v3.19.2

Consolidated Balance Sheets (unaudited) - USD ($)	Jul. 31, 2019	Oct. 31, 2018
Current assets
Cash	$ 17,080	$ 11,643
Accounts receivable	40,424	33,705
Accounts receivable - related parties	78,960	51,538
Inventory	14,790	9,209
Prepaid expense	18,153
Total current assets	169,407	106,095
Total assets	169,407	106,095
Current liabilities
Accounts payable and accrued liabilities	36,596	35,904
Accounts payable related party	3,375	19,000
Bank line of credit	28,709	32,520
Related party note payable - current portion	12,229	1,853
Promissory note payable - current portion	6,275	17,217
Total current liabilities	87,184	106,494
Long term liabilities
Deferred revenue	4,125
Related party note payable	6,260	2,642
Promissory note payable, net of discount	43,395	32,941
Total long term liabilities	53,780	35,583
Total Liabilities	140,964	142,077
Stockholders' equity (deficit)
Preferred stock, $0.001 par value; 20,000,000 shares authorized; none issued and outstanding as of July 31, 2019 and October 31, 2018 respectively
Common stock, $0.001 par value; 80,000,000 shares authorized; 31,845,000 shares issued and outstanding as of July 31, 2019 and October 31, 2018, respectively	31,845	31,845
Additional paid-in capital	371,705	371,705
Accumulated deficit	(375,107)	(439,532)
Total stockholders' equity (deficit)	28,443	(35,982)
Total liabilities and stockholders' equity (deficit)	$ 169,407	$ 106,095

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

BARE METAL STANDARD INC. 10-Q