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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Enviro Technologies US Inc (QB) | USOTC:EVTN | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.045 | 0.035 | 0.05 | 0.00 | 01:00:00 |
IDAHO
|
|
82-0266517
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(State or other jurisdiction of
|
|
(I.R.S. Employer
|
incorporation or organization)
|
|
Identification No.)
|
INDEX
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Page
|
|
|
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PART I. CONSOLIDATED FINANCIAL INFORMATION
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3
|
|
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Item 1. Financial Statements.
|
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3
|
|
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Condensed Consolidated Balance Sheets
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3
|
|
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Condensed Consolidated Statements of Operations
|
|
4
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|
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Condensed Consolidated Statements of Changes in Shareholders' Deficit
|
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5
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|
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Condensed Consolidated Statements of Cash Flows
|
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6
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|
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Notes to Condensed Consolidated Financial Statements
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7
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|
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Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
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13
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|
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Item 3. Quantitative and Qualitative Disclosures About Market Risk
|
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15
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|
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Item 4. Controls and Procedures
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15
|
|
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PART II. OTHER INFORMATION
|
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17
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|
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Item 1. Legal Proceedings
|
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17
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|
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Item 1A. Risk Factors
|
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17
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|
|
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Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
|
|
17
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|
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Item 3. Defaults Upon Senior Securities
|
|
17
|
|
|
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Item 4. Mine Safety Disclosure
|
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17
|
|
|
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Item 5. Other Information
|
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17
|
|
|
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Item 6. Exhibits
|
|
17
|
|
|
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Signatures
|
|
18
|
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Three Months Ended
September 30, |
|
|
Nine Months Ended
September 30, |
||||||
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|
2016
|
|
|
2015
|
|
|
2016
|
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues, net
|
$
|
377,888
|
$ |
59,972
|
$ |
441,378
|
$ |
613,846
|
|||
|
|
||||||||||
Cost of goods sold
|
|
25,763
|
7,969
|
37,086
|
155,603
|
||||||
|
|
||||||||||
Gross profit (loss)
|
|
352,125
|
52,003
|
404,292
|
458,243
|
||||||
|
|
||||||||||
Costs and expenses:
|
|
||||||||||
General and administrative
|
|
291,144
|
222,691
|
684,758
|
702,408
|
||||||
|
|
||||||||||
Total costs and expenses
|
|
