How a failing 1 employee company survives LIABI
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(Total Views: 108)
Posted On: 11/22/2022 12:30:42 AM
How a failing 1 employee company survives
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities:
Accounts payable $ 80,958
Accounts payable, related party 4,824
Accrued compensation to officer 1,213,007
Accrued expenses 171,025
Accrued expenses, related party 142,413
Dividends payable, related party 22,038
Advances from related parties 620,432
Project financing obligation 260,000
Convertible notes payable 98,425
Convertible notes payable, related party 408,196
Notes Payable, net of discounts 200,000
Current liabilities held for disposal - -
Total current liabilities 3,221,318
Long Term Liabilities
Note payable 35,905
Total liabilities 3,257,223
The above cash borrowed doesn't include the 10 mil of shares handed out to convert debt.
Where does it all go??
Rob from Peter to pay yourself
in my humble opinion
cheers
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities:
Accounts payable $ 80,958
Accounts payable, related party 4,824
Accrued compensation to officer 1,213,007
Accrued expenses 171,025
Accrued expenses, related party 142,413
Dividends payable, related party 22,038
Advances from related parties 620,432
Project financing obligation 260,000
Convertible notes payable 98,425
Convertible notes payable, related party 408,196
Notes Payable, net of discounts 200,000
Current liabilities held for disposal - -
Total current liabilities 3,221,318
Long Term Liabilities
Note payable 35,905
Total liabilities 3,257,223
The above cash borrowed doesn't include the 10 mil of shares handed out to convert debt.
Where does it all go??
Rob from Peter to pay yourself
in my humble opinion
cheers
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