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Microcap & Penny Stocks : APPI - Advanced Plant Pharmaceuticals Inc. -- Ignore unavailable to you. Want to Upgrade?

To: SCOOBEY-DO who wrote (1241)	6/18/2002 7:14:59 PM
From: SCOOBEY-DO	Respond to of 1263

APPI filed their March 31, 2002 10-Q today, little over a month late. Their cash flow looks interesting in that $260M was Amortization Exp. and $370M was for services paid with stock. It looks like they paid off $212M in debt without generating more debt. The following is their cash flow for the quarter: ADVANCED PLANT PHARMACEUTICALS, INC. ------------------------------------ STATEMENTS OF CASH FLOWS ------------------------ FOR THE THREE MONTHS ENDED MARCH 31, 2002 AND 2001 -------------------------------------------------- (UNAUDITED) ----------- 2001 2001 --------------- ------------- Cash Flows from Operating Activities: Net Loss from operations $ (436,818) $ (173,787) Adjustments to reconcile net loss from operations to net cash used by operating activities: Depreciation and amortization expense 259,799 242 Inventory Adjustment 891 Services paid with common stock 370,200 - Decrease in Accounts Receivable 1,454 - (Decrease) Increase in accounts payable 4,460 11,769 Increase in accrued expenses 4,885 119,876 Net cash used by operations 204,871 (41,900) --------------- ------------- Cash Flows from Investing Activities: Purchase of computer equipment - - Net cash used by investing activities - - --------------- ------------- Cash Flows from Financing Activities: Proceeds from short-term loans payable 0 41,900 Repayments on short-term loans payable (212,000) - Net cash provided by financing activities (212,000) 41,900 --------------- ------------- Net increase in Cash and cash equivalents (7,129) - Cash and cash equivalents at beginning of period 7,316 - Cash and cash equivalents at end of period $ 187 $ - =============== =============