Current liabilities ,570 Long-term debt... 43,000 Stockholders equity... (619,774) Net current assets... (591,731)

Transcription

1 MERGENT OTC UNLISTED NEWS REPORTS Friday, February 26, 2016 Volume 32 No. 2 NAME CHANGES (For details on individual listings, see the News Section of this issue) Cambridge Projects Inc (to Ionix Technology Inc) Cantor Group Inc (to MedX Holdings Inc) Dale Jarrett Racing Adventure Inc (to 24/7 Kid Doc Inc) Joe s Jeans Inc (to Differential Brands Group Inc) MetaSolutions Inc (to Biotricity Inc) Net:X America Inc (to CB Scientific Inc) Oxysure Systems Inc (to OxySure Therapeutics Inc) Self Storage Group Inc (to Global Self Storage Inc) Sunrise Tours Inc (to Luboa Group Inc) Train Travel Holdings Inc (to Turnkey Capital Inc) Viggle Inc (to DraftDay Fantasy Sports Inc) 24/7 KID DOC INC Interest Sale Completed On Nov. 9,, Co. sold the assets and liabilities of its racing school to Timothy Shannon, its Chief Executive Officer, in return for a promissory note valued at $200,000, to be paid in four annual payments of $50, /7 KID DOC INC New Name On Feb. 18, 2016, Co. changed its name from Dale Jarrett Racing Adventure Inc. to 24 / 7 Kid Doc Inc. 30DC INC Earnings, 3 mos. to Sep 30(Consol. $): Total revenues , ,244 Cost & expenses , ,645 Operating income (150,256) 97,599 Net before taxes (150,256) 97,599 Income discont. oper (220,346) (65,919) Net income (370,602) 31,680 Primary $(0.01) $ Fully Diluted $(0.01) $ Full Diluted ,387,682 77,398,919 Year-end ,109, Cash & equivalents ,382 Current assets ,715 Net property & equip ,246 Total assets ,115,987 Current liabilities ,435,769 Stockholders equity (1,319,782) Net current assets (2,233,054) 3D MAKERJET INC Earnings, 3 mos. to Oct 31(Consol. $): Total revenues ,000 5,995 Cost & expenses , ,642 Operating income (107,602) (115,647) Interest expense ,897 81,953 Net income (221,499) (197,600) Full Diluted ,200, ,200,000 Year-end ,200, ,200,000 Cash & equivalents ,758 Inventories ,081 Current assets ,839 Net property & equip ,723 Total assets ,796 NOTICE Items in this issue will be listed online weekly and printed monthly. Current liabilities ,570 Long-term debt ,000 Stockholders equity (619,774) Net current assets (591,731) 3POWER ENERGY GROUP INC Earnings, 9 mos. to Dec 31(Consol. $): Cost & expenses , ,449 Operating income (694,064) (879,449) Interest expense , ,220 Gains or losses (2,632) Net before taxes (819,564) (997,669) Net income (819,564) (997,669) Full Diluted ,949, ,358,992 Year-end ,949, ,949,923 4NET SOFTWARE INC Earnings, 3 mos. to Dec 31(Consol. $): Cost & expenses ,305 3,950 Operating income (6,305) (3,950) Interest expense ,568 3,731 Other income (expense), net Net income (10,207) (7,681) Full Diluted ,261,017 9,261,017 Year-end ,261,017 9,261,017 Cash & equivalents ,356 Current assets ,356 Total assets ,356 Current liabilities ,208 Stockholders equity (246,852) Net current assets (246,852) ACACIA DIVERSIFIED HOLDINGS INC Consolidated Income Statement, Years Ended Dec. 31 ($): 2013 Total revenues ,878 Cost of revenue ,132 Gross profit (84,254) Employee compensation , , ,126 expenses , , ,670 Depreciation ,110 8,410 11,091 Total costs & expenses , , ,887 Operating income (loss) before other income (expense) & income taxes (932,422) (540,370) (668,141) Other income ,035 Interest expense, gross ,202 Interest income (expense) (14,666) (11,998)... (expense) (14,666) (11,998) (15,167) before income taxes.. (947,088) (552,368) (683,308) from operations (947,088) (552,368)... Gain (loss) on discontinued operations , , Gain on disposition of discontinued operations ,249, Net gain (loss) from discontinued operations ,475, , ,405 (151,650) (683,308) shares outstanding-basic ,820,021 12,638,577 12,004,281 shares outstanding-diluted... 12,820,021 12,638,577 12,004,281 outstanding ,955,406 12,735,406 12,496,809 per share from operations-basic..... $(0.07) $(0.04)... per share from discontinued operations-basic..... $0.12 $ per share-basic $0.05 $(0.01) $(0.06) per share from operations-diluted.... $(0.07) $(0.04)... per share from discontinued operation-diluted..... $0.12 $ per share-diluted..... $0.05 $(0.01) $(0.06) employees Number of beneficial Restated to reflect the sales Citrus Extracts, Inc. and Acacia Transport Services, Inc. subsidiaries together with its Acacia Milling Services operations as discontinued operations; 2 Approximate Consolidated Balance Sheet, Years Ended Dec. 31 ($): Cash & cash equivalents ,854 10,088 Assets of discontinued operations ,483 Prepaid expenses , Total current assets , ,571 Vehicles , Computer equipment ,610 12,476 Furniture & fixtures Other equipment & software ,231 41,160

