10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the quarterly period ended September 30, 2022

Or

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from __________ to __________

Commission File Number:   333-222880

TIPMEFAST, INC.

(Exact name of registrant as specified in its charter)

Nevada	7373	83-4057513
(State or other jurisdiction of incorporation or organization)	(Primary standard industrial classification code number)	(IRS employer identification number)

Raid Chalil

HaShnura St 1

ZihronYa’akow, Israel 30950

972-373-70057

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

Byron Thomas, Esq.

3275 S. Jones, Blvd.. Ste 104

Las Vegas Nevada 89146

702 747-3103

(Name, address, including zip code, and telephone number, including area code, of agent for service)

Copies to:

Byron Thomas, Esq.

3275 S. Jones, Blvd.. Ste 104

Las Vegas Nevada 89146

702 747-3103

Securities registered pursuant to Section 12(b) of the Act: None

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

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. Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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 and post such files). Yes [ ] No [ X]

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

Large accelerated filer	[ ]	Accelerated filer	[ ]
Non-accelerated filer	[ ]	Smaller reporting company	☒
		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 [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of November 07, 2022 is 5,600,000 shares.

1

TIPMEFAST, INC.

	PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements	3
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	14
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	16
Item 4.	Controls and Procedures	16
	PART II – OTHER INFORMATION
Item 1.	Legal Proceedings	17
Item 1A.	Risk Factors	17
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	17
Item 3.	Defaults Upon Senior Securities	17
Item 4.	Mine Safety Disclosures	17
Item 5.	Other Information	17
Item 6.	Exhibits	18
Signature		19

2

TIPMEFAST, INC.

PART I — FINANCIAL INFORMATION

Item 1.  Financial Statements
INDEX TO UNAUDITED FINANCIAL STATEMENTS	PAGE
Balance Sheet at September 30, 2022 (Unaudited) and December 31, 2021	4
Statement of Operations for the three and nine months period ended September 30, 2022 and 2021 (Restated) (Unaudited)	5
Statement of Statement of Stockholders’ Equity for the three and nine months ended September 30, 2022 and 2021 (Restated) (Unaudited)	6
Statement of Cash Flows for the nine months period ended September 30, 2022 and 2021 (Restated) (Unaudited)	7
Notes to Financial Statements (Unaudited)	8

3

TIPMEFAST, INC.
Balance Sheet
		September 30, 2022		December 31, 2021
ASSETS
Current assets
Cash held in trust	$	-	$	8,080
Total current assets		-		8,080
Total assets	$	-	$	8,080
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable	$	6,620	$	9,800
Due to related party		6,800		1,000
Accrued expenses		2,000		-
Total current liabilities		15,420		10,800
Total liabilities	$	15,420	$	10,800
STOCKHOLDERS’ EQUITY:
Common stock: $0.001 par value, 75,000,000 shares authorized, 5,600,000 and 5,600,000 shares issued and outstanding  as of September 30, 2022 and December 31, 2021, respectively.		5,600		5,600
Additional paid-in capital		80,415		80,415
Accumulated deficit		(101,435)		(88,735)
Total stockholders’ equity		(15,420)		(2,720)
Total liabilities and stockholders' equity	$	-	$	8,080
The accompanying notes are an integral part of these financial statements.

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TIPMEFAST, INC.
Statement of Operations (Unaudited)
		For the three months ended September 30, 2022		For the three months ended September 30, 2021		For the nine months ended September 30, 2022		For the nine months ended September 30, 2021
				(Restated)				(Restated)
REVENUE:	$	-	$	-	$	-	$	-
EXPENSES:
General and administrative		2,000		1,500		6,000		4,500
Professional fees		3,050		300		6,700		13,050
Total expenses	$	5,050	$	1,800	$	12,700	$	17,550
OTHER INCOME (EXPENSE):
Interest income		-		-		-		-
Total other income (expense)		-		-		-		-
Net loss	$	(5,050)	$	(1,800)	$	(12,700)	$	(17,550)
Net loss per common share - basic	$	(0.00)	$	(0.00)	$	(0.00)	$	(0.00)
Weighted average of common shares outstanding - basic		5,600,000		5,600,000		5,600,000		5,600,000
The accompanying notes are an integral part of these financial statements.

5

TIPMEFAST, INC.
Statement of Stockholders’ Equity
For the three and nine months ended September 30, 2021 (Unaudited) (Restated)
	Common Stock
	Shares		Amount		Additional Paid-in Capital		Accumulated Deficit		Total Stockholders’Equity
Balance at December 31, 2020	5,600,000	$	5,600	$	80,415	$	(67,635)	$	18,380
Net loss (Restated)	-		-		-		(7,200)		(7,200)
Balance at March 31, 2021 (Restated)	5,600,000	$	5,600	$	80,415	$	(74,835)	$	11,180
Balance at April 1, 2021	5,600,000	$	5,600	$	80,415	$	(74,835)	$	11,180
Net loss (Restated)	-		-		-		(8,550)		(8,550)
Balance at June 30, 2021 (Restated)	5,600,000	$	5,600	$	80,415	$	(83,385)	$	2,630
Balance at July 1, 2021	5,600,000	$	5,600	$	80,415	$	(83,385)	$	2,630
Net loss (Restated)	-		-		-		(1,800)		(1,800)
Balance at September 30, 2021 (Restated)	5,600,000	$	5,600	$	80,415	$	(78,435)	$	7,580
For the three and nine months ended September 30, 2022
Balance at December 31, 2021	5,600,000	$	5,600	$	80,415	$	(88,735)	$	(2,720)
Net loss	-		-		-		(2,300)		(2,300)
Balance at March 31, 2022	5,600,000	$	5,600	$	80,415	$	(91,035)	$	(5,020)
Balance at April 1, 2022	5,600,000	$	5,600	$	80,415	$	(91,035)	$	(5,020)
Net loss	-		-		-		(5,350)		(5,350)
Balance at June 30, 2022	5,600,000	$	5,600	$	80,415	$	(96,385)	$	(10,370)
Balance at July 1, 2022	5,600,000	$	5,600	$	80,415	$	(96,385)	$	(10,370)
Net loss	-		-		-		(5,050)		(5,050)
Balance at September 30, 2022	5,600,000	$	5,600	$	80,415	$	(101,435)	$	(15,420)
The accompanying notes are an integral part of these financial statements.

