Gourmet Provisions Intl Corp (GMPR)

[meidiot]

MR.JAMES C VOWLER ,  lists BREW HOUSE kitchen equipment in the amount of $700,818 as an asset in his latest filing.Credo Ventures LLC:::  VOWLER maintains GMPR was a 50% partner (i can prove UPZS / GMPR was never a partner ) Credo Ventures LLC  never paid one dime on this note.Credo Ventures LLC  dba TAP HOUSE SPORTS GRILL closed its doors years ago.Per the note the equipment belongs to Mrs.Sandra Dor---n Why is it still listed on GMPR books as an asset?

Note 5 – Note Payable to a Related Party Individual Pursuant to the Company’s variable interest entity relationship with a California based restaurant, the Company incurred a promissory note in the amount of $495,000. The amount payable to the individual, related through the variable interest entity relationship as the mother of the managing member of Credo Ventures, LLC who loaned the monies to Credo Ventures, LLC, at September 30, 2018 is $495,000. The promissory note bears interest of 10% per annum, has equal monthly payments payable of $10,517 over sixty months maturing on October 17, 2020 and the restaurant equipment is the collateral