Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I just noticed the website had a substantial makeover. Not sure when, but it's interesting. http://gempowered.com
i hope you are correct. Meeting today on taxes could be interesting. Hopefully they freeze the tax cuts and i then think that would help stocks. Yes you are correct it is dead in here. Nobody has anything to say?
i hope you are correct. Meeting today on taxes could be interesting. Hopefully they freeze the tax cuts and i then think that would help stocks. Yes you are correct it is dead in here. Nobody has anything to say?
The Republicans liked this industry and voted it into existence. The Democrats have been throwing money at the industry. You can't demagogue the physics of it, the numbers work. I think it's a pretty good investment. Any thoughts? It's dead in here.
I welcome your active participation on this stock. Your entry bodes well for this Board as you bring a lot of experience and analytical research skills for undervalued stocks.
GRMS AH 8k: Item 1.01. Entry into a Material Definitive Agreement.
On November 2, 2010, Green Energy Management Services, Inc. (“GEM”), a wholly-owned subsidiary of Green Energy Management Services Holdings, Inc., entered into a Sales and User Agreement (the “Agreement”) with The Riverbay Fund, Inc. (“Riverbay”). Pursuant to the Agreement GEM will provide certain efficient lighting installation and maintenance services (the “Project”) for Co-op City, the largest residential development in the United States, located in The Bronx, New York (the “City”), operated by Riverbay. Specifically, GEM will (i) retrofit all eight garages located within the City with new induction light units and related components, consisting of approximately 6,000 fixtures, and install 205 new fixtures (collectively, the “Units”), at locations approved by Riverbay, and (ii) provide 10-year on call standard maintenance service for garage electrical services for all eight garages at no expense to Riverbay.
In consideration for the installation and maintenance services to be provided by GEM for the Project during the term of the Agreement, upon the completion of certain contractual milestones and subject to satisfaction of the conditions of the Agreement, Riverbay agreed to make to GEM the following payments: (i) Riverbay expects to receive a grant in connection with the Project of approximately $1,000,000, of which $800,000 will be distributed to GEM pursuant to a payment schedule agreed to by the parties, and (ii) over the 120 months following the installation of the Units, Riverbay will remit to GEM each month an amount equal to $15,000, to be adjusted based upon the actual savings on the Project. Subject to satisfaction of the conditions of the Agreement, GEM expects to receive up to approximately $1,800,000 over the term of the Agreement as a result of such cost savings.
The Agreement became effective on the date of execution and its term shall end 10 years from the date of substantial completion of installation by GEM of the Units, which substantial completion shall occur when GEM has installed 80% of the Units called for in this Agreement. If the Grant is not received, the Agreement shall be considered null and void.
--------------------------------------------------------------------------------
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GREEN ENERGY MANAGEMENT SERVICES HOLDINGS, INC.
Dated: November 8, 2010 /s/ Robert Weinstein
Robert Weinstein
Chief Financial Officer
Green Energy Management Announces Energy Efficient Lighting Contract Valued at $2.6 Million with Co-op City - This is type revenue I had hoped they put this company together to capture. Very nice start IMO.
Green Energy Management Acquires Exclusive Rights to Proprietary Water Valve Technology
Green Energy Management Services Holdings, Inc. Common Stock (OTCBB:GRMS)
Intraday Stock Chart
Today : Thursday 28 October 2010
Green Energy Management Services Holdings, Inc. (OTCBB: GRMS) (“GEM”), a developer and marketer of innovative energy management technologies, announced today that it has executed a definitive agreement (the “Agreement”) to exclusively license patent pending water valve technology from PMP Pool Maintenance Protection, Inc. and the technology’s principal inventor, Juan Carlos Bocos.
The valve lowers water and sewage costs by reducing the amount of air that flows through water pipes. Typically, pipes carrying water into residential, commercial, and industrial buildings also contain air. Because water meters measure volume, users pay for both water and air. The technology GEM has licensed compresses the air flowing through the pipes and thus the water meter measures only actual water usage. Studies of the technology show that use of the valves may save customers between 15%-30% of the total costs associated with the customer’s water and sewer bills.
Under the Agreement, GEM acquired the right to market, distribute and service the water valve product in the United States East of the Mississippi River and globally to customers in a number of foreign countries. GEM will market the product under the brand name AIRLOCK.
“Expenses associated with water utilization are a growing cost of doing business today. We intend to aggressively market this technology to those industries and entities with large water consumption that may benefit substantially from a reduction in their water costs. ” said GEM CEO Michael Samuel. . “Licensing this promising water valve technology expands our ability to provide comprehensive energy management services to our customers.”
About Green Energy Management Services Holdings, Inc.
Based in the eastern United States, GEM is a full service, national energy management company. GEM provides its clients all forms of energy efficiency solutions mainly based in three functional areas: energy efficient lighting upgrades, renewable energy generation and efficient water utilization. GEM is currently primarily involved in the distribution of energy efficient light emitting diode (“LED”) units (the “Units”) to end users who utilize substantial quantities of electricity. GEM structures its contracts with no upfront or maintenance costs to its customers and shares in the achieved energy and maintenance savings.
GEM maintains business operations on a nationwide basis, distributing products and services to municipal and commercial customers. Industry participants focus on assisting clients to effectively maximize their energy efficiency potential and couple that with maximizing their renewable energy potential.
GEM provides energy-saving technologies under long-term, fixed-price contracts. GEM provides and installs, on a turnkey basis, technology which should reduce, by between 50-70%, their monthly electric and other energy costs and reduce, by between 15-30%, their monthly water and sewer costs. GEM captures a significant portion of this benefit over the life of the contract, in exchange for providing the equipment, maintenance, management and technical expertise.
Addressing the energy efficiency arena, GEM concentrates its marketing efforts within geographic regions exhibiting higher than average per kilowatt hour utility rates and having energy customers who consume higher than average quantities of energy. GEM then develops an energy efficiency/energy management program which, potentially, provides end-users alternatives to decrease their energy consumption. Additionally, in many instances, GEM assumes the management and maintenance of its clients’ lighting needs which affords its clients greater labor efficiencies.
Within the renewable energy generation space, GEM’s operating team provides a comprehensive analysis of clients’ geographic location-related energy demographics to develop an energy plan which targets generating investment returns and best renewable resource solution for its clients. Currently, GEM has determined that solar voltaics are the most desirable of the renewable energy solutions and focuses its attention primarily in this area. As technologies change and become affordable, GEM is poised to begin wide-scale implementation of other forms of renewable technologies as well.
Additional information on GEM may be found at www.gempowered.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains certain “forward-looking statements” relating to the business of the Company, which can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “anticipate,” “intend,” “estimate,” “believe,” “project,” “continue,” “plan,” “forecast,” or other similar words, or the negative thereof, unless the context requires otherwise, and which are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. In addition, these statements reflect management’s current views with respect to future events and are subject to numerous risks, uncertainties and other factors that could cause actual results to differ materially from those set forth in or implied by these forward-looking statements. Factors that could affect those results include, but are not limited to, those described in the Company’s Registration Statement on Form S-1, as well as the Company’s reports on Forms 8-K, 10-Q and 10-K and proxy statements and information statements, which have been or will be filed by the Company with the Securities and Exchange Commission (the “SEC”) and the “Risk Factors” sections of the most recent SEC filings by the Company. Many of the factors that will determine the outcome of the subject matter of this press release are beyond the Company’s ability to control or predict. The Company undertakes no obligation and expressly disclaim any obligation, to revise or publicly update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
Thanks and i think this will be the norm here now as they have the shares all taken care of for months now.
Interesting and creative financing method - "Under the Agreement, Green RG will indirectly receive 10 million unregistered shares of GEM common stock from an existing shareholder and could earn additional shares based upon sales. GEM will not be issuing any additional shares as a result of this transaction."
More and more to come here now and the management is now hitting the ground running.
GRMS news out! - Green Energy Management Acquires Rights to Proprietary LED Technology
(OTCBB: GRMS) -- Green Energy Management Services Holdings, Inc. (“GEM”), a developer and marketer of innovative energy management technologies, announced today that it executed an agreement (the “Agreement”) to acquire a license to market exclusively and distribute patented and proprietary light-emitting diode (“LED”) technology (the “Technology”) from Green RG Management, LLC (“Green RG”). Independent testing of the Technology has shown that it can produce lighting products capable of providing at least 50,000 hours of bulb life compared to existing LED technology that typically provides up to 25,000 hours of bulb life. Applications for the lighting products utilizing the Technology include street lights, high bay warehouse lighting, LED office lighting panels, fluorescent tubes, and other LED replacement fixtures that produce the same illumination using in some cases 1/25th of the energy consumption of ordinary light bulbs.
“The licensing of this technology further expands our innovative portfolio of energy management technologies,” said GEM CEO Michael Samuel. “We look forward to working closely with Green RG to market these products to a large installed base. Our market studies suggest there is a substantial interest in cost-effective energy management solutions, and discussions with potential customers indicate that reducing energy costs is a high priority.”
Under the Agreement, Green RG will indirectly receive 10 million unregistered shares of GEM common stock from an existing shareholder and could earn additional shares based upon sales. GEM will not be issuing any additional shares as a result of this transaction.
About Green Energy Management Services Holdings, Inc.
Based in the eastern United States, GEM is a full service, national energy management company. GEM provides its clients all forms of energy efficiency solutions mainly based in three functional areas: energy efficient lighting upgrades, renewable energy generation and efficient water utilization. GEM is currently primarily involved in the distribution of energy efficient LED units (the “Units”) to end users who utilize substantial quantities of electricity. GEM structures its contracts with no upfront or maintenance costs to its customers and shares in the achieved energy and maintenance savings.
GEM maintains business operations on a nationwide basis, distributing products and services to municipal and commercial customers. Industry participants focus on assisting clients to effectively maximize their energy efficiency potential and couple that with maximizing their renewable energy potential.
GEM provides energy-saving technologies under long-term, fixed-price contracts. GEM provides and installs, on a turnkey basis, technology which should reduce, by between 50-70%, their monthly electric and other energy costs and reduce, by between 15-30%, their monthly water and sewer costs. GEM captures a significant portion of this benefit over the life of the contract, in exchange for providing the equipment, maintenance, management and technical expertise.
Addressing the energy efficiency arena, GEM concentrates its marketing efforts within geographic regions exhibiting higher than average per kilowatt hour utility rates and having energy customers who consume higher than average quantities of energy. GEM then develops an energy efficiency/energy management program which, potentially, provides end-users alternatives to decrease their energy consumption. Additionally, in many instances, GEM assumes the management and maintenance of its clients’ lighting needs which affords its clients greater labor efficiencies.
Within the renewable energy generation space, GEM’s operating team provides a comprehensive analysis of clients’ geographic location-related energy demographics to develop an energy plan which targets generating investment returns and best renewable resource solution for its clients. Currently, GEM has determined that solar voltaics are the most desirable of the renewable energy solutions and focuses its attention primarily in this area. As technologies change and become affordable, GEM is poised to begin wide-scale implementation of other forms of renewable technologies as well.
Additional information on GEM may be found at www.gempowered.com.
About Green RG Management, LLC
Green RG Management, LLC is a New Jersey based company, specializing in LED lighting, solar installations, daylight harvesting and radiant barriers using window film insulation. It markets and distributes its cost effective green energy solutions to municipalities, property owners, management companies, developers, retailers and other users of substantial energy resources. Additional information on Green RG Management, LLC may be found at www.greenrgmanagement.com.
I'm happy we're building some support at these levels and looking forward to some news to move us past .50's
Looks good to me and that the people who wanted out are now out and we will have new levels coming upward very soon.
Any thoughts on these levels and low volume? Or did everyone here sell after the R/M at .15-.18?
Volume will be lower now and it is doing fine.
I think we will hit .50 by the end of the year and MKCAP is not a problem as the owners are not going to sell that much this year.
Good morning all. Trading still light. Holding .30 but not much volume. I'm long but really wondering. Gosh I wish some news would arrive. GLTA
No, I held this stock for a long time. I just loss my comfort level and sold. I still took a profit, but it would have been a lot nicer now. That's ok, I will learn from it and next I will make a better choice.
Doing great all and tops of the lsit still at number one on the Wave .
This is the split adjusted gain sinmce we announced it over a year ago and congrats to the longs here.
Dave
GRMS 10000 0.015 50.00 0.30 2,850.00 1,900.00 3,000.00
Boy I just hate to think how much you sold here and how well that would be now. lol
Oh well I quess when I am right I am right. lol
Dave
Are you a short term day trader? Not that it is any thing wrong. Just curious
Seems the amount of shares are tight.I will continue to watch.
