We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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)
|
PART
I
|
|
|
Item
1.
|
Business
|
1
|
Item
1A.
|
Risk
Factors
|
6
|
Item
1B.
|
Unresolved Staff
Comments
|
6
|
Item
2.
|
Properties
|
6
|
Item
3.
|
Legal
Proceedings
|
6 |
Item
4.
|
Submission of
Matters to a Vote of Security Holders
|
7
|
PART
II
|
|
|
Item
5.
|
Market
for Registrant's Common Equity, Related Stockholder Matters, and
Issuer Purchases of Equity Securities
|
7
|
Item
6.
|
Selected Financial
Data
|
7
|
Item
7.
|
Management‟s
Discussion and Analysis of Financial Condition and Results of
Operations
|
9
|
Item
7A.
|
Quantitative and
Qualitative Disclosures about Market Risk
|
12
|
Item
8.
|
Financial
Statements and Supplementary Data
|
13
|
Item
9.
|
Changes
in and Disagreements with Accountants on Accounting and Financial
Disclosure
|
14
|
Item
9A.
|
Controls and
Procedures
|
14
|
Item
9B.
|
Other
Information
|
15
|
PART
III
|
|
|
Item
10.
|
Directors,
Executive Officers and Corporate Governance
|
15
|
Item
11.
|
Executive
Compensation
|
18
|
Item
12.
|
Security Ownership
of Certain Beneficial Owners and Management and Related Stockholder
Matters
|
19
|
Item
13.
|
Certain
Relationships and Related Transactions, and Director
Independence
|
19
|
Item
14.
|
Principal
Accounting Fees and Services
|
20
|
PART
IV
|
|
|
Item
15.
|
Exhibits and
Financial Statement Schedules
|
20
|
|
Signatures
|
21
|
|
Fiscal
Year
|
|||
|
|
|
||
|
High
|
Low
|
High
|
Low
|
First
quarter
|
$
0.13
|
0.05
|
$
-
|
$
-
|
Second
quarter
|
0.09
|
0.05
|
0.52
|
0.48
|
Third
quarter
|
0.06
|
0.06
|
0.44
|
0.40
|
Fourth
quarter
|
0.06
|
0.06
|
0.36
|
0.32
|
|
December
31,
|
December
31,
|
ASSETS
|
2016
|
2015
|
Cash
|
$
167
|
$
275
|
Total
Assets
|
$
167
|
$
275
|
|
|
|
LIABILITIES AND
STOCKHOLDERS‟ EQUITY
|
|
|
Accounts Payable
and Accrued Expenses
|
$
306,298
|
$
222,884
|
Loan Payable
Shareholder
|
$
48,667
|
$
251,458
|
Note Payable
– Net of Current Portion
|
$
10,000,000
|
$
10,000,000
|
|
|
|
STOCKHOLDERS’
DEFICIT
|
|
|
|
|
|
Common stock:
$.0001 par value, 500,000,000 shares
authorized
24,724,000 shares and 24,574,000 shares issued and outstanding, as
of December 31, 2016 and 2015, respectively
|
$
2,472
|
$
2,457
|
Additional
paid-in-capital
|
$
65,478
|
$
39,993
|
Common stock
to-be-issued
|
20,000
|
20,000
|
Deficit
|
$
-10,442,748
|
$
-10,313,663
|
|
|
|
Total
stockholders’ deficit
|
$
-10,354,798
|
$
-10,251,183
|
|
|
|
Total liabilities
and stockholders’ deficit
|
$
167
|
$
275
|
For
the Years Ended December 31, 2016 and 2015
|
||
|
2016
|
2015
|
Revenues
|
$
0
|
$
0
|
|
|
|
Operating
Expenses
|
$
47,615
|
$
1,041,643
|
Loss on Impairment
of Equipment
|
$
0
|
$
8,000,000
|
Interest
Expense
|
$
80,000
|
$
80,000
|
|
|
|
Net
Loss
|
$
(129,115
)
|
$
(9,121,643
)
|
|
|
|
Weighted average
number of shares of common stock outstanding
|
24,688,521
|
24,576,000
|
Cash and cash
equivalents
|
$
167
|
Total
assets
|
$
167
|
Total
liabilities
|
$
10,354,965
|
Accumulated
Deficit
|
$
10,442,748
|
Financial
Statements:
|
|
Reports
of Independent Registered Public Accounting Firm
|
F-1
|
Balance
Sheets
|
F-2
|
Statements of
Operations
|
F-3
|
Statements of
Changes in Stockholders' Deficit
|
F-4
|
Statements of Cash
Flows
|
F-5
|
Notes to Financial
Statements
|
F-6
|
Fruci
& Associates ll, PLLC
|
|
Spokane,
WA
May 5,
2017
|
|
|
December
31,
|
December
31,
|
|
2016
|
