All American Pet Company Inc (AAPT)

[Alydyr]

Only $16,885 in net sales for AAPT in 2012 (thru September).

Yet they OWE nearly $1 MILLION in BACK taxes, interest & PENALTY to the IRS & State(s) (mostly officer salaries).

From the recent 10-Q filing.....

5. PAYROLL TAXES

The Company was delinquent on certain filings and payments of required federal and state payroll taxes. The Company has provided an estimate of related penalty assessments and interest. The amount of payroll taxes, penalties and interest due at September 30, 2012 and December 31, 2011 totaled $872,270 and $797,422, respectively.