2 140 MERGENT OTC UNLISTED NEWS February 26, 2016 gross ,860 54,387 Less accumulated depreciation ,332 48,151 net ,528 6,236 Other assets Total assets ,657 1,000,648 Accounts payable , ,490 Accrued payroll & benefits ,006 Accrued expenses - other ,638 Shareholder payable ,365 Note payable, current portion ,025 Liabilities of discontinued operations ,611 Total current liabilities ,973 1,358,135 Common stock ,955 12,735 capital ,034,270 11,975,724 (deficit) (11,817,541) (12,345,946) equity (deficit) ,684 (357,487) 1 Restated to reflect the sales Citrus Extracts, Inc. and Acacia Transport Services, Inc. subsidiaries together with its Acacia Milling Services operations as discontinued operations ACACIA DIVERSIFIED HOLDINGS INC Auditors, KWCO, PC, 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 consolidated financial position of Acacia Diversified Holdings, Inc. as of December 31, and 2014, and the consolidated results of its operations and its 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 10 to the consolidated financial statements, the Company has suffered recurring losses from operations and its limited capital resources raise substantial doubt about its ability to continue as a going concern. ManagementŠs plans in regard to these matters are described in Note 10. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty." ACCELERA INNOVATIONS INC Total revenues ,582,739 1,948,644 Cost & expenses ,215,040 8,545,801 Operating income (11,632,301) (6,597,157) Other income (expense), net (1,492,165) Net before taxes (13,124,466) (6,597,157) Income contin. oper (13,124,466) (6,597,157) Net income (13,124,466) (6,867,035) Balance for common (13,149,871) (6,867,035) Primary $(0.31) $(0.21) Fully Diluted $(0.31) $(0.21) Full Diluted ,218,137 32,380,439 Year-end ,161, ACTIVE WITH ME INC Cost & expenses ,206 7,102 Operating income (5,206) (7,102) Net income (5,206) (7,102) Full Diluted ,305,000 3,305,000 Year-end ,305,000 3,305,000 ACTIVECARE, INC. Consolidated Income Statement, Years Ended Sept. 30 ($): Revenues - chronic illness monitoring.... 6,597,981 6,107,941 4,245,404 Cost of revenues - chronic illness monitoring ,196,827 6,437,943 3,323,011 Gross profit (loss).... 1,401,154 (330,002) 922,393 Selling, general & expense ,358, ,800, ,752,277 Research & development expense. 106, , ,170 expenses ,464,936 10,015,448 9,357,447 from operations (9,063,782) (10,345,450) (8,435,054) Gain (loss) on liability settlements , Gain (loss) on derivative liability , ,293 (333,406) Gain (loss) on lease termination , Other income (expenses) ,129 55,368 (45,011) Loss on induced conversion of debt , Loss on induced conversion of debt & sale of common stock ,355,587 Gain (loss) on disposal of property & equipment (42,336) (42,094) (200,149) Impairment of goodwill , Loss on extinguishment of debt (927,784) Interest expense, net ,234 1,936,039 5,583,932 (expense), net (2,277,655) (1,663,570) (15,518,085) from operations (11,341,437) (12,009,020) (23,953,139) from discontinued operations (186,232) (1,452,567) (3,184,463).... (11,527,669) (13,461,587) (27,137,602) Dividends on preferred stock , , ,868 Deemed dividends on conversion of accrued dividends to common stock , Deemed dividends on conversion of preferred stock to common stock ,234, attributable to common stockhokders (12,823,749) (16,433,649) (27,458,470) - basic ,444,000 35,010,000 7,369,000 - diluted ,444,000 35,010,000 7,369,000 outstanding ,113, ,815,351 21,775,303 Earnings (loss) per share - operations - basic.... $(0.25) $(0.43) $(3.30) Earnings (loss) per share - discontinued operations - basic.... $0.00 $(0.04) $(0.43) per share - basic..... $(0.25) $(0.47) $(3.73) Earnings (loss) per share - operations - diluted $(0.25) $(0.43) $(3.30) Earnings (loss) per share - discontinued operations - diluted $0.00 $(0.04) $(0.43) per share - diluted.... $(0.25) $(0.47) $(3.73) employees Number of part time employees , , Number of preferred Reclassified to conform with presentation; 2 Restated to reflect the sale of the CareServices assets and reagents business as discontinued operations; 3 Restated to reflect the correction of accounting error related to revenue recognition for chronic illness monitoring supplies shipped to distributors; 4 Including stock based compensation: $5,762,755; 5 Including stock based compensation: $3,585,379; 6 Including stock based compensation: $3,446,827; 7 Shares increased due to the effect of issuance for services, finance fees, loan origination fees, debt conversion, dividends and related interest, option exercises, series C and D preferred conversion; 8 Approximately; 9 As of January 7, 2016; 10 As of