No revenue means there is a serious problem. Remember the whole premise of this scam was to take his empire public. Any assets rolled in have to be accounted for. Any pending contracts, deposits and so on have to be accounted for.
And I will stand corrected if wrong and don't recall my accounting 100%, but to do an audit they will have to roll in all the past years businesses numbers from the private company since inception.
This will be interesting at best
I just consulted with an accountant friend who advises of the following.
The key. a balance sheet and equity statement are since inception. If information is missing, it is impossible to present those statements accurately. Even 1 year's information that is missing can easily cause the financial statements to not be accurate, and therefore not auditable.
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