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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K/A
(Amendment
No.1 to Form 8-K)
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): July 13, 2023
BRAVO MULTINATIONAL INCORPORATED
(Name of small business in its charter)
|
|
|
|
|
Wyoming |
|
000-53505 |
|
85-4068651 |
(State
or other jurisdiction of incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer Identification No.) |
|
|
|
|
|
(Address
of principal executive offices)
2020 General Booth Blvd., Suite 230
Virginia Beach, VA 23454 |
|
Registrants
telephone number:
757-306-6090
Check
the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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
EXPLANATORY
NOTE
As
previously reported, on July 03, 2023, Bravo Multinational, Inc. (BRAVO), a corporation formed under the laws of the State
of Wyoming, entered into a Share Exchange Agreement (the Agreement) with Recombinant Productions Inc. (RPI),
a corporation formed under the laws of the State of Nevada. Under the terms of the Agreement, the RPI shareholders will exchange shares
representing approximately 51% of the outstanding shares of RPI common stock to BRAVO in exchange for 8,500,000 shares of BRAVO common
stock.
On
July 13, 2023, this transaction closed in accordance with terms of the Stock Purchase Agreement previously filed.
This
Amendment No. 1 to our Current Report on Form 8-K is being filed to report the financial information that was required to be presented
as a result of the closing described in our earlier Current Reports referenced herein.
Recombinant
Productions, Inc. (RPI) is a Nevada corporation that is engaged in the business of developing and acquiring entertainment
content and related technologies that span both traditional and new media distribution platforms.
Certain
statements contained in this current report on Form 8-K are forward-looking statements and are based on future expectations, plans and
prospects for BRAVOs business and operations and involve a number of risks and uncertainties. BRAVOs forward-looking statements
in this report are made as of the date hereof and BRAVO disclaims any duties to supplement, update or revise such statements on a going
forward basis whether as a result of subsequent developments, change or expectations or otherwise. In connection with the safe
harbor provision of the Private Securities Litigation Reform Act of 1995, BRAVO is identifying certain forward-looking information
regarding, among other things, the Important factors that could cause further events or results to vary from those addressed in the forward-looking
statements, including, without limitation, risks and uncertainties arising from the ability of BRAVO to successfully manage the acquisition
of RPI; uncertainties relating to the ability to realize the expected benefits of the share exchange; unanticipated or unfavourable regulatory
matters; general economic conditions in the region and industry in which the companies operate, and other risk factors as discussed in
other BRAVO filings made from time to time with the United States Securities and Exchange Commission.
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
Item
9.01- Fiancial Statements and Exhibits:
(a)
Financial Statments of Business Acquired
RECOMBINANT
PRODUCTIONS, INC.
|
FINANCIAL
REPORTS |
AT |
JUNE
30, 2023 |
INDEX
TO FINANCIAL STATEMENTS
Report
of Independent Registered Public Accounting Firm
To
the shareholders and the board of directors of Recombinant Productions Inc.
Opinion
on the Financial Statements
We
have audited the accompanying balance sheet of Recombinant Productions Inc. (the Company) as of June 30, 2023, the
related statement of operations, stockholders equity (deficit), and cash flows for the period June 15, 2023 (Inception) through June
30, 2023 and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements
present fairly, in all material respects, the financial position of the Company as of June 30, 2023, and the results of its operations
and its cash flows for the period June 15, 2023 (Inception) through June 30, 2023, in conformity with accounting principles generally
accepted in the United States.
Substantial
Doubt about the Companys Ability to Continue as a Going Concern
The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note
4 to the financial statements, the Company has suffered recurring losses from operations and has a significant accumulated deficit. In
addition, the Company continues to experience negative cash flows from operations. These factors raise substantial doubt about the Companys
ability to continue as a going concern. Managements plans in regard to these matters are also described in Note 4. The financial statements
do not include any adjustments that might result from the outcome of this uncertainty.
Basis
for Opinion
These
financial statements are the responsibility of the Companys management. Our responsibility is to express an opinion on the Companys
financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board
(United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal
securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We
conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company
is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits
we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion
on the effectiveness of the Companys internal control over financial reporting. Accordingly, we express no such opinion.
Our
audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or
fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding
the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant
estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides
a reasonable basis for our opinion.
