Read this and tell me it adds up to 150k for it...
Total current assets in oct 2013 was $222,273
Total current assets in april 2014 was $4,532,706
Total fixed assets in july 2014 was $4,369,035
Now fixed assets means Fixed assets, also known as "tangible assets" [1] or property, plant, and equipment (PP&E), is a term used in accounting for assets and property that cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts, which are described as liquid assets. In most cases, only tangible assets are referred to as fixed.
So did our value go up and if so what was it the lithium the land
the concessions or did he buy equipment or some sort of other assets to raise the value????
And then it says this
e company has agreed to sell its Chilean corporation holding the claims of all lithium rights and
warranties for 150,000 dollars in cash to a private buyer. The first payment of $50,000 dollars was
received in June 2014. Subsequent payments of $50,000 are to follow over the upcoming sixty and
ninety days respectively. The company expects the transaction to be closed by the end of the third
quarter 2014.
The company is in negotiations to finance mining equipment for a royalty based transaction in
Ecuador. The company expects this transaction to be formalized during the third quarter.
How can it only be worth 150k??? Is this a partial of the concessions or some other kind of assets we didnt know
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