January 12, Consolidated Balance Sheet, Years Ended Sept. 30 ($): Cash , ,027 Accounts receivable, gross ,361 1,751,654 Less: allowance for doubtful accounts , ,994 Accounts receivable, net ,866 1,635,660 Finished goods , ,423 Finished goods held by distributors ,350,368 2,720,626 Total inventory ,556,406 3,310,049 Less: reserves for inventory obsolescence ,935 1,660,729 Inventories ,471 1,649,320 Prepaid expenses & other current assets , ,087 Assets of discontinued operations ,403 Total current assets ,375,334 4,335,497 Goodwill ,894 Software , ,574 Leasehold improvements , ,287 Furniture ,758 69,776 Equipment ,754 54,732 gross , ,369 depreciation , ,293 net , ,076 Deposits & other assets ,846 29,594 Domain name, gross ,010 10,724 Domain name, net ,010 10,724 Customer contracts, gross , ,106 amortization , ,106 Total assets ,538,960 5,421,785 Accounts payable ,493,211 4,549,451 Accounts payable, related party ,797 1,109,775 Payroll expense , ,529 Interest ,045 59,091 Deferred revenue ,344 18,534 Commissions and fees , ,744 Liability to issue common stock , ,087 Other , Deferred rent ,346 Accrued expenses ,967 1,451,331

3 February 26, 2016 MERGENT OTC UNLISTED NEWS 141 Current portion of notes payable ,259,916 1,212,937 Current portion of notes payable, related party ,495 1,669,620 Dividends payable , ,738 Derivative liability , ,444 Total current liabilities ,799,083 10,346,296 Unsecured notes payable ,534,709 1,601,435 Less: discount (274,793) (169,450) Less: current portion ,259,916 1,212,937 Less: current portion , Total liabilities ,147,334 10,565,344 Preferred stock Common stock Additional paid in capital ,231,002 73,183,429 (accumulated deficit) (91,840,158) (78,327,447) equity (8,608,374) (5,143,559) 1 Reclassified to conform with presentation ACTIVECARE, INC. The following is an excerpt from the Report of Independent Auditors, Tanner LLC, as it appeared in Co. s 10-K: "In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of ActiveCare, Inc. and subsidiaries as of September 30, and 2014, and the results of their operations and their cash flows for the years then ended in conformity with U.S. generally accepted accounting principles. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company has recurring losses, negative cash flows from operating activities, negative working capital, negative total equity, and certain debt that is in default. These conditions, among others, raise substantial doubt about its ability to continue as a going concern. Management s plans regarding these matters are also discussed in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty." ADAIAH DISTRIBUTION INC Consolidated Income Statement, Years Ended Oct. 31 ($): Merchandise sales ,839 91,307 Total income ,839 91,307 Pillow purchases ,727 49,350 Sales commission ,180 Total cost of goods sold ,727 52,530 Gross profit (loss) ,112 38,777 Depreciation & amortization , ,618 11,202 Total expenses ,896 12,161 Income before income tax (47,784) 26,616 Provision (benefit) for income tax ,894 for period (47,784) 22,722 shares outstanding - basic ,000, ,000,000 shares outstanding - diluted ,000, ,000,000 outstanding ,000, ,000,000 Net income gain (loss) per share - basic $(0.00) $0.00 Net income gain (loss) per share - diluted $(0.00) $0.00 Other number of employees Number of part time employees employees Adjusted for 25-for-1 stock split, December 18, Consolidated Balance Sheet, Years Ended Oct. 31 ($): Cash ,491 7,927 Total current assets ,491 7,927 Furniture & equipment ,000 8,000 depreciation - furniture & equipment , Sewing shop ,940 16,940 depreciation - sewing shop , Total fixed assets ,744 23,981 Total assets ,235 31,908 Deferred tax liability ,894 3,894 Loan payable - related party ,415 1,304 Total liabilities ,309 5,198 Common stock ,000 4,000 capital , Profit (loss) accumulated during the development stage (25,074) 22,710 equity (deficit) ,926 26,710 ADAPTIVE MEDIAS INC New Auditor On Jan. 20, 2016, Co. dismissed Ramirez Jimenez International CPAs as its independent accounting firm and engaged Anton & Chia, LLP as its new independent accounting firm. ADM TRONICS UNLIMITED, INC. Earnings, 9 mos. to Dec 31(Consol. $): Total revenues ,354,197 2,049,950 Cost & expenses ,028,137 1,767,104 Deprec., depl. & amort ,861 4,167 Operating income , ,679 Interest income ,364 Interest expense ,054 2,192 Net before taxes , ,851 Net income ,179, ,851 Primary $0.02 $ Fully Diluted $0.02 $ Full Diluted ,574,905 65,539,537 Year-end ,008,502 64,939,537 ADMIRAL FINANCIAL CORP. Year-end ,985,046 10,985,046 ADVANCED BIOMEDICAL TECHNOLOGIES, INC. Consolidated Income Statement, Years Ended Oct. 31 ($): 2013 