SEC Info - Adm Endeavors, Inc. - ‘10-Q’ for 6/30/22

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		Alternative Formats (Word, et al.) Consolidated Balance Sheets as of June 30, 2022 and December 31, 2021 (unaudited) Consolidated Financial Statements (Unaudited) Consolidated Statements of Cash Flows for the six months ended June 30, 2022 and 2021 (unaudited) Consolidated Statements of Operations for the three and six months ended June 30, 2022 and 2021 (unaudited) Consolidated Statements of Shareholders' Equity for the six months ended June 30, 2022 and 2021 (unaudited) Controls and Procedures Defaults Upon Senior Securities Exhibits Legal Proceedings Management's Discussion and Analysis of Financial Condition and Results of Operations Mine Safety Disclosures Notes to the Consolidated Financial Statements (unaudited) Other Information Part I. Financial Information Part Ii. Other Information Qualitative and Quantitative Disclosures About Market Risk Risk Factors Unregistered Sales of Equity Securities and Use of Proceeds
1	1st Page – Filing Submission
"	Part I. Financial Information
"	Consolidated Financial Statements (Unaudited)
"	Consolidated Balance Sheets as of June 30, 2022 and December 31, 2021 (unaudited)
"	Consolidated Statements of Operations for the three and six months ended June 30, 2022 and 2021 (unaudited)
"	Consolidated Statements of Shareholders' Equity for the six months ended June 30, 2022 and 2021 (unaudited)
"	Consolidated Statements of Cash Flows for the six months ended June 30, 2022 and 2021 (unaudited)
"	Notes to the Consolidated Financial Statements (unaudited)
"	Management's Discussion and Analysis of Financial Condition and Results of Operations
"	Qualitative and Quantitative Disclosures About Market Risk
"	Controls and Procedures
"	Part Ii. Other Information
"	Legal Proceedings
"	Risk Factors
"	Unregistered Sales of Equity Securities and Use of Proceeds
"	Defaults Upon Senior Securities
"	Mine Safety Disclosures
"	Other Information
"	Exhibits

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i ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. i Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). i Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

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 ☐ i No ☒

As of August 15, 2022, there were i 153,652,143 shares of the registrant’s $0.001 par value common stock issued, issuable, and outstanding.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION

We believe that it is important to communicate our future expectations to our security holders and to the public. This report, therefore, contains statements about future events and expectations which are “forward-looking statements” within the meaning of Sections 27A of the Securities Act of 1933 and 21E of the Securities Exchange Act of 1934, including the statements about our plans, objectives, expectations and prospects under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” You can expect to identify these statements by forward-looking words such as “may,” “might,” “could,” “would,” “will,” “anticipate,” “believe,” “plan,” “estimate,” “project,” “expect,” “intend,” “seek” and other similar expressions. Any statement contained in this report that is not a statement of historical fact may be deemed to be a forward-looking statement. Although we believe that the plans, objectives, expectations and prospects reflected in or suggested by our forward-looking statements are reasonable, those statements involve risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements, and we can give no assurance that our plans, objectives, expectations and prospects will be achieved.

Important factors that might cause our actual results to differ materially from the results contemplated by the forward-looking statements are contained in the “Risk Factors” section of and elsewhere in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and in our subsequent filings with the Securities and Exchange Commission. The following discussion of our results of operations should be read together with our financial statements and related notes included elsewhere in this report.

On January 4, 2001, we were incorporated in North Dakota as ADM Enterprises, Inc. On May 9, 2006, the Company changed both its name to ADM Endeavors, Inc. (“ADM Endeavors,” or the “Company,” “we,” “us,” or “our”) and its domicile to the state of Nevada. On July 1, 2008, the Company acquired all of the assets of ADM Enterprises, LLC (“ADM Enterprises”), a sole proprietorship owned by Ardell and Tammera Mees, in exchange for 10,000,000 newly issued shares of our common stock. As a result, ADM Enterprises became a wholly owned subsidiary of the Company. ADM then provided installation services to grocery décor and design companies primarily in North Dakota.

