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Cannonau Corp. – ‘10-Q’ for 6/30/22 – ‘R10’

On:  Thursday, 8/11/22, at 9:40am ET   ·   For:  6/30/22   ·   Accession #:  1017386-22-338   ·   File #:  333-145876

Previous ‘10-Q’:  ‘10-Q/A’ on 7/19/22 for 3/31/22   ·   Next:  ‘10-Q’ on 11/14/22 for 9/30/22   ·   Latest:  ‘10-Q’ on 11/13/23 for 9/30/23

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/11/22  Cannonau Corp.                    10-Q        6/30/22   37:1.5M                                   Completion Corp./FA

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    300K 
 2: EX-31.1     Certification Pursuant to Rule 13A-14(A) of the     HTML     14K 
                Securities                                                       
 3: EX-31.2     Certification Pursuant to Rule 13A-14(A) of the     HTML     14K 
                Securities                                                       
 4: EX-32.1     Certification Pursuant to 18 U.S.C. Section 1350    HTML     12K 
 5: EX-32.2     Certification Pursuant to 18 U.S.C. Section 1350    HTML     12K 
11: R1          Cover                                               HTML     59K 
12: R2          Balance Sheets                                      HTML     76K 
13: R3          Balance Sheets (Parenthetical)                      HTML     25K 
14: R4          Statement of Operations                             HTML     73K 
15: R5          Statement of Cash Flows                             HTML     71K 
16: R6          Statement of Stockholders Equity                    HTML     32K 
17: R7          1. Nature of Operations and Continuance of          HTML     18K 
                Business                                                         
18: R8          2. Summary of Significant Accounting Policies       HTML     40K 
19: R9          3. Share Capital                                    HTML     29K 
20: R10         4. Income Taxes                                     HTML     26K 
21: R11         5. Related Party Transaction                        HTML     17K 
22: R12         6. Commitments and Contingencies                    HTML     17K 
23: R13         7. Subsequent Events                                HTML     16K 
24: R14         1. Nature of Operations and Continuance of          HTML     16K 
                Business (Policies)                                              
25: R15         2. Summary of Significant Accounting Policies       HTML     71K 
                (Policies)                                                       
26: R16         4. Income Taxes (Tables)                            HTML     22K 
27: R17         1. Nature of Operations and Continuance of          HTML     21K 
                Business (Details Narrative)                                     
28: R18         3. Share Capital (Details Narrative)                HTML     52K 
29: R19         Deferred Income Taxes (Details)                     HTML     22K 
30: R20         4. Income Taxes (Details Narrative)                 HTML     14K 
31: R21         5. Related Party Transaction (Details Narrative)    HTML     19K 
32: R22         7. Subsequent Events (Details Narrative)            HTML     16K 
35: XML         IDEA XML File -- Filing Summary                      XML     55K 
33: XML         XBRL Instance -- cnnc2022jun30_10q_htm               XML    264K 
34: EXCEL       IDEA Workbook of Financial Reports                  XLSX     47K 
 7: EX-101.CAL  XBRL Calculations -- cnnc-20220630_cal               XML     66K 
 8: EX-101.DEF  XBRL Definitions -- cnnc-20220630_def                XML     44K 
 9: EX-101.LAB  XBRL Labels -- cnnc-20220630_lab                     XML    316K 
10: EX-101.PRE  XBRL Presentations -- cnnc-20220630_pre              XML    230K 
 6: EX-101.SCH  XBRL Schema -- cnnc-20220630                         XSD     43K 
36: JSON        XBRL Instance as JSON Data -- MetaLinks              140±   188K 
37: ZIP         XBRL Zipped Folder -- 0001017386-22-000338-xbrl      Zip     81K

‘R10’   —   4. Income Taxes

This is an IDEA Financial Report.  [ Alternative Formats ]

 
v3.22.2
4. Income Taxes
 6 Months Ended
Income Tax Disclosure [Abstract]  
4. Income Taxes

4. Income Taxes

The Company has a net operating loss carried forward of approximately $3,749,291 available to offset taxable income in future years which commence expiring in fiscal 2027.  The Company is subject to United States federal and state income taxes at an approximate rate of 21%.  

 

There was no income tax expense for the period ended June 30, 2022 and December 31, 2021. The reconciliation and the tax effects of temporary differences that give rise to significant portions of the net deferred tax assets at the U.S. statutory rate of 21% at June 30, 2022 and December 31, 2021 are as follows:

 

   June 30, 2022  December 31, 2021
       
Deferred tax assets          
Net operating losses   (3,749,291)  $(3,702,218)
           
Deferred tax liability          
Net deferred tax assets   787,351    777,466 
Less valuation allowance   (787,351)   (777,466)
Deferred tax asset - net valuation allowance   —     $—   

  

 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/11/22
For Period end:6/30/22
12/31/2110-K,  10-K/A,  NT 10-K
 List all Filings 
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Filing Submission 0001017386-22-000338   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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