Replies to post #7836 on Nexteligent Holdings Inc (NXGT)

[StockScout1]

2015 NET INCOME $ 170,818
2015 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 170,818
http://www.otcmarkets.com/financialReportViewer?symbol=EFFI&id=148672

Net Gain (Loss) Before Income Taxes: Net gain or loss before income taxes represents operating gain or loss plus other (non-operating) gain or loss. For the period ended June 30, 2015, the company had a net income of $170,818, compared to a net loss of $389,695 for the period ended June 30, 2014.

NOTE 2: GOING CONCERN
The Company sold the assets and business of Efftec in November 2012 and acquired Yam Yam. (See Note 6). The Company planned to raise capital utilizing debt and equity to fund the continuing development operations of Yam Yam, , and is currently utilizing the same means to fund its current operations in the mobile application sector The Company is experiencing continued operating losses and has a high debt obligation.

These conditions raise substantial doubt about the Company's ability to continue as a going concern. The accompanying consolidated statements have been prepared assuming that the Company will continue as a going concern. These consolidated statements do not reflect any adjustments that might result from the outcome of these uncertainties.

IMO paragraph 2. of Note 2 was contingent on Yam Yam, which it gave back. See Note 7
But, on every Annual Statement on an OTC stock this same statement appears.