ARCHER USA INC.
BALANCE SHEET
As of
unaudited
| October 31, 2015 | September 30, 2015 | August 31, 2015 | July 31, 2015 | June 30, 2015 | May 31, 2015 | April 30, 2015 | March 31, 2015 | February 28, 2015 | January 31, 2015 | |||||||||||||||||||||||||||||||
| Assets | ||||||||||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $ | 4,545,300 | $ | 4,907,429 | $ | 1,716,485 | $ | 2,152,886 | $ | 2,261,488 | $ | 1,999,516 | $ | 2,105,148 | $ | 2,199,193 | $ | 2,236,441 | $ | 2,466,025 | ||||||||||||||||||||
| Accounts Receivable, Net | 5,798 | 5,798 | 15,787 | (6,851 | ) | 1,649 | 460,134 | 444,007 | 439,110 | 442,854 | 452,091 | |||||||||||||||||||||||||||||
| Prepaid Expenses | 87,952 | 106,769 | 102,807 | 120,000 | 133,334 | 58,431 | 61,394 | 64,357 | 58,432 | 61,396 | ||||||||||||||||||||||||||||||
| Intercompany Receivable | 1,200,070 | 1,200,070 | 1,200,070 | 1,200,070 | 1,200,070 | 1,200,070 | 1,200,070 | 1,200,070 | 1,200,070 | 1,200,069 | ||||||||||||||||||||||||||||||
| Other Current Assets | 11,653 | 11,653 | 11,653 | 11,653 | 11,653 | 11,653 | 11,653 | 11,653 | 11,653 | 11,653 | ||||||||||||||||||||||||||||||
| Total Current Assets | 5,850,774 | 6,231,719 | 3,046,801 | 3,477,758 | 3,608,194 | 3,729,804 | 3,822,271 | 3,914,383 | 3,949,450 | 4,191,235 | ||||||||||||||||||||||||||||||
| Fixed Assets, Net | ||||||||||||||||||||||||||||||||||||||||
| Fixed Assets | 82,652 | 82,652 | 82,652 | 82,652 | 82,652 | 82,652 | 82,652 | 82,652 | 82,652 | 82,652 | ||||||||||||||||||||||||||||||
| Accumulated Depreciation | 82,652 | 82,652 | 82,652 | 82,652 | 82,652 | 82,652 | 82,652 | 82,652 | 82,652 | (82,652 | ) | |||||||||||||||||||||||||||||
| Total Fixed Assets, Net | (1 | ) | (1 | ) | (1 | ) | (1 | ) | (1 | ) | (1 | ) | (1 | ) | (1 | ) | 0 | – | ||||||||||||||||||||||
| Intangible Assets, Net | ||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | 2,128,199 | 2,128,199 | 2,128,199 | 2,128,199 | 2,128,199 | 2,128,199 | 2,128,199 | 2,128,199 | 2,128,199 | 2,128,199 | ||||||||||||||||||||||||||||||
| Amortization | 2,128,199 | 2,128,199 | 2,128,199 | 2,128,199 | 2,128,199 | 2,128,199 | 2,128,199 | 2,128,199 | 2,128,199 | (2,128,199 | ) | |||||||||||||||||||||||||||||
| Total Intangible Assets, Net | (0 | ) | (0 | ) | (0 | ) | (0 | ) | (0 | ) | (0 | ) | (0 | ) | (0 | ) | (0 | ) | – | |||||||||||||||||||||
| Total Assets | $ | 5,850,773 | $ | 6,231,718 | $ | 3,046,800 | $ | 3,608,193 | $ | 3,608,193 | $ | 3,729,803 | $ | 3,822,271 | $ | 3,914,383 | $ | 3,949,450 | $ | 4,191,235 | ||||||||||||||||||||
| Liabilities and Equity | ||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | $ | 2,996,080 | $ | 2,989,572 | $ | 3,129,881 | $ | 3,126,382 | $ | 3,136,661 | $ | 3,129,675 | $ | 3,160,809 | $ | 3,151,060 | $ | 3,138,468 | $ | 3,195,378 | ||||||||||||||||||||
| Accrued Liabilities | 2,944,061 | 2,882,072 | 3,702,028 | 3,637,477 | 3,589,955 | 3,545,631 | 3,517,211 | 3,453,563 | 3,402,382 | 3,398,218 | ||||||||||||||||||||||||||||||
| Deferred Revenue | 170,468 | 170,468 | 170,468 | 169,468 | 172,968 | 281,692 | 275,192 | 279,692 | 291,025 | 298,358 | ||||||||||||||||||||||||||||||
| Intercompany Payable | 25,681,399 | 25,681,399 | 21,332,249 | 21,332,249 | 21,332,249 | 21,332,249 | 21,332,249 | 21,273,185 | 21,177,172 | 21,177,172 | ||||||||||||||||||||||||||||||
| Note Payable - Current Portion | 412,531 | 402,932 | 393,333 | 824,609 | 815,010 | 805,411 | 795,812 | 786,213 | 776,614 | 767,015 | ||||||||||||||||||||||||||||||
