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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% | 0.05 | 0.041 | 0.05 | 0.00 | 14:30:00 |
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 asmaller reporting company)
|
|
Smaller reporting company ☒
|
|
|
|
|
|
|
|
|
|
|
|
Page
No.
|
|
|
PART
I - FINANCIAL INFORMATION
|
|
|||||
Item 1.
|
|
Financial
Statements
|
|
|
3
|
|
|
|
Condensed Balance
sheets at March 31, 2017 (unaudited) and December 31,
2016
|
|
|
4
|
|
|
|
Condensed
Statements of Operations (unaudited) For the Three Months Ended
March 31, 2017 and 2016
Condensed
Statements of Cash Flows (unaudited) For the Three Months Ended
March 31, 2017 and 2016
|
|
|
5,
6
|
|
|
|
Notes to Condensed
Financial Statements (unaudited), March 31, 2017
|
|
|
7, 8, 9,
10
|
|
Item 2.
|
|
Management's
Discussion and Analysis of Financial Condition and Results of
Operations
|
|
|
11
|
|
Item 3.
|
|
Quantitative and
Qualitative Disclosures About Market Risk
|
|
|
14
|
|
Item 4.
|
|
Controls and
Procedures
|
|
|
14
|
|
PART
II—OTHER INFORMATION
|
|
|||||
Item 1.
|
|
Legal
Proceedings
|
|
|
16
|
|
Item 2.
|
|
Unregistered Sales
of Equity Securities and Use of Proceeds
|
|
|
16
|
|
Item 3.
|
|
Default Upon Senior
Securities
|
|
|
16
|
|
Item
4.
|
|
Submission of
Matters to a Vote of Security Shareholders
|
|
|
16
|
|
Item
5.
|
|
Other
Information
|
|
|
16
|
|
Item 6.
|
|
Exhibits
|
|
|
18
|
|
Signatures
|
|
|
17
|
|
SIGMABROADBAND
CO.
|
||||
BALANCE
SHEETS
|
||||
March
31, 2017 and December 31, 2016
|
||||
|
|
|
|
|
ASSETS
|
|
|
|
March
31,
|
December
31,
|
|
2017
|
2016
|
|
(Unaudited)
|
|
Current
Assets:
|
|
|
Cash and
equivalents
|
$
176
|
$
167
|
Total current
assets
|
176
|
167
|
|
|
|
Equipment,
net
|
—
|
—
|
|
|
|
Total
assets
|
$
176
|
$
167
|
|
|
|
LIABILITIES AND
STOCKHOLDERS' EQUITY
|
|
|
|
|
|
Liabilities
|
|
|
Accounts payable
and accrued expenses
|
$
326,518
|
$
306,298
|
Loans payable -
stockholders
|
50,371
|
48,667
|
Note payable -
current portion
|
—
|
—
|
Total
current liabilities
|
376,889
|
354,965
|
|
|
|
Note payable - net
of current portion
|
10,376,889
|
10,354,965
|
|
|
|
Commitments and
Contingencies
|
—
|
—
|
|
|
|
Stockholders'
Equity:
|
|
|
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,
|
|
|
24,674,000 and
24,574,000 shares issued and outstanding, respectively
|
2,472
|
2,472
|
Additional paid in
capital
|
66,978
|
65,478
|
Common stock
to-be-issued
|
20,000
|
20,000
|
Accumulated
deficit
|
(10,466,163
)
|
(10,442,748
)
|
|
(10,376,713
)
|
(10,354,798
)
|
Total
Stockholder' Deficit
|
(10,376,713
)
|
(10,354,798
)
|
Total Liabilities
and Stockholders' Equity
|
$
176
|
$
167
|
SIGMABROADBAND
CO.
|
|||||||
STATEMENT
OF OPERATIONS
|
|||||||
FOR
THE THREE MONTHS ENDED MARCH 31 2017 AND 2016
|
|||||||
(Unaudited)
|
|
2017
|
2016
|
|
|
|
Expenses:
|
|
|
Computer and
Internet
|
89
|
30
|
Professional
fees
|
857
|
62,872
|
Rent
|
1,500
|
1,500
|
Storage
|
804
|
723
|
Other
|
165
|
105
|
|
|
|
|
3,415
|
65,230
|
|
|
|
|
|
|
Net
loss before other income, expenses and income taxes
|
(3,415
)
|
(65,230
)
|
|
|
|
|
|
|
Other
expenses
|
|
|
Interest expense,
net
|
(20,000
)
|
(20,000
)
|
|
|
|
|
|
|
Net
loss before income taxes
|
$
(23,415
)
|
$
(85,230
)
|
|
|
|
Provision
for Income taxes
|
-
|
-
|
|
|
|
Net
Loss
|
(23,415
)
|
(85,230
)
|
|
|
|
Basic
and dilutive net loss
|
|
|
per
share
|
$
(0.00
)
|
$
(0.00
)
|
|
|
|
Weighted
average number of common
|
|
|
shares
outstanding, basic and diluted
|
24,724,000
|
24,595,501
|
SIGMABROADBAND
CO.
|
||||||||
STATEMENTS
OF CASHFLOW
|
||||||||
FOR
THE THREE MONTHS ENDED MARCH 31, 2017 AND 2016
|
||||||||
|
||||||||
|
|
|
|
|
|
March
31, 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
|
-
|
-
|
|
March
31, 2017
|
December
31, 2016
|
Net
operating loss carryforward
|
1,741,000
|
1,732,000
|
Valuation
allowance
|
(1,741,000
)
|
(1,732,000
)
|
Deferred
tax asset, net
|
-
|
-
|
|
March
31, 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.
|
|
|
|
|
|
|
November 2,
2017
|
By:
|
/s/ Jeffery A. Brown
|
|
|
|
|
|
|
|
President,
Secretary, Principal Executive Officer
and
Director
|
|
Exhibit
No.
|
|
Description
|
|
|
|
|
Certification by
Chief Executive Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002
|
|
|
Certification by
Chief Executive Officer pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002
|
|
|
|
|
1 Year SigmaBroadband (PK) Chart |
1 Month SigmaBroadband (PK) Chart |
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