On April 19, 2018, the Company acquired Just Right Products, Inc. (“JRP”), a Texas corporation. JRP was incorporated on January 17, 2010. The acquisition of 100% of JRP from its sole shareholder, Marc Johnson, was through a stock exchange whereby the Company issued 2,000,000 shares of restricted Series A preferred stock (the “Acquisition Shares”) to Mr. Johnson in consideration of the acquisition of 100% of JRP from Mr. Johnson. Each share of the Series A preferred stock is convertible into ten shares of common stock, and each share has 100 votes on a fully diluted basis. The Acquisition Shares represented 61% of the voting shares of the Company, and thus there was a change of voting control in connection with the transaction, and the transaction was accounted for as a reverse acquisition.

JRP is focused on being an added value reseller with concentration in embroidery, screen printing, importing and uniforms for businesses, schools and individuals in the State of Texas.

On January 1, 2020, the Company determined that it would discontinue its business operations in North Dakota, specifically, ADM Enterprises (the “Disposed Company”). The Company divested itself of the Disposed Company, and since that time, the Company has been focusing exclusively on the business of its operational subsidiary, JRP.

U.S. and global markets are experiencing volatility and disruption following the escalation of geopolitical tensions and the start of the military conflict between Russia and Ukraine. On February 24, 2022, a full-scale military invasion of Ukraine by Russian troops was reported. Although the length and impact of the ongoing military conflict is highly unpredictable, the conflict in Ukraine could lead to market disruptions, including significant volatility in commodity prices, credit and capital markets, as well as supply chain interruptions. We are continuing to monitor the situation in Ukraine and globally and assessing its potential impact on our business.

Additionally, Russia’s prior annexation of Crimea, recent recognition of two separatist republics in the Donetsk and Luhansk regions of Ukraine and subsequent military interventions in Ukraine have led to sanctions and other penalties being levied by the United States, European Union and other countries against Russia, Belarus, the Crimea Region of Ukraine, the so-called Donetsk People’s Republic, and the so-called Luhansk People’s Republic, including agreement to remove certain Russian financial institutions from the Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) payment system, expansive ban on imports and exports of products to and from Russia and ban on exportation of U.S denominated banknotes to Russia or persons located there. Additional potential sanctions and penalties have also been proposed and/or threatened. Russian military actions and the resulting sanctions could adversely affect the global economy and financial markets and lead to instability and lack of liquidity in capital markets, potentially making it more difficult for us to obtain funding. The extent and duration of the military action, sanctions and resulting market disruptions are impossible to predict, but could be substantial. Any such disruptions may also magnify the impact of other risks described in this filing.

Our revenue was $1,173,979 for the three months ended June 30, 2022, compared to $1,308,137 for the three months ended June 30, 2021, resulting in a decrease of $134,158, or 10.3%. The decrease in revenue is primarily due to a reduction in spending on government contracts due to inflation.

Direct costs of revenues were $733,614 and $884,630 for the three months ended June 30, 2022 and 2021, respectively, resulting in a decrease of $151,016, or 17.1%. This decrease was a direct result of managing employee hours and negotiating lower imported goods prices. The gross margin increased from 32.4% as of June 30, 2021 to 37.5% as of June 30, 2022. The increase in margin is primarily due to a reduction in direct labor hours due to labor shortage.

General and administrative expenses were $353,915 for the three months ended June 30, 2022, compared to $354,590 for the same period in 2021.

Marketing and selling expenses were $14,667 for the three months ended June 30, 2022, compared to $58,403 for the same period in 2021. The decrease in 2022 in marketing and selling expenses of approximately 74.9% was primarily due to utilizing new lower-cost marketing techniques.

As a result, net income was $69,867 for the three months ended June 30, 2022, compared to net loss of $29,462 for the three months ended June 30, 2021.

