Good morning the HNSS is building still and several others.
We did get are answer on shares now at EXOU and revs report is ok and will get better as the Fuel plant comes back on line. I expect to see news htere for guidance and when the plant is onlie. Here is the report and assets grew plus liabilities stayed the same so looks good for a hold and watch and see from here when she heads back up. Still looking thru the others for filings and news.
EXOUSIA ADVANCED MATERIALS, INC. AND SUBSIDIARIES
BALANCE SHEETS
As of June 30, 2010 and December 31, 2010
June 30, December 31,
2010 2009
ASSETS (unaudited)
Cash and cash equivalents $ 116,574 $ 3,015
Accounts receivable trade, net - 45,066
Prepaid expenses 4,060 4,060
TOTAL CURRENT ASSETS 120,634 52,141
NON-CURRENT ASSETS
Fixed assets, net of accumulated depreciation of $116,446 and $55,432 as of June 30, 2010 and December 31, 2009, respectively 6,881,212 166,523
Goodwill 7,877,766 -
Equity investment 6,000,000 -
Other assets 852,889 8,889
TOTAL NON-CURRENT ASSETS 21,611,867 175,412
TOTAL ASSETS $ 21,732,501 $ 227,553
LIABILITIES AND SHAREHOLDERS'
EQUITY (DEFICIT)
CURRENT LIABILITIES
Accounts payable and accrued liabilities $ 3,442,298 $ 1,677,704
Debentures payable 59,886 56,496
Notes and interest payable, net of discount 6,474,298 1,674,390
TOTAL LIABILITIES 9,976,482 3,408,590
SHAREHOLDERS' EQUITY (DEFICIT)
Series A Preferred Stock, no par value,10,000,000 million shares authorized; 3,973,042 and 0 shares issued and outstanding June 30, 2010 and December 31, 2010, respectively 16,781,784 -
Common stock $0.001 par value, 100 million shares authorized; 187,553,465 and 60,893,972 shares issued and outstanding June 30, 2010 and December 31, 2009, respectively 75,320 60,893
Additional paid-in capital 21,883,149 20,698,728
Capital stock payable 100,000 -
Treasury stock (1,451,990 ) -
Subscriptions receivable (822,826 ) -
Minority interest 1,185,210 -
Accumulated earnings (deficit) (25,994,628 ) (23,940,658 )
Total shareholders’ equity (deficit) 11,756,019 (3,181,037 )
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 21,732,501 $ 227,553
The accompanying notes are an integral part of these financial statements.
F-1
--------------------------------------------------------------------------------
EXOUSIA ADVANCED MATERIALS, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
For the Three and Six Months Ended June 30, 2010 and 2009
Three Months Ended June 30, Six Months Ended June 30,
2010 2009 2010 2009
REVENUES:
Sales $ 135,000 $ 121,393 $ 4,618,457 $ 204,254
EXPENSES:
Cost of Sales - 73,820 3,836,429 123,850
General and administrative expenses 1,390,486 1,367,693 1,483,012 3,274,115
Depreciation and amortization 36,659 54,331 60,949 108,525
TOTAL OPERATING EXPENSES 1,427,145 1,495,844 5,380,390 3,506,490
OPERATING INCOME (LOSS) (1,292,145 ) (1,374,451 ) (761,933 ) (3,302,236 )
OTHER INCOME (EXPENSE):
Interest expense (789,219 ) (27,194 ) (1,194,892 ) (33,854 )
Other income (expense) (6,645 ) (3,462 ) (97,145 ) (3,484 )
Total Other Income & Expenses (795,864 ) (30,656 ) (1,292,037 ) (37,338 )
Net (loss) before minority interest (2,088,009 ) (1,405,107 ) (2,053,970 ) (3,339,574 )
Minority Interest (4,103 ) - 85,590 -
NET INCOME (LOSS) $ (2,092,112 ) $ (1,405,107 ) $ (1,968,380 ) $ (3,339,574 )
Basic and diluted net income (loss) per share $ (0.01 ) $ (0.02 ) $ (0.18 ) $ (0.06 )
Fully diluted net income (loss) per share $ (0.01 ) $ (0.02 ) $ (0.06 ) $ (0.06 )
Basic weighted average number of shares outstanding 133,005,521 56,740,345 97,148,950 55,342,484
Fully Diluted Weighted Average shares outstanding 263,901,500 56,740,345 250,751,115 55,342,484
News 
Market Data 
Discover 
AI
