Kaya Holdings Inc. (KAYS)

[Pennywhistle]

re:"nonsense" It's in the financials, which I agree have discrepancies which are nonsensical but there is no denying their own stated tax liability for 2014 and the fact that it somehow disappeared in from being reflected in 2015. hmmmmmm.....

Provision for tax liability in 10k from 2014 shows a tax liability of $234,323 [column on left] on revenues of 75,000.
Quote:
Net (loss) before Income Taxes (1,414,520 ) (417,090 )

Provision for Income Taxes (234,323) —

Net (loss) (1,180,197 ) (417,090 )


ih.advfn.com/p.php?pid=nmona&article=66447537

For 2015 10q it appears Craig 'forgot' to show the same provision for 2014[column on right] and reflects no provisions for taxes in 2015[column on left].

Considering KAYS stated and unpaid tax liability for 2014 as reflected above in the 2014 10k was over 200,000 on 75k of revenue it is safe to assume that the tax liability on 324.000 reported revenue in 2015 would be over half a million dollars.


Quote:
Net Income (loss) before Income Taxes (3,327,64) (2,544,208)

Provision for Income Taxes — —

Net Income(loss) (3,327,645) (2,544,208)


http://ih.advfn.com/p.php?pid=nmona&article=71495723