NOTES
TO CONDENSED INTERIM FINANCIAL STATEMENTS
December
31, 2016
(Unaudited)
NOTE
1. GENERAL ORGANIZATION AND BUSINESS
Inspired
Builders, Inc. (the “Company”) was incorporated in the State of Nevada in February 2010. Until August 15, 2017 the
Company was directing it’s focus on acquiring, investing in, developing and managing real estate properties and related
investments. On August 15, 2017, Inspired Builders (the “Company”), the majority shareholders of the Company (the
“Sellers”) and JJL Capital Management, LLC (the “Purchaser”) entered into a stock purchase agreement (the
“Stock Purchase Agreement”), whereby the Purchaser purchased from the Sellers 5,643,979 shares of common stock, par
value $0.001 per share, of the Company (the “Shares”), representing approximately 50.73% of the issued and outstanding
shares of the Company, for an aggregate purchase price of $564.39 (the “Purchase Price”). On August 16, 2017, the
closing of the transaction occurred (“Closing Date”). Pursuant to the change in control transaction, we relocated
to Miami, Florida and ceased all operations as a real estate company. Also, in connection therewith, Matthew Nordgren, the Company’s
sole officer and Director, resigned from his positions and named Scott Silverman as sole director and to the positions of CEO,
CFO, Chief Accounting Officer and Secretary.
The
accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted
in The United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial
information. Accordingly, they do not include all of the information necessary for a comprehensive presentation of financial position
and results of operations. The interim results for the period ended December 31, 2016 are not necessarily indicative of expected
results for the full fiscal year. It is management’s opinion, however that all material adjustments (consisting of normal
recurring adjustments) have been made which are necessary for a fair financial statements presentation.
NOTE
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Use
of Estimates
The
preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make
estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Such estimates
and assumptions impact, among others, the following; estimates of the probability and potential magnitude of contingent liabilities,
the valuation allowance for deferred tax assets due to continuing operating losses, valuation of shares issued in connection with
the purchase of real estate, the valuation of the real estate and the evaluation of any impairment on the real estate.
Making
estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect
of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered
in formulating its estimate could change in the near term due to one or more future confirming events. Accordingly, the actual
results could differ significantly from our estimates.
Cash
and Cash Equivalents
Cash
and cash equivalents are reported in the balance sheet at cost, which approximates fair value. For the purpose of the financial
statements cash equivalents include all highly liquid investments with an original maturity of three months or less when purchased.
There were no cash equivalents at December 31, 2016 and September 30, 2016.
Earnings
(Loss) per Share
In
accordance with accounting guidance now codified as FASB ASC Topic 260, “Earnings per Share,” basic earnings (loss)
per share is computed by dividing net income (loss) by weighted average number of shares of common stock outstanding during each
period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of
common stock, common stock equivalents and potentially dilutive securities outstanding during the period. The Company has 20,833
and 20,833 shares issuable upon conversion of convertible notes payable that were not included in the computation of dilutive
loss per share because their inclusion is anti-dilutive for the periods ended December 31, 2016 and September 30, 2016, respectively.
Inspired
Builders, Inc.
NOTES
TO CONDENSED INTERIM FINANCIAL STATEMENTS
December
31, 2016
(Unaudited)
Income
Taxes
The
Company accounts for income taxes in accordance with generally accepted accounting principles which requires an asset and liability
approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed annually
for differences between financial statement and income tax bases of assets and liabilities that will result in taxable income
or deductible expenses in the future based on enacted tax laws and rates applicable to the periods in which the differences are
expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets and liabilities
to the amount expected to be realized. Income tax expense is the tax payable or refundable for the period adjusted for the change
during the period in deferred tax assets and liabilities.
The
Company follows the accounting requirements associated with uncertainty in income taxes using the provisions of Financial Accounting
Standards Board (FASB) ASC 740, Income Taxes. Using that guidance, tax positions initially need to be recognized in the financial
statements when it is more likely than not the positions will be sustained upon examination by the tax authorities. It also provides
guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.
As of June 30, 2015, the Company has no uncertain tax positions that qualify for either recognition or disclosure in the financial
statements. All tax returns from fiscal years 2010 to 2015 are subject to IRS audit.