expenses , , ,794 Depreciation ,451 26,640 26,201 Research & development ,202 47,700 30,749 expenses , , ,744 from operations (605,193) (617,754) (718,744) Interest income Interest paid to a stockholder & related parties , , ,502 Imputed interest ,164 20,079 22,936 Other income (expenses), net (16,325) (8,667) (11,231) (expenses), net (257,661) (210,002) (171,599) from operations before taxes (862,854) (827,756) (890,343).... (862,854) (827,756) (890,343) attributable to Advanced Biomedical Technologies, Inc. common stockholders (862,854) (827,756) (890,343) - basic ,874,850 56,874,850 56,578,138 - diluted ,874,850 56,874,850 56,578,138 outstanding ,874,850 56,874,850 56,874,850 per share - basic..... $(0.02) $(0.01) $(0.02) per share - diluted.... $(0.02) $(0.01) $(0.02) employees Consolidated Balance Sheet, Years Ended Oct. 31 ($): Cash & cash equivalents ,304 74,354 Testing reagents , Packing materials Inventories , Other receivables & prepaid expenses ,118 18,768 Total current assets ,213 93,122 Plant & machinery , ,214 Motor vehicles ,637 45,105 Office equipment ,527 34,523 Computer software ,017 5,017 Office improvements , ,439 at cost , ,298 depreciation , ,044 net , ,254 Deposit for purchase of property & equipment ,238 Total assets , ,614 Other payables Accrued expenses , ,842 Due to directors , ,510 Due to a stockholder , ,131 Due to related parties ,528,228 2,988,738 Total current liabilities ,627,319 3,956,150 Common stock capital ,949,132 1,927,968 (accumulated deficit) (6,262,961) (5,400,107) Accumulated other comprehensive income (loss) (148,227) (266,966) equity (deficit) (4,461,487) (3,738,536) Total equity (deficit) (4,461,487) (3,738,536) ADVANCED BIOMEDICAL TECHNOLOGIES, INC. Auditors, AWC (CPA) Limited, 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 consolidated financial position of the Company as of October 31, and the results of its operations and its cash flows for the year ended October 31, in conformity with accounting principles generally accepted in the United States of America. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 10 to the financial statements, the Company had a net loss of $862,854, an accumulated deficit of $6,262,961 and a working capital deficiency of $4,568,160 and used cash in operations of $820,393. These factors raise substantial doubt about its ability to continue as a going concern. ManagementŠs plans

4 142 MERGENT OTC UNLISTED NEWS February 26, 2016 concerning this matter are also described in Note 10. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty." ADVANCED OXYGEN TECHNOLOGIES, INC. Total revenues ,115 20,055 Cost & expenses ,706 19,811 Operating income , Net income , Primary $0.00 $ Fully Diluted $0.00 $ Full Diluted ,292,945 2,292,679 Year-end ,292,945 2,292,945 ADVANSOURCE BIOMATERIALS CORP Earnings, 9 mos. to Dec 31(Consol. $): Total revenues ,805,000 1,672,000 Cost & expenses ,129,000 1,878,000 Operating income ,000 (206,000) Net before taxes ,000 (493,000) Net income ,000 (493,000) Primary $0.02 $(0.02) Fully Diluted $0.02 $(0.02) Full Diluted ,631,000 21,491,000 Year-end ,490,621 21,490,621 ADVANSOURCE BIOMATERIALS CORP New Accountant On Feb. 2, 2016, Co. dismissed Liggett & Webb PA and engaged RBSM LLP as its new independent public accounting firm. AEOLUS PHARMACEUTICALS INC Earnings, 3 mos. to Dec 31(Consol. $000): Cost & expenses ,053 1,623 Operating income (748) (698) Interest expense Net income (1,033) (698) Balance for common (1,613) (698) Primary $(0.01) $(0.01) Fully Diluted $(0.01) $(0.01) Full Diluted , ,850 Year-end , ,850 Consolidated Balance Sheet Items, as of ($000): Cash & equivalents ,444 Current assets ,381 Total assets ,413 Current liabilities Stockholders equity ,617 Net current assets ,585 AEROGROW INTERNATIONAL, INC. Earnings, 9 mos. to Dec 31(Consol. $): Total revenues ,552,000 14,370,000 Cost & expenses ,690,000 14,572,000 Operating income (1,138,000) (202,000) Other income (expense), net ,226, ,000 Net income (109,000) (184,000) Balance for common ,000 (422,000) Primary $0.11 $(0.07) Fully Diluted $0.11 $(0.07) Full Diluted ,235,000 6,358,000 Year-end ,499,966 6,536,018 AETHLON MEDICAL INC Earnings, 9 mos. to Dec 31(Consol. $): Cost & expenses ,980,367 3,423,985 Operating income (3,298,460) (2,860,180) Other income (expense), net (2,897,425) Net income (3,701,297) (6,051,127) Primary $(0.50) $(1.12) Fully Diluted $(0.50) $(1.12) Full Diluted ,318,019 5,254,459 Year-end ,622,393 6,554,784 AFFIRMATIVE INSURANCE HOLDINGS INC Bankruptcy Proceedings On Jan. 22, 2016, Co. filed with the U.S. Bankruptcy Court a monthly operating report for Dec.. For the period, Co. reported a net