MERGENT OTC UNLISTED. Tuesday, July 15, Volume 30 No. 7 NEWS REPORTS

Transcription

1 MERGENT OTC UNLISTED NEWS REPORTS Tuesday, July 15, Volume 30 No. 7 NAME CHANGES (For details on individual listings, see the News Section of this issue) Cetek Technologies, Inc. (to High Velocity Enterprises Inc) Committed Capital Acquisition Corp. (to One Group Hospitality Inc (The)) Macco International Corp (to Success Holdings Group International Inc) Planktos Merger Co (to Solar Gold Ltd) Quinpario Acquisition Corp (to Jason Industries, Inc) Top To Bottom Pressure Washing Inc (to IBEX Advanced Mortgage Technology Inc) 3D PIONEER SYSTEMS INC Earnings, 9 mos. to Apr 30(Consol. $): Cost & expenses ,667 41,798 Operating income (344,667) (41,798) Interest expense , Foreign currency (2,183) Net income (377,324) (41,798) Primary $ $(0.00) Fully Diluted $ $(0.00) Full Diluted ,306,033 47,618,816 Year-end ,536,256 76,032,000 ACME COMMUNICATIONS INC Consolidated Income Statement, Years Ended Dec. 31 ($000): Net revenues ,635 12,907 Cost of service - programming, including program amortization ,186 6,450 7,230 Other cost of service , ,077 Selling, general & expenses (5) 3,616 3,359 Litigation reserve reversal (496) Depreciation & amortization Loss (gain) on disposal of assets (23) Corporate expenses ,096 1,478 expenses ,795 13,792 13,424 Operating income (loss) (1,175) (157) (517) Gain (loss) on sale of assets ,065 3, Interest income (expense), net (59) 89 operations, before income taxes (109) 2, continuing operations before income taxes (428) Federal income taxes (benefit) - NOTICE Items in this issue will be listed online weekly and printed monthly. current (1,125) State income taxes (benefit) - current.... (391) 60 (104) Total current income taxes (benefit) (391) 60 (1,229) Federal income taxes (benefit) - deferred (1,805) 644 State income taxes (benefit) - deferred (225) 80 Total deferred income taxes (benefit) (2,030) 724 Income tax expense (benefit) (391) (1,970) (505) continuing operations operations before income taxes ,285 Income tax (expense) benefit on operations (988) Total income (loss) from operations , ,867 12,374 - basic ,047 16,047 16,047 - diluted ,047 16,047 16,826 outstanding ,047 16,047 16,047 Net earnings (loss) per share-continuing operations-basic $0.00 Net earnings (loss) per share- operations-basic..... $0.02 $0.30 $0.77 Net earnings (loss) per share-basic $0.02 $0.30 $0.77 Net earnings (loss) per share- operations-diluted.... $0.02 $ Net earnings (loss) per share-diluted..... $0.02 $0.30 $ On a operation basis; 2 Restated to reflect KPLR, KWBP, KUWB, WTVK, WBUI, WBXX, WBDT, WCWF Stations and The Daily Buzz pursuant to the approved plan of liquidation as operations; 3 Excluding depreciation and amortization - Other costs of service: $502,000; 4 Excluding depreciation and amortization of: $753,000 Consolidated Balance Sheet, Years Ended Dec. 31 ($000): 1 Cash & cash equivalents Restricted cash ,290 Accounts receivable, gross ,365 Less: allowance for doubtful accounts Accounts receivable, net ,063 Prepaid expenses & other current assets Total current assets ,444 net Other assets Total assets ,647 Accounts payable Accrued liabilities ,092 Income taxes payable Total current liabilities ,668 Other liabilities, net of current portion Total liabilities ,708 Common stock capital , ,011 (accumulated deficit) (128,037) (126,233) equity ,939 1 On a operation basis ACTIVE HEALTH FOODS, INC. Stock Trading Symbol On NBB, AHFD. ADAMIS PHARMACEUTICALS CORP. Consolidated Income Statement, Years Ended Mar. 31 ($): Selling, general & expenses ,389,055 2,008,255 2,649,234 Research & development ,006,431 1,209,318 2,165,968 operations (4,395,486) (3,217,573) (4,815,202) Interest expense ,626,162 2,333,982 35,390 Gain on extinguishment of debt , Gain on sale of asset ,297 Change in fair value of derivative liabilities ,844 (122,945)... Change in fair value of conversion feature liability ,985,007 (1,390,292)... Change in fair value of warrant liability , (expense) (3,760,394) (3,847,219) (30,093) continuing operations (8,155,880) (7,064,792) (4,845,295) Write-down of operations receivable (130,000) (70,000) from operations (130,000) (70,000)

2 972 MERGENT OTC UNLISTED NEWS July 15,.... (8,155,880) (7,194,792) (4,915,295) - basic ,346, ,858,797 5,263,396 - diluted ,493, ,858,797 5,263,396 outstanding ,501, ,143,094 5,643,163 Earnings (loss) per share from continuing operations - basic.... $(1.11) 3 $(1.21) $(1.02) Earnings (loss) per share - operations - basic $(0.02)... Net earnings (loss) per share - basic..... $(1.11) 3 $(1.23) $(1.02) Earnings (loss) per share from continuing operations - diluted $(1.22) 3 $(1.21) $(1.02) Earnings (loss) per share - operations - diluted $(0.02)... Net earnings (loss) per share - diluted.... $(1.22) 3 $(1.23) $(1.02) Number of part time Reclassified to conform with presentation; 2 Reclassified to conform with presentation; 3 Adjusted for 1-for-17 reverse stock split, December 13, ; 4 Shares increased due to the effect of issuance of common stock; 5 As of May 31, ; 6 As of June 28, ; 7 As of June 29, 2012; 8 Approximately; 9 As of June 17, ; 10 As of June 13, 2012 Consolidated Balance Sheet, Years Ended Mar. 31 ($): 1 Cash ,403, Prepaid insurance ,985 4,000 Prepaid rent ,827 10,827 Prepaid consulting fees ,333 Other current assets ,187 