8-K/A - SIGY - Equibles

UNITEDSTATES

SECURITIESAND EXCHANGE COMMISSION

WASHINGTON,DC 20549

AMENDMENTNO. 1 TO FORM 8-K

CURRENTREPORT PURSUANT

TOSECTION 13 OR 15(D) OF THE

SECURITIESEXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): October 23, 2020

SIGYN THERAPEUTICS, INC.
(Exact<br> Name of Registrant as Specified in Its Charter)
Delaware	333-204486	47-2573116
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(State<br> or other jurisdiction<br><br> <br>of<br> incorporation)	(Commission<br><br> <br>File<br> Number)	(IRS<br> Employer<br><br> <br>Identification<br> No.)
8880<br> Rio San Diego Drive
---	---
Suite<br> 800<br><br> <br>San<br> Diego, CA	92108
(Address<br> of principal executive offices)	(Zip<br> Code)

Registrant’stelephone number, including area code: 619.368.2000

Prior address and phone number:

9465 Wilshire Boulevard
Beverly Hills, CA	90212
(Address<br> of principal executive offices)	(Zip<br> Code)

(213)457-3772

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]	Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]	Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]	Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]	Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securitiesregistered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
None	None	None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company [X]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [X]

Asused herein, the terms, “we,” “us,” “our,” and the “Company” refers to Sigyn Therapeutics,Inc., a Delaware corporation and its subsidiaries, unless otherwise stated.

CAUTIONARYNOTE REGARDING FORWARD-LOOKING STATEMENTS

This Form 8-K and other reports filed by Sigyn Therapeutics, Inc. (“Sigyn” or the “Company”) from time to time with the Securities and Exchange Commission (collectively, the “Filings”) contain or may contain forward looking statements and information that are based upon beliefs of, and information currently available to, the Company’s management as well as estimates and assumptions made by the Company’s management. When used in the filings the words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan” or the negative of these terms and similar expressions as they relate to the Company or Company’s management identify forward looking statements. Such statements reflect the current view of the Company with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to the Company’s industry, the Company’s operations and results of operations and any businesses that may be acquired by the Company. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.

Although the Company’s management believes that the expectations reflected in the forward looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. The following discussion should be read in conjunction with the Company’s pro forma financial statements and the related notes filed with this Form 8-K.

EXPLANATORYNOTE

This Amendment No. 1 to the Current Report on Form 8-K (this “Amendment”) is being filed by Sigyn Therapeutics, Inc., a Delaware corporation (the “Company”) for the purpose of amending Item 9.01 Financial Statements and Exhibits of that certain Current Report on Form 8-K originally filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) on October 23, 2020 (the “Original Form 8-K”) in connection with the completion of the acquisition as disclosed therein. As indicated in the Original Form 8-K, this Amendment is being filed to provide the financial statements and pro forma financial information required by Items 9.01(a) and (b) of Form 8-K, which were not previously filed with the Original Form 8-K as permitted by the rules of the SEC.

FORWARD-LOOKINGSTATEMENTS

This Amendment, including the Exhibits attached hereto, contains “forward-looking statements” and information within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which are subject to the “safe harbor” created by those sections. These forward-looking statements include, but are not limited to, statements concerning our strategy, future operations, future financial position, future revenues, projected costs, prospects and plans and objectives of management. The words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties that could cause our actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the risks set forth from time to time in the Company’s filings with the SEC. Readers of this release are cautioned not to place undue reliance on forward-looking statements contained herein, which speak only as of the date stated, or if no date is stated, as of the date of this Current Report. The Company undertakes no obligation to publicly update or revise the forward-looking statements contained herein to reflect changes events or circumstances after the date of this release, unless required by law.

Item9.01. Financial Statements and Exhibits.

(a) Financial statements of business acquired.

The following financial statements of Path Labs, LLC are being filed as exhibits hereto and are incorporated by reference herein:

Exhibit 99.1 — Sigyn Therapeutics, Inc. audited financial statements, including the independent auditor’s report as of and for the year ended December 31, 2019.

Exhibit 99.2 — Sigyn Therapeutics, Inc. condensed financial statements as of September 30, 2020 (unaudited).

(b) Pro forma financial information.

The following pro forma financial information is being filed as an exhibit hereto and is incorporated by reference herein:

Exhibit 99.3 — Unaudited pro forma condensed combined financial statements and explanatory notes for The Company as of September 30, 2020, for the nine months ended September 30, 2020 and for the year ended December 31, 2019.

(d) Exhibits.

Exhibit 99.1 — Sigyn Therapeutics, Inc. audited financial statements, including the independent auditor’s report as of and for the year ended December 31, 2019.

Exhibit 99.2 — Sigyn Therapeutics, Inc. condensed financial statements as of September 30, 2020 (unaudited).

Exhibit 99.3 — Unaudited pro forma condensed combined financial statements and explanatory notes for the Company as of September 30, 2020, for the nine months ended September 30, 2020 and for the year ended December 31, 2019.

101*	XBRL Interactive Data Files

* In accordance with Rule 406T of Regulation S-T, these interactive data files are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SIGYN THERAPEUTICS, INC.
Date:<br> December 30, 2020	By:	/s/ James A. Joyce
		James<br> A. Joyce, Chairman and CEO

Exhibit99.1

SIGYNTHERAPEUTICS, INC.

Indexto Financial Statements

CONTENTS

	Page
Report of Independent Registered Public Accounting Firm	2
Balance Sheet	3
Statement of Operations	4
Statement of Changes in Stockholders’ Deficit	5
Statement of Cash Flows	6
Notes to Financial Statements	7

Reportof Independent Registered Public Accounting Firm

To the Board of Directors and

Stockholders of Sigyn Therapeutics, Inc.

Opinionon the Financial Statements

We have audited the accompanying balance sheet of Sigyn Therapeutics, Inc. (the Company) as of December 31, 2019 and the related statements of income, stockholders’ deficit, and cash flows for the period October 29, 2019 (date of formation) to December 31, 2019, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 20219 and the results of its operations and its cash flows for period October 29, 2019 (date of formation) to December 31, 2019 in conformity with accounting principles generally accepted in the United States of America.

Basisfor Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

Santa Ana, CA

December 30, 2020

We have served as the Company’s auditor since 2020

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SIGYNTHERAPEUTICS, INC.

BALANCE SHEET


ASSETS
None	-
Total<br> assets	-
LIABILITIES<br> AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts<br> payable	910
Total<br> current liabilities	910
Total<br> liabilities	910
Commitments<br> and contingencies
Stockholders’<br> deficit
Common units, 0.001 par value, 1,000,000 shares<br> authorized; 500,000 shares issued and outstanding at December 31, 2019	500
Additional paid-in-capital	140
Accumulated<br> deficit	(1,550	)
Total<br> stockholders’ deficit	(910	)
Total<br> liabilities and stockholders’ deficit	-

All values are in US Dollars.

See accompanying notes to financial statements

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SIGYNTHERAPEUTICS, INC.

STATEMENT OF OPERATIONS

	From Date of Formation
	(October 29, 2019) to
	December 31,
	2019
Revenues	$	-
Cost of Sales		-
Gross Profit		-
Operating expenses:
General and administrative		1,550
Total operating expenses		1,550
Loss from operations		(1,550	)
Other expense:
None		-
Total other expense		-
Loss before income taxes		(1,550	)
Income taxes		-
Net loss	$	(1,550	)
Net loss per share, basic and diluted	$	(0.00	)
Weighted average number of shares outstanding Basic and diluted		500,000

See accompanying notes to financial statements

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SIGYNTHERAPEUTICS, INC.

STATEMENT OF CHANGES IN STOCKHOLDERS’ DEFICIT

											Total
	Common Shares				Additional Paid			Accumulated			Stockholders'
	Shares		Amount		in Capital			Deficit			Deficit
Balance as of October 29, 2019 (Date of Formation)		-	$	-	$	-		$	-		$	-
Issuance of common stock to founders		500,000		500		(500	)		-			-
Expenses paid by founders		-		-		640						640
Net loss		-		-		-			(1,550	)		(1,550	)
Balance as of December 31, 2019		500,000	$	500	$	140		$	(1,550	)	$	(910	)

See accompanying notes to financial statements

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SIGYNTHERAPEUTICS, INC.

STATEMENTOF CASH FLOWS

	From Date of
	Formation (October
	29, 2019) to
	December 31,
	2019
Cash flows from operating activities:
Net loss	$	(1,550	)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Expenses paid by founders		640
Changes in operating assets and liabilities:
Accounts payable		910
Net cash (used in) provided by operating activities		-
Cash flows from investing activities:
None		-
Net cash used in investing activities		-
Cash flows from financing activities:
None		-
Net cash provided by financing activities		-
Net (decrease) increase in cash		-
Cash at beginning of period		-
Cash at end of period	$	-
Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest	$	-
Income taxes	$	-
Non-cash investing and financing activities:
None	$	-

See accompanying notes to financial statements

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SIGYNTHERAPEUTICS, INC.

NOTESTO THE FINANCIAL STATEMENTS

FROMDATE OF FORMATION (OCTOBER 29,2019) THROUGH DECEMBER 31, 2019

NOTE1 – ORGANIZATION AND PRINCIPAL ACTIVITIES

CorporateHistory and Background

Sigyn Therapeutics, Inc. (“Sigyn” or the “Company”) was established on October 29, 2019 in the State of Delaware.

Sigyn is a development-stage therapeutic technology company headquartered in San Diego, California USA. The Company is focused on addressing a significant unmet need in global health: the treatment of life-threatening inflammatory conditions precipitated by Cytokine Storm Syndrome, a dysregulated immune response that can induce multiple organ failure and cause death.

On August 25, 2020, Reign Resources Corporation, a Delaware corporation (the “Registrant”) executed a Share Exchange Agreement (the “Agreement”) with Sigyn, whereby the Registrant will acquire 100% of the issued and outstanding shares of common stock of Sigyn, in exchange for a total of 75% of the fully paid and nonassessable shares of the Registrant’s common stock outstanding immediately following the Closing of the Agreement (the “Acquisition”). The Closing Date for the Acquisition was October 19, 2020, at which date, upon FINRA approval, the Company’s trading symbol changed to SIGY.

In addition, in connection with the Acquisition, the two principals of Sigyn will be appointed to serve as members of the Company’s board of directors. The parties have taken the actions necessary to provide that the Acquisition is treated as a “tax free exchange” under Section 368 of the Internal Revenue Code of 1986, as amended. The Acquisition will result in a change in the composition and control of the board of directors of the Company.

