Here Doc this one's for you!
ALYA INTERNATIONAL
INTERIM ONSOLIDATED BALANCE SHEET (UNAUDITED)
MARCH 31, 1998
(EXPRESSED IN U.S. DOLLARS)
March 31 September
1998 1997
ASSETS
Current Assets
Cash $ (107,537) 6, 802
Accounts Receivable 90,183 97,015
Inventories 11,910 12,250
Prepaid expenses and other assets 16,652 23,146
________ _______
11,208 139,213
Capital assets 72,930 112,782
Totals 84,138 251,995
LIABILITIES
Current Liabilities
Accounts payable 268, 877 514,261
Operating Line of Credit 21,000 21,600
Other Short Term Debt 44,305
Convertible debt 72,000
Due to related parties 11,633 71,691
_________ _________
Totals 301,510 723,857
SHAREHOLDERS' DEFICIENCY
Common shares 1,152 1,084
Preferred Shares 40
Additional paid in capital 3,629,188 2,715,875
Stock Options 25,000 317,500
Shareholder subscription receivable (292,038) (90,000)
Warrants 18,854 25,000
Accumulated deficit (3,609,113) (3,450,866)
Cumulative translation adjustment 9,545 9,545
Sub-totals (217,372) (471,862)
___________ ___________
Totals Liabilities & Capital $ 84,138 251,995
Balance common shares 3/31/98 11,513,282
(does not include: 145,000 warrants
1,250,00 options)
Notes to the financial statement consider the terms of issue as anti-dilutive.
Note: Prepaid assets include employee advances of $9,500 and goods and services tax receivables of $7,739.
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Generated at 07:01:52 EDT on June 19, 1998
From the intro to this thread:
" ALYA is the ONLY company that offers a fully LonWorks compliant system for security and building access.
LonWorks is an intelligent communications system for control networks. It is becoming the standard in building automation and was developed by Echelon and funded by Motorola (who funded $100,000,000 and owns 20% of Echelon), Toshiba and the Quantum Fund.
The company has a 2 year and $3,000,000 head start in this industry."
Reads a little different when separated in the main body. Where's the
$3 million? Certinly not on the balance sheet in any form. How much and in what form is the new PR firm be recompensed?
BTW could you have picked a better place than the burgeoning economy of SLOVAKIA to announce your first major contract for this leading edge technology that's at least two years ahead of the competition. If the public were not so gullible this thread would be a joke. Waiting for you all to join the ranks of SEXI, RMIL, MTCI hypesters. |
