0001684688
2019-05-03
0001684688
2017-12-31
0001684688
2018-12-31
0001684688
srt:MaximumMember
2016-07-27
2016-12-31
0001684688
srt:MinimumMember
2016-07-27
2016-12-31
0001684688
JUPGF:BrazilMineralsMember
2018-12-31
0001684688
2017-01-01
2017-12-31
0001684688
2018-01-01
2018-12-31
0001684688
2016-07-27
2016-12-31
0001684688
2016-07-26
0001684688
2016-12-31
0001684688
us-gaap:PreferredStockMember
2016-07-27
2016-12-31
0001684688
us-gaap:PreferredStockMember
2017-01-01
2017-12-31
0001684688
us-gaap:PreferredStockMember
2018-01-01
2018-12-31
0001684688
us-gaap:PreferredStockMember
2016-07-26
0001684688
us-gaap:PreferredStockMember
2016-12-31
0001684688
us-gaap:PreferredStockMember
2017-12-31
0001684688
us-gaap:PreferredStockMember
2018-12-31
0001684688
us-gaap:CommonStockMember
2016-07-27
2016-12-31
0001684688
us-gaap:CommonStockMember
2017-01-01
2017-12-31
0001684688
us-gaap:CommonStockMember
2018-01-01
2018-12-31
0001684688
us-gaap:CommonStockMember
2016-07-26
0001684688
us-gaap:CommonStockMember
2016-12-31
0001684688
us-gaap:CommonStockMember
2017-12-31
0001684688
us-gaap:CommonStockMember
2018-12-31
0001684688
us-gaap:AdditionalPaidInCapitalMember
2016-07-27
2016-12-31
0001684688
us-gaap:AdditionalPaidInCapitalMember
2017-01-01
2017-12-31
0001684688
us-gaap:AdditionalPaidInCapitalMember
2018-01-01
2018-12-31
0001684688
us-gaap:AdditionalPaidInCapitalMember
2016-07-26
0001684688
us-gaap:AdditionalPaidInCapitalMember
2016-12-31
0001684688
us-gaap:AdditionalPaidInCapitalMember
2017-12-31
0001684688
us-gaap:AdditionalPaidInCapitalMember
2018-12-31
0001684688
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2016-07-27
2016-12-31
0001684688
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2017-01-01
2017-12-31
0001684688
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-01-01
2018-12-31
0001684688
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2016-07-26
0001684688
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2016-12-31
0001684688
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2017-12-31
0001684688
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2018-12-31
0001684688
us-gaap:RetainedEarningsMember
2016-07-27
2016-12-31
0001684688
us-gaap:RetainedEarningsMember
2017-01-01
2017-12-31
0001684688
us-gaap:RetainedEarningsMember
2018-01-01
2018-12-31
0001684688
us-gaap:RetainedEarningsMember
2016-07-26
0001684688
us-gaap:RetainedEarningsMember
2016-12-31
0001684688
us-gaap:RetainedEarningsMember
2017-12-31
0001684688
us-gaap:RetainedEarningsMember
2018-12-31
0001684688
JUPGF:ComputersAndOfficeEquipmentMember
2018-12-31
0001684688
us-gaap:MachineryAndEquipmentMember
2018-12-31
0001684688
us-gaap:VehiclesMember
2018-12-31
0001684688
JUPGF:ComputersAndOfficeEquipmentMember
2017-12-31
0001684688
us-gaap:MachineryAndEquipmentMember
2017-12-31
0001684688
us-gaap:VehiclesMember
2017-12-31
0001684688
JUPGF:MineracaoJupiterLtdaMember
2016-07-28
0001684688
2016-01-01
2016-12-31
0001684688
srt:MaximumMember
2018-01-01
2018-12-31
0001684688
srt:MinimumMember
2018-01-01
2018-12-31
0001684688
srt:MinimumMember
2018-12-31
0001684688
srt:MaximumMember
2018-12-31
0001684688
srt:MinimumMember
2017-01-01
2017-12-31
0001684688
srt:MaximumMember
2017-01-01
2017-12-31
0001684688
2018-09-01
2018-09-18
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
xbrli:pure
4634599
0.001
0.001
10000000
10000000
1
1
1
1
0.001
0.001
40000000
40000000
250000
64519
1.00
1.00
1.00
1.13
1.25
1.00
1.00
1.00
1.25
283
246
270
670000
365000
610000
363443
204319
302002
Black-Scholes option
pricing model
Black-Scholes option
pricing model
Black-Scholes option
pricing model
0.6308
0.6308
0.6308
0.0193
0.0193
0.0294
0.0225
P5Y
P5Y
P5Y
8525
2044
Jupiter Gold Corp
0001684688
20-F
2018-12-31
false
--12-31
Yes
Non-accelerated Filer
FY
2018
0
1250
254000
1.00
340601
277698
2044
2044
134315
98620
803
90427
7390
122939
11376
204242
177034
119599
172095
4290
3662
80353
1277
15366
10454
15366
10454
-778104
-1179869
1227
10682
1097682
1431796
4430
4635
4000
340601
277698
325235
267244
0
-34726
0
0
4000
4430
4635
0
302002
1097682
1431796
0
-259
1227
10682
0
-340469
-778104
-1179869
15366
10454
4429599
4634599
4000000
4429599
4634599
8525
-436141
-401765
-340714
436141
410290
340714
363443
204319
302002
302002
363443
204319
64645
194561
16918
8053
11410
21794
-437635
-401765
-340728
-340728
-437635
-401765
-437635
-401765
-340728
-0.11
-0.09
-0.20
4091266
4313048
1715847
-436149
-392310
-340987
1486
9455
-259
7736
17978
616
365243
329319
302002
-166230
-82989
12225
-101433
-24354
37826
4304
-4167
12509
-4445
-6552
-803
-9153
6552
803
7109
80353
1277
2528
77825
-78582
3072
507
210
250100
5000
250100
5000
1367
130594
4000
4000
1486
9455
-259
1486
9455
259
250100
5000
250
5
249850
4995
3167
125000
3
200
3164
124800
179400
177
179223
0
1
1
1
0
4000000
4429599
4634599
1
4000000
250100
5000
3167
200000
176332
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 1 – ORGANIZATION, BUSINESS AND
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Organization and Description of Business</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 27, 2016, Jupiter Gold Corporation
("Jupiter Gold" or the "Company") was incorporated under the laws of the Republic of the Marshall Islands. Concurrently,
Brazil Minerals, Inc. ("Brazil Minerals"), a U.S. corporation, exchanged its 99.99% ownership in Mineração Jupiter
Ltda ("MJL"), a Brazilian company, for 4,000,000 shares of Jupiter Gold's common stock. Brazil Minerals held an approximate
51.7% interest in the Company as of December 31, 2018. The remaining 0.01% in MJL that was not exchanged is to accommodate regulations
in Brazil that require a minimum of two owners in a company. This additional 0.01% ownership interest is held by a director of
Jupiter Gold.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is a producer of gold from the
modular gold recovery plant that it owns and which is located in a mining concession in Brazil. Additionally, Jupiter Gold owns
nine mineral rights for gold and two mineral rights for manganese, all in exploratory phase and located in known mining districts
in Brazil.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 16, 2016, Jupiter Gold's Registration
Statement on Form F-1 was declared effective by the Securities and Exchange Commission ("SEC"). In 2017, Jupiter Gold conducted
an initial public offering of its common stock in which $254,000 in gross proceeds were raised at a price of $1.00 per common share.
