ANNUAL REPORT OF Nexus Energy Services, Inc. FOR THE YEAR ENDED SEPTEMBER 30, 2018 A NEVADA CORPORATION 10301 Northwest Freeway, Suite 301 Houston Texas 77092 (347) 770-2176
TABLE OF CONTENTS ITEM 1. EXACT NAME OF THE ISSUER AND ITS PREDECESSOR... 2 ITEM 2. ADDRESS OF THE ISSUER S PRINCIPAL EXECUTIVE OFFICES.. 2 ITEM 3. SECURITY INFORMATION... 2-3 ITEM 4. ISSUANCE HISTORY.. 3 ITEM 5. FINANCIAL STATEMENTS... 4-9 ITEM 6. DESCRIBE THE ISSUER S BUSINESS OPERATIONS... 10-11 ITEM 7. DESCRIBE THE ISSUER S FACILITIES... 11 ITEM 8. OFFICERS, DIRECTORS AND CONTROL PERSONS...11-12 ITEM 9. THIRD PARTY PROVIDERS...12-13 ITEM 10. OTHER INFORMATION... 13 ITEM 11. EXHIBITS... 13 ITEM 12. CERTIFICATIONS... 13 1
ITEM 1. EXACT NAME OF THE ISSUER AND ITS PREDECESSORS Exact Company Name: NEXUS ENERGY SERVICES, INC. (hereinafter referred to as we, us, or our or the Issuer ). Name used by predecessor entities in the past five years: Formerly known as: Illegal Restaurant Group, Inc. (8-2015) Formerly known as: Nexus Energy Services, Inc. (6-2015 Formerly known as: Pharmstar Pharmaceuticals, Inc. (10-2013 Formerly known as: Big Star Media Group, Inc. (4-2011) Formerly known as: Blue Wireless & Data, Inc. (10-2009) Formerly known as: Reva, Inc. (12-2004) Formerly known as: World Wide Video, Inc. (5-2003) ITEM 2. ADDRESS OF THE ISSUER S PRINCIPAL EXECUTIVE OFFICES A. Company Headquarters Our principal executive and administrative offices are located at 10301 Northwest Freeway, Suite 301, Houston, TX 77092. Number (347) 770-2176 Email: nexusenergyservicesinc@yahoo.com Website: none B. IR Contact 10301 Northwest Freeway, Suite 301, Houston, TX 77092. Phone: (347) 770-2176 Email: nexusenergyservicesinc@yahoo.com Website: none ITEM 3. SECURITY INFORMATION Trading symbol: IBGR CUSIP: 717141 10 5 2
Exact title and class of securities outstanding: As of the period ended September 30, 2018 the capital stock of the company was as follows: Class A: Common stock, $0.001 par value; Number of shares authorized: 500,000,000; Number of shares outstanding: 290,342,956; Freely tradable shares: 131,819,413; Total number of shareholders of record: 1,579 Class A: Preferred stock $ 0.001 par value; Number of shares authorized 20,000,000 Number of shares outstanding; 1,024,116 Transfer Agent: Olde Monmouth Stock Transfer Co, Inc. 200 Memorial Parkway Atlantic Highlands, NJ 07716 Telephone: (732) 872-2727 Is the transfer agent registered under the Exchange Act? Yes. List any restrictions on the transfer of security: None. Describe any trading suspension orders issued by the SEC in the past 12 months: None. ITEM 4. ISSUANCE HISTORY The company has executed the following securities offerings, either public or private, since September, 2013. 1) March 3, 2017, the Company issued 74,600,000 common shares to settle outstanding debt. 2) May 16, 2017, the Company issued 50,101,001 common shares to settle outstanding debt. 3
ITEM 5. FINANCIAL STATEMENTS: NEXUS ENERGY SERVICES, INC. Financial Statements Balance Sheet For the Periods Ended September 30, 2018 & September 30, 2017 Unaudited ASSETS 2018 2017 Current Assets Cash and cash equivalents $ 121 $ 145 Accounts receivable 1,615 1,615 Total current assets 1,736 1,760 Fixed Assets Nueces oil leases 1,500,000 1,500,000 Total fixed assets 1,500,000 1,500,000 Other Assets Prepaid compensation - - Reorganization costs 10,578 15,870 Total Other Assets 10,578 15,870 Total assets $ 1,512,314 $ 1,517,630 See accountants' report and notes to financial statements 4
NEXUS ENERGY SERVICES, INC. Financial Statements Balance Sheet For the Periods Ended September 30, 2018 & September 30, 2017 Unaudited 2018 2017 LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES Current Liabilities Accounts payable 1,447 1,097 Accrued other liabilities 180,954 180,954 Total current liabilities 182,401 182,051 Long-term Liabilities Notes payable - 145,000 Total long-term liabilities - 145,000 Total liabilities 182,401 327,051 STOCKHOLDERS' EQUITY Common stock - $.001 par value; 500,000,000 shares authorized; issued and outstanding: 290,342,956 at 9/30/18 & 9/30/17 290,343 290,343 Preferred stock - $.001 par value; 20,000,000 Authorized; 1,024,116 issued and outstanding at 9/30/18 & 9/30/17 1,024 1,024 Additional paid in capital 8,957,605 8,957,605 Accumulated deficit (8,058,393) (8,052,799) Current earnings 139,334 (5,594) Total Stockholders' equity 1,329,913 1,190,579 Total Liabilities and Stockholders' Equity $ 1,512,314 $ 1,517,630 See accountants' report and notes to financial statements 5
