Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - BIOXYTRAN, INC | f8k112217_usrareearth.htm |
EXHIBIT A
U.S. RARE EARTH MINERALS, INC.
BALANCE SHEETS
(UNAUDITED)
| November 20, | December 31, | |||||||
| 2017 | 2016 | |||||||
| ASSETS | ||||||||
| CURRENT ASSETS: | ||||||||
| Cash | $ | 22,662 | $ | 11,092 | ||||
| Accounts Receivable | 44,379 | 9,600 | ||||||
| Inventory | 5,481 | 6,272 | ||||||
| Total current assets | $ | 72,522 | $ | 26,964 | ||||
| Property and Equipment, Net of Accumulated Depreciation of $275,161 and $266,366 respectively | 686,535 | 24,707 | ||||||
| TOTAL ASSETS | $ | 759,057 | $ | 51,671 | ||||
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||||||||
| CURRENT LIABILITIES: | ||||||||
| Accounts payable and accrued expenses | $ | 7,568 | $ | 37,165 | ||||
| Accounts payable – related party | - | 168,325 | ||||||
| 10% Series A Senior (non-subordinated) debentures | 5,000 | 5,000 | ||||||
| Loans payable | 25,000 | 25,000 | ||||||
| Notes payable | 80,000 | 80,000 | ||||||
| Accrued interest | 27,676 | 26,776 | ||||||
| Total current liabilities | 145,194 | 342,266 | ||||||
| Total liabilities | 145,194 | 342,266 | ||||||
| STOCKHOLDERS' DEFICIT: | ||||||||
| Preferred stock: $0.001 par value; 50,000,000 authorized, 440,500 shares issued and outstanding as of June 30, 2017 and December 31, 2016 | 441 | 441 | ||||||
| Common stock: $0.001 par value; 300,000,000 authorized, 105,416,350 and 28,166,350 shares issued and outstanding as of November 20, 2017 and December 31, 2016 respectively | 105,416 | 28,166 | ||||||
| Additional paid in capital | 14,637,719 | 13,563,598 | ||||||
| Accumulated deficit | (14,129,713 | ) | (13,882,800 | ) | ||||
| Total stockholders' deficit | 613,863 | (290,595 | ) | |||||
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ | 759,057 | $ | 51,671 | ||||