NanoTech Entertainment Inc (NTEK)

[fawd]

Just another way to show Assets. Dont believe me? The assets and stockholders deficit numbers are EXACTLY THE SAME at $4,872,765

Quick breakdown of this, cause it can be confusing to some...

STOCKHOLDERS' DEFICIT
Common Stock, $.001 par value 724,874,022 issued $(724,874) (this is just the shares outstanding, at .001 par-value...)
Additional Paid-In Capital $(5,685,245) (any payment received from investors for stock that exceeds the par value of the stock. please see *** below for explanation)
Deficit accumulated during the development stage $2,108,208 (Debts company owes long term. 30yr loans, 5 yr loans, multi-yr leases, etc. Think of this number like NTEK's total morgage... and its ONLY 2 million... EASY AGAIN!)
Total Stockholders' deficit $ (4,301,911) Just the above added together
TOTAL LIABILITIES and STOCKHOLDERS' DEFICIT $ (4,872,765) Total assets.

Stockholders' deficit section is normally pretty whack with OTC firms because the par value of a share is not nearly representative of market value. See the note below for a quick example... it helps explain a bit.



**** For example, the board of directors of a business authorizes 10,000,000 shares of common stock at a par value of $0.01. The company then sells 1,000,000 of these shares for $5 each. To record the receipt of cash, the company records a debit of $5,000,000 to the cash account, $10,000 to the common stock account, and $4,990,000 to the additional paid-in capital account.




NEXTTTT!!! GO NTEK!!! WEEEEEEEeeeEEEEeeeEEEEeeeEEEEEEE!!!!!!!!! GET NTEK!