10-Q

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended September 30, 2022

☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number: 000-56304

GOLD ROCK HOLDINGS, INC.

(Name of Small Business Issuer in its charter)

Nevada	000-51074	87-0434297
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2020 General Booth Blvd.

Suite 230

Virginia Beach, VA 23454

(Address of principal executive offices)

Registrant’s telephone number: (757) 306-6090

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 ☒ 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 ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a 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.

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 ☒

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
NONE	NONE	NONE

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: At November 4, 2022 the registrant had outstanding 87,482,208 shares of common stock, par value $0.001 per share.

TABLE OF CONTENTS

		PAGE
PART I
Item 1.	Condensed Unaudited Financial Statements	1
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	9
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	14
Item 4.	Controls and Procedures	14
PART II
Item 1.	Legal Proceedings	16
Item 1A.	Risk Factors	16
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	16
Item 3.	Defaults Upon Senior Securities	16
Item 4.	Mining Safety Disclosures	16
Item 5.	Other Information	16
Item 6.	Exhibits	16
	Signatures	17

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PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

GOLD ROCK HOLDINGS, INC.

FINANCIAL REPORTS

AT

SEPTEMBER 30, 2022

INDEX TO FINANCIAL STATEMENTS

Condensed Balance Sheets at September 30, 2022- Unaudited and December 31, 2021 - Unaudited	2
Condensed Statements of Operations for the Three and Nine Months Ended September 30, 2022and 2021 - Unaudited	3
Condensed Statements of Cash Flows for the Nine Months Ended September 30, 2022and 2021 - Unaudited	4
Condensed Statements of Stockholders’ Equity for the Three and Nine Months Ended September 30, 2022 and 2021 - Unaudited	5
Notes to the Condensed Unaudited Financial Statements - Unaudited	6-8

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Gold Rock Holdings, Inc.

CONDENSED BALANCE SHEETS - UNAUDITED

	September 30,			December 31,
	2022			2021
ASSETS
Current Assets
Cash	$	1,300		$	1,700
Total Current Assets		1,300			1,700
Total Assets	$	1,300		$	1,700
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities
Accounts Payable and Accrued Expenses	$	18,158		$	9,285
Accrued Board of Director Compensation		31,000			1,000
Total Current Liabilities		49,158			10,285
Total Liabilities		49,158			10,285
Stockholders’ Deficit
Common Stock - $0.001 Par; 850,000,000 Shares Authorized, 87,482,208 and 87,382,208 Issued and Outstanding, Respectively		87,482			87,382
Additional Paid-In-Capital		137,344			103,577
Accumulated Deficit		(272,684	)		(199,544	)
Total Stockholders’ Deficit		(47,858	)		(8,585	)
Total Liabilities and Stockholders’ Deficit	$	1,300		$	1,700

The accompanying notes are an integral part of these unaudited condensed financial statements.

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Gold Rock Holdings, Inc.

CONDENSED STATEMENTS OF OPERATIONS - UNAUDITED

	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Sales	$	-		$	-		$	-		$	-
Cost of Sales		-			-			-			-
Gross Profit		-			-			-			-
Operating Expenses
Board of Director Compensation		-			-			30,000			30,000
Consulting		3,500			3,000			9,500			9,000
General and Administrative		8,041			17,024			33,640			41,927
Total Expenses		11,541			20,024			73,140			80,927
Net Loss for the Period	$	(11,541	)	$	(20,024	)	$	(73,140	)	$	(80,927	)
Weighted Average Number of Common Shares - Basic and Diluted		87,482,208			87,290,368			87,454,369			75,087,284
Net Loss for the Period Per Common Shares - Basic and Diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

The accompanying notes are an integral part of these unaudited condensed financial statements.

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Gold Rock Holdings, Inc.

CONDENSED STATEMENTS OF CASH FLOWS - UNAUDITED

Nine Months Ended September 30,	2022			2021
Cash Flows from Operating Activities
Net Loss for the Period	$	(73,140	)	$	(80,927	)
Non-Cash Adjustments:
Common Shares Issued for Professional Services		1,000			3,100
Common Shares Issued for Consulting		-			3,000
Common Shares Issued for Consulting		-			29,000
Changes in Assets and Liabilities:
Prepaid Expenses		-			100
Accounts Payable and Accrued Expenses		8,873			6,100
Accrued Board of Directors Compensation		30,000			1,000
Net Cash Flows Used In Operating Activities		(33,267	)		(38,627	)
Cash Flows from Investing Activities		-			-
Cash Flows from Financing Activities
Capital Contributions from Directors		32,867			38,627
Net Cash Flows Provided by Financing Activities		32,867			38,627
Net Change in Cash		(400	)		-
Cash - Beginning of Period		1,700			1,700
Cash - End of Period	$	1,300		$	1,700
Cash Paid During the Period for:
Interest	$	-		$	-
Income Taxes	$	-		$	-

The accompanying notes are an integral part of these unaudited condensed financial statements.

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Gold Rock Holdings, Inc.

CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2022 AND 2021 - UNAUDITED

	Common Stock				Additional					Total
	$0.001 Par				Paid-In		Accumulated			Stockholders’
For The Three Months Ended September 30, 2021	Shares		Amount		Capital		Deficit			Deficit
Balance - July 1, 2021		87,227,500	$	87,227	$	71,922	$	(168,403	)	$	(9,254	)
Common Stock Issued for Professional Services		133,047		133		2,967		-			3,100
Capital Contributions - Director		-		-		20,778		-			20,778
Net Loss for the Period		-		-		-		(20,024	)		(20,024	)
Balance - September 30, 2021		87,360,547	$	87,360	$	95,667	$	(188,427	)	$	(5,400	)

	Common Stock				Additional					Total
	$0.001 Par				Paid-In		Accumulated			Stockholders’
For The Three Months Ended September 30, 2022	Shares		Amount		Capital		Deficit			Deficit
Balance - July 1, 2022		87,482,208	$	87,482	$	129,261	$	(261,143	)	$	(44,400	)
Capital Contributions - Director		-		-		8,083		-			8,083
Net Loss for the Period		-		-		-		(11,541	)		(11,541	)
Balance - September 30, 2022		87,482,208	$	87,482	$	137,344	$	(272,684	)	$	(47,858	)

