Replies to post #16550 on Start Scientific Inc. (fka STSC)

[midtownmurphy]

They OWN NOTHING!! They have a 1/4 % "working interest". They have ZERO ASSETS ON THEIR BOOKS

Overview

Prior to April 2012, we were a reseller of technology-related hardware and software, including laptops, desktops, networking devices, telecommunication systems and networks, servers and software. In April 2012, in connection with the acquisition of two separate one-fourth (1/4) working interests in certain oil and gas leases located in Yazoo County, Mississippi, our principal business became the exploration, development, and production of oil and gas interests.

Results of Operations

Following is our discussion of the relevant items affecting results of operations for the three and nine month periods ended September 30, 2018 and 2017.

Revenues. The Company generated net revenues of $-0- for the three and nine month periods ended September 30, 2018 and 2017.

[midtownmurphy]

Thanks for the heads up, seems we have some auditing issues. The 2013 Financials list the oil leases as an "asset". Why did they disappear from the 2014's. hmmmmmmmmmmmmmm

START SCIENTIFIC, INC.
Balance Sheets

ASSETS
September 30, December 31,
2013 2012
(Unaudited)

CURRENT ASSETS

Cash and cash equivalents $ 189 $ 90
Prepaid assets 22,645,000 22,645,000

Total Current Assets 22,645,189 22,645,090

OTHER ASSETS

Working interest in oil leases 2,710,000 2,560,000

Total Other Assets 2,710,000 2,560,000