IPE UNIVERSAL INC. UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
- QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2022
or
- TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from April 1, 2022 to June 30, 2022
IPE UNIVERSAL INC. | ||
(Exact name of registrant as specified in its charter) | ||
Wyoming | 2020-000951605 | |
(State or other jurisdiction of incorporation or | (Entity Identification number) | |
organization) | ||
610 Hawkcrest Circle | ||
Sacramento, CA 95835 | ||
(Address of principal executive offices) | ||
(916) 680-7975
(Registrant's telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Symbol | Name of each exchange on which registered |
None | IPEU | None |
Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S- T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definition of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer | ☐ | Accelerated filer | ☐ |
Non-accelerated filer | ☒ | Smaller reporting company | ☒ |
Emerging growth company | ☐ | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date:
Common Stock, $0.001 par value | 300,110,780 shares |
(Class) | (Outstanding at June 30, 20 |
FINANCIAL INFORMATION
IPE UNIVERSAL INC.
Condensed Consolidated Balance Sheets
(Unaudited)
(Currency expressed in $ US dollar)
Assets | June 31, 2021 | |||
Amount | ||||
Current Assets | $213,545.65 | |||
Cash & cash equivalents | 193,310.70 | |||
Account receivable(net) | 20,066.89 | |||
Prepayment | 150.50 | |||
Other current assets | 17.56 | |||
Noncurrent Assets | $ | 200.67 | ||
Other nonconcurrent assets | 200.67 | |||
Total Assets | $213,746.32 | |||
Liabilities & Equity | ||||
Current Liabilities | $209,438.56 | |||
Other payable | 209,438.56 | |||
Total Liabilities | $209,438.56 | |||
Equity | ||||
Capital | $ | 3,344.48 | ||
Retained Earnings - (Accumulated Profit & Loss) | 963.28 | |||
Total Liabilities & Equity | $ | 4,307.76 |
IPE UNIVERSAL INC.
Statement Of Comprehensive Income
(Unaudited)
April 01, 2022 to June 30, 2022
(Currency expressed in $ US dollar)
June 30, 2022 | ||
Amount | ||
Net sales | 15,926.07 | |
Less: Cost of goods sold | (2,508.36) | |
Gross profit | 13,417.73 | |
Operating expenses | (10,548.23) | |
Operating profit | 2,869.50 | |
Non-operating revenue and expenses | 1.77 | |
Interest revenue | 1.77 | |
Net Income before taxes | 2,871.27 | |
Income tax expenses | - | |
Net Income after taxes | 2,871.27 |
IPE UNIVERSAL INC. | ||||||||
Statement Of Change in Equity | ||||||||
(Unaudited) | ||||||||
April 01, 2022 to June 30, 2022 | ||||||||
(Currency expressed in $ US dollar) | ||||||||
Description | Capital | Legal Reserve | Retained Earnings- | Total | ||||
(Accumulated profit & loss) | ||||||||
Cash capital increase | $ | 3,344.48 | $ | - | (1,907.99) | $ | 1,436.49 | |
Net income after taxes at June 30, 2022 | - | $ | 2,871.27 | $ | 2,871.27 | |||
Balance at June 30, 2022 | $ | 3,344.48 | $ | - | $ | 963.28 | $ | 4,307.76 |
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Keynes Technology Co. Ltd. published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 05:27:05 UTC.
