AUSCRETE Corp

Depreciation is provided on a straight-line basis over the assets' estimated useful lives. The useful lives of the assets are as follows: equipment 7-years, vehicles 7-years, and buildings 30-years. Additions and improvements are capitalized while routine repairs and maintenance are charged to expense as incurred. Upon sale or disposition, the historically recorded asset cost and Accumulated depreciation are removed from the Accounts and the net amount less proceeds from disposal is charged or credited to other income or expense.

Basic loss per common share is computed based upon the weighted average number of common shares outstanding during the period. Diluted earnings per share consists of the weighted average number of common shares outstanding plus the dilutive effects of options and warrants calculated using the treasury stock method. In loss periods, dilutive common equivalent shares are excluded as the effect would be anti-dilutive. It is estimated that the Company will issue approximately 11,500,000 as a result of conversion of notes. The company also has 2,000,000 in outstanding common stock warrants. As of March 31, 2021, and 2020 All calculations reflect the effects of the 40 to 1 reverse stock split.

During the three-month period ending March 31, 2021 the Company had a pause in its manufacturing operations due to COVID-19 constraints and area weather restrictions on its home construction site.  During this time construction and installation of a major manufacturing plant system was completed. There were no material operational changes from the last audited financials of December 31, 2020. Revenue for the three and nine months ended March 31, 2021 and 2020 was $0 and $0 respectively.