Our revenue was $2,356,056 for the six months ended June 30, 2022, compared to $2,455,589 for the six months ended June 30, 2021, resulting in a decrease of $99,533, or 4.1%. The decrease in revenue is primarily due to a reduction in spending on government contracts due to inflation.

Direct costs of revenues were $1,482,996 and $1,539,548 for the six months ended June 30, 2022 and 2021, respectively, resulting in a decrease of $56,552, or 3.7%. This decrease was a direct result of managing employee hours and negotiating imported goods. The gross margin decreased from 37.3% as of June 30, 2021 to 37.1% as of June 30, 2022.

General and administrative expenses were $748,244 for the six months ended June 30, 2022 compared to $762,357 for the same period in 2021.

Marketing and selling expenses were $32,981 for the six months ended June 30, 2022 compared to $122,963 for the same period in 2021. The decrease in 2022 in marketing and selling expenses was approximately 73.2% primarily due to new marketing technique.

As a result, net income was $86,297 for the six months ended June 30, 2022, compared to net loss of $10,204 for the six months ended June 30, 2021.

Liquidity and Capital Resources during the six months ended June 30, 2022 compared to the six months ended June 30, 2021

We had cash provided by operations of $453,075 for the six months ended June 30, 2022, compared to cash provided by operations of $275,356 for the six months ended June 30, 2021. The increase in positive cash flow from operating activities for the six months ended June 30, 2022, was primarily attributable to a decrease in accounts receivable. Cash used in operations for the six months ended June 30, 2021, is primarily attributable to accounts receivables, related party.

We had cash used in investing activities of $246,600 for the six months ended June 30, 2022, and $0 for the six months ended June 30, 2021. The change in cash flow from investing activities for the six months ended June 30, 2022, was attributable to a purchase of property and equipment in 2022.

We had cash used in financing activities of $162,057 for the six months ended June 30, 2022, compared to cash provided by financing activities of $69,860 for the same period in 2021. Cash used in financing activities consisted primarily of repayment on notes payable.

We will likely have to raise funds to pay for growth and acquisitions. We may have to borrow money from shareholders or issue debt or equity or enter into a strategic arrangement with a third party. There can be no assurance that additional capital will be available to us. We currently have no arrangements or understandings with any person to obtain funds through bank loans, lines of credit or any other sources.

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make a number of 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. Such estimates and assumptions affect the reported amounts of revenues and expenses during the reporting period. We base our estimates on historical experiences and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions and conditions. We continue to monitor significant estimates made during the preparation of our financial statements. On an ongoing basis, we evaluate estimates and assumptions based upon historical experience and various other factors and circumstances. We believe our estimates and assumptions are reasonable in the circumstances; however, actual results may differ from these estimates under different future conditions.

See Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and Note 1, “Summary of Significant Accounting Policies” in our audited financial statements for the year ended December 31, 2021, included in our Annual Report on Form 10-K as filed on March 15, 2022, for a discussion of our critical accounting policies and estimates.

A smaller reporting company, as defined by Item 10 of Regulation S-K, is not required to provide the information required by this item.

The Securities and Exchange Commission defines the term “disclosure controls and procedures” to mean a company’s controls and other procedures of an issuer that are designed to ensure that information required to be disclosed in the reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Securities Exchange Act of 1934 is accumulated and communicated to the issuer’s management, including its chief executive and chief financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. The Company maintains such a system of controls and procedures in an effort to ensure that all information which it is required to disclose in the reports it files under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified under the SEC’s rules and forms and that information required to be disclosed is accumulated and communicated to the chief executive and interim chief financial officer to allow timely decisions regarding disclosure.

As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures are not effective as of such date. The Chief Executive Officer and Chief Financial Officer determined that the Company continues to have the following deficiencies which represent a material weakness:

To remediate our internal control weaknesses, management intends to implement the following measures:

The additional hiring is contingent upon the Company’s efforts to obtain additional funding through equity or debt and the results of its operations. Management expects to secure funds in the coming fiscal year but provides no assurances that it will be able to do so.