	Common Stock				Additional						Total
	$0.001 Par				Paid-In			Accumulated			Stockholders’
For The Nine Months Ended September 30, 2021	Shares		Amount		Capital			Deficit			Deficit
Balance - January 1, 2021		47,227,500	$	47,227	$	(41,927	)	$	(107,500	)	$	(102,200	)
Common Stock Issued for Accrued Expenses & Directors Fees		30,588,235		30,588		73,412			-			104,000
Common Stock Issued for Consulting and Director Compensation		9,411,765		9,412		22,588			-			32,000
Common Stock Issued for Professional Services		133,047		133		2,967			-			3,100
Capital Contributions - Director		-		-		38,627			-			38,627
Net Loss for the Period		-		-		-			(80,927	)		(80,927	)
Balance - September 30, 2021		87,360,547	$	87,360	$	95,667		$	(188,427	)	$	(5,400	)

	Common Stock				Additional					Total
	$0.001 Par				Paid-In		Accumulated			Stockholders’
For The Nine Months Ended September 30, 2022	Shares		Amount		Capital		Deficit			Deficit
Balance - January 1, 2022		87,382,208	$	87,382	$	103,577	$	(199,544	)	$	(8,585	)
Capital Contributions - Director		-		-		32,867		-			32,867
Common Stock Issued for Professional Services		100,000		100		900		-			1,000
Net Loss for the Period		-		-		-		(73,140	)		(73,140	)
Balance - September 30, 2022		87,482,208	$	87,482	$	137,344	$	(272,684	)	$	(47,858	)

The accompanying notes are an integral part of these unaudited condensed financial statements.

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GOLD ROCK HOLDINGS, INC.

NOTES TO CONDENSED UNAUDITED FINANCIAL STATEMENTS

NOTE 1 – Organization & Description of Business

The Company was incorporated in the State of Nevada in February 1997 as Affordable Homes of America. In March 1999 we merged into Kowtow, Inc. and changed our name to Affordable Homes of America, Inc. On October 12, 2000, we changed our name to World Homes, Inc. and on August 23, 2001, we changed our name to Composite Industries of America, Inc. On September 02, 2004, the Company changed its name to Gold Rock Holdings, Inc. On January 08, 2009, the Company did a name change to The Affordable Homes Group, Inc. On March 01, 2011, the Company changed its name to Global Green Group, Inc. On January 09, 2015, the Company changed its name back to Gold Rock Holdings, Inc., the current name of the Company. In 2019, Gold Rock Holdings, Inc. established itself as a provider of engineering and construction management services producing site-plans, construction drawings, cost computations, fiber network designs, and other related construction services. These services assist underground construction companies in laying high-speed fiber-optics and underground cable in areas of the U.S.

NOTE 2 – Summary of Significant Accounting Policies

Basis of Presentation

The accompanying condensed balance sheet has been derived from the December 31, 2021 audited financial statements and the unaudited condensed financial statements as of September 30, 2022 and 2021, have been prepared in accordance with generally accepted accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited financial statements and related footnotes included in our Annual report on Form 10-K for the year ended December 31, 2021 (the “2021 Annual Report”), filed with the Securities and Exchange Commission (the “SEC”). It is management’s opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for fair condensed financial statements presentation. Operating results for the three and nine months ended September 30, 2022, are not necessarily indicative of the results of operations expected for the year ending December 31, 2022.

Use of Estimates

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

Cash and Cash Equivalents

Cash and cash equivalents may include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States, which periodically may exceed federally insured amounts.

Earnings (Loss) per Share

Earnings (loss) per share of common stock are computed in accordance with FASB ASC 260 “Earnings per Share”. Basic earnings (loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive. Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding and diluted earnings (loss) per share.

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GOLD ROCK HOLDINGS, INC.

NOTES TO CONDENSED UNAUDITED FINANCIAL STATEMENTS

NOTE 2 – Summary of Significant Accounting Policies - continued

Stock-Based Compensation

We account for employee and non-employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation—Stock Compensation, which requires all share-based payments, including grants of stock options, to be recognized in the financial statements based on their fair values. The fair value of the equity instrument is charged directly to compensation expense and credited to additional paid-in capital over the period during which services are rendered.

Fair Value of Financial Instruments

The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable and accrued liabilities approximate fair value given their short-term nature or effective interest rates.

Revenue Recognition

The Company implemented ASC 606, Revenue from Contracts with Customers. These included the development of new policies based on the five-step model provided in the new revenue standard, ongoing contract review requirements, and gathering of information provided for disclosures.

The Company recognizes revenue and cost of goods sold from product sales or services rendered when control of the promised goods are transferred to our clients in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle, we apply the following five steps: identify the contract with the client, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to performance obligations in the contract and recognize revenues when or as the Company satisfies a performance obligation.

NOTE 3 – Recently Issued Accounting Standards

The Company has implemented all new accounting pronouncements that are in effect and is evaluating any that may impact its financial statements, including the new lease standard. The Company does not have any leases and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

NOTE 4 – Going Concern

The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has an accumulated deficit of $272,684 and negative working capital of $47,858 at September 30, 2022, which, among other factors, raises substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they are due.

While the Company is attempting to continue operations and generate revenues, the Company’s cash position may not be significant enough to support the Company’s daily operations. Management believes that the actions presently being taken to further implement the Company’s business plan; to expand sales with a dynamic marketing campaign and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues. During the three months ended September 30, 2022, due to lack of revenues the officers of the Company paid for all expenses through additional paid in capital to the Company. This allowed the Company to continue as a going concern.

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GOLD ROCK HOLDINGS, INC.

NOTES TO CONDENSED UNAUDITED FINANCIAL STATEMENTS

NOTE 5 – Related Party Transactions

During the nine months ended September 30, 2022 and 2021, the two board of directors paid all expenses of the Company in the amount of $32,867 and $38,627, respectively. The amount paid during the nine months ended September 30, 2022 and 2021 was not to be reimbursed therefore, additional paid in capital was increased by $32,867 and $38,627, respectively for the periods then ended.

The Company has a consulting agreement with a majority shareholder/board of director. The agreement is for $1,000 monthly. Consulting expense for each of the three and nine months ended September 30, 2022 and 2021 was $3,000 and $9,000, respectively and is included in accounts payable in the amount of $18,000 and $9,000 at September 30, 2022 and December 31, 2021, respectively.

