Business Consulting
IDGLobal Corp.
ID Global Corporation and Subsidiary
Consolidated Statement of Changes in Stockholders' Equity/(Deficit)
From December 31, 2013 to December 31,2015
(Unaudited)
Common Stock Preferred Stock Additional Total Paid-In Accumulated Total Stockholders' Deficit
Balances Shares Amount Shares Amount Capital Deficit Balance
December 31, 2013 965,867,597 $ 96,587 10,000,000 $ 1,000 $ 4,901,034 $ (6,357,738) $ (1,359,117)
Stock based compensation 20,000,000 2,000 598,000 600,000
Issuance of common stock for
payments on convertible notes 900,200,000 90,020 423,560 513,580
Amended Articles of Incorporation
- change in par (167,946) (2,700) 170,646
Stock based compensation 20,000,000 200 999,800 1,000,000
Issuance of common stock
for payments on
convertible notes 1,445,095,360 14,451 1,301,092 1,315,543
Issuance of common stock
for payments on
convertible notes 765,752,300 55,000 695,000 550,000
Net Income (Loss) For the Year Ended
December 31, 2014 ( 591,303 ) (591,303)
Balance, December 31, 2014
4,076,915,257 $ 88,112 50,000,000 500 $ 9,728,076 $ (6,949,041) $ (2,867,647)
Issuance of common
stock for Settlement
of debt 500,000,000 50,000 (400,343) 50,000
Stock based compensation 30,000,000 300 (999,700) 1,000,000
Issuance of common stock
For payments on convertible
notes 550,000,000 55,000 15,000 70,000
Issuance of common stock 400,000,000 40,000 40,000
Net Income (Loss) For The
Year Ended December 31, 2015 51,253 51,253
Balance, December 31, 2015
5,526,915,257 $214,687 80,000,000 $ 800 $ 8,343,033 $ (6,897,788) $ (1,656,394)
ID Global Corporation and Subsidiary
Consolidated Balance Sheets
As of December 31, 2015 and 2014
(Unaudited)
Current assets ASSETS 12/31/2015 12/31/2014
Cash $ 1,175 $ 1,072
Prepaid compensation 0 0
Total current assets 1,175 1,072
Fixed Assets Cars,
Trucks, Furniture 5,496 5,496
Less Accumulated
depreciation (1,158) (386)
Net Fixed Assets 4,338 5,110
Total other assets 1,027,094 322,394
Total assets $ 1,032,607 $ 328,576
LIABILITIES & STOCKHOLDERS' DEFICIT
Current liabilities
Trade accounts payable 393,881 421,072
Accrued interest 154,411 146,086
Notes payable 1 269,580 326,059
Convertible notes
payable 381,695 229,703
Derivative liability
portion of convertible
notes 1,485,096 2,073,303
Total current liabilities 2,684,663 3,196,223
Stockholders' deficit
Common stock (par 0.0001, 7,500,000,000
authorized, and 5,526,915,257 issued and outstanding
at December 31, 2015 and 3,861,162,957 issued and outstanding at
December 31, 2014 ) 214,687 88,112
Preferred stock (par 0.0001, 100,000,000
authorized, and 80,000,000 issued and outstanding)
800 500
Additional paid in capital 8,343,033 9,728,076
Accumulated deficit (6,897,788) (6,949.041)
Total stockholders' deficit (1,656,394) (2,867,647)
Total liabilities and
stockholders' deficit $ 1,032,607 $ 328,576
Revenue Consulting income $ 135,433 $ 0
Operating expenses
Outside services 25,000 553,820
Professional fees 14,990 71,330
Rent 4,170
Transfer agent fees 1,996 11,578
Office expenses 11,984 13,602
Travel 5,376 8,089
Other 11,522 0
Depreciation 772 386
Insurance 0 4,500
Investor Relations Licenses
& permits - 2,638
Meals & entertainment 0 7,097
Total operating expenses 71,640 677,210
Other income / (expenses)
Capital Gain 17,586
Unrealized gain 89,859
Interest expense (12,540) (21,538
Change in value of derivative liabilities 0
Net other income / (expenses) (12,540) 85,907
Net income / (loss) $ 51,253 $ (591,303)
Weighted average number of
common shares
outstanding 4,751,915,257 2,328,501,242
Net income / (loss) per share $ 0.00 $ 0.00
ID Global Corporation and Subsidiary Consolidated Financial Statements As of December 31, 2015 and 2014.
ID Global Corporation and Subsidiary 2801 Lakeside Drive Bannockburn, Ill 60015
I hereby certify that the accompanying unaudited financial statements and related footnotes and supplementary information hereto are based on the best information currently available to the Company. To the best of my knowledge, this information presents fairly, in all material respects, the financial position and stockholders’ equity of ID Global Corporation and Subsidiary as of December 31, 2015 and 2014 and the results of its operations and cash flows for the year ended December 31, 2015 and 2014, in conformity with accounting principles generally accepted in the United States of America.
/s/ Sebastien Dufort, President
ID Global Corporation and Subsidiary
Consolidated Statements of Cash Flows
For the Year Ended December 31, 2015 and 2014 (Unaudited)
Year Ended Year Ended
12/31/2015 12/31/2014
Cash flows from operating activities
Net income / (loss) $ 51,253 $ (591,303) Adjustment to reconcile net income / (loss)
to net cash used in operating activities
Stock based compensation 57,043 Trade accounts payable change (10,609) 490,161 Change in value of derivative liabilities (775,000)
Gain on accrued interest settlement
Income received in shares (35,500) Unrealized gain ( PYHH) 775,000 (4,761) Accrued interest (8,325) 5,558 cash used in operating activities 32,319 (78,802) Cash flows from investing activities
Cash paid for stock investments 0 (5,000) Cash flows from financing activities
Payments against notes payable (15,000) Notes payable 32,422 81,802
Net cash provided by financing activities 32,422 66,802 Net cash increase for the period $ 103 (17,000) Cash at the beginning of period 1,072 18,072 Cash at the end of period $ 1,175 $ 1,072
See accompanying notes to financial statements.