This is a very large and very good contribution - Ptah makes its way on to 0.25 $............
FOR THE 3 MONTHS ENDED MARCH 31, 2013 AND 2012
Long-Term Notes Payable 138,600
Equipment Loans 136,187
Total Long Term 274,787
NOTE 5 – LONG TERM AND CONVERTIBLE DEBT RJB Consulting, Inc., and T. Peter & Company, Inc. original amount $150,000 15% per annum The combined total due on both obligations is $160,750 as of December 31, 2013.
During the 1st quarter, 2013, the Company issued 114,763,280 common shares for debt retirement of $63,530 involving RJB Consulting, Inc., and T. Peter & Company, Inc.
Company assumed short term debt of Kingsley Logistic Group in the amount of $112,750. Operating equipment debt is due to banks with a term of 2 years.
NOTE 5 - SECURED LOANS During the quarter ended March 31, 2013, Eggspress, the Company’s refrigerated carrier, increased secured loans by $16,577 through the purchase of operating equipment.
Changes in Shareholders’ Equity For the 3 Months Ended March 31, 2013 shares issued for debt reduction 213,999,996 ------------------------------------------------------------------------------------------------------------------------------------FOR THE 6 MONTHS ENDED JUNE 30, 2013 AND 2012
LIABILITIES & EQUITY Liabilities Accounts payable 76,184 Accrued expenses 170,669 Convertible Short-Term Notes 30,000 Unsecured Note - Kingsley Logistics Group 112,750 Total Current Liabilities 389,633
Long-Term Liabilities Notes Payable 131,352 Equipment Loans 160,147 Note Payable to NortFord, LLP 500,000 Total Long-Term Liabilities 791,499 TOTAL LIABILITIES 1,181,132
Shares Issued for Debt Reduction 240,822,760
NOTE 5 – LONG TERM AND CONVERTIBLE DEBT On January 15, 2009 RJB Consulting Inc. and T. Peter & Company Inc. $100,000 @ 15% per annum Both Notes for 2009 were purchased by third party investors that were issued shares of Class A Common stock based upon the formula set forth in the notes leaving a $0.00 balance.
On Februar,y 1, 2010 RJB Consulting Inc. and T. Peter & Company Inc. The combined total due on both obligations is $50,000 plus interest as of June 30, 2013. The Company will seek to reduce this debt through negotiations with the holders during the 3rd quarter.
During the 1st and 2nd quarter the company the company retired $120,550 of above debt in exchange of 445,252,760 shares of Common stock.
On June 12, 2012 The Company assumed short term debt obligations of Kingsley Logistic Group in the amount of $112,750.
On March 6 2013 the Company entered into two short term Convertible Notes due and payable in one year in the amount of $15,000 bearing an interest rate of 12%.
During the 2nd quarter of 2013, the Company issued 60,000,000 shares of class A common stock to Deer Valley LLC, through a 504D program, receiving $13,000 in proceeds, used for working capital.
The Company acquired Nortford LLP and Eggspress LLP in 2012 by issuing a promissory note in the amount of $500,000, payable in the 1st quarter of 2014. The Company is negotiating additional terms of this note to include partial payment through Preferred Shares. Operating equipment debt is due to banks with a term of 2 years.
NOTE 5 - SECURED LOANS During the quarter ended June 30, 2013 Nortford, the Company’s refrigerated carrier, purchased $193,249 of operating equipment.
READ IT VERY SLOW IF YOU DONT UNDERSTAND GO TO YOUR BROKER AND HE WIL EXPLAIN IT.
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