Zonkie - You be the judge. Here is the last financial statement filed with the SEC. I have taken the Assets listed there and combined them with pictures found at their web site. The questions I have are:
1. Do they really have $ 285,228.66 in finished inventory? Especially by the statement of their own accounting practices they only book inventory at the lesser of cost or market (and it apperars that they have a 90% gross margin)?
2. Do they really have $32,760.50 worth of those hideous birds in inventory? (Don't miss that picture.)
3. Do those pictures really represent $700,277.88 in equipment asset value?
4. Is that canoe really carried as part of their Office Furniture?
5. Is that lunch on the conference room table? (Note to self: No plant tours at lunch time.)
Current Assets
CASH IN BANK $ 955.15
CANADIAN BANK ACCOUNT 100.00
PETTY CASH 400.00
CASH IN BANK (32,866.78)
-BOTTLED/BAGGED 285,228.66
amazon-treasures.com
amazon-treasures.com
amazon-treasures.com
amazon-treasures.com
amazon-treasures.com
amazon-treasures.com
amazon-treasures.com
-RAW MATERIALS 40,290.47
amazon-treasures.com
amazon-treasures.com
-BIRDS 32,760.50
amazon-treasures.com
NOTES RECEIVABLE 60,943.41
PREPAID INSURANCE 10,413.66
-----------
Total Current Assets 398,225.07
Property and Equipment
OFFICE FURNITURE AND EQUIPMENT 98,067.64
ACCUM. DEP. FURNITURE/FIXTURE (6,721.83)
amazon-treasures.com
amazon-treasures.com
LABORATORY EQUIPMENT 40,454.06
amazon-treasures.com
amazon-treasures.com
amazon-treasures.com
amazon-treasures.com
ACCUM. DEP. LABORATORY EQUIP. (13,636.41)
CLEAN ROOM EQUIPMENT 193,593.10
ACCUM. DEP. CLEAN ROOM EQUIP. (34,104.59)
amazon-treasures.com
amazon-treasures.com
WAREHOUSE EQUIPMENT 121,599.65
ACCUM. DEP. WAREHOUSE EQUIP. (12,372.50)
COMPUTER EQUIPMENT 28,721.06
ACCUM. DEP. COMPUTER EQUIP. (2,485.67)
AUTOMOBILES 7,589.73
ACCUM. DEP. AUTOMOBILES (1,012.00)
PORTABLE CLEAN ROOMS 155,585.64
LOGOS, TRADEMARKS, ETC. 125,000.00
amazon-treasures.com
-----------
Total Property and Equipment 700,277.88
www4.edgar-online.com |