loss of $692,943 on $12,348 in total revenue. Co. paid $141,146 in professional fees during the period. Beginning cash balance was $10,400,000 and $9,900,000 at month s end, with net cash flow of $457,234. Co. reported its total disbursements as $4,700,000 and $4,200,000 in total receipts. AFFIRMATIVE INSURANCE HOLDINGS INC Bankruptcy Proceedings On Feb. 16, 2016, Co. filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including Apr. 11, 2016 and June 10, 2016, respectively. The motion explains, "The Chapter 11 Cases have been pending for approximately four months. Given that the Debtors have made substantial progress in these Chapter 11 Cases, and that the filing of a confirmable plan is on the horizon, the Debtors anticipate that the requested extension will provide them with sufficient time to propose and confirm a plan. The Debtors have neither sought nor obtained previous extensions of the Exclusivity Periods, and the Debtors requests for a 60 day extension of the Exclusive Filing Period, and a 60 day extension of the Exclusive Solicitation Period, are but a fraction of the 18- and 20 month extensions permitted under Bankruptcy Code section 1121(d)." The Court scheduled an Apr. 25, 2016 hearing, with objections due by Feb. 25, AFTERMASTER INC Total revenues ,855, ,975 Cost & expenses ,972,845 2,669,213 Operating income (3,151,912) (2,457,131) Interest expense ,725 2,089,997 Other income (expense), net ,517,929 (907,781) Net before taxes ,292 (5,454,909) Net income ,292 (5,454,909) Balance for common ,865 (5,487,806) Primary $0.01 $(0.07) Fully Diluted $0.01 $(0.07) Full Diluted ,212, ,474,438 Year-end ,554, AIM EXPLORATION INC Earnings, 3 mos. to Nov 30(Consol. $): Cost & expenses ,985 89,262 Operating income (217,985) (89,262) Interest expense ,044 1,247 Other income (expense), net (137,921) (151,135) Gains or losses (28,979) 2,368 Net income (406,929) (239,276) Full Diluted ,100,000 86,477,473 Year-end ,100,000 89,100,000 Cash & equivalents ,722 Current assets ,229 Total assets ,198 Current liabilities ,657,998 Stockholders equity (1,264,800) Net current assets (1,591,769) ALADDIN INTERNATIONAL INC Cost & expenses ,547 22,742 Operating income (108,547) (22,742) Interest expense , Net income (112,754) (22,742) Primary $(0.02) $(0.01) Fully Diluted $(0.02) $(0.01) Full Diluted ,548,435 4,152,919 Year-end ,548,435 4,548,435 ALANCO TECHNOLOGIES INC Total revenues , ,500 Cost & expenses , ,500 Operating income (762,800) (481,400) Other income (expense), net Gains or losses ,200 Net income (748,100) (354,900) Primary $(0.15) $(0.07) Fully Diluted $(0.15) $(0.07) Full Diluted ,982,400 4,984,500 Year-end ,982,400 5,017,500 ALLIANCE MEDIA HOLDINGS INC Net Sales ,844,000 28,160,000 Cost & expenses ,220,000 27,635,000 Operating income , ,000 Interest expense , ,000 Net before taxes , ,000 Income taxes , ,000 Net income , ,000 Primary $0.01 $0.01 Fully Diluted $0.01 $0.01 Full Diluted ,655,000 44,621,000 Year-end ,157,000 44,157,000 ALPHA NATURAL RESOURCES INC Bankruptcy Proceedings On Jan. 22, 2016, Co. filed with the U.S. Bankruptcy Court a monthly operating report for Dec.. For the period, Co. reported a $25,200,000 net loss on $183,700,000 in total revenue. Selling, general and expenses were $6,100,000 (exclusive of depreciation, depletion and amortization) and $45,400,000 in depreciation, depletion and amortization. Co. paid $8,700,000 in net reorganization items during Dec.. ALPHA NATURAL RESOURCES INC Bankruptcy Proceedings On Jan. 28, 2016, the U.S. Bankruptcy Court approved Co. s motion for an order authorizing payments under its annual incentive bonus plan and approving key employee incentive plan (KEIP) for certain insider employees for As previously reported, "The Debtors designed the KEIP to intent senior management employees to meet and exceed certain operational goals that will be critical to the success of the Debtors restructuring. The KEIP is comprised of two consecutive three-month performance periods, with the first performance period starting on Jan. 1, Each KEIP Participant is assigned a target incentive opportunity expressed as a percentage of such KEIP Participant s base salary. If target performance goals are achieved across all performance metrics for a performance period, then each KEIP Participant will earn a target payout for that performance period. The KEIP also provides for lesser payouts if threshold performance goals are achieved and greater payouts if maximum performance goals are achieved. The performance goals under the KEIP relate to the following three performance metrics: (a) an annualized savings metric (the Value Enhancement Plan ); (b) a liquidity metric (the Liquidity Metric ); and (c) a safety and environmental compliance metric (the Safety/Environmental Metric ). The KEIP constitutes each of the KEIP Participants sole incentive program for the 2016 calendar year. Performances under the KEIP will be measured as of the end of each of the first two calendar quarters of 2016, and any award payments will be made in up to three instalments. The aggregate cost (i.e., $7,400,000) of the KEIP if target performance goals are achieved represents 0.073% of the book value of the Debtors assets, which is approximately equal to the median cost of comparable plans approved in other bankruptcy cases." The Court also approved Co. s motion to seal certain KEIP program-related exhibits. ALPHA NATURAL RESOURCES INC Bankruptcy Proceedings On Feb. 16, 2016, Co. filed with the U.S. Bankruptcy Court a motion for an order establishing bid

5 February 26, 2016 MERGENT OTC UNLISTED NEWS 143 and sale procedures for the potential sale of certain mining properties and related assets, settlements related to unencumbered as- filing fees Transfer agent & any adjustments that might result from the outcome of this uncertainty.sets and the pre-petition lenders diminution claims and amendments to certain case milestones in connection with the D.I.P. ALTEX INDUSTRIES, INC. credit agreement. The motion explains, "Central to the plan structure agreement (PSA) and the Debtors restructuring efforts is a expenses ,625 0 Earnings, 3 mos. to Dec 31(Consol. $): credit bid made by the Pre-Petition Lenders to serve as the Stalking Horse Bid for a core group of the Debtors assets comprised from Cost & expenses ,000 95,000 expenses ,402 40,915 59,132 Total revenues ,000 23,000 of: (a) all assets (including, but not limited to, all mineral rights, operations (20,402) (40,915) (59,132) Interest income ,000 4,000 fixed and mobile equipment and logistics assets) used or held for Interest expense ,725 14,000 10,494 Net income (90,000) (73,000) use primarily in connection with (i) the Alpha Coal West mine Financing costs ,875 complexes in Wyoming, (ii) the business of Debtor Pennsylvania Impairment Primary $(0.01) $(0.01) Land Resources Holding Company, LLC ( PLR ), the Debtors Gain on settlement natural gas business in the Marcellus Shale in South Western Pennsylvania, of payables Year-end ,923,232 12,975,321 and (iii) the McClure, Nicholas and Toms Creek mine complexes in West Virginia and Virginia; (b) all coal operations (expenses) and reserves located in Pennsylvania, including the Cumberland.... mine complex, the Emerald mine complex, the Freeport reserves, the Sewickley reserves and all assets used or held for use primarily (15,725) (36,127) (14,000) (54,915) (13,369) (72,501) Assets: Cash & equivalents Current assets Net property & equip ,578,000 2,593, ,000 in connection therewith, including all logistics-related assets; - basic (c) the Debtors interest in Dominion Terminal Associates and (d) certain other designated assets, including certain working capital (all of which together make up the Reserve Price Assets). The - diluted Pre-Petition Lenders have agreed to provide a Stalking Horse Bid 114,980, ,980, ,980, ,980,000 85,481,370 85,481,370 Total assets Current liabilities Stockholders equity Net current assets ,737, ,000 1,826,000 1,682,000 for the Reserve Price Assets in the amount of $500,000,000 as a outstanding ,980, ,980, ,980,000 credit bid (the Stalking Horse Reserve Price ), plus the assumption of related liabilities, to provide a floor value for these assets. per common AMAZONAS FLORESTAL LTD The Debtors intend to pursue the sale process and the plan process share-basic $0.00 $0.00 $0.00 in parallel, along with their other restructuring activities, with the Cost & expenses , ,596 goal of emerging from chapter 11 at or before the end of June per common Operating income , " The motion continues, "A Potential Bidder must deposit share-diluted $0.00 $0.00 $0.00 Net before taxes , with the Debtors a cash deposit equal to either (a) 10% of the cash consideration payable at closing (with a minimum of $100,000 employees and a maximum of $5,000,000) or (b) such other higher or lower Full Diluted ,938,438, ,976,500 amount as may be agreed upon by the Debtors, after consultation employees Year-end ,429,889, with the Consultation Parties." Under the proposed procedures, the deadline to submit qualified competing bids is Mar. 28, 2016; AMBICOM HOLDINGS INC and an auction, if necessary, would be conducted on Mar. 31, 2016 followed by a sale hearing on April, The Court scheduled a Shares increased due to the effect of issuance of common Consolidated