Fair
Value of Financial Investments
The
fair value of cash and cash equivalents, accounts payable, accrued liabilities, and notes payable approximates the carrying amount
of these financial instruments due to their short-term maturity.
Use
of Estimates
The
preparation of financial statements in conformity with accounting principles generally accepted in the United States of America
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 revenue and expenses
during the reporting period. Actual results could differ from those estimates.
Revenue
and Cost Recognition
The
Company has no current source of revenue; therefore, the Company has not yet adopted any policy regarding the recognition of revenue
or cost.
Recent
accounting pronouncements
The
Company has reviewed the Accounting Standards Updates through ASU No. 2016-01 and these updates have no current applicability
to the Company or their effect on the financial statements would not have been significant.
NOTE
3. GOING CONCERN
As
reflected in the accompanying financial statements, the Company has a net loss of $45,589 and a working capital deficit of $932,918
as of December 31, 2016. In addition, the Company has not had construction revenues since May 2011 and the only prospect for positive
cash flow is through the issuance of common stock or debt. If the Company does not begin to generate sufficient revenue or raise
additional funds through a financing, the Company may need to incur additional liabilities with certain related parties to sustain
the Company’s existence. There are currently no plans or agreements in place to provide such funding. The Company will require
additional funding to finance the growth of its future operations as well as to achieve its strategic objectives. This raises
substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern
is dependent on the Company’s ability to raise additional capital and generate revenue. The financial statements do not
include any adjustments that might be necessary if the Company is unable to continue as a going concern.
Inspired
Builders, Inc.
NOTES
TO CONDENSED INTERIM FINANCIAL STATEMENTS
December
31, 2016
(Unaudited)
NOTE
4. REAL ESTATE
On
June 24, 2013, the Company entered into an agreement with a related party to purchase a parcel of undeveloped land in Duval County,
Florida. The purchase price for the Duval property was $1,350,000, payable by the Company’s delivery of a $750,000 mortgage
at 3%, which was due on June 24, 2014 and has been extended to June 24, 2015. As of today the note is currently past due. The
$600,000 balance of the purchase price was paid by approving the issuance to the seller of 100,000 shares of the Company’s
common stock. The $0.001 par value per share was valued by the parties at $6.00 per share, based on the closing price of the stock
on the date of the closing. The note is secured by a lien on the real estate. In accordance with ASC 845-10-S99, transfers of
nonmonetary assets for stock or other consideration of the registrant are recorded at the predecessor cost. Accordingly, the Company
recorded the value of the real estate acquired at the historical basis of $307,504. The Company became aware that there is a real
estate tax lien for unpaid taxes at December 31, 2016 and September 30, 2016 of $23,714 and $23,714, respectively. On July 17,
2017, the Company assigned all interests in the property to a related party in exchange for an assumption of the mortgage principal
and interest of $750,000 and $90,370 respectively, and the real estate taxes payable of $23,714.
NOTE
5. EMPLOYMENT AGREEMENT
On
September 1, 2013 the Company entered into a three-year employment contract with its CEO. The CEO is to be paid $10,000 per month
plus reimbursement for expenses and bonuses as determined by the board. The CEO will be entitled to one week paid vacation and
is subject to a one year non-compete agreement at the end of the employment contract. As of June 30, 2014, the Company has paid
the CEO a total of $10,000 and has accrued $90,000 for amounts due to the CEO. On June 30, 2014 the Company’s CEO converted $90,000
of accrued salary into an unsecured promissory note. The Note accrues interest at a rate of 5% per annum and is due June 30, 2015.
As of December 31, 2016 and September 30, 2016 Company recorded $0 and $270,000, respectively of accrued salary. On November 15,
2016, the CEO and the Company entered into a Release and Settlement Agreement whereby the employment contract was terminated and
$290,000 in accrued salary was forgiven. The accrued salary was accounted for as contributed capital.