The Company trades on the OTC Pink Market under the symbol JUPGF.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><i><u>Basis of Presentation</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The consolidated financial
statements of the Company have been prepared in accordance with generally accepted accounting principles ("GAAP") of the
United States of America and are expressed in United States dollars. For the years ended December 31, 2018 and 2017 and the period
ending December 31, 2016, the consolidated financial statements include the accounts of the Company and its 99.99% owned subsidiary,
Mineração Jupiter Ltda.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">All material intercompany
accounts and transactions have been eliminated in consolidation.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Use of Estimates</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in
conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingencies at the date of the financial statements and the reported amount of revenues and expenses
during the reporting period. Actual results may differ from those estimates.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Going Concern</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements have
been prepared on a going concern basis which contemplates the realization of assets and the settlement of liabilities in the normal
course of business. The Company has limited working capital, has incurred losses since its inception, and has not yet generated
material revenues from the sale of its products or services. These factors create substantial doubt about the Company's ability
to continue as a going concern. The consolidated financial statements do not include any adjustment that might be necessary if
the Company is unable to continue as a going concern.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The ability of the Company to continue as
a going concern is dependent on the Company generating cash from its operations, the sale of its stock and/or obtaining debt financing.
During the year ended December 31, 2018, the Company funded operations primarily through the sale of equity securities and to
a lessor effect the receipt of proceeds from gold sales. Management's plan to fund its capital requirements and ongoing operations
include an increase in cash received from sales of gold and minerals recovered from mining areas that the Company expects will
become operational during 2019. Management's secondary plan to cover any shortfall is selling its equity securities and obtaining
debt financing. There can be no assurance the Company will be successful in these efforts.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Fair Value of Financial Instruments</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Jupiter Gold follows the guidance of Accounting
Standards Codification ("ASC") Topic 820 – Fair Value Measurement and Disclosure. Fair value is defined as the exit
price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between
market participants as of the measurement date. The guidance also establishes a hierarchy for inputs used in measuring fair value
that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable
inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability and
are developed based on market data obtained from sources independent of Jupiter Gold. Unobservable inputs are inputs that reflect
Jupiter Gold's assumptions about the factors market participants would use in valuing the asset or liability. The guidance establishes
three levels of inputs that may be used to measure fair value:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 1. Observable inputs such as quoted
prices in active markets;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 2. Inputs, other than the quoted
prices in active markets, that are observable either directly or indirectly; and</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 3. Unobservable inputs in which
there is little or no market data, which require the reporting entity to develop its own assumptions.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2018, Jupiter Gold did not
have any level 2 or 3 assets or liabilities. </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Jupiter Gold's financial instruments consist
of cash and cash equivalents, accounts payable, and accrued expenses. The carrying amount of these financial instruments approximates
fair value due to either length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed
in these consolidated financial statements.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Cash and Cash Equivalents</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company considers all highly liquid instruments
purchased with a maturity of three months or less to be cash equivalents to the extent that the funds are not being held for investment
purposes. Funds held in Brazilian banks are insured up to 250,000 Brazilian Real (approximately $64,519 based on the December 31,
2018 exchange rate).</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Property and Equipment</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Property and equipment are stated at cost.
Major improvements and betterments are capitalized. Maintenance and repairs are expensed as incurred. Depreciation is computed
using the straight-line method over the estimated useful life. At the time of retirement or other disposition of property and equipment,
the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is reflected in the statements
of operations as other gain or loss, net.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The diamond and gold processing plant and other
machinery are depreciated over an estimated useful life of ten years; vehicles are depreciated over an estimated life of five years;
and computer and other office equipment over an estimated useful life of three years.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><i><u>Mineral Properties</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Costs of exploration,
carrying and retaining unproven mineral lease properties are expensed as incurred. Mineral property acquisition costs, including
licenses and lease payments, are capitalized. Impairment losses are recorded on mineral properties used in operations when indicators
of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets'
carrying amount. As of December 31, 2018 and 2017, Jupiter Gold did not recognize any impairment losses related to mineral properties
held.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">For intangible assets
purchased in a business combination, the estimated fair values of the assets received are used to establish their recorded values.