| Total Current Liabilities | 32,204,539 | 32,126,443 | 28,727,959 | 29,090,185 | 29,046,844 | 29,094,658 | 29,081,273 | 28,943,713 | 28,785,661 | 28,836,141 | ||||||||||||||||||||||||||||||
| Stockholders Equity | ||||||||||||||||||||||||||||||||||||||||
| Additional Paid In Capital | 19,413,194 | 19,413,194 | 19,413,194 | 19,413,194 | 19,413,194 | 19,413,194 | 19,413,194 | 19,413,194 | 19,413,194 | 19,413,194 | ||||||||||||||||||||||||||||||
| Retained Earnings | (45,307,919 | ) | (45,094,352 | ) | (45,025,622 | ) | (44,851,844 | ) | (44,778,048 | ) | (44,672,196 | ) | (44,442,524 | ) | (44,249,304 | ) | (44,059,056 | ) | (43,861,471 | ) | ||||||||||||||||||||
| Net Income (Loss) | (459,041 | ) | (213,566 | ) | (68,731 | ) | (173,778 | ) | (73,796 | ) | (105,852 | ) | (229,673 | ) | (193,220 | ) | (190,349 | ) | (196,630 | ) | ||||||||||||||||||||
| Total Stockholders Equity | (26,353,766 | ) | (25,894,725 | ) | (25,681,159 | ) | (25,612,428 | ) | (25,438,650 | ) | (25,364,855 | ) | (25,259,003 | ) | (25,029,330 | ) | (24,836,212 | ) | (24,644,906 | ) | ||||||||||||||||||||
| Total Liabilities and Equity | $ | 5,850,773 | $ | 6,231,718 | $ | 3,046,800 | $ | 3,477,757 | $ | 3,608,193 | $ | 3,729,803 | $ | 3,822,271 | $ | 3,914,383 | $ | 3,949,450 | $ | 4,191,235 | ||||||||||||||||||||
| 1 |
ARCHER USA INC.
BALANCE SHEET
As of
unaudited
| December
31, 2014 | November
30, 2014 | October
31, 2014 | ||||||||||
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $ | 2,503,751 | $ | 2,691,823 | $ | 334,759 | ||||||
| Accounts Receivable, Net | 443,737 | 510,796 | 285,498 | |||||||||
| Prepaid Expenses | 64,359 | 58,435 | 58,491 | |||||||||
| Intercompany Receivable | 1,200,070 | 1,100,070 | 110,070 | |||||||||
| Other Current Assets | 11,653 | 11,653 | 18,955 | |||||||||
| Total Current Assets | 4,223,570 | 4,372,777 | 1,797,773 | |||||||||
| Fixed Assets, Net | ||||||||||||
| Fixed Assets | 82,652 | 82,652 | 82,652 | |||||||||
| Accumulated Depreciation | (82,652 | ) | (82,652 | ) | (82,652 | ) | ||||||
| Total Fixed Assets, Net | – | – | – | |||||||||
| Intangible Assets, Net | ||||||||||||
| Intangible Assets | 2,128,199 | 2,128,199 | 5,004,100 | |||||||||
| Amortization | (2,171,043 | ) | (2,144,811 | ) | (2,118,579 | ) | ||||||
| Total Intangible Assets, Net | (42,844 | ) | (16,612 | ) | 2,885,521 | |||||||
| Total Assets | $ | 4,180,726 | $ | 4,356,165 | $ | 4,683,294 | ||||||
| Liabilities and Equity | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $ | 3,236,810 | $ | 3,236,965 | $ | 3,068,651 | ||||||
| Accrued Liabilities | 3,363,131 | 3,155,748 | 3,053,228 | |||||||||
| Deferred Revenue | 294,191 | 301,692 | 348,205 | |||||||||
| Intercompany Payable | 21,020,297 | 21,020,297 | 21,020,297 | |||||||||
| Note Payable - Current Portion | 757,416 | 747,817 | 738,218 | |||||||||
| Total Current Liabilities | 28,671,846 | 28,462,519 | 28,228,600 | |||||||||
| Stockholders Equity | ||||||||||||
| Additional Paid In Capital | 19,413,194 | 19,413,194 | 19,413,194 | |||||||||
| Retained Earnings | (43,554,434 | ) | (42,960,391 | ) | (42,521,277 | ) | ||||||
| Net Income (Loss) | (349,880 | ) | (559,156 | ) | (437,223 | ) | ||||||
| Total Stockholders Equity | (24,491,120 | ) | (24,106,354 | ) | (23,545,306 | ) | ||||||
| Total Liabilities and Equity | $ | 4,180,726 | $ | 4,356,165 | $ | 4,683,294 | ||||||
| 2 |
ARCHER USA INC.
