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Re: fool4this post# 16596

Wednesday, 02/08/2017 7:16:04 PM

Wednesday, February 08, 2017 7:16:04 PM

Post# of 19276
Depends what accounting method you use. If you look at liabilites and stockholder deficit section you will see:

Customer deposits of $50k, Accrued expenses of 117,508 (but those may be carried over from non direct expense). Current portion of notes payable and capital leases of $511,835 (All notes have been converted...portion to capital leases). Convertable notes of $104,808 have been converted and reflect the current share structure. Embedded conversion derivative liability of $216,361 (the derivative value of conversion notes already converted)...SO, I WOULD SAY THE DEBT SIDE OF THE BALANCE SHEET CURRENTLY IS PRETTY SPIFFY!

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