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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tech Cent Inc (CE) | USOTC:TCHC | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
Wyoming
(State or other jurisdiction of incorporation)
|
333-212438
(Commission File Number)
|
46-5642819
(IRS Employer Identification No.)
|
Large accelerated filer
|
|
Accelerated filer
|
|
|
|
|
|
Non-accelerated filer
|
☒
|
Smaller reporting company
|
☒
|
Emerging growth company
|
☒
|
|
|
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
None
|
None |
None
|
Class
|
May 7, 2019
|
Common Stock, $0.001 par value per share
|
19,836,250
|
|
|
|
Part I.
|
Financial Information
|
|
|
|
|
Item 1.
|
Financial Statements
|
3
|
|
|
|
Item 2.
|
Management’s Discussion and Analysis of Financial Condition and Results of Operations
|
12
|
|
|
|
Item 3.
|
Quantitative and Qualitative Disclosures About Market Risk
|
15
|
|
|
|
Item 4.
|
Controls and Procedures
|
15
|
|
|
|
Part II.
|
Other Information
|
15
|
|
|
|
Item 1.
|
Legal Proceedings
|
15
|
Item 1A. | Risk Factors | 15 |
|
|
|
Item 2.
|
Unregistered Sales of Equity Securities and Use of Proceeds
|
15
|
|
|
|
Item 3.
|
Defaults upon Senior Securities
|
16
|
|
|
|
Item 4.
|
Mine Safety Disclosures
|
16
|
|
|
|
Item 5.
|
Other Information
|
16
|
|
|
|
Item 6.
|
Exhibits
|
16
|
|
|
|
Signatures
|
|
165
|
Table of Contents to Financial Statements
|
|
Balance Sheets as of December 31, 2018(Audited) and March 31, 2019 (Unaudited)
|
4
|
Statements of Operations for the Periods Ended March 31, 2019 and March 31, 2018 (Unaudited)
|
5
|
Interim Equity Statement for Periods Ended March 31, 2019 and March 31, 2018
|
6
|
Statements of Cash Flows for the Periods Ended March 31, 2019 and March 31, 2018 (Unaudited)
|
7
|
Notes to the Financial Statements
|
8-11
|
|
March 31, 2019
(Unaudited)
|
December 31, 2018
(Audited)
|
||||||||||
Assets
|
||||||||||||
Current Assets
|
||||||||||||
Cash
|
S
|
24,177
|
$
|
30,085
|
||||||||
Accounts receivable
|
25,250
|
20,250
|
||||||||||
Total Current Assets
|
49,427
|
50,335
|
||||||||||
Other Assets
|
||||||||||||
Film Equipment net
|
6,726
|
7,870
|
||||||||||
Script, net
|
44,167
|
46,667
|
||||||||||
Total Other Assets
|
50,893
|
54,537
|
||||||||||
Total Assets
|
$
|
100,320
|
$
|
104,872
|
||||||||
|
||||||||||||
Liabilities And Stockholders' Equity (Deficit)
|
||||||||||||
Current Liabilities
|
||||||||||||
Accounts payable
|
$
|
8,850
|
$
|
5,800
|
||||||||
Total Current Liabilities
|
8,850
|
5,800
|
||||||||||
Total Liabilities
|
8,850
|
5,800
|
||||||||||
|
||||||||||||
Commitments and Contingencies
|
-
|
-
|
||||||||||
|
||||||||||||
Stockholders' Equity (Deficit)
|
||||||||||||
Common stock $0.001 par value 75,000,000 shares authorized 19,836,250 shares issued and outstanding at March 31, 2019 and 18,836,250 shares authorized and outstanding December 31, 2018
|
19,837
|
18,837
|
||||||||||
Shares to be issued
|
123,950
|
173,950
|
||||||||||
Additional paid in capital
|
590,988
|
541,988
|
||||||||||
Accumulated Deficit
|
(643,305
|
)
|
(635,703
|
)
|
||||||||
Total Stockholders' Equity (Deficit)
|
91,470
|
99,072
|
||||||||||
|
||||||||||||
Total Liabilities and Stockholders' Equity (Deficit)
|
$
|
100,320
|
$
|
104,872
|
|
March 31, 2019
|
March 31,2018
|
||||||
Revenue
|
||||||||
Video Filming
|
$
|
5,000
|
$
|
5,200
|
||||
Total Revenue
|
5,000
|
5,200
|
||||||
|
||||||||
Cost of Goods Sold
|
-
|
-
|
||||||
|
||||||||
Gross Profit
|
5,000
|
5,200
|
||||||
|
||||||||
Operating Expenses
|
||||||||
Depreciation and amortization
|
3,644
|
1,144
|
||||||
Professional Fees
|
8,097
|
10,097
|