NOTE
6. MORTGAGE PAYABLE – RELATED PARTY
On
June 24, 2013, the Company entered into an agreement with a related party to purchase a parcel of undeveloped land in Duval County,
Florida. The purchase price for the Duval property was $1,350,000, payable by the Company’s delivery of a $750,000 mortgage
at 3%, which was due on June 24, 2014 and has been extended to June 24, 2015. As of today the note is currently past due. The
$600,000 balance of the purchase price was paid by approving the issuance to the seller of 100,000 shares of the Company’s
common stock. The $0.001 par value per share was valued by the parties at $6.00 per share, based on the closing price of the stock
on the date of the closing. As of December 31, 2016 and September 30, 2016 the Company has accrued interest of $79,212 and $73,603,
respectively, due on the mortgage. On July 17, 2017, the Company assigned all interests in the property to a related party in
exchange for an assumption of the mortgage principal and interest of $750,000 and $90,370 respectively.
NOTE
7. CONVERTIBLE NOTES PAYABLE – RELATED PARTY
On
January 24, 2014, a related party loaned the Company $10,000, which is evidenced by a secured note payable with an interest rate
of 12% and a maturity of January 24, 2015. These funds were used to pay 1 months’ salary to our Chief Executive Officer.
If the loan in not repaid by January 24, 2015 it is convertible at the option of the holder into common stock at a share price
of $.48 per share. Accrued interest at December 31, 2016 and September 30, 2016 amounted to $0 and $3,222, respectively. Subsequently,
the related party agreed to extend the promissory note maturity date to January 24, 2017. On November 15, 2016, the Company and
the related party entered into a Release and Settlement Agreement whereby $10,000 in principal and $3,373 in accrued interest
was forgiven. The transaction was accounted for as contributed capital.
Inspired
Builders, Inc.
NOTES
TO CONDENSED INTERIM FINANCIAL STATEMENTS
December
31, 2016
(Unaudited)
NOTE
8. NOTES PAYABLE – RELATED PARTIES
On
January 13, 2012 the Company entered into a 12-month unsecured promissory note in the amount of $211,000. Interest accrues in
arrears on the outstanding principal at the rate of ten percent (10.00%) per annum. Interest shall be payable on the last day
of each quarter, commencing March 30, 2012, and continuing until the maturity date. Should the maker fail to pay the entire principal
and accrued interest by the maturity date, the maker agrees that the interest rate shall increase to twelve percent (12.00%) per
annum. On May 10, 2013, the Company and the related party agreed to extend the maturity of the loan for an additional year or
until January 13, 2014. The loan maturity dates were further extended to January 13, 2016. On May 22, 2012, the Company borrowed
an additional $32,714 from the related party, with the same terms, the loan maturity dates were extended to January 13, 2016.
On September 17, 2012, the Company borrowed an additional $22,032 from the related party, with the same terms, the loan maturity
dates were extended to January 13, 2016. On February 7, 2013, the Company borrowed an additional $28,773 from the related party,
with the same terms, and on July 31, 2013, the Company borrowed an additional $30,000 from the related party, with the same terms.
The loans maturity dates were further extended to February 7, 2016 and July 31, 2016, respectively. On December 20, 2013, the
Company borrowed $2,500, on January 7, 2014, the Company borrowed $5,000, on February 6, 2014, the Company borrowed $5,520, the
loans maturity dates were further extended to December 20, 2015 and January 7, 2016. On February 17, 2014, the Company borrowed
$4,400 and on June 26, 2014, the Company borrowed $3,080, the loans maturity dates were further extended to February 6, 2016 and
February 17, 2016, respectively. The total outstanding principal at December 31, 2016 and September 30, 2016 amounted to $2,500
and $345,019, respectively. Accrued interest at December 31, 2016 and September 30, 2016, amounted to $380 and $145,401, respectively.
On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $342,519 in principal
and $149,256 in accrued interest was forgiven. The transaction was accounted for as contributed capital.
On
November 13, 2013, a related party entered into an unsecured note payable for $25,000 with an interest rate of 5% due November
13, 2014, the maturity date on the loan was further extended to November 11, 2015. Accrued interest at December 31, 2016 and September
30, 2016 amounted to $0 and $3,603. On November 15, 2016, the Company and the related party entered into a Release and Settlement
Agreement whereby $25,000 in principal and $3,760 in accrued interest was forgiven. The transaction was accounted for as contributed
capital.