6

TIPMEFAST, INC.
Statement of Cash Flows (Unaudited)
		For the nine months ended September 30, 2022		For the nine months ended September 30, 2021
				(Restated)
Cash Flows from Operating Activities:
Net loss	$	(12,700)	$	(17,550)
Adjustments to reconcile net loss to net cash used in operating activities:
Increase (decrease) in accounts payable		(3,180)		5,400
Increase (decrease) in accrued expenses		2,000		-
Net cash used in operating activities	$	(13,880)	$	(12,150)
Cash Flows from Financing Activities:
Proceeds from related party		5,800		1,000
Net cash provided by financing activities	$	5,800	$	1,000
Net increase in cash, cash equivalents, and restricted cash		(8,080)		(11,150)
Cash, cash equivalents, and restricted cash at beginning of year		8,080		20,980
Cash, cash equivalents, and restricted cash at end of year	$	-	$	9,830
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	$	-	$	-
Cash paid for income taxes	$	-	$	-
The accompanying notes are an integral part of these financial statements.

7

TIPMEFAST, INC.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

SEPTEMBER 30, 2022

NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

TipMeFast, Inc. (“the Company”, “we”, “us” or “our”) was incorporated on December 5, 2017 in the State of Nevada. The Company was created to be the simplest way to get paid or pay anyone from a mobile device. With this application you can pay a bartender, barista, server, musician, valet attendant, concierge, traveling pet groomer, nail technician or pool service but have no cash. The Company is a solution to pay and to get paid without exchanging personal information. 

Our executive offices are located at HaShmura St. 1, ZihronYa’akov, Israel.

NOTE 2 – GOING CONCERN

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. As a development-stage company, the Company had no revenues and incurred losses as of September 30, 2022. The Company currently has limited working capital, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time.

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The results for the nine months ended September 30, 2022 are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report for the year ended December 31, 2021, filed with the Securities and Exchange Commission.

The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at September 30, 2022 and for the related periods presented.

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the nine months ended September 30, 2022.

Cash and Cash Equivalents

The Company considers all highly liquid investments with the original maturities of six months or less to be cash equivalents. The Company had $0 of cash as at September 30, 2022.

8

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

Revenue Recognition

We recognize revenue in accordance with ASC 606, Revenue from Contracts with Customers. The standard’s stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Fair Value of Financial Instruments

AS topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1: defined as observable inputs such as quoted prices in active markets;

Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash approximates its fair value due to its short-term maturity.

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is antidilutive. There were no potentially dilutive debt or equity instruments issued or outstanding as of September 30, 2022.

9

Comprehensive Income

Comprehensive income is defined as all changes in stockholders’ deficit, exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. As of September 30, 2022, there were no differences between our comprehensive loss and net loss.

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

NOTE 4 – STOCKHOLDERS’ EQUITY 

The Company has 75,000,000, $0.001 par value shares of common stock authorized.

On December 5, 2017, the company issued a total of 3,000,000 common shares to its founder for a cash contribution of $21,000.

During the quarter ended December 31, 2018, the company issued a total of 1,170,000 common shares to various investors for cash proceeds of $29,250.

During the quarter ended March 31, 2019, the company issued a total of 1,430,000 common shares to various investors for cash proceeds of $35,750. During this shares issue, $35 was received in excess from an investor which has showed in subscription received in balance sheet. It was repaid to the investor subsequently.

There were 5,600,000 and 5,600,000 shares of common stock issued and outstanding as of September 30, 2022 and December 31, 2021 respectively. 

10

NOTE 5 – RESTATEMENT

The following are previously recorded and restated balances as of September 30, 2021.

TIPMEFAST, INC.
Restated Statement of Operations
(Unaudited)
		For the nine months ended September 30, 2021		For the nine months ended September 30, 2021		For the nine months ended September 30, 2021
		(As Previously Reported)		(Restatement Adjustments)		(As Restated)
REVENUE:	$	-	$	-	$	-
EXPENSES:
General and administrative		4,500		-		4,500
Professional fees		11,150		1,900		13,050
Total expenses		15,650		1,900		17,550
OTHER INCOME (EXPENSE):
Interest Income		-		-		-
Total other income (expense)		-		-		-
Net loss	$	(15,650)	$	(1,900)	$	(17,550)
Net loss per common share - basic	$	(0.00)	$	(0.00)	$	(0.00)
Weighted average of common shares outstanding - basic		5,600,000		5,600,000		5,600,000
The accompanying notes are an integral part of these financial statements.

11

TIPMEFAST, INC.
Restated Statement of Cash Flows
(Unaudited)
		For the nine months ended September 30, 2021		For the nine months ended September 30, 2021		For the nine months ended September 30, 2021
		(As Previously Reported)		(Restatement Adjustments)		(As Restated)
Cash Flows from Operating Activities:
Net loss	$	(15,650)	$	(1,900)	$	(17,550)
Adjustments to reconcile net loss to net cash used in operating activities:
Increase (decrease) in accounts payable		4,500		900		5,400
Increase (decrease) in accrued expenses		-		-		-
Net cash used in operating activities	$	(11,150)	$	(1,000)	$	(12,150)
Cash Flows from Financing Activities:
Proceeds from related party		-		1,000		1,000
Net cash provided by financing activities	$	-	$	1,000	$	1,000
Net increase in cash, cash equivalents, and restricted cash		(11,150)		-		(11,150)
Cash, cash equivalents, and restricted cash at beginning of year		20,980		-		20,980
Cash, cash equivalents, and restricted cash at end of year	$	9,830	$	-	$	9,830
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	$	-	$	-	$	-
Cash paid for income taxes	$	-	$	-	$	-
The accompanying notes are an integral part of these financial statements.

12

NOTE 6 – RELATED PARTY TRANSACTIONS

On May 06, 2022, Company received $300 from Raid Chalil, President and Director of the company as a loan. These loans were unsecured, noninterest bearing and due on demand.

