Replies to post #12877 on Deltron Inc (DTRO)

[EarnestDD]

Total liabilities at 9/30/11 were $12.38 Million.
Nowhere on DTRO's financials does it say Total Debt of $4.4 Million.
The Derivative Liability does inflate Total Liabilities as that is the value of the shares that will be required to pay off the Convertible Loan.
The Derivative Liability has increased even further with the further recent slide in DTRO's PPS.
jmo

Current liabilities
Line of credit $ 100,000
Bank overdraft 30,002
Accounts payable 241,929
Accrued expenses 155,925
Income taxes payable - 1,600
Accrued expenses - related parties 329,000
Accrued interest - related parties 111,809
Derivative liability 7,159,130 -
Convertible notes 3,165,741 -
Convertible notes - related parties, net of note discount of $79,333 - 96,167
Current portion of long term debt - related party 489,082
Total Current Liabilities 11,782,618
Notes payable - related party, net of current portion 606,028
Total Liabilities 12,388,646

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