Debt issuance cost ,582 Total current assets ,417, ,929 Intangible assets, net ,611, Equipment , depreciation , Equipment, net , Total assets ,121, ,929 Accounts payable ,018 2,431,919 Accrued other expenses , ,709 Accrued bonuses , ,436 Conversion feature derivative, at fair value ,456 Down-round protection derivative, at fair value ,545 Warrant at fair value ,019, Warrant down-round protection derivative, at fair value , Convertible notes payable, net , ,997 Other notes payable ,653 97,683 Notes payable to related party ,122 Total liabilities ,933,827 4,678,867 Common stock , capital ,324,941 33,653,770 (accumulated deficit) (46,133,004) (37,977,124) Treasury stock, at cost ,229 5,229 equity (deficit) ,187,789 (4,327,938) 1 Reclassified to conform with presentation ADAMIS PHARMACEUTICALS CORP. of the Independent Auditors, Mayer Hoffman McCann P.C., as it appeared in Co. s 10-K: "In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Adamis Pharmaceuticals Corporation and Subsidiaries as of March 31, and, and the results of their operations and their cash flows for each of the two years in the period ended March 31,, in conformity with accounting principles generally accepted in the United States of America. The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 2 to the consolidated financial statements, the Company has incurred recurring losses from operations and has limited working capital to pursue its business alternatives. Management s plans with regard to these matters are also described in Note 2. These conditions raise substantial doubt about the Company s ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties." ADVANCED MEDICAL ISOTOPE CORP Interest Sale Completed On July 7,, Battelle acquired approximately 11% of Co. s outstanding common stock. Terms of the transaction were not disclosed. AFFINITY MEDIAWORKS CORP. Earnings, 3 mos. to Apr 30(Consol. $): Cost & expenses ,038 5,520 Operating income (8,038) (5,520) Interest expense Net income (8,373) (5,886) Primary $ $(46.50) Fully Diluted $ $(46.50) Full Diluted ,611, Year-end ,705, Consolidated Balance Sheet Items, as of ($): Assets: Cash & equivalents Current assets Total assets Current liabilities ,972 Stockholders equity (29,692) Net current assets (29,692) AGFEED INDUSTRIES INC Bankruptcy Proceedings On July 9,, Co. filed with the U.S. Bankruptcy Court a motion for entry of an order (i) enforcing the sale order in connection with the AgFeed Industries stock sale, (II) directing U.S. Bank National Association, as escrow agent, to release the escrowed funds which represent the unpaid closing payment to Agfeed Industries and (ii) granting related relief. The motion explains, "Subsequent to the Closing, the Purchaser (Good Charm International Development) and Ningbo Tech-Bank Co. (NTB) submitted a calculation of the post-closing Adjustment that indicated that the Purchaser was entitled to a post-closing Adjustment in excess of $2,000,000. In accordance with the Sales Purchase Agreement (SPA), AgFeed Industries submitted a timely objection to the post-closing Adjustment indicating that the postclosing adjustment proposed by the Purchaser and NTB was not calculated in accordance with the methodology mandated by the SPA for calculation of the post-closing adjustment and that calculation of the post-closing adjustment in accordance with the required methodology would not yield an amount that would entitle the Purchaser to payment of a post-closing adjustment. Despite efforts to resolve the matter, the parties have been unable to reach a final resolution. At this time, AgFeed Industries has met all of its obligations under the terms of the SPA and Escrow Agreement for resolving the dispute concerning the Closing Payment, and therefore, is entitled to receipt of the Escrowed Funds which represents the remaining unpaid closing payment. Therefore, AgFeed Industries files this motion seeking an order enforcing the Stock Sale Order and directing the escrow agent to immediately release the Escrowed Funds to AgFeed Industries." ALPHALA CORP Consolidated Income Statement, Years Ended Jan. 31 ($): 1 Revenues ,475 expenses , expenses , from operations (30,644) 1,760 (Provision) credit for corporate income taxes (352) (30,292) 1,408 shares outstanding - basic ,800, ,240,000 shares outstanding - diluted ,800, ,240,000 outstanding ,800, ,800,000 per share - basic $0.00 $0.00 per share - diluted $0.00 $ From inception (February 9, 2012); 2 As of May 16, Consolidated Balance Sheet, Years Ended Jan. 31 ($): Cash ,919 31,560 Prepaid expenses , Income taxes receivable Total current assets ,516 31,560 Total assets ,516 31,560 Loan from shareholder Income taxes payable Total current liabilities Total liabilities Common stock , ,800 Additional paid-in-capital (215,400) (221,200) (accumulated deficit) (28,884) 1,408 equity ,516 31,008 ALPHALA CORP of the Independent Auditors, Cutler & Co., LLC, as it appeared in Co. s 10-K: present fairly, in all material respects, the financial position of Alphala Corp. as of January 31,, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. that the Company will continue as a going concern. As discussed in Note 3 to the financial statements the Company has suffered losses from operations since Inception (February 9, 2012) and currently does not have sufficient available funding to fully implement its business plan. These factors raise substantial doubt about its ability to continue as a going concern. Management s plans in regard to these matters are also described in Note 3. The financial statements do not include any adjustments that might result from the outcome of this uncertainty." ALPHALA CORP Earnings, 3 mos. to Apr 30(Consol. $): Cost & expenses ,901 7,249 Net income (16,901) (7,249) Full Diluted ,800, ,800,000 Year-end ,800, Consolidated Balance Sheet Items, as of ($):