On May 25, 2022, Company received $2,750 from Raid Chalil, President and Director of the company as a loan. These loans were unsecured, noninterest bearing and due on demand.

During three months ended, September 30, 2022, Company received $2,750 from Raid Chalil, President and Director of the company as a loan. These loans were unsecured, noninterest bearing and due on demand.

As at September 30,2022 and December 31, 2021, the Company owed $6,800 and $1,000, respectively to Raid Chalil, President and Director of the Company, which is unsecured, non-interest bearing and due on demand.

NOTE 6 – SUBSEQUENT EVENTS

The Company evaluated all events or transactions that occurred after September 30, 2022 through November 04, 2022. The Company determined that it does not have any subsequent event requiring recording or disclosure in the financial statements for the period ended September 30, 2022.

13

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The following discussion of our financial condition and results of operations should be read in conjunction with (i) our audited financial statement as of September 30, 2022, that appear elsewhere in this registration statement. This registration statement contains certain forward-looking statements and our future operating results could differ materially from those discussed herein. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We disclaim any obligation to update any such factors or to announce publicly the results of any revisions of the forward -looking statements contained herein to reflect future events or developments.

Going Concern

The future of our company is dependent upon its ability to obtain financing and upon future profitable operations from the sale of products and services through our websites. Management has plans to seek additional capital through a private placement and public offering of its common stock, if necessary. Our auditors have expressed a going concern opinion which raises substantial doubts about the Issuers ability to continue as a going concern.

Plan of Operation

Liquidity and Capital Resources

As of September 30, 2022, the company has $0 in total assets. These assets are in the form of cash held in trust $0. As of September 30, 2022 the company has $15,420 in liabilities and an accumulated deficit of $101,435. As of December 31, 2021, the company has $8,080 in total assets in the form of cash held in trust $8,080. As of December 31, 2021, the company has $10,800 in liabilities and an accumulated deficit of $88,735.

Net cash used in operating activities for the nine months period ended September 30, 2022 and 2021 was $13,880 and $12,150 respectively. Cash flows from financing activities for the nine months period ended September 30, 2022 and 2021 was $5,800 and $1,000 respectively. 

We have no material commitments for the next twelve months. We will however require additional capital to meet our liquidity needs. Currently, the Company has determined that its anticipated monthly cash flow needs should not exceed of $6,000 per month for the first 6 months of 2021. Expenses are expected to increase marginally in the second half of 2022.

It is anticipated that the app can be completed and operational in approximately 6 months and a full marketing campaign in place within 3 months after that. In the even that the full proceeds of the offering are not raised, the timing of the rollout will be slowed as discussed above in Business.

The Company’s projected capital needs and its projected increase in expenses are based upon the Company’s projected roll-out of generating sites over the coming twelve months, however, in the event that the full offering proceeds are not raised, the Company would roll-out new of generating sites at a slower pace and/or focus its energies on the refinement of existing sites to maximum their productivity. The Company’s success does not depend on a scheduled roll-out and therefore it has flexibility to scale back its expenses to meet actual income.

It is anticipated that the company will receive increasing revenues from operations in the coming year, however, since the Company has not earned any revenues to date, it is difficult to anticipate what those revenues might be, if any, and therefore, management has assumed for planning purposes only that it may need to sell common stock, take loans or advances from officers, directors or shareholders or enter into debt financing agreements in order to meet our cash needs over the coming twelve months. The Issuer has no agreements or understandings for any of the above-listed financing options.

The Company has no intention in investing in short-term or long-term discretionary financial programs of any kind.

14

Results of Operations

Overview for the three months ended September 30, 2022 and 2021

Lack of Revenues

We have limited operational history. For the three months ended September 30, 2022 and 2021 we did not generate any revenues. We anticipate that we will incur substantial losses for the foreseeable future and our ability to generate any revenues in the next 12 months continues to be uncertain.

Operating Expenses

The Company’s operating expenses for the three months ended September 30, 2022 and 2021 were $5,050 and $1,800 respectively. Operating expenses consisted of professional fees $3,350 and general and administrative expenses $2,000 for the three months ended September 30, 2022. Operating expenses consisted of professional fees $1,500 and general and administrative expenses $300 for the three months ended September 30, 2021.

Net Loss

During the three months ended September 30, 2022 and 2021 the Company incurred a net loss of $5,050 and $1,800 respectively.

Overview for the nine months ended September 30, 2022 and 2021

Lack of Revenues

We have limited operational history. For the nine months ended September 30, 2022 and 2021 we did not generate any revenues. We anticipate that we will incur substantial losses for the foreseeable future and our ability to generate any revenues in the next 12 months continues to be uncertain.

Operating Expenses

The Company’s operating expenses for the nine months ended September 30, 2022 and 2021 were $12,700 and $17,550 respectively. Operating expenses consisted of professional fees $6,700 and general and administrative expenses $6,000 for the nine months ended September 30, 2022. Operating expenses consisted of professional fees $13,050 and general and administrative expenses $4,500 for the nine months ended September 30, 2021.

Net Loss

During the nine months ended September 30, 2022 and 2021 the Company incurred a net loss of $12,700 and $17,550 respectively.

The company recorded a net loss of $101,435 for the period from inception on December 5, 2017 to September 30, 2022.

Our independent registered public accounting firm has expressed a going concern opinion which raises substantial doubts about our ability to continue as a going concern, due to the limited nature of the Company’s operations to date, the Company does not believe that past performance is any indication of future performance. The impact on the Company’s revenue’s of recognized trends and uncertainties in our market will not be recognized until such time as the Company has had sufficient operations to provide a baseline.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have, or are reasonably likely to have, a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Critical Accounting Policies

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. In general, management’s estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

Equipment, Furniture and Leasehold Improvements. Equipment, furniture and leasehold improvements are recorded at cost and depreciated on a straight-line basis over the lesser of their estimated useful lives, ranging from three to seven years, or the life of the lease, as appropriate.

15

Impairment of Long-Lived Assets. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held

and used is measured by a comparison of the carrying amount of the assets to the future net cash flows expected to be generated by such assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the discounted expected future net cash flows from the assets.

