Replies to post #33793 on Nate's Food Company (NHMD)

[Sleepy2016]

No Series D or Series E stock exists. Well then.

[Sleepy2016]

$3,996 gross revenue for the year. Over $1 million in expenses. $109 in the bank.

As of May 31, 2015, the Company had $109 in cash, $85,004 in equipment for a total of $85,113 in total assets. In management’s opinion, the Company’s cash position is insufficient to maintain its operations at the current level for the next 12 months. Any expansion may cause the Company to require additional capital until such expansion began generating revenue. It is anticipated that the raise of additional funds will principally be through the sales of our securities. As of the date of this report, additional funding has not been secured and no assurance may be given that we will be able to raise additional funds.

As of May 31, 2015, our total liabilities were $415,676, which consists of $3,000 in accounts payable, $9,795 in convertible note, $221,040 in derivative liability, $141,508 in loans from our shareholders, $11,083 in accrued expenses and $29,250 in deferred revenue.