Level 2
0.27 266 OBB 13:08:12
0.25 1000 OBB 12:42:31
0.25 1000 OBB 11:03:58
0.2999 12000 OBB 11:03:40
0.21 500 OBB 11:03:32
0.20 250 OBB 10:41:25
0.20 2834 OBB 10:24:22
0.20 2000 OBB 10:24:22
0.20 3500 OBB 09/27
0.19 1000 OBB 09/27
0.19 1666 OBB 09/27
0.19 1666 OBB 09/27
0.20 166 OBB 09/27
0.20 1500 OBB 09/27
0.195 300 OBB 09/27
0.19 1000 OBB 09/27
0.19 4862 OBB 09/27
0.19 1500 OBB 09/27
0.19 842 OBB 09/27
0.19 958 OBB 09/27
0.15 7500 OBB 09/27
0.15 6666 OBB 09/27
0.15 5000 OBB 09/27
0.15 5000 OBB 09/27
0.15 10000 OBB 09/27
0.15 7500 OBB 09/27
0.15 6666 OBB 09/24
0.15 650 OBB 09/24
0.375 333 OBB 09/22
It happens to all of us, you might want to consider jumping back in for a small piece just in case.
well i just hope we see some press releases from them. Maybe we have not seen any because they are buying up what they can??? Who knows but i would like to see some news soon so we can all stop guessing. One thing is if i am correct that the insiders cant sell their shares for at least a year then IMO that is great for us.
Looks like another great day for you guys. Once again I pulled the trigger to early.
Your welcome. I think GEM has a much better shot at not only becoming a money maker but a bigger benefit to society then the old shell ever had.
Thanks. With GREEN initiatives being pushed both at city, state and federal government levels, I think GEM is at the right place and right time. With LED's and Solar power initiatives, if they can get some contracts and external funding we might be trading at 1-2 dollars by Q1, 2011.
LEDs save money AND time in the areas the can be used, accent lighting, and indicators of all sort (exit signs that last for years). Most new cars now use LEDs for all marker lights as well as stop and tail lights to reduce demand on the system.
GEM seems to be positioned in the area that will have the biggest impact on future demand for more lighting with less power consumption and less labor cost for lamp replacement.
Samello. Are LED's really save money to consumers and industrial clients and municipalities? Since you are/were in this business before will it be a profitable venture?
Hey Sam, why don't you produce some GEM Du Du?
I ran across GEM about 3 or 4 years ago when I was starting to work with L.E.D.s, their still here and now their a publicly traded company. Sounds like they are moving in the right direction.
All the nay sayers are complaining because their "DD" didn't work out and the company didn't do things the way they wanted. Maybe now they'll begin to understand that DD in pinks is just Du Du.
Also hopefully there is something here. Soloman has a bunch of shares so you would think he did the deal with this comapny for a reason. It looks like under the new structure he now does not have control as he does not appear to have control from a share count point of view so with that said he must be betting that the pps is going to rise. Just my opinion. Any thoughts????
Here is level 2 for the last few days...hope this helps some of you.
Price Size Exch Time
0.20 3500 OBB 09/27
0.19 1000 OBB 09/27
0.19 1666 OBB 09/27
0.19 1666 OBB 09/27
0.20 166 OBB 09/27
0.20 1500 OBB 09/27
0.195 300 OBB 09/27
0.19 1000 OBB 09/27
0.19 4862 OBB 09/27
0.19 1500 OBB 09/27
0.19 842 OBB 09/27
0.19 958 OBB 09/27
0.15 7500 OBB 09/27
0.15 6666 OBB 09/27
0.15 5000 OBB 09/27
0.15 5000 OBB 09/27
0.15 10000 OBB 09/27
0.15 7500 OBB 09/27
0.15 6666 OBB 09/24
0.15 650 OBB 09/24
0.375 333 OBB
You do not need L2; look at the tape. 57K shares were sold and 3K were purchased. Yes, someone had to bid for those, but in all reality, someone sold those shares to the bidder. Only 3K were purchased at the ask. Buying at the ask is a better indicator of demand, imo.
When I first bought this stock last November, speculation drove the PPS. I would hope that those days are over and that GEM is a real company with real revenues; not only a "fully reporting" company. All indication is that GEM is an insider held company, nothing more. Not bad, but not informative either. Good luck.
Hi VC. I do not have L2 but how can a stock show 33% gain when 95% of the trades are sells?
