If the numbers don't terrify you, the lies should.
Post# of 75011
Here's a link to the reports so you can follow along at home. Jerry's made the original embarrassing and deceitful annual report "inactive" on OTC Markets (I wonder why?) but the link still works:
"Inactive" annual report:
http://www.otcmarkets.com/financialReportView...;id=141543
Audited report:
http://www.otcmarkets.com/financialReportView...;id=149050
The differences are amazing. Jerry has LIED at every turn.
Look for yourself:
Income Statement
Quote:
Revenue
-What they told you: $798,790
-What the audit says: $489,849
Difference: $308,941
Gross Profit
-What they told you: $370,383
-What the audit says: $277,391
Difference: $92,992
General & Administrative Expenses
-What they told you: $319,524 (Travel+Legal+Administrative)
-What the audit says: $2,439,302
Difference: $2,119,778
Advertising & Marketing Expenses
-What they told you: $459,387 (Marketing+Rhino+Consulting)
-What the audit says: $739,145
Difference: $279,758
Interest Expenses
-What they told you: $0
-What the audit says: $1,090,285
Difference: $1,090,285
Goodwill Impairment
-What they told you:$0
-What the audit says:$ 1,024,358
Difference: $1,024,358
Total Operating Expenses
-What they told you: $778,911
-What the audit says: $4,202,804
Difference: $3,423,893
Net Loss from Operations
-What they told you: $408,529
-What the audit says: $3,925,413
Difference: $3,516,884
Other Expenses:
-What they told you: 0
-What the audit says: 12,698,789
Difference: $12,698,789
Total Net Loss:
-What they told you: 408,529
-What the audit says: 16,624,202
Difference: $16,215,673
Balance Sheet:
Quote:
Assets
Accounts Receivable
-What they told you: $406,190
-What the audit says: $132,201
Difference: $273,989
Inventory
-What they told you: $505,380
-What the audit says: $755,471
Difference: $250,091
Prepaid Expense
-What they told you: $0
-What the audit says: $988,026
Difference: $988,026
Total Other Assets
-What they told you: $143,724 (Fixed +Total Other Assets)
-What the audit says: $14,687
Difference: $129,037
Liabilities
Accounts Payable
-What they told you: $24,961
-What the audit says: $193,013
Difference: $168,052
Accrued Interest
-What they told you: $0
-What the audit says: $121,457
Difference: $121,457
Derivative Liability
-What they told you: $0
-What the audit says: $ 11,504,057
Difference: $11,504,057
Total Current Liabilities
-What they told you: $1,538,194
-What the audit says: $13,163,468
Difference: $11,625,274
Stockholders Deficit
Accumulated Deficit
-What they told you: $2,160,535
-What the audit says: $19,204,108
Difference: $17,043,573
Cash Flow Statement
Quote:
Stock Based Compensation
-What they told you: $0
-What the audit says: $2,339,353
Difference: $2,339,353
Non-cash Interest Expense (i.e shares issued)
-What they told you: $ 197,922
-What the audit says: $1,089,909
Difference: $891,987
Impairment of goodwill
-What they told you: $0
-What the audit says: $1,024,358
Difference: $1,024,358
Net Cash used in operating activities
-What they told you: $385,869
-What the audit says: $1,385,001
Difference: $999,132
Rocky Mountain High Brands, Inc. (RMHB) Stock Research Links
Have a Totally Hemp CraZy day
Long and Strong - RMHB