Income Statement, Years Ended Jul. 31 ($): Feb. 23, 2016 hearing on the motion. stock On Feb. 16, 2016, the United Mine Workers of America (UMWA), the representative of the interests of both active and Consolidated Balance Sheet, Years Ended Sept. 30 ($): laid-off employees Co. s mining complexes and various retirees and dependents, filed a notice of appeal of the U.S. Bankruptcy Court ruling approving Alpha Natural Resources motion for an Cash & cash equivalents order (I) authorizing payments under its annual incentive Total current assets bonus plan and (II) approving its key employee incentive plan Website, net ,631 2,631 5, ,200 (KEIP) for certain insider employees for ALTERNATURALS INC Total assets Accrued audit fees Accrued accounting Accrued legal fees ,314 6,250 1,100 30,174 6,200 5,000 1,700 25,772 Cost & expenses ,100 39,316 Other accrued expenses ,120 Operating income (3,100) (39,316) Accrued transfer agent & Interest expense ,370,937 filing fees ,416 Other income (expense), net ,000 3,253 Accrued interest ,509 45,784 Net before taxes ,900 (1,389,484) Advances for director Net income ,900 (1,389,484) Notes payable , ,000 Total liabilities Common stock , , , ,980 Full Diluted ,945,3432,894,991,374 Year-end ,945, Additional paid in capital , ,850 Retained earning (accumulated deficit) (489,299) (453,172) equity (deficit) (241,469) (205,342) Cash & equivalents Current assets Net property & equip ,225 Total assets ,457 Current liabilities (3,100) Stockholders equity ,453 Net current assets ,225 ALTEROLA BIOTECH INC. Consolidated Income Statement, Years Ended Sept. 30 ($): 2013 Stock-based compensation ,000 Accounting & audit fees ,100 9,200 4,650 Legal fees ,755 16,590 14,982 Consulting fees ,500 2,500 Management fees ALTEROLA BIOTECH INC. Auditors, KLJ & Associates, LLP, as it appeared in Co. s 10-K: "In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Alterola Biotech, Inc. as of September 30, and 2014, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America. The accompanying financial statements have been prepared assuming that the entity will continue as a going concern. As discussed in Note 8 to the financial statements, the entity has suffered recurring losses from operations and has a net capital deficiency that raises substantial doubt about its ability to continue as a going concern. Management s plans in regard to these matters are also described in Note 8. The financial statements do not include Sales ,300,472 Product & other revenue ,147 1,941, Software licensing & support , Revenues ,060 1,941, Product & other cost of revenue , , Software licensing & support , Cost of revenue , ,631 1,547,054 Gross profits ,721 1,135,511 1,753,418 Depreciation & amortization ,187 expenses ,109,123 1,396, Selling & marketing expenses.. 142,389 17, ,413 Research & development , , Professional fees ,377 expenses ,707,861 1,602,472 1,249,977 from operations (3,581,140) (466,961) 503,441 Other income & expense, net ,317 2,000 28,167 Change in fair value of derrivative liabilities (333,618) Interest income (expense), net (268,394) (2,790) 5 Net other income (expense) (576,695) (790) 28,172 Total income (loss) before income taxes ,613 Provision for income tax , (4,157,835) (467,751) 530,013 shares

6 144 MERGENT OTC UNLISTED NEWS February 26, 2016 outstanding-basic ,180,618 26,162,093 10,806,520 shares outstanding-diluted... 43,180,618 26,162,093 18,118,995 outstanding ,999, ,162,093 10,806,520 per common share-basic $(0.10) $(0.02) $0.05 per common share-diluted $(0.10) $(0.02) $0.03 employees Reclassified to conform with presentation; 2 Reclassified to conform with 2014 presentation; 3 Shares increased due to the effect of issuance of common stock to advisory board, investor, convertible debt, consultant, equity financing, and dividend for shareholders and conversion of note payable; 4 Shares increased due to the effect of additional issuances of shares for investor relations and advisory board expenses, common dividends investor, PUT option and equity exchange for assets from Velox Consolidated Balance Sheet, Years Ended Jul. 31 ($): Cash & cash equivalents , ,540 Accounts receivable, gross , Allowance for doubtful accounts Accounts receivable, net , Inventory, gross ,800 71,472 Less: reserve balances ,271 7,352 Inventory, net ,529 64,120 Prepaid expenses & other current assets ,202 9,839 Total current assets , ,989 Furniture & fixtures ,634 27,634 Machinery & equipment ,189 27,540 Software , ,417 Leasehold improvements ,985 5,985 Vehicle , ,278 gross , ,854 Accumulated depreciation , ,291 net ,998 97,563 Deposit ,695 20,695 Intangibles asset, net ,644,906 5,082,375 Total