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Re: asskiss_of_evil post# 821

Wednesday, 10/28/2009 12:56:07 PM

Wednesday, October 28, 2009 12:56:07 PM

Post# of 9932
People please learn to read the 10Q and all other is off topic. Here are the numbers and yes they have sold some shares. There are no new filings as of yet to sell mopre and until they are i will delete as off topic. Back your statemnets up with facts or the post is also off topic if they are one line quips. Keep it clean and we will not have to banned based on personal attacks vulgarity and the othe nonsense going on here today. If you have a problem please feel free tpo pm. me. Here are numbers to concentrate on and if you wanted the board a month ago then do not tell us about it now.

ASSETS (Unaudited) (Restated)

Current Assets:
Cash and cash equivalents $ 1,841,857 $ 470,288

Stockholders' Equity:
Preferred Stock, $0.001 par value, 1,000,000 authorized; no shares issued and outstanding – –
Common Stock, $0.001 par value, 250,000,000 authorized, issued and outstanding 124,406,944 and 117,440,764 at June 30, 2009 and March 31, 2009, respectively 124,407 117,441
Additional paid-in capital 15,095,032 14,714,148
Accumulated deficit (24,244,607 ) (20,560,843 )
Total Stockholders' Equity (Deficit) (9,025,168 ) (5,729,254 )
Total Liabilities and Stockholders' Equity (Deficit) $ 23,511,156 $ 21,765,041


Restated
Additional Restated
Accumulated
Shares Common Stock Paid-in Capital Deficit Total

Balance March 31, 2008 54,885,103 $ 54,885 $ 9,779,844 $ (17,888,473 ) $ (8,053,744 )

Shares issued for cash 5,606,000 5,606 966,324 971,930
Shares issued services of employees and others 4,300,000 4,300 948,700 953,000
Stock option valuation 85,383 85,383
Net loss for the three months ended June 30, 2008 (903,031 ) (903,031 )

Balance June 30, 2008 64,791,103 $ 64,791 $ 11,780,251 $ (18,791,504 ) $ (6,946,462 )

Balance March 31, 2009 117,440,764 $ 117,441 $ 14,714,148 $ (20,560,843 ) $ (5,729,254 )

Shares issued for cash 4,380,000 4,380 115,620 120,000
Shares issued for services of consultants and others 2,586,180 2,586 164,614 167,200
Stock option expense 100,650 100,650
Net loss for the three months ended June 30, 2009 (3,683,764 ) (3,683,764 )

Balance June 30, 2009 124,406,944 $ 124,407 $ 15,095,032 $ (24,244,607 ) $ (9,025,168


ancing Activities:
Net borrowings of debt 294,127 182,000
Repayment of debt – (216,792 )
Net proceeds from issuance of common shares 120,000 971,930
Net cash provided by financing activities 414,127 937,138
Net increase (decrease) in cash 1,371,569 (34,462 )
Cash and cash equivalents at beginning of period 470,288 59,544
Cash at end of period $ 1,841,857 $ 25,082

Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest $ 383,280 $ 60,768
Income taxes $ – $ –

Non-Cash Activities:
Common stock issued for services (167,200 ) (953,000 )
Common stock issued for services 2,586 4,300
Additional paid-in capital from conversion of note payable 164,614 948,700
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y