STATEMENT OF OPERATIONS
As of
unaudited
| October 31, 2015 | September 30, 2015 | August 31, 2015 | July 31, 2015 | June 30, 2015 | May 31, 2015 | April 30, 2015 | March 31, 2015 | February 28, 2015 | January 31, 2015 | |||||||||||||||||||||||||||||||
| Revenue | ||||||||||||||||||||||||||||||||||||||||
| Revenue - Sales | $ | – | $ | – | $ | – | $ | – | $ | – | $ | 1,370 | $ | 1,366 | $ | 1,225 | $ | 1,302 | $ | 1,098 | ||||||||||||||||||||
| Revenue - Services | 0 | 0 | 1,500 | 5,000 | 4,500 | 6,451 | 3,237 | 13,094 | 12,082 | 17,333 | ||||||||||||||||||||||||||||||
| Revenue - Other | 0 | (9,989 | ) | 4,500 | 1,500 | 4,000 | 2,807 | 4,793 | 4,787 | 10,305 | 312 | |||||||||||||||||||||||||||||
| Sales Returns and Discounts | 0 | (11,814 | ) | 525 | 525 | 525 | 2,839 | 9,509 | 4,558 | 3,149 | (1,056 | ) | ||||||||||||||||||||||||||||
| Total Revenue | 0 | 1,826 | 5,475 | 5,975 | 7,975 | 7,789 | (113 | ) | 14,548 | 20,540 | 17,687 | |||||||||||||||||||||||||||||
| Cost of Revenue | ||||||||||||||||||||||||||||||||||||||||
| Cost of Sales Revenue | 0 | 0 | 1,028 | 17 | 0 | (21,137 | ) | 34,831 | (22,611 | ) | 8,608 | (32,972 | ) | |||||||||||||||||||||||||||
| Cost of Goods Sold | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,000 | 2,000 | 2,000 | ||||||||||||||||||||||||||||||
| Cost of Other Revenue | 0 | 0 | 0 | 4,000 | 1,500 | 1,500 | 6,667 | 17,167 | 3,775 | 14,167 | ||||||||||||||||||||||||||||||
| Total Cost of Revenue | 0 | 0 | 1,028 | 4,017 | 1,500 | (19,637 | ) | 41,497 | (1,445 | ) | 14,383 | (16,806 | ) | |||||||||||||||||||||||||||
| Gross Profit | 0 | 1,826 | 4,447 | 1,958 | 6,475 | 27,426 | (41,610 | ) | 15,993 | 6,157 | 34,493 | |||||||||||||||||||||||||||||
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| General and Administrative Expenses | 396,058 | 44,644 | 73,916 | 71,263 | 75,386 | 36,529 | 80,551 | 84,084 | 92,033 | 108,199 | ||||||||||||||||||||||||||||||
| Marketing and Advertising Expenses | 483 | 483 | 483 | 632 | 799 | 1,074 | 1,399 | 1,695 | 858 | 2,660 | ||||||||||||||||||||||||||||||
| Depreciation and Amortization Expenses | 0 | – | – | |||||||||||||||||||||||||||||||||||||
| Payroll and Related Expenses | 32,870 | 61,704 | 60,075 | 74,726 | 74,220 | 81,959 | 80,796 | 73,222 | 75,344 | 94,837 | ||||||||||||||||||||||||||||||
| Utilities and Facilities | 0 | 198 | 198 | 2,852 | 2,654 | 2,852 | 2,852 | 2,853 | 2,857 | 2,858 | ||||||||||||||||||||||||||||||
| Operating and Maintenance Expenses | 854 | 98,399 | (89,297 | ) | 10,111 | (109,533 | ) | 565 | 702 | 25,890 | 3,745 | 1,082 | ||||||||||||||||||||||||||||
| Taxes and Insurance | 18,839 | 0 | 17,194 | 5,797 | 26,667 | 0 | 11,397 | 11,397 | 11,397 | 11,407 | ||||||||||||||||||||||||||||||
| Total Operating Expenses | 449,103 | 205,427 | 62,569 | 165,381 | 70,193 | 122,979 | 177,698 | 199,141 | 186,233 | 221,042 | ||||||||||||||||||||||||||||||