Revenue Recognition. The Company recognizes revenue when all four of the following criteria are met: (i) persuasive evidence that an arrangement exists; (ii) delivery of the products and/or services has occurred; (iii) the fees earned can be readily determined; and (iv) collectability of the fees is reasonably assured.

Loss Per Common Share. Basic net loss per share is calculated by dividing the net loss by the weighted-average number of common shares outstanding for the period, without consideration for common stock equivalents. As of September 30, 2022 there were no share equivalents outstanding.

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

Not Applicable to Smaller Reporting Companies.

Item 4. Controls and Procedures.

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

As required by Rule 13a-15/15d-15 under the Securities and Exchange Act of 1934,as amended (the "Exchange Act"), as of September 30, 2022, we have carried out an evaluation of the effectiveness of the design and operation of our Company's disclosure controls and procedures. This evaluation was carried out under the supervision and with the participation of our Company's management, our President (Principal Executive Officer) and Treasurer (Principal Accounting Officer). Based upon the results of that evaluation, our management has concluded that, as of a September 30, 2022, our Company's disclosure controls and procedures were not effective and do not provide reasonable assurance that material information related to our Company required to be disclosed in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to management to allow timely decisions on required disclosure.

MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

Management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Our internal control system is designed to provide reasonable assurance to our management and board of directors regarding the reliability of financial reporting and the preparation of financial statements for external reporting purposes in accordance with generally accepted accounting principles. Our internal control over financial reporting includes those policies and procedures that:

· Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company;

· Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles in the United States of America, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and

· Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company's assets that could have a material effect on the financial statements.

Management assessed the effectiveness of our internal control over financial reporting as of September 30, 2022. In making this assessment, we used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in INTERNAL CONTROL -- INTEGRATED FRAMEWORK.

16

Our management concluded that, as of September 30, 2022, our internal control over financial reporting was effective based on the criteria in INTERNAL CONTROL -- INTEGRATED FRAMEWORK issued by the COSO.

This quarterly report does not include an attestation report of the Company's independent registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by the Company's independent registered public accounting firm pursuant to rules of the SEC that permit the Company to provide only management's report in this annual report.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING

There were no changes in our internal control over financial reporting identified in connection with the evaluation described above during the third quarter ended September 30, 2022 that has materially affected or is reasonably likely to materially affect our internal controls over financial reporting.

PART II.  OTHER INFORMATION

Item 1.  Legal Proceedings.

There are no legal actions pending against us nor any legal actions contemplated by us at this time.

Item 1A. Risk Factors

As a smaller reporting company (as defined in Rule 12b-2 of the Exchange Act), we are not required to provide the information called for by this Item 1A.

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds.

None

Item 3. Defaults Upon Senior Securities.

None

Item 4. Mine Safety Disclosures.

Not Applicable

Item 5. Other Information.

None

Item 6. Exhibits

Exhibit 31.1	-	Certification of Chief Executive Officer of TipMeFast, 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.
Exhibit 31.2	-	Certification of Chief Financial Officer of TipMeFast, 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.
Exhibit 32.1	-	Certification of Chief Executive Officer of TipMeFast, Inc. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350 of 18 U.S.C. 63.
Exhibit 32.2	-	Certification of Chief Financial Officer of TipMeFast, Inc. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350 of 18 U.S.C. 63.

17

Signatures

Pursuant to the requirements of Section 13 or 15(d) 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.

	TipMeFast, Inc..
Date : November 07, 2022	By: /s/ Raid Chalil
	Raid Chalil, President, Secretary, Treasurer, CEO, Principal Executive Officer, Chief Financial Officer, Director

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Signature	Title	Date
/s/ Raid Chalil	Chief Executive Officer Chief Financial Officer	xxx

18

EX-31.1

Exhibit 31.1

TipMeFast, Inc.

Certification Pursuant to Rule 13a-14(a)

Section 302 Certification

I, Raid Chalil, the Chief Executive Officer of TipMeFast, Inc., certify that:

1.     I have reviewed the quarterly report on Form 10-Q of TipMeFast, Inc., for the nine months ended September 30, 2022;

2.     Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.     Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, the results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;

4.     The issuer's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the for the issuer and have:

(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) evaluated the effectiveness of the issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(c) disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the issuer's most recent fiscal quarter (the issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the issuer's internal control over financial reporting; and

5.     The issuer's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):

(a) all significant deficiencies in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the issuer's ability to record, process, summarize and report financial information; and

(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the issuer's internal control over financial reporting.

Date: November 7, 2022

TipMeFast, Inc

By:    /s/ Raid Chalil       

Raid Chalil,

Chief Executive Officer

EX-31.2

Exhibit 31.2

TipMeFast, Inc.

Certification Pursuant to Rule 13a-14(a)

Section 302 Certification

I, Raid Chalil, the Chief Financial Officer of TipMeFast, Inc., certify that:

1.     I have reviewed the quarterly report on Form 10-Q of TipMeFast, Inc., for the nine months ended September 30, 2022;

2.     Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.     Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, the results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;

4.     The issuer's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the for the issuer and have:

(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) evaluated the effectiveness of the issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(c) disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the issuer's most recent fiscal quarter (the issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the issuer's internal control over financial reporting; and

5.     The issuer's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):

(a) all significant deficiencies in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the issuer's ability to record, process, summarize and report financial information; and

(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the issuer's internal control over financial reporting.

Date: November 7, 2022

TipMeFast, Inc.

By:    /s/ Raid Chalil       

Raid Chalil,

Chief Financial Officer

EX-32.1

Exhibit 32.1

TipMeFast, Inc.

Certification Pursuant to 18 U.S.C. § 1350

Section 906 Certifications

Pursuant to 18 U.S.C. § 1350, as enacted by Section 906 of the Sarbanes-Oxley Act of 2002 (Public Law 107-204), the undersigned, Raid Chalil, the Chief Executive Officer of TipMeFast, Inc., (the "Company"), hereby certify that:

1.     The Company's Quarterly Report on Form 10-Q for the nine months ended September 30, 2022, as filed with the U.S. Securities and Exchange Commission on the date hereof (the "Report"), fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.     The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

This Certification is signed on November 7, 2022.