For intangible assets acquired in a non-monetary exchange, the estimated fair values of the assets transferred (or the estimated
fair values of the assets received, if more clearly evident) are used to establish their recorded values, unless the values of
neither the assets received nor the assets transferred are determinable within reasonable limits, in which case the assets received
are measured based on the carrying values of the assets transferred. Valuation techniques consistent with the market approach,
income approach and/or cost approach are used to measure fair value. Intangible assets consist of mineral rights held by MJL and
hold a recorded value of $2,044, the cost of fees paid to the Brazilian national mining department. These rights are held in perpetuity
provided the Company remains in compliance with various government regulations and industry requirements.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><i><u>Impairment of Long-Lived Assets</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">For long-lived assets,
such as property and equipment and intangible assets subject to amortization, Jupiter Gold continually monitors events and changes
in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes
in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying
value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is
less than the carrying amount of those assets, Jupiter Gold recognizes an impairment loss based on the excess of the carrying amount
over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value
less costs to sell. </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><i><u>Revenue Recognition</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">The Company generates
revenue from the sale of gold and other minerals excavated from its modular gold recovery plant located in a mining concession
in Brazil.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">On January 1, 2018, the
Company adopted ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"), using the modified retrospective method
applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January
1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported in accordance with
our historic accounting under ASC 605. As of December 31, 2018, the consolidated financial statements were not materially impacted
as a result of the application of Topic 606 compared to Topic 605.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">The Company recognizes
revenue under ASC 606, Revenue from Contracts with Customers. The core principle of the new revenue standard is that a company
should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration
to which the company expects to be entitled in exchange for those goods or services. The following five steps are applied to achieve
that core principle:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">Step 1: Identify the contract with the customer</font></td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">Step 2: Identify the performance obligations in the contract</font></td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">Step 3: Determine the transaction price</font></td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">Step 4: Allocate the transaction price to the performance obligations in the contract</font></td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">Step 5: Recognize revenue when the company satisfies a performance obligation</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">  </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">In order to identify the
performance obligations in a contract with a customer, a company must assess the promised goods or services in the contract and
identify each promised good or service that is distinct. A performance obligation meets ASC 606's definition of a "distinct"
good or service (or bundle of goods or services) if both of the following criteria are met:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">The customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer</font></td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">The entity's promise to transfer the good or service to the customer is separately identifiable from other promises in the contract </font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">If a good or service is
not distinct, the good or service is combined with other promised goods or services until a bundle of goods or services is identified
that is distinct.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">The transaction price
is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services
to a customer. The consideration promised in a contract with a customer may include fixed amounts, variable amounts, or both. When
determining the transaction price, an entity must consider the effects of all of the following:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">Variable consideration</font></td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">Constraining estimates of variable consideration</font></td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">The existence of a significant financing component in the contract</font></td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">Noncash consideration</font></td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">Consideration payable to a customer</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">Variable consideration
is included in the transaction price only to the extent that it is probable that a significant reversal in the amount of cumulative
revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.7pt">The transaction price
is allocated to each performance obligation on a relative standalone selling price basis.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.7pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">The transaction price
allocated to each performance obligation is recognized when that performance obligation is satisfied, at a point in time or over
time as appropriate.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Stock-Based Compensation</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company records stock-based compensation
in accordance with ASC Topic 718, Compensation - Stock Compensation. ASC 718 requires companies to measure compensation cost for
stock-based employee compensation at fair value at the grant date and recognize the expense over the employee's requisite service
period. Under ASC 718, volatility is based on the historical volatility of our stock or the expected volatility of the stock of
similar companies. The expected life assumption is primarily based on historical exercise patterns and employee post-vesting termination
behavior. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at
the time of grant.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company utilizes the Black-Scholes option-pricing
model, which was developed for use in estimating the fair value of options. Option-pricing models require the input of highly complex
and subjective variables including the expected life of options granted and the expected volatility of our stock price over a period
equal to or greater than the expected life of the options. Because changes in the subjective assumptions can materially affect
the estimated value of our employee stock options, it is management's opinion that the Black-Scholes option-pricing model may not
provide an accurate measure of the fair value of our employee stock options. Although the fair value of employee stock options
is determined in accordance with ASC Topic 718 using an option-pricing model, that value may not be indicative of the fair value
observed in a willing buyer/willing seller market transaction.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Foreign Currency</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Jupiter Gold's subsidiary, MJL, uses its local
currency as its functional currency. Resulting translation gains or losses are recognized as a component of accumulated other
comprehensive income. Transaction gains or losses related to balances denominated in a currency other than the functional currency
are recognized in the consolidated statements of operations.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Basic Earnings (Loss) Per Share</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company computes loss per share in accordance
with ASC Topic 260, Earnings per Share, which requires presentation of both basic and diluted earnings per share on the face of
the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted
average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common
shares outstanding during the period. As of December 31, 2018, the Company's potentially dilutive securities relate to common stock
issuable in connection with options. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><i><u>Recent Accounting Pronouncements</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2016, the FASB issued ASU 2016-02,
“Leases (Topic 842)” (“ASC 842”) that amends the accounting guidance on leases for both lessees and lessors.
The new standard establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease
liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or
operating, with classification affecting the pattern of expense recognition in the income statement. The FASB also subsequently
issued amendments to the standard, including providing an additional and optional transition method to adopt the new standard,
described below, as well as certain practical expedients related to land easements and lessor accounting. The amendments in this
accounting standard update are effective for the Company on January 1, 2019, with early adoption permitted. The Company will adopt
this accounting standard update effective January 1, 2019.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accounting standard update originally required
the use of a modified retrospective approach reflecting the application of the standard to leases existing at, or entered into
after, the beginning of the earliest comparative period presented in the financial statements with the option to elect certain
practical expedients. A subsequent amendment to the standard provides an additional and optional transition method that allows
entities to initially apply the new leases standard at the adoption date and recognize a cumulative effect adjustment to the opening
balance of retained earnings in the period of adoption. Consequently, an entity’s reporting for the comparative periods presented
in the financial statements in which it adopts the new leases standard will continue to be in accordance with ASC Topic 840 if
the optional transition method is elected. The Company plans to adopt the standard using the optional transition method with no
restatement of comparative periods and a cumulative effect adjustment, if any, recognized as of the date of adoption. The Company
does not expect that this standard to have a material effect on its consolidated financial statements due to the recognition of
new ROU assets and lease liabilities for lessee activities.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As part of the implementation process, the
Company assessed its lease arrangements and evaluated practical expedient and accounting policy elections to meet the reporting
requirements of this standard. The Company has also evaluated the changes in controls and processes that are necessary to implement
the new standard, and no material changes were required. The new standard provides a number of optional practical expedients in
transition. The Company expects to elect the ‘package of practical expedients’ which permits us not to reassess under
the new standard the prior conclusions about lease identification, lease classification, and initial direct costs. The Company
does not expect to elect the use-of-hindsight or the practical expedient pertaining to land easements; the latter not being applicable
to the Company. Consequently, on adoption, the Company expects to recognize additional operating liabilities ranging from $22,000