assets ,037,633 5,798,622 Accounts payable , ,240 Accrued interest , Accrued operating expenses ,222 9,257 Employee payroll compensation expense ,600 17,596 Other accrued expenses Accounts payable & accrued liabilities , ,105 Deferred revenue ,056 1,980 Capital lease obligation - current portion , Notes payable - current portion ,688 15,735 Correctable debt net of debt discount - current portion , Derrivative liabilities - current portion , Advance from development partner , Total current liabilities ,618, ,820 Capital lease obligations - net of current portion , Total notes payable ,397 74,713 Less current portion ,688 15,735 Notes payable - net of current portion ,709 58,978 Convertible debt, net of debt discount - net of current portion , Derivative liabilities - net of current portion , Total liabilities ,072, ,798 Convertible redeemable preferred stock, Series B , ,475 Preferred stock, series A ,000 Common stock , ,294 Additional paid in capital ,834,719 16,517,451 (accumulated deficit) (15,580,122) (11,420,396) equity (accumulated deficit) ,702,588 5,316,349 1 Reclassified to conform with presentation AMBICOM HOLDINGS INC The following is an excerpt from the Report of Independent Auditors, Marcum LLP, as it appeared in Co. s 10-K report: "In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of AmbiCom Holdings, Inc. as of July 31,, and the consolidated results of its operations and its cash flows for the year ended July 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 Ű Nature of Business and Management s Plans Regarding Financing of Future Operations, the Company s recurring losses from operations and its need for additional capital 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 1 Ű Nature of Business and Management s Plans Regarding Financing of Future Operations. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty." AMBICOM HOLDINGS INC Earnings, 3 mos. to Oct 31(Consol. $): Total revenues , ,755 Cost & expenses ,050 1,015,814 Operating income (735,615) (913,059) Other income (expense), net , Net income (919,666) (914,001) Primary $(0.13) $(0.34) Fully Diluted $(0.13) $(0.34) Full Diluted ,041,294 2,695,844 Year-end ,100,049 27,542,528 Cash & equivalents ,185 Inventories ,568 Current assets ,615 Net property & equip ,680 Total assets ,808,317 Current liabilities ,192,606 Long-term debt ,871 Stockholders equity ,217,895 Net current assets (1,992,991) AMERICA RESOURCES EXPLORATION INC Earnings, 6 mos. to Sep 30(Consol. $): Cost & expenses ,612 21,261 Operating income , Interest expense Other income (expense), net (448,500) Gains or losses (46,237) Net income (636,057) (21,261) Full Diluted ,218, ,796,720 Year-end ,550, ,400,000 AMERICAN BRIVISION (HOLDING) CORP Acquisition Completed On Feb. 8, 2016, Co. acquired 100% of the issued share capital of American BriVision Corp. ("BriVision") from Euro-Asia Investment & Finance Corp. Ltd. in exchange of 52,936,583 Co. s common shares. As the result, BriVision became a wholly-owned subsidiary of Co. and its shareholders own approximately 79.70% of Co. issued and outstanding common stock. AMERICAN CRYOSTEM CORP Consolidated Income Statement, Years Ended Sept. 30 ($): Revenue - tissue storage ,411 Revenue - product & services ,378 34, Revenue - royalties ,532 86,357 0 Total revenues , ,956 6,411 Cost of revenues ,245 58, Gross profit ,665 62, Professional fees , , ,420 Research & development expenses ,905 Laboratory expenses. 282, , Advertising & promotion expenses.. 57, ,421 20,026 Automobile expenses. 2,505 5,500 7,529 Bad debt expense , Bank fees Business meetings expenses ,054 7,991 11,036 Charitable contributions , Consulting expenses.. 191, , ,402 Depreciation & amortization ,863 40,821 42,539 Dues & subscriptions ,825 5,112 Insurance expenses... 2,290 4,235 2,303 Travel & meals expenses ,660 28,313 48,744 General office expenses ,181 39, Compensation (options) , , Administration expenses ,568 Labor & salaries ,031,879 Rent expenses ,800 31,350 30,000 Postage expenses ,890 14,662 15,384 Telecommunications expenses ,342 9,181 8,123 Utilities ,184 2, Website maintenance. 5,084 1,807 3,339 Total general & expenses ,394,309 1,952,919 2,127,933 from operations (1,154,644) (1,890,022) (2,121,522) Interest income Interest expense , , ,222 before provision (benefit) for income taxes (1,379,480) (2,088,149) (2,399,744) Provision (benefit) for income taxes (1,379,480) (2,088,149) (2,399,744) - basic ,044,333 32,607,073 29,472,803 - diluted ,044,333 32,607,073 29,472,803 outstanding ,890,864 32,890,864 32,285,721 per share - basic..... $(0.04) $(0.06) $(0.08) per share - diluted.... $(0.04) $(0.06) $(0.08) employees