||||||
Advertising & Marketing Expense
|
-
|
599
|
||||||
General & Administrative
|
861
|
1,656
|
||||||
|
||||||||
Total Expenses
|
12,602
|
13,496
|
||||||
|
||||||||
Net Operating Income Before Taxes
|
(7,602
|
)
|
(8,296
|
)
|
||||
|
||||||||
Provision for Income taxes
|
-
|
-
|
||||||
|
||||||||
Net Income
|
$
|
(7,602
|
)
|
$
|
(8,296
|
)
|
||
|
||||||||
Basic and Diluted Loss Per Common Share
|
$
|
(.00
|
)
|
$
|
(.00
|
)
|
||
|
||||||||
Weighted Average Shares Basic and Diluted
|
19,672,315
|
8,836,250
|
Common Stock Number of Shares
|
Amount
|
Additional Paid in Capital
|
Shares to be Issued
|
Retained Earnings
|
Total
|
|||||||||||||||||||
January 1, 2018
|
18,836,250
|
$
|
8,837
|
$
|
51,988
|
$
|
-
|
$
|
(34,863
|
)
|
$
|
25,962
|
||||||||||||
Net Income (Loss)
|
(8,295
|
)
|
(8,295
|
)
|
||||||||||||||||||||
March 31, 2018
|
18,836,250
|
$
|
8,837
|
51,988
|
$
|
-
|
$
|
(43,158
|
)
|
$
|
17,667
|
|||||||||||||
January 1, 2019
|
18,836,250
|
$
|
18,837
|
$
|
541,988
|
$
|
173,950
|
$
|
(635,703
|
)
|
$
|
99,072
|
||||||||||||
Stock issued for Asset
|
1,000
|
49,000
|
(50,000
|
)
|
-
|
|||||||||||||||||||
Net Income (Loss)
|
(7,602
|
)
|
(7602
|
)
|
||||||||||||||||||||
March 31, 2019
|
19,836,250
|
$
|
19,837
|
590,988
|
$
|
123,950
|
$
|
(643,305
|
)
|
$
|
91,470
|
|
March 31,
|
March 31,
|
||||||
|
2019
|
2018
|
||||||
Cash Flows from Operating Activities
|
||||||||
Net Income (Loss)
|
$
|
(7,602
|
)
|
$
|
(8,296
|
)
|
||
Adjustments to Reconcile Net Loss To Net Cash
|
||||||||
Change in Accounts receivable
|
(5,000
|
)
|
(5,200
|
)
|
||||
Change in Accounts payable
|
3,050
|
7,200
|
||||||
Depreciation and Amortization
|
3,644
|
1,144
|
||||||
Net Cash Provided by (Used in) Operating Activities
|
(5,908
|
)
|
(5,152
|
)
|
||||
Increase (Decrease) in cash
|
(5,908
|
)
|
(5,152
|
)
|
||||
|
||||||||
Cash at Beginning of Period
|
30,085
|
5,617
|
||||||
|
||||||||
Cash at End of Period
|
$
|
24,177
|
$
|
465
|
||||
|
||||||||
Supplemental Cash flow Information
|
||||||||
Cash paid for Interest
|
$
|
-
|
$
|
-
|
||||
|
||||||||
Cash paid for income taxes
|
$
|
-
|
$
|
-
|
||||
|
Equipment
|
March 31
2019
|
December 31,
2018
|
||||||
Equipment
|
$
|
22,884
|
$
|
22,884
|
||||
Accumulated Depreciation
|
(16,158
|
)
|
(15,014
|
)
|
||||
Net Equipment
|
$
|
6,726
|
$
|
7,870
|
|
||||||||
March 31,
2019
|
December 31,
2018
|
|||||||
Script Acquisition
|
$
|
50,000
|
$
|
50,000-
|
||||
Accumulated Amortization
|
(5,833
|
)
|
3,333
|
|||||
Net Equipment
|
$
|
44,167
|
$
|
46,667
|
Name
|
Date Issued
|
Shares Issued and to be issued
|
Price per Share
|
Total $ Amount
|
Issued for
|
||||||||||||
Joe
Lewis
|
7-3-18
|
10,000,000
|
$
|
.05
|
$
|
500,000
|
Services
|
||||||||||
Rising Phoenix
|
7-25-18
|
1,000,000
|
$
|
.05
|
$
|
50,000
|
Consulting Services
|
||||||||||
Darlene Riede
|
8-2-18
|
100,000
|
$
|
.05
|
$
|
5,000
|
Services
|
||||||||||
MCR Enterprises
|
8-16-18
|
500,000
|
$
|
.05
|
$
|
25,000
|
Consulting Services
|
||||||||||
Tala Media Corp
|
8-20-18
|
829,000
|
$
|
.05
|
$
|
41,450
|
Script Asset Acquisition
|
||||||||||
Hannah Grabowski
|
11-12-18
|
250,000
|
$
|
.05
|
$
|
12,500
|
Marketing Services
|
||||||||||
Jeremy Woertnik
|
11-15-18
|
200,000
|
$
|
.05
|
$
|
10,000
|
Services
|
||||||||||
777 Capital
|
12-31-18
|
600,000
|
$
|
.05
|
$
|
30,000
|
Investment
|
Number
|
Exhibit
|
101**
|
Interactive Data files
|
Dated: May 10, 2019
|
TECH CENTRAL, INC.
|
|
|
|
|
|
By:
|
/s/ Joe Lewis
|
|
|
Joe Lewis,
|
|
|
Chief Executive Officer
|
1 Year Tech Cent (CE) Chart |
1 Month Tech Cent (CE) Chart |
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