NEXUS ENERGY SERVICES, INC. Statement of Operations For the Twelve Months Ended September 30, 2018 & September 30, 2017 Unaudited Twelve Months Ended Sept.30, Sept.30, 2018 2017 Operating Revenue Revenue $ - $ 20 Consulting income Total Operating Income - 20 Operating expenses Advertising - - Bank charges 24 22 Consulting - - Dues and subscriptions - - General office 350 300 Legal and professional - - Rent - - Taxes - business - - Interest expenses - - Amortization 5,292 5,292 Total Operating Expenses 5,666 5,614 Net income from operations (5,666) (5,594) Extraordinary gain - debt settlement 145,000 - Net income 139,334 (5,594) See accountants report and notes to financials 6
NEXUS ENERGY SERVICES, INC. Statement of Cash Flows For the Twelve Months Ended September 30, 2018 & September 30, 2017 Unaudited OPERATING ACTIVITIES 2018 2017 Net Income (Loss) $ 139,334 $ (5,594) Adjustments to reconcile net Income (Loss) to net cash provided by operations Depreciation/amortization 5,292 5,292 Decrease (increase) in accounts receivable - 200 Decrease (increase) in accounts payable 350 147 Decrease (increase) in other liabilities - (124,701) Decrease (increase) in notes payable - - Net adjustments 5,642 (119,062) Net cash provided by operating activities 144,976 (124,656) Investing Activities Asset acquisition - - Net cash provided by investment activity - - Financing Activities Debt settlement (145,000) - Stock issuance for debt - 124,701 Net cash from financing activity (145,000) 124,701 Net cash increase for period (24) 45 Cash at beginning of period 145 100 Cash at end of period 121 145 See accountants report and notes to financials 7
Nexus Energy Services, Inc. Statement of Stockholders' Equity September 30, 2018 Additional Retained Shares Amount Paid-in-Capital Earnings Total Balance - 9/30/14 165,641,655 165,642 8,957,605 (7,843,503) 1,279,744 Net income - 2015 (57,486) (57,486) Balance - 9/30/15 165,641,655 165,642 8,957,605 (7,900,989) 1,222,258 Net income - 2016 (151,810) (151,810) Balance - 9/30/16 165,641,655 165,642 8,957,605 (8,052,799) 1,070,448 Share issuance 124,701,301 124,701 124,701 Net income - 2017 (5,594) (5,594) Balance - 9/30/17 290,342,956 290,343 8,957,605 (8,058,393) 1,189,555 Net income - 2018 139,334 139,334 Balance - 9/30/18 290,342,956 290,343 8,957,605 (7,919,059) 1,328,889 See accountants report and notes to financial statements 8
NEXUS ENERGY SERVICES, INC. September 30, 2018 NOTES TO FINANCIAL STATEMENTS NOTE 1- NATURE OF OPERATIONS Nature of Operations The Company was incorporated in the state of Nevada on September 18, 2013. The Company is a holding company organized with a goal of acquiring and managing a diversified portfolio of profitable, growth-oriented companies. NOTE 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation These financial statements unaudited and are presented in United States dollars and have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company believes that these financial statements present fairly, in all material respects, the financial position of the Company and the results of its operations and cash flows for the periods presented. The Company s fiscal year ends on September 30. NOTE 3-STOCKHOLDERS EQUITY The company s capitalization is 290,342,956 common shares with a par value of $.001 per share; 20,000,000 Series A preferred shares with a par value of $.001. 9
ITEM 6. DESCRIBE THE ISSUER S BUSINESS, PRODUCTS AND SERVICES. A. DESCRIPTION OF ISSUER S BUSINESS OPERATIONS. The Company is engaged in the identification, acquisition and development of businesses in the energy industry. The Company expects to acquire and develop a suitable target in the very near future. B. DATE AND STATE OF INCORPORATION The Company was incorporated in the State of Nevada on September 18, 2013. C. PRIMARY AND SECONDARY SIC CODES The Company s primary (and only) SIC code is 1389 Oil and gas field services, misc. D. THE COMPANY S FISCAL YEAR END DATE The Company s fiscal year ends on September 30. E. PRINCIPAL PRODUCTS OR SERVICES AND THEIR MARKETS The Company focuses its efforts on acquisition and development of various oil and gas businesses. The Company is actively pursuing acquisition and development of target businesses and expects to secure an acquisition in the near future. Because of management expertise and business alliances the Company expects to succeed in future ventures in growth industries with vast potential within the domestic U.S. market. F. RESULTS OF OPERATIONS FOR THE PERIOD ENDED SEPTEMBER 30, 2018 COMPARED TO THE PERIOD ENDED SEPTEMBER 30, 2017: Revenues: The Company had no revenue for the period ended September 30, 2018 and revenue of $20 for the period ended September 30, 2017. Cost of Revenues: The Company did not incur any costs of sales for the periods ended September 30, 2018 or September 30, 2017. Gross Profit: The Company had no gross profit for the period ended September 30, 2018 and gross profit of $20 for the period ended September 30, 2017. 10
