Quarterly report pursuant to Section 13 or 15(d)

Non-GAAP Accounting and GAAP Reconciliation - Net Income and EBITDA (Tables)

v3.20.4
Non-GAAP Accounting and GAAP Reconciliation - Net Income and EBITDA (Tables)
9 Months Ended
Oct. 31, 2020
Non-GAAP Accounting and GAAP Reconciliation - Net Income and EBITDA  
Schedule of Statements of Operations

 

 

For the three months ended

 

 

For the nine months ended

 

 

 

 October 31,

 

 

 October 31,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue from services

 

$

701,709

 

 

$

-

 

 

$

2,629,325

 

 

$

-

 

Total cost of sales

 

 

447,672

 

 

 

-

 

 

 

447,672

 

 

 

-

 

Gross income

 

$

254,037

 

 

$

-

 

 

$

2,181,653

 

 

$

-

 

Selling, general, and administrative

 

 

520

 

 

 

460

 

 

 

(3,290

)

 

 

1,847

 

Professional fees

 

 

25,135

 

 

 

-

 

 

 

64,723

 

 

 

5,257

 

Rent

 

 

1,176

 

 

 

3,007

 

 

 

1,960

 

 

 

3,421

 

Consultant fees

 

 

45,360

 

 

 

42,000

 

 

 

79,360

 

 

 

126,000

 

Total operating expenses

 

 

72,191

 

 

 

45,467

 

 

 

142,753

 

 

 

136,525

 

Net loss from operations

 

 

181,846

 

 

 

(45,467

)

 

 

2,038,900

 

 

 

(136,525

)

Other income (expense)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Gain on use of cryptocurrency assets

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Net (loss) before discontinued operations

 

$

181,846

 

 

$

(45,467

)

 

$

2,038,900

 

 

$

(136,525

)

Income (expense) from discontinued operations

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Net (loss)

 

$

181,846

 

 

$

(45,467

)

 

$

2,038,900

 

 

$

(136,525

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss) per share from continuing operations

 

$

0.03

 

 

$

(0.00

)

 

$

0.30

 

 

$

(0.02

)

Income (Loss) per share - discontinued

 

$

(0.00

)

 

$

(0.00

)

 

$

(0.00

)

 

$

(0.02

)

Weighted average shares outstanding - basic

 

 

5,863,644

 

 

$

10,460,000

 

 

 

6,889,892

 

 

$

8,811,648

 

Schedule of adjusted net income reconciliation

Adjusted Net Income Reconciliation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended

 

 

For the nine months ended

 

 

 

 October 31,

 

 

 October 31,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CONSOLIDATED STATEMENT OF OPERATIONS:

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss)

 

$

(139,569

)

 

$

(40,769

)

 

$

(49,406,676

)

 

$

(144,432

)

Interest

 

 

2,605

 

 

 

-

 

 

 

21,458

 

 

 

21,102

 

Depreciation and amortization

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

EBITDA

 

$

(136,964

)

 

$

(40,769

)

 

$

(49,385,218

)

 

$

(123,330

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock based compensation

 

 

-

 

 

 

-

 

 

 

49,204,508

 

 

 

-

 

Cryptocurrency gains (IFRS guidelines)

 

 

164,503

 

 

 

-

 

 

 

164,503

 

 

 

-

 

Gains not in ordinary course of business

 

 

-

 

 

 

-

 

 

 

1,900,000

 

 

 

-

 

Adjustments for settlement reserves

 

 

154,307

 

 

 

-

 

 

 

154,307

 

 

 

-

 

Adjustment for discontinued operations

 

 

-

 

 

 

(4,698

)

 

 

800

 

 

 

(13,195

)

Adjusted net income

 

$

181,846

 

 

$

(45,467

)

 

$

2,038,900

 

 

$

(136,525

)