| Other Income (Expense) | ||||||||||||||||||||||||||||||||||||||||
| Interest Income | 40 | 29 | 15 | 16 | 16 | 17 | 17 | 18 | 17 | 20 | ||||||||||||||||||||||||||||||
| Other Income | (380 | ) | (395 | ) | (1,025 | ) | (772 | ) | (495 | ) | (717 | ) | (782 | ) | (490 | ) | (690 | ) | (502 | ) | ||||||||||||||||||||
| Interest Expenses | (9,599 | ) | (9,599 | ) | (9,599 | ) | (9,599 | ) | (9,599 | ) | (9,599 | ) | (9,599 | ) | (9,599 | ) | (9,599 | ) | (9,599 | ) | ||||||||||||||||||||
| Other Expense | – | – | ||||||||||||||||||||||||||||||||||||||
| Total Other Income (Expense) | (9,938 | ) | (9,965 | ) | (10,609 | ) | (10,355 | ) | (10,078 | ) | (10,299 | ) | (10,365 | ) | (10,071 | ) | (10,272 | ) | (10,080 | ) | ||||||||||||||||||||
| Net Income (Loss) | $ | (459,041 | ) | $ | (213,566 | ) | $ | (68,731 | ) | $ | (173,778 | ) | $ | (73,796 | ) | $ | (105,852 | ) | $ | (229,673 | ) | $ | (193,220 | ) | $ | (190,349 | ) | $ | (196,630 | ) | ||||||||||
| 3 |
ARCHER USA INC.
STATEMENT OF OPERATIONS
As of
unaudited
| December
31, 2014 | November
30, 2014 | October
31, 2014 | ||||||||||
| Revenue | ||||||||||||
| Revenue - Sales | $ | 873 | $ | 835 | $ | 168,185 | ||||||
| Revenue - Services | 24,270 | 418,236 | 159,405 | |||||||||
| Revenue - Other | 221 | 16,702 | 88,495 | |||||||||
| Sales Returns and Discounts | (197 | ) | (2,353 | ) | (4,138 | ) | ||||||
| Total Revenue | 25,167 | 433,420 | 411,947 | |||||||||
| Cost of Revenue | ||||||||||||
| Cost of Sales Revenue | 82,203 | 127,660 | 114,356 | |||||||||
| Cost of Goods Sold | (32,965 | ) | 2,000 | (35,452 | ) | |||||||
| Cost of Other Revenue | 12,054 | 12,054 | 52,861 | |||||||||
| Total Cost of Revenue | 58,787 | 141,714 | 131,764 | |||||||||
| Gross Profit | (33,620 | ) | 291,706 | 280,182 | ||||||||
| Operating Expenses | ||||||||||||
| General and Administrative Expenses | 132,299 | 197,194 | 257,294 | |||||||||
| Marketing and Advertising Expenses | 2,711 | 5,198 | 7,947 | |||||||||
| Depreciation and Amortization Expenses | 26,232 | 26,232 | 32,441 | |||||||||
| Payroll and Related Expenses | 138,921 | 164,995 | 248,703 | |||||||||
| Utilities and Facilities | 1,909 | 11,856 | 11,699 | |||||||||
| Operating and Maintenance Expenses | (4,384 | ) | 449,933 | 122,876 | ||||||||
| Taxes and Insurance | 11,397 | 19,196 | 21,566 | |||||||||
| Total Operating Expenses | 309,084 | 874,604 | 702,526 | |||||||||
| Other Income (Expense) | ||||||||||||
| Interest Income | 21 | 13 | 0 | |||||||||
| Other Income | (610 | ) | (1,558 | ) | (3,434 | ) | ||||||
| Interest Expenses | (9,599 | ) | (9,599 | ) | (14,295 | ) | ||||||
| Other Expense | 3,012 | 0 | 0 | |||||||||
| Total Other Income (Expense) | (7,176 | ) | (11,144 | ) | (17,729 | ) | ||||||
| Net Income (Loss) | $ | (349,880 | ) | $ | (594,042 | ) | $ | (440,072 | ) | |||
| 4 |
ARCHER USA INC.