to $43,000, with corresponding ROU assets of approximately the same amount based on the present value of the remaining minimum
rental payments under current leasing standards for existing operating leases.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The new standard also provides practical expedients
for an entity’s ongoing accounting. The Company currently expects to elect the short-term lease recognition exemption for
all leases that qualify. As a result, for those leases that qualify, the Company will not recognize ROU assets or lease liabilities,
including for existing short-term leases of those assets in transition. The Company also currently expects to elect the practical
expedient to not separate lease and non-lease components for the majority of its leases as both lessee and lessor. </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In June 2018, the FASB issued ASU 2018-07,
<i>Compensation - Stock Compensation (Topic 718)</i> which simplifies certain aspects of the accounting for nonemployee share-based
payment transactions resulting from expanding the scope of Topic 718, <i>Compensation - Stock Compensation</i>, to include share-based
payment transactions for acquiring goods and services from nonemployees. Certain areas of the simplification apply only to nonpublic
entities. The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods
or services to be used or consumed in a grantor's own operations by issuing share-based payment awards. The amendments also clarify
that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted
in conjunction with selling goods or services to customers as part of a contract accounted for under Topic 606, <i>Revenue from
Contracts with Customers</i>. The amendments of the ASU are effective for public business entities for fiscal years beginning after
December 15, 2018, including interim periods within that fiscal year. Early adoption is permitted. We are currently evaluating
the impact of the adoption of this standard on our consolidated financial statements.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We have reviewed other recent accounting pronouncements
issued to the date of the issuance of these consolidated financial statements, and we do not believe any of these pronouncements
will have a material impact on the Company. </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 2 –ACQUISITIONS</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Mineração Jupiter Ltda. ("MJL")</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 27, 2016, Jupiter Gold acquired from
Brazil Minerals a 99.99% ownership in MJL in exchange for 4,000,000 shares of Jupiter Gold's common stock, plus Brazil Minerals'
agreement to pay the par value cost of such shares amounting to $4,000. Since this acquisition was made from a related party, all
assets and liabilities were reflected at cost, and no goodwill was recognized on the transaction.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>NOTE 3 – COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Property and Equipment, Net</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table sets forth the components of the Company's property
and equipment at December 31, 2018 and December 31, 2017:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: bottom">
<td style="text-align: center"> </td>
<td> </td>
<td colspan="10" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt; line-height: 106%"><b>December 31, 2018</b></font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="10" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt; line-height: 106%"><b>December 31, 2017</b></font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom">
<td style="text-align: center"> </td>
<td> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt; line-height: 106%">Cost</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt; line-height: 106%">Accumulated Depreciation</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Net Book</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Value</p></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt; line-height: 106%">Cost</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt; line-height: 106%">Accumulated Depreciation</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Net Book</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Value</p></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom">
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2"> </td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2"> </td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2"> </td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2"> </td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2"> </td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom">
<td style="width: 28%"><font style="font-size: 10pt; line-height: 106%">Computers and office equipment</font></td>
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="width: 9%; text-align: right"><font style="font-size: 10pt; line-height: 106%">803</font></td>
<td style="white-space: nowrap; width: 1%"> </td>
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="width: 9%; text-align: right"><font style="font-size: 10pt; line-height: 106%">(–</font></td>
<td style="white-space: nowrap; width: 1%"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="width: 9%; text-align: right"><font style="font-size: 10pt; line-height: 106%">803</font></td>
<td style="white-space: nowrap; width: 1%"> </td>
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="width: 9%; text-align: right"><font style="font-size: 10pt; line-height: 106%">–</font></td>
<td style="white-space: nowrap; width: 1%"> </td>
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="width: 9%; text-align: right"><font style="font-size: 10pt; line-height: 106%">(–</font></td>
<td style="white-space: nowrap; width: 1%"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="width: 9%; text-align: right"><font style="font-size: 10pt; line-height: 106%">–</font></td>
<td style="white-space: nowrap; width: 1%"> </td></tr>
<tr style="vertical-align: bottom; background-color: #CCEEFF">
<td><font style="font-size: 10pt; line-height: 106%">Machinery and equipment</font></td>
<td> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">145,287</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">(54,860</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">90,427</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">170,180</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">(47,241</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">122,939</font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td><font style="font-size: 10pt; line-height: 106%">Vehicles</font></td>
<td> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">11,614</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">(4,224</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">7,390</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">13,603</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">(2,227</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">11,376</font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: #CCEEFF">
<td><font style="font-size: 10pt; line-height: 106%">Total fixed assets</font></td>
<td> </td>
<td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt; line-height: 106%">157,704</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt; line-height: 106%">(59,084</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td> </td>
<td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt; line-height: 106%">98,620</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt; line-height: 106%">183,783</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt; line-height: 106%">(49,468</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td> </td>
<td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt; line-height: 106%">134,315</font></td>
<td style="white-space: nowrap"> </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the years ended December 31, 2018 and 2017,
the Company recorded depreciation expense of $17,978 and $7,736, respectively. For the period ended December 31, 2016, the Company
recorded depreciation expense of $616.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Related Party Receivables</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2018, related party receivables
totaled $172,095. This amount was comprised of the following components, (i) $78,242 is owed from a Brazil Minerals subsidiary
to MJL for expenses paid on behalf of such subsidiary and (ii) $93,853 is owed from Brazil Minerals for short term loans made and
expenses paid by Jupiter Gold and MJL.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2017, related party receivables
totaled $119,599. This amount was comprised of the following components, (i) $74,030 is owed from a Brazil Minerals subsidiary
to MJL for expenses paid on behalf of such subsidiary and (ii) $45,569 is owed from Brazil Minerals for short term loans made and
expenses paid by Jupiter Gold and MJL.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 5 – COMMITMENTS AND CONTINGENCIES</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Service Agreement</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Jupiter Gold had a contractual agreement with
Brazil Minerals by which it used that company's infrastructure in Brazil, including office and some personnel time, for $2,500
monthly. This agreement was terminated effective April 1, 2017. All amounts under this agreement were paid as of December 31, 2017.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Commencing November 1, 2017, Jupiter Gold established
a similar cost sharing arrangement with Brazil Minerals whereby it agreed to pay $1,250 per month for support services including
facilities and personnel.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Loans</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Jupiter Gold and MJL have, from time to time,
received loans from Brazil Minerals and its subsidiaries. These loans, when made, bear no interest and are payable on demand.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Monthly Honorarium</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">MJL pays as honorarium to its administrator, Jupiter Gold's Chief
Executive Officer, the minimum monthly salary as set annually by the Brazilian government. The minimum monthly salary was approximately
$246 (or 954 Brazilian Reais) during 2018, $283 (or 937 Brazilian Reais) during 2017, and $270 (or 880 Brazilian Reais) during
2016.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Organization and Description of Business</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 27, 2016, Jupiter Gold Corporation
("Jupiter Gold" or the "Company") was incorporated under the laws of the Republic of the Marshall Islands. Concurrently,
Brazil Minerals, Inc. ("Brazil Minerals"), a U.S. corporation, exchanged its 99.99% ownership in Mineração Jupiter
Ltda ("MJL"), a Brazilian company, for 4,000,000 shares of Jupiter Gold's common stock. Brazil Minerals held an approximate
51.7% interest in the Company as of December 31, 2018. The remaining 0.01% in MJL that was not exchanged is to accommodate regulations
in Brazil that require a minimum of two owners in a company. This additional 0.01% ownership interest is held by a director of
Jupiter Gold.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is a producer of gold from the
modular gold recovery plant that it owns and which is located in a mining concession in Brazil. Additionally, Jupiter Gold owns
nine mineral rights for gold and two mineral rights for manganese, all in exploratory phase and located in known mining districts
in Brazil.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 16, 2016, Jupiter Gold's Registration
Statement on Form F-1 was declared effective by the Securities and Exchange Commission ("SEC"). In 2017, Jupiter Gold conducted
an initial public offering of its common stock in which $254,000 in gross proceeds were raised at a price of $1.00 per common share.