The Company has a 5 year compensation agreement with its Board Chairman beginning January 1, 2022 and ending on December 31, 2026. Compensation is an annual fee of $30,000, due in the following month of January. Board of director compensation for each of the three and nine months ended September 30, 2022 and 2021 was $-0- and $30,000, respectively and is included in accrued board of director compensation in the amount of $31,000 and $1,000 at September 30, 2022 and December 31, 2021, respectively.

NOTE 6 – Stock

Preferred Stock

Preferred stock consists of 50,000,000 shares authorized at $0.001 par value. Preferred stock are blank check and have no conversion, dividend or voting rights. At September 30, 2022 and December 31, 2021 there were -0- preferred shares issued and outstanding.

Common Stock

Common stock consists of 850,000,000 shares authorized at $0.001 par value. At September 30, 2022 and December 31, 2021 there were 87,482,208 and 87,382,208 shares issued and outstanding, respectively.

During the nine months ended September 30, 2021, the Company issued 30,588,235 shares to pay $90,000 of accrued board of director compensation and accrued consulting of $14,000 that was included on the balance sheet at December 31, 2020. The shares value was based on the market price of the Company’s common stock of $0.0034 on the measurement date.

During the nine months ended September 30, 2021, the Company issued 9,411,765 shares to pay $32,000 of board of director compensation and consulting services of $3,000 that was included in the statement of operations at September 30, 2021. The shares value was based on the market price of the Company’s common stock of $0.0034 on the measurement date.

During the nine months ended September 30, 2022, the Company issued 100,000 shares to pay $1,000 of professional services that was included in the statement of operations at September 30, 2022. The shares value was based on the market price of the Company’s common stock of on the measurement dates.

NOTE 7 – Risks and Uncertainties

Coronavirus Impact (COVID-19)

Due to the recent outbreak of the coronavirus reported in many countries worldwide, local and federal governments have issued travel advisories, canceled large scale public events and closed schools. In addition, companies have begun to cancel conferences and travel plans and require employees to work from home. Global financial markets have also experienced extreme volatility and disruptions to capital and credit markets.

We are unable to predict the impact of the coronavirus on our operations at this time. Adverse events such as health-related concerns about working in our offices, the inability to travel, potential impact on our business partners and customers, and other matters affecting the general work and business environment could harm our business and delay the implementation of our business strategy. The adverse events may also adversely impact our ability to raise capital or to continue as a going concern. We continue to monitor the recent outbreak of the coronavirus on our operations.

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

The following information should be read in conjunction with our financial statements and related notes thereto included in Part I, Item 1, above.

Forward Looking Statements

Certain matters discussed herein are forward-looking statements. Such forward-looking statements contained in this Form 10-Q involve risks and uncertainties, including statements as to:

● our future strategic plans

● our future operating results;

● our business prospects;

● our contractual arrangements and relationships with third parties;

● the dependence of our future success on the general economy;

● our possible future financing; and

● the adequacy of our cash resources and working capital.

● the Covid-19 Pandemic.

From time to time, we or our representatives have made or may make forward-looking statements, orally or in writing. Such forward-looking statements may be included in, but not limited to, press releases, oral statements made with the approval of an authorized executive officer or in various filings made by us with the Securities and Exchange Commission. Words or phrases “will likely result”, “are expected to”, “will continue”, “is anticipated”, “estimate”, “project or projected”, or similar expressions are intended to identify “forward-looking statements”. Such statements are qualified in their entirety by reference to and are accompanied by the above discussion of certain important factors that could cause actual results to differ materially from such forward-looking statements.

Covid-19 Pandemic

Management is currently aware of the global and domestic issues arising from the Covid-19 pandemic and the possible direct and indirect affects on the company’s operations which could have a material adverse effect on the company’s current financial position, future results of operations, or liquidity, because its current operations are limited. However, investors should also be aware of factors, which includes the possibility of Covid-19 affects on operational status, could have a negative impact on the Company’s prospects and the consistency of progress in the areas of revenue generation, liquidity, and generation of capital resources, as the Company implements its business plan. These may include: (i) variations in revenue, (ii) possible inability to attract investors for the Company’s equity securities or otherwise raise adequate funds from any source should the Company seek to do so, (iii) increased governmental regulation or significant changes in that regulation, (iv) increased competition, (v) unfavorable outcomes to litigation involving the Company or to which the Company may become a party in the future, and (vi) a very competitive and rapidly changing operating environment.

The risks identified here are not all inclusive. New risk factors emerge from time to time and it is not possible for management to predict all of such risk factors, nor can it assess the impact of all such risk factors on the company’s business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Accordingly, forward-looking statements should not be relied upon as a prediction of actual results.

The financial information set forth in the following discussion should be read in conjunction with the financial statements of Gold Rock Holdings, Inc. included elsewhere herein.

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Business

Gold Rock Holdings, Inc., (Gold Rock) a Nevada corporation, provides engineering and construction management services, produce site-plans, construction drawings, cost computations, fiber network designs, and other related construction services. In effect the Company will act as the general contractor to design the cable systems and it will hire subcontractors to implement those designs. These services will assist underground construction companies in laying fiber-optics and other underground cable in the United States to help solve the broadband infrastructure gap.

Gold Rock intends to grow and further establish itself through marketing campaigns to achieve awareness of its construction and engineering services, as well as drive business growth by partnering with the high-tech service providers, internet service providers, cable service providers, satellite service providers, mobile phone providers, communication providers, and local municipalities. In addition, the Company is actively considering acquisitions that would be accretive to its business. Currently, Gold Rock markets itself through third-parties that have existing relationships with these providers in their existing demographic service areas. The third parties are construction companies, or other engineering outfits who propose bids on pending or ongoing high-tech and fiber-optic underground projects in areas that are either lacking or upgrading high-tech broadband infrastructures. Gold Rock Holding’s management evaluates each engineering and consulting job on a case by case bases with the intent to enter into a contract for its “UGnet” services. At this time, Gold Rock Holdings, Inc. has no contracts.

At this time, the Company expects to receive 100% of its revenues from the sale of the Company’s “UGnet”construction management, engineering services and fiber network designs, as it pertains to underground fiber-optic high-speed broadband and cable infrastructures. Gold Rock services are offered through the “UGnet” service line, which stands for “Underground Networks.”

The Company proactively seeks to expand its Gold Rock “UGnet” services throughout the U.S., and will continue to approach municipalities, utilities, and cable, phone, mobile phone and internet providers with competitive quotes on underground development of high-speed fiber optic broadband connectivity. The Company will continue to try to advance its social media platform with direct online and targeted marketing with the objective of expanding its demographics.