2015
|
|
|
|
ASSETS
|
|
|
Current
assets
|
|
|
Cash and
equivalents
|
$
167
|
$
275
|
Total current
assets
|
167
|
275
|
|
|
|
Total
assets
|
$
167
|
$
275
|
|
|
|
LIABILITIES
AND STOCKHOLDERS' DEFICIT
|
|
|
Current
liabilities
|
|
|
Accounts payable
and accrued expenses
|
$
306,298
|
$
222,884
|
Loan Payable -
stockholder
|
48,667
|
28,574
|
Total current
liabilities
|
354,965
|
251,458
|
|
|
|
Note
Payable
|
10,000,000
|
10,000,000
|
Total
liabilities
|
10,354,965
|
10,251,458
|
|
|
|
Commitments and
Contingencies
|
-
|
-
|
|
|
|
Stockholders'
(deficit)
|
|
|
Seris A 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,
|
|
|
24,724,000 and
24,574,000 shares issued and outstanding, respectively
|
2,472
|
2,457
|
Additional paid-in
capital
|
65,478
|
39,993
|
Common stock to be
issued
|
20,000
|
20,000
|
Accumulated
deficit
|
(10,442,748
)
|
(10,313,633
)
|
|
(10,354,798
)
|
(10,251,183
)
|
|
|
|
|
|
|
Total
stockholders' deficit
|
(10,354,798
)
|
(10,251,183
)
|
|
|
|
Total
liabilities and stockholders' deficit
|
$
167
|
$
275
|
|
2016
|
2015
|
|
|
|
Expenses:
|
|
|
Advertising and
promotion
|
-
|
4,071
|
Computer and
Internet
|
59
|
239
|
Depreciation
|
-
|
1,000,000
|
Professional
fees
|
34,916
|
13,797
|
Rent
|
6,000
|
6,000
|
Storage
|
3,081
|
2,780
|
Travel
|
197
|
1,023
|
Other
|
3,362
|
13,733
|
|
|
|
|
47,615
|
1,041,643
|
|
|
|
|
|
|
Net
loss before other income, expenses and income taxes
|
(47,615
)
|
(1,041,643
)
|
|
|
|
|
|
|
Other
expenses
|
|
|
Loss on impairment
of equipment
|
-
|
(8,000,000
)
|
Interest expense,
net
|
(80,000
)
|
(80,000
)
|
Loss on settlement
of debt
|
(1,500
)
|
-
|
|
|
|
|
|
|
Net
loss before income taxes
|
$
(129,115
)
|
$
(9,121,643
)
|
|
|
|
Provision
for Income taxes
|
-
|
-
|
|
|
|
Net
Loss
|
(129,115
)
|
(9,121,643
)
|
|
|
|
Basic
and dilutive net loss
|
|
|
per
share
|
$
(0.01
)
|
$
(0.37
)
|
|
|
|
Weighted
average number of common
|
|
|
shares
outstanding, basic and diluted
|
24,688,521
|
24,576,000
|
SIGMABROADBAND
CO.
|
||||||||||||||
STATEMENT
OF SHAREHOLDER DEFICIT
|
||||||||||||||
FOR
THE YEARS ENDED DECEMBER 31 2016 AND 2015
|
|
|
|
|
|
Additional
|
|
|
Common
Stock
|
|
|
|
Common Stock
|
Preferred Class A
|
Paid-In
|
Treasury Stock
|
To Be Issued
|
|
|
|||
|
Shares
|
Amount
|
Shares
|
Amount
|
Capital
|
Shares
|
Amount
|
Amount
|
Deficit
|
Total
|
Balance at - January 1, 2015
|
24,576,000
|
$
2,458
|
0
|
$
0
|
$
34,992
|
$
2,000
|
$
(1,000
)
|
$
20,000
|
$
(1,191,990
)
|
(1,135,540
)
|
|
|
|
|
|
|
|
|
|
|
|
Contribution
to additional paid in capital
|
|
|
|
|
6,000
|
|
|
|
|
6,000
|
|
|
|
|
|
|
|
|
|
|
|
Retirement
of treasury shares
|
(2,000
)
|
(1
)
|
|
|
(999
)
|
(2,000
)
|
1,000
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss
|
|
|
|
|
|
|
|
|
(9,121,643
)
|
(9,121,643
)
|
|
|
|
|
|
|
|
|
|
|
|
Balance - December 31, 2015
|
24,574,000
|
$
2,457
|
0
|
$
0
|
$
39,993
|
0
|
$
0
|
$
20,000
|
$
(10,313,633
)
|
$
(10,251,183
)
|
|
|
|
|
|
|
|
|
|
|
|
Contribution
to additional paid in capital
|
|
|
|
|
6,000
|
|
|
|
|
6,000
|
|
|
|
|
|
|
|
|
|
|
|
Common
stock issued for services
|
150,000
|
15
|
|
|
19,485
|
|
|
0
|
|
19,500
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss
|
|
|
|
|
|
|
|
|
(129,115
)
|
(129,115
)
|
|
|
|
|
|
|
|
|
|
|
|
Balance - December 31, 2016
|
24,724,000
|
$
2,472
|
0
|
$
0
|
$
65,478
|
0
|
$
0
|
$
20,000
|
$
(10,442,748
)
|
$
(10,354,798
)
|
SIGMABROADBAND
CO.
