Energy Revenue America Inc (ERAO)

[chokkan]

Simply look at their statements and you will see that they cannot sustaine any big orders.Anyway I know that they don,t even have the product for now.Show me a better DD than a statement if you are so smart
NAVSTAR TECHNOLOGIES, INC.
BALANCE SHEET
December 31, 2009
ASSETS
Current Assets
Cash in Banks
$141,390
Accounts Receivable
70,000
Inventory
20,497
Total Current Assets
231,888
Non Current Assets
Fixed Assets
3,650
Goodwill - 2008
0
Total Non Current Assets
3,650
TOTAL ASSETS
$235,538
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Accounts Payable
$23,233
Accounts Payable - Argo 2008
639,089
Other Acquired Liabilities of Argo
150,001
Loans Payable
872,859
Total Current Liabilities
1,685,182
Total Liabilities
1,685,182
Shareholders' Equity
Common Stock - Paid In Capital
13,373,832
Issuance Costs - Paid In Capital
(947,678)
Preferred Stock Dividends Paid
(296,121)
Total Paid In Capital
12,130,033
Retained Earnings
(12,675,781)
Net Income
(903,896)
TOTAL SHAREHOLDERS' EQUITY
(1,449,644)
LIABILITIES AND SHAREHOLDERS' EQUITY
$235,538
NAVSTAR TECHNOLOGIES, INC.
STATEMENT OF OPERATIONS
TWELVE MONTHS ENDED DECEMBER 31, 2009
Income
$65,306
Cost Of Sales
38,922
Gross Profit
26,385
Expenses
Depreciation & Amoritzation
4,860
Employee Benefits
1,160
Facilities
70,715
Information Technology
15,094
Insurance, Taxes and Licenses
5,915
Other
25,443
Professional & Outside Services
253,119
Salaries & Wages
440,004
Selling & Marketing
1,157
Supplies/Postage/Printing
7,481
Travel & Relations
34,274
Total Expenses
859,221
Net Ordinary Income
(832,836)
Total Other Expense
16,906
Total - Interest Expense
54,154
Net Income
(903,896)
EBITDA
(844,882)
As of December 31, 2009
Shares Authorized 100,000,000
Shares Issued 2,303,032