/S
BF Borgers CPA PC
BF
Borgers CPA PC (PCAOB ID 5041)
We
have served as the Companys auditor since 2023
Lakewood,
CO
September
19, 2023
RECOMBINANT
PRODUCTIONS INC. |
|
CONDENSED
BALANCE SHEET |
| |
|
| |
(Audited) |
| |
June 30, |
| |
2023 |
| |
|
ASSETS | |
|
Current Assets | |
| | |
Cash | |
$ | - | |
| |
| | |
Total Assets | |
$ | - | |
| |
| | |
LIABILITIES AND STOCKHOLDERS DEFICIT | |
| | |
| |
| | |
Current Liabilities | |
| | |
Accounts Payable | |
$ | 1,000 | |
| |
| | |
Total Current Liabilities | |
| 1,000 | |
| |
| | |
Total Liabilities | |
| 1,000 | |
| |
| | |
Stockholders Deficit | |
| | |
Common Stock - $0.001 Par; 10,000 Shares Authorized, 10,000 Issued and Outstanding | |
| 10 | |
Additional Paid-In-Capital | |
| 844 | |
Accumulated Deficit | |
| (1,854 | ) |
| |
| | |
Total Stockholders Deficit | |
| (1,000 | ) |
| |
| | |
Total Liabilities and Stockholders Deficit | |
$ | - | |
The accompanying notes are
an integral part of these unaudited financial statements.
RECOMBINANT
PRODUCTIONS INC. |
|
CONDENSED
STATEMENT OF OPERATIONS - AUDITED |
| |
|
From June 15, 2023 (Date of Inception) to June 30, | |
2023 |
| |
|
Revenue | |
$ | - | |
| |
| | |
Operating Expenses | |
| | |
General and Administrative - Organization Expense | |
| 1,854 | |
| |
| | |
Total Operating Expenses | |
| 1,854 | |
| |
| | |
Net Loss for the Period | |
$ | (1,854 | ) |
| |
| | |
Weighted Average Number of Common Shares - Basic and Diluted | |
| 9,667 | |
| |
| | |
Net Loss for the Period Per Common Shares - Basic and Diluted | |
$ | (0.19 | ) |
The accompanying notes are
an integral part of these unaudited financial statements.
RECOMBINANT
PRODUCTIONS INC. |
|
CONDENSED
STATEMENTS OF CASH FLOWS - AUDITED |
| |
|
From June 15, 2023 (Date of Inception) to June 30, | |
2023 |
| |
|
Cash Flows from Operating Activities | |
| | |
| |
| | |
Net Loss for the Period | |
$ | (1,854 | ) |
| |
| | |
Changes in Assets and Liabilities: | |
| | |
Accounts Payable and Accrued Liabilities | |
| 1,000 | |
| |
| | |
Net Cash Flows Used In Operating Activities | |
| (854 | ) |
| |
| | |
Cash Flows from Investing Activities | |
| - | |
| |
| | |
Cash Flows from Financing Activities | |
| | |
Capital Contributions | |
| 854 | |
| |
| | |
Net Cash Flows Provided By Financing Activities | |
| 854 | |
| |
| | |
Net Change in Cash | |
| - | |
| |
| | |
Cash - Beginning of Period | |
| - | |
| |
| | |
Cash - End of Period | |
$ | - | |
| |
| | |
Cash Paid During the Period for: | |
| | |
Interest | |
$ | - | |
Income Taxes | |
$ | - | |
| |
| | |
Schedule of Non-Cash Transactions: | |
| | |
Issuance of Common Stock | |
$ | 10 | |
The accompanying notes are
an integral part of these unaudited financial statements.
