Tuesday, May 23, 2017 1:44:25 AM
of at year end 03/31/2012...
Financial info posted at
otcmarkets.com shows it...
2011 to 2016 info...
http://www.otcmarkets.com/stock/CSOC/financials#
established adding about $5
million of tax losses to
carry forward from 2012 year end...
2011 to 2016 balance sheets...
click on balance sheet...
http://www.otcmarkets.com/stock/CSOC/financials#
Tried to add about $4,913,000
of debt back at year end
2015 but no add for
an equivalent asset valuation...
Short Term and Current Long Term Debt 4,913 4,913 37 63
Improper accounting is also
what created the huge
deficit for equity also...
Retained Earnings (10,167) (9,873) (5,213) (101)
Capital surplus lines
also raise a query on
2012 add for what?...
No idea on proper way to
account for adding in a
debt buyout of a non-
performing previous asset...
But this certainly doesn't
appear an example of how
to do it properly...LJ
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