|
||
STATEMENTS
OF CASHFLOW
|
||
FOR
THE YEARS ENDED DECEMBER 31 2016 AND 2015
|
||
|
|
|
|
2016
|
2015
|
Cash
flows from operating activities:
|
|
|
Net
Loss
|
$
(129,115
)
|
$
(9,121,643
)
|
Adjustments
to reconcile net loss to
|
|
|
net cash used
in operating activities:
|
|
|
Common stock
issued for services
|
13,000
|
-
|
Loss on
settlement of debt
|
1,500
|
-
|
Loss on
inpairment of equipment
|
-
|
8,000,000
|
Depreciation
expense
|
-
|
1,000,000
|
Accounts
payable and accrued expenses
|
88,414
|
88,739
|
Stockholder
contribution of rent expense
|
6,000
|
6,000
|
Net cash used
in operating activities
|
(20,201
)
|
(26,904
)
|
|
|
|
Cash
flows from financing activities:
|
|
|
Stockholder's
loan
|
20,093
|
25,018
|
Net cash
provided by financing activities
|
20,093
|
25,018
|
|
|
|
Net
increase / decrease in cash
|
(108
)
|
(1,886
)
|
Cash,
beginning of the period
|
275
|
2,161
|
|
|
|
Cash,
end of the period
|
$
167
|
$
275
|
|
|
|
Supplemental
cash flow disclosure:
|
|
|
Interest
paid
|
$
-
|
$
-
|
Income taxes
paid
|
$
-
|
$
-
|
|
|
|
Supplemental
disclosure of non-cash transactions:
|
|
|
|
|
|
Forgiven rent
convertible to additional paid in capital
|
$
6,000
|
$
6,000
|
Common stock
issued for accounts payable
|
$
5,000
|
$
-
|
|
December 31,
2016
|
December 31,
2015
|
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
|
-
|
-
|
|
2016
|
2015
|
Net
operating loss carry-forward
|
1,732,000
|
1,676,000
|
Valuation
allowance
|
(1,732,000)
|
(1,676,000)
|
Deferred tax asset,
net
|
-
|
-
|
|
2016
|
2015
|
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%
|
|
Pertain
to the maintenance of records that in reasonable detail accurately
and fairly reflect the transactions and dispositions
of the
assets of the Company;
|
|
Provide
reasonable assurance that transactions are recorded as necessary to
permit preparation of financial statements in accordance with
generally accepted accounting principles, and that receipts and
expenditures of the Company are being made only in accordance with
authorizations of management and directors of the Company;
and
|
|
Provide
reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of the Company’s
assets that could have a material effect on the financial
statements.
|
Name
|
Age
|
Office
|
Since
|
Jeffery
A. Brown
|
51
|
President, Chief
Technology Officer, Director
|
2012
|
Kelvin
D. Smith
|
63
|
Chief
Executive Officer, Chief Operating Officer
|
2012
|
Timothy
D. Valley
|
49
|
Chief
Financial Officer
|
2012
|
Name and Principal Position
|
Year
|
Salary ($)
|
Bonus
($)
|
Stock Awards($)
|
|
Non-Equity Incentive Plan Compensation
($)
|
Change in Pension Value and Nonqualified Deferred Compensation
Earnings
($)
|
All Other Compensation
($)
|
Total ($)
|
Jeffery A.
Brown
|
2016
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Kelvin D
Smith
|
2016
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Timothy D.
Valley
|
2016
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Name and Principal Position
|
Year
|
Salary ($)
|
Bonus ($)
|
Stock Awards ($)
|
Option Awards ($)
|
Non-Equity Incentive Plan Compensation ($)
|
Change in Pension Value and Nonqualified Deferred Compensation
Earnings
($)
|
All Other Compensation ($)
|
Total ($)
|
Jeffery
A. Brown
|
2015
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Kelvin
D Smith
|
2015
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Timothy
D. Valley
|
2015
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
Title of
class
|
Name of beneficial
owner
|
Amount
of
Beneficial
ownership
|
Percent of
class
|
Common
|
Jeffery A.
Brown
|
2,500,000
(1)
|
10
%
|
Common
|
Cassandra L.
Brown
|
2,500,000
(1)
|
10
%
|
Common
|
Jasmine P.
Brown
|
2,500,000
(1)
|
10
%
|
Common
|
Shanice C.
Brown
|
2,500,000
(1)
|
10
%
|
Common
|
Kelvin D.
Smