SPIN-OFF OF NOTATION LABS INC. (Tables)

3 Months Ended

Mar. 31, 2022

SPIN-OFF OF NOTATION LABS INC.

Schedule of net assets and liabilities

Assets
Cash and cash equivalents	79,517
Due to related party	486,500
Total Assets of Discontinued Operations	566,017
Liabilities
Trade accounts payable and accrued liabilities	75,918
Due to related party	200
Notes payable - related party	400,000
Notes payable	21,340
Royalty liability	460,000
Total current liabilities of discontinued operations	957,458
Net liabilites spun off to shareholders	(391,441	)

Schedule of components of aasets and liabilities of discontinued operation

	December 31
	2021
Assets
Cash and cash equivalents		20,831
Total Assets of Discontinued Operations
Liabilities
Trade accounts payable and accrued liabilities		76,739
Due to related party		200
Notes payable - related party		200,000
Notes payable		21,340
Royalty liability		460,000
Total current liabilities of discontinued operations		758,279

Schedule of component of loss from discontinued operation

	March 31,
	2022
Selling, general and administrative		683
Research and development		25,804
Other (income) expense, net		2
loss from discontinued operations before taxes		26,489
Taxes on income		-
Loss from discontinued operations, net of taxes		26,489

Schedule of component of cash flow from discontinued operation

	March 31
Cash Flows from Operating Activities:	2022
Retained earnings transferred to Notation labs		391,441
Net assets transferred to Notation labs		134,831
Net liabilites tranferred to Notation labs		(536,114	)
Accounts payable and accrued liabilities		(825	)
Net transfers to Notation Labs included in Net Cash used in operating activites included in Discontinued Operations		(10,667	)
Cash Flows from Financing Activities:
Proceeds from notes payable related party		(114,000	)
Net transfer to Notation labs from financing activites		151,160
Net transfers to Notation Labs included in Net Cash Provided by Financing activites  Discontinued Operations		37,160