The Company trades on the OTC Pink Market under the symbol JUPGF.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><i><u>Basis of Presentation</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The consolidated financial
statements of the Company have been prepared in accordance with generally accepted accounting principles ("GAAP") of the
United States of America and are expressed in United States dollars. For the years ended December 31, 2018 and 2017 and the period
ending December 31, 2016, the consolidated financial statements include the accounts of the Company and its 99.99% owned subsidiary,
Mineração Jupiter Ltda.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">All material intercompany
accounts and transactions have been eliminated in consolidation.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Use of Estimates</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in
conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingencies at the date of the financial statements and the reported amount of revenues and expenses
during the reporting period. Actual results may differ from those estimates.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Going Concern</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The consolidated financial statements have
been prepared on a going concern basis which contemplates the realization of assets and the settlement of liabilities in the normal
course of business. The Company has limited working capital, has incurred losses since its inception, and has not yet generated
material revenues from the sale of its products or services. These factors create substantial doubt about the Company's ability
to continue as a going concern. The consolidated financial statements do not include any adjustment that might be necessary if
the Company is unable to continue as a going concern.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The ability of the Company to continue as a
going concern is dependent on the Company generating cash from its operations, the sale of its stock and/or obtaining debt financing.
During the year ended December 31, 2018, the Company funded operations primarily through the sale of equity securities and to a
lessor effect the receipt of proceeds from gold sales. Management's plan to fund its capital requirements and ongoing operations
include an increase in cash received from sales of gold and minerals recovered from mining areas that the Company expects will
become operational during 2019. Management's secondary plan to cover any shortfall is selling its equity securities and obtaining
debt financing. There can be no assurance the Company will be successful in these efforts.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Fair Value of Financial Instruments</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Jupiter Gold follows the guidance of Accounting
Standards Codification ("ASC") Topic 820 – Fair Value Measurement and Disclosure. Fair value is defined as the exit
price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between
market participants as of the measurement date. The guidance also establishes a hierarchy for inputs used in measuring fair value
that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable
inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability and
are developed based on market data obtained from sources independent of Jupiter Gold. Unobservable inputs are inputs that reflect
Jupiter Gold's assumptions about the factors market participants would use in valuing the asset or liability. The guidance establishes
three levels of inputs that may be used to measure fair value:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 1. Observable inputs such as quoted
prices in active markets;</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 2. Inputs, other than the quoted
prices in active markets, that are observable either directly or indirectly; and</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Level 3. Unobservable inputs in which
there is little or no market data, which require the reporting entity to develop its own assumptions.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2018, Jupiter Gold did not
have any level 2 or 3 assets or liabilities. </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Jupiter Gold's financial instruments consist
of cash and cash equivalents, accounts payable, and accrued expenses. The carrying amount of these financial instruments approximates
fair value due to either length of maturity or interest rates that approximate prevailing market rates unless otherwise disclosed
in these consolidated financial statements.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Cash and Cash Equivalents</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company considers all highly liquid instruments
purchased with a maturity of three months or less to be cash equivalents to the extent that the funds are not being held for investment
purposes. Funds held in Brazilian banks are insured up to 250,000 Brazilian Real (approximately $64,519 based on the December 31,
2018 exchange rate).</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Property and Equipment</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Property and equipment are stated at cost.
Major improvements and betterments are capitalized. Maintenance and repairs are expensed as incurred. Depreciation is computed
using the straight-line method over the estimated useful life. At the time of retirement or other disposition of property and equipment,
the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is reflected in the statements
of operations as other gain or loss, net.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The diamond and gold processing plant and other
machinery are depreciated over an estimated useful life of ten years; vehicles are depreciated over an estimated life of five years;
and computer and other office equipment over an estimated useful life of three years.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"><i><u>Mineral Properties</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Costs of exploration,
carrying and retaining unproven mineral lease properties are expensed as incurred. Mineral property acquisition costs, including
licenses and lease payments, are capitalized. Impairment losses are recorded on mineral properties used in operations when indicators
of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets' carrying
amount. As of December 31, 2018 and 2017, Jupiter Gold did not recognize any impairment losses related to mineral properties held.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">For intangible assets
purchased in a business combination, the estimated fair values of the assets received are used to establish their recorded values.
For intangible assets acquired in a non-monetary exchange, the estimated fair values of the assets transferred (or the estimated
fair values of the assets received, if more clearly evident) are used to establish their recorded values, unless the values of
neither the assets received nor the assets transferred are determinable within reasonable limits, in which case the assets received
are measured based on the carrying values of the assets transferred. Valuation techniques consistent with the market approach,
income approach and/or cost approach are used to measure fair value. Intangible assets consist of mineral rights held by MJL and
hold a recorded value of $2,044, the cost of fees paid to the Brazilian national mining department. These rights are held in perpetuity
provided the Company remains in compliance with various government regulations and industry requirements.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><i><u>Impairment of Long-Lived Assets</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">For long-lived assets,
such as property and equipment and intangible assets subject to amortization, Jupiter Gold continually monitors events and changes
in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes
in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying
value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is
less than the carrying amount of those assets, Jupiter Gold recognizes an impairment loss based on the excess of the carrying amount
over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value
less costs to sell. </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><i><u>Revenue Recognition</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">The Company generates
revenue from the sale of gold and other minerals excavated from its modular gold recovery plant located in a mining concession
in Brazil.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">On January 1, 2018, the
Company adopted ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"), using the modified retrospective method
applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January
1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported in accordance with
our historic accounting under ASC 605. As of December 31, 2018, the consolidated financial statements were not materially impacted
as a result of the application of Topic 606 compared to Topic 605.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">The Company recognizes
revenue under ASC 606, Revenue from Contracts with Customers. The core principle of the new revenue standard is that a company
should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration
to which the company expects to be entitled in exchange for those goods or services. The following five steps are applied to achieve
that core principle:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px; font: 12pt Times New Roman, Times, Serif"> </td>
<td style="width: 24px; font: 12pt Times New Roman, Times, Serif"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="font: 12pt Times New Roman, Times, Serif; text-align: justify"><font style="font-size: 10pt; line-height: 106%">Step 1: Identify the contract with the customer</font></td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">Step 2: Identify the performance obligations in the contract</font></td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">Step 3: Determine the transaction price</font></td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">Step 4: Allocate the transaction price to the performance obligations in the contract</font></td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">Step 5: Recognize revenue when the company satisfies a performance obligation</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">  </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">In order to identify the
performance obligations in a contract with a customer, a company must assess the promised goods or services in the contract and
identify each promised good or service that is distinct. A performance obligation meets ASC 606's definition of a "distinct"
good or service (or bundle of goods or services) if both of the following criteria are met:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">The customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer</font></td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">The entity's promise to transfer the good or service to the customer is separately identifiable from other promises in the contract </font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">If a good or service is
not distinct, the good or service is combined with other promised goods or services until a bundle of goods or services is identified
that is distinct.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">The transaction price
is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services
