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Consolidated UPDATE on NGEN !!!

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Magnum7419 Member Level  Monday, 10/21/19 10:49:25 AM
Re: Sean Portman post# 82859
Post # of 86037 
Consolidated UPDATE on NGEN !!!



Any and all questions regarding NGen are answered here or by the CEO .

Give him a call or email :

Ed Carter
972-663-9483
Chief Executive Officer
Liberated Solutions, Inc.
info@ngen-tech.com


Net sales $ 92,692,830
Six Months Ended June 30, Three Months Ended June 30,
Years ended December 31 2019 2018 2019 2018

Net sales $ 92,692,830


Net sales $ 20,072,236

Consolidated Financial Statements

As of and for the years ended December 31, 2018 and 2017

with Report of Independent Registered Public Accounting Firm


Years ended December 31 2018 2017

Net sales $ 20,072,236

https://www.sec.gov/Archives/edgar/data/1503161/000149315219014188/ex99-1.htm

Consolidated Financial Statements (unaudited)

As of June 30, 2019and December 31, 2018
and for the Six and three months ended June 30, 2019 and 2018

https://www.otcmarkets.com/filing/html?id=13644766&guid=OQTfUW-8iGXhFth#EX99-2_HTM



Everyone should listen to David(current and past / CTO) talk. This video is three years old..

think about that......

https://www.youtube.com/watch?v=eu-NJTzDP-g



"Ngen currently has purchase orders with (i) a manufacturer of televisions*, smartphones*, and tablets* for its 3D Mobile Displays and 3D TV Modules; and (ii) a manufacturer of automobiles for its silencer/mufflers

Ngen operates under an original equipment manufacturer (OEM) structure. *

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151285556

"Ngen sells its silencer/mufflers for $75 USD, which nets the company an average profit margin* of 14.61%."

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151576343

Current contract calls for 150,000 mufflers to be manufactured every 90 days thru to mid summer 2020 :)


"Ngen Korea plans to design, manufacture and sell 3D enabled mobile communication (Smartphones) and electronic devices (PDAs) under OEM/ODM structure. Ngen Korea plans to manufacture and sell under major handset manufacturers such as Samsung models and ZTE line up of Smartphones. Through the Company’s facilities, Ngen Korea continues to develop new and innovative applications of Ngen Korea’s glasses free 3D technologies for mobile phones, PDAs and electronic advertising devices with an expanding commercial market appeal. Ngen Korea’s proprietary IP and products such as 3D film and algorithm will be closely guarded and protected through multi-layer encryption and controls."

https://www.sec.gov/Archives/edgar/data/1503161/000149315219014188/ex99-1.htm#a_001

https://www.zteusa.com/products/smartphone
LIBE NEWS: Ngen Technologies Delivers First 225,000 Units of Its 3D Without Glasses TV Module

Ngen Technologies Delivers First 225,000 Units of Its 3D Without Glasses TV Module
October 09, 2019 11:42 AM Eastern Daylight Time
DALLAS--(BUSINESS WIRE)--Liberated Solutions, Inc. (OTC PINK: LIBE), doing business as Ngen Technologies USA Corp (“Ngen Technologies”), is in the business of research, design and manufacturing of proprietary 3D mobile display modules for smartphones and other telecom OEMs. The 3D module, once installed during the MCD or OLED manufacturing stage, allows the display of 3D content without the use of 3D glasses.

Ngen Technologies is pleased to announce that it has received delivery confirmation on the first 225,000 units of its 3D film and module chipsets for 3D viewing without glasses for TVs. As a result, Ngen Technologies has recorded revenues for this delivery of over $10,000,000 in the third quarter of 2019, and anticipates ongoing shipments of its 3D technology to its distribution networks.

Ed Carter, Liberated Solutions’ CEO, stated, “We are very proud of our entire team that has worked diligently over the past several years to make this shipment happen. Many have attempted the challenge of 3D viewing without glasses and we are excited to be the company to deliver the technology to the marketplace for the Christmas shopping season.”

For more information please visit www.ngen-tech.com.
"

"The Company generates revenues from one geographic area, consisting of Korea.
The following enterprise-wide disclosure is
prepared on a basis consistent with the preparation of the consolidated financial statements:
Six Months Ended June 30, Three Months Ended June 30,
2019 2018 2019 2018
Korea
Net sales $ 7,776,830 $ 9,624,790 $ 3,860,253 $ 5,298,386"

see page 11 https://www.otcmarkets.com/filing/html?id=13644766&guid=OQTfUW-8iGXhFth#EX99-2_HTM

Total comprehensive income $ 4,776,194

see page 4 https://www.otcmarkets.com/filing/html?id=13644766&guid=OQTfUW-8iGXhFth#EX99-2_HTM


Total current assets: 23,749,223

see page 3 https://www.otcmarkets.com/filing/html?id=13644766&guid=OQTfUW-8iGXhFth#EX99-2_HTM

Cash and cash equivalents - end of year $ 3,721,784 2018 "audited"

see page 7 https://www.otcmarkets.com/filing/html?id=13644766&guid=OQTfUW-8iGXhFth#EX99-2_HTM

Consolidated Financial Statements
As of and for the years ended December 31, 2018 and 2017
with Report of Independent Registered Public Accounting Firm

https://www.otcmarkets.com/filing/html?id=13644766&guid=OQTfUW-8iGXhFth#EX99-2_HTM


Article 22. Confidentiality



22.1 “NGEN” and “Samsung” shall not disclose to third parties
confidential information on the other party’s technology or business obtained during the performance of this Agreement or individual agreements without the other party’s consent for 5 years after the termination of this Agreement as well as during the term of this Agreement.

"Opinion on the Consolidated Financial Statements
We have audited the accompanying consolidated balance sheets of Ngen Technologies USA Corp. and subsidiary (the “Company”) as of
December 31, 2018 and 2017,
and the related consolidated statements of operations, stockholders’ equity, and cash flows for the years then
ended. In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated
financial position of the Company as of December 31, 2018 and 2017, and the results of its operations and its cash flows for the years then
ended in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
The Company’s management is responsible for these consolidated financial statements. Our responsibility is to express an opinion on these
consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting
Oversight Board (United States) (PCAOB)
and are required to be independent with respect to the Company in accordance with the U.S.
federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due error or
fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As
part of our audit, we are required to obtain an understanding of internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s
internal control over financial reporting. Accordingly, we express no such opinion.
Our audit included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due
to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence
regarding the amounts and disclosures in the consolidated financial statements. Our audit also included evaluating the accounting principles
used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.
We believe that our audits provide a reasonable basis for our opinion."
]



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