Operating Costs: Operating costs consist of the Company s administrative expenses before depreciation and interest. Operating costs for the period ended September 30, 2018, totaled $5,666, compared to operating costs for the period ended September 30, 2017 of $5,614. Operating Gain (Loss): The Company produced an operating loss for the period ended September 30, 2018 of $5,666, compared to a loss of $5,594 for the period ended September 30, 2017. Net Gain (Loss) Before Income Taxes: Net gain or loss before income taxes represents operating gain or loss plus other (non-operating) gain or loss. For the period ended September 30, 2018, the company had a net gain of $139,334 compared to a loss of $5,594 for the period ended September 30, 2017. Liquidity and Capital Resources: During the period ended September 30, 2018, the Company did not produce any cash or cash equivalents from operations. G. OFF-BALANCE SHEET ARRANGEMENTS The Company did not engage in any off-balance sheet arrangements during the fiscal quarter ended September 30, 2018. ITEM 7. DESCRIBE THE ISSUER S FACILITIES At this time the Company does not have any significant tangible assets and is in the process of identifying suitable targets for acquisition. The Company does not own or lease any real estate. ITEM 8. OFFICERS, DIRECTORS AND CONTROL PERSONS A. NAMES OF OFFICERS, DIRECTORS AND CONTROL PERSONS The current president and secretary of the Company, Ron Minsky, was hired on January 24, 2018. Mr. Minsky is also the chairman and sole current member of the Board of Directors of the Company. B. LEGAL/DISCIPLINARY HISTORY Please identify whether any of the foregoing persons have, in the last five years, been the subject of: 11
1. A conviction in a criminal proceeding or named as a defendant in a pending criminal proceeding (excluding traffic violations and other minor offenses): NO. The entry of an order, judgment, or decree, not subsequently reversed, suspended or vacated, by a court of competent jurisdiction that permanently or temporarily enjoined, barred, suspended or otherwise limited such person s involvement in any type of business, securities, commodities or banking activities: NO. 2. A finding or judgment by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission, the Commodity Futures Trading Commission or a state securities regulator of a violation of federal or state securities or commodities law, which finding or judgment has not been reversed, suspended or vacated: NO. 3. The entry of an order by a self-regulatory organization that permanently or temporarily barred, suspended or otherwise limited such person s involvement in any type of business or securities activities: NO. C. BENEFICIAL SHAREHOLDERS Ron Minsky 150,000,000 common shares having over 10% of the outstanding: 10301 Northwest Freeway Suite 301 Houston, TX. 77092 ITEM 9. THIRD PARTY PROVIDERS A. Legal Counsel Vic Devlaeminck 10013 N.E. Hazel Dell Avenue Suite 317 Vancouver, WA 98685 PH: (503) 806-3533 Email: vic@vicdevlaeminck.com 12
B. Accountant or Auditor C. Investor Relations Consultant D. Other Advisor(s) None. ITEM 10. OTHER INFORMATION None. ITEM 11. EXHIBITS N/A ITEM 12. CERTIFICATIONS I, Ron Minsky, certify that: 1. I have reviewed this annual disclosure statement of Nexus Energy Services, Inc. 2. Based on my knowledge, this disclosure statement does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this disclosure statement; and 3. Based on my knowledge, the financial statements and other financial information included or incorporated by reference in this disclosure statement, fairly present, in all material respects, the financial condition, results of operations and cash flows of the issuer as of, and for, the periods presented in this disclosure statement. /s/ron Minsky Ron Minsky, CEO/President Dated 11/08/2018 13