As a result of completing the merger, the Company extinguished all previously reported liabilities, its preferred class of shares, and all stock purchase options. The reported liabilities totaling $3,429,516 converted into a total of 7,907,351 common shares.

On October 12, 2020, the Company changed its name to Sigyn Therapeutics, Inc. from Reign Resources Corporation pursuant to an amendment to its articles of incorporation filed with the State of Delaware on that date.

Sigyn Therapy™ is a novel blood purification technology designed to mitigate cytokine storm syndrome through the broad-spectrum depletion of inflammatory targets from the bloodstream. The device is designed for use on dialysis and CRRT machines that are located in hospitals and clinics worldwide. Cytokine storm syndrome is the hallmark of sepsis, which is the most common cause of in-hospital deaths and claims more lives each year than all forms of cancer combined. Virus induced cytokine storm (VICS) is associated with high mortality and is a leading cause of SARS-CoV-2 (COVID-19) deaths. Other therapeutic opportunities include but are not limited to bacteria induced cytokine storm (BICS), acute respiratory distress syndrome (ARDS) and acute forms of liver failure, such as hepatic encephalopathy.

Sigyn Therapy may also be a candidate to stabilize or extend the lives of patients waiting for the identification of a matched liver for transplantation. In such a scenario, Sigyn Therapy would serve as a bridge-to-liver transplant.

On December 1, 2020, The Company reported the results of an in vitro study that demonstrated the ability of Sigyn Therapy to deplete the presence of critical inflammatory targets from human blood plasma. In the study, Sigyn Therapy simultaneously reduced the presence of endotoxin and relevant pro-inflammatory cytokines, which included Interleukin-1 Beta (IL-1B), Interleukin-6 (IL-6) and Tumor Necrosis Factor alpha (TNF-a). Endotoxin (lipopolysaccharide or LPS) is a potent mediator implicated in the pathogenesis of sepsis and septic shock. The dysregulated over-production of IL-1B, IL-6 and TNF-a can induce organ failure and cause death.

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An objective of the study was to rebalance elevated cytokine levels and optimize the elimination of endotoxin from human blood plasma. The study was conducted in triplicate over four-hour time periods with a pediatric version of Sigyn Therapy. Average reduction of endotoxin load peaked at 83% during the studies. The average reduction of IL-1B was 69%, IL-6 reduction was 59% and TNF-a reduction was 57% during the four-hour studies. The Company plans to incorporate the resulting data into an Investigational Device Exemption (IDE) that it plans to submit to the United States Food and Drug Administration (FDA) in 2021.

Sigyn Therapeutics also disclosed that it is evaluating the ability of Sigyn Therapy to address CytoVesicles that transport cytokines and other inflammatory cargos throughout the bloodstream. The Company believes that the simultaneous clearance of circulating CytoVesicles, endotoxin and inflammatory cytokines would be a significant advancement that may overcome the limitations of previous drugs and devices to address life-threatening inflammatory conditions.

To learn more, visit www.SigynTherapeutics.com or www.SigynTherapy.com

The Company has prepared its financial statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

NOTE2 – BASIS OF PRESENTATION

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and include all adjustments necessary for the fair presentation of the Company’s financial position for the periods presented.

The Company currently operates in one business segment. The Company is not organized by market and is managed and operated as one business. A single management team reports to the chief operating decision maker, the Chief Executive Officer, who comprehensively manages the entire business. The Company does not currently operate any separate lines of businesses or separate business entities.

GoingConcern

The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company had an accumulated deficit of approximately $1,550 at December 31, 2019, had a working capital deficit of approximately $910 at December 31, 2019, had a net loss of approximately $1,550 from date of formation (October 29, 2019) through December 31, 2019 and net cash used in operating activities of approximately $0 from date of formation (October 29, 2019) through December 31, 2019, respectively, with limited revenue earned since date of formation, and a lack of operational history. These matters raise substantial doubt about the Company’s ability to continue as a going concern.

While the Company is attempting to expand operations and increase revenues, the Company’s cash position may not be significant enough to support the Company’s daily operations. Management intends to raise additional funds by way of a private offering or an asset sale transaction. Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While management believes in the viability of its strategy to generate revenues and in its ability to raise additional funds or transact an asset sale, there can be no assurances to that effect or on terms acceptable to the Company. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues.

The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

NOTE3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to GAAP and have been consistently applied in the preparation of the financial statements.

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Useof Estimates

The preparation of these financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements and the reported amounts of net sales and expenses during the reported periods. Actual results may differ from those estimates and such differences may be material to the financial statements. The more significant estimates and assumptions by management include among others: inventory valuation, common stock valuation, and the recoverability of intangibles. The current economic environment has increased the degree of uncertainty inherent in these estimates and assumptions.

Cash

The Company’s cash is held in bank accounts in the United States and is insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. The Company has not experienced any cash losses.

IncomeTaxes

The Company is treated as a partnership for income tax purposes; accordingly, income taxes have not been provided for in the accompanying financial statements. All of the Company’s income or losses are passed through to its members.

Advertisingand Marketing Costs

Advertising expenses are recorded as general and administrative expenses when they are incurred. There was no advertising expense for the periods presented.

RevenueRecognition

On October 29, 2019, the Company adopted Accounting Standards Codification ASC 606 (“ASC 606”), Revenue from Contractswith Customers, using the modified retrospective approach for all contracts not completed as of the date of adoption. Results for the reporting periods beginning on October 29, 2019 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported in accordance with accounting under ASC 605, Revenue Recognition. As a result of adopting ASC 606, amounts reported under ASC 606 were not materially different from amounts that would have been reported under the previous revenue guidance of ASC 605, as such, there was no cumulative adjustment to retained earnings.

The Company generates all of its revenue from contracts with customers. The Company recognizes revenue when we satisfy a performance obligation by transferring control of the promised services to a customer in an amount that reflects the consideration that we expect to receive in exchange for those services. The Company determines revenue recognition through the following steps:

1.	Identification<br> of the contract, or contracts, with a customer.
2.	Identification<br> of the performance obligations in the contract.
3.	Determination<br> of the transaction price.
4.	Allocation<br> of the transaction price to the performance obligations in the contract
5.	Recognition<br> of revenue when, or as, we satisfy a performance obligation.

At contract date of formation, the Company assesses the services promised in our contracts with customers and identifies a performance obligation for each promise to transfer to the customer a service (or bundle of services) that is distinct. To identify the performance obligations, the Company considers all of the services promised in the contract regardless of whether they are explicitly stated or are implied by customary business practices.

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The following conditions must be met before revenue can be recognized: (i) there is persuasive evidence that an arrangement exists, (ii) (iii) the price is fixed or determinable, and (iv) collection is reasonably assured. The Company provides for an allowance for doubtful account based on history and experience considering economic and industry trends. The Company does not expect to have any off-Balance Sheet exposure related to its customers.

The Company evaluates whether it is appropriate to record the gross amount of product sales and related costs or the net amount earned as commissions. Generally, when the Company is primarily obligated in a transaction, are subject to inventory risk, have latitude in establishing prices and selecting suppliers, or have several but not all of these indicators, revenue is recorded at the gross sale price. The Company generally records the net amounts as commissions earned if we are not primarily obligated and do not have latitude in establishing prices.

From date of formation (October 29, 2019) through December 31, 2019, we had no revenue.

Propertyand Equipment

Property and equipment are carried at cost and are depreciated on a straight-line basis over the estimated useful lives of the assets, generally five years. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. Fixed assets are examined for the possibility of decreases in value when events or changes in circumstances reflect the fact that their recorded value may not be recoverable.

IntangibleAssets

Intangible assets consist primarily of developed technology – website. Our intangible assets are being amortized on a straight-line basis over a period of three years.

Impairmentof Long-lived Assets

We periodically evaluate whether the carrying value of property, equipment and intangible assets has been impaired when circumstances indicate the carrying value of those assets may not be recoverable. The carrying amount is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If the carrying value is not recoverable, the impairment loss is measured as the excess of the asset’s carrying value over its fair value.

Our impairment analyses require management to apply judgment in estimating future cash flows as well as asset fair values, including forecasting useful lives of the assets, assessing the probability of different outcomes, and selecting the discount rate that reflects the risk inherent in future cash flows. If the carrying value is not recoverable, we assess the fair value of long-lived assets using commonly accepted techniques, and may use more than one method, including, but not limited to, recent third-party comparable sales and discounted cash flow models. If actual results are not consistent with our assumptions and estimates, or our assumptions and estimates change due to new information, we may be exposed to an impairment charge in the future. For the period from date of formation (October 29, 2019) through December 31, 2019, the Company had not experienced impairment losses on its long-lived assets. However, there can be no assurances that the demand for the Company’s products and services will continue, which could result in an impairment of long-lived assets in the future.

FairValue of Financial Instruments

The provisions of accounting guidance, FASB Topic ASC 825 requires all entities to disclose the fair value of financial instruments, both assets and liabilities recognized and not recognized on the balance sheet, for which it is practicable to estimate fair value, and defines fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties. As of December 31, 2019, the fair value of cash, accounts payable, accrued expenses, and notes payable approximated carrying value due to the short maturity of the instruments, quoted market prices or interest rates which fluctuate with market rates.

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FairValue Measurements

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability, in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The fair value hierarchy is based on three levels of inputs, of which the first two are considered observable and the last unobservable, as follows:

●	Level<br> 1 – Quoted prices in active markets for identical assets or liabilities.
●	Level<br> 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar<br> assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated<br> by observable market data for substantially the full term of the assets or liabilities.
●	Level<br> 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the measurement<br> of the fair value of the assets or liabilities

The carrying value of financial assets and liabilities recorded at fair value is measured on a recurring or nonrecurring basis. Financial assets and liabilities measured on a non-recurring basis are those that are adjusted to fair value when a significant event occurs. There were no financial assets or liabilities carried and measured on a nonrecurring basis during the reporting periods. Financial assets and liabilities measured on a recurring basis are those that are adjusted to fair value each time a financial statement is prepared. There have been no transfers between levels.

Basicand diluted earnings per share

Diluted earnings (loss) per share are computed on the basis of the weighted average number of common shares (including common stock subject to redemption) plus dilutive potential common shares outstanding for the reporting period. In periods where losses are reported, the weighted-average number of common stock outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive.

The total number of potential additional dilutive securities outstanding for the period from date of formation (October 29, 2019) through December 31, 2019 was none.