TipMeFast, Inc.

By:    /s/ Raid Chalil       

Raid Chalil,

Chief Executive Officer

A signed original of this written statement required by Section 906 has been provided to TipMeFast, Inc. and will be retained by TipMeFast, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

Exhibit 32.2

TipMeFast, Inc.

Certification Pursuant to 18 U.S.C. § 1350

Section 906 Certifications

Pursuant to 18 U.S.C. § 1350, as enacted by Section 906 of the Sarbanes-Oxley Act of 2002 (Public Law 107-204), the undersigned, Raid Chalil, the Chief Financial Officer of TipMeFast, Inc., (the "Company"), hereby certify that:

1.     The Company's Quarterly Report on Form 10-Q for the nine months ended September 30, 2022, as filed with the U.S. Securities and Exchange Commission on the date hereof (the "Report"), fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.     The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

This Certification is signed on November 7, 2022.

TipMeFast, Inc.

By:    /s/ Raid Chalil       

Raid Chalil,

Chief Financial Officer

A signed original of this written statement required by Section 906 has been provided to TipMeFast, Inc. and will be retained by TipMeFast, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 07, 2022
Details
Registrant CIK	0001726079
Fiscal Year End	--12-31
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	333-222880
Entity Registrant Name	TIPMEFAST, INC
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	83-4057513
Entity Address, Address Line One	Raid Chalil
Entity Address, Address Line Two	HaShnura St 1
Entity Address, City or Town	ZihronYa’akow
Entity Address, Country	IL
Entity Address, Postal Zip Code	30950
City Area Code	972
Local Phone Number	373-70057
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Entity Common Stock, Shares Outstanding		5,600,000
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3

XML

Balance Sheet - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash held in trust	$ 0	$ 8,080
Total current assets	0	8,080
Total assets	0	8,080
Current liabilities
Accounts payable	6,620	9,800
Due to related party	6,800	1,000
Accrued expenses	2,000	0
Total current liabilities	15,420	10,800
Total liabilities	15,420	10,800
STOCKHOLDERS' EQUITY
Common stock: $0.001 par value, 75,000,000 shares authorized, 5,600,000 and 5,600,000 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively	5,600	5,600
Additional paid-in capital	80,415	80,415
Accumulated deficit	(101,435)	(88,735)
Total stockholders' equity	(15,420)	(2,720)
Total liabilities and stockholders' equity	$ 0	$ 8,080

XML

Balance Sheet - Parenthetical - $ / shares	Sep. 30, 2022	Dec. 31, 2021
Details
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Shares, Issued	5,600,000	5,600,000
Common Stock, Shares, Outstanding	5,600,000	5,600,000

XML

Statement of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Details
REVENUE	$ 0	$ 0	$ 0	$ 0
EXPENSES
General and administrative	2,000	1,500	6,000	4,500
Professional fees	3,050	300	6,700	13,050
Total expenses	5,050	1,800	12,700	17,550
OTHER INCOME (EXPENSE)
Interest income	0	0	0	0
Total other income (expense)	0	0	0	0
Net loss	$ (5,050)	$ (1,800)	$ (12,700)	$ (17,550)
Net loss per common share - basic	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Weighted average of common shares outstanding - basic	5,600,000	5,600,000	5,600,000	5,600,000

XML

Statement of Stockholders' Equity - USD ($)	Common Stock	Additional Paid-in Capital	Retained Earnings	Total
Equity Balance at Dec. 31, 2020	$ 5,600	$ 80,415	$ (67,635)	$ 18,380
Equity Balance, shares at Dec. 31, 2020	5,600,000
Net loss	$ 0	0	(7,200)	(7,200)
Equity Balance, shares at Mar. 31, 2021	5,600,000
Equity Balance at Mar. 31, 2021	$ 5,600	80,415	(74,835)	11,180
Equity Balance at Dec. 31, 2020	$ 5,600	80,415	(67,635)	18,380
Equity Balance, shares at Dec. 31, 2020	5,600,000
Net loss				(17,550)
Equity Balance, shares at Sep. 30, 2021	5,600,000
Equity Balance at Sep. 30, 2021	$ 5,600	80,415	(78,435)	7,580
Equity Balance at Mar. 31, 2021	$ 5,600	80,415	(74,835)	11,180
Equity Balance, shares at Mar. 31, 2021	5,600,000
Net loss	$ 0	0	(8,550)	(8,550)
Equity Balance, shares at Jun. 30, 2021	5,600,000
Equity Balance at Jun. 30, 2021	$ 5,600	80,415	(83,385)	2,630
Net loss	$ 0	0	(1,800)	(1,800)
Equity Balance, shares at Sep. 30, 2021	5,600,000
Equity Balance at Sep. 30, 2021	$ 5,600	80,415	(78,435)	7,580
Equity Balance at Dec. 31, 2021	$ 5,600	80,415	(88,735)	(2,720)
Equity Balance, shares at Dec. 31, 2021	5,600,000
Net loss	$ 0	0	(2,300)	(2,300)
Equity Balance, shares at Mar. 31, 2022	5,600,000
Equity Balance at Mar. 31, 2022	$ 5,600	80,415	(91,035)	(5,020)
Equity Balance at Dec. 31, 2021	$ 5,600	80,415	(88,735)	(2,720)
Equity Balance, shares at Dec. 31, 2021	5,600,000
Net loss				(12,700)
Equity Balance, shares at Sep. 30, 2022	5,600,000
Equity Balance at Sep. 30, 2022	$ 5,600	80,415	(101,435)	(15,420)
Equity Balance at Mar. 31, 2022	$ 5,600	80,415	(91,035)	(5,020)
Equity Balance, shares at Mar. 31, 2022	5,600,000
Net loss	$ 0	0	(5,350)	(5,350)
Equity Balance, shares at Jun. 30, 2022	5,600,000
Equity Balance at Jun. 30, 2022	$ 5,600	80,415	(96,385)	(10,370)
Net loss	$ 0	0	(5,050)	(5,050)
Equity Balance, shares at Sep. 30, 2022	5,600,000
Equity Balance at Sep. 30, 2022	$ 5,600	$ 80,415	$ (101,435)	$ (15,420)

