Saean Group Inc. (SEAN)

[surfkast]

Some very interesting posting here today. It was warm and refreshing to read the board today.
By any chance was anything mentioned if/when the audited financials are done will the company be in the black? Who did the unaudited financials and why are they "no good?" Is this just a fantasy?

Continental Prison Systems, Inc.
Income Statement
(Unaudited)

Net Revenues
$ 4,025,986.94
Cost of Revenues
1,186,724.62
Gross Profit
2,839,262.32
Operating Expenses
Sales and marketing
433,819.78
General and administrative
2,122,104.88
Research and development
538,689.95
Total Operating Expenses
3,094,614.61
Loss from Operations
(255,352.29)
Interest Income
6.51
Interest Expense
(408,778.49)
Other Expense, net
(336,926.84)
Loss Before Income Taxes
(1,001,051.11)
Provision for Income Taxes
15,000.00
Net Loss
$ (1,016,051.11)

Year Ended December 31, 2012
OPERATING ACTIVITIES
Net Income
$ (1,016,051.11)
Adjustments to reconcile Net Loss to Net Cash used by operations:
15200 Accumulated Depreciation
142,439.00
16100 Accumulated Amortization of Other Assets
109,815.00
Depreciation and amortization
252,254.00
Amortization of debt issuance costs
24,919.08
Stock based compensation
59,753.76
Changes in operating assets and liabilities
Accounts Receivable
31,003.31
Prepaid expenses and other current assets
(32,949.26)
Accounts Payable
320,809.10
Accrued liabilities
82,202.34
Deferred revenues
1,254,177.78
Net cash provided by operating activities
976,119.00
INVESTING ACTIVITIES
Purchases of property and equipment
(107,902.00)
Purchases of intangibles
(214,036.00)
Net cash used in investing activities
(321,938.00)
FINANCING ACTIVITIES
Payments on short debt net of proceeds from issuance
(90,455.15)
Payments on capital lease obligations net of proceeds from issuance
(601,605.81)
Payments on long term debt net of proceeds from issuance
(70,668.93)
Proceeds from issuance of common stock
295,000.00
Net cash used in financing activities
(467,729.89)
Net cash increase for period
186,451.11
Cash at beginning of period
318,682.65
Cash at end of period
$ 505,133.76



What about the debt from PFOU?
What about all of the other debt?