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
As of
unaudited
| October 31, 2015 | ||||
| Beginning Cash | $ | 1,716,485 | ||
| Transfer in from other estate bank accounts | 1,200,000 | |||
| Cash receipts deposited to this account | 4,383,182 | |||
| Financing or other loaned funds | 0 | |||
| Total cash available this month | 7,299,666 | |||
| Transfers out to other estate bank accounts | (1,200,000 | ) | ||
| Cash disbursements from this account | (1,192,238 | ) | ||
| Adjustments | 0 | |||
| Ending cash balance | $ | 4,907,429 | ||
| 5 |
LENCO MOBILE, INC.
BALANCE SHEET
As of
unaudited
| October 31, 2015 | September 30, 2015 | August 31, 2015 | July 31, 2015 | June 30, 2015 | May 31, 2015 | April 30, 2015 | March 31, 2015 | February 28, 2015 | January 31, 2015 | |||||||||||||||||||||||||||||||
| Assets | ||||||||||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||||||||||
| Intercompany Receivable | $ | 23,850,466 | $ | 23,850,466 | $ | 19,501,316 | $ | 19,501,316 | $ | 19,501,316 | $ | 19,501,316 | $ | 19,501,316 | $ | 19,501,316 | $ | 19,501,316 | $ | 19,501,316 | ||||||||||||||||||||
| Total Current Assets | 23,850,466 | 23,850,466 | 19,501,316 | 19,501,316 | 19,501,316 | 19,501,316 | 19,501,316 | 19,501,316 | 19,501,316 | 19,501,316 | ||||||||||||||||||||||||||||||
| Fixed Assets, Net | ||||||||||||||||||||||||||||||||||||||||
| Fixed Assets | 93,568 | 93,568 | 93,568 | 93,568 | 93,568 | 93,568 | 93,568 | 93,568 | 93,568 | 93,568 | ||||||||||||||||||||||||||||||
| Accumulated Depreciation | 93,568 | 93,568 | 93,568 | 93,568 | 93,568 | 93,568 | 93,568 | 93,568 | 93,568 | (93,568 | ) | |||||||||||||||||||||||||||||
| Total Fixed Assets, Net | (0 | ) | (0 | ) | (0 | ) | (0 | ) | (0 | ) | (0 | ) | (0 | ) | (0 | ) | (0 | ) | – | |||||||||||||||||||||
| Intangible Assets, Net | ||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | 17,386,597 | 17,386,597 | 21,735,747 | 21,735,747 | 21,735,747 | 21,735,747 | 21,735,747 | 21,735,747 | 21,735,747 | 21,735,747 | ||||||||||||||||||||||||||||||
| Amortization | 419,048 | 419,048 | 419,048 | 419,048 | 419,048 | 419,048 | 419,048 | 419,048 | 419,048 | (419,048 | ) | |||||||||||||||||||||||||||||
| Total Intangible Assets, Net | 16,967,549 | 16,967,549 | 21,316,699 | 21,316,699 | 21,316,699 | 21,316,699 | 21,316,699 | 21,316,699 | 21,316,699 | 21,316,699 | ||||||||||||||||||||||||||||||
| Total Assets | $ | 40,818,015 | $ | 40,818,015 | $ | 40,818,015 | $ | 40,818,015 | $ | 40,818,015 | $ | 40,818,015 | $ | 40,818,015 | $ | 40,818,015 | $ | 40,818,015 | $ | 40,818,015 | ||||||||||||||||||||
