Drone Services USA Inc. (DSUS)

[Seaam]

GAAP Accounting ... LOL

Financials show a deteriorating financial condition.

Did anyone notice that in the consolidation footnote all mention to Saenz Yachts and PV Enterprises, Inc. (Fl) have been eleiminated.

It is interesting to note that both these entities have been administratively dissolved by their representative Secretary of State registrations. Also, no operations exist.

GAAP accounting requires the write-off of these impaired assets and disclosure of the discontinued operations.

Please note that balance sheet window dressing from these discontinued operations still show approx $12 million PP&E tangible and approx $6 mill PP&E Intangible assets. The $20 million in assets cannot be substantiated and IMO a one time write-off of approximately $20 million needs to be booked.

GAAP Accounting also requires disclosure of contingent liabilities.
No disclosure is made of the Texas Judgment or the Florida/Sazant lawsuit.