10-Baggas Factory 10

[mick]

this is an important read---pt.#2-B-at pinks right now fer information fer all...
http://www.otcmarkets.com/stock/PPJE/quote

for now most important is their last financial reporting.

http://www.otcmarkets.com/stock/PPJE/financials

i'm having problem at pinks.

will continue in a few minutes.

==========================================================
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37378
==========================================================

PART I - INTERIM FINANCIAL STATEMENTS
PPJ ENTERPRISE
CONSOLIDATED BALANCE SHEET
September 30, 2010
(Unaudited)
ASSETS
CASH
$
26,379
Contracts Receivable
383,711
Inventory
100,020
Software Development Cost
11,530
Equipments
11,583
Other Current Assets
4,858,455
Total Assets
5,491,678
Liabilities and Stockholders Equity
-
Current Liabilities
Accounts Payable and Accrued Expenses (Accrued Payroll Taxes)
2,234
Accrued Officers Compensation
910,000
Lease Liabilities
4,489
Notes Payable
425,000
Convertible Secured Notes
971,611
Total Current Liabilities
2,313,334
Stockholders’ Equity (Deficit)
Common Stock $0.0001 par value; Authorized shares 7,199,9000,000
Class B Preferred Authorized 300,000,000 par value $2.50
-
2
Class A Preferred Authorized 100,000 par value $10.00
5,584,175,298 shares of common stock issued and outstanding
1,116,834
Additional paid in capital
80,000
Shares to be issued
Total Stockholders Equity
1,124,834
Total Liabilities and Stockholders' Equity
$
5,491,678
The accompanying notes are an integral part of the consolidated financial statements.
3
PPJ ENTERPRISE
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
For the nine month periods ended
September 30
2010
2009
Gross Sales
Contract and Service Revenue
$
172,012
$
126,080
Commissions
$
(8,362)
$
(3,950)
Contract and Service Cost
$
(159,256)
$
(203,931)
Gross Profit
$
$
Provision for income taxes
(800)
(Net loss)/Gain
$
3,624
$
(81,801)
Earning per share:
Basic & diluted net earnings per share from operations
$
0.001
$
(0.03)
*Basic & diluted weighted average number of
common stock outstanding
5,584,175,298
1,215,363,000
The accompanying notes are an integral part of the consolidated financial statements.
* Weighted average number of shares used to compute basic and diluted loss per share is the same since the effect of dilutive securities are anti-dilutive.