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8 mil rev , 555k gross profit
FOR THE YEAR ENDED DECEMBER 31, 2016
Revenue
8,142,645
Cost of sales
7,587,133
Gross profit
555,512
On March 9, 2017, the Company, through a newly created special purpose entity, executed a share purchase agreement to acquire all outstanding ownership interests in Crescent Construction Company, Inc. (“Cresent”) a full service general contracting firm for total consideration of $1,800,000. The agreement required a cash payment of $500,000 at closing plus a note payable for $1,300,000. The note carries interest of 6%, matures on March 31, 2022 and requires equal semi-annual payments of $152,693. A dditionally, the Company entered into a separate note payable with the seller for cash proceeds of $160,466. Because this note was executed simultaneously with the purchase agreement, it was considered part of the acquisition price which brought the total consideration to $1,960,466.
Item 2.0 Completion of Acquisition or Disposition of Assets
On March 12, 2018, the Registrant determined, upon advice of advisors and in light of comments supplied the Registrant in communications with the SEC, to file an amendment to a prior filing.
On March 13, 2017, the Registrant, Intelligent Highway Solutions, Inc., (IHSI) confirmed the partial completion of a closing involving a certain acquisition and certain related credit facilities, such closing referenced by the parties as the Intelligent Highway Solutions, Inc. - Crescent Construction Company Inc. Purchase” (the “Transaction”).
In summary, a company acquired ownership of the acquisition, and also provided the Registrant rights to take control of the ownership of the acquired company, and another company agreed to fund the acquisition and certain working capital, to allow the completion of the overall Transaction.
Amended Current Report Filing (8-k/a)
Print
Alert
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Amendment 1
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 12, 2018
INTELLIGENT HIGHWAY SOLUTIONS, INC.
(Exact name of registrant as specified in its charter)
Nevada 000-55154 30-0680119
(State or other jurisdiction
of incorporation) (Commission
File Number) (IRS Employee
Identification No.)
9516 Rossport Way
Elk Grove, CA 95624
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (720) 460-1390
Not applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (127 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (27 CFR 240.14d-2 (b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (27 CFR 240.13e-4(c))
Item 2.0 Completion of Acquisition or Disposition of Assets
On March 12, 2018, the Registrant determined, upon advice of advisors and in light of comments supplied the Registrant in communications with the SEC, to file an amendment to a prior filing.
On March 13, 2017, the Registrant, Intelligent Highway Solutions, Inc., (IHSI) confirmed the partial completion of a closing involving a certain acquisition and certain related credit facilities, such closing referenced by the parties as the Intelligent Highway Solutions, Inc. - Crescent Construction Company Inc. Purchase” (the “Transaction”).
In summary, a company acquired ownership of the acquisition, and also provided the Registrant rights to take control of the ownership of the acquired company, and another company agreed to fund the acquisition and certain working capital, to allow the completion of the overall Transaction.
Paul Knopick
10:07 AM (1 hour ago)
to me
Have nothing new except they are confident the team is strong and they are confident that they are moving forward
Paul Knopick
hearing advertisers moving to amazon
I deleted my account from FB too
hahah called it , short this crap
the only issue is we are at 13 bil OS, 15 bil AS, what will they do , increase AS or RS? that's the big question. As you can see Devon don't really care for his shareholders, as we get diluted the * out.
$RNWF pop soon, not much shares for grabs
$RNWF 0 dilution , OS 200-300 mil
a lil pump before the dump today
RNWF buy at open tomorrow, expecting volume
RNWF low float, 0 dilution , exciting week could be coming here.
RNWF chart looking healthy for a next move
exciting week could be coming RNWF
$RNWF upcoming week on high watch
IHSI went quiet , Paul also is not in the office for few days or probably is but is having somebody else reply saying he is out of office.
NDA in place?
Paul keeping mouth close too now?
Who knows.
JMHO
So we know DPT is batman, superman who the hell knows? but who the hell is the JOKER???? what a joke , drop them damn news already
Whats up with Dennis and cartoon characters now, first was music videos , lets get serious here .
here are my 2 senses:
news form DPT
Dennis O’Leary, DarkPulse’s Chairman and co-CEO commented: “We have secured financing sources to go public and have been grateful to our partner, Bravatek Solutions, Inc., for assisting us also in negotiating new sales opportunities. In addition, we now have the ‘runway’ to engage in meaningful acquisition discussions with targeted firms to accelerate our growth. These are truly exciting times for DarkPulse—years in the making.”
IHSI either is Acquired by DPT that's why their shut or merged.
$RNWF starting to move back up, on watch for a big move soon
Traders $RNWF 0 dilution , very thin 200 mil OS IMO
RNWF long term hold for bigger gains ahead
this stock has 0 dilution and very low float, with volume this can flyyyyyyyyyyyyyyyyyyyyy
Very thin and 0 dilution here
The otc world will jump on this soon
0 dilution $RNWF, VERY THINLY TRADED, .0007S UP, GRAB UR LOTTO HERE.
.0006s gone, .0007s up, $RNWF, looking for a 300% gains soon here
ZERO % diluted shares $RNWF, very thin trading here, easily fly on volume , keep on watch
$RNWF, .0007s up, ZERO Dilution, Very small Float
makes sense lol
sellers dried up and buyers dried up, but as per the chart, we are looking for green days.
that's why it ran from .0002 to .0009, last run was to .0018, be ready when it runs. so far holding good.
$RNWF get your lotto tickets now, before it leaves the .001 area
$RNWF holding its gains from last two weeks, thin super thin OS here.
$RNWF looking for breakout , on high alert
the CEO of dark pulse is he serious? he keeps posting damn song videos, like yeah we all know something is going on with your company, but common stop posting music videos. Post the news when its ready.
patience is the key to this type of runners :)