Intelligent Living Inc. (fka ILIV)

[YazM]

Must Read: My summary and Basic Facts of the Quarterly Report below:

Balance Sheet: Cash and Inventory went from 86K to 12K. Currently Liabilities have TRIPLED. LT Liabilities have almost TRIPLED. The Stockholders Deficit has basically remained the SAME. In other words all they have done is put themselves more in debt.

Statement of Operations: Sales went from $0 to $17K which is good HOWEVER they had an operation LOSS of $575K. They also had a NET LOSS of $5.2 MILLION from 135 THOUSAND last report. At the end of the day their earnings for common stock dropped from 1.4 to 1.

Statement of Cash Flow: Went from 60K to 10K.

Balance of Derivative Liabilities went from 950K to 5.5M

The only thing good about this report is this:

Intangible Assest: They've gained 24K in Net Property and Equipment! LOL Wow!

They also still owe 136K to their own board members!

This report was horrible! If you don't see this stock is headed to disaster you're completely BLIND at this point.

Good luck to all! You will need it if your still holding this! Like I said over a month ago this is headed down and the charts have been in a DOWNTREND. It has also been trending BELOW the 200MA!!! What more of an indicator do you need at this point!