StockBased Compensation

In accordance with ASC No. 718, Compensation – Stock Compensation (“ASC 718”), we measure the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. Share-based compensation arrangements include stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. As such, compensation cost is measured on the date of grant at their fair value. Such compensation amounts, if any, are amortized over the respective vesting periods of the option grant. We apply this statement prospectively. Equity instruments (“instruments”) issued to other than employees are recorded on the basis of the fair value of the instruments, as required by ASC 718. ASC No. 505, EquityBased Payments to Non-Employees (“ASC 505”) defines the measurement date and recognition period for such instruments. In general, the measurement date is (a) when a performance commitment, as defined, is reached or (b) when the earlier of (i) the non-employee performance is complete or (ii) the instruments are vested. The measured value related to the instruments is recognized over a period based on the facts and circumstances of each particular grant as defined in the ASC 505. We have no stock-based compensation for the period from date of formation (October 29, 2019) through December 31, 2019.

RelatedParties

Related parties are any entities or individuals that, through employment, ownership, or other means, possess the ability to direct or cause the direction of the management and policies of the Company.

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Concentrations,Risks, and Uncertainties

Business Risk

Substantial business risks and uncertainties are inherent to an entity, including the potential risk of business failure.

The Company is headquartered and operates in the United States. To date, the Company has generated no revenues from operations. There can be no assurance that the Company will be able to successfully produce its products and failure to do so would have a material adverse effect on the Company’s financial position, results of operations and cash flows. Also, the success of the Company’s operations is subject to numerous contingencies, some of which are beyond management’s control. These contingencies include general economic conditions, price of raw material, competition, and governmental and political conditions.

Interest rate risk

Financial assets and liabilities do not have material interest rate risk.

Credit risk

The Company is exposed to credit risk from its cash in banks. The credit risk on cash in banks is limited because the counterparties are recognized financial institutions.

There were no customers that accounted for 10% or more of total revenue for the period from date of formation (October 29, 2019) through December 31, 2019. There were no customers that comprised 10% or more of accounts receivable as of December 31, 2019.

Seasonality

The business is not subject to substantial seasonal fluctuations.

Major Suppliers

Sigyn Therapy is comprised of components that are supplied by various industry vendors. Additionally, the Company is reliant on third-party organizations to conduct clinical development studies that are necessary to advance Sigyn Therapy toward the marketplace.

Should the relationship with an industry vendor or third-party clinical development organization be interrupted or discontinued, it is believed that alternate component suppliers and third-party clinical development organizations could be identified to support the continued advancement of Sigyn Therapy.

RecentlyIssued Accounting Updates

In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurements (Topic 820): Disclosure Framework—Changes to theDisclosure Requirements for Fair Value Measurement. This standard removes, modifies, and adds certain disclosure requirements for fair value measurements. This pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. The Company plans to adopt ASU No. 2018-13 in the first quarter of fiscal 2020, coinciding with the standard’s effective date, and expects the impact from this standard to be immaterial.

In August 2018, the FASB issued ASU No. 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40):Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. This standard aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). The Company’s accounting for the service element of a hosting arrangement that is a service contract is not affected by the proposed amendments and will continue to be expensed as incurred in accordance with existing guidance. This standard does not expand on existing disclosure requirements except to require a description of the nature of hosting arrangements that are service contracts. This standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted, including adoption in any interim period for which financial statements have not been issued. Entities can choose to adopt the new guidance prospectively or retrospectively. The Company plans to adopt the updated disclosure requirements of ASU No. 2018-15 prospectively in the first quarter of fiscal 2020, coinciding with the standard’s effective date, and expects the impact from this standard to be immaterial.

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In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes. This standard simplifies the accounting for income taxes by removing certain exceptions to the general principles in ASC 740, Income Taxes, while also clarifying and amending existing guidance, including interim-period accounting for enacted changes in tax law. This standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. The Company plans to adopt ASU No. 2019-12 in the first quarter of fiscal 2021, coinciding with the standard’s effective date, and expects the impact from this standard to be immaterial.

Other recently issued accounting updates are not expected to have a material impact on the Company’s consolidated financial statements.

NOTE4 – STOCKHOLDERS’ DEFICIT

The Company issued 500,000 restricted common shares to founder’s, valued at $500 (based on the par value on the date of grant). The issuance was an isolated transaction not involving a public offering pursuant to Section 4(2) of the Securities Act of 1933.

The Company has authorized 1,000,000 shares of par value $0.001 common stock, of which 500,000 shares are outstanding as of December 31, 2019.

NOTE5 – Related Party Transactions

Other than as set forth below, and as disclosed in Notes 4, and 7, there have not been any transaction entered into or been a participant in which a related person had or will have a direct or indirect material interest.

NOTE6 – COMMITMENTS AND CONTINGENCIES

Legal

From time to time, various lawsuits and legal proceedings may arise in the ordinary course of business. However, litigation is subject to inherent uncertainties and an adverse result in these or other matters may arise from time to time that may harm our business. We are currently not aware of any legal proceedings or claims that it believes will have a material adverse effect on its business, financial condition or operating results.

NOTE7 – SUBSEQUENT EVENTS

The Company evaluated all events or transactions that occurred after December 31, 2019 up through the date the financial statements were available to be issued. During this period, the Company did not have any material recognizable subsequent events required to be disclosed as of and for the year ended December 31, 2019 except for the following:

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OperationalMilestones

●	December 1, 2020 (Report of In Vitro Study Results) – On December 1, 2020, the Company reported the results of an in vitro study that demonstrated the ability of Sigyn Therapy to deplete the presence of critical inflammatory targets from<br> human blood plasma. In the study, Sigyn Therapy simultaneously reduced the presence of endotoxin and relevant pro-inflammatory<br> cytokines, which included Interleukin-1 Beta (IL-1B), Interleukin-6 (IL-6) and Tumor Necrosis Factor alpha (TNF-a). Endotoxin<br> (lipopolysaccharide or LPS) is a potent mediator implicated in the pathogenesis of sepsis and septic shock. The dysregulated<br> over-production of IL-1B, IL-6 and TNF-a can induce organ failure and cause death.
●	January 8, 2020 (Patent) – James Joyce, the Company’s CEO and Craig Roberts, the Company’s COO, assigned<br> to the Company the rights to patent 62/881,740 pertaining to the devices, systems and methods for the broad-spectrum reduction<br> of pro-inflammatory cytokines in blood.

ConvertiblePromissory Debentures

●	January 28, 2020 (Convertible Note Payable - $385,000) – On January 28, 2020 (the “Original Issue Date”),<br> the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with respect to the sale and<br> issuance to institutional investor Osher Capital Partners LLC (“Osher”)<br> of (i) $385,000 aggregate principal amount of Original Issue Discount Senior Convertible Debenture due January 26, 2021, based<br> on $1.00 for each $0.90909 for each $1.00 paid by Osher and (ii) five-year Common Stock Purchase Warrants to purchase up to<br> an aggregate of 80,209 shares of the Company’s Common Stock at an exercise price of $7.00 per share. The aggregate cash<br> subscription amount received by the Company from Osher for the issuance of the note and warrants was $350,005 which was issued<br> at a $34,995 original issue discount from the face value of the Note.
	The<br> Company and Osher amended the convertible debt agreement as follows on October 20, 2020:
●	The<br> parties amended the Warrants dated January 28, 2020, for the number of warrant shares from 80,209 warrant shares to 4,113,083<br> warrant shares at an exercise price of $0.14 per share.
---	---
●	The<br> parties amended the Note for the maturity date from June 23, 2021 to October 20, 2021.
●	June 23, 2020 (Convertible Note Payable - $50,000, as amended on October 20, 2020 to $55,000) – On June 23, 2020<br> (the “Original Issue Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”)<br> with respect to the sale and issuance to institutional investor Osher Capital Partners<br> LLC (“Osher”) of (i) $50,000 aggregate principal amount of Original Issue Discount Senior Convertible Debenture<br> (the “Note”) due June 23, 2021, based on $1.00 for each $1.00 paid by Osher and (ii) five-year Common Stock Purchase<br> Warrants (“Warrants”) to purchase up to an aggregate of 10,000 shares of the Company’s Common Stock at an<br> exercise price of $30.00 per share. The aggregate cash subscription amount received by the Company from Osher for the issuance<br> of the Note and Warrants was $50,005 which was issued at a $0 original issue discount from the face value of the Note.
---	---
	The<br> Company and Osher amended the convertible debt agreement as follows on October 20, 2020:
●	The<br> parties amended the Note for the aggregate principal amount from $50,000 to $55,000. The aggregate cash subscription amount<br> received by the Company from Osher for the issuance of the Note and Warrants was $50,005 which was issued at an amended $4,995<br> original issue discount from the face value of the Note.
---	---
●	The<br> parties amended the Warrants dated June 23, 2020, for the number of warrant shares from 10,000 warrant shares to 141,020 warrant<br> shares at an exercise price of $0.59 per share.
●	The<br> parties amended the Note for the maturity date from June 23, 2021 to October 20, 2021.
●	June 23, 2020 (Convertible Note Payable - $50,000, as amended on October 20, 2020 to $55,000) – On June 23, 2020<br> (the “Original Issue Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”)<br> with respect to the sale and issuance to institutional investor Brio Capital Maser Fund,<br> Ltd. (“Brio”) of (i) $50,000 aggregate principal amount of Original Issue Discount Senior Convertible Debenture<br> (the “Note”) due June 23, 2021, based on $1.00 for each $1.00 paid by Brio and (ii) five-year Common Stock Purchase<br> Warrants (“Warrants’) to purchase up to an aggregate of 10,000 shares of the Company’s Common Stock at an<br> exercise price of $30.00 per share. The aggregate cash subscription amount received by the Company from Brio for the issuance<br> of the Note and Warrants was $50,000 which was issued at a $0 original issue discount from the face value of the Note.
---	---