There are no changes in our internal controls over financial reporting other than as described elsewhere herein.

The Company’s management, including the CEO and CFO, does not expect that our disclosure controls and procedures or our internal control over financial reporting will prevent or detect all error and all fraud. A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met. Further, the design of the control system must reflect that there are resource constraints and that the benefits must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. Controls can also be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of controls. The design of any system of controls is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Projections of any evaluation of controls effectiveness to future periods are subject to risks. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures.

There are no pending legal proceedings in which we are a party or in which any of our directors, officers or affiliates, any owner of record or beneficiary of more than 5% of any class of our voting securities is a party adverse to us or has a material interest adverse to us. Our property is not the subject of any pending legal proceedings.

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

(2) XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

i Nevada		i 45-0459323
(State of incorporation)		(I.R.S. Employer Identification No.)

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
N/A		N/A		N/A

Large Accelerated Filer	☐	Accelerated Filer	☐
i Non-Accelerated Filer	☒	Smaller Reporting Company	i ☒
		Emerging Growth Company	i ☐

TABLE OF CONTENTS		Page

PART I. FINANCIAL INFORMATION		3

ITEM 1.	CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)	4

ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	17

ITEM 3.	QUALITATIVE AND QUANTITATIVE DISCLOSURES ABOUT MARKET RISK	19

ITEM 4.	CONTROLS AND PROCEDURES	20

PART II. OTHER INFORMATION		21

ITEM 1.	LEGAL PROCEEDINGS	21

ITEM 1A.	RISK FACTORS	21

ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	21

ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	21

ITEM 4.	MINE SAFETY DISCLOSURES	21

ITEM 5.	OTHER INFORMATION	21

ITEM 6.	EXHIBITS	22

	June 30,		December 31,
	2022		2021

ASSETS
Current assets
Cash	$	i 462,831	$	i 418,413
Accounts receivable, net		i 449,630		i 711,178
Other receivable, related party		i 47,487		i 38,516
Inventory		i 300,851		i 139,111
Prepaid expenses and other current assets		i 19,250		i 38,854
Total current assets		i 1,280,049		i 1,346,072

Property and equipment, net		i 1,605,422		i 1,376,356
Goodwill		i 688,778		i 688,778

Total assets	$	i 3,574,249	$	i 3,411,206

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities
Accounts payable	$	i 258,569	$	i 20,872
Accrued expenses		i 338,771		i 350,645
Income tax payable		i 135,777		i 114,929
Current portion of notes payable -secured		i 149,736		i 225,837
Convertible notes payable, net of discounts		i 106,092		i 106,092
Derivative liabilities		i 210,149		i 218,017

Total current liabilities		i 1,199,094		i 1,036,392

Noncurrent liabilities
Notes payable - secured, net of current portion		-		i 85,956

Total noncurrent liabilities		-		i 85,956

Total liabilities		i 1,199,094		i 1,122,348

Commitments and contingencies		-

Stockholders’ equity
Preferred stock, $ i i 0.001 / par value, i i 80,000,000 / shares authorized, i i 2,000,000 / shares outstanding as of June 30, 2022 and December 31, 2021		i 2,000		i 2,000
Common stock, $ i i 0.001 / par value, i i 800,000,000 / shares authorized, i i i i 153,652,143 / / / shares issued and outstanding at June 30, 2022 and December 31, 2021		i 153,652		i 153,652
Additional paid-in capital		i 1,317,747		i 1,317,747
Retained earnings		i 901,756		i 815,459
Total stockholders’ equity		i 2,375,155		i 2,288,858

Total liabilities and stockholders’ equity	$	i 3,574,249	$	i 3,411,206

Adm Endeavors, Inc. – ‘10-Q’ for 6/30/22

On: Monday, 8/15/22, at 3:14pm ET · For: 6/30/22 · Accession #: 1493152-22-22812 · File #: 0-56047