RECOMBINANT
PRODUCTIONS INC. |
|
CONDENSED
STATEMENT OF CHANGES IN STOCKHOLDERS DEFICIT FROM JUNE 15, 2023 (DATE OF INCEPTION) TO JUNE 30, 2023 - AUDITED |
| |
| |
| |
| |
| |
|
| |
Common Stock | |
Additional | |
| |
Total |
| |
$0.001 Par | |
Paid-In | |
Accumulated | |
Stockholders |
| |
Shares | |
Amount | |
Capital | |
Deficit | |
Deficit |
Balance - June 15, 2023 Inception | |
| - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Issuance of Common Stock | |
| 10,000 | | |
| 10 | | |
| (10 | ) | |
| - | | |
| - | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Capital Contributions | |
| - | | |
| - | | |
| 854 | | |
| - | | |
| 854 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Net Loss for the Period | |
| - | | |
| - | | |
| - | | |
| (1,854 | ) | |
| (1,854 | ) |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Balance - June 30, 2023 | |
| 10,000 | | |
$ | 10 | | |
$ | 844 | | |
$ | (1,854 | ) | |
$ | (1,000 | ) |
The accompanying notes are an integral part of these unaudited financial statements.
NOTE
1 – Organization & Description of Business
Recombinant
Productions, Inc. (RPI) was formed on June 15, 2023, as a Nevada corporation. The Company is engaged in the business
of developing and acquiring entertainment content and related technologies that span both traditional and new media distribution platforms.
RPI
will focus on documentary film and live event projects that have both initial release and long-term catalog opportunities, as well as
in-person experiential and merchandising tie-ins.
NOTE
2 – Summary of Significant Accounting Policies
Method
of Accounting
The
Companys condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted
in the United States of America (U.S. GAAP).
Cash
and Cash Equivalents
Cash
and cash equivalents may include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities
of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States,
which periodically may exceed federally insured amounts.
Use
of Estimates
The
preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires
management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent
assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting
period. Actual results could differ from those estimates.
Earnings
(Loss) per Share
Earnings
(loss) per share of common stock are computed in accordance with FASB ASC 260 Earnings per Share. Basic earnings
(loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common
shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of
shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive.
Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding
and diluted earnings (loss) per share.
NOTE
3 – Recently Issued Accounting Pronouncements
The
Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements
and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on
its financial position or results of operations.
NOTE
4 – Going Concern
The
Companys condensed financial statements have been presented on the basis that it is a going concern, which contemplates the realization
of assets and the satisfaction of liabilities in the normal course of business. The Company has reported recurring losses from operations
and has net current liabilities and an accumulated deficit. These conditions raise substantial doubt as to the Companys
ability to continue as a going concern.
While
the Company is attempting to continue operations and generate revenues, the Companys cash position may not be significant enough
to support the Companys daily operations. Management intends to raise additional funds by way of a public or private offering.
Management believes that the actions presently being taken to further implement the Companys business plan and generate
revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of
its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The
ability of the Company to continue as a going concern is dependent upon the Companys ability to further implement its business
plan and generate revenues. During the three months ended June 30,2023 due to lack of revenues the President of the Company paid for
all expenses through capital contributions to the Company. This allowed the Company to continue as a going concern.
NOTE
5 – Related Party Transactions
During
the three months ended June 30, 2023, the President of the Company paid expenses of the Company in the amount of $844. This amount
was not to be reimbursed to the Company and was therefore included in capital contributions as of June 30, 2023.
NOTE
6 – Capital Stock
Common
Stock
Common
stock consists of 10,000 shares authorized at $0.001 par value. During the three months ended June 30, 2023, 10,000 shares of common
stock were issued.
NOTE
7 - Subsequent Events
On
July 3, 2023, the Company entered into a share exchange agreement with Bravo Multinational Incorporated., (BMI), a Wyoming
corporation that is engaged in the business of developing and acquiring entertainment content and related technologies that span both
traditional and new media distribution platforms. This transaction closed on July 13, 2023. Under the terms of the agreement, Company
shareholders exchanged shares representing approximately 51% of their outstanding common stock to the BMI in exchange for 8,500,000 shares
of the common stock of BMI. The Company is now a majority owned subsidiary of BMI.
On
July 20, 2023, Bravo Multinational Incorporated formed a wholly-owned subsidiary, Global Merchandising, Inc., a Nevada Corporation.