3 July 15, MERGENT OTC UNLISTED NEWS 973 Assets: Cash & equivalents ,859 Current assets ,456 Total assets ,456 Current liabilities ,841 Stockholders equity (10,385) Net current assets (10,385) ALTERNATIVE ENERGY & ENVIRONMENTAL SOLU- TIONS INC. Earnings, 9 mos. to Apr 30(Consol. $): Cost & expenses ,303 94,058 Operating income (143,303) (94,058) Interest expense ,653 6,637 Net income (156,956) (100,695) Primary $(0.01) $(0.01) Fully Diluted $(0.01) $(0.01) Full Diluted ,077,550 18,077,550 Year-end ,077,550 18,077,550 ALTERNATIVE ENERGY PARTNERS, INC Earnings, 9 mos. to Apr 30(Consol. $): Cost & expenses , ,956 Operating income (255,901) (474,956) Other income (expense), net ,215,911 33,354 Net before taxes ,762,716 (664,016) Net income ,762,716 (664,016) Primary $ $(0.01) Fully Diluted $ $(0.01) Full Diluted ,678,186, ,753,724 Year-end ,561,697, ALUMIFUEL POWER CORP Resignation of Accountant On June 23,, Co. s certifying accountants, RR Hawkins & Associates International, PSC, resigned. AMERICAN COMMERCE SOLUTIONS INC Consolidated Income Statement, Years Ended ($): 02/28/14 02/28/13 02/29/12 Net sales ,665,838 2,351,670 2,447,400 Cost of goods sold... 1,265,161 1,034,338 1,158,251 Gross profit ,400,677 1,317,332 1,289,149 Selling, general & expenses ,454,720 1,426,223 1,405,860 operations (54,043) (108,891) (116,711) Forgiveness of debt , ,037 Other income (expense) (17,005) 11,789 37,532 Interest expense , , ,203 Interest income ,038 14,066 9,307 (expense) (115,018) 103, ,673 operations before income tax (169,061) (5,791) 25, (169,061) (5,791) 25,962 available to common (169,061) (5,791) 25,962 - basic ,873, ,960, ,366,297 - diluted ,873, ,960, ,083,697 outstanding ,035,721, ,100, ,169,576 per share - basic..... $0.00 $0.00 $0.00 per share - diluted.... $0.00 $0.00 $ , , ,204 1 Shares increased due to the effect of issuance for deposit on acquisition; and conversion of debt; 2 Approximately Consolidated Balance Sheet, Years Ended Feb. 28 ($): 1 Cash ,731 21,751 Accounts receivable, gross , ,748 Less: allowance Accounts receivable, net , ,748 Accounts receivable, factored ,190 14,054 Work-in process ,646 10,906 Finished goods , ,688 Inventories , ,594 Note receivable, related party ,009,792 1,009,792 Due from related party , ,644 Other receivables , ,398 Prepaid expenses ,082 4,481 Total current assets ,196,571 2,216,462 Land , ,045 Building & improvements ,799,599 2,782,660 Machinery & equipment ,224,952 2,165,974 Office furniture & equipment ,117 87,335 Trucks & automobiles , ,068 gross ,476,781 5,400,082 depreciation - property & equipment ,821,551 2,624,254 net ,655,230 2,775,828 Other assets ,578 3,080 Total assets ,856,379 4,995,370 Accounts payable , ,503 Accrued expenses , ,149 Accrued interest , ,313 Current portion of notes payable, related parties ,988 Current portion of notes payable , ,363 Total current liabilities ,347 1,372,316 Notes payable, net of current portion , Notes payable to the parents of the former president of Company - unsecured , ,291 Notes payable to the parents & sister of the former president of Company - unsecured ,697 31,697 Notes payable, related party - secured , ,505 Notes payable, related party - unsecured ,303 Notes payable - secured ,828 Note payable to a financial institution , ,535 Less: current portion , ,351 Notes payable, related party, net of current portion , ,808 Due to ,669,510 1,837,110 Total long-term liabilities ,527,216 2,718,918 Total liabilities ,267,563 4,091,234 Series B cumulative & convertible preferred stock Common stock ,072,489 1,327,245 capital ,017,210 18,908,713 Stock subscription receivable (10,000) (10,000) (accumulated deficit) (19,225,360) (19,056,299) Treasury stock, at cost , ,526 equity ,588, ,136 1 Reclassified to conform with presentation; 2 Including related party receivables - other receivables: $183,263; 3 Including related party receivables - other receivables: $149,451; 4 Including related party balances - Accounts payable: $13,500; 5 Including related party balances - Accounts payable: $19,940; 6 Including related party balances - accrued expenses: $28,024; 7 Including related party balances - accrued expenses: $52,386; 8 Including related party balances - accrued interest: $35,449; 9 Including related party balances - accrued interest: $76,242 AMERICAN COMMERCE SOLUTIONS INC of the Independent Auditors, Messineo & Co., CPAs LLC, as it appeared in Co. s 10-K: "In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of American Commerce Solutions, Inc. and Subsidiary as of February 28, and and the results of its consolidated operations and its consolidated cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America. The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has recurring losses resulting in an accumulated deficit and is in default of several notes payable. These