to a customer. The consideration promised in a contract with a customer may include fixed amounts, variable amounts, or both. When
determining the transaction price, an entity must consider the effects of all of the following:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">Variable consideration</font></td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">Constraining estimates of variable consideration</font></td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">The existence of a significant financing component in the contract</font></td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">Noncash consideration</font></td></tr>
</table>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
<td style="width: 0px"> </td>
<td style="width: 24px"><font style="font: 10pt/106% Symbol">·</font></td>
<td style="text-align: justify"><font style="font-size: 10pt; line-height: 106%">Consideration payable to a customer</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">Variable consideration
is included in the transaction price only to the extent that it is probable that a significant reversal in the amount of cumulative
revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.7pt">The transaction price
is allocated to each performance obligation on a relative standalone selling price basis.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.7pt"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">The transaction price
allocated to each performance obligation is recognized when that performance obligation is satisfied, at a point in time or over
time as appropriate.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Stock-Based Compensation</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company records stock-based compensation
in accordance with ASC Topic 718, Compensation - Stock Compensation. ASC 718 requires companies to measure compensation cost for
stock-based employee compensation at fair value at the grant date and recognize the expense over the employee's requisite service
period. Under ASC 718, volatility is based on the historical volatility of our stock or the expected volatility of the stock of
similar companies. The expected life assumption is primarily based on historical exercise patterns and employee post-vesting termination
behavior. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at
the time of grant.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company utilizes the Black-Scholes option-pricing
model, which was developed for use in estimating the fair value of options. Option-pricing models require the input of highly complex
and subjective variables including the expected life of options granted and the expected volatility of our stock price over a period
equal to or greater than the expected life of the options. Because changes in the subjective assumptions can materially affect
the estimated value of our employee stock options, it is management's opinion that the Black-Scholes option-pricing model may not
provide an accurate measure of the fair value of our employee stock options. Although the fair value of employee stock options
is determined in accordance with ASC Topic 718 using an option-pricing model, that value may not be indicative of the fair value
observed in a willing buyer/willing seller market transaction.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Foreign Currency</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Jupiter Gold's subsidiary, MJL, uses its local
currency as its functional currency. Resulting translation gains or losses are recognized as a component of accumulated other comprehensive
income. Transaction gains or losses related to balances denominated in a currency other than the functional currency are recognized
in the consolidated statements of operations.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Basic Earnings (Loss) Per Share</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company computes loss per share in accordance
with ASC Topic 260, Earnings per Share, which requires presentation of both basic and diluted earnings per share on the face of
the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted
average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common
shares outstanding during the period. As of December 31, 2018, the Company's potentially dilutive securities relate to common stock
issuable in connection with options. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><i><u>Recent Accounting Pronouncements</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2016, the FASB issued ASU 2016-02,
“Leases (Topic 842)” (“ASC 842”) that amends the accounting guidance on leases for both lessees and lessors.
The new standard establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease
liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or
operating, with classification affecting the pattern of expense recognition in the income statement. The FASB also subsequently
issued amendments to the standard, including providing an additional and optional transition method to adopt the new standard,
described below, as well as certain practical expedients related to land easements and lessor accounting. The amendments in this
accounting standard update are effective for the Company on January 1, 2019, with early adoption permitted. The Company will adopt
this accounting standard update effective January 1, 2019.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accounting standard update originally required
the use of a modified retrospective approach reflecting the application of the standard to leases existing at, or entered into
after, the beginning of the earliest comparative period presented in the financial statements with the option to elect certain
practical expedients. A subsequent amendment to the standard provides an additional and optional transition method that allows
entities to initially apply the new leases standard at the adoption date and recognize a cumulative effect adjustment to the opening
balance of retained earnings in the period of adoption. Consequently, an entity’s reporting for the comparative periods presented
in the financial statements in which it adopts the new leases standard will continue to be in accordance with ASC Topic 840 if
the optional transition method is elected. The Company plans to adopt the standard using the optional transition method with no
restatement of comparative periods and a cumulative effect adjustment, if any, recognized as of the date of adoption. The Company
does not expect that this standard to have a material effect on its consolidated financial statements due to the recognition of
new ROU assets and lease liabilities for lessee activities.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As part of the implementation process, the
Company assessed its lease arrangements and evaluated practical expedient and accounting policy elections to meet the reporting
requirements of this standard. The Company has also evaluated the changes in controls and processes that are necessary to implement
the new standard, and no material changes were required. The new standard provides a number of optional practical expedients in
transition. The Company expects to elect the ‘package of practical expedients’ which permits us not to reassess under
the new standard the prior conclusions about lease identification, lease classification, and initial direct costs. The Company
does not expect to elect the use-of-hindsight or the practical expedient pertaining to land easements; the latter not being applicable
to the Company. Consequently, on adoption, the Company expects to recognize additional operating liabilities ranging from $22,000
to $43,000, with corresponding ROU assets of approximately the same amount based on the present value of the remaining minimum
rental payments under current leasing standards for existing operating leases.</p>
<p style="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The new standard also provides practical expedients
for an entity’s ongoing accounting. The Company currently expects to elect the short-term lease recognition exemption for
all leases that qualify. As a result, for those leases that qualify, the Company will not recognize ROU assets or lease liabilities,
including for existing short-term leases of those assets in transition. The Company also currently expects to elect the practical
expedient to not separate lease and non-lease components for the majority of its leases as both lessee and lessor.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In June 2018, the FASB issued ASU 2018-07,
<i>Compensation - Stock Compensation (Topic 718)</i> which simplifies certain aspects of the accounting for nonemployee share-based
payment transactions resulting from expanding the scope of Topic 718, <i>Compensation - Stock Compensation</i>, to include share-based
payment transactions for acquiring goods and services from nonemployees. Certain areas of the simplification apply only to nonpublic
entities. The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods
or services to be used or consumed in a grantor's own operations by issuing share-based payment awards. The amendments also clarify
that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted
in conjunction with selling goods or services to customers as part of a contract accounted for under Topic 606, <i>Revenue from
Contracts with Customers</i>. The amendments of the ASU are effective for public business entities for fiscal years beginning after
December 15, 2018, including interim periods within that fiscal year. Early adoption is permitted. We are currently evaluating
the impact of the adoption of this standard on our consolidated financial statements.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We have reviewed other recent accounting pronouncements
issued to the date of the issuance of these consolidated financial statements, and we do not believe any of these pronouncements
will have a material impact on the Company. </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table sets forth the components of the Company's property
and equipment at December 31, 2018 and December 31, 2017:</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: bottom">
<td style="text-align: center"> </td>
<td> </td>
<td colspan="10" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt; line-height: 106%"><b>December 31, 2018</b></font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="10" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt; line-height: 106%"><b>December 31, 2017</b></font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom">
<td style="text-align: center"> </td>
<td> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt; line-height: 106%">Cost</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt; line-height: 106%">Accumulated Depreciation</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Net Book</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Value</p></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt; line-height: 106%">Cost</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt; line-height: 106%">Accumulated Depreciation</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Net Book</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Value</p></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom">
<td> </td>
<td> </td>
<td colspan="2"> </td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2"> </td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2"> </td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2"> </td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2"> </td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2"> </td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom">
