Tuesday, November 21, 2017 7:53:23 AM
On July 4, 2011, Seawind Energy and Seawind Service changed their name to 3Power Energy Limited (“3Power Energy”) and 3Power Project Service Limited (“3Power Service”), respectively. Both 3Power Energy and 3Power Service were been dissolved as of September 30, 2017.
I thought this was took care of 2 years ago below, Looks like the UK of the past is finally wrapped up
During the six months ended September 30, 2017, we received an approval of our strike-off application for our discontinued U.K subsidiary. As such, we recognized a gain on disposal of a subsidiary of $1,853,916
As of September 30, 2017, our total current assets were $16,899 compared to total current assets $30,230 as of March 31, 2017 and the total current liabilities were $5,895,747 as of September 30, 2017 compared to $6,927,821 as of March 31, 2017. The decrease in current liabilities was primarily due to write off of our U.K sub liabilities due to strike off of $1,584,709 , net with increases of $323,416 in related party and other debt and increase in accounts payable and accrued expenses of $229,219.
Top
All of my posts are my opinion only and are not meant to be investment advice.
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM