SEC EDGAR FILING DOCUMENT


EXHIBIT 10.1




		
	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