XML

Statement of Cash Flows - USD ($)	3 Months Ended				9 Months Ended
	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Cash Flows from Operating Activities
Net loss	$ (5,050)	$ (2,300)	$ (1,800)	$ (7,200)	$ (12,700)	$ (17,550)
Adjustments to reconcile net loss to net cash used in operating activities
Increase (decrease) in accounts payable					(3,180)	5,400
Increase (decrease) in accrued expenses					2,000	0
Net cash used in operating activities					(13,880)	(12,150)
Cash Flows from Financing Activities
Proceeds from related party					5,800	1,000
Net cash provided by financing activities					5,800	1,000
Net increase in cash, cash equivalents, and restricted cash					(8,080)	(11,150)
Cash, cash equivalents, and restricted cash at beginning of year		$ 8,080		$ 20,980	8,080	20,980
Cash, cash equivalents, and restricted cash at end of year	$ 0		$ 9,830		0	9,830
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for interest					0	0
Cash paid for income taxes					$ 0	$ 0

XML

Organization And Nature Of Business

9 Months Ended

Sep. 30, 2022

Notes

Organization And Nature Of Business

NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

TipMeFast, Inc. (“the Company”, “we”, “us” or “our”) was incorporated on December 5, 2017 in the State of Nevada. The Company was created to be the simplest way to get paid or pay anyone from a mobile device. With this application you can pay a bartender, barista, server, musician, valet attendant, concierge, traveling pet groomer, nail technician or pool service but have no cash. The Company is a solution to pay and to get paid without exchanging personal information. 

Our executive offices are located at HaShmura St. 1, ZihronYa’akov, Israel.

XML

Going Concern

9 Months Ended

Sep. 30, 2022

Notes

Going Concern

NOTE 2 – GOING CONCERN

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. As a development-stage company, the Company had no revenues and incurred losses as of September 30, 2022. The Company currently has limited working capital, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time.

Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

XML

Summary Of Significant Accounting Policies

9 Months Ended

Sep. 30, 2022

Notes

Summary Of Significant Accounting Policies

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The results for the nine months ended September 30, 2022 are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report for the year ended December 31, 2021, filed with the Securities and Exchange Commission.

The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at September 30, 2022 and for the related periods presented.

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the nine months ended September 30, 2022.

Cash and Cash Equivalents

The Company considers all highly liquid investments with the original maturities of six months or less to be cash equivalents. The Company had $0 of cash as at September 30, 2022.

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

Revenue Recognition

We recognize revenue in accordance with ASC 606, Revenue from Contracts with Customers. The standard’s stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Fair Value of Financial Instruments

AS topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1: defined as observable inputs such as quoted prices in active markets;

Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash approximates its fair value due to its short-term maturity.

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is antidilutive. There were no potentially dilutive debt or equity instruments issued or outstanding as of September 30, 2022.

Comprehensive Income

Comprehensive income is defined as all changes in stockholders’ deficit, exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. As of September 30, 2022, there were no differences between our comprehensive loss and net loss.

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

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Stockholders' Equity

9 Months Ended

Sep. 30, 2022

Notes

Stockholders' Equity

NOTE 4 – STOCKHOLDERS’ EQUITY 

The Company has 75,000,000, $0.001 par value shares of common stock authorized.

On December 5, 2017, the company issued a total of 3,000,000 common shares to its founder for a cash contribution of $21,000.

During the quarter ended December 31, 2018, the company issued a total of 1,170,000 common shares to various investors for cash proceeds of $29,250.

During the quarter ended March 31, 2019, the company issued a total of 1,430,000 common shares to various investors for cash proceeds of $35,750. During this shares issue, $35 was received in excess from an investor which has showed in subscription received in balance sheet. It was repaid to the investor subsequently.

There were 5,600,000 and 5,600,000 shares of common stock issued and outstanding as of September 30, 2022 and December 31, 2021 respectively. 

XML

Restatement

9 Months Ended

Sep. 30, 2022

Notes

Restatement

NOTE 5 – RESTATEMENT

The following are previously recorded and restated balances as of September 30, 2021.

TIPMEFAST, INC.
Restated Statement of Operations
(Unaudited)
		For the nine months ended September 30, 2021		For the nine months ended September 30, 2021		For the nine months ended September 30, 2021
		(As Previously Reported)		(Restatement Adjustments)		(As Restated)
REVENUE:	$	-	$	-	$	-
EXPENSES:
General and administrative		4,500		-		4,500
Professional fees		11,150		1,900		13,050
Total expenses		15,650		1,900		17,550
OTHER INCOME (EXPENSE):
Interest Income		-		-		-
Total other income (expense)		-		-		-
Net loss	$	(15,650)	$	(1,900)	$	(17,550)
Net loss per common share - basic	$	(0.00)	$	(0.00)	$	(0.00)
Weighted average of common shares outstanding - basic		5,600,000		5,600,000		5,600,000
The accompanying notes are an integral part of these financial statements.

TIPMEFAST, INC.
Restated Statement of Cash Flows
(Unaudited)
		For the nine months ended September 30, 2021		For the nine months ended September 30, 2021		For the nine months ended September 30, 2021
		(As Previously Reported)		(Restatement Adjustments)		(As Restated)
Cash Flows from Operating Activities:
Net loss	$	(15,650)	$	(1,900)	$	(17,550)
Adjustments to reconcile net loss to net cash used in operating activities:
Increase (decrease) in accounts payable		4,500		900		5,400
Increase (decrease) in accrued expenses		-		-		-
Net cash used in operating activities	$	(11,150)	$	(1,000)	$	(12,150)
Cash Flows from Financing Activities:
Proceeds from related party		-		1,000		1,000
Net cash provided by financing activities	$	-	$	1,000	$	1,000
Net increase in cash, cash equivalents, and restricted cash		(11,150)		-		(11,150)
Cash, cash equivalents, and restricted cash at beginning of year		20,980		-		20,980
Cash, cash equivalents, and restricted cash at end of year	$	9,830	$	-	$	9,830
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	$	-	$	-	$	-
Cash paid for income taxes	$	-	$	-	$	-
The accompanying notes are an integral part of these financial statements.

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Related Party Transactions

9 Months Ended

Sep. 30, 2022

Notes

Related Party Transactions

NOTE 6 – RELATED PARTY TRANSACTIONS

On May 06, 2022, Company received $300 from Raid Chalil, President and Director of the company as a loan. These loans were unsecured, noninterest bearing and due on demand.

On May 25, 2022, Company received $2,750 from Raid Chalil, President and Director of the company as a loan. These loans were unsecured, noninterest bearing and due on demand.

During three months ended, September 30, 2022, Company received $2,750 from Raid Chalil, President and Director of the company as a loan. These loans were unsecured, noninterest bearing and due on demand.

As at September 30,2022 and December 31, 2021, the Company owed $6,800 and $1,000, respectively to Raid Chalil, President and Director of the Company, which is unsecured, non-interest bearing and due on demand.

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Subsequent Events

9 Months Ended

Sep. 30, 2022

Notes

Subsequent Events

NOTE 6 – SUBSEQUENT EVENTS

The Company evaluated all events or transactions that occurred after September 30, 2022 through November 04, 2022. The Company determined that it does not have any subsequent event requiring recording or disclosure in the financial statements for the period ended September 30, 2022.

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Summary Of Significant Accounting Policies: Basis Of Presentation (Policies)

9 Months Ended

Sep. 30, 2022

Policies

Basis Of Presentation

Basis of presentation

The results for the nine months ended September 30, 2022 are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report for the year ended December 31, 2021, filed with the Securities and Exchange Commission.

The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at September 30, 2022 and for the related periods presented.

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the nine months ended September 30, 2022.

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Summary Of Significant Accounting Policies: Cash And Cash Equivalents (Policies)

9 Months Ended

Sep. 30, 2022

Policies

Cash And Cash Equivalents

Cash and Cash Equivalents

The Company considers all highly liquid investments with the original maturities of six months or less to be cash equivalents. The Company had $0 of cash as at September 30, 2022.

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Summary Of Significant Accounting Policies: Income Taxes (Policies)

9 Months Ended

Sep. 30, 2022

Policies

Income Taxes

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.

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Summary Of Significant Accounting Policies: Revenue Recognition (Policies)

9 Months Ended

Sep. 30, 2022

Policies

Revenue Recognition

Revenue Recognition

We recognize revenue in accordance with ASC 606, Revenue from Contracts with Customers. The standard’s stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation.

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Summary Of Significant Accounting Policies: Use Of Estimates (Policies)

9 Months Ended

Sep. 30, 2022

Policies

Use Of Estimates

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

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Summary Of Significant Accounting Policies: Fair Value Of Financial Istruments (Policies)

9 Months Ended

Sep. 30, 2022

Policies

Fair Value Of Financial Istruments

Fair Value of Financial Instruments

AS topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1: defined as observable inputs such as quoted prices in active markets;

Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash approximates its fair value due to its short-term maturity.

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Summary Of Significant Accounting Policies: Stock-Based Compensation (Policies)

9 Months Ended

Sep. 30, 2022

Policies

Stock-Based Compensation

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

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Summary Of Significant Accounting Policies: Basic Income (Loss) Per Share (Policies)

9 Months Ended

Sep. 30, 2022

Policies

Basic Income (Loss) Per Share

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is antidilutive. There were no potentially dilutive debt or equity instruments issued or outstanding as of September 30, 2022.

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Summary Of Significant Accounting Policies: Comprehensive Income (Policies)

9 Months Ended

Sep. 30, 2022

Policies

Comprehensive Income

Comprehensive Income

Comprehensive income is defined as all changes in stockholders’ deficit, exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. As of September 30, 2022, there were no differences between our comprehensive loss and net loss.

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Summary Of Significant Accounting Policies: Recent Accounting Pronouncements (Policies)

9 Months Ended

Sep. 30, 2022

Policies

Recent Accounting Pronouncements

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

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Restatement: Summary Of Restatement (Tables)

9 Months Ended

Sep. 30, 2022

Tables/Schedules

Summary Of Restatement

The following are previously recorded and restated balances as of September 30, 2021.

TIPMEFAST, INC.
Restated Statement of Operations
(Unaudited)
		For the nine months ended September 30, 2021		For the nine months ended September 30, 2021		For the nine months ended September 30, 2021
		(As Previously Reported)		(Restatement Adjustments)		(As Restated)
REVENUE:	$	-	$	-	$	-
EXPENSES:
General and administrative		4,500		-		4,500
Professional fees		11,150		1,900		13,050
Total expenses		15,650		1,900		17,550
OTHER INCOME (EXPENSE):
Interest Income		-		-		-
Total other income (expense)		-		-		-
Net loss	$	(15,650)	$	(1,900)	$	(17,550)
Net loss per common share - basic	$	(0.00)	$	(0.00)	$	(0.00)
Weighted average of common shares outstanding - basic		5,600,000		5,600,000		5,600,000
The accompanying notes are an integral part of these financial statements.

TIPMEFAST, INC.
Restated Statement of Cash Flows
(Unaudited)
		For the nine months ended September 30, 2021		For the nine months ended September 30, 2021		For the nine months ended September 30, 2021
		(As Previously Reported)		(Restatement Adjustments)		(As Restated)
Cash Flows from Operating Activities:
Net loss	$	(15,650)	$	(1,900)	$	(17,550)
Adjustments to reconcile net loss to net cash used in operating activities:
Increase (decrease) in accounts payable		4,500		900		5,400
Increase (decrease) in accrued expenses		-		-		-
Net cash used in operating activities	$	(11,150)	$	(1,000)	$	(12,150)
Cash Flows from Financing Activities:
Proceeds from related party		-		1,000		1,000
Net cash provided by financing activities	$	-	$	1,000	$	1,000
Net increase in cash, cash equivalents, and restricted cash		(11,150)		-		(11,150)
Cash, cash equivalents, and restricted cash at beginning of year		20,980		-		20,980
Cash, cash equivalents, and restricted cash at end of year	$	9,830	$	-	$	9,830
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	$	-	$	-	$	-
Cash paid for income taxes	$	-	$	-	$	-
The accompanying notes are an integral part of these financial statements.

