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Force Protection Video Equipment Corp.- Balance Sheets - USD ($)
Jul. 31, 2018
Apr. 30, 2018
Current Assets:    
Cash and cash equivalents $ 1,187 $ 6,320
Accounts receivable 24,590 9,235
Inventory 111,024 117,889
Prepaid inventory 8,798 8,798
TOTAL CURRENT ASSETS 145,599 142,242
Property and equipment, net [1] 15,298 16,669
Operating Lease [2] 41,223 45,001
Deposits 1,650 1,650
TOTAL ASSETS 203,770 205,562
Current Liabilities:    
Accounts payable and accrued expenses 137,371 99,702
Shareholder advance 10,000 7,500
Operating lease liability 16,057 15,440
Loans 12,952  
Convertible promissory notes [3] 380,615 459,398
Total Current Liabilities 556,995 582,040
Long-term liabilities    
Warranty 130 143
Operating lease liability 25,565 29,811
Total liabilities 582,690 611,994
Commitments and Contingencies    
Redeemable Preferred Stock 5,000 5,000
Stockholders' Equity (deficit)    
Common stock 60,642 19,441
Additional paid-in capital 3,705,698 3,598,589
Accumulated Deficit (4,150,260) (4,029,462)
Total Stockholders' Equity (deficit) (383,920) (411,432)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 203,770 $ 205,562
[1] Net of accumulated depreciation of $9,293 and $7,922, respectively.
[2] Right of Use, Asset
[3] net of discount of $10,416 and $21,225, respectively.