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Share Name | Share Symbol | Market | Type |
---|---|---|---|
SigmaBroadband Company (PK) | USOTC:SGRB | 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% | 0.042 | 0.042 | 0.042 | 0.00 | 01:00:00 |
GEORGIA
|
4899
|
46-1289228
|
|
(State or other jurisdiction of organization)
|
(Primary Standard Industrial Classification Code)
|
(Tax Identification
Number)
|
|
|
|
|
|
2690
Cobb Parkway
Suite
A5-284
Smyrna,
Georgia 30080
Tel:
(800) 545-0010
(Address and telephone number of registrant's executive
office)
|
2690
Cobb Parkway
Suite
A5-284
Smyrna,
Georgia 30080
Tel:
(800) 545-0010
(Name, address and telephone number of agent for
service)
|
Large accelerated filer
|
☐
|
Accelerated filer
|
☐
|
Non-accelerated
filer
|
☐ (Do not
check if a smaller reporting company)
|
Smaller reporting company
|
☒
|
|
|
Emerging growth
company
|
☒
|
|
|
|
|
|
|
|
|
|
|
|
Page
No.
|
|
|
|
|
|||||
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4
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5
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6
7
|
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8
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12
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15
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15
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|||||
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16
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16
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16
|
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16
|
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16
|
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||
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16
|
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|
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17
|
|
S
IGMABROADBAND CO.
|
||
BALANCE
SHEETS
|
||
June
30, 2017 and December 31, 2016
|
||
|
||
|
June
30,
|
December
31,
|
|
2017
|
2016
|
|
(Unaudited)
|
|
ASSETS
|
|
|
Current
assets
|
|
|
Cash and
equivalents
|
$
354
|
$
167
|
Total current
assets
|
354
|
167
|
|
|
|
Total
assets
|
$
354
|
$
167
|
|
|
|
LIABILITIES
AND STOCKHOLDERS' DEFICIT
|
|
|
Current
liabilities
|
|
|
Accrued
expenses
|
$
350,498
|
$
306,298
|
Loan Payable -
stockholder
|
53,014
|
48,667
|
Total current
liabilities
|
403,512
|
354,965
|
|
|
|
Note
Payable
|
10,000,000
|
10,000,000
|
Total
liabilities
|
10,403,512
|
10,354,965
|
|
|
|
Commitments and
Contingencies
|
-
|
-
|
|
|
|
Stockholders'
(deficit)
|
|
|
Preferred stock, no
par value, 10,000,000 shares authorized, no shares issued
and
|
|
|
outstanding
|
-
|
-
|
Common stock,
$0.0001 par value; 500,000,000 shares authorized,
|
|
|
247,240 and 247,240
shares issued and outstanding, respectively*
|
25
|
25
|
Additional paid-in
capital
|
70,925
|
67,925
|
Common stock to be
issued
|
20,000
|
20,000
|
Accumulated
deficit
|
(10,494,108
)
|
(10,442,748
)
|
|
(10,403,158
)
|
(10,354,798
)
|
|
|
|
|
|
|
Total
stockholders' deficit
|
(10,403,158
)
|
(10,354,798
)
|
|
|
|
Total
liabilities and stockholders' deficit
|
$
354
|
$
167
|
|
|
|
*Share
amounts have been retroactively adjusted to reflect the decreased
number of shares resulting from a reverse stock split
|
||
|
|
|
The
accompanying notes are an integral part of these condensed
unaudited financial statements.
|
SIGMABROADBAND
CO.
