PTAH does not have a net profit w/o financing activities included
Quote:
Net cash provided by Operating Activities (129,334)
INVESTING ACTIVITIES (which recorded profit only from financing activity btw which would not fit into GAAP reporting) as debt deals/financing is not included as an asset. The latest filings clearly show this
http://www.otcmarkets.com/financialReportViewer?symbol=PTAH&id=109236
Quote:
5 PTA Holdings, Inc
Statement of Cash Flows For the 6 Months Ended June 30, 2013
(Unaudited)
OPERATING ACTIVITIES
2013
Net Income 35,859
Adjustment to reconcile Net Income to net cash provided by operations:
Accounts Receivable (39,368)
Inter Company Transactions (3,192)
Inventory (13,753)
Drivers Advances (36,837)
Accounts Payable (46,333)
Notes Payable 537
Accrued Expenses (26,247)
Net cash provided by Operating Activities (129,334)
INVESTING ACTIVITIES
Tractors & Trailers (68,249)
FINANCING ACTIVITIES
Bank Line of Credit 40,000
Capital less Draws
24,976 Term Notes 131,352
Net cash provided by Financing Activities 196,328
Net cash increase for period (1,255)
http://www.otcmarkets.com/stock/PTAH/filings
btw (parenthesis) means loss