(b)
Pro Forma Finanical Infomation
BRAVO
MULTINATIONAL INCORPORATED AND RECOMBINANT PRODUCTIONS, INC. |
UNAUDITED
PROFORMA CONSOLIDATED CONDENSED BALANCE SHEET |
as
of June 30, 2023 |
(1)
To eliminate historical equity values of RCI. |
(2)
To reflect value of stock issued and impairment of goodwill at date of share exchange |
(c)
Exhibits
None
Dated:
September 19, 2023 |
BRAVO
MULTINATIONAL INCORPORATED
By: /s/Richard Kaiser
Name:
Richard Kaiser
Title:
Director/CFO |
v3.23.3
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|
Jul. 13, 2023 |
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|
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As
previously reported, on July 03, 2023, Bravo Multinational, Inc. (BRAVO), a corporation formed under the laws of the State
of Wyoming, entered into a Share Exchange Agreement (the Agreement) with Recombinant Productions Inc. (RPI),
a corporation formed under the laws of the State of Nevada. Under the terms of the Agreement, the RPI shareholders will exchange shares
representing approximately 51% of the outstanding shares of RPI common stock to BRAVO in exchange for 8,500,000 shares of BRAVO common
stock.
On
July 13, 2023, this transaction closed in accordance with terms of the Stock Purchase Agreement previously filed.
This
Amendment No. 1 to our Current Report on Form 8-K is being filed to report the financial information that was required to be presented
as a result of the closing described in our earlier Current Reports referenced herein.
Recombinant
Productions, Inc. (RPI) is a Nevada corporation that is engaged in the business of developing and acquiring entertainment
content and related technologies that span both traditional and new media distribution platforms.
Certain
statements contained in this current report on Form 8-K are forward-looking statements and are based on future expectations, plans and
prospects for BRAVOs business and operations and involve a number of risks and uncertainties. BRAVOs forward-looking statements
in this report are made as of the date hereof and BRAVO disclaims any duties to supplement, update or revise such statements on a going
forward basis whether as a result of subsequent developments, change or expectations or otherwise. In connection with the safe
harbor provision of the Private Securities Litigation Reform Act of 1995, BRAVO is identifying certain forward-looking information
regarding, among other things, the Important factors that could cause further events or results to vary from those addressed in the forward-looking
statements, including, without limitation, risks and uncertainties arising from the ability of BRAVO to successfully manage the acquisition
of RPI; uncertainties relating to the ability to realize the expected benefits of the share exchange; unanticipated or unfavourable regulatory
matters; general economic conditions in the region and industry in which the companies operate, and other risk factors as discussed in
other BRAVO filings made from time to time with the United States Securities and Exchange Commission.
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
|
Document Period End Date |
Jul. 13, 2023
|
Entity File Number |
000-53505
|
Entity Registrant Name |
BRAVO MULTINATIONAL INCORPORATED
|
Entity Central Index Key |
0001444839
|
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|
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|
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v3.23.3
CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT - 1 months ended Jun. 30, 2023 - USD ($)
|
Common Stock [Member] |
Additional Paid-in Capital [Member] |
Retained Earnings [Member] |
Total |
Balance - June 15, 2023 Inception at Jun. 14, 2023 |
|
|
|
|
Beginning balance, shares at Jun. 14, 2023 |
|
|
|
|
Issuance of Common Stock |
$ 10
|
(10)
|
|
|
Issuance of Common Stock, shares |
10,000
|
|
|
|
Capital Contributions |
|
854
|
|
854
|
Net Loss for the Period |
|
|
(1,854)
|
(1,854)
|
Balance - June 30, 2023 at Jun. 30, 2023 |
$ 10
|
$ 844
|
$ (1,854)
|
$ (1,000)
|
Ending balance, shares at Jun. 30, 2023 |
10,000
|
|
|
|
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- DefinitionAmount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.
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v3.23.3
Organization & Description of Business
|
1 Months Ended |
Jun. 30, 2023 |
Accounting Policies [Abstract] |
|
Organization & Description of Business |
NOTE
1 – Organization & Description of Business
Recombinant
Productions, Inc. (RPI) was formed on June 15, 2023, as a Nevada corporation. The Company is engaged in the business
of developing and acquiring entertainment content and related technologies that span both traditional and new media distribution platforms.
RPI
will focus on documentary film and live event projects that have both initial release and long-term catalog opportunities, as well as
in-person experiential and merchandising tie-ins.
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v3.23.3
Summary of Significant Accounting Policies
|
1 Months Ended |
Jun. 30, 2023 |
Accounting Policies [Abstract] |
|
Summary of Significant Accounting Policies |
NOTE
2 – Summary of Significant Accounting Policies
Method
of Accounting
The
Companys condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted
in the United States of America (U.S. GAAP).