|
||||
S
tatements of Operations
|
||||
FOR
THE THREE AND SIX MONTHS ENDED JUNE 30 2017 AND 2016
|
||||
(Unaudited)
|
||||
|
|
|
|
|
|
Three Months Ended
June 30,
|
Six
Months Ended June 30,
|
||
|
2017
|
2016
|
2017
|
2016
|
|
|
|
|
|
Expenses:
|
|
|
|
|
Computer and
Internet
|
30
|
29
|
119
|
59
|
Professional
fees
|
5,037
|
5,355
|
5,894
|
68,227
|
Rent
|
1,500
|
1,500
|
3,000
|
3,000
|
Storage
|
828
|
750
|
1,632
|
1,473
|
Travel
|
386
|
197
|
386
|
197
|
Other
|
165
|
664
|
329
|
769
|
|
|
|
|
|
|
7,946
|
8,495
|
11,360
|
73,725
|
|
|
|
|
|
|
|
|
|
|
Net
loss before other income, expenses and income taxes
|
(7,946
)
|
(8,495
)
|
(11,360
)
|
(73,725
)
|
|
|
|
|
|
|
|
|
|
|
Other
expenses
|
|
|
|
|
Interest expense,
net
|
(20,000
)
|
(20,000
)
|
(40,000
)
|
(40,000
)
|
|
|
|
|
|
|
|
|
|
|
Net
loss before income taxes
|
$
(27,946
)
|
$
(28,495
)
|
$
(51,360
)
|
$
(113,725
)
|
|
|
|
|
|
Provision
for Income taxes
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Net
Loss
|
(27,946
)
|
(28,495
)
|
(51,360
)
|
(113,725
)
|
|
|
|
|
|
Basic
and dilutive net loss
|
|
|
|
|
per
share
|
$
(0.11
)
|
$
(0.12
)
|
$
(0.21
)
|
$
(0.46
)
|
|
|
|
|
|
Weighted
average number of common
|
|
|
|
|
shares
outstanding, basic and diluted
|
247,240
|
247,053
|
247,240
|
246,844
|
*Share
amounts have been retroactively adjusted to reflect the decreased
number of shares resulting from a reverse stock split
|
||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The
accompanying notes are an integral part of these condensed
unaudited financial statements.
|
|
|
|
|
SIGMABROADBAND
CO.
|
||
S
TATEMENTS OF CASHFLOW
|
||
FOR
THE SIX MONTHS ENDED JUNE 30, 2017 AND 2016
|
||
(Unaudited)
|
||
|
2017
|
2016
|
Cash
flows from operating activities:
|
|
|
Net
Loss
|
$
(51,360
)
|
$
(113,725
)
|
Adjustments
to reconcile net loss to
|
|
|
net cash used
in operating activities:
|
|
|
Common stock
issued for services
|
-
|
50,000
|
Accounts
payable and accrued expenses
|
44,200
|
54,263
|
Stockholder
contribution of rent expense
|
3,000
|
3,000
|
Net cash used
in operating activities
|
(4,160
)
|
(6,462
)
|
|
|
|
Cash
flows from financing activities:
|
|
|
Stockholder's
loan
|
4,347
|
7,016
|
Net cash
provided by financing activities
|
4,347
|
7,016
|
|
|
|
Net
increase / decrease in cash
|
187
|
554
|
Cash,
beginning of the period
|
167
|
275
|
|
|
|
Cash,
end of the period
|
$
354
|
$
829
|
|
|
|
Supplemental
cash flow disclosure:
|
|
|
Interest
paid
|
$
-
|
$
-
|
Income taxes
paid
|
$
-
|
$
-
|
|
|
|
Supplemental
disclosure of non-cash transactions:
|
|
|
|
|
|
Forgiven rent
convertible to additional paid in capital
|
$
3,000
|
$
3,000
|
Common stock
to be issued for services
|
$
-
|
$
5,000
|
The
accompanying notes are an integral part of these condensed
unaudited financial statements.
|
|
June
30, 2017
|
December
31, 2016
|
Telecommunications
equipment
|
10,000,000
|
10,000,000
|
Less:
accumulated depreciation
|
2,000,000
|
2,000,000
|
Less:
impairment
|
8,000,000
|
8,000,000
|
Total
|
-
|
-
|
|
June
30, 2017
|
December
31, 2016
|
Net
operating loss carryforward
|
1,773,000
|
1,732,000
|
Valuation
allowance
|
(1,773,000
)
|
(1,732,000
)
|
Deferred
tax asset, net
|
-
|
-
|
|
June
30, 2017
|
December
31, 2016
|
Statutory
federal income tax rate
|
34
%
|
34
%
|
State
income taxes, net of federal taxes
|
6
%
|
6
%
|
Valuation
allowance
|
(40
%)
|
(40
%)
|
Effective
income tax rate
|
0
%
|
0
%
|
|
SIGMABROADBAND
CO.
|
|
|
|
|
|
|
September 25,
2017
|
By:
|
/s/
Jeffery A. Brown
|
|
|
|
Jeffery A. Brown |
|
|
|
President,
Secretary, Principal Executive Officer,
|
|
|
|
and
Director
|
|
1 Year SigmaBroadband (PK) Chart |
1 Month SigmaBroadband (PK) Chart |
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