0 | 0 | 0 | 0 | ||||
Cost of Sales | 0 | 0 | 0 | 0 | 0 | ||||
Gross Profit | 0 | 0 | 0 | 0 | 0 | ||||
Operating Expenses | |||||||||
Advertising/Public Relations | 1,098 | 1,948 | 0 | 1,948 | 199 | ||||
Bad Debt | 0 | 0 | 0 | 0 | 0 | ||||
Commissions | 0 | 0 | 0 | 0 | 0 | ||||
Depreciation | 0 | 0 | 0 | 0 | 0 | ||||
Employee Benefits | 0 | 0 | 0 | 0 | 0 | ||||
Furniture and Equipment | 0 | 0 | 0 | 0 | 0 | ||||
Financing Payments | 0 | 0 | 0 | 0 | 0 | ||||
Insurance | 0 | 0 | 0 | 0 | 0 | ||||
Interest Expense (Accrued) | 0 | 0 | 0 | 0 | 39,955 | ||||
Maintenance and Repairs | 0 | 0 | 0 | 0 | 0 | ||||
Production Supplies | 0 | 0 | 0 | 0 | 0 | ||||
Office Supplies | 0 | 0 | 0 | 0 | 0 | ||||
Payroll Taxes | 0 | 0 | 0 | 0 | 0 | ||||
Property and Other Taxes | 840 | 965 | 0 | 965 | 0 | ||||
Rent | 0 | 0 | 0 | 0 | 0 | ||||
Utilities (Phones) | 323 | 87 | 0 | 87 | 165 | ||||
Research and Development | 0 | 0 | 0 | 0 | 0 | ||||
Salaries and Wages | 0 | 0 | 0 | 0 | 0 | ||||
Professional Fees | 37,436 | 31,350 | 2,552 | 33,902 | 10,000 | ||||
Other Fees | 12,625 | 1,524 | 3,530 | 5,054 | 1,659 | ||||
Travel & Entertainment | 2,404 | 2,404 | 0 | 2,404 | 0 | ||||
Transfer Agent | 7,453 | 1,407 | 507 | 1,914 | 1,014 | ||||
Web Hosting and domains | 0 | 0 | 0 | 0 | 0 | ||||
Web Development | 0 | 0 | 0 | 0 | 0 | ||||
Total Operating Expenses | 62,179 | 39,685 | 6,589 | 46,274 | 52,992 | ||||
Other Expenses | |||||||||
Write offs | 0 | 0 | 0 | 0 | 0 | ||||
Total Expenses | 62,179 | 39,685 | 6,589 | 46,274 | 52,992 | ||||
Net Income Before Taxes | (62,179) | (39,685) | (6,589) | (46,274) | (52,992) | ||||
Income Tax Expense | 0 | 0 | 0 | 0 | 0 | ||||
Net Income After Taxes | (62,179) | (39,685) | (6,589) | (46,274) | (52,992) | ||||
See accompanying notes | Page 4 |
U C, INC. (formerly Symmetry Technologies, Inc.)
STATEMENT OF STOCKHOLDERS EQUITY (DEFICIT)
FOR THE SIX MONTHS ENDED JUNE 30, 2022
(Unaudited) | ||||||||||||||||||||||||
Common Stock | Preferred Stock | Paid-in | Retained | Profit | Total | |||||||||||||||||||
Shares | Amount | Shares | Amount | Capital | Earnings/Adjustments | (Loss) | Equity | |||||||||||||||||
Balance, June 30, 2017 (unaudited) | 14,739,627 | $ | 1,474 | 1,100,000 | $ | 1,100 | $ | 145,922 | $ | (801,008) | $ | (299,724) | $ | (952,236) | ||||||||||
Net Profit (Loss) | (284,800) | (284,800) | ||||||||||||||||||||||
Balance, June 30, 2018 (unaudited) | 14,739,627 | $ | 1,474 | 1,100,000 | $ | 1,100 | $ | 145,922 | $ | (1,100,732) | $ | (284,800) | $ | (1,237,036) | ||||||||||
Shares issued for acquisiton of assets | 782,260,373 | 78,226 | 78,226 | |||||||||||||||||||||
Net Profit (Loss) | (209,040) | (209,040) | ||||||||||||||||||||||
Balance, June 30, 2019 (unaudited) | 797,000,000 | $ | 79,700 | 1,100,000 | $ | 1,100 | $ | 145,922 | $ | (1,385,532) | $ | (209,040) | $ | (1,367,850) | ||||||||||
Net Profit (Loss) | (98,485) | |||||||||||||||||||||||
Balance, December 31, 2019 (unaudited) | 797,000,000 | $ | 79,700 | 1,100,000 | $ | 1,100 | $ | 145,922 | $ | (1,594,572) | $ | (98,485) | $ | (1,466,335) | ||||||||||
Adjustment to Equity | (7,783) | |||||||||||||||||||||||
Net Profit (Loss) | (174,932) | (174,932) | ||||||||||||||||||||||
Balance, December 31, 2020 (unaudited) | 797,000,000 | $ | 79,700 | 1,100,000 | $ | 1,100 | $ | 145,922 | $ | (1,700,840) | $ | (174,932) | $ | (1,649,050) | ||||||||||
Cancellation of Shares from Acquisition | (782,260,373) | (78,226) | $ | 78,226 | ||||||||||||||||||||
Issuance of Series C Preferred Stock | 828,903 | $ | 828,903 | |||||||||||||||||||||
Adjustment in quantity of Series C Preferred | 828,903 | $ | 0 | |||||||||||||||||||||
Stock due to change in par value from $1.00 | ||||||||||||||||||||||||
to $.50 per share. | ||||||||||||||||||||||||
Adjustment for cancellation of Interest | $ | 807,143 | ||||||||||||||||||||||
Adjustment to Equity | $ | 1,377 | ||||||||||||||||||||||
Net Profit (Loss) | (62,179) | |||||||||||||||||||||||
Balance, December 31, 2021(unaudited) | 14,739,627 | $ | 1,474 | 2,757,806 | $ | 830,003 | $ | 145,922 | $ | (989,026) | $ | (62,179) | $ | (73,806) | ||||||||||
Adjustments | 7,305 | |||||||||||||||||||||||
Net Profit (Loss) | (39,685) | |||||||||||||||||||||||
Balance, March 31, 2022 (unaudited) | 14,739,627 | $ | 1,474 | 2,757,806 | $ | 830,003 | $ | 145,922 | $ | (1,043,900) | $ | (39,685) | $ | (106,186) | ||||||||||
Adjustments | (1,831) | |||||||||||||||||||||||
Net Profit (Loss) | (6,589) | |||||||||||||||||||||||
Balance, June 30, 2022 (unaudited) | 14,739,627 | $ | 1,474 | 2,757,806 | $ | 830,003 | $ | 145,922 | $ | (1,085,416) | $ | (6,589) | $ | (114,606) | ||||||||||
See accompanying notes | Page 5 |
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U C Inc. published this content on 11 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 19:36:04 UTC.