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| --- | | The Company and Brio amended the convertible debt agreement as follows on October 20, 2020: | | --- | | ● | The parties amended the Note for the aggregate principal amount from $50,000 to $55,000. The aggregate cash subscription amount received by the Company from Brio for the issuance of the Note and Warrants was $50,000 which was issued at an amended $5,000 original issue discount from the face value of the Note. | | --- | --- | | ● | The parties amended the Warrants dated June 23, 2020, for the number of warrant shares from 10,000 warrant shares to 141,020 warrant shares at an exercise price of $0.59 per share. | | ● | The parties amended the Note for the maturity date from June 23, 2021 to October 20, 2021. | | | On December 2, 2020, Brio elected to convert the aggregate principal amount of the Note, $55,000, into 141,020 common shares. | | --- | --- | | ● | August 18, 2020 (Convertible Note Payable - $25,000, as amended on October 20, 2020 to $27,500) – On August 18, 2020 (the “Original Issue Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with respect to the sale and issuance to institutional investor Christopher Wetzel (“Wetzel”) of (i) $25,000 aggregate principal amount of Original Issue Discount Senior Convertible Debenture (the “Note”) due August 18, 2021, based on $1.00 for each $1.00 paid by Wetzel and (ii) five-year Common Stock Purchase Warrants (“Warrants’) to purchase up to an aggregate of 5,000 shares of the Company’s Common Stock at an exercise price of $30.00 per share. The aggregate cash subscription amount received by the Company from Wetzel for the issuance of the Note and Warrants was $25,000 which was issued at a $0 original issue discount from the face value of the Note. | | | The Company and Wetzel amended the convertible debt agreement as follows on October 20, 2020: | | ● | The parties amended the Note for the aggregate principal amount from $25,000 to $27,500. The aggregate cash subscription amount received by the Company from Wetzel for the issuance of the Note and Warrants was $25,000 which was issued at an amended $2,500 original issue discount from the face value of the Note. | | --- | --- | | ● | The parties amended the Warrants dated August 18, 2020, for the number of warrant shares from 5,000 warrant shares to 70,510 warrant shares at an exercise price of $0.59 per share. | | ● | The parties amended the Note for the maturity date from August 18, 2021 to October 20, 2021. | | | On October 28, 2020, Wetzel elected to convert the aggregate principal amount of the Note, $27,500, into 70,510 common shares. | | --- | --- | | ● | September 17, 2020 (Convertible Note Payable - $181,500) – On September 17, 2020 (the “Original Issue Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with respect to the sale and issuance to institutional investor Osher Capital Partners LLC (“Osher”) of (i) $181,500 aggregate principal amount of Original Issue Discount Senior Convertible Debenture (the “Note”) due September 30, 2021, based on $1.00 for each $0.90909 for each $1.00 paid by Osher and (ii) five-year Common Stock Purchase Warrants (“Warrants’) to purchase up to an aggregate of 8,250 shares of the Company’s Common Stock at an exercise price of $30.00 per share. The aggregate cash subscription amount received by the Company from Osher for the issuance of the Note and Warrants was $165,000 which was issued at a $16,500 original issue discount from the face value of the Note. | | | The Company and Osher amended the convertible debt agreement as follows on October 20, 2020: | | ● | The parties amended the Warrants dated September 17, 2020, for the number of warrant shares from 8,250 warrant shares to 465,366 warrant shares at an exercise price of $0.59 per share. | | --- | --- | | ● | The parties amended the Note for the maturity date from September 30, 2021 to October 20, 2021. |

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| --- | | ● | September 18, 2020 (Convertible Note Payable - $93,500) – On September 18, 2020 (the “Original Issue Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with respect to the sale and issuance to institutional investor Brio Capital Maser Fund, Ltd. (“Brio”) of (i) $93,500 aggregate principal amount of Original Issue Discount Senior Convertible Debenture (the “Note”) due September 30, 2021, based on $1.00 for each $0.90909 for each $1.00 paid by Brio and (ii) five-year Common Stock Purchase Warrants (“Warrants’) to purchase up to an aggregate of 4,250 shares of the Company’s Common Stock at an exercise price of $30.00 per share. The aggregate cash subscription amount received by the Company from Brio for the issuance of the Note and Warrants was $85,000 which was issued at a $8,500 original issue discount from the face value of the Note. | | --- | --- | | | The Company and Brio amended the convertible debt agreement as follows on October 20, 2020: | | ● | The parties amended the Warrants dated September 18, 2020, for the number of warrant shares from 4,250 warrant shares to 239,734 warrant shares at an exercise price of $0.59 per share. | | --- | --- | | ● | The parties amended the Note for the maturity date from September 30, 2021 to October 20, 2021. | | On December 2, 2020, Brio elected to convert the aggregate principal amount of the Note, $93,500, into 239,734 common shares. | | --- | | ● | September 21, 2020 (Convertible Note Payable - $165,000) – On September 21, 2020 (the “Original Issue Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with respect to the sale and issuance to institutional investor Joseph Eisenberger (“Eisenberger”) of (i) $165,000 aggregate principal amount of Original Issue Discount Senior Convertible Debenture (the “Note”) due September 30, 2021, based on $1.00 for each $0.90909 for each $1.00 paid by Eisenberger and (ii) five-year Common Stock Purchase Warrants (“Warrants’) to purchase up to an aggregate of 7,500 shares of the Company’s Common Stock at an exercise price of $30.00 per share. The aggregate cash subscription amount received by the Company from Eisenberger for the issuance of the Note and Warrants was $150,000 which was issued at a $15,000 original issue discount from the face value of the Note. | | --- | --- | | The Company and Eisenberger amended the convertible debt agreement as follows on October 20, 2020: | | --- | | ● | The parties amended the number of shares from the Warrants dated September 21, 2020, for the number of warrant shares from 7,500 warrant shares to 423,060 warrant shares at an exercise price of $0.59 per share. | | --- | --- | | ● | The parties amended the Note for the maturity date from September 30, 2021 to October 20, 2021. | | On November 5, 2020, Eisenberger elected to convert the aggregate principal amount of the Note, $165,000, into 423,060 common shares. | | --- | | ● | September 28, 2020 (Convertible Note Payable - $27,500, as amended on October 20, 2020 to $22,000) – On September 28, 2020 (the “Original Issue Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with respect to the sale and issuance to institutional investor Ross DiMaggio (“DiMaggio”) of (i) $27,500 aggregate principal amount of Original Issue Discount Senior Convertible Debenture (the “Note”) due August 28, 2021, based on $1.00 for each $0.90909 for each $1.00 paid by DiMaggio and (ii) five-year Common Stock Purchase Warrants (“Warrants’) to purchase up to an aggregate of 1,000 shares of the Company’s Common Stock at an exercise price of $30.00 per share. The aggregate cash subscription amount received by the Company from DiMaggio for the issuance of the Note and Warrants was $20,000 which was issued at a $7,500 original issue discount from the face value of the Note. | | --- | --- |

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| --- | | The Company and DiMaggio amended the convertible debt agreement as follows on October 20, 2020: | | --- | | ● | The parties amended the Note for the aggregate principal amount from $27,500 to $22,000. The aggregate cash subscription amount received by the Company from DiMaggio for the issuance of the Note and Warrants was $20,000 which was issued at an amended $2,000 original issue discount from the face value of the Note. | | --- | --- | | ● | The parties amended the Warrants dated September 28, 2020, for the number of warrant shares from 1,000 warrant shares to 56,408 warrant shares at an exercise price of $0.59 per share. | | ● | The parties amended the Note for the maturity date from August 18, 2021 to October 20, 2021. | | On October 27, 2020, DiMaggio elected to convert the aggregate principal amount of the Note, $22,000, into 56,408 common shares. | | --- | | ● | September 29, 2020 (Convertible Note Payable - $33,000) – On September 29, 2020 (the “Original Issue Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with respect to the sale and issuance to institutional investor David W. Unger (“Unger”) of (i) $33,000 aggregate principal amount of Original Issue Discount Senior Convertible Debenture (the “Note”) due August 18, 2021, based on $1.00 for each $0.90909 for each $1.00 paid by Unger and (ii) five-year Common Stock Purchase Warrants (“Warrants’) to purchase up to an aggregate of 1,500 shares of the Company’s Common Stock at an exercise price of $30.00 per share. The aggregate cash subscription amount received by the Company from Unger for the issuance of the Note and Warrants was $30,000 which was issued at a $3,000 original issue discount from the face value of the Note. | | --- | --- | | The Company and Unger amended the convertible debt agreement as follows on October 20, 2020: | | --- | | ● | The parties amended the Warrants dated September 29, 2020, for the number of warrant shares from 1,500 warrant shares to 84,612 warrant shares at an exercise price of $0.59 per share. | | --- | --- | | ● | The parties amended the Note for the maturity date from August 18, 2021 to October 20, 2021. | | On October 26, 2020, Unger elected to convert the aggregate principal amount of the Note, $33,000, into 84,612 common shares. | | --- |

There were no other events subsequent to December 31, 2019, and up to the date of this filing that would require disclosure.

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Exhibit99.2

SIGYNTHERAPEUTICS, INC.

Indexto Financial Statements

CONTENTS

Unaudited<br> Condensed Financial Statements
	Page
Unaudited<br> Condensed Balance Sheets	2
Unaudited<br> Condensed Statements of Operations	3
Unaudited<br> Statements of Changes in Stockholders’ Deficit	4
Unaudited<br> Condensed Statement of Cash Flows	5
Notes<br> to Unaudited Condensed Financial Statements	6

SIGYNTHERAPEUTICS, INC.

UNAUDITED CONDENSED BALANCE SHEETS

			December<br> 31,
			2019
ASSETS
Current assets:
Cash	365,145		$	-
Total current assets	365,145			-
Intangible<br> assets	10,199			-
Total<br> assets	375,344		$	-
LIABILITIES AND STOCKHOLDERS’<br> DEFICIT
Current liabilities:
Accounts payable	1,090		$	910
Accrued<br> payroll taxes	22,021			-
Total<br> current liabilities	23,111			910
Long-term liabilities:
Convertible<br> notes, net of unamortized debt discount of 100,299 and 0 at September 30, 2020 and December 31, 2019, respectively	849,576			-
Total<br> long-term liabilities	849,576			-
Total liabilities	872,687			910
Commitments and contingencies
Stockholders’<br> deficit
Common units, 0.001 par value, 1,000,000<br> shares authorized; 500,000 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	500			500
Additional paid-in-capital	223,700			140
Accumulated deficit	(721,543	)		(1,550	)
Total stockholders’<br> deficit	(497,343	)		(910	)
Total<br> liabilities and stockholders’ deficit	375,344		$	-

All values are in US Dollars.

See accompanying notes to unaudited condensed financial statements

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SIGYNTHERAPEUTICS, INC.

UNAUDITED CONDENSED STATEMENTS OF OPERATIONS

							From<br> Date of
							Formation
	For<br> the Nine			For<br> the Three			(October<br> 29,
	Months<br> Ended			Months<br> Ended			2019)<br> to
	September<br> 30,			September<br> 30,			December<br> 31,
	2020			2020			2019
	(unaudited)			(unaudited)			(audited)
Revenues	$	-		$	-		$	-
Cost of Sales		-			-			-
Gross Profit		-			-			-
Operating expenses:
Marketing<br> expenses		505			400			-
Research and development		1,978			-			-
General<br> and administrative		569,384			202,576			1,550
Total<br> operating expenses		571,867			202,976			1,550
Loss from operations		(571,867	)		(202,976	)		(1,550	)
Other expense:
Interest<br> expense		148,126			60,262			-
Total other expense,<br> net		148,126			60,262			-
Loss before income taxes		(719,993	)		(263,238	)		(1,550	)
Income<br> taxes		-			-			-
Net<br> loss	$	(719,993	)	$	(263,238	)	$	(1,550	)
Net loss per<br> share, basic and diluted	$	(1.44	)	$	(0.53	)	$	(0.00	)
Weighted average number of shares outstanding
Basic<br> and diluted		500,000			500,000			500,000

See accompanying notes to unaudited condensed financial statements

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SIGYNTHERAPEUTICS, INC.

STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

											Total
	Common<br> Shares				Additional<br> Paid			Accumulated			Stockholders’
	Shares		Amount		in<br> Capital			Deficit			Deficit
Balance as of October 29, 2019 (Date<br> of Formation)		-	$	-	$	-		$	-		$	-
Issuance of common stock<br> to founders		500,000		500		(500	)		-			-
Expenses paid by founders		-		-		640						640
Net loss		-		-		-			(1,550	)		(1,550	)
Balance as of<br> December 31, 2019		500,000	$	500	$	140		$	(1,550	)	$	(910	)
Issuance of warrants with short-term<br> convertible notes		-		-		223,560						223,560
Net loss		-		-		-			(719,993	)		(719,993	)
Balance as of<br> September 30, 2020		500,000	$	500	$	223,700		$	(721,543	)	$	(497,343	)

See accompanying notes to unaudited condensed financial statements

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SIGYNTHERAPEUTICS, INC.

UNAUDITEDCONDENSED STATEMENT OF CASH FLOWS






Cash flows from operating activities:
Net<br> loss	(719,993	)
Adjustments to reconcile<br> net loss to net cash provided by (used in) operating activities:
Amortization expense	600
Accretion of debt<br> discount and debt issuance costs	148,136
Changes in operating<br> assets and liabilities:
Accounts payable	180
Accrued<br> payroll taxes	22,021
Net<br> cash used in operating activities	(549,056	)
Cash flows from investing activities:
Purchases<br> of computer equipment	(10,799	)
Net<br> cash used in investing activities	(10,799	)
Cash flows from financing activities:
Proceeds<br> from long-term notes, net of debt issuance costs of 85,500	925,000
Net<br> cash provided by financing activities	925,000
Net decrease<br> in cash	365,145
Cash at beginning of period	-
Cash at end of period	365,145
Supplemental disclosures of cash flow<br> information:
Cash paid during<br> the period for:
Interest	-
Income taxes	-
Non-cash investing and financing activities:
Warrants issued<br> to third party in conjunction with debt issuance	223,560
Total debt issuance<br> costs at origination	85,500

All values are in US Dollars.

See accompanying notes to unaudited condensed financial statements

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SIGYNTHERAPEUTICS, INC.

NOTESTO THE FINANCIAL STATEMENTS

FORTHE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020 AND 2019

NOTE1 – ORGANIZATION AND PRINCIPAL ACTIVITIES

CorporateHistory and Background

Sigyn Therapeutics, Inc. (“Sigyn” or the “Company”) was established on October 29, 2019 in the State of Delaware.

The Company is an development-stage therapeutic technology company headquartered in San Diego, California USA whose focus is to address a significant unmet need in global health: the treatment of life-threatening inflammatory conditions precipitated by Cytokine Storm Syndrome, a hyperactive immune response that can induce multiple organ failure and cause death.

Upon the Closing of, and as a result of, the Acquisition, Sigyn became a wholly-owned subsidiary of the Company, and following the consummation of the Acquisition and giving effect to the issuance of the Company’s shares of common stock as part of the Acquisition, as well as additional shares of common stock to be issued to noteholders and warrant holders of both the Company and Sigyn, the stockholders of Sigyn will beneficially own approximately Seventy-five percent (75%) of the issued and outstanding Common Stock of the Company on a fully diluted basis. As part of the Acquisition, Sigyn may offer, in a private placement transaction up to $1,500,000 of convertible notes, of which the Company’s shareholders may invest up to $500,000, which convertible notes shall have a term of one year and pay an Original Issuer Discount (OID) of 10% and a note conversion price of $20 (based on an approximate Sigyn valuation of $12,500,000) and the noteholders shall receive a five-year warrant to purchase a common share based on a price equal to $30 (based on an approximate Sigyn valuation of $17,500,000.

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To learn more, visit www.SigynTherapeutics.com or www.SigynTherapy.com

The Company has not begun its planned principal operations, and accordingly, the Company has prepared its financial statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

NOTE2 – BASIS OF PRESENTATION

GoingConcern

The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company had an accumulated deficit of approximately $722,000 at September 30, 2020, had working capital of approximately $342,000 at September 30, 2020 and a working capital deficit of $910 at December 31, 2019, respectively, had a net loss of approximately $720,000 for the nine months ended September 30, 2020, and net cash used in operating activities of approximately $549,000 for the nine months ended September 30, 2020, with limited revenue earned since inception, and a lack of operational history. These matters raise substantial doubt about the Company’s ability to continue as a going concern.

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The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

NOTE3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Useof Estimates

Cash

The Company’s cash is held in bank accounts in the United States and is insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. The Company has not experienced any cash losses.

IncomeTaxes

Advertisingand Marketing Costs

Advertising expenses are recorded as general and administrative expenses when they are incurred. There was no advertising expense for the periods presented.

RevenueRecognition

1.	Identification<br> of the contract, or contracts, with a customer.
2.	Identification<br> of the performance obligations in the contract.
3.	Determination<br> of the transaction price.
4.	Allocation<br> of the transaction price to the performance obligations in the contract
5.	Recognition<br> of revenue when, or as, we satisfy a performance obligation.

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At contract inception, the Company assesses the services promised in our contracts with customers and identifies a performance obligation for each promise to transfer to the customer a service (or bundle of services) that is distinct. To identify the performance obligations, the Company considers all of the services promised in the contract regardless of whether they are explicitly stated or are implied by customary business practices.

The following conditions must be met before revenue can be recognized: (i) there is persuasive evidence that an arrangement exists, (ii) (iii) the price is fixed or determinable, and (iv) collection is reasonably assured. The Company provides for an allowance for doubtful account based history and experience considering economic and industry trends. The Company does not expect to have any off-Balance Sheet exposure related to its customers.

For the three and nine months ended September 30, 2020 and from inception (October 29, 2019) through December 31, 2019, we had no revenue.

Propertyand Equipment

IntangibleAssets

Intangible assets consist primarily of developed technology – website. Our intangible assets are being amortized on a straight-line basis over a period of three years.

Assignmentof Patent

On January 8, 2020, James Joyce, the Company’s CEO and Craig Roberts, the Company’s COO, assigned to the Company the rights to patent 62/881,740 pertaining to the devices, systems and methods for the broad-spectrum reduction of pro-inflammatory cytokines in blood.

Impairmentof Long-lived Assets

Our impairment analyses require management to apply judgment in estimating future cash flows as well as asset fair values, including forecasting useful lives of the assets, assessing the probability of different outcomes, and selecting the discount rate that reflects the risk inherent in future cash flows. If the carrying value is not recoverable, we assess the fair value of long-lived assets using commonly accepted techniques, and may use more than one method, including, but not limited to, recent third-party comparable sales and discounted cash flow models. If actual results are not consistent with our assumptions and estimates, or our assumptions and estimates change due to new information, we may be exposed to an impairment charge in the future. For the three and nine months ended September 30, 2020 and from inception (October 29, 2019) through December 31, 2019, the Company had not experienced impairment losses on its long-lived assets. However, there can be no assurances that the demand for the Company’s products and services will continue, which could result in an impairment of long-lived assets in the future.

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FairValue of Financial Instruments

The provisions of accounting guidance, FASB Topic ASC 825 requires all entities to disclose the fair value of financial instruments, both assets and liabilities recognized and not recognized on the balance sheet, for which it is practicable to estimate fair value, and defines fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties. As of September 30, 2020, the fair value of cash, accounts payable, accrued expenses, and notes payable approximated carrying value due to the short maturity of the instruments, quoted market prices or interest rates which fluctuate with market rates.

FairValue Measurements

●	Level<br> 1 – Quoted prices in active markets for identical assets or liabilities.
●	Level<br> 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar<br> assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated<br> by observable market data for substantially the full term of the assets or liabilities.
●	Level<br> 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the measurement<br> of the fair value of the assets or liabilities

Basicand diluted earnings per share

The total number of potential additional dilutive securities outstanding for the three and nine months ended September 30, 2020 and for the period from inception (October 29, 2019) through December 31, 2019 was none.

StockBased Compensation

In accordance with ASC No. 718, Compensation – Stock Compensation (“ASC 718”), we measure the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. Share-based compensation arrangements include stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. As such, compensation cost is measured on the date of grant at their fair value. Such compensation amounts, if any, are amortized over the respective vesting periods of the option grant. We apply this statement prospectively. Equity instruments (“instruments”) issued to other than employees are recorded on the basis of the fair value of the instruments, as required by ASC 718. ASC No. 505, EquityBased Payments to Non-Employees (“ASC 505”) defines the measurement date and recognition period for such instruments. In general, the measurement date is (a) when a performance commitment, as defined, is reached or (b) when the earlier of (i) the non-employee performance is complete or (ii) the instruments are vested. The measured value related to the instruments is recognized over a period based on the facts and circumstances of each particular grant as defined in the ASC 505. We have no stock based compensation for the three and nine months ended September 30, 2020 and for the period from inception (October 29, 2019) through December 31, 2019.

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RelatedParties

Related parties are any entities or individuals that, through employment, ownership or other means, possess the ability to direct or cause the direction of the management and policies of the Company.

Concentrations,Risks, and Uncertainties

Business Risk

Substantial business risks and uncertainties are inherent to an entity, including the potential risk of business failure.

The Company is headquartered and operates in the United States. To date, the Company has generated limited revenues from operations. There can be no assurance that the Company will be able to successfully continue to produce its products and failure to do so would have a material adverse effect on the Company’s financial position, results of operations and cash flows. Also, the success of the Company’s operations is subject to numerous contingencies, some of which are beyond management’s control. These contingencies include general economic conditions, price of raw material, competition, and governmental and political conditions.

Interest rate risk

Financial assets and liabilities do not have material interest rate risk.

Credit risk

The Company is exposed to credit risk from its cash in banks and accounts receivable. The credit risk on cash in banks is limited because the counterparties are recognized financial institutions.

There were no customers that accounted for 10% or more of total revenue for the three and nine months ended December 31, 2019. There were no customers that comprised 10% or more of accounts receivable at September 30, 2019 and December 31, 2019.

