Vapor Group Inc (VPOR)

[jvl820]

Discussed the financials with a friend of mine in accounting. Besides being unaudited (always a red flag) he noticed the following:

1) what makes current assets on the balance sheet so big at $770k? that line item should never be the highest asset and if it is so high it should be labeled as such in the financials with an appropriate description. it can't be property cause that does not belong in current assets as that would be a fixed asset for long term. if someone owes them money it should be in A/R.

2) the income statement shows a loss of 1.5 million thru September but on the balance sheet for "accumulated paid in capital" it shows a positive of 1.2 million. this does not make sense. these numbers should always match.

3) the payable notes and expenses are over 3 times their assets. we all noticed this.

4) margins are low. we all also noticed this.