SPEV: the balance sheet

MyFinsight

For the year ending 2025-12-31, SPEV has $54,557 in assets. $2,053,443 in debts.

Balance Sheets	2025-12-31
Cash	15,374
Accounts receivable	984
Inventory	37,199
Total current assets	53,557
Other asset	1,000
Total non-current assets	1,000
Total assets	54,557

Accounts payable and accrued expenses	125,049
Accounts payable related party-Related Party	48,864
Accrued officer compensation related party-Related Party	506,668
Accrued interest related party-Related Party	216,014
Note payable-Related Party	125,775
Note payable-Nonrelated Party	111,395
Total current liabilities	1,133,765
Notes payable, net of current portion related party	919,678
Total liabilities	2,053,443
Preferred stock, value	20,000
Common stock, 0.01 par value, 100,000,000 shares authorized 49,190,204 and 48,478,678 shares issued and outstanding, respectively	491,902
Additional paid-in capital	809,807
Accumulated deficit	-3,278,141
Treasury stock, at cost 39,975 shares of common stock	42,454
Total stockholders deficit	-1,998,886
Total liabilities and stockholders deficit	54,557

Unit: Dollar.