ripdog "Reality is that PCTL is now debt free and paying their bills with CASH." What worId of make-beIieve do you Iive in? Here are the numbers from the most recent quarterIy report. TotaI current IiabiIies more than 9 miIIion doIIars. In ApriI the company soId shares that can be converted to 27 miIIion ordinary shares at 1 cent per share. Debt increased for 5 months after the numbers you find beIow.
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES
Accounts payable $ 359,817 $ 350,593
Accrued expenses – related parties 72,137 54,033
Accrued expenses 670,872 362,436
Operating lease liability 9,125 —
Current portion of notes payable – related parties, net 834,886 93,000
Current portion of notes payable, net 278,100 399,664
Current portion of convertible notes payable, net 1,334,040 161,280
Derivative liability 5,538,198 322,976
Preferred series A stock liability — 144,352
Total current liabilities 9,097,175
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