Gold Rock Holdings, Inc. maintains an executive office in Virginia Beach, Virginia where all marketing, sales, and customer supports activities are implemented.

Officer Appointments and Resignations

On August 26, 2022 the Board of Directors (“the Board”) accepted the resignation from Mr. Merle Ferguson as the Company’s Chief Financial Officer and Secretary. Mr. Ferguson remains the Comany’s Chairman of the Board, Cheif Executive Officer and President of the Company.

On August 26, 2022, the Board of Directors (the “Board”) of Gold Rock Holdings, Inc. (the “Company”) appointed Mr. Richard Kaiser from Virginia Beach, VA as a Board of Director, Chief Financial Officer and Secretary for the Company.

Since December 1, 2016 to the present, Mr. Kaiser serves in the roles of CFO, corporate secretary and corporate governance officer for BioForce Nanosciences Holdings, Inc., a Nevada corporation, with its business headquarters in Virginia Beach, VA. From April 1, 2015 to the present, Mr. Kaiser has also served as a director, secretary and CFO of Bravo Multinational, Inc., a public company formed under the laws of Wyoming with its headquarters located in Virginia Beach, VA. He has served as an officer and Co-Owner of Yes International since July, 1991. Yes International is a full-service EDGAR conversion, investor relations and venture capital firm located in Virginia Beach, Virginia. From April 1, 2015 to the present. In 1993, Mr. Kaiser received a Bachelor of Arts Degree in International Economics from Oakland University (formerly known as Michigan State University-Honors College). The Board reviewed Mr. Kaiser’s background and considered him qualified for his positions due to his educational background and his experience with SEC filings and his vast knowledge of the operations at public companies.

The Company did not enter or amend any agreements with Richard Kaiser, and no compensatory grants or awards were made to Richard Kaiser in connection with his appointment as Director, Chief Financial Officer, and Secretary. There are no family relationships between Mr. Kaiser and any of the Company’s other directors or executive officers.

The Company has a consulting agreement with Mr. Kaiser’s Company, YES INTERNATIONAL, LLC, for general consulting services and to provide executive office space for Gold Rock Holdings, Inc. The agreement is on a month-to-month bases for $1,000 per month with a 30-day advance notice to discontinue services.

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Transfer Agent

Our transfer agent is Transfer Online, Inc. whose address is 512 SE Salmon Street, Portland, Oregon 97214, and telephone number (503) 227-2950.

Company Contact Information

Our principal executive and subsidiary offices are located at 2020 General Booth Blvd., Unit 230, Virginia Beach, VA 23454, telephone (757) 306-6090. The information to be contained in our Internet website, www.bioforceeclipse.com, shall not constitute part of this report. 

Current Directors

The following table provides information concerning our officers and directors. All directors hold office until the next annual meeting of stockholders or until their successors have been elected and qualified.

Merle Ferguson	Director/ CEO/ President
Richard Kaiser	Director/CFO/Secretary

Transfer Agent

Our transfer agent is Signature Stock Transfer, Inc. whose address is 14673 Midway Road, Suite 220, Addision, Texas, 75001 and its telephone number 972-612-4120.

Company Contact Information

Our principal executive and subsidiary offices are located at 2020 General Booth Blvd., Unit 230, Virginia Beach, VA 23454, telephone (757) 306-6090. The information to be contained in our Internet website, www.goldrockholdings.us, shall not constitute part of this report.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

Overall Operating Results:

Three Months – September 30, 2022 and 2021 Statements

The Sales Revenue for the three months ended September 30, 2022 and for the three months ended September 30, 2022 were $-0- and $-0-, respectively. During the three months ended September 30, 2022 the Company had no underground fiber contracts, and for the same period ending September 30, 2021 the Company had no underground fiber contracts.

The Cost of Goods Sold for the three months ended September 30, 2022 was $-0- and the Cost of Goods Sold for the three months ended September 30, 2021 was $-0-.

Gross Margins for the three months ended September 30, 2022 was 0%, and during the same period in 2021 was 0%; no contracts for the laying of underground fiber and copper cables.

Gross Profit for the three months ended September 30, 2022 was $-0- and for the three months ended September 30, 2021 was $-0-.

Operating expenses for three months ended September 30, 2022, totaled $11,541 from Consulting Expense and General and Administrative Expenses, compared to $20,024 for the three months ended September 30, 2021. This decrease in September 30, 2022 compared to the same period ended September 30, 2021 was attributed to lower Consulting Expense and General and Administrative Expenses.

-11-

Nine Months – September 30, 2022 and 2021 Statements

The Sales Revenue from the Company for the nine months ended September 30, 2022 and for the nine months ended September 30, 2021 were $-0- both periods; no underground laying of fiber contracts.

The Cost of Sales for the nine months ended September 30, 2022 was $-0- and for the nine months ended September 30, 2021 was $-0- respectively. 

Gross Margins for the nine months ended September 30, 2022 was 0%, and for nine months ended September 30, 2021 was 0%; no contracts for the laying of underground fiber and copper cables.

Gross Profit for the nine months ended September 30, 2022 was $-0- and for the nine months ended September 30, 2021 was $-0-. 

Operating expenses for nine months ended September 30, 2022, totaled $73,140 from Board of Director Compensation, Consulting Expense and General and Administrative Expenses, compared to $890,927 for the nine months ended September 30, 2022. This decrease during the same nine month period ended September 30, 2021 was attributed to lower General and Administrative Expenses.

Net Loss:

Net loss for the three month ended September 30, 2022 and 2021 were $11,541 and $20,024, respectively. Net loss for the nine month ended September 30, 2022 and 2021 were $73,140 and $80,927, respectively.

Liquidity and Capital Resources:

As of September 30, 2022, the Company’s assets totaled $1,300, which consisted of cash. Our total liabilities were $49,158. As of September 30, 2022, the Company had an accumulated deficit of $272,684 and working capital deficit $47,858.

As indicated herein, we need capital for the implementation of our business plan, and we will need additional capital for continuing our operations. We do not have sufficient revenues to pay our operating expenses at this time. Unless the company is able to raise working capital, it is likely that the Company will either have to cease operations or substantially change its methods of operations or change its business plan (See Note 4 in Financial Statements). For the next 12 months the Company has a written commitment from its CEO in Mr. Merle Ferguson’s employment contract to advance funds as necessary in meeting the Company’s operating requirements.