Seasonality

The business is not subject to substantial seasonal fluctuations.

Major Suppliers

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RecentAccounting Pronouncements

Other recently issued accounting updates are not expected to have a material impact on the Company’s consolidated financial statements.

NOTE4 – INTANGIBLE ASSETS

Intangible assets consisted of the following as of:

	Estimated<br> life	September<br> 30, 2020			December<br> 31, 2019
Website	3 years	$	10,799		$	-
Accumulated amortization			(600	)		-
		$	10,199		$	-

As of September 30, 2020, estimated future amortization expenses related to intangible assets were as follows:

	Intangible<br> Assets
2020	$	900
2021		3,600
2022		3,600
2023		2,099
	$	10,199

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The Company had amortization expense of $600, $600, and $0 for the three and nine months ended September 30, 2020 and for the year ended December 31, 2019, respectively.

NOTE5 – Convertible Promissory DEBENTURES

Convertible notes payable consisted of the following:

			December<br> 31, 2019
January 28, 2020<br> (385,000) – 0% interest per annum outstanding principal and interest due October 20, 2021	385,000		$	-
June 23, 2020 (50,000)<br> – 0% interest per annum outstanding principal and interest due October 20, 2021	50,000			-
June 23, 2020 (50,000)<br> – 0% interest per annum outstanding principal and interest due October 20, 2021	50,000			-
August 18, 2020 (25,000)<br> – 0% interest per annum outstanding principal and interest due October 20, 2021	25,000			-
September 17, 2020 (181,500)<br> – 0% interest per annum outstanding principal and interest due October 20, 2021	181,500			-
September 18, 2020 (93,500)<br> – 0% interest per annum outstanding principal and interest due October 20, 2021	93,500			-
September 21, 2020 (165,000)<br> – 0% interest per annum outstanding principal and interest due October 20, 2021	165,000			-
September 28, 2020 (27,500)<br> – 0% interest per annum outstanding principal and interest due October 20, 2021	27,500			-
September<br> 28, 2020 (33,000) – 0% interest per annum outstanding principal and interest due October 20, 2021	33,000			-
Total convertible notes payable	1,010,500			-
Original issue discount	(60,625	)
Debt discount	(100,299	)		-
Total convertible<br> notes payable	849,576		$	-

All values are in US Dollars.

Principal payments on convertible promissory debentures are due as follows:

Year ending December 31,
2020	$	-
2021		1,010,500

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Osher– $385,000

On January 28, 2020 (the “Original Issue Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with respect to the sale and issuance to institutional investor Osher Capital Partners LLC (“Osher”) of (i) $385,000 aggregate principal amount of Original Issue Discount Senior Convertible Debenture due January 26, 2021, based on $1.00 for each $0.90909 for each $1.00 paid by Osher and (ii) five-year Common Stock Purchase Warrants to purchase up to an aggregate of 80,209 shares of the Company’s Common Stock at an exercise price of $7.00 per share. The aggregate cash subscription amount received by the Company from Osher for the issuance of the note and warrants was $350,005 which was issued at a $34,995 original issue discount from the face value of the Note.

The Company and Osher amended the convertible debt agreement as follows on October 20, 2020:

●	The<br> parties amended the Warrants dated January 28, 2020, for the number of warrant shares from 80,209 warrant shares to 4,113,083<br> warrant shares at an exercise price of $0.14 per share.
●	The<br> parties amended the Note for the maturity date from June 23, 2021 to October 20, 2021.

Osher– $50,000 (as amended on October 20, 2020 to $55,000)

On June 23, 2020 (the “Original Issue Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with respect to the sale and issuance to institutional investor Osher Capital Partners LLC (“Osher”) of (i) $50,000 aggregate principal amount of Original Issue Discount Senior Convertible Debenture (the “Note”) due June 23, 2021, based on $1.00 for each $0.90909 for each $1.00 paid by Osher and (ii) five-year Common Stock Purchase Warrants (“Warrants”) to purchase up to an aggregate of 10,000 shares of the Company’s Common Stock at an exercise price of $30.00 per share. The aggregate cash subscription amount received by the Company from Osher for the issuance of the Note and Warrants was $50,005 which was issued at a $0 original issue discount from the face value of the Note.

The Company and Osher amended the convertible debt agreement as follows on October 20, 2020:

●	The<br> parties amended the Note for the aggregate principal amount from $50,000 to $55,000. The aggregate cash subscription amount<br> received by the Company from Osher for the issuance of the Note and Warrants was $50,005 which was issued at an amended $4,995<br> original issue discount from the face value of the Note.
●	The<br> parties amended the Warrants dated June 23, 2020, for the number of warrant shares from 10,000 warrant shares to 141,020 warrant<br> shares at an exercise price of $0.59 per share.
●	The<br> parties amended the Note for the maturity date from June 23, 2021 to October 20, 2021.

Brio– $50,000 (as amended on October 20, 2020 to $55,000)

On June 23, 2020 (the “Original Issue Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with respect to the sale and issuance to institutional investor Brio Capital Maser Fund, Ltd. (“Brio”) of (i) $50,000 aggregate principal amount of Original Issue Discount Senior Convertible Debenture (the “Note”) due June 23, 2021, based on $1.00 for each $0.90909 for each $1.00 paid by Brio and (ii) five-year Common Stock Purchase Warrants (“Warrants’) to purchase up to an aggregate of 10,000 shares of the Company’s Common Stock at an exercise price of $30.00 per share. The aggregate cash subscription amount received by the Company from Brio for the issuance of the Note and Warrants was $50,000 which was issued at a $0 original issue discount from the face value of the Note.

The Company and Brio amended the convertible debt agreement as follows on October 20, 2020:

●	The<br> parties amended the Note for the aggregate principal amount from $50,000 to $55,000. The aggregate cash subscription amount<br> received by the Company from Brio for the issuance of the Note and Warrants was $50,000 which was issued at an amended $5,000<br> original issue discount from the face value of the Note.
●	The<br> parties amended the Warrants dated June 23, 2020, for the number of warrant shares from 10,000 warrant shares to 141,020 warrant<br> shares at an exercise price of $0.59 per share.
●	The<br> parties amended the Note for the maturity date from June 23, 2021 to October 20, 2021.

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On December 2, 2020, Brio elected to convert the aggregate principal amount of the Note, $55,000, into 141,020 common shares.

Wetzel- $25,000 (as amended on October 20, 2020 to $27,500)

On August 18, 2020 (the “Original Issue Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with respect to the sale and issuance to institutional investor Christopher Wetzel (“Wetzel”) of (i) $25,000 aggregate principal amount of Original Issue Discount Senior Convertible Debenture (the “Note”) due August 18, 2021, based on $1.00 for each $0.90909 for each $1.00 paid by Wetzel and (ii) five-year Common Stock Purchase Warrants (“Warrants’) to purchase up to an aggregate of 5,000 shares of the Company’s Common Stock at an exercise price of $30.00 per share. The aggregate cash subscription amount received by the Company from Wetzel for the issuance of the Note and Warrants was $25,000 which was issued at a $0 original issue discount from the face value of the Note.

The Company and Wetzel amended the convertible debt agreement as follows on October 20, 2020:

●	The<br> parties amended the Note for the aggregate principal amount from $25,000 to $27,500. The aggregate cash subscription amount<br> received by the Company from Wetzel for the issuance of the Note and Warrants was $25,000 which was issued at an amended $2,500<br> original issue discount from the face value of the Note.
●	The<br> parties amended the Warrants dated August 18, 2020, for the number of warrant shares from 5,000 warrant shares to 70,510 warrant<br> shares at an exercise price of $0.59 per share.
●	The<br> parties amended the Note for the maturity date from August 18, 2021 to October 20, 2021.

On October 28, 2020, Wetzel elected to convert the aggregate principal amount of the Note, $27,500, into 70,510 common shares.

Osher– $181,500

On September 17, 2020 (the “Original Issue Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with respect to the sale and issuance to institutional investor Osher Capital Partners LLC (“Osher”) of (i) $181,500 aggregate principal amount of Original Issue Discount Senior Convertible Debenture (the “Note”) due September 30, 2021, based on $1.00 for each $0.90909 for each $1.00 paid by Osher and (ii) five-year Common Stock Purchase Warrants (“Warrants’) to purchase up to an aggregate of 8,250 shares of the Company’s Common Stock at an exercise price of $30.00 per share. The aggregate cash subscription amount received by the Company from Osher for the issuance of the Note and Warrants was $165,000 which was issued at a $16,500 original issue discount from the face value of the Note.

The Company and Osher amended the convertible debt agreement as follows on October 20, 2020:

●	The<br> parties amended the Warrants dated September 17, 2020, for the number of warrant shares from 8,250 warrant shares to 465,366<br> warrant shares at an exercise price of $0.59 per share.
●	The<br> parties amended the Note for the maturity date from September 30, 2021 to October 20, 2021.

Brio– $93,500

On September 18, 2020 (the “Original Issue Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with respect to the sale and issuance to institutional investor Brio Capital Maser Fund, Ltd. (“Brio”) of (i) $93,500 aggregate principal amount of Original Issue Discount Senior Convertible Debenture (the “Note”) due September 30, 2021, based on $1.00 for each $0.90909 for each $1.00 paid by Brio and (ii) five-year Common Stock Purchase Warrants (“Warrants’) to purchase up to an aggregate of 4,250 shares of the Company’s Common Stock at an exercise price of $30.00 per share. The aggregate cash subscription amount received by the Company from Brio for the issuance of the Note and Warrants was $85,000 which was issued at a $8,500 original issue discount from the face value of the Note.

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The Company and Brio amended the convertible debt agreement as follows on October 20, 2020:

●	The<br> parties amended the Warrants dated September 18, 2020, for the number of warrant shares from 4,250 warrant shares to 239,734<br> warrant shares at an exercise price of $0.59 per share.
●	The<br> parties amended the Note for the maturity date from September 30, 2021 to October 20, 2021.

On December 2, 2020, Brio elected to convert the aggregate principal amount of the Note, $93,500, into 239,734 common shares.

Eisenberger- $165,000

On September 21, 2020 (the “Original Issue Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with respect to the sale and issuance to institutional investor Joseph Eisenberger (“Eisenberger”) of (i) $165,000 aggregate principal amount of Original Issue Discount Senior Convertible Debenture (the “Note”) due September 30, 2021, based on $1.00 for each $0.90909 for each $1.00 paid by Eisenberger and (ii) five-year Common Stock Purchase Warrants (“Warrants’) to purchase up to an aggregate of 7,500 shares of the Company’s Common Stock at an exercise price of $30.00 per share. The aggregate cash subscription amount received by the Company from Eisenberger for the issuance of the Note and Warrants was $150,000 which was issued at a $15,000 original issue discount from the face value of the Note.