On
January 13, 2014 and January 20, 2014, a related party entered into two unsecured note payables for a total of $25,632 with an
interest rate of 5% due January 20, 2015, the loans maturity dates were further extended to January 13, 2016 and January 20, 2016,
respectively. Accrued interest at December 31, 2016 and September 30, 2016 amounted to $0 and $6,461. On November 15, 2016, the
Company and the related party entered into a Release and Settlement Agreement whereby $25,632 in principal and $6,763 in accrued
interest was forgiven. The transaction was accounted for as contributed capital.
On
June 19, 2014 the Company’s CEO entered into an unsecured note payable of $30,000 with an interest rate of 10% due on June
19, 2015, the loans maturity was further ended to June 16, 2016. Accrued interest at December 31, 2016 and September 30, 2016
amounted to $0 and $6,855. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement
whereby $30,000 in principal and $7,233 in accrued interest was forgiven. The transaction was accounted for as contributed capital.
On
October 14, 2014 the Company’s CEO loaned the Company $3,482, which is evidenced by an unsecured note payable with an interest
rate of 5% and a maturity of October 13, 2015. Accrued interest at December 31, 2016 and September 30, 2016 amounted to $0 and
$342. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $3,482 in
principal and $364 in accrued interest was forgiven. The transaction was accounted for as contributed capital.
Inspired
Builders, Inc.
NOTES
TO CONDENSED INTERIM FINANCIAL STATEMENTS
December
31, 2016
(Unaudited)
On October 14, 2014 a related party loaned
the Company $3,320, which is evidenced by an unsecured note payable with an interest rate of 5% and a maturity of October 13, 2015.
Accrued interest at December 31, 2016 and September 30, 2016 amounted to $0 and $326. On November 15, 2016, the Company and the
related party entered into a Release and Settlement Agreement whereby $3,320 in principal and $347 in accrued interest was forgiven.
The transaction was accounted for as contributed capital.
On
June 30, 2014 the Company’s CEO converted $90,000 of accrued salary into an unsecured promissory note. The Note accrues interest
at a rate of 5% per annum and is due June 30, 2015. Accrued interest at December 31, 2016 and September 30, 2016 was $0 and $10,147,
respectively. On November 15, 2016, the CEO and the Company entered into a Release and Settlement Agreement whereby the Note,
comprising of $90,000 of principal and $10,714 of interest was forgiven. The transaction was accounted for as contributed capital.
On
February 20, 2015, a related party entered into an unsecured note payable for $55,000 with an interest rate of 10% due February
20, 2016. Accrued interest as of June 30, 2015 amounted to $2,214. Accrued interest at December 31, 2016 and September 30, 2016
amounted to $0 and $8,860. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement
whereby $55,000 in principal and $9,553 in accrued interest was forgiven. The transaction was accounted for as contributed capital.
9.
COMMITMENTS AND CONTINGENCIES
From
time to time, the Company may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of
business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise
that may harm its business. The Company is currently not aware of any such legal proceedings or claims that they believe will
have, individually or in the aggregate, a material adverse effect on its business, financial condition or operating results.
10.
CONCENTRATION OF CREDIT RISK
The
Company relies heavily on the support of its president and majority shareholder. A withdrawal of this support, for any reason,
will have a material adverse effect on the Company’s financial position and its operations.
11.
RELATED PARTY TRANSACTIONS
On
January 13, 2012 the Company entered into a 12-month unsecured promissory note in the amount of $211,000. Interest accrues in
arrears on the outstanding principal at the rate of ten percent (10.00%) per annum. Interest shall be payable on the last day
of each quarter, commencing March 30, 2012, and continuing until the maturity date. Should the maker fail to pay the entire principal
and accrued interest by the maturity date, the maker agrees that the interest rate shall increase to twelve percent (12.00%) per
annum. On May 10, 2013, the Company and the related party agreed to extend the maturity of the loan for an additional year or
until January 13, 2014. The loan maturity dates were further extended to January 13, 2016. On May 22, 2012, the Company borrowed
an additional $32,714 from the related party, with the same terms, the loan maturity dates were extended to January 13, 2016.
