Trend Exploration Inc (TRDX)

[silvermintz]

The annual report is prior to anything being transferred in. TRDX was still a shell as of year-end.

The was only a $580K loss, which was the expense incurred for taking over the shell from Lazar. The remaining $4.179M accumulated deficit is just the retained earnings carried forward pertaining to the prior company.

"Retained earnings is the total accumulation of the company's net income for all of the years it has been in operation minus any amounts paid out to shareholders as dividends."