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Friday, February 28, 2020 1:51:48 PM
On May 30, 2019, the Company acquired X Train project from Las Vegas Xpress, Inc. for 3,000,000. On December 15, 2019, the Company sold the project to United Rail, a Nevada private company.
On December 15, 2019, United Rail, a Nevada private corporation, acquired rail projects from United Rail, Inc. The consideration for this acquisition was assuming liabilities associated with the projects: convertible notes of $781,259, accounts payable of $133,660, accrued expenses of $159,826, accrued interest of $227,041 and accrued payroll of $368,790. Based on that the balance sheet as of December 15, 2015, has been adjusted as reported in the supplemental statement on 12/18/2019, to reflect the acquisition.
https://backend.otcmarkets.com/otcapi/company/financial-report/239059/content
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