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Quarterly Report — Form 10-Q

Filing Table of Contents

‘10-Q’ — Quarterly Report

Document Table of Contents

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Dates Referenced Herein and Documents Incorporated by Reference

2 Previous Filings that this Filing References

Index to Financial Statements		Page

Consolidated Balance Sheets as of June 30, 2022 and December 31, 2021 (unaudited)		4

Consolidated Statements of Operations for the three and six months ended June 30, 2022 and 2021 (unaudited)		5

Consolidated Statements of Shareholders’ Equity for the six months ended June 30, 2022 and 2021 (unaudited)		6

Consolidated Statements of Cash Flows for the six months ended June 30, 2022 and 2021 (unaudited)		7

Notes to the Consolidated Financial Statements (unaudited)		8

	2022			2021
Cash flows from operating activities:
Net income (loss)	$	i 86,297		$	( i 10,204	)
Adjustments to reconcile net income (loss) to net cash provided by continuing operations:
Depreciation and amortization		i 17,534			i 32,862
Stock-based compensation		-			i 65,625
Bad debt expense		i 1,340			i 481
Change in derivative liability		( i 7,868	)		i 19,455
Changes in operating assets and liabilities:
Accounts receivable		i 260,208			( i 135,867	)
Accounts receivable, related party		-			i 110,050
Other receivable, related party		( i 8,971	)		-
Inventory		( i 161,740	)		( i 20,755	)
Prepaid expenses and other assets		i 19,604			( i 46,265	)
Accounts payable		i 237,697			i 131,486
Accrued expenses		( i 11,874	)		i 128,488
Income tax payable		i 20,848			-
Net cash provided by operating activities		i 453,075			i 275,356

Cash flows used in investing activities
Purchase of property and equipment		( i 246,600	)		-
Net cash used in investing activities		( i 246,600	)		-

Cash flows used in financing activities:
Repayments on notes payable		( i 162,057	)		( i 69,860	)
Net cash used in financing activities		( i 162,057	)		( i 69,860	)

Net change in cash		i 44,418			i 205,496

Cash at beginning of period		i 418,413			i 277,364

Cash at end of period	$	i 462,831		$	i 482,860
Supplemental disclosure of cash flow information:

Cash paid for interest	$	i 5,943		$	i 8,140

Cash paid for taxes	$	-		$	-

	Level 1:	Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.

	Level 2:	Inputs other than quoted prices that are observable, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.

	Level 3:	Unobservable inputs in which little or no market data exists, therefore developed using estimates and assumptions developed by us, which reflect those that a market participant would use.

Classification		Estimated Useful Lives
Equipment		i 5 to i 7 years
Leasehold improvements		i Shorter of useful life or lease term
Furniture and fixtures		i 4 to i 7 years
Websites		i 3 years


	For the Six Months Ended
Basic earnings (loss) per common share	June 30,
Numerator:	2022		2021
Net income (loss) available to common shareholders	$	i 86,297	$	( i 10,204	)
Denominator:
Weighted average common shares outstanding		i 153,652,143		i 163,652,143

Basic earnings (loss) per common share	$	i 0.00	$	( i 0.00	)

Diluted earnings (loss) per common share
Numerator:
Net income (loss) available to common shareholders	$	i 86,297	$	( i 10,204	)
Add convertible debt interest		-		-
Net income (loss) available to common shareholders	$	i 86,297	$	( i 10,204	)
Denominator:
Weighted average common shares outstanding		i 153,652,143		i 163,652,143
Preferred shares		i 20,000,000		-
Convertible debt		i 7,165,957		-
Adjusted weighted average common shares outstanding		i 180,818,100		i 163,652,143

Diluted earnings (loss) per common share	$	i 0.00	$	( i 0.00	)