| Liabilities and Equity | ||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||||
| Accrued Liabilities | $ | 4,031,681 | $ | 4,031,681 | $ | 4,031,681 | $ | 4,031,681 | $ | 4,031,681 | $ | 4,031,681 | $ | 4,031,681 | $ | 4,031,681 | $ | 4,031,681 | $ | 4,031,681 | ||||||||||||||||||||
| Accrued Taxes | (0 | ) | (0 | ) | (0 | ) | (0 | ) | (0 | ) | (0 | ) | (0 | ) | (0 | ) | (0 | ) | – | |||||||||||||||||||||
| Dividend Payable | 8,070,990 | 7,905,517 | 7,740,044 | 7,574,571 | 7,409,098 | 7,243,625 | 7,072,637 | 6,907,164 | 6,738,146 | 6,585,484 | ||||||||||||||||||||||||||||||
| Intercompany Payable | 667,699 | 667,699 | 667,699 | 667,699 | 667,699 | 667,699 | 667,699 | 667,699 | 667,699 | 667,699 | ||||||||||||||||||||||||||||||
| Note Payable - Current Portion | 18,047,297 | 17,957,452 | 17,867,608 | 17,777,763 | 17,687,918 | 17,598,074 | 17,507,280 | 17,417,494 | 17,326,758 | 17,238,985 | ||||||||||||||||||||||||||||||
| Total Current Liabilities | 30,817,667 | 30,562,349 | 30,307,031 | 30,051,714 | 29,796,396 | 29,541,078 | 29,279,297 | 29,024,038 | 28,764,284 | 28,523,848 | ||||||||||||||||||||||||||||||
| Stockholders Equity | ||||||||||||||||||||||||||||||||||||||||
| Preferred Stock | 348 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | ||||||||||||||||||||||||||||||
| Common Stock | (218,111 | ) | (218,111 | ) | (218,111 | ) | (218,111 | ) | (218,111 | ) | (218,111 | ) | (218,111 | ) | (218,111 | ) | (218,111 | ) | (218,111 | ) | ||||||||||||||||||||
| Additional Paid In Capital | 96,662,223 | 96,540,390 | 96,418,557 | 96,296,724 | 96,174,891 | 96,053,058 | 95,931,225 | 95,809,392 | 95,687,559 | 95,565,726 | ||||||||||||||||||||||||||||||
| Retained Earnings | (86,232,434 | ) | (85,855,283 | ) | (85,478,132 | ) | (85,100,982 | ) | (84,723,831 | ) | (84,345,732 | ) | (83,963,124 | ) | (83,585,083 | ) | (83,206,458 | ) | (82,845,284 | ) | ||||||||||||||||||||
| Net Income (Loss) | (211,678 | ) | (211,678 | ) | (211,678 | ) | (211,678 | ) | (211,678 | ) | (212,626 | ) | (211,620 | ) | (212,568 | ) | (209,607 | ) | (208,512 | ) | ||||||||||||||||||||
| Total Stockholders Equity | 10,000,348 | 10,255,666 | 10,510,983 | 10,766,301 | 11,021,619 | 11,276,936 | 11,538,718 | 11,793,977 | 12,053,731 | 12,294,166 | ||||||||||||||||||||||||||||||
| Total Liabilities and Equity | $ | 40,818,015 | $ | 40,818,015 | $ | 40,818,015 | $ | 40,818,015 | $ | 40,818,015 | $ | 40,818,015 | $ | 40,818,015 | $ | 40,818,015 | $ | 40,818,015 | $ | 40,818,015 | ||||||||||||||||||||
| 6 |
LENCO MOBILE, INC.
