Southern Home Medical Inc (SHOM)

[Gman2488]

In response to Djponders findings on the filings from June and sept of 2016:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128137224

IMO:
As of the filings for June 2016 there were notes payable in the amount of $80,500 in promissory and convertible notes with incurred interest of $10,066. $80,500 is not a huge number for a company who is currently expanding their business into several positions, and entering into new markets for the sales of new products.

As of the third quarter filings for September 30 2016. There are no current liabilities. There are no notes payable but since two numbers on seperate lines look similar it is to be assumed book keeping mischief is happening. When in fact, is it possible; that all the notes have been paid or converted already at this time and thus the notes payable was erased as the the total liability has also been erased from the balance sheet? And if notes payable were used to purchase new equipment or such, would it be out of the question that the fixed assets would take the place of the notes payable to reflect the payment and thus ownership of such fixed assets?