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Summary Of Significant Accounting Policies: Cash And Cash Equivalents (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Details
Cash held in trust	$ 0	$ 8,080

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Stockholders' Equity (Details) - USD ($)		3 Months Ended
	Dec. 05, 2017	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2022	Dec. 31, 2021
Common Stock, Shares Authorized				75,000,000	75,000,000
Common Stock, Par or Stated Value Per Share				$ 0.001	$ 0.001
Common Stock, Shares, Issued				5,600,000	5,600,000
Common Stock, Shares, Outstanding				5,600,000	5,600,000
Founder | Common Stock
Stock Issued During Period, Shares, New Issues	3,000,000
Proceeds from Issuance of Common Stock	$ 21,000
Variuos Investor | Common Stock
Stock Issued During Period, Shares, New Issues		1,430,000	1,170,000
Proceeds from Issuance of Common Stock		$ 35,750	$ 29,250
Excess Subscription cash Returned		$ 35

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Restatement: Summary Of Restatement (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
REVENUE	$ 0			$ 0			$ 0	$ 0
EXPENSES
General and administrative	2,000			1,500			6,000	4,500
Professional fees	3,050			300			6,700	13,050
Total expenses	5,050			1,800			12,700	17,550
OTHER INCOME (EXPENSE)
Total other income (expense)	0			0			0	0
Net loss	$ (5,050)	$ (5,350)	$ (2,300)	$ (1,800)	$ (8,550)	$ (7,200)	$ (12,700)	$ (17,550)
Weighted average of common shares outstanding - basic	5,600,000			5,600,000			5,600,000	5,600,000
Adjustments to reconcile net loss to net cash used in operating activities
Increase (decrease) in accounts payable							$ (3,180)	$ 5,400
Increase (decrease) in accrued expenses							2,000	0
Net cash used in operating activities							(13,880)	(12,150)
Cash Flows from Financing Activities
Proceeds from related party							5,800	1,000
Net cash provided by financing activities							5,800	1,000
Net increase in cash, cash equivalents, and restricted cash							(8,080)	(11,150)
Cash, cash equivalents, and restricted cash at beginning of year			$ 8,080			20,980	8,080	20,980
Cash, cash equivalents, and restricted cash at end of year	$ 0			$ 9,830			0	9,830
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for interest							0	0
Cash paid for income taxes							$ 0	0
Previously Reported
REVENUE								0
EXPENSES
General and administrative								4,500
Professional fees								11,150
Total expenses								15,650
OTHER INCOME (EXPENSE)
Interest Income								0
Total other income (expense)								0
Net loss								$ (15,650)
Net loss per common share - basic								$ (0.00)
Weighted average of common shares outstanding - basic								5,600,000
Adjustments to reconcile net loss to net cash used in operating activities
Increase (decrease) in accounts payable								$ 4,500
Increase (decrease) in accrued expenses								0
Net cash used in operating activities								(11,150)
Cash Flows from Financing Activities
Proceeds from related party								0
Net cash provided by financing activities								0
Net increase in cash, cash equivalents, and restricted cash								(11,150)
Cash, cash equivalents, and restricted cash at beginning of year						20,980		20,980
Cash, cash equivalents, and restricted cash at end of year				9,830				9,830
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for interest								0
Cash paid for income taxes								0
Revision of Prior Period, Adjustment
REVENUE								0
EXPENSES
General and administrative								0
Professional fees								1,900
Total expenses								1,900
OTHER INCOME (EXPENSE)
Interest Income								0
Total other income (expense)								0
Net loss								$ (1,900)
Net loss per common share - basic								$ (0.00)
Weighted average of common shares outstanding - basic								5,600,000
Adjustments to reconcile net loss to net cash used in operating activities
Increase (decrease) in accounts payable								$ 900
Increase (decrease) in accrued expenses								0
Net cash used in operating activities								(1,000)
Cash Flows from Financing Activities
Proceeds from related party								1,000
Net cash provided by financing activities								1,000
Net increase in cash, cash equivalents, and restricted cash								0
Cash, cash equivalents, and restricted cash at beginning of year						0		0
Cash, cash equivalents, and restricted cash at end of year				0				0
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for interest								0
Cash paid for income taxes								0
Restated
REVENUE								0
EXPENSES
General and administrative								4,500
Professional fees								13,050
Total expenses								17,550
OTHER INCOME (EXPENSE)
Interest Income								0
Total other income (expense)								0
Net loss								$ (17,550)
Net loss per common share - basic								$ (0.00)
Weighted average of common shares outstanding - basic								5,600,000
Adjustments to reconcile net loss to net cash used in operating activities
Increase (decrease) in accounts payable								$ 5,400
Increase (decrease) in accrued expenses								0
Net cash used in operating activities								(12,150)
Cash Flows from Financing Activities
Proceeds from related party								1,000
Net cash provided by financing activities								1,000
Net increase in cash, cash equivalents, and restricted cash								(11,150)
Cash, cash equivalents, and restricted cash at beginning of year						$ 20,980		20,980
Cash, cash equivalents, and restricted cash at end of year				$ 9,830				9,830
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for interest								0
Cash paid for income taxes								$ 0

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Related Party Transactions (Details) - USD ($)							9 Months Ended
	Sep. 30, 2022	May 30, 2022	May 25, 2022	May 25, 2022	May 06, 2022	May 06, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Proceeds from related party							$ 5,800	$ 1,000
Due to related party	$ 6,800						$ 6,800		$ 1,000
Raid Chalil, President And Director
Related Party Description							unsecured, non-interest bearing and due on demand.	unsecured, non-interest bearing and due on demand.
Due to related party	6,800						$ 6,800		$ 1,000
Raid Chalil, President And Director | Loans Payable
Proceeds from related party	$ 2,750		$ 2,750		$ 300
Related Party Description		These loans were unsecured, noninterest bearing and due on demand.		These loans were unsecured, noninterest bearing and due on demand.		These loans were unsecured, noninterest bearing and due on demand.