<td style="width: 28%"><font style="font-size: 10pt; line-height: 106%">Computers and office equipment</font></td>
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="width: 9%; text-align: right"><font style="font-size: 10pt; line-height: 106%">803</font></td>
<td style="white-space: nowrap; width: 1%"> </td>
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="width: 9%; text-align: right"><font style="font-size: 10pt; line-height: 106%">(–</font></td>
<td style="white-space: nowrap; width: 1%"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="width: 9%; text-align: right"><font style="font-size: 10pt; line-height: 106%">803</font></td>
<td style="white-space: nowrap; width: 1%"> </td>
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="width: 9%; text-align: right"><font style="font-size: 10pt; line-height: 106%">–</font></td>
<td style="white-space: nowrap; width: 1%"> </td>
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="width: 9%; text-align: right"><font style="font-size: 10pt; line-height: 106%">(–</font></td>
<td style="white-space: nowrap; width: 1%"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td style="width: 1%"> </td>
<td style="width: 1%"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="width: 9%; text-align: right"><font style="font-size: 10pt; line-height: 106%">–</font></td>
<td style="white-space: nowrap; width: 1%"> </td></tr>
<tr style="vertical-align: bottom; background-color: #CCEEFF">
<td><font style="font-size: 10pt; line-height: 106%">Machinery and equipment</font></td>
<td> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">145,287</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">(54,860</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">90,427</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">170,180</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">(47,241</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">122,939</font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td><font style="font-size: 10pt; line-height: 106%">Vehicles</font></td>
<td> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">11,614</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">(4,224</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">7,390</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">13,603</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">(2,227</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">11,376</font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: #CCEEFF">
<td><font style="font-size: 10pt; line-height: 106%">Total fixed assets</font></td>
<td> </td>
<td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt; line-height: 106%">157,704</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt; line-height: 106%">(59,084</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td> </td>
<td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt; line-height: 106%">98,620</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt; line-height: 106%">183,783</font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt; line-height: 106%">(49,468</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td> </td>
<td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt; line-height: 106%">134,315</font></td>
<td style="white-space: nowrap"> </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following table reflects all outstanding and exercisable options
at December 31, 2018. All stock options are exercisable for a period of five years from the date of issuance.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: bottom">
<td> </td>
<td> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 8pt; line-height: 106%"><b>Number of Options Outstanding</b></font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 8pt; line-height: 106%"><b>Weighted Average Exercise Price</b></font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 8pt; line-height: 106%"><b>Remaining Contractual Life (Years)</b></font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: #CCEEFF">
<td style="width: 67%"><font style="font-size: 10pt; line-height: 106%">Balance, December 31, 2016</font></td>
<td style="width: 1%; text-align: right"> </td>
<td style="width: 1%"> </td>
<td style="width: 8%; text-align: right"><font style="font-size: 10pt; line-height: 106%">610,000</font></td>
<td style="white-space: nowrap; width: 1%"> </td>
<td style="width: 1%; text-align: right"> </td>
<td style="width: 1%"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="width: 8%; text-align: right"><font style="font-size: 10pt; line-height: 106%">1.23</font></td>
<td style="white-space: nowrap; width: 1%"> </td>
<td style="width: 1%; text-align: right"> </td>
<td style="width: 1%"> </td>
<td style="width: 8%; text-align: right"><font style="font-size: 10pt; line-height: 106%">4.88</font></td>
<td style="white-space: nowrap; width: 1%"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td><font style="font-size: 10pt; line-height: 106%">Issued</font></td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">670,000</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">1.00</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">4.59</font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: #CCEEFF">
<td><font style="font-size: 10pt; line-height: 106%">Exercised</font></td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">(–</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">–</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">–</font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td><font style="font-size: 10pt; line-height: 106%">Forfeited</font></td>
<td style="text-align: right"> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">(110,000</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td style="text-align: right"> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">1.16</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">–</font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: #CCEEFF">
<td><font style="font-size: 10pt; line-height: 106%">Balance, December 31, 2017</font></td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">1,170,000</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">1.10</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">4.27</font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td><font style="font-size: 10pt; line-height: 106%">Issued</font></td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">365,000</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">1.00</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">4.46</font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: #CCEEFF">
<td><font style="font-size: 10pt; line-height: 106%">Exercised</font></td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">(–</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">–</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">–</font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td><font style="font-size: 10pt; line-height: 106%">Forfeited</font></td>
<td style="text-align: right"> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">(–</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td style="text-align: right"> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">–</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">–</font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: #CCEEFF">
<td><font style="font-size: 10pt; line-height: 106%">Balance, December 31, 2018</font></td>
<td style="text-align: right"> </td>
<td style="border-bottom: black 2.25pt double"> </td>
<td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt; line-height: 106%">1,535,000</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt; line-height: 106%">1.10</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td style="border-bottom: black 2.25pt double"> </td>
<td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt; line-height: 106%">3.55</font></td>
<td style="white-space: nowrap"> </td></tr>
</table>
0
0
183783
157704
803
145287
11614
170180
13603
7736
17978
616
1170000
1535000
610000
670000
365000
110000
1.10
1.10
1.23
1.00
1.00
1.16
P4Y3M8D
P3Y6M18D
P4Y11M1D
P2Y8M2D
P4Y5M16D
P4Y7M2D
250100
5000
250100
5000
0.0000
0.00
0.0000
false
false
49468
59084
54860
4224
47241
2227
No
No
false
Ranging from $22,000 to $43,000
-1494
-14
1494
14
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>NOTE 4 – STOCKHOLDERS' DEFICIT</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Issued and Authorized</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2018, Jupiter Gold had 4,634,599
shares of its common stock and 1 share of its preferred stock issued and outstanding. As of December 31, 2018, Jupiter Gold had
40 million <font style="background-color: white">common shares and 10 million preferred shares authorized.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Common Stock</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the year ended December 31, 2018, Jupiter
Gold issued and sold 5,000 shares of common stock for cash proceeds of $5,000. Additionally, the Company issued 200,000 shares
of its common stock in exchange for fees and services totaling $125,000, or an average price of $0.63 per share which approximated
fair market value.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the year ended December 31, 2017, Jupiter
Gold issued and sold 250,100 shares of common stock for cash proceeds of $250,100.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 29, 2017, Jupiter Gold agreed
to issue 176,332 shares of common stock on behalf of MJL to purchase various capital assets valued at approximately $175,000 (or
554,000 Brazilian Reais) from BMIX Participações Ltda., a related party.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 29, 2017, Jupiter Gold agreed
to issue 176,332 shares of common stock on behalf of MJL to purchase various capital assets valued at approximately $175,000 (or
554,000 Brazilian Reais) from BMIX Participações Ltda., a related party.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 18, 2017, the Company issued 1,367
shares of common stock with a fair value of $1,367 in satisfaction of certain accounts payable and 1,800 shares of common stock
with a fair value of $1,800 to consultants and other professionals in lieu of cash payments.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 27, 2016, Jupiter Gold issued 4,000,000
shares of its common stock to Brazil Minerals, a related party, with respect to the transaction detailed in Note 1.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i> </i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Preferred A Stock</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Jupiter Gold has issued to one of its directors
one share of a Series A Convertible Preferred Stock ("Preferred A Stock"). The Certificate of Designations, Preferences
and Rights of Preferred A Stock provides that for so long as it is issued and outstanding, its holders shall vote together as a
single class with the holders of the Company's common stock, with the holders of Preferred A Stock being entitled to 51% of the
total votes on all such matters regardless of the actual number of shares of Preferred A Stock then outstanding, and the holders
of common stock are entitled to their proportional share of the remaining 49% of the total votes based on their respective voting
power.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Options</u></i></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the year ended December 31, 2018, the
Company granted to directors as contractual compensation options to purchase an aggregate of 365,000 shares of its common stock.