conditions raise substantial doubt about its ability to continue as a going concern. Management s plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty." AMERICAN INTERNATIONAL VENTURES, INC. (DE) Earnings, 9 mos. to Feb 28(Consol. $): Net Sales , Cost & expenses ,585 5,701,924 Operating income (501,385) (5,770,755) Interest income Interest expense ,180 12,318 Other income (expense), net , Gains or losses , Net before taxes (347,404) (5,783,014) Income taxes , Net income (377,364) (5,783,014) Primary $ $(0.03) Fully Diluted $ $(0.03) Full Diluted ,982, ,373,396 Year-end ,270, ,920,044 AMERICAN INTERNATIONAL VENTURES, INC. (DE) Interest Sale Completed On June 16,, Co. sold certain mining claims to Gold Mining USA, Inc. ("GMU") in exchange for 1,500,000 shares of common stock of GMU and Co. also reserved a 3% net smelter return. AMERICAN LIBERTY PETROLEUM CORP Earnings, 6 mos. to Apr 30(Consol. $): Cost & expenses , ,069 Operating income (20,487) (192,069) Net income (20,487) (192,069) Full Diluted ,389, ,900,452 Year-end ,389, ,239,051 ANNEC GREEN REFRACTORIES CORP Revenues - products.. 40,019,798 75,312,493 91,291,849 Revenues - services.. 1,519,423 9,445,602 3,088,557 Total revenues ,539,221 84,758,095 94,380,406 Cost of products ,414,998 45,016,916 56,442,411 Cost of services ,033,478 8,141,406 1,769,834 Total cost of

4 974 MERGENT OTC UNLISTED NEWS July 15, revenues ,448,476 53,158,322 58,212,245 Gross profit ,090,745 31,599,773 36,168,161 Sales & marketing expenses ,218,022 12,905,016 15,324,847 expenses ,166,929 9,064,914 4,736,057 expenses loss ,384,951 21,969,930 20,060,904 operations (3,294,206) 9,629,843 16,107,257 Interest income , , ,713 Interest expense ,822,017 4,153,272 3,421,836 Non-operating income , Non-operating expenditure , Other income, net , , ,822 (expense) (3,507,470) (3,513,898) (2,680,301) Income before provision for income taxes - China operations..... (6,833,543) 6,115,945 13,426,956 before provision for income taxes (6,801,676) 6,115,945 13,426,956 Current provision (benefit) for income taxes - China ,867 1,080,801 2,117,388 Total current provision (benefit) for income taxes ,867 1,080,801 2,117,388 Provision for income taxes ,867 1,080,801 2,117, (6,833,543) 5,035,144 11,309,568 shares outstanding-basic ,995,701 19,995,701 19,995,701 shares outstanding-diluted... 19,995,701 19,995,701 19,995,701 outstanding ,995,701 19,995,701 19,995,701 per share-basic $(0.34) $0.25 $0.57 per share-diluted..... $(0.34) $0.25 $ , , As reported by Company; 2 Approximately; 3 As of March 23, ; 4 As of March 23, ; 5 As of March 12, 2012 Cash , ,579 Restricted cash ,492,268 6,469,826 Bank notes receivable ,558 1,695,771 Accounts receivable - billed, gross ,798,824 33,100,813 Provision for bad debt ,074,919 1,481,307 Accounts receivable - unbilled ,708,427 10,594,598 Accounts receivable, net ,432, ,214,102 Retentions receivable, net ,923, ,237,473 Advances to suppliers ,937,492 7,613,579 Other receivables ,525,986 3,005,423 Related party receivables , Raw materials ,373,620 3,839,230 Work in process ,551, ,781 Finished goods ,372,610 23,710,610 Inventories impairment (1,852,408) (2,186,087) Inventories, net ,444,864 25,555,534 Other current assets , Total current assets ,556, ,172,287 Long-term retentions receivable, net ,203,396 Deposits for capital 4 2,495,618 expenditure , Plants & buildings ,100,888 15,180,863 Machinery & equipment ,250,258 4,703,072 Vehicle ,352,731 2,321,267 Other plant & equipment , ,106 depreciation ,601,290 6,240,887 Construction in progress ,655 Land use rights, net ,294,989 2,258,796 Long-term investment ,702 Other assets , Total assets ,700, ,281,479 Short-term loans ,327,311 24,037,073 Bank notes payable ,454,831 2,221,834 Accounts payable & accrued expenses ,528,729 19,662,185 Advances from customers ,196,409 14,535,685 Salaries payable , ,536 Taxes payable ,032,010 5,215,355 Related party payables ,861, ,767 Loans payable to ,027,032 Loans payable to other individuals ,372,570 Unpaid operating expenses , ,127 Hiring deposits & unreimbursed expenses payable to.. 2,197,817 1,625,738 Loans payable to others ,238,610 1,583,753 Total current liabilities ,278,701 76,463,655 Deferred income ,623,619 2,776,599 Long-term payables , Long-term loans , ,114 Total liabilities ,880,453 79,862,368 Common stock ,000 2,000 capital ,661,026 2,661,026 Statutory reserve ,385,966 1,385,966 (accumulated deficit) ,513,353 36,346,896 Accumulated other comprehensive income ,257,505 2,023,223 equity (deficit) ,819,850 42,419,111 1 Reclassified to conform with presentation; 2 As reported by Company; 3 Net of allowance: $531,203; 4 Net of allowance: $1,172,860 APPIPHANY TECHNOLOGIES HOLDINGS CORP Stock Trading Symbol On NBB, APHD. APPLIED DNA SCIENCES INC New Accountant On June 23,, Co. appointed Marcum LLP as its new independent registered public accounting firm, after Co. dismissed RBSM LLP, its independent registered public accounting firm. APT SYSTEMS INC Consolidated Income Statement, Years Ended Jan. 31 ($): Revenue Accounting expenses. 