NewStream Energy Technologies Group Inc (NSGP)

[JamesE_]

I never suggested it was a positive discovery.
Soon after the last 10K was released, I found a small, relatively insignificant discrepancy of $2,195,000 in the accrued salary for our management team: $6.6M vs $4.4M. Probably just a typo... no big deal. In any case, our boys work hard copy-and-pasting these SEC filings. If they feel the need to fudge the numbers for a little raise, who are we to quibble over an extra million here and there?

10K-2021, page 34:

NOTE 4: RELATED PARTY TRANSACTIONS
Wages and bonus payable to related parties

Accruals for salary and bonuses to officers and directors are included in accrued liabilities in the balance sheets and totaled $6,653,566 and $3,726,943 as of December 31, 2021 and 2020, respectively. As part of the separation agreement with Mr. Ponce de Leon, the Company agreed to pay him all his accrued salary within two years but agreed to pay him $200,000 by November 2015 out of revenues earned. As the Company did not earn revenue in 2015 and as of December 31, 2021 has still not earned revenue, the obligation to Mr. Ponce de Leon of $1,790,997 is currently in default and the amount includes $564,283 in accrued interest. It is the Company’s intention to pay Mr. Ponce de Leon immediately upon receiving revenue.

10K-2021, page 48:

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
Wages and bonus payable to related parties

Accruals for salary and bonuses to officers and directors are included in accrued liabilities in the balance sheets and totaled $4,458,566 and $3,726,880 as of December 31, 2021 and 2020, respectively. As part of the separation agreement with Mr. Ponce de Leon, the Company agreed to pay him all his accrued salary within two years but agreed to pay him $200,000 by November 2015 out of revenues earned. As the Company did not earn revenue in 2015 and as at December 2021 has still not earned revenue, the obligation to Mr. Ponce de Leon of $1,790,997 is currently in default and the amount includes $564,283 in accrued interest. It is the Company’s intention to pay Mr. Ponce de Leon immediately upon receiving revenue.

Note that both quoted sections are from the same 10K.
The bolded numbers should be the same, as they were in previous 10Ks.
Maybe this is related to the 21M shares Cartman is always going on about.
Is it possible they returned those shares to the company prior to the RS in exchange for an IOU at ~10¢/share? CCTC spent years bouncing between 8-12¢, so those shares could've been issued as bonuses during that period. I really don't know... just throwing out possible explanations.
Someone should bring it up at the next shareholders' meeting.

https://ir.cleancoaltechnologiesinc.com/annual-reports/content/0001185185-22-000456/0001185185-22-000456.pdf