The options were valued at $204,319 in total. The options were valued using the Black-Scholes option pricing model with the following
average assumptions: our stock price on date of grant ($1.00 to $1.13), the strike price $1.00), expected dividend yield of 0%,
historical volatility of 63.08%, risk-free interest rate of 2.25% to 2.94%, and an expected term of five years.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the year ended December 31, 2017, the
Company granted to directors as contractual compensation options to purchase an aggregate of 670,000 shares of its common stock.
The options were valued at $363,443 in total. The options were valued using the Black-Scholes option pricing model with the following
average assumptions: our stock price on date of grant ($1.00), the strike price ($1.25 or $1.00 according to the specific issuance),
expected dividend yield of 0%, historical volatility of 63.08%, risk-free interest rate of 1.93%, and an expected term of five
years.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the period ended December 31, 2016,
the Company granted to directors as contractual compensation options to purchase an aggregate of 610,000 shares of its common stock.
The options were valued at $302,002 in total. The options were valued using the Black-Scholes option pricing model with the following
average assumptions: our stock price on date of grant ($1.00), the strike price ($1.25 or $1.00 according to the specific issuance),
expected dividend yield of 0%, historical volatility of 63.08%, risk-free interest rate of 1.93%, and an expected term of five
years.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="background-color: white">With
the untimely death of director Paul Durand on December 18, 2017, the 110,000 options awarded to him were forfeited effective as
of December 31, 2017.</font></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The following table reflects all outstanding and exercisable options
at December 31, 2018. All stock options are exercisable for a period of five years from the date of issuance.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: bottom">
<td> </td>
<td> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 8pt; line-height: 106%"><b>Number of Options Outstanding</b></font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 8pt; line-height: 106%"><b>Weighted Average Exercise Price</b></font></td>
<td style="white-space: nowrap"> </td>
<td> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 8pt; line-height: 106%"><b>Remaining Contractual Life (Years)</b></font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: #CCEEFF">
<td style="width: 67%"><font style="font-size: 10pt; line-height: 106%">Balance, December 31, 2016</font></td>
<td style="width: 1%; text-align: right"> </td>
<td style="width: 1%"> </td>
<td style="width: 8%; text-align: right"><font style="font-size: 10pt; line-height: 106%">610,000</font></td>
<td style="white-space: nowrap; width: 1%"> </td>
<td style="width: 1%; text-align: right"> </td>
<td style="width: 1%"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="width: 8%; text-align: right"><font style="font-size: 10pt; line-height: 106%">1.23</font></td>
<td style="white-space: nowrap; width: 1%"> </td>
<td style="width: 1%; text-align: right"> </td>
<td style="width: 1%"> </td>
<td style="width: 8%; text-align: right"><font style="font-size: 10pt; line-height: 106%">4.88</font></td>
<td style="white-space: nowrap; width: 1%"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td><font style="font-size: 10pt; line-height: 106%">Issued</font></td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">670,000</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">1.00</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">4.59</font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: #CCEEFF">
<td><font style="font-size: 10pt; line-height: 106%">Exercised</font></td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">(–</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">–</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">–</font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td><font style="font-size: 10pt; line-height: 106%">Forfeited</font></td>
<td style="text-align: right"> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">(110,000</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td style="text-align: right"> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">1.16</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">–</font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: #CCEEFF">
<td><font style="font-size: 10pt; line-height: 106%">Balance, December 31, 2017</font></td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">1,170,000</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">1.10</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">4.27</font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td><font style="font-size: 10pt; line-height: 106%">Issued</font></td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">365,000</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">1.00</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">4.46</font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: #CCEEFF">
<td><font style="font-size: 10pt; line-height: 106%">Exercised</font></td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">(–</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">–</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td> </td>
<td style="text-align: right"><font style="font-size: 10pt; line-height: 106%">–</font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td><font style="font-size: 10pt; line-height: 106%">Forfeited</font></td>
<td style="text-align: right"> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">(–</font></td>
<td style="white-space: nowrap"><font style="font-size: 10pt; line-height: 106%">)</font></td>
<td style="text-align: right"> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">–</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td style="border-bottom: black 1.5pt solid"> </td>
<td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt; line-height: 106%">–</font></td>
<td style="white-space: nowrap"> </td></tr>
<tr style="vertical-align: bottom; background-color: #CCEEFF">
<td><font style="font-size: 10pt; line-height: 106%">Balance, December 31, 2018</font></td>
<td style="text-align: right"> </td>
<td style="border-bottom: black 2.25pt double"> </td>
<td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt; line-height: 106%">1,535,000</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt; line-height: 106%">$</font></td>
<td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt; line-height: 106%">1.10</font></td>
<td style="white-space: nowrap"> </td>
<td style="text-align: right"> </td>
<td style="border-bottom: black 2.25pt double"> </td>
<td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt; line-height: 106%">3.55</font></td>
<td style="white-space: nowrap"> </td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The remaining contractual life of the options outstanding as of
December 31, 2018 ranges from 2.67 to 4.92 years.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>NOTE 6 - SUBSEQUENT EVENTS</b></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with FASB ASC 855-10 Subsequent
Events, the Company has analyzed its operations subsequent to December 31, 2018 to the date these consolidated financial statements
were issued, and has determined that it does not have any material subsequent events to disclose in these consolidated financial
statements.</p>
4000000
1367
1367
1800
1800
176332
175000