Gold Rock Holdings, Inc. does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company, or any of its subsidiaries’ operating results, financial position, or cash flow.

Cash Provided by (Used in) Operating Activities

Net cash used in operating activities for the nine months ended September 30, 2022 and 2021 were $33,267 and $28,627, respectively. The decrease in the amount of cash used during the nine months ended September 30, 2022 was due to the decreases in operating expenses when compared to the nine months ended September 30, 2021.

Cash Flows from Investing Activities

Net cash used in investing activities was $-0- for both the nine month periods ended September 30, 2022 and 2021.

Cash Provided by (Used In) Financing Activities

Net cash provided by financing activities was $32,867 for nine month ended September 30, 2022 from the Capital Contributions from Directors, and was $38,627 for nine month ended September 30, 2021 from the amount of Capital Contributions from the Company’s directors.

-12-

Critical Accounting Policies

Our financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles in the United States. Preparing financial statements requires management to make estimates and assumptions that impact the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management’s application of accounting policies. Critical accounting policies include revenue recognition and stock-based compensation. The Company has implemented all new accounting pronouncements that are in effect and is evaluating any that may impact its financial statements, including revenue recognition. The Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Revenue Recognition

In accordance with ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”), revenues are recognized when control of the promised goods or services is transferred to our clients, in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle, we apply the following five steps: (1) Identify the contract with a client; (2) Identify the performance obligations in the contract; (3) Determine the transaction price; (4) Allocate the transaction price to performance obligations in the contract; and (5) Recognize revenues when or as the company satisfies a performance obligation.

We adopted this ASC on January 1, 2019. Although the new revenue standard is expected to have an immaterial impact, if any, on our ongoing net income, we did implement changes to our processes related to revenue recognition and the control activities within them.

Stock-Based Compensation

We account for employee and non-employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation—Stock Compensation, which requires all share-based payments, including grants of stock options, to be recognized in the financial statements based on their fair values. The fair value of the equity instrument is charged directly to compensation expense and credited to additional paid-in capital over the period during which services are rendered.

Recent Accounting Pronouncements 

The Company has implemented all new accounting pronouncements that are in effect and is evaluating any that may impact its financial statements, including revenue recognition. The Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements.

Going Concern

We have incurred net losses since our inception. We anticipate incurring additional losses before realizing growth in revenue and we will depend on additional financing in order to meet our continuing obligations and ultimately to attain profitability. Our ability to obtain additional financing, whether through the issuance of additional equity or through the assumption of debt, is uncertain. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from the uncertainty about our ability to continue our business.

-13-

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our Principal Executive Officer and Principal Financial Officer, evaluated the effectiveness of our disclosure controls and procedures (as defined in the Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered by this Quarterly Report on Form 10-Q. In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints, and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs. 

Based on our evaluation, our Principal Executive Officer and Principal Financial Officer, after considering the existence of material weaknesses identified, determined that our internal control over financial reporting disclosure controls and procedures were not effective as of September 30, 2022.

Evaluation of Internal Control over Financial Reporting

Our 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 Securities Exchange Act of 1934, as amended. Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles.

Our internal control over financial reporting includes those policies and procedures that: (i) pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets, (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with the authorization of our management and directors, and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on our financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Management, including our Principal Executive Officer and Principal Financial Officer, assessed the effectiveness of our internal control over financial reporting as of September 30, 2022. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal Control – Integrated Framework (2013).

We identified the following deficiencies which together constitute a material weakness in our assessment of the effectiveness of internal control over financial reporting as of September 30, 2022: 

- The Company has inadequate segregation of duties within its cash disbursement control design.

- During the period ended September 30, 2022, the Company internally performed all aspects of its financial reporting process, including, but not limited to the underlying accounting records and the recording of journal entries and for the preparation of financial statements. This process was deficient, because these duties were performed often times by the same people, and therefore a lack of review was created over the financial reporting process that might result in a failure to detect errors in spreadsheets, calculations, or assumptions used to compile the financial statements and related disclosures as filed with the SEC. These control deficiencies could result in a material misstatement to our interim or annual financial statements that would not be prevented or detected.

-14-

It should be noted that any system of controls, however well designed and operated, can provide only reasonable, and not absolute, assurance that the objectives of the system are met. In addition, the design of any control system is based in part upon certain assumptions about the likelihood of future events. Because of these and other inherent limitations of control system, there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

This report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to rules of the Securities and Exchange Commission that permit us to provide only management’s report in this annual report.

We regularly review our system of internal control over financial reporting to ensure that we maintain an effective internal control environment. If deficiencies appear in our internal controls, management will make changes that address those deficiencies.

Changes in Internal Control Over Financial Reporting

There have been no changes in the Company’s internal control over financial reporting that occurred during the reporeting period ended September 30, 2022that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

Coronavirus Impact (COVID-19)

Due to the recent outbreak of the coronavirus reported in many countries worldwide, local and federal governments have issued travel advisories, canceled large scale public events and closed schools. In addition, companies have begun to cancel conferences and travel plans and require employees to work from home. Global financial markets have also experienced extreme volatility and disruptions to capital and credit markets.

We are unable to predict the impact of the coronavirus on our operations at this time. Adverse events such as health-related concerns about working in our offices, the inability to travel, potential impact on our business partners and customers, and other matters affecting the general work and business environment could harm our business and delay the implementation of our business strategy. The adverse events may also adversely impact our ability to raise capital or to continue as a going concern. We continue to monitor the recent outbreak of the coronavirus on our operations. The global economic slowdown and the other risks and uncertainties associated with the pandemic could have a material adverse effect on our business, financial condition, results of operations and growth prospects. In addition, to the extent the ongoing COVID-19 pandemic adversely affects the Company’s business and results of operations, it may also have the effect of heightening many of the other risks and uncertainties which the Company faces.

-15-

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

At this time, there are no materials pending legal proceedings to which the Company is a party or as to which any of its services and products are subject, and no such proceedings are known to the Company to be threatened or contemplated against it.

ITEM 1A. RISK FACTORS

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

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

None

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINING SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION.

None

ITEM 6. EXHIBITS

Index to Exhibits.