BALANCE SHEET
As of
unaudited
| December
31, 2014 | November
30, 2014 | October
31, 2014 | ||||||||||
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Intercompany Receivable | $ | 19,501,316 | $ | 19,501,316 | $ | 19,501,316 | ||||||
| Total Current Assets | 19,501,316 | 19,501,316 | 19,501,316 | |||||||||
| Fixed Assets, Net | ||||||||||||
| Fixed Assets | 93,568 | 93,568 | 93,568 | |||||||||
| Accumulated Depreciation | (93,568 | ) | (93,568 | ) | (93,568 | ) | ||||||
| Total Fixed Assets, Net | – | – | – | |||||||||
| Intangible Assets, Net | ||||||||||||
| Intangible Assets | 21,735,747 | 21,735,747 | 21,735,747 | |||||||||
| Amortization | (419,048 | ) | (419,048 | ) | (419,048 | ) | ||||||
| Total Intangible Assets, Net | 21,316,699 | 21,316,699 | 21,316,699 | |||||||||
| Total Assets | $ | 40,818,015 | $ | 40,818,015 | $ | 40,818,015 | ||||||
| Liabilities and Equity | ||||||||||||
| Current Liabilities | ||||||||||||
| Accrued Liabilities | $ | 4,031,681 | $ | 4,031,681 | $ | 4,031,681 | ||||||
| Accrued Taxes | 4,000 | 4,000 | 4,000 | |||||||||
| Dividend Payable | 6,416,466 | 6,249,431 | 6,087,784 | |||||||||
| Intercompany Payable | 667,699 | 613,699 | 613,669 | |||||||||
| Note Payable - Current Portion | 17,148,306 | 17,158,661 | 17,069,016 | |||||||||
| Total Current Liabilities | 28,268,152 | 28,057,472 | 27,806,180 | |||||||||
| Stockholders Equity | ||||||||||||
| Preferred Stock | 348 | 348 | 348 | |||||||||
| Common Stock | (218,111 | ) | (218,111 | ) | (218,111 | ) | ||||||
| Additional Paid In Capital | 95,443,893 | 95,322,060 | 95,200,227 | |||||||||
| Retained Earnings | (82,510,788 | ) | (82,132,275 | ) | (80,756,200 | ) | ||||||
| Net Income (Loss) | (165,478 | ) | (211,478 | ) | (1,214,428 | ) | ||||||
| Total Stockholders Equity | 12,549,863 | 12,760,543 | 13,011,835 | |||||||||
| Total Liabilities and Equity | $ | 40,818,015 | $ | 40,818,015 | $ | 40,818,015 | ||||||
| 7 |
LENCO MOBILE, INC.
STATEMENT OF OPERATIONS
As of
unaudited
| October 31, 2015 | September 30, 2015 | August 31, 2015 | July 31, 2015 | June 30, 2015 | May 31, 2015 | April 30, 2015 | March 31, 2015 | February 28, 2015 | |||||||||||||||||||
| Operating Expenses | |||||||||||||||||||||||||||
| Payroll and Related Expenses - Stock Option (non-cash) | $ | 121,833 | $ | 121,833 | $ | 121,833 | $ | 121,833 | $ | 121,833 | $ | 121,833 | $ | 121,833 | $ | 121,833 | $ | 121,833 | |||||||||
| Total Operating Expenses | 121,833 | 121,833 | 121,833 | 121,833 | 121,833 | 121,833 | 121,833 | 121,833 | 121,833 | ||||||||||||||||||
| Other Income (Expense) | |||||||||||||||||||||||||||
| Interest Expenses | (89,845 | ) | (89,845 | ) | (89,845 | ) | (89,845 | ) | (89,845 | ) | (90,793 | ) | (89,787 | ) | (90,735 | ) | (87,774 | ) | |||||||||
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||
| Total Other Income (Expense) | (89,845 | ) | (89,845 | ) | (89,845 | ) | (89,845 | ) | (89,845 | ) | (90,793 | ) | (89,787 | ) | (90,735 | ) | (87,774 | ) | |||||||||
| Net Income (Loss) | $ | (211,678 | ) | $ | (211,678 | ) | $ | (211,678 | ) | $ | (211,678 | ) | $ | (211,678 | ) | $ | (212,626 | ) | $ | (211,620 | ) | $ | (212,568 | ) | $ | (209,607 | ) |
| 8 |
LENCO MOBILE, INC.
STATEMENT OF OPERATIONS
As of
unaudited
| December 31, 2014 | November 30, 2014 | October 31, 2014 | |||||||
| Operating Expenses | |||||||||
| Payroll and Related Expenses - Stock Option (non-cash) | $ | 121,833 | $ | 121,833 | $ | 121,833 | |||
| Total Operating Expenses | 121,833 | 121,833 | 121,833 | ||||||
| Other Income (Expense) | |||||||||
| Interest Expenses | (43,645 | ) | (89,645 | ) | (1,092,595 | ) | |||
| Other Income | 0 | 0 | 0 | ||||||
| Total Other Income (Expense) | (43,645 | ) | (89,645 | ) | (1,092,595 | ) | |||
| Net Income (Loss) | $ | (165,478 | ) | $ | (211,478 | ) | $ | (1,214,428 | ) |