Ubiquitech Software Corp.
Balance Sheet
November 30, 2016 and 2015
2016
2015
ASSETS
Current Assets
Cash
Inventory
Software development
$
Total Current Assets
Fixed Assets
Other Assets
Note receivable - Officer
Goodwill (net of amortization)
Total Other Assets
TOTAL ASSETS
156,501
297,815
690,280
$
105,817
212,836
0
1,144,596
318,653
53,042
63,640
20,000
210,835
230,835
20,000
320,835
340,835
$
1,428,473
$
723,128
$
31,401
25,602
$
7,264
33,744
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable
Accrued interest
Total Current Liabilities
57,003
41,008
Long-term debt
901,516
672,266
Total Liabilities
958,519
713,274
185,308
59,558
1,000
124,500
159,146
1,000
124,500
(175,204)
Stockholders' Equity
Common stock, $.001 par value;
Authorized 900,000,000 shares; issued and
outstanding: 185,308,000 and 59,558,000
shares respectfully
Preferred stock, $0.001 par value
authorized1,000,000 shares; issued and
outstanding 1,000,000 shares
Additional paid in capital
Retained earnings (deficit)
Total Stockholders' Equity
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
469,954
$
1,428,473
9,854
$
723,128
Ubiquitech Software Corp.
Statement of Operations
For the years ended November 30, 2016 and 2015
2016
Revenue
Cost of goods sold
$
Gross Profit
3,493,113
1,633,148
2015
$
3,049,465
1,546,906
1,859,965
1,502,559
406,505
110,000
6,909
1,736
22,911
198,500
44,809
4,111
1,522
73,760
165,887
30,000
365,069
7,720
6,808
687,811
110,000
6,167
1,575
24,856
105,250
41,388
2,007
1,068
58,300
29,562
30,000
283,600
7,550
5,854
1,446,247
1,394,988
Income (Loss) From Operations
413,718
107,571
Other Income and (Expense)
Interest expense
(79,368)
(67,920)
(79,368)
(67,920)
Operating Expenses
Advertising and marketing
Amortization
Automobile expense
Bank charges
Computer and internet
Consulting expense
Depreciation
Office supplies
Postage and delivery
Professional fees
Research and development
Rent
Salaries
Telephone
Utilities
Total Expenses
Total Other Income and (Expense)
Net Income (Loss)
$
334,350
$
39,651
Earning per share - basic and diluted
$
0.004
$
0.001
Weighted Average Shares Outstanding
92,012,166
53,394,417
Ubiquitech Software Corp.
Statement of Stockholders' Equity
For the Years Ended November 30, 2016 and 2015
Balance Nov 30, 2015
Common
Preferred
Additional
Accumulated
Total
Shares
Shares
Common
Preferred
Paid-in
(Deficit)
Stockholders'
Issued
Stock
Stock
Shares
Capital
Equity
Equity
59,558,000
1000000
59,558
1,000
124,500
(175,204)
9,854
Stock issued in exchange
of note
125,750,000
125,750
125,750
Net income for the year
ended November 30, 2016
Balance November 30, 2016
Balance Nov 30, 2014
185,308,000
1,000,000
185,308
1,000
124,500
334,350
334,350
159,146
469,954
Common
Preferred
Shares
Shares
Common
Preferred
Paid-in
Accumulated
Stockholders'
Issued
Stock
Stock
Shares
Capital
(Deficit)
(Deficit) Equity
48,308,000
1000000
Additional
48,308
1,000
124,500
Total
(214,855)
(41,047)
Stock issued in exchange
of note
11,250,000
11,250
11,250
Net income for the year
ended November 30, 2015
Balance November 30, 2015
59,558,000
1,000,000
59,558
1,000
124,500
39,651
39,651
(175,204)
9,854
Ubiquitech Software Corp.
Statement of Cash Flows
For the years ended November 30, 2016 and 2015
2016
2015
Cash Flows Provided by (Used for) Operating Activities
Net Income
$
Adjustments to reconcile net income (loss) to net cash
provided by operating activities:
Depreciation expense
Amortization expense
(Increase) decrease in prepaid expense
(Increase) decrease in software development
(Increase) decrease in inventory
Increase (decrease) accounts payable
Increase (decrease) accrued interest
Net Cash Provided by (Used for) Operating Activities
Cash Flows Provided by/(used for) Investing Activities
Acquisition of property and equipment
Note to Officer
Net Cash Provided by (Used for) Investing Activities
Cash Flows Provided by/(used for) Financing Activities
Proceeds from long-term debt
Long-Term debt principle payments
Net Cash Provided by/(Used for) Financing Activities
Net Increase (Decrease) in Cash
$
Beginning Cash Balance
Ending Cash Balance
334,350
$
44,809
110,000
0
(690,280)
(84,979)
24,137
(8,142)
41,388
110,000
56,250
0
(212,836)
(1,275)
16,757
(270,105)
49,935
(34,211)
0
0
0
(34,211)
0
465,000
(110,000)
0
0
355,000
0
50,684 $
49,935
105,817
$
39,651
156,501
55,882
$
105,817