Someone is selling those shares. A well informed shareholder and/or marketplace doesn't sell 95% of a days' traded shares. Just another pink for the time being, imo.
I am still watching this very closely. Not too sure that GEM is the real deal. In fact, after looking at the history of board posts, I am convinced that none of us knows what is going on. Good companies communicate; clearly communicate.
Without any press release there was good trading today with 33% increase in share price. So that shows the tenacity of new IR Dept. May be they are targetting institutional investors.
Looks like a good day for GRMS for those who stayed in. I will continue to watch and see how this plays out.
I especially like the obvious marketing campaign and full disclosure of the new company (cough, cough).
Etrade now shows correct share count at 439.4 million.
439.4 million x .15 = $66 million market cap?
Ouch...Show some financials and earnings to justify even a $5 million cap.
Nice going Solomon! Stuck it to the shareholders. What a bum!
There is nothing wrong with making a profit and you can always get back in for sure.
We will see how it does from here and even if it does go up you can get some more and others to get more profit.
There are many everyday and never wrong to keep money.
I sold at .15 on friday. I will look to buy in at a cheaper price. It might have been a mistake, but I felt comfortable taking the profit I had. We will see what happens. I wish everyone the best.
We will see some more volume at that time for sure and still holding the .05 presplit now so doing very well for sure.
Might see a dip for a while and then back up again.
Hope by Monday, all stockbrokers will change symbol to GRMS and the company give clues about their future plans with some news. This should spur some outside investment
The officers from what i understand have no choice but to hold on to the shares for at 12 months
It looks as though most of the os is held by insiders, does anybody know if they are all free trading, or are there restrictions?
As long as the PPS holds anything over a dime here this will have been an excellent long term considering it was trading at subpenny when it was originally found.
Even with the reverse the starting point was .015 and if it holds .15 or above that is excellent in my account.
OZf course I have been here since day two of the run below the .01 so it all looks great to me and all my shares I have here are free from a year ago.
D
Maybe I am wrong but I got out a while ago when the share structure was announced. I could be wrong, there are some good posters on this board that are still here that I respect but just from a market cap standpoint and how they reverse split it with that share structure its too rich for my blood. Insiders own a bunch now see if they are buying more at this level or selling.
Solomon screwed the old long term shareholders here imo. I respected the dude from all the DD I did on him but this was pathetic, not anymore. Nothing against the people at GEM, you just have to wait and see the financials here..
Good luck to you here.
Dude, I wouldnt be buying with a $165 million market cap imo. Maybe if it was Palmaz here but GEM? I will pass.
Solomon and crew really messed this one up imo.
Followers
|
25
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
4679
|
Created
|
10/19/08
|
Type
|
Free
|
Moderators |
GREEN ENERGY MANAGEMENT SERVICES HOLDINGS, INC.
September 30, 2010 | December 31, 2009 | |||||||
(Unaudited) | (Audited) | |||||||
ASSETS | | | ||||||
Current | | | ||||||
Cash | $ | 459,179 | $ | 18,241 | ||||
Contract receivables | 33,735 | 220,652 | ||||||
Prepaid expenses | 101,904 | 3,710 | ||||||
Total Current Assets | 594,818 | 242,603 | ||||||
Property and equipment-net | 87,604 | 79,339 | ||||||
Licensing agreement | 633,600 | - | ||||||
Other assets | 8,440 | - | ||||||
Total Assets | $ | 1,324,462 | $ | 321,942 | ||||
LIABILITIES | ||||||||
Current | ||||||||
Accounts payable - trade | $ | 275,812 | $ | 222,370 | ||||
Line of Credit | - | 195,000 | ||||||
Note payable - Current portion | 12,223 | 10,877 | ||||||
Advances from stockholders | - | 38,550 | ||||||
