I saw that about the Q1 Balance sheet. However, the quarterly report on page 10 where the balance sheet appears does not show the building. It also doesn't show much debt ($2 million), which for a company with no revenue is a lot. However, the dates on the balance sheet say as of December 31, 2021 and December 31, 2020. Am I reading this right from the link on the OTC Markets page? It looks like a typo, but more than that. It doesn't make sense to me.
So, to your point, if the December 31, 2021 statement is really March 31, 2021, then you are correct, they don't have the building on their balance sheet. The transaction didn't happen.
However, note 4 on page 15 does say that they did acquire 1094 Military Train, LLC, and that they are a business combination under common control. I'm not an accountant, so I'm not sure how that is accounted for, and how the common assets would be accounted for. I would think they would be in the SPRV Balance sheet. Acquiring the company means acquiring the building. So, note 4 argues against your point. However, note 4 is far more than we got with Web to Door.
Bottom line: The Q1 report which was supposed to answer these questions only added to the confusion. One, because the report was done poorly, and two, because the assets aren't on the spreadsheet. Is a business combination under common control a way to hide assets? That's what it looks like to me, but maybe I'm not understanding something.
So, I don't think you are proven right, but you aren't proven wrong. Am I the only one confused?
