Reeltime Rentals Inc (RLTR)

[Chachang1]

Payables are debts in the general course of business. Deficits are not. You can get a deficit simply by issuing stock at a discount. Lets say you issue stock at .05 when the stock is at .10 If you did that for 100k then you would have shareholders and deficit effected by 50k because the deficit needs to be reflected on the books. It does not become a payable nor debt at that time but is a deficit.

Another way that companies get deficits is to issue stock for services. This can be dome to lawyers, accountants, consultants etc. Whatever the services are valued at say again the 100k then it would reflect to the deficit. In this case you would show the entire 100k as deficit. It is not a payable nor a debt as the services were paid for with company stock. It is a deficit.

Also if a company has stock in another company that is valued at say 100k and then because of whatever reason it gets sold at 10k then the 90k would be reflected as a deficit. Again not a payable nor a debt. and not needing to be repaid.