Cash
and Cash Equivalents
Cash
and cash equivalents may include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities
of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States,
which periodically may exceed federally insured amounts.
Use
of Estimates
The
preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires
management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent
assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting
period. Actual results could differ from those estimates.
Earnings
(Loss) per Share
Earnings
(loss) per share of common stock are computed in accordance with FASB ASC 260 Earnings per Share. Basic earnings
(loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common
shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of
shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive.
Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding
and diluted earnings (loss) per share.
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v3.23.3
Recently Issued Accounting Pronouncements
|
1 Months Ended |
Jun. 30, 2023 |
Accounting Changes and Error Corrections [Abstract] |
|
Recently Issued Accounting Pronouncements |
NOTE
3 – Recently Issued Accounting Pronouncements
The
Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements
and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on
its financial position or results of operations.
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v3.23.3
Going Concern
|
1 Months Ended |
Jun. 30, 2023 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
Going Concern |
NOTE
4 – Going Concern
The
Companys condensed financial statements have been presented on the basis that it is a going concern, which contemplates the realization
of assets and the satisfaction of liabilities in the normal course of business. The Company has reported recurring losses from operations
and has net current liabilities and an accumulated deficit. These conditions raise substantial doubt as to the Companys
ability to continue as a going concern.
While
the Company is attempting to continue operations and generate revenues, the Companys cash position may not be significant enough
to support the Companys daily operations. Management intends to raise additional funds by way of a public or private offering.
Management believes that the actions presently being taken to further implement the Companys business plan and generate
revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of
its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The
ability of the Company to continue as a going concern is dependent upon the Companys ability to further implement its business
plan and generate revenues. During the three months ended June 30,2023 due to lack of revenues the President of the Company paid for
all expenses through capital contributions to the Company. This allowed the Company to continue as a going concern.
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- DefinitionThe entire disclosure when substantial doubt is raised about the ability to continue as a going concern. Includes, but is not limited to, principal conditions or events that raised substantial doubt about the ability to continue as a going concern, management's evaluation of the significance of those conditions or events in relation to the ability to meet its obligations, and management's plans that alleviated or are intended to mitigate the conditions or events that raise substantial doubt about the ability to continue as a going concern.
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v3.23.3
Related Party Transactions
|
1 Months Ended |
Jun. 30, 2023 |
Related Party Transactions [Abstract] |
|
Related Party Transactions |
NOTE
5 – Related Party Transactions
During
the three months ended June 30, 2023, the President of the Company paid expenses of the Company in the amount of $844. This amount
was not to be reimbursed to the Company and was therefore included in capital contributions as of June 30, 2023.
|
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v3.23.3
Capital Stock
|
1 Months Ended |
Jun. 30, 2023 |
Stockholders Deficit |
|
Capital Stock |
NOTE
6 – Capital Stock
Common
Stock
Common
stock consists of 10,000 shares authorized at $0.001 par value. During the three months ended June 30, 2023, 10,000 shares of common
stock were issued.
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- DefinitionThe entire disclosure for equity.
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v3.23.3
Subsequent Events
|
1 Months Ended |
Jun. 30, 2023 |
Subsequent Events [Abstract] |
|
Subsequent Events |
NOTE
7 - Subsequent Events
On
July 3, 2023, the Company entered into a share exchange agreement with Bravo Multinational Incorporated., (BMI), a Wyoming
corporation that is engaged in the business of developing and acquiring entertainment content and related technologies that span both
traditional and new media distribution platforms. This transaction closed on July 13, 2023. Under the terms of the agreement, Company
shareholders exchanged shares representing approximately 51% of their outstanding common stock to the BMI in exchange for 8,500,000 shares
of the common stock of BMI. The Company is now a majority owned subsidiary of BMI.
On
July 20, 2023, Bravo Multinational Incorporated formed a wholly-owned subsidiary, Global Merchandising, Inc., a Nevada Corporation.