On September 17, 2012, the Company borrowed an additional $22,032 from the related party, with the same terms, the loan maturity
dates were extended to January 13, 2016. On February 7, 2013, the Company borrowed an additional $28,773 from the related party,
with the same terms, and on July 31, 2013, the Company borrowed an additional $30,000 from the related party, with the same terms.
The loans maturity dates were further extended to February 7, 2016 and July 31, 2016, respectively. On December 20, 2013, the
Company borrowed $2,500, on January 7, 2014, the Company borrowed $5,000, on February 6, 2014, the Company borrowed $5,520, the
loans maturity dates were further extended to December 20, 2015 and January 7, 2016. On February 17, 2014, the Company borrowed
$4,400 and on June 26, 2014, the Company borrowed $3,080, the loans maturity dates were further extended to February 6, 2016 and
February 17, 2016, respectively. The total outstanding principal at December 31, 2016 and September 30, 2016 amounted to $2,500
and $345,019, respectively. Accrued interest at December 31, 2016 and September 30, 2016, amounted to $380 and $145,401, respectively.
On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $342,519 in principal
and $149,256 in accrued interest was forgiven. The transaction was accounted for as contributed capital.
Inspired
Builders, Inc.
NOTES
TO CONDENSED INTERIM FINANCIAL STATEMENTS
December
31, 2016
(Unaudited)
On
June 24, 2013, the Company entered into an agreement with a related party to purchase a parcel of undeveloped land in Duval County,
Florida. The purchase price for the Duval property was $1,350,000, payable by the Company’s delivery of a $750,000 mortgage
at 3%, which was due on June 24, 2014 and has been extended to June 24, 2015. As of today the note is currently past due. The
$600,000 balance of the purchase price was paid by approving the issuance to the seller of 100,000 shares of the Company’s
common stock. The $0.001 par value per share was valued by the parties at $6.00 per share, based on the closing price of the stock
on the date of the closing. The note is secured by a lien on the real estate. In accordance with ASC 845-10-S99, transfers of
nonmonetary assets for stock or other consideration of the registrant are recorded at the predecessor cost. Accordingly, the Company
recorded the value of the real estate acquired at the historical basis of $307,504. The Company became aware that there is a real
estate tax lien for unpaid taxes at December 31, 2016 and September 30, 2016 of $23,714 and $23,714, respectively. On July 17,
2017, the Company assigned all interests in the property to a related party in exchange for an assumption of the mortgage principal
and interest of $750,000 and $90,370 respectively, and the real estate taxes payable of $23,714.
On
November 13, 2013, a related party entered into an unsecured note payable for $25,000 with an interest rate of 5% due November
13, 2014, the maturity date on the loan was further extended to November 11, 2015. Accrued interest at December 31, 2016 and September
30, 2016 amounted to $0 and $3,603. On November 15, 2016, the Company and the related party entered into a Release and Settlement
Agreement whereby $25,000 in principal and $3,760 in accrued interest was forgiven. The transaction was accounted for as contributed
capital.
On
January 13, 2014 and January 20, 2014, a related party entered into two unsecured note payables for a total of $25,632 with an
interest rate of 5% due January 20, 2015, the loans maturity dates were further extended to January 13, 2016 and January 20, 2016,
respectively. Accrued interest at December 31, 2016 and September 30, 2016 amounted to $0 and $6,461. On November 15, 2016, the
Company and the related party entered into a Release and Settlement Agreement whereby $25,632 in principal and $6,763 in accrued
interest was forgiven. The transaction was accounted for as contributed capital.
On
January 24, 2014, a related party loaned the Company $10,000, which is evidenced by a secured note payable with an interest rate
of 12% and a maturity of January 24, 2015. These funds were used to pay 1 months’ salary to our Chief Executive Officer.