13,300 12, Amortization expenses ,576 2, Officer compensation , Consulting services Consulting services - related party ,000 10, expenses ,304 21,231 12,687 Legal expenses ,250 6,450 2,500 Research & development expenses ,928 9, costs ,708 62,745 15,187 operations (75,669) (62,734) (15,187) Interest expense , Interest income (expense) (1,730) (974) (77,399) (63,708) (15,187) - basic ,785,512 8,651,083 1,980,412 - diluted ,785,512 8,651,083 1,980,412 outstanding ,830,000 8,694,000 8,644,000 Net earnings (loss) per share - basic..... $(0.01) $(0.01) $(0.01) Net earnings (loss) per share - diluted.... $(0.01) $(0.01) $(0.01) Reclassified to conform with presentation; 2 As of May 20, Consolidated Balance Sheet, Years Ended Jan. 31 ($): 1 Cash & cash equivalents ,830 2,428 Total current assets ,830 2,428 Software, gross ,605 11,605 amortization - software ,543 2,007 Software, net ,062 9,598 Website, gross , amortization - website , Website, net ,040 2,080 Deposits , Total other assets ,102 11,678 Total assets ,932 14,106 Accounts payable ,858 23,961 Accrued officer compensation , Notes payable , Accrued interest payable Loan from director , Total current liabilities ,006 23,981 Total liabilities ,006 23,981 Common stock ,830 8,694 capital ,670 60,606 (accumulated deficit) during the development stage (156,574) (79,175) equity (60,074) (9,875) 1 Reclassified to conform with presentation APT SYSTEMS INC of the Independent Auditors, Cutler & Co., LLC, as it appeared in Co. s 10-K: present fairly, in all material respects, the financial position of APT Systems, Inc. as of January 31, and, and the results of its operations and its cash flows for the years then ended and the period from October 29, 2010 (inception) to January 31, in conformity with accounting principles generally accepted in the United States of America. that the Company will continue as a going concern. As discussed in Note 3 to the financial statements the Company has suffered recurring losses from operations that raise substantial doubt about its ability to continue as a going concern. Management s plans in regard to these matters are also described in Note 3. The financial statements do not include any adjustments that might result from the outcome of this uncertainty." APT SYSTEMS INC Earnings, 3 mos. to Apr 30(Consol. $): Total revenues Cost & expenses ,186 12,525 Operating income (89,063) (13,397)

5 July 15, MERGENT OTC UNLISTED NEWS 975 Interest income Interest expense , Net income (91,787) (13,816) Primary $(0.01) $ Fully Diluted $(0.01) $ Full Diluted ,830,000 8,719,719 Year-end ,830,000 8,795,000 Consolidated Balance Sheet Items, as of ($): Assets: Cash & equivalents ,757 Current assets ,757 Total assets ,965 Current liabilities ,876 Stockholders equity (151,861) Net current assets (122,119) ARAX HOLDINGS CORP Earnings, 6 mos. to Apr 30(Consol. $): Cost & expenses ,306 9,529 Operating income (6,336) (9,529) Net income (6,336) (9,529) Full Diluted ,300,000 8,000,000 Year-end ,300,000 8,000,000 ARC GROUP WORLDWIDE INC Acquisition Completed On June 25,, Co. acquired Kecy Corporation for $26,000,000. ARMSTRONG ENERGY INC Consolidated Income Statement, Years Ended Dec. 31 ($000): Revenue , , ,270 Cost of coal sales , , ,597 Production royalty to related party ,811 5, Depreciation, depletion, & amortization ,219 33,066 27,661 Asset retirement obligation expenses.. 2,472 3,977 4,005 expenses ,169 21,434 13,725 Selling & other related expenses ,733 28,720 23,769 operations ,912 6,648 7,935 Interest expense, net ,563 19,200 10,694 Other income (expense), net (1,534) (178) Gain on deconsolidation Gain (loss) on extinguishment of debt (3,953) 6,954 before income taxes.. (25,072) (18,039) 4,328 Current federal income taxes Current state income taxes Current income taxes Income taxes (25,072) (18,039) 3,472 Less: income attributable to non-controlling interest (7,448) attributable to common stockholders (25,072) (18,039) (3,976) outstanding ,934 21,871 19,096 Number of beneficiary 1 2 1, As is; 2 Approximately; 3 As of March 1, Consolidated Balance Sheet, Years Ended Dec. 31 ($000): 2012 Cash & cash equivalents ,632 60,132 Accounts receivable ,654 24,138 Materials & supplies ,941 8,547 Coal-raw & saleable , Inventories ,683 9,461 Prepaid & other assets ,669 3,722 Deferred income taxes Total current assets ,243 98,437 Land ,546 37,561 Mineral rights , ,667 Machinery & equipment , ,027 Buildings & facilities ,354 82,916 Office equipment, software & other property, plant, equipment, & mine development ,229 16,871 Mine development costs ,920 50,272 ARO assets ,511 14,962 Construction in progress ,581 16,598 Property, plant, equipment, & mine development, gross , ,874 depreciation, depletion, & amortization , ,649 Property, plant, equipment, & mine development, net , ,225 Investments ,224 3,323 Intangible assets, net Escrows & deposits ,598 4,675 Restricted surety & cash bonds ,509 4,306 Advanced royalties ,509 7,684 Deferred financing costs, net ,961 10,086 Total assets , ,309 Accounts payable ,972 26,902 Payroll & related benefits ,089 6,494 Taxes other than income taxes ,879 4,215 Interest Asset retirement obligations Royalties ,491 1,171 Other accrued & other liabilities ,740 1,373 Current portion of capital lease obligations ,497 4,243 Current maturities of long-term debt ,498 3,935 Total current liabilities ,201 49, % senior secured notes due , ,152 Other long-term debt ,867 10,744 Less: current maturities ,498 3,935 Long-term obligation to related party ,283 98,388 Related party payables, net ,780 4,886 Asset retirement obligations ,230 17,962 Long-term portion of capital lease obligations ,222 5,474 Deferred income taxes Other non-current liabilities , Total liabilities , ,647 Common stock Additional paid-in-capital , ,713 (accumulated deficit) (81,361) (56,289) Postretirement benefit plan (737)... Accumulated other comprehensive income (loss) (737)... Armstrong Energy, Inc. s equity , ,643 Non-controlling interests equity (deficit) , ,662 ARMSTRONG ENERGY INC Earnings, 3 mos. to Mar 31(Consol. $000): Total revenues , ,222 Cost & expenses ,897 90,480 Operating income ,762 1,946 Interest expense ,244 8,553 Other income (expense), net Net before taxes (5,300) (6,496) Net income (5,300) (6,496) Year-end , Consolidated Balance Sheet Items, as of ($000): Assets: Cash & equivalents ,108 Inventories ,293 Current assets ,541 Net property & equip ,177 Total assets ,860 Current liabilities ,613 Long-term debt ,226 Stockholders equity ,622 Net current assets ,928 ARTS WAY MANUFACTURING CO INC Earnings, 6 mos. to May 31(Consol. $): Net Sales ,706,331 17,665,413 Cost & expenses ,557,376 16,153,700 Operating income ,955 1,511,713 Interest expense , ,202 Other income (expense), net , ,699 Net before taxes (9,102) 1,971,210 Income taxes (3,943) 637,710 Net income (5,159) 1,333,500 Primary $ $0.33 Fully Diluted $ $0.33 Full Diluted ,047,025 4,049,480 Year-end ,048,552 4,037,552 AS SEEN ON TV INC. Consolidated Income Statement, Years Ended Mar. 31 ($): Revenues ,985,595 9,403,758 8,165,470 Cost of revenues ,341,529 6,980,240 6,270,508 Gross profit (loss) ,066 2,423,518 1,894,962 Selling & marketing expenses.. 68,801 3,952,510 3,517,765 expenses ,335,091 6,779,217 4,970,616 operations (4,759,826) (8,308,209) (6,593,419) Warrant revaluation.. 10,759,545 13,950,739 5,452,436 of extinguishment of debt (2,950,513) Revaluation of derivative liability ,351 Other income ,530 82,636 10,076 Interest expense ,819 1,588,272 4,181,642 Interest expense - related party , ,271 (expense) ,756,101 12,444,678 (1,483,563)

6 976 MERGENT OTC UNLISTED NEWS July 15, continuing operations before income taxes ,996,275 4,136,469 (8,076,982) Income from continuing operations ,996,275 4,136, operations, net of income tax (15,325,697) (439,710) (9,329,422) 3,696,759 (8,076,982) - basic ,604,248 40,539,166 20,240,435 - diluted ,699,243 43,439,631 20,240,435 outstanding ,741,250 71,282,066 31,970,784 Net income per share - continuing operations - basic.... $0.08 $ per share - operations - basic.... $(0.21) $(0.01)... per share - basic..... $(0.13) $0.09 $(0.40) Net income per share - continuing operations - diluted $0.08 $ per share - operations - diluted $(0.21) $(0.01)... per share - diluted.... $(0.13) $0.09 $(0.40) Restated to reflect the sale of ediets meal delivery business as operations; 2 As of June 15, ; 3 Approximately; 4 As of June 16, ; 5 As of June 25, 2012 Consolidated Balance Sheet, Years Ended Mar. 31 ($): 1 Cash & cash equivalents ,400 2,352,730 Accounts receivables, gross ,801 2,711,332 Allowance for doubtful accounts , ,000 Accounts receivable, net ,801 2,559,332 Advances on inventory purchases ,455 Inventories ,727 Note receivable on asset sale - current , Prepaid license fees ,692 23,550 Prepaid insurance , ,690 Prepaid investor relations fees ,475 Prepaid talent fees ,167 Prepaid professional fees ,055 Prepaid medical & related insurance ,011 Prepaid expenses - other ,502 Total current assets ,005 6,560,694 Restricted cash - non current , ,000 Certificate of deposit - non current ,489 Note receivable on asset sale - non current , Computers & software , ,041 Office equipment & furniture ,693 94,248 Leasehold improvements ,610 62,610 gross , ,899 depreciation , ,098 net , ,801 Goodwill ,300,000 Intangible assets, net ,388,072 10,567,655 Deposits ,185 17,504 Total assets ,788,327 27,091,143 Accounts payable ,769 1,366,426 Deferred revenue , ,750 Accrued registration rights penalty , ,000 Accrued compensation , ,505 Accrued warranty ,836 52,000 Accrued sales returns ,838 Accrued professional fees , ,000 Accrued other expenses , ,387 Notes payable related party , ,000 Accrued interest related party , Notes payable - current portion , ,805 Warrant liability ,761 11,689,306 Current liabilities of operations ,788 1,673,368 Total current liabilities ,506,122 16,168,810 Notes payable - non current , ,107 Common stock ,174 7,128 capital ,095,345 24,293,947 (accumulated deficit) (22,901,271) (13,571,849) equity (deficit) ,201,248 10,729,226 1 Restated to reflect the sale of ediets meal delivery business as operations AS SEEN ON TV INC. of the Independent Auditors, EisnerAmper LLP, as it appeared in Co. s 10-K: present fairly, in all material respects, the consolidated financial position of As Seen On TV, Inc. and Subsidiaries as of March 31, and and the consolidated results of their operations and their cash flows for each of the years in the two-year period ended March 31, in conformity with accounting principles generally accepted in the United States of America. The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the consolidated financial statements, the Company s recurring losses from operations and negative cash flows from operations raise substantial doubt about its ability to continue as a going concern. Management s plan considering these matters are also described in Note 1. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty." ASURE SOFTWARE INC. Acquisition Completed On July 7,, Co. acquired all of the issued and outstanding shares of common stock of FotoPunch, Inc., for $1,500,000 in cash. ATLANTIC GOLD NL Consolidated Income Statement, Years Ended Dec. 31 (A$): Other income ,884 Impairment of exploration assets.... (1,003,117) (675,257) (615,658) Administrative costs (399,683) (455,580) (264,229) Amounts set aside to provision for employee benefits.... (13,159) (45,486) (32,500) Corporate costs (73,217) (154,722) (108,134) Depreciation & amortization expense (17,036) (18,572) (16,980) Employee & director benefits expense (365,892) (164,971) (52,508) Superannuation (77,155) (108,077) (111,496) Net loss on disposal of investments (41) (816)... Occupancy expense.. (51,175) (42,321) (27,588) Other expenses from ordinary activities.... (110,428) (81,516) (93,751) Results from operating activities (2,110,903) (1,747,318) (1,317,960) Financial income ,624 31,761 98,307 Financial expenses... (152,102) (67,597) (15) Net finance income (expense) (91,478) (35,836) 98,292 Profit (loss) before income tax.... (2,202,381) (1,783,154) (1,219,668) Profit (loss) for the year (2,202,381) (1,783,154) (1,219,668) number of shares outstanding - basic ,627, ,908, ,859,068 number of shares outstanding - diluted ,627, ,908, ,859,068 ordinary outstanding ,741, ,741, ,356,920 Earnings (loss) per share - basic A$(0.00) A$(0.00) A$(0.00) Earnings (loss) per share - diluted A$(0.00) A$(0.00) A$(0.00) Number of ordinary shareholders , , ,370 1 Shares increased due to the effect issuance of shares for placements and right issue; 2 As of March 31, ; 3 As of March 28, ; 4 As of March 30, 2012 Consolidated Balance Sheet, Years Ended Dec. 31 (A$): Cash & cash equivalents ,490,091 1,028,960 Other receivables ,152 96,130 Nova Scotia Department of Natural Resources security for expropriation , ,917 Security deposits ,981 27,754 Trade & other receivables , ,801 Prepayments ,163 36,762 Other financial assets , Total current assets ,895,072 1,866,523 Receivables , ,297 Other financial assets ,326 31,925 Land, net ,871,206 3,531,436 Plant & equipment at cost , ,159 depreciation - plant & equipment (90,307) (78,678) Plant & equipment, net ,762 21,481 Intangible assets at cost , Intangible assets, net , Leasehold improvements at cost ,672 47,159 amortization - leasehold improvements (11,714) (5,890) Leasehold improvements, net ,958 41,269 Property, plant & equipment ,921,979 3,595,153 Exploration & evaluation assets - intangibles ,342,258 20,361,944 Total non-current assets ,712,249 24,162,319 Total assets ,607,321 26,028,842 Trade payables , ,627 Other payables ,806 36,647 Trade & other payables , ,274 Loan & borrowings ,000,000 1,000,000

7 July 15, MERGENT OTC UNLISTED NEWS 977 Employee benefits , ,596 Total current liabilities ,589,020 1,481,870 Employee benefits ,400 10,200 Total non-current liabilities ,400 10,200 Total liabilities ,600,420 1,492,070 Net assets ,006,901 24,536,772 Ordinary shares ,232,088 50,792,939 Share capital ,232,088 50,792,939 Reserves ,057,611 (1,175,750) (accumulated losses) (27,282,798) (25,080,417) Total equity ,006,901 24,536,772 1 Reclassified to conform with presentation ATLANTIC GOLD NL of the Independent Auditors, KPMG, as it appeared in Co. s : "Auditor s opinion In our opinion: 1 the financial report of the Group is in accordance with the Corporations Act 2001, including: (a) giving a true and fair view of the Group s financial position as at 31 December and of its performance for the year ended on that date; and (b) complying with Australian Accounting Standards and the Corporations Regulations the financial report also complies with International Financial Reporting Standards as disclosed in note 1. Material uncertainty regarding continuation as a going concern Without qualifying our opinion, we draw attention to note 1(c) in the financial report which assumes continuity of normal business activities, the realisation of assets and the settlement of liabilities in the ordinary course of business. In note 1(c) the directors state why they consider the going concern basis used in the preparation of the financial report is appropriate. Should the Company not be able to raise sufficient funds through equity raisings (including the issue of shares to existing shareholders and public placement of new shares), project finance or using other asset exploitation arrangements such as farm-out, joint venture or sale, a material uncertainty exists as to whether the Company will be able to continue as a going concern and therefore, whether it will realise its assets and extinguish its liabilities in the normal course of business and at the amounts stated in the financial report. Report on the remuneration report We have audited the Remuneration Report included in the directors report for the year ended 31 December. The directors of the Company are responsible for the preparation and presentation of the remuneration report in accordance with section 300A of the Corporations Act Our responsibility is to express an opinion on the remuneration report, based on our audit conducted in accordance with auditing standards. Auditor s opinion In our opinion, the remuneration report of Atlantic Gold NL for the year ended 31 December, complies with section 300A of the Corporations Act 2001." ATOSSA GENETICS INC New Accountant On June 