Exhibit No.	Description of Exhibit
31.1	Certification Chief Executive Officer pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002.+
31.2	Certification Chief Executive Officer pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002.+
32.1	Certification Chief Executive Officer pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002.+
32.2	Certification Chief Executive Officer pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002.+
101	Interactive Financial Data XBRL Extensions (iXBRL)+
104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101+

+ filed herewith

-16-

SIGNATURES

In accordance with the requirements of the Exchange Act, the Registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

GOLD ROCK HOLDINGS, INC.
Dated: November 7, 2022	By:	/s/ Merle Ferguson
	Merle Ferguson Chief Executive Officer / President / Chairman

Dated: November 7, 2022	By:	/s/ Richard Kaiser
	Richard Kaiser Chief Financial Officer/ Secretary / Director

-17-

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, Merle Ferguson, certify that:

1.	I have reviewed this quarterly report of Gold Rock Holdings, Inc. on Form 10-Q;
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, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer 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 registrant 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 registrant, 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)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	Evaluated the effectiveness of the registrant’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
	d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’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 registrant’s internal control over financial reporting.

	By:	/s/ Merle Ferguson
November 7, 2022		Merle Ferguson Chief Executive Officer / Chairman (Principal Executive Officer)

EX-31.2

EXHIBIT 31.2

CFO CERTIFICATION

I, Richard Kaiser, certify that:

1.	I have reviewed this quarterly report of Gold Rock Holdings, Inc. on Form 10-Q;
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, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer 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 registrant 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 registrant, 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)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	Evaluated the effectiveness of the registrant’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
	d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’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 registrant’s internal control over financial reporting.

	By:	/s/ Richard Kaiser
November 7, 2022		Richard Kaiser Chief Financial Officer / Director (Principal Accounting and Principal Financial Officer)

EX-32.1

EXHIBIT 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

Pursuant to 18 U.S.C. Section 1350,

As adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

I, Merle Ferguson certify, to my best knowledge and belief, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of Gold Rock Holdings, Inc., on Form 10-Q for the quarter ended September 30, 2022 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Quarterly Report on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of Gold Rock Holdings, Inc.

	By:	/s/ Merle Ferguson
November 7, 2022		Merle Ferguson Chief Executive Officer / Chairman (Principal Executive Officer)

EX-32.2

EXHIBIT 32.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

Pursuant to 18 U.S.C. Section 1350,

As adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

I, Richard Kaiser, certify, to my best knowledge and belief, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of Gold Rock Holdings, Inc. on Form 10-Q for the quarter ended September 30, 2022, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Quarterly Report on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of Gold Rock Holdings, Inc.

	By:	/s/ Richard Kaiser
November 7, 2022		Richard Kaiser Chief Financial Officer / Director (Principal Accounting and Principal Financial Officer)

XML

Cover - shares	9 Months Ended
	Sep. 30, 2022	Nov. 03, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	000-56304
Entity Registrant Name	GOLD ROCK HOLDINGS, INC.
Entity Central Index Key	0000894501
Entity Tax Identification Number	87-0434297
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	2020 General Booth Blvd.
Entity Address, Address Line Two	Suite 230
Entity Address, City or Town	Virginia Beach
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23454
City Area Code	(757)
Local Phone Number	306-6090
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		87,482,208

XML

CONDENSED BALANCE SHEETS - UNAUDITED - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current Assets
Cash	$ 1,300	$ 1,700
Total Current Assets	1,300	1,700
Total Assets	1,300	1,700
Current Liabilities
Accounts Payable and Accrued Expenses	18,158	9,285
Accrued Board of Director Compensation	31,000	1,000
Total Current Liabilities	49,158	10,285
Total Liabilities	49,158	10,285
Stockholders’ Deficit
Common Stock - $0.001 Par; 850,000,000 Shares Authorized, 87,482,208 and 87,382,208 Issued and Outstanding, Respectively	87,482	87,382
Additional Paid-In-Capital	137,344	103,577
Accumulated Deficit	(272,684)	(199,544)
Total Stockholders’ Deficit	(47,858)	(8,585)
Total Liabilities and Stockholders’ Deficit	$ 1,300	$ 1,700

XML

CONDENSED BALANCE SHEETS - UNAUDITED (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock shares authorized	850,000,000	850,000,000
Common stock shares issued	87,482,208	87,382,208
Common stock shares outstanding	87,482,208	87,382,208

XML

CONDENSED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Sales
Cost of Sales
Gross Profit
Operating Expenses
Board of Director Compensation			30,000	30,000
Consulting	3,500	3,000	9,500	9,000
General and Administrative	8,041	17,024	33,640	41,927
Total Expenses	11,541	20,024	73,140	80,927
Net Loss for the Period	$ (11,541)	$ (20,024)	$ (73,140)	$ (80,927)
Weighted Average Number of Common Shares - Basic and Diluted	87,482,208	87,290,368	87,454,369	75,087,284
Net Loss for the Period Per Common Shares - Basic and Diluted	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)

XML

CONDENSED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash Flows from Operating Activities
Net Loss for the Period	$ (73,140)	$ (80,927)
Non-Cash Adjustments:
Common Shares Issued for Professional Services	1,000	3,100
Common Shares Issued for Consulting		3,000
Common Shares Issued for Consulting		29,000
Changes in Assets and Liabilities:
Prepaid Expenses		100
Accounts Payable and Accrued Expenses	8,873	6,100
Accrued Board of Directors Compensation	30,000	1,000
Net Cash Flows Used In Operating Activities	(33,267)	(38,627)
Cash Flows from Investing Activities
Cash Flows from Financing Activities
Capital Contributions from Directors	32,867	38,627
Net Cash Flows Provided by Financing Activities	32,867	38,627
Net Change in Cash	(400)
Cash - Beginning of Period	1,700	1,700
Cash - End of Period	1,300	1,700
Cash Paid During the Period for:
Interest
Income Taxes

