Thursday, May 09, 2019 1:22:38 PM
Preferred stock:
Series A, convertible, $10 par value,
499,930 shares authorized, 123,000 shares
issued and outstanding 1,230,000 1,230,000
Series B, convertible, $10 par value,
$25,000 stated value, 70 shares authorized,
14 shares issued and outstanding 350,000 350,000
Common stock, $0.01 par value, 40,000,000 shares
authorized, 16,629,229 shares issued and
10,975,760 shares outstanding 166,292 166,292
Additional paid-in capital 13,019,530 13,019,530
Accumulated deficit (17,255,945) (17,255,945)
Treasury stock, at cost (804,574) (804,574)
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Total shareholders' deficit (3,294,697) (3,294,697)
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Total liabilities and shareholders' deficit $ 52,979 $ 52,979
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