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v3.23.3
Summary of Significant Accounting Policies (Policies)
|
1 Months Ended |
Jun. 30, 2023 |
Accounting Policies [Abstract] |
|
Method of Accounting |
Method
of Accounting
The
Companys condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted
in the United States of America (U.S. GAAP).
|
Cash and Cash Equivalents |
Cash
and Cash Equivalents
Cash
and cash equivalents may include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities
of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States,
which periodically may exceed federally insured amounts.
|
Use of Estimates |
Use
of Estimates
The
preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires
management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent
assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting
period. Actual results could differ from those estimates.
|
Earnings (Loss) per Share |
Earnings
(Loss) per Share
Earnings
(loss) per share of common stock are computed in accordance with FASB ASC 260 Earnings per Share. Basic earnings
(loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common
shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of
shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive.
Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding
and diluted earnings (loss) per share.
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v3.23.3
Pro Forma Finanical Infomation (Details) - USD ($)
|
Jul. 30, 2023 |
Jun. 30, 2023 |
Jun. 14, 2023 |
Current Assets |
|
|
|
Cash |
|
|
|
Total Assets |
|
|
|
Current Liabilities |
|
|
|
Total Liabilities |
1,000
|
|
|
Stockholders Deficit: |
|
|
|
Common Stock |
10
|
|
|
Additional paid-in capital |
844
|
|
|
Total Stockholders Deficit |
(1,000)
|
$ (1,000)
|
|
Total Liabilities and Stockholders Deficit |
|
|
|
Pro Forma Adjustments [Member] |
|
|
|
Stockholders Deficit: |
|
|
|
Common Stock |
|
(10)
|
|
Additional paid-in capital |
|
10
|
|
Net loss |
|
(4,080,000)
|
|
Accumulated deficit |
|
|
|
Total Stockholders Deficit |
|
|
|
Total Liabilities and Stockholders Deficit |
|
|
|
Pro Forma [Member] |
|
|
|
Current Assets |
|
|
|
Cash |
|
2,535
|
|
Prepaids |
|
29,325
|
|
Total Assets |
|
31,860
|
|
Current Liabilities |
|
|
|
Accounts payable and accrued expenses |
|
9,936
|
|
Customer deposits |
|
35,800
|
|
Due to related parties |
|
66,230
|
|
Accrued board of directors fees |
|
119,750
|
|
Total Liabilities |
|
231,716
|
|
Stockholders Deficit: |
|
|
|
Common Stock |
|
5,613
|
|
Additional paid-in capital |
|
95,034,403
|
|
Net loss |
|
(4,299,152)
|
|
Accumulated deficit |
|
(91,159,872)
|
|
Total Stockholders Deficit |
|
(199,856)
|
|
Total Liabilities and Stockholders Deficit |
|
31,860
|
|
Bravo Multinational [Member] |
|
|
|
Current Assets |
|
|
|
Cash |
|
2,535
|
|
Prepaids |
|
29,325
|
|
Total Assets |
|
31,860
|
|
Current Liabilities |
|
|
|
Accounts payable and accrued expenses |
|
8,936
|
|
Customer deposits |
|
35,800
|
|
Due to related parties |
|
66,230
|
|
Accrued board of directors fees |
|
119,750
|
|
Total Liabilities |
|
230,716
|
|
Stockholders Deficit: |
|
|
|
Common Stock |
|
4,763
|
|
Additional paid-in capital |
|
90,954,399
|
|
Net loss |
|
(217,298)
|
|
Accumulated deficit |
|
(91,158,018)
|
|
Total Stockholders Deficit |
|
(198,856)
|
|
Total Liabilities and Stockholders Deficit |
|
31,860
|
|
Recombinant Productions [Member] |
|
|
|
Current Assets |
|
|
|
Cash |
|
|
|
Prepaids |
|
|
|
Total Assets |
|
|
|
Current Liabilities |
|
|
|
Accounts payable and accrued expenses |
|
1,000
|
|
Customer deposits |
|
|
|
Due to related parties |
|
|
|
Accrued board of directors fees |
|
|
|
Total Liabilities |
|
1,000
|
|
Stockholders Deficit: |
|
|
|
Common Stock |
|
10
|
|
Additional paid-in capital |
|
844
|
|
Net loss |
|
(1,854)
|
|
Accumulated deficit |
|
(1,854)
|
|
Total Stockholders Deficit |
|
(1,000)
|
|
Total Liabilities and Stockholders Deficit |
|
|
|
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