Lots of folks have "income" it is bottom line profits that keep you in business in a private business. In a public company it is shareholder value that counts.
Do you see anything close to ever earning a penny a share here?
Do you see 900Million shares have been issued in common and another 100Million in fully diluted preferred to create a few 10's of thousands in value. Yes, I call that a diluted turd with more on the way.
Lots of folks have debts & expenses. Most companies consider company officials compensation as an expense.
This has all been gone over already.
Keeping in mind of the TOTAL ASSETS 1,347,043
includes $56,000 owed from Ted which only should be a return of shares.
And another $140,000 in "goodwill" from Proflow. A far stretch
if Ted was left with all remaining Proflow assets.
-196,000
TOTAL (total real assets) ASSETS $1,151,043
TOTAL LIABILITIES
1,181,132
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.
FINANCING ACTIVITIES
Bank Line of Credit
40,000
Capital less Draws
24,976
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