291,144
|
222,691
|
684,758
|
702,408
|
||||||
|
|
||||||||||
Income (loss) from operations
|
|
60,981
|
(170,688)
|
(280,466)
|
(244,165)
|
||||||
|
|
||||||||||
Other income (expenses):
|
|
||||||||||
Loss on transfer of leased assets
|
|
(91,400)
|
|||||||||
|
|
||||||||||
Interest expense
|
|
(7,427)
|
(5,452)
|
(16,847)
|
(14,503)
|
||||||
|
|
||||||||||
Total other expense
|
|
(7,427)
|
(5,452)
|
(108,247)
|
(14,503)
|
||||||
|
|
||||||||||
Net income / (loss) before provisions for income taxes
|
|
53,554
|
(176,140)
|
(388,713)
|
(258,668)
|
||||||
Provisions for income taxes
|
|
-
|
-
|
-
|
-
|
||||||
NET INCOME / (LOSS)
|
$
|
53,554
|
$ |
(325,772)
|
$ |
(388,713)
|
$ |
(258,668)
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of common shares outstanding -
basic and diluted
|
|
33,464,497
|
|
|
33,464,497
|
|
|
33,464,497
|
|
|
33,464,497
|
Income / (loss) per common share - basic and diluted
|
$
|
0.00
|
$ |
(0.01)
|
$ |
(0.01)
|
$ |
(0.01)
|
|
Common Stock
|
|
Additional
Paid-in |
|
|
Accumulated
|
|
|
|
||||||
|
|
Shares
|
|
Amount
|
|
Capital
|
|
|
Deficit
|
|
Total
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance - December 31, 2015
|
|
33,464,497
|
|
$
|
33,465
|
|
$
|
14,947,209
|
|
|
$
|
(16,523,671)
|
|
$
|
(1,542,997)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
-
|
|
|
-
|
|
|
-
|
|
|
|
(388,713)
|
|
|
(388,713)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance - September 30, 2016
|
|
33,464,497
|
|
$
|
33,465
|
|
$
|
14,947,209
|
|
|
$
|
(16,912,384))
|
|
$
|
(1,931,710)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30,
|
|||
|
|
2016
|
|
|
2015
|
|
|
|
|
|
|
Cash Flows From Operating Activities:
|
|
|
|
|
|
Net loss
|
$
|
(388,713)
|
$
|
(258,668)
|
|
Adjustments to reconcile net loss to net
|
|
||||
cash provided by operating activities:
|
|
||||
Depreciation
|
|
16,527
|
16,744
|
||
Stock option expense
|
|
-
|
995
|
||
Changes in assets and liabilities:
|
|
||||
Accounts receivable
|
|
81,107
|
(16,578)
|
||
Inventory
|
|
16,677
|
42,154
|
||
Prepaid expense
|
|
-
|
|||
Accounts payable, accrued expenses and deposits
|
|
277,453
|
185,963
|
||
|
|
|
|
|
|
Net cash provided by operating activities
|
|
3,051
|
(29,390)
|
||
|
|
|
|
|
|
Cash Flows From Investing Activities:
|
|
-
|
|
|
-
|
|
|
|
|
|
|
Cash Flows From Financing Activities:
|
|
-
|
|
|
-
|
|
|
|
|
|
|
Net increase in cash and cash equivalents
|
|
3,051
|
(29,390)
|
||
|
|
||||
Cash and cash equivalents, beginning of period
|
|
73,713
|
182,916
|
||
|
|
||||
Cash and cash equivalents, end of period
|
$
|
76,764
|
$ |
153,526
|
|
|
|
||||
Supplemental Disclosures
|
|
||||
|
|
||||
Cash paid during the period for interest
|
$
|
17,136
|
$ |
14,503
|
|
Cash paid during the period for taxes
|
$
|
-
|
|
$
|
-
|
|
September 30, 2016
|
|
December 31, 2015
|
||
Raw materials
|
$
|
64,120
|
|
$
|
89,771
|
Work in process
|
|
15,438
|
|
|
6,464
|
Finished goods
|
|
|
|
-
|
|
Total
|
$
|
79,558
|
|
$
|
96,235
|
Exercise
Price
|
Number Outstanding at
September 30, 2016
|
Weighted Average Remaining Contractual Life
|
Weighted Average
Exercise Price
|
Number
Exercisable at
September 30, 2016
|
Weighted Average
Exercise Price
|
0.01
|
13,465,000
|
7.25
|
0.01
|
13,465,000
|
0.01
|
Total
|
13,465,000
|
-
|
-
|
13,465,000
|
-
|
Exercise
Price |
Number
Outstanding December 31, 2015 |
Weighted Average
Remaining Contractual Life |
Weighted
Average Exercise Price |
Number
Exercisable at December 31, 2015 |
Weighted
Average Exercise Price |
|
$0.01
|
13,465,000
|
8.0
|
|
0.01
|
13,465,000
|
$0.01
|
Total
|
13,465,000
|
-
|
|
-
|
13,465,000
|
|
Item 4.
|
Controls and Procedures
|
31.1 | Form 302 Certification of Chief Executive Officer |
31.2 | Form 302 Certification of Principal Financial Officer |
32.1 | Form 906 Certification of Chief Executive Officer and Principal Financial Officer |
101.INS | XBRL Instance Document* |
101.SCH | XBRL Taxonomy Extension Schema Document* |
101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document* |
101.DEF | XBRL Taxonomy Extension Definition Linkbase Document* |
101.LAB | XBRL Taxonomy Extension Label Linkbase Document* |
101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document* |
1 Year Enviro Technologies US (QB) Chart |
1 Month Enviro Technologies US (QB) Chart |
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