Other accrued liabilities | 134,962 | 3,802 | ||||||
Total Current Liabilities | 422,997 | 470,599 | ||||||
Note payable - long-term portion | 43,027 | 52,351 | ||||||
Total Liabilities | 466,024 | 522,950 | ||||||
STOCKHOLDERS' EQUITY (DEFICIT) | ||||||||
Common stock, $0.0001 par value, 500,000,000 shares authorized; 442,003,636 and 351,691,756 shares issued and outstanding on September 30, 2010 and December 31, 2009, respectively | 44,200 | 35,169 | ||||||
Additional paid-in capital | 2,020,402 | (34,169 | ) | |||||
Subscription receivable | (50,000 | ) | - | |||||
Retained deficit | (1,156,164 | ) | (202,008 | ) | ||||
Total Stockholders' Equity (Deficit) | 858,438 | (201,008 | ) | |||||
Total Liabilities & Stockholders' Equity (Deficit) | $ | 1,324,462 | $ | 321,942 |
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||
2010 | 2009 | 2010 | 2009 | |||||||||||||
| | | | |||||||||||||
Contract revenue earned | $ | - | $ | 504,097 | $ | 291,311 | $ | 1,464,452 | ||||||||
Cost of revenue earned | - | 320,246 | 270,163 | 1,280,804 | ||||||||||||
Gross profit (loss) | - | 183,851 | 21,148 | 183,648 | ||||||||||||
Selling, general and administrative expenses | 578,988 | 72,601 | 989,348 | 246,153 | ||||||||||||
Gain on settlement of trade payables | (24,029 | ) | - | (24,029 | ) | - | ||||||||||
Operating income (loss) | (554,959 | ) | 111,250 | (944,171 | ) | (62,505 | ) | |||||||||
Miscellaneous income | 1,462 | - | 1,112 | - | ||||||||||||
Loss on sale of assets | - | (3,220 | ) | - | (3,220 | ) | ||||||||||
Interest expense, net | (2,823 | ) | (1,244 | ) | (11,097 | ) | (6,443 | ) | ||||||||
Total other income (expense) | (1,361 | ) | (4,464 | ) | (9,985 | ) | (9,663 | ) | ||||||||
Net income (loss) before income taxes | (556,320 | ) | 106,786 | (954,156 | ) | (72,168 | ) | |||||||||
Income taxes | - | - | - | - | ||||||||||||
Net income (loss) | $ | (556,320 | ) | $ | 106,786 | $ | (954,156 | ) | $ | (72,168 | ) | |||||
Net income (loss) per common share - basic and diluted | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||
Weighted average number of common shares outstanding | 390,961,398 | 351,691,756 | 364,925,482 | 351,691,756 |
Nine Months Ended September 30, | ||||||||
2010 | 2009 | |||||||
Cash flows from operating activities: | ||||||||
Net loss for the period | $ | (954,156 | ) | $ | (72,168 | ) | ||
Adjustments to reconcile net loss to net cash (used in) operating activities: | ||||||||
Depreciation | 5,851 | 7,180 | ||||||
Stock-based compensation | 90,000 | - | ||||||
Gain on forgiveness of trade payables | (24,029 | ) | ||||||
Loss on sale of vehicle | - | 4,250 | ||||||
Net change in assets and liabilities: | ||||||||
Decrease in contract receivables | 186,917 | 27,710 | ||||||
Increase in prepaid expenses | (98,194 | ) | - | |||||
(Increase) decrease in other assets | (8,440 | ) | 5,374 | |||||
Increase (decrease) in accounts payable - trade | 77,471 | (12,765 | ) | |||||
Decrease in billings in excess of costs and estimated earnings on uncompleted contracts | - | (70,496 | ) | |||||
Increase (decrease) in advances from shareholders | (38,550 | ) | 3,552 | |||||
Increase in accrued liabilities | 131,160 | 674 | ||||||
Net cash (used in) operating activities | (631,970 | ) | (106,689 | ) | ||||
Cash flows from investing activities: | ||||||||
Cash distributions prior to merger | (9,998 | ) | - | |||||
Purchases of property and equipment | (14,116 | ) | - | |||||
Net cash (used in) investing activities | (24,114 | ) | - | |||||
Cash flows from financing activities: | ||||||||
Net proceeds from line of credit | 5,000 | 43,581 | ||||||
Repayment of debt on installment notes | (7,978 | ) | - | |||||
Cash proceeds from merger transaction | 1,100,000 | - | ||||||
Net cash provided by financing activities | 1,097,022 | 43,581 | ||||||
Net increase (decrease) in cash | 440,938 | (63,108 | ) | |||||
Cash - beginning of period | 18,241 | 70,143 | ||||||
Cash - end of period | $ | 459,179 | $ | 7,035 | ||||
Supplemental disclosure of cash flow information: | ||||||||
Cash payments for interest | $ | 11,105 | $ | 6,443 |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |