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Monday, September 29, 2014 5:27:27 PM
Quote:
On April 10, 2014 the Company issued 13,580,000 shares of restricted common stock containing the restrictive legend to
meet a variety of contractual obligations, which were distributed as follows:
Issued Bennie Blankenship, unrelated and non-affiliated investor, 7,580,000 shares of restricted common stock
containing the restrictive legend, at $0.033 per share, as part of obligations under a previously entered into
contract as well as increasing the company’s cash by $250,000.
Quote:
Cash Flow from Financing
Notes Payable – Conv Deb. $ 310,750
Quote:
D. NOTES PAYABLE
n/a
E. STOCKHOLDERS’ DEFICIT
The Company has authorized 740,000,000 shares of common stock with a par value of $.001, and no preferred
stock. As of JUNE 30, 2014 the total shares issued and outstanding was 589,346,094.
F. CONVERTIBLE DEBENTURES
During period ending JUNE 30, 2014, the Company issued no convertible debentures.
This is for the Q ending March 31, 2014:
Quote:
Cash Flow from Financing
Notes Payable $ 160,500
This is for the Q ending December 31, 2013:
Quote:
Cash Flow from Financing
Notes Payable $ -
This for the Q ending Sep 30, 2013:
Quote:
Cash Flow from Financing
Notes Payable $ -
So where is the entry for the $250,000 equity investment? Also, why is there not a Statement of Shareholder Equity?
I wish they would provide GAAP financials with a proper cash flow and a comparative period as well as the Statement of Shareholder Equity. The notes are severely lacking.
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