XML

CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - UNAUDITED - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance - January 1, 2022 at Dec. 31, 2020	$ 47,227	$ (41,927)	$ (107,500)	$ (102,200)
Beginning balance, shares at Dec. 31, 2020	47,227,500
Common Stock Issued for Accrued Expenses & Directors Fees	$ 30,588	73,412		104,000
Common Stock Issued for Accrued Expenses & Directors Fees, shares	30,588,235
Common Stock Issued for Consulting and Director Compensation	$ 9,412	22,588		32,000
Common Stock Issued for Consulting and Director Compensation, shares	9,411,765
Common Stock Issued for Professional Services	$ 133	2,967		3,100
Common Stock Issued for Professional Services, shares	133,047
Capital Contributions - Director		38,627		38,627
Net Loss for the Period			(80,927)	(80,927)
Balance - September 30, 2022 at Sep. 30, 2021	$ 87,360	95,667	(188,427)	(5,400)
Ending balance, shares at Sep. 30, 2021	87,360,547
Balance - January 1, 2022 at Jun. 30, 2021	$ 87,227	71,922	(168,403)	(9,254)
Beginning balance, shares at Jun. 30, 2021	87,227,500
Common Stock Issued for Professional Services	$ 133	2,967		3,100
Common Stock Issued for Professional Services, shares	133,047
Capital Contributions - Director		20,778		20,778
Net Loss for the Period			(20,024)	(20,024)
Balance - September 30, 2022 at Sep. 30, 2021	$ 87,360	95,667	(188,427)	(5,400)
Ending balance, shares at Sep. 30, 2021	87,360,547
Balance - January 1, 2022 at Dec. 31, 2021	$ 87,382	103,577	(199,544)	(8,585)
Beginning balance, shares at Dec. 31, 2021	87,382,208
Common Stock Issued for Professional Services	$ 100	900		$ 1,000
Common Stock Issued for Professional Services, shares	100,000			100,000
Capital Contributions - Director		32,867		$ 32,867
Net Loss for the Period			(73,140)	(73,140)
Balance - September 30, 2022 at Sep. 30, 2022	$ 87,482	137,344	(272,684)	(47,858)
Ending balance, shares at Sep. 30, 2022	87,482,208
Balance - January 1, 2022 at Jun. 30, 2022	$ 87,482	129,261	(261,143)	(44,400)
Beginning balance, shares at Jun. 30, 2022	87,482,208
Capital Contributions - Director		8,083		8,083
Net Loss for the Period			(11,541)	(11,541)
Balance - September 30, 2022 at Sep. 30, 2022	$ 87,482	$ 137,344	$ (272,684)	$ (47,858)
Ending balance, shares at Sep. 30, 2022	87,482,208

XML

Organization & Description of Business

9 Months Ended

Sep. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization & Description of Business

NOTE 1 – Organization & Description of Business

The Company was incorporated in the State of Nevada in February 1997 as Affordable Homes of America. In March 1999 we merged into Kowtow, Inc. and changed our name to Affordable Homes of America, Inc. On October 12, 2000, we changed our name to World Homes, Inc. and on August 23, 2001, we changed our name to Composite Industries of America, Inc. On September 02, 2004, the Company changed its name to Gold Rock Holdings, Inc. On January 08, 2009, the Company did a name change to The Affordable Homes Group, Inc. On March 01, 2011, the Company changed its name to Global Green Group, Inc. On January 09, 2015, the Company changed its name back to Gold Rock Holdings, Inc., the current name of the Company. In 2019, Gold Rock Holdings, Inc. established itself as a provider of engineering and construction management services producing site-plans, construction drawings, cost computations, fiber network designs, and other related construction services. These services assist underground construction companies in laying high-speed fiber-optics and underground cable in areas of the U.S.

XML

Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 2 – Summary of Significant Accounting Policies

Basis of Presentation

The accompanying condensed balance sheet has been derived from the December 31, 2021 audited financial statements and the unaudited condensed financial statements as of September 30, 2022 and 2021, have been prepared in accordance with generally accepted accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited financial statements and related footnotes included in our Annual report on Form 10-K for the year ended December 31, 2021 (the “2021 Annual Report”), filed with the Securities and Exchange Commission (the “SEC”). It is management’s opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for fair condensed financial statements presentation. Operating results for the three and nine months ended September 30, 2022, are not necessarily indicative of the results of operations expected for the year ending December 31, 2022.

Use of Estimates

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

Cash and Cash Equivalents

Cash and cash equivalents may include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States, which periodically may exceed federally insured amounts.

Earnings (Loss) per Share

Earnings (loss) per share of common stock are computed in accordance with FASB ASC 260 “Earnings per Share”. Basic earnings (loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive. Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding and diluted earnings (loss) per share.

Stock-Based Compensation

We account for employee and non-employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation—Stock Compensation, which requires all share-based payments, including grants of stock options, to be recognized in the financial statements based on their fair values. The fair value of the equity instrument is charged directly to compensation expense and credited to additional paid-in capital over the period during which services are rendered.

Fair Value of Financial Instruments

The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable and accrued liabilities approximate fair value given their short-term nature or effective interest rates.

Revenue Recognition

The Company implemented ASC 606, Revenue from Contracts with Customers. These included the development of new policies based on the five-step model provided in the new revenue standard, ongoing contract review requirements, and gathering of information provided for disclosures.

The Company recognizes revenue and cost of goods sold from product sales or services rendered when control of the promised goods are transferred to our clients in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle, we apply the following five steps: identify the contract with the client, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to performance obligations in the contract and recognize revenues when or as the Company satisfies a performance obligation.

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Recently Issued Accounting Standards

9 Months Ended

Sep. 30, 2022

Accounting Changes and Error Corrections [Abstract]

Recently Issued Accounting Standards

NOTE 3 – Recently Issued Accounting Standards

The Company has implemented all new accounting pronouncements that are in effect and is evaluating any that may impact its financial statements, including the new lease standard. The Company does not have any leases and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

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Going Concern

9 Months Ended

Sep. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Going Concern

NOTE 4 – Going Concern

The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has an accumulated deficit of $272,684 and negative working capital of $47,858 at September 30, 2022, which, among other factors, raises substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they are due.

While the Company is attempting to continue operations and generate revenues, the Company’s cash position may not be significant enough to support the Company’s daily operations. Management believes that the actions presently being taken to further implement the Company’s business plan; to expand sales with a dynamic marketing campaign and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues. During the three months ended September 30, 2022, due to lack of revenues the officers of the Company paid for all expenses through additional paid in capital to the Company. This allowed the Company to continue as a going concern.

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Related Party Transactions

9 Months Ended

Sep. 30, 2022

Related Party Transactions [Abstract]

Related Party Transactions

NOTE 5 – Related Party Transactions

During the nine months ended September 30, 2022 and 2021, the two board of directors paid all expenses of the Company in the amount of $32,867 and $38,627, respectively. The amount paid during the nine months ended September 30, 2022 and 2021 was not to be reimbursed therefore, additional paid in capital was increased by $32,867 and $38,627, respectively for the periods then ended.

The Company has a consulting agreement with a majority shareholder/board of director. The agreement is for $1,000 monthly. Consulting expense for each of the three and nine months ended September 30, 2022 and 2021 was $3,000 and $9,000, respectively and is included in accounts payable in the amount of $18,000 and $9,000 at September 30, 2022 and December 31, 2021, respectively.

The Company has a 5 year compensation agreement with its Board Chairman beginning January 1, 2022 and ending on December 31, 2026. Compensation is an annual fee of $30,000, due in the following month of January. Board of director compensation for each of the three and nine months ended September 30, 2022 and 2021 was $-0- and $30,000, respectively and is included in accrued board of director compensation in the amount of $31,000 and $1,000 at September 30, 2022 and December 31, 2021, respectively.

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Stock

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Stock

NOTE 6 – Stock

Preferred Stock

Preferred stock consists of 50,000,000 shares authorized at $0.001 par value. Preferred stock are blank check and have no conversion, dividend or voting rights. At September 30, 2022 and December 31, 2021 there were -0- preferred shares issued and outstanding.

Common Stock

Common stock consists of 850,000,000 shares authorized at $0.001 par value. At September 30, 2022 and December 31, 2021 there were 87,482,208 and 87,382,208 shares issued and outstanding, respectively.

During the nine months ended September 30, 2021, the Company issued 30,588,235 shares to pay $90,000 of accrued board of director compensation and accrued consulting of $14,000 that was included on the balance sheet at December 31, 2020. The shares value was based on the market price of the Company’s common stock of $0.0034 on the measurement date.

During the nine months ended September 30, 2021, the Company issued 9,411,765 shares to pay $32,000 of board of director compensation and consulting services of $3,000 that was included in the statement of operations at September 30, 2021. The shares value was based on the market price of the Company’s common stock of $0.0034 on the measurement date.

During the nine months ended September 30, 2022, the Company issued 100,000 shares to pay $1,000 of professional services that was included in the statement of operations at September 30, 2022. The shares value was based on the market price of the Company’s common stock of on the measurement dates.

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Risks and Uncertainties

9 Months Ended

Sep. 30, 2022

Risks and Uncertainties [Abstract]

Risks and Uncertainties

NOTE 7 – Risks and Uncertainties

Coronavirus Impact (COVID-19)

Due to the recent outbreak of the coronavirus reported in many countries worldwide, local and federal governments have issued travel advisories, canceled large scale public events and closed schools. In addition, companies have begun to cancel conferences and travel plans and require employees to work from home. Global financial markets have also experienced extreme volatility and disruptions to capital and credit markets.

We are unable to predict the impact of the coronavirus on our operations at this time. Adverse events such as health-related concerns about working in our offices, the inability to travel, potential impact on our business partners and customers, and other matters affecting the general work and business environment could harm our business and delay the implementation of our business strategy. The adverse events may also adversely impact our ability to raise capital or to continue as a going concern. We continue to monitor the recent outbreak of the coronavirus on our operations.

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Summary of Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The accompanying condensed balance sheet has been derived from the December 31, 2021 audited financial statements and the unaudited condensed financial statements as of September 30, 2022 and 2021, have been prepared in accordance with generally accepted accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited financial statements and related footnotes included in our Annual report on Form 10-K for the year ended December 31, 2021 (the “2021 Annual Report”), filed with the Securities and Exchange Commission (the “SEC”). It is management’s opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for fair condensed financial statements presentation. Operating results for the three and nine months ended September 30, 2022, are not necessarily indicative of the results of operations expected for the year ending December 31, 2022.

Use of Estimates

Use of Estimates

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

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents may include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States, which periodically may exceed federally insured amounts.

Earnings (Loss) per Share

Earnings (Loss) per Share

Earnings (loss) per share of common stock are computed in accordance with FASB ASC 260 “Earnings per Share”. Basic earnings (loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive. Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding and diluted earnings (loss) per share.

Stock-Based Compensation

Stock-Based Compensation

We account for employee and non-employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation—Stock Compensation, which requires all share-based payments, including grants of stock options, to be recognized in the financial statements based on their fair values. The fair value of the equity instrument is charged directly to compensation expense and credited to additional paid-in capital over the period during which services are rendered.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable and accrued liabilities approximate fair value given their short-term nature or effective interest rates.

Revenue Recognition

Revenue Recognition

The Company implemented ASC 606, Revenue from Contracts with Customers. These included the development of new policies based on the five-step model provided in the new revenue standard, ongoing contract review requirements, and gathering of information provided for disclosures.

The Company recognizes revenue and cost of goods sold from product sales or services rendered when control of the promised goods are transferred to our clients in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle, we apply the following five steps: identify the contract with the client, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to performance obligations in the contract and recognize revenues when or as the Company satisfies a performance obligation.

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Going Concern (Details Narrative) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 272,684	$ 199,544
Working capital	$ 47,858

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Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Related Party Transactions [Abstract]
Related parties amount of transaction			$ 32,867	$ 38,627
Increase in additional paid in capital			32,867	38,627
Agreement monthly charges			1,000
Consulting expense	$ 3,000		9,000
Accounts payable	18,000		$ 18,000		$ 9,000
Related party transactions description			The Company has a 5 year compensation agreement with its Board Chairman beginning January 1, 2022 and ending on December 31, 2026. Compensation is an annual fee of $30,000, due in the following month of January.
Board of director compensation	0	$ 30,000	$ 0	$ 30,000
Accrued board of director compensation	$ 31,000		$ 31,000		$ 1,000

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Stock (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Preferred stock, shares authorized		50,000,000		50,000,000
Preferred stock, par value (in Dollars per share)		$ 0.001		$ 0.001
Preferred stock, shares issued		0		0
Preferred stock, shares outstanding		0		0
Common stock, shares authorized		850,000,000		850,000,000
Common stock, par value		$ 0.001		$ 0.001
Common stock, shares issued		87,482,208		87,382,208
Common stock, shares outstanding		87,482,208		87,382,208
Common stock issued for consulting and director compensation			$ 32,000
Shares issued for services		100,000
Shares issued for services, value	$ 3,100	$ 1,000	$ 3,100
For Accrued Board Of Director Compensation [Member]
Class of Stock [Line Items]
Shares issued			30,588,235
Shares issued, value			$ 90,000
Accrued consulting					$ 14,000
Shares issued price, par share		$ 0.0034
Common stock issued for consulting and director compensation, shares			9,411,765
Common stock issued for consulting and director compensation			$ 32,000
Consulting services			$ 3,000
Transaction price for services, par share		$ 0.0034