IHSI @IHSItweets · Jul 23, 2019 IHSI is pleased to announce that we are in process of approving the withdrawal of our legal counsel for the TCA litigation. We are now in direct communication with TCA to settle outside of court and do not feel we need counsel moving forward. Thank you. IHSI @IHSItweets · Jul 19, 2019 We are pleased to announce that we have reengaged our auditors to bring our financials current. With most of the financials near completion we hope to become current as soon as possible. We will provide better timelines within the next couple weeks. Thank you. IHSI @IHSItweets · Jul 15, 2019 Due to the continued litigation with TCA our company progress had been stalled. However we are pleased to report that we are sending another counter offer to TCA this week and are very hopeful that we are getting closer to resolution. More updates to come later this week. Thanks.
Total Liabilities Factoring In Paid In Capital, Including the Initial $631,000 Payment For Cresent= Under $2.5M.
"NOTE 15 – LINE OF CREDIT On March 9, 2017, the Company entered into a revolving line of credit to borrow up to $5,000,000 dollars of which $631,855 was drawn immediately. Of the amount drawn on March 9, 2017, $500,000 was paid to the seller of Cresent Construction Company as the cash component of the acquisition and $131,855 was drawn to pay seller and financer acquisition related costs."
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.