$SODE.023-NET-PROFITS and NO-DILUTION-how-REFRESHING these financials are>>>
The company has been profitable and although these financial statements are not audited it is management’s opinion that an auditor would not express a “going concern” statement. The Company has an accumulated profit of $179,400 and while it is still reliant on raising money for operations by seeking loans and selling its common stock, the operations are profitable
As of September 30, 2019, the number of shares outstanding of our Common Stock was: 183,753,333 As of December 31, 2018, the number of shares outstanding of our Common Stock was: 183,753,333
Authorized Common Stock As of September 30, 2019, Social Detention had an authorized common stock capital of 200,000,000 shares with a par value of $.001. Authorized preferred stands at 25,000,000 shares with a par value of $.001. These numbers remain unchanged as of the date of this filing and the Company has no current plans for any increase thereof.
A. Summarize the issuer’s business operations Social Detention is in the business of building infrastructure. With its acquisition of RL Consulting, it has a long history of successful contract awards, and has launched a program whereby it intends to grow through acquisition in the coming fiscal year. The president, Mr Robert Legg has been able to build these companies in the past a from startup to companies that generate over $15M in annual revenues. He intends to build a network of small providers into a large network that will both be able to provide synergistic support to the other parties, by means of production capabilities, financing and other relationships. To the bigger benefit of shared contracts. The goal in the next year is to acquire 3-5 smaller entities that are generating between $1-5M in revenue annually, and to be able to secure over $15M in contracts for each in the coming 12 months. The company intends to grow through acquisitions. It has plans to expand in the coming years by acquiring strategically placed companies in the industry.
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