Viper Networks Inc (VPER)

[chainma1l]

Why are they now recognizing assets that weren't recognized in Q1? And why not carry that goodwill a little longer? Did they have to write it down immediately?
$18,695 in revenue for Q2.
Operating expenses up over $90,000 for Q2.

NOTE 3 – LIQUIDITY AND CAPITAL RESOURCES
The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern.
This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. The net loss for the six months
ended June 30, 2022, was approximately $276.8 thousand, and the Company has approximately $72.3 million of accumulated deficit and
$146,512 of working capital deficit as of June 30, 2022. The Company does not have a source of revenue sufficient to cover its operation
costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of additional capital
through selling of common stock in order to implement its business plan, or merge with another operating company. Management is currently
evaluating several investment opportunities which are at various stages of due diligence. Given the complex nature of such investigations
and negotiations, management cannot predict when any future investments will be consummated. There can be no assurance that the
Company will be successful in these efforts in order to continue as a going concern.

NOTE 8 –SUBSEQUENT EVENTS
The Company has evaluated all events that occurred after the balance sheet date through the date when the financial statements were issued
to determine if they must be reported. Management determined that there were no other reportable subsequent event(s) to be disclosed at this
time.

Wow. Approving the dilution of shareholders by over 100% isn't worthy of being reported in this?
Also interesting:

The Company will not have and influential control over the daily management of the business nor the day-to-day operations of EcoTech.

What an amazing company.
Goo VPER