24,, Co. appointed BDO USA, LLP as its new independent registered public accounting firm, after Co. dismissed KCCW Accountancy Corp., its previous independent registered public accounting firm. AURA SYSTEMS INC Consolidated Income Statement, Years Ended ($): 02/28/14 02/28/13 02/29/12 Net revenues ,337,226 2,717,446 3,335,985 Cost of goods sold... 2,162,328 1,527,700 1,772,155 Gross profit (loss) ,898 1,189,746 1,563,830 Engineering, research & development expenses ,294,619 1,313,816 1,328,133 Selling, general & expenses ,099,230 13,377,161 13,059,291 expenses ,393,849 14,690,977 14,387,424 operations (10,218,951) (13,501,231) (12,823,594) Interest expense, net ,991,156 3,874,328 2,012,538 Gain (loss) on settlement of debt, net , , ,838 Other income (expense) net ,607 2,114,689 25,590 (expense) (3,738,439) (1,646,616) (1,330,110) (13,957,451) (15,147,848) (14,153,704) - basic ,780,593 73,009,266 66,912,617 - diluted ,780,593 73,009,266 66,912,617 outstanding ,914,499 76,604,573 71,942,669 per share - basic..... $(0.16) $(0.21) $(0.21) per share - diluted.... $(0.16) $(0.21) $(0.21) , , ,295 1 As reported by Company; 2 As of May 21, ; 3 As of May 10, ; 4 As of May 10, 2012; 5 As of June 5, ; 6 As of May 17, ; 7 As of May 24, 2012 Consolidated Balance Sheet, Years Ended Feb. 28 ($): 1 Cash & cash equivalents ,927 89,196 Accounts receivable, gross , ,551 Allowance for doubtful accounts ,000 50,000 Accounts receivable, net , ,551 Raw materials ,808,556 1,888,831 Finished goods ,735,019 1,836,960 Reserve for potential product obsolescence ,334,487 1,253,300 Discount on long-term inventory (78,051) (88,350) Non-current portion inventories (131,037) (1,384,141) Inventory - current ,000,000 1,000,000 Other current assets , ,034 Total current assets ,267,472 1,603,781 Deposits ,138 61,944 Machinery & equipment , ,111 Furniture & fixtures , ,302 Leasehold improvements ,080 Property, plant & equipment, gross ,127,413 1,612,493 Less accumulated depreciation & amortization ,119,458 1,572,023 Property, plant & equipment, net ,955 40,470 Inventory, non-current, net , ,384,141 Total assets ,495,601 3,090,336 Accounts payable ,077,513 1,202,382 Accrued payroll & related expenses ,729,944 1,564,496 Accrued rent , Accrued interest ,801 30,867 Other accrued expenses ,079 6,377 Customer advances ,641 12,598 Notes payable ,559,990 3,004,990 Convertible notes payable, net of discount ,567, ,509 Notes payable & accrued interest - related party ,730,372 17,265,466 Total current liabilities ,402, ,590,684 Demand notes payable ,559,990 3,004,990 Convertible promissory note ,187,597 1,447,938 Senior secured convertible note ,567, ,508 Less: current portion ,127,545 3,508,498 Convertible note payable & accrued interest-related party, net of discount ,176, Total liabilities ,765,612 24,688,623 Common stock ,891 7,660 capital ,234, ,949,767 (accumulated deficit) (434,513,163) (420,555,713) equity (deficit) (31,270,011) (21,598,286) 1 2 Reclassified to conform with presentation; Net of allowance for obsolete inventory - Inventory, non-current: $2,412,538; 3 Net of allowance for obsolete inventory - Inventory, non-current: $1,341,650; 4 As reported by Company AURA SYSTEMS INC of the Independent Auditors, Kabani & Company, Inc., as it appeared in Co. s 10-K: present fairly, in all material respects, the financial position of Aura Systems, Inc. as of February 28, and February 28,, and the results of its operations and its cash flows for each of the years in the two year period ended February 28, in conformity with accounting principles generally accepted in the United States of America. that the Company will continue as a going concern. As more fully described in Note 11 to the financial statements, the Company has historically incurred substantial losses from operations, and the Company may not have sufficient working capital or outside financing available to meet its planned operating activities over the next twelve months. These conditions raise substantial doubt about the Company s ability to continue as a going concern. Management s plans regarding these matters are described in Note 11. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties." AURASOURCE INC Stock Trading Symbol On NBB, ARAO. AUXILIO INC Acquisition Completed On July 1,, Co. acquired 100% of the issued and outstanding shares of common stock of Delphiis Inc. The securities consideration consisted of 930,406 shares of Co. s common stock, which was the number of shares having an aggregate value of $1,250,000, with the price per share equal to the average of the closing price of Co. s common stock on the OTC Markets for the 20 most recent trading days prior to the date, rounded up to the nearest whole number of shares. The cash consideration was equal to $1,000,000 minus any transaction payments to the extent such transaction payments in the aggregate exceeded $12,000. BASTA HOLDINGS CORP Earnings, 6 mos. to Apr 30(Consol. $): Cost & expenses ,428 8,725 Operating income (157,428) (8,725) Net income (157,428) (8,725) Primary $(0.04) $ Fully Diluted $(0.04) $ Full Diluted ,730,000 3,317,597 Year-end ,730,000 3,730,000 BEESTON ENTERPRISES LTD 2012 Speculative mining expenses ,527 3,439 Consulting expenses ,500 45,150 Promotional expenses ,950 73,661 Professional fees ,469 40,135 Administrative expenses , ,887 expenses , ,272