The Company and Eisenberger amended the convertible debt agreement as follows on October 20, 2020:

●	The<br> parties amended the number of shares from the Warrants dated September 21, 2020, for the number of warrant shares from 7,500<br> warrant shares to 423,060 warrant shares at an exercise price of $0.59 per share.
●	The<br> parties amended the Note for the maturity date from September 30, 2021 to October 20, 2021.

On November 5, 2020, Eisenberger elected to convert the aggregate principal amount of the Note, $165,000, into 423,060 common shares.

DiMaggio– $27,500 (as amended on October 20, 2020 to $22,000)

On September 28, 2020 (the “Original Issue Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with respect to the sale and issuance to institutional investor Ross DiMaggio (“DiMaggio”) of (i) $27,500 aggregate principal amount of Original Issue Discount Senior Convertible Debenture (the “Note”) due August 28, 2021, based on $1.00 for each $0.90909 for each $1.00 paid by DiMaggio and (ii) five-year Common Stock Purchase Warrants (“Warrants’) to purchase up to an aggregate of 1,000 shares of the Company’s Common Stock at an exercise price of $30.00 per share. The aggregate cash subscription amount received by the Company from DiMaggio for the issuance of the Note and Warrants was $20,000 which was issued at a $7,500 original issue discount from the face value of the Note.

The Company and DiMaggio amended the convertible debt agreement as follows on October 20, 2020:

●	The<br> parties amended the Note for the aggregate principal amount from $27,500 to $22,000. The aggregate cash subscription amount<br> received by the Company from Wetzel for the issuance of the Note and Warrants was $20,000 which was issued at an amended $2,000<br> original issue discount from the face value of the Note.
●	The<br> parties amended the Warrants dated September 28, 2020, for the number of warrant shares from 1,000 warrant shares to 56,408<br> warrant shares at an exercise price of $0.59 per share.
●	The<br> parties amended the Note for the maturity date from August 18, 2021 to October 20, 2021.

On October 27, 2020, DiMaggio elected to convert the aggregate principal amount of the Note, $22,000, into 56,408 common shares.

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Unger– $33,000

On September 29, 2020 (the “Original Issue Date”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with respect to the sale and issuance to institutional investor David W. Unger (“Unger”) of (i) $33,000 aggregate principal amount of Original Issue Discount Senior Convertible Debenture (the “Note”) due August 18, 2021, based on $1.00 for each $0.90909 for each $1.00 paid by Unger and (ii) five-year Common Stock Purchase Warrants (“Warrants’) to purchase up to an aggregate of 1,500 shares of the Company’s Common Stock at an exercise price of $30.00 per share. The aggregate cash subscription amount received by the Company from Unger for the issuance of the Note and Warrants was $30,000 which was issued at a $3,000 original issue discount from the face value of the Note.

The Company and Unger amended the convertible debt agreement as follows on October 20, 2020:

●	The<br> parties amended the Warrants dated September 29, 2020, for the number of warrant shares from 1,500 warrant shares to 84,612<br> warrant shares at an exercise price of $0.59 per share.
●	The<br> parties amended the Note for the maturity date from August 18, 2021 to October 20, 2021.

On October 26, 2020, Unger elected to convert the aggregate principal amount of the Note, $33,000, into 84,612 common shares.

NOTE6 – STOCKHOLDERS’ DEFICIT

The Company has authorized 1,000,000 shares of par value $0.001 common stock, of which 500,000 shares are outstanding at December 31, 2019.

NOTE7 – Related Party Transactions

Other than as set forth below, and as disclosed in Note 6, there have not been any transaction entered into or been a participant in which a related person had or will have a direct or indirect material interest.

Sigyn had no employment agreement with its CEO and COO but Sigyn still incurred compensation on behalf of the CEO and COO.

The Company incurred compensation expense of $75,000, $300,260 and $0 and employee benefits of $5,106, $15,318, and $0 for the three and nine months ended September 30, 2020 and for the year ended December 31, 2019, respectively, to James Joyce, the Company’s CEO.

The Company incurred compensation expense of $30,000, $168,015 and $0 and employee benefits of $5,106, $15,318, and $0 for the three and nine months ended September 30, 2020 and for the year ended December 31, 2019, respectively, to Craig Roberts, the Company’s COO.

NOTE8 – COMMITMENTS AND CONTINGENCIES

Legal

NOTE9 – SUBSEQUENT EVENTS

The Company evaluated all events or transactions that occurred after September 30, 2020 up through the date the financial statements were available to be issued. During this period, the Company did not have any material recognizable subsequent events required to be disclosed as of and for the period ended September 30, 2020 except for the following:

OperationalMilestones

●

December 1, 2020 (Report of In Vitro Study Results) – On December 1, 2020, the Company reported the results of an in vitro study that demonstrated the ability of Sigyn Therapy to deplete the presence of critical inflammatory targets from human blood plasma. In the study, Sigyn Therapy simultaneously reduced the presence of endotoxin and relevant pro-inflammatory cytokines, which included Interleukin-1 Beta (IL-1B), Interleukin-6 (IL-6) and Tumor Necrosis Factor alpha (TNF-a). Endotoxin (lipopolysaccharide or LPS) is a potent mediator implicated in the pathogenesis of sepsis and septic shock. The dysregulated over-production of IL-1B, IL-6 and TNF-a can induce organ failure and cause death.

There were no other events subsequent to September 30, 2020, and up to the date of this filing that would require disclosure.

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Exhibit99.3

SIGYNTHERAPEUTICS, INC.

UNAUDITEDPROFORMA

CONDENSEDCOMBINED FINANCIAL STATEMENTS

TABLEOF CONTENTS

****	Page
UNAUDITED PROFORMA CONDENSED COMBINED FINANCIAL STATEMENTS:	****
PROFORMA CONDENSED COMBINED BALANCE SHEET AS OF SEPTEMBER 30, 2020	3
PROFORMA CONDENSED COMBINED STATEMENT OF OPERATIONS - FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2020	4
PROFORMA CONDENSED COMBINED STATEMENT OF OPERATIONS - FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2020	5
PROFORMA CONDENSED COMBINED STATEMENT OF OPERATIONS - FOR THE YEAR ENDED DECEMBER 31, 2019	6
NOTES AND ASSUMPTIONS TO THE UNAUDITED PROFORMA CONDENSED FINANCIAL STATEMENTS	7

SIGYNTHERAPEUTICS, INC.

UNAUDITEDPROFORMA CONDENSED COMBINED FINANCIAL STATEMENTS

OFTHE COMPANY FOR THE YEAR ENDED DECEMBER 31, 2019 AND

ASOF AND FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2020

The following unaudited proforma condensed combined financial statements give effect to the October 19, 2020 Share Exchange Agreement whereby Reign Resources Corporation, a Delaware corporation (“Registrant”) will acquire 100% of the issued and outstanding shares of common stock of Sigyn Therapeutics, Inc. (“Sigyn” or the “Company”), in exchange for a total of 75% of the fully paid and nonassessable shares of the Registrant’s common stock outstanding immediately following the Closing of the Agreement (the “Acquisition”). The Company is an early-stage therapeutic technology company headquartered in San Diego, California USA whose focus is to address a significant unmet need in global health; the treatment of life-threatening inflammatory conditions precipitated by Cytokine Storm Syndrome, a hyperactive immune response that can induce multiple organ failure and cause death. Upon the closing of the Acquisition, the Company extinguished all previously reported liabilities, its preferred class of shares, and all stock purchase options. The reported liabilities totaling $3,429,516 converted into a total of 7,907,351 common shares

The acquisition will be accounted for as a “reverse merger’’ and recapitalization since the stockholders of SDI will own a majority of the outstanding shares of the common stock immediately following the completion of the transaction assuming that holders of 10% of the Public Shares exercise their conversion rights. SDI will be deemed to be the accounting acquirer in the transaction and, consequently, the transaction is treated as a recapitalization of SDI. Accordingly, the assets and liabilities and the historical operations that are reflected in the financial statements are those of SDI and are recorded at the historical cost basis of SDI. North Shore’s assets, liabilities and results of operations will be consolidated with the assets, liabilities and results of operations of SDI after consummation of the acquisition.

The unaudited proforma condensed combined balance sheet as of September 30, 2020, together with the unaudited condensed combined statements of operations for the year ended December 31, 2019 and for the three and nine months ended September 30, 2020 presented herein gives effect to the Acquisition as if the transaction had occurred at the beginning of such periods and includes certain adjustments that are directly attributable to the transaction which are expected to have a continuing impact on the Company, and are factually supportable, as summarized in the accompanying notes and assumptions. The unaudited condensed combined pro forma statements of operations and balance sheet are based on the historical financial statements of the Registrant and Sigyn for the nine months ended September 30, 2020 and for the year ended December 31, 2019.

The proforma condensed combined financial statements presented herein are unaudited and have been prepared for illustrative purposes only and are not necessarily indicative of the consolidated financial position or results of operations in future periods or the results that actually would have been realized had the Company and Sigyn been a combined company during the specified periods. The unaudited proforma condensed combined financial statements, including the notes and assumptions thereto, are qualified in their entirety by reference, and should be read in conjunction with:

●	The accompanying notes and assumptions to the unaudited proforma condensed combined financial statements.
●	the audited consolidated financial statements of the Company for the year ended December 31, 2019 and the related notes thereto, included in its Annual Report on Form 10-K and the unaudited consolidated financial statements of the Company for the three and nine months ended September 30, 2020 and the related notes thereto, included in its Quarterly Report on Form 10-Q both as filed with the Securities and Exchange Commission.
●	The audited financial statements of Sigyn for the year ended December 31, 2019 as filed herewith as Exhibit 99.1 to this Form 8-K.
●	The unaudited financial statements of Sigyn for the three and nine months ended September 30, 2020 and 2019 as filed herewith as Exhibit 99.2 to this Form 8-K.

The purchase price allocation for Sigyn takes into account the information management believes is reasonable.

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SIGYNTHERAPEUTICS, INC.