If the loan in not repaid by January 24, 2015 it is convertible at the option of the holder into common stock at a share price
of $.48 per share. Accrued interest at December 31, 2016 and September 30, 2016 amounted to $0 and $3,222, respectively. Subsequently,
the related party agreed to extend the promissory note maturity date to January 24, 2017. On November 15, 2016, the Company and
the related party entered into a Release and Settlement Agreement whereby $10,000 in principal and $3,373 in accrued interest
was forgiven. The transaction was accounted for as contributed capital.
On
June 19, 2014 the Company’s CEO entered into an unsecured note payable of $30,000 with an interest rate of 10% due on June
19, 2015, the loans maturity was further ended to June 16, 2016. Accrued interest at December 31, 2016 and September 30, 2016
amounted to $0 and $6,855. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement
whereby $30,000 in principal and $7,233 in accrued interest was forgiven. The transaction was accounted for as contributed capital.
On
October 14, 2014 the Company’s CEO loaned the Company $3,482, which is evidenced by an unsecured note payable with an interest
rate of 5% and a maturity of October 13, 2015. Accrued interest at December 31, 2016 and September 30, 2016 amounted to $0 and
$342. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement whereby $3,482 in
principal and $364 in accrued interest was forgiven. The transaction was accounted for as contributed capital.
Inspired
Builders, Inc.
NOTES
TO CONDENSED INTERIM FINANCIAL STATEMENTS
December
31, 2016
(Unaudited)
On
October 14, 2014 a related party loaned the Company $3,320, which is evidenced by an
unsecured note payable with an interest rate of 5% and a maturity of October 13, 2015.
Accrued interest at December 31, 2016 and September 30, 2016 amounted to $0 and $326.
On November 15, 2016, the Company and the related party entered into a Release and Settlement
Agreement whereby $3,320 in principal and $347 in accrued interest was forgiven. The
transaction was accounted for as contributed capital.
On
June 30, 2014 the Company’s CEO converted $90,000 of accrued salary into an unsecured promissory note. The Note accrues interest
at a rate of 5% per annum and is due June 30, 2015. Accrued interest at December 31, 2016 and September 30, 2016 was $0 and $10,147,
respectively. On November 15, 2016, the CEO and the Company entered into a Release and Settlement Agreement whereby the Note,
comprising of $90,000 of principal and $10,714 of interest was forgiven. The transaction was accounted for as contributed capital.
On
February 20, 2015, a related party entered into an unsecured note payable for $55,000 with an interest rate of 10% due February
20, 2016. Accrued interest as of June 30, 2015 amounted to $2,214. Accrued interest at December 31, 2016 and September 30, 2016
amounted to $0 and $8,860. On November 15, 2016, the Company and the related party entered into a Release and Settlement Agreement
whereby $55,000 in principal and $9,553 in accrued interest was forgiven. The transaction was accounted for as contributed capital.
12.
SUBSEQUENT EVENTS
On
July 17, 2017, the Company assigned all interests in the property owned in Duval County, FL to a related party in exchange for
an assumption of the mortgage principal and interest of $750,000 and $90,370 respectively, and of real estate taxes payable of
$23,714 (See Notes 4 and 6).
On
August 15, 2017, Inspired Builders (the “Company”), the majority shareholders of the Company (the “Sellers”)
and JJL Capital Management, LLC (the “Purchaser”) entered into a stock purchase agreement (the “Stock Purchase
Agreement”), whereby the Purchaser purchased from the Sellers 5,643,979 shares of common stock, par value $0.001 per share,
of the Company (the “Shares”), representing approximately 50.73% of the issued and outstanding shares of the Company,
for an aggregate purchase price of $564.39 (the “Purchase Price”). On August 16, 2017, the closing of the transaction
occurred (“Closing Date”). Pursuant to the change in control transaction, we relocated to Miami, Florida and ceased
all operations as a real estate company. Also, in connection therewith, Matthew Nordgren, the Company’s sole officer and
Director, resigned from his positions and named Scott Silverman as sole director and to the positions of CEO, CFO, Chief Accounting
Officer and Secretary (See Note 1).
On
October 17, 2017, a related party entered into an unsecured note payable for $14,300 with an interest rate of 0% due upon demand
by the holder.
On
October 20, 2017, a related party entered into an unsecured note payable for $825 with an interest rate of 0% due upon demand
by the holder.