REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM
To the Board of Directors and Stockholders of 3D Makerjet,
Inc.:
We were engaged to audit the accompanying
balance sheets of 3D Makerjet, Inc. (“the Company”) as of July 31, 2019 and 2018 and the related statement of operations,
stockholders’ equity (deficit) and cash flows for the years then ended. As described in the following paragraph, because
the Company’s records were not sufficient, we were not able to obtain sufficient appropriate audit evidence to provide a
basis for an audit opinion on the financial statements, and we do not express, an opinion on these financial statements.
Basis for Disclaimer Opinion:
We were not engaged as auditors of the
Company until February of 2021 at which time much of the audit evidence necessary to provide a basis for an audit opinion had been
destroyed or lost. We were unable to satisfy ourselves by other audit procedures concerning the assets and liabilities held at
July 31, 2019 and 2018, as well as the revenues and expenses recognized for the year then ended. As a result of these matters,
we were unable to determine whether any adjustments might have been found necessary in respect of recorded or unrecorded assets,
liabilities, revenue and expenses.
We conducted our audits in accordance with
standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the
audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting
principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
Because of the matters described in the Basis for Disclaimer Opinion paragraph above, however, we were not able to obtain sufficient
appropriate audit evidence to provide a basis for an audit opinion.
The company is not required to have, nor
were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal
control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for
the purpose of expressing an opinion on the Company's internal control over financial reporting. Accordingly, we express no such
opinion.
Because of the significance of the matters
described in the Basis for Disclaimer Opinion paragraph, we have not been able to obtain sufficient appropriate audit evidence
to provide a basis for an audit opinion. Accordingly, we do not express an opinion on these financial statements.
Substantial Doubt about the Company’s
Ability to Continue as a Going Concern
The accompanying financial statements
have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements,
the Company’s significant operating losses raise substantial doubt about its ability to continue as a going concern. The
financial statements do not include any adjustments that might result from the outcome of this uncertainty.
/s/ BF Borgers CPA PC
B F Borgers CPA PC
We have served as the Company's auditor
since 2021
Lakewood, CO
February 16, 2021
The accompanying notes are an integral part
of the consolidated financial statements.
The accompanying notes are an integral part
of the consolidated financial statements.
The accompanying notes are an integral part
of the consolidated financial statements.
The accompanying notes are an integral part
of the consolidated financial statements.
NOTES TO FINANCIAL STATEMENTS
(UNAUDITED)
NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS
3D MakerJet, Inc. (“3D MakerJet”
or the “Company”), formerly known as American Business Change Agents, Inc., was incorporated under the laws of the
State of Nevada on January 12, 2009. On May 4, 2014, the name of the Company was changed to 3D MakerJet, Inc. The Company had been
developing a business plan focused on the sale of 3D printers, scanners, and ancillary equipment. 3D MakerJet, Inc. formerly known
as American Business Change Agents, Inc., was incorporated under the laws of the State of Nevada on January 12, 2009.
On May 4, 2014, the name of the Company was changed to 3D MakerJet,
Inc. the Company has been dormant since January 2016.
On July 14, 2020, as a result of a custodianship in Clark County,
Nevada, Case Number: A-20-816260-B, Custodian Ventures LLC (“Custodian”) was appointed custodian of the Company. David
Lazar is the managing member of Custodian.
On July 16, 2020, Custodian appointed David Lazar as the Company’s
Chief Executive Officer, President, Secretary, Chief Financial Officer, Chief Executive Officer and Chairman of the Board of Directors.
On January 29, 2021, the Board of Directors of Company approved
the change in the Company’s fiscal year end from July 31 to December 31. As required, the Company will file a transition
report on Form 10-K covering the transition period with the Securities and Exchange Commission.
NOTE 2 – SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES
Basis of Presentation
The accompanying financial statements have
been prepared in accordance with the Financial Accounting Standards Board (“FASB”) “FASB Accounting Standard
Codification™” (the “Codification”) which is the source of authoritative accounting principles recognized
by the FASB to be applied by nongovernmental entities in the preparation of financial statements in conformity with generally accepted
accounting principles (“GAAP”) in the United States.
Going Concern
The accompanying financial statements have
been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction
of liabilities in the normal course of business for the twelve months following the date of these financial statements. As of July
31, 2019 the Company had no cash and negative retained earnings of $1,788,779.
Because the Company does not expect that
existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about
the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently
exploring alternative sources of financing. Recently in 2020 the Company was being funded by David Lazar who has extended interest-free
demand loans to the Company. there can be no assurances that he will be able to continue doing so. Historically, the Company raised
capital through private placements, to finance working capital needs and may attempt to raise capital through the sale of common
stock or other securities and obtaining some short-term loans. The Company will be required to continue to so until its operations
become profitable. Also, the Company has, in the past, paid for consulting services with its common stock to maximize working capital,
and intends to continue this practice where feasible.
Use of Estimates
The preparation of financial statements
in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities
and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues
and expenses during the reporting period. The most significant estimates relate to income taxes and contingencies. The Company
bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable
given the quality of information available as of the date of these financial statements. The results of these assumptions provide
the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources.
Actual results could differ from these estimates.
Cash and cash equivalents
The Company considers all highly liquid
temporary cash investments with an original maturity of three months or less to be cash equivalents. On July 31, 2019 and July
31, 2018, the Company’s cash equivalents totaled $-0- and $-0- respectively.
Income taxes
The Company accounts for income taxes under
FASB ASC 740, “Accounting for Income Taxes”. Under FASB ASC 740, deferred tax assets and liabilities are
recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing
assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates
expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.
Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period
that includes the enactment date. FASB ASC 740-10-05, “Accounting for Uncertainty in Income Taxes” prescribes
a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken
or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be
sustained upon examination by taxing authorities.
The amount recognized is measured as the
largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses
the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or circumstances have arisen
that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit.
Net Loss per Share
Net loss per common share is computed by
dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards,
ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined
by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per
common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common
share equivalents outstanding.
Recent Accounting Pronouncements
There are no recent accounting pronouncements
that impact the Company’s operations.
NOTE 3 – DEBT
As of July 31, 2019, and July 31, 2018,
the Company had $602,693 in convertible debt, net of discount outstanding. Additionally there was $43,000 in long term note payable
outstanding.
NOTE 4 – EQUITY
Common Stock
The Company has authorized 300,0000,000
shares of $0.001 par value, common stock. As of July 31, 2019, and July 31, 2018, there were 130,200,000 and 103,200,000 shares
of Common Stock issued and outstanding, respectively.
NOTE 5 – COMMITMENTS AND CONTINGENCIES
The Company did not have any contractual
commitments as of July 31, 2019 and July 31, 2018.
NOTE 6 – SUBSEQUENT EVENTS
In accordance with SFAS 165 (ASC 855-10)
management has performed an evaluation of subsequent events through the date that the financial statements were available to be
issued and has determined that it does not have any material subsequent events to disclose in these financial statements with the
exception of the following:
On July 14, 2020, as a result of a custodianship in Clark County,
Nevada, Case Number: A-20-816260-B, Custodian Ventures LLC (“Custodian”) was appointed custodian of the “Company.
David Lazar is the managing member of Custodian.
On July 16, 2020, Custodian appointed David Lazar as the Company’s
Chief Executive Officer, President, Secretary, Chief Financial Officer, Chief Executive Officer and Chairman of the Board of Directors.
On January 29, 2021, the Board of Directors of the Company approved
the change in the Company’s fiscal year end from July 31 to December 31.