PROFORMACONDENSED COMBINED BALANCE SHEET

SEPTEMBER30, 2020

(Unaudited)

										Excluded
	Reign			Sigyn						Assets<br> and			Adjustment		Pro<br> Forma			Pro<br> Forma
	Corporation			Therapeutics			Combined			Liabilities			Letter		Adjustments			Combined
	(Historical)			(Historical)						(A)
ASSETS
Current assets:
Cash	$	-		$	365,145		$	365,145		$	-							$	365,145
Inventory		586,047			-			586,047			-								586,047
Total current assets		586,047			365,145			951,192			-								951,192
								-
Equipment, net		2,073			-			2,073			-					-			2,073
Intangible<br> assets		22,061			10,199			32,260			-					-			32,260
Total<br> assets	$	610,181		$	375,344		$	985,525		$	-							$	985,525
LIABILITIES AND STOCKHOLDERS’<br> DEFICIT
Current liabilities:
Accounts payable	$	38,745		$	1,090		$	39,835		$	(38,745	)						$	1,090
Accrued compensation<br> - related party		1,227,264			-			1,227,264			(1,227,264	)							-
Accrued payroll<br> taxes		-			22,021			22,021			-								22,021
Short term notes<br> payable		60,000			-			60,000			(60,000	)							-
Convertible notes<br> payable, less unamortized debt discount		1,894,711			849,576			2,744,287			(1,894,711	)							849,576
Other<br> current liabilities		208,796			-			208,796			(208,796	)							-
Total<br> current liabilities		3,429,516			872,687			4,302,203			(3,429,516	)							872,687
Total liabilities		3,429,516			872,687			4,302,203			(3,429,516	)							872,687
Commitments and contingencies
Stockholders’ deficit
Preferred stock		-			-			-			-								-
Common stock		64			500			564			791			B		2,064			3,419
Additional paid-in-capital		13,675,975			223,700			13,899,675			3,428,725			B		(2,064	)		17,326,336
Accumulated deficit		(16,495,374	)		(721,543	)		(17,216,917	)		-								(17,216,917	)
Total stockholders’<br> deficit		(2,819,335	)		(497,343	)		(3,316,678	)		3,429,516								112,838
Total<br> liabilities and stockholders’ deficit	$	610,181		$	375,344		$	985,525		$	-							$	985,525

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SIGYNTHERAPEUTICS, INC.

PROFORMACONDENSED COMBINED STATEMENT OF OPERATIONS

FORTHE NINE MONTHS ENDED SEPTEMBER 30, 2020

(Unaudited)

	Reign			Sigyn						Adjustment		Pro<br> Forma		Pro<br> Forma
	Corporation			Therapeutics			Combined			Letter		Adjustments		Combined
	(Historical)			(Historical)
Revenues	$	4,590		$	-			4,590					-	$	4,590
Cost<br> of Sales		2,062			-			2,062					-		2,062
Gross<br> Profit		2,528			-			2,528					-		2,528
Operating<br> expenses:
Marketing<br> expenses		968			505			1,473					-		1,473
Research<br> and development		-			1,978			1,978					-		1,978
Stock<br> based compensation - related party		43,250			-			43,250					-		43,250
General<br> and administrative		190,878			569,384			760,262					-		760,262
Total<br> operating expenses		235,096			571,867			806,963					-		806,963
Loss<br> from operations		(232,568	)		(571,867	)		(804,435	)				-		(804,435	)
Other<br> (income) expense:
Other<br> income		(2,000	)		-			(2,000	)				-		(2,000	)
Interest<br> expense		188,847			148,126			336,973					-		336,973
Total<br> other expense		186,847			148,126			334,973					-		334,973
Loss<br> before income taxes		(419,415	)		(719,993	)		(1,139,408	)				-		(1,139,408	)
Income<br> taxes		-			-			-					-		-
Net<br> loss	$	(419,415	)	$	(719,993	)	$	(1,139,408	)			$	-	$	(1,139,408	)
Net<br> loss per share, basic and diluted	$	(0.68	)	$	(1.44	)	$	(1.02	)			$	-	$	(0.04	)
Weighted<br> average number of shares outstanding
Basic<br> and diluted		614,040			500,000			1,114,040			C		25,140,000		26,254,040

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SIGYNTHERAPEUTICS, INC.

PROFORMACONDENSED COMBINED STATEMENT OF OPERATIONS

FORTHE THREE MONTHS ENDED SEPTEMBER 30, 2020

(Unaudited)

	Reign			Sigyn						Adjustment		Pro<br> Forma		Pro<br> Forma
	Corporation			Therapeutics			Combined			Letter		Adjustments		Combined
	(Historical)			(Historical)
Revenues	$	3,834		$	-			3,834					-	$	3,834
Cost<br> of Sales		1,799			-			1,799					-		1,799
Gross<br> Profit		2,035			-			2,035					-		2,035
Operating<br> expenses:
Marketing<br> expenses		-			400			400					-		400
General<br> and administrative		89,612			202,576			292,188					-		292,188
Total<br> operating expenses		89,612			202,976			292,588					-		292,588
Loss<br> from operations		(87,577	)		(202,976	)		(290,553	)				-		(290,553	)
Other<br> (income) expense:
Interest<br> expense		62,969			60,262			123,231					-		123,231
Total<br> other expense		62,969			60,262			123,231					-		123,231
Loss<br> before income taxes		(150,546	)		(263,238	)		(413,784	)				-		(413,784	)
Income<br> taxes		-			-			-					-		-
Net<br> loss	$	(150,546	)	$	(263,238	)	$	(413,784	)			$	-	$	(413,784	)
Net<br> loss per share, basic and diluted	$	(0.24	)	$	(0.53	)	$	(0.36	)			$	-	$	(0.02	)
Weighted<br> average number of shares outstanding
Basic<br> and diluted		638,789			500,000			1,138,789			C		25,140,000		26,278,789

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SIGYNTHERAPEUTICS, INC.

PROFORMACONDENSED COMBINED STATEMENT OF OPERATIONS

FORTHE YEAR ENDED DECEMBER 31, 2019

(Unaudited)

	Reign			Sigyn						Adjustment		Pro<br> Forma		Pro<br> Forma
	Corporation			Therapeutics			Combined			Letter		Adjustments		Combined
	(Historical)			(Historical)
Revenues	$	143,322		$	-			143,322					-	$	143,322
Cost<br> of Sales		35,665			-			35,665					-		35,665
Gross<br> Profit		107,657			-			107,657					-		107,657
Operating<br> expenses:
Marketing<br> expenses		11,831			-			11,831					-		11,831
General<br> and administrative		613,784			1,550			615,334					-		615,334
Total<br> operating expenses		625,615			1,550			627,165					-		627,165
Loss<br> from operations		(517,958	)		(1,550	)		(519,508	)				-		(519,508	)
Other<br> expense:
Modification<br> of debt		2,739,847			-			2,739,847					-		2,739,847
Interest<br> expense		55,200			-			55,200					-		55,200
Total<br> other expense		2,795,047			-			2,795,047					-		2,795,047
Loss<br> before income taxes		(3,313,005	)		(1,550	)		(3,314,555	)				-		(3,314,555	)
Income<br> taxes		-			-			-					-		-
Loss<br> from continuing operations		(3,313,005	)		(1,550	)		(3,314,555	)				-		(3,314,555	)
Gain<br> on disposal of discontinued operations		238,315			-			238,315					-		238,315
Net<br> loss	$	(3,074,690	)	$	(1,550	)	$	(3,076,240	)			$	-	$	(3,076,240	)
Net<br> loss per share, basic and diluted	$	(5.67	)	$	(0.00	)	$	(2.95	)			$	-	$	(0.12	)
Weighted<br> average number of shares outstanding
Basic<br> and diluted		541,816			500,000			1,041,816			C		25,140,000		26,181,816

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SIGYNTHERAPEUTICS, INC.

NOTESAND ASSUMPTIONS TO THE UNAUDITED PROFORMA

CONDENSEDCOMBINED FINANCIAL STATEMENTS

NOTE1 – ACQUISITION OF ASSETS OF SIGYN

Sigyn Therapeutics, Inc. (“Sigyn” or the “Company”) was established on October 29, 2019 in the State of Delaware.

Sigyn is a is a development-stage therapeutic technology company headquartered in San Diego, California USA. The Company is focused on addressing a significant unmet need in global health; the treatment of life-threatening inflammatory conditions precipitated by Cytokine Storm Syndrome, a dysregulated immune response that can induce multiple organ failure and cause death.

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To learn more, visit www.SigynTherapeutics.com or www.SigynTherapy.com

NOTE2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The unaudited proforma condensed combined financial statements have been compiled in a manner consistent with the accounting policies adopted by the Company. The accounting policies of Sigyn were not deemed to be materially different to those adopted by the Company.

NOTE3 – PROFORMA ADJUSTMENTS

The unaudited proforma condensed combined financial statements are based upon the historical financial statements of the Company and Sigyn and certain adjustments which the Company believes are reasonable to give effect to the Acquisition. These adjustments are based upon currently available information and certain assumptions, and therefore the actual impacts will likely differ from the proforma adjustments. As discussed above in Note 1, the fair value amounts assigned to the identifiable assets acquired and liabilities assumed are considered preliminary at this time. However, the Company believes that the preliminary determination of fair value of acquired assets and assumed liabilities and other related assumptions utilized in preparing the unaudited proforma condensed combined financial statements provide a reasonable basis for presenting the proforma effects of the Acquisition.

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The adjustments made in preparing the unaudited proforma condensed combined financial statements are as follows:

A.	To<br> eliminate liabilities of Registrant totaling $3,429,516 not subject to the Acquisition in exchange for 7,907,351 shares of<br> common stock. and to eliminate the equity and accumulated deficit accounts of Sigyn pursuant to the Acquisition.
B.	To<br> eliminate the equity and accumulated deficit accounts of Sigyn pursuant to the Acquisition and issue 25,640,000 of the Registrant’s<br> common shares in exchange for a total of 75% of the fully paid and nonassessable shares of the Registrant’s common stock<br> outstanding immediately following the Acquisition.
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C.	Proforma<br> basic and diluted loss per common share information presented in the accompanying proforma condensed combined statements of<br> operations for the three and nine months ended September 30, 2020 is based on the weighted average number of common shares<br> which would have been outstanding during the periods had the Acquisition occurred on the first day of the period presented.
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Summary of Pro Forma Adjustment shares:


Shares issued due to acquisition	25,640,000		25,640,000		25,640,000
Less: elimination of Sigyn shares due to acquisition	(500,000	)	(500,000	)	(500,000	)
Pro Forma Adjustment of shares outstanding due to acquisition	(25,140,000	)	(25,140,000	)	(25,140,000	)

The unaudited proforma condensed combined financial October 19, 2020 by both the Company and Sigyn to consummate the Acquisition, except as noted above. Acquisition costs include fees payable for investment banking services, legal fees, accounting, and auditing fees. Such costs will be expenses as incurred.

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