	June 30, 2022			December 31, 2021
Land	$	i 970,455		$	i 970,455
Equipment		i 368,868			i 368,868
Autos and trucks		i 72,898			i 72,898
Construction in process		i 305,298			i 58,698
Land and building – rental property		i 256,388			i 256,388
Less: accumulated depreciation		( i 368,485	)		( i 350,951	)
Property and equipment, net	$	i 1,605,422		$	i 1,376,356

Fair value at December 31, 2021	$	i 218,017
Gain on change in fair value of derivative liabilities		( i 7,868	)
Fair value at June 30, 2022	$	i 210,149

	June 30, 2022		December 31, 2021
Credit cards payable	$	i 195,398	$	i 197,234
Accrued interest		i 53,046		i 53,046
Other accrued expenses		i 90,327		i 100,365
Total accrued expenses	$	i 338,771	$	i 350,645

1.	Lack of independent directors, the Company intends to appoint additional independent directors;

2.	Lack of in-house personnel with the technical knowledge to identify and address some of the reporting issues surrounding certain complex or non-routine transactions. With material, complex and non-routine transactions, management has and will continue to seek guidance from third-party experts and/or consultants to gain a thorough understanding of these transactions;

3.	Insufficient personnel resources within the accounting function to segregate the duties over financial transaction processing and reporting;

4.	Insufficient written policies and procedures over accounting transaction processing and period end financial disclosure and reporting processes.

●	The Company will add sufficient number of independent directors to the board and appoint additional member(s) to the Audit Committee.

●	The Company will add sufficient accounting personnel to properly segregate duties and to effect a timely, accurate preparation of the financial statements.

●	The Company will hire staff technically proficient at applying U.S. GAAP to financial transactions and reporting.

●	Upon the hiring of additional accounting personnel, the Company will develop and maintain adequate written accounting policies and procedures.


2022	$	i 149,736
2023		-
2024		-
2025		-
2026		-
Total	$	i 149,736

Exhibit Number		Description

3.1		Articles of Incorporation (incorporated by reference to our Registration Statement on Form S-1, filed on October 8, 2013)
3.2		Bylaws (incorporated by reference to our Registration Statement on Form S-1, filed on October 8, 2013)
10.1		Texas Commercial Lease between M&M Real Estate Inc. and Just Right Products Inc., dated January 1, 2018 (incorporated by reference to our Annual Report on Form 10-K, filed on March 15, 2022)
31.1		Certification of Principal Executive Officer and Principal Accounting Officer of ADM Endeavors, Inc. required by Rule 13a-14(1) or Rule 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1		Certification of Principal Executive Officer and Principal Accounting Officer of ADM Endeavors, Inc. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350 Of 18 U.S.C. 63

101.INS (2)		Inline XBRL Taxonomy Extension Instance Document
101.SCH (2)		Inline XBRL Taxonomy Extension Schema Document
101.CAL (2)		Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF (2)		Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB (2)		Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE (2)		Inline XBRL Taxonomy Extension Presentation Linkbase Document
104 (2)		Cover Page Interactive Data file

	ADM ENDEAVORS, INC.

Dated: August 15, 2022		/s/ Marc Johnson
	By:	Marc Johnson
	Its:	Chief Executive Officer and Interim Chief Financial Officer

This ‘10-Q’ Filing	Date	Other Filings

	8/3/26
	3/5/23
	12/31/22
	10/16/22
Filed on:	8/15/22
For Period end:	6/30/22
	4/16/22
	3/31/22	10-Q
	3/15/22	10-K
	3/9/22
	3/5/22
	2/24/22
	12/31/21	10-K
	10/16/21
	8/3/21
	6/30/21	10-Q
	3/31/21	10-Q
	12/31/20	10-K
	10/16/20
	6/1/20
	1/1/20
	12/31/18	10-K, NT 10-K
	4/19/18	3, 8-K, 8-K/A
	4/1/18
	2/19/14
	1/17/10
	7/1/08
	5/9/06
	1/4/01
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