News Focus
News Focus
icon url

Manti

07/02/13 8:20 AM

#272124 RE: Flyguy #272122

I'm looking at these numbers from the reported financials:

Liabilities and capital
Accounts payable $ 56,279

Payroll liabilities 48,384

Prepaid revenue 823

Advance due related parties 106,529

Convertible notes due related parties 185,062

Other current liabilities 69,452

Total current liabilities 466,529


Long term liabilities
Long term notes payable third parties 100,500

Deferred compensation 186,571

Notes payable to officers 328,900
This increased by over a quarter million dollars in the last year


Total long term liabilities 615,971


Total liabilities 1,082,500

NO WAY is QASP paying its way through operational revenues...