Unaudited Financial Statements for 2019-20, 2020-21, and the first quarter of 2021-22

Interups Inc.

Consolidated Unaudited P&L Statement

For the Fiscal Year Ended May 31, 2020 & 2021 and Quarter Ended August 31, 2021

Description

FY 19/20

FY 20/21

Quarter Ending on

8/31/2021

Operating Revenue:

Business Income (Consolidated)

$

139,992,000

$

452,000,000

$

118,650,000

Operating Expenses:

Consulting & Service Fees - Related Parties

$

3,462,143

$

3,337,143

$

785,714

Consulting & Service Fees - Other

$

22,792

$

39,440

$

5,000

Legal & Related Service Fee

$

-

$

38,676

$

-

Professional Fees

$

16,200

$

1,375

$

1,800

Professional Fees (India)

$

308,100

$

1,204,780

$

332,067

General & Administrative Expenses

$

3,362

$

3,270

$

147

General & Administrative Expenses (India)

$

1,246,858

$

4,327,735

$

1,192,832

Bank Service Fees

$

5,405

$

3,469

$

509

Bank Service Fees (India)

$

9,385

$

31,817

$

8,770

IT Expenses

$

3,344

$

2,792

$

663

IT Expenses (India)

$

122,360

$

1,115,071

$

307,341

Office Expenses

$

26,578

$

298

$

-

Office Expenses (India)

$

1,314,052

$

4,294,753

$

1,183,741

Travel & Accommodation Expenses

$

72,550

$

103,726

$

8,907

Travel & Accommodation Expenses (India)

$

1,685,322

$

5,441,493

$

1,499,812

Rent Expenses

$

-

$

3,758,079

$

1,658,250

Other Business Expense

$

149,210

$

194,554

$

16

Other Business Expense (India)

$

801,695

$

2,723,477

$

750,658

Operating Profit / (Loss)

$

130,742,645

$

425,378,052

$

110,913,773

Miscellaneous Income

$

-

$

-

$

35,750

Profit (Loss) Before Interest & Taxes

$

130,742,645

$

425,378,052

$

110,949,523

Gains/(Losses) on Currency Fluctuations

$

34,616

$

184,467

$

49,391

Interest Expense (India)

$

36,969

$

132,864

$

34,877

Interest Expense

$

72,822

$

71,126

$

17,834

Profit (Loss) Before Tax:

$

130,667,470

$

425,358,528

$

110,931,689

Taxes Provision @ 25%

$

27,440,169

$

89,325,291

$

23,295,655

Net Profit/Loss

$

103,227,301

$

336,033,237

$

87,636,034

Earnings Per Share - Basic (Annualized)

$

14.96

$

48.70

$

50.80

Earnings Per Share - Post-Diluted

$

14.80

$

20.00

$

20.87

Post-Diluted Share Volume

6.975M

16.8M

16.8M

Interups Inc.

Consolidated Unaudited Balance Sheet

As of May 31, 2020 & 2021 and As of the Quarter Ended on August 31, 2021

Description

FY 19/20 End

FY 20/21 End

8/31/2021

Assets

Cash & Cash Equivalents

$

-

$

4,362

$

155

Cash & Cash Equivalents (india)

$

239,278

$

1,064,570

$

1,357,992

Receivables

$

-

$

-

$

-

Receivables (India)

$

139,750,369

$

587,701,456

$

703,752,551

Prepaid Expenses

$

0

$

276,000

$

1,007,500

Total Assets

$

139,989,647

$

589,046,389

$

706,118,199

Liabilities

Accounts Payable & Accrued Liabilities

$

1,472,969

$

2,360,527

$

2,385,160

Accounts Payable & Accrued Liabilities (India)

$

5,487,772

$

24,944,229

$

30,303,718

Provision for Taxes

$

27,440,169

$

116,765,460

$

140,061,114

Dues to Related Parties

$

11,142,557

$

13,422,706

$

14,178,704

Loans Payable

$

832,350

$

822,350

$

822,350

Total Liabilities

$

46,375,817

$

158,315,271

$

187,751,047

Stockholders' Defecit

Common Stock @ Par Value of 0.001 per share; 75,000,000 shares

authorized; 6,900,000 issued & outstanding.

$

6,900

$

6,900

$

6,900

Additional Paid-In Capital

$

40,437

$

40,437

$

40,437

Common Stock Issuable - Client/Investor/Other Credit

$

75

$

75

$

75

Common Stock Equity Investment - Reg S & D - shares to be issued

$

1,383,024

$

2,467,074

$

2,467,074

Retained Earnings - P/L for Current Financial Period

$

103,227,301

$

336,033,237

$

87,636,034

Retained Earnings / (Deficit Accumulated)

$

(11,043,907)

$

92,183,394

$

428,216,631

Total Stockholders' Equity

$

93,613,830

$

430,731,117

$

518,367,152

Total Liabilities & Stockholders' Equity

$

139,989,647

$

589,046,389

$

706,118,199

Interups Inc.

Consolidated Unaudited Cash Flow Statement

For the Fiscal Year Ended May 31, 2020 & 2021 and Quarter Ended August 31, 2021

Description

FY 19/20

FY 20/21

Quarter Ending on

8/31/2021

Cash - Beginning of Period

$

0

$

(0)

$

4,362

Cash - Beginning of Period (India)

$

-

$

239,278

$

1,064,570

Cash Flow from Operating Activities:

Net Profit/Loss for the Period

$

103,227,301

$

336,033,237

$

87,636,034

Adjustments to reconcile net loss to net cash provided by (used in)

operating activities:

Changes in Operating Assets and Liabilities:

Prepaid Expenses

$

(0)

$

(276,000)

$

(731,500)

Accounts Payable and Accrued Liabilities

$

5,554,612

$

20,140,024

$

5,331,412

Provision for Taxes

$

27,440,169

$

89,325,291

$

23,295,655

Due to Related Parties

$

3,305,390

$

2,280,149

$

755,998

Accounts Receivable

$

(139,750,369)

$

(447,951,087)

$

(116,051,096)

Interest

$

109,791

$

203,990

$

52,710

Common Stock Issuable

$

-

$

-

$

-

Net Cash Flow Used In Operating Activities

$

(113,107)

$

(244,396)

$

289,215

Cash Flow From Financing Activities:

Proceeds

Net Proceeds from Common Stock Equity Investments - Reg S & D -

Shares to be issued

$

389,985

$

1,084,050

$

-

Net Proceeds from Related Parties

$

-

$

-

$

-

Net Proceeds from Loans Payable

$

(37,600)

$

(10,000)

$

-

Net Cash Provided By Financing Activities

$

352,385

$

1,074,050

$

-

Net Cash Flow

$

239,278

$

829,655

$

289,215

Cash - End of Period

$

239,278

$

1,068,933

$

1,358,147