Pazoo Inc. (PZOO)

[Jiminy Cricket]

How did you burst my bubble?

Is there not a massive amount of shares that still need to be dumped or not?

Not to mention they have nearly $10million in debts and liabilities

https://ih.advfn.com/p.php?pid=nmona&article=75554245

Stockholders' deficit:

Convertible Preferred Stock, 50,000,000 shares authorized, $0.001 par value

Series A; 10,000,000 shares authorized, 215,139 and 230,401 shares issued and outstanding, respectively.

215

230

Series B; 5,000,000 shares authorized, 2,150,000 and 1,762,500 shares issued and outstanding, respectively.

2,150

1,762

Series C; 10,000,000 shares authorized, 2,610,375 and 2,621,375 shares issued and outstanding, respectively.

2,610

2,621

Series D; 12,500,000 shares authorized, 0 and 0 shares issued and outstanding, respectively.

-

-

Series E; 12,500,000 shares authorized, 0 and 0 shares issued and outstanding, respectively.

-

-

Common stock, $0.001 par value; 2,950,000,000 shares authorized, 33,788,532 and 9,137,630 shares issued and outstanding, respectively.

33,788

9,138

Additional paid-in capital

12,497,170

12,155,641

Accumulated deficit

(21,843,876
)

(20,694,148
)

Total stockholders' deficit

(9,307,943
)

(8,524,756
)

PAZ OO, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)



Three Months Ended

Six Months Ended


June 30,

June 30,


2017

2016

2017

2016


Revenues:

Management fees - related party

$
-

$
11,270

$
-

$
18,596

Advertising Sales

-

-

51

-

Total revenues

-

11,270

51

18,596


Operating expenses:

Selling, general and administrative expenses

328,509

1,426,484

865,604

2,128,170

Professional fees

163,155

119,305

343,159

263,748

Loss on impairment of license

-

1,540,207

-

1,540,207

Website setup

2,226

3,169

3,568

8,136

Total operating expenses

493,890

3,089,165

1,212,331

3,940,261


Loss from operations

(493,890
)

(3,077,895
)

(1,212,280
)

(3,921,665
)

Other income/(expenses):

Gain/(loss) on derivative liabilities

1,278,503

(2,032,218
)

374,094

(4,438,979
)
Gain/(loss) on debt extinguishment

429,601

1,764,236

715,867

1,697,242

Gain on change in fair value of contingent consideration

-

-

-

5,000

Interest expense

(429,999
)

(636,846
)

(1,027,334
)

(1,666,363
)
Other expense

-

-

-

-

Total other income/(expenses)

1,278,105

(904,828
)

62,627

(4,403,100
)

Net income (loss)

$
784,215

$
(3,982,723
)

$
(1,149,653
)

$
(8,324,765
)

Series A preferred stock dividends

(17
)

(159
)

(36
)

(354
)

Net income (loss) attributable to common stockholders

$
784,198

$
(3,982,882
)

$
(1,149,689
)

$
(8,325,119
)

Basic net income (loss) per common share

$
0.04

$
(10.84
)

$
(0.08
)

$
(36.94
)

Weighted average common shares outstanding - basic

18,043,791

367,280

13,907,537

225,364


Diluted net income (loss) per common share

$
0.00

$
(10.84
)

$
(0.08
)

$
(36.94
)

Weighted average common shares outstanding - diluted

1,556,057,691

367,280

13,907,537

225,364