u just not getting the big picture are ya Joanie:
Sales and marketing expenses:
Nine Months Ended September 30, $ 75,328
General and Administrative Expenses:
Nine Months Ended September 30, $ 977,701
General and administrative expenses increased in the three months ending September 30, 2011 as compared to the three months ending September 30, 2010 due to the following: an increase in accounting services of approximately $57,000, legal fees of approximately $51,000, consulting fees of approximately $42,000, rent of approximately $15,000 and other expenses of approximately $11,700.
These are NOT telling you what the "Amount or percentage is of "Decrease" as implied,, these are the actual amounts of cash for shares paid out!
Revenues
Net Revenues
Nine Months Ended September 30, $ 31,000.
They actually earned a couple of bucks this year,, a whole 31 thousand bucks! Wup-py!
General and administrative expenses: $ 977,701
accounting -$57,000
legal -$51,000
consulting -$42,000
rent -$15,000
other expenses -$11,700.
the balnce?
Administrative payroll, options, bonuses, dividends etc.. !! >>> -$801,001..
and lets not forget the hooker's share, some figure near $106,000,, or whatever that mess equals!
husband and wife teams 9 months ending >>> $907,001..
And Joanie,, taxed deducted payroll is not a company expense: I don't care what figures you come up with..
Whatever amount they paid them selves which looks FAR higher with benefits, bonuses and dividends all inclusive.
it works like this: first you sell shares for Cash to pay the family,, from that total Take out SSI, Insurance and Medicare, etc.. federal state and local,, ,, this becomes a cash deposit and recorded in the register as Cash on the books..
There's ways to divert this too,, get dividend and that's unearned income,, lower fed tax bracket 15%, and no SSI Medicare etc> but it wouldn't be recorded in the company's book,, just a little bonus to devert personal income tax amount..
Tax deductions are a holding related position inside the register. It's not a company "expense" it's personal expenses of the payee held in trust for such..
companies don't "expend" a trust account.. they distribute it..
the ONLY payroll tax deductions, "Deductible" are SSI Medicare, health premiums,
They have not recored cash holdings of such,,
for the nine months ending: Cash $ 352
That's not even enough inside the bank to pay for the SSI and Medicare liabilities..
BUT I'll bet your bottom bippy,, they'll sell Shares in order to raise the cash, so the shareholders can pay that extra benefit.. it's like skipping a whole amount in one direction, and then passing the buck later raising funds which should have been inside the books but weren't.. BUT they already sold the shares! right?? duh,, where's the cash!!?? time to dilute some more,, basically keep the previous amount in their pockets, and beg shareholders to double that up.. the register will say one thing,, but all the babble inside the reports will just look like regular business.
the hookers getting unearned income,, personal tax of only 15% too..
Let take a look at how much it cost your company to make $31k this year?? eh??
Operating Loss:
Nine Months Ended September 30, $ (1,022,029 )
Wo-HOOO!! spent over a million bucks to make $31,00!!
The best part,, the year was only 9 months here,, 1 more quarter, and it's -340,676, for a 1.3 million dollar loss. THIS YEAR's 2011: expences!.
and lets check back to why I looked at this POS!!..
Yeah what about the company's// shareholder assets!!??
They just dumped a great portion of YOUR assets! to pay for junk..
that's the big picture,, 3rd quarter report and a lousy 8-k,, says; No matter which way you look at outgoing expences,, who got paid what,, you have been HOSED!!
This is how this type of "Holding company" operates..
best to presume the worst, highest paid "employee" amont verses ignornatly assume..
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