Note 1 - Nature of Operations and Financial Condition Veroni Brands Corp. (formerly European CPG Acquisition Corp. or Echo Sound Acquisition Corporation) (the Company) was incorporated on December 7, 2016 under the laws of the state of Delaware to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisition. On August 31, 2017, the Company effected a change in control by the redemption of 19,750,000 shares of the then outstanding 20,000,000 shares of common stock. The then current officers and directors resigned and Igor Gabal was named the sole officer and director of the Company. Pursuant to the change in control, the Company changed its name to European CPG Acquisition Corp. On September I, 2017, the Company issued l0,000,000 shares of its common stock to two shareholders at par value of $0.000l and recorded share compensation of $1,000. On November 1, 2017, the name of the Company was changed to Veroni Brands Corp. The Company has been formed to acquire, operate, develop, grow and import premium European products into the U.S. market. Veroni Brands was created to search out unique, remarkable and desirable premium products across Europe and make them accessible to discerning consumers in the U.S. Veroni Brands strives to import the extraordinary and delight their consumers with experiences that had previously only been attainable in Europe. The Company became an exclusive importer and distributor of Iron Energy by Mike Tyson. The beverage became available to consumers in select Chicago area markets in May 2018 in three different flavors such as Mojito, Zero Sugar and Original. The Company will be introducing other flavors of Iron Energy in 2019. We take pride in the products we import and are proud to share them with our consumers. The Company expanded into imports and distribution of chocolate and related products sold to U.S. national retailers. Basis of presentation: unaudited interim financial information The accompanying interim condensed financial statements are unaudited. In opinion of management, the accompanying unaudited condensed financial statements contain all of the normal recurring adjustments necessary to present fairly the financial position and results of operations as of and for the periods presented. The interim results are not necessarily indicative of the results to be expected for the full year or any future period. Certain information and footnote disclosures normally included in the condensed financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). The Company believes that the disclosures are adequate to make the interim information presented not misleading. These condensed financial statements should be read in conjunction with the Companys audited financial statements and the notes thereto included in the Companys Report on Form 10-K filed on April 16, 2019 for the years ended December 31, 2018 and 2017. Going Concern The Company has generated only minimal revenue since inception to date and has a net loss of $2,959 for the three months ending March 31, 2019. As of March 31, 2019, the Company had a cash balance available of approximately $11,831 and an accumulated deficit of $309,146. The Companys ability to continue as a going concern is dependent on its ability to generate sufficient cash flows from operations to meet its obligations and/or obtaining additional financing from its shareholders or other sources, as may be required. The accompanying unaudited financial statements have been prepared assuming that the Company will continue as a going concern; however, the above condition raises substantial doubt about the Companys ability to continue as a going concern. The unaudited financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern. The Company failed to its meet minimum purchase requirements under its FoodCare Sp. z.o.o. (FoodCare) contract and could lose its exclusive rights to distribute in the U.S. Market. The Company is currently re-negotiating the agreement. The Company is evaluating various financing options in order to fund its continued startup of operations and expand the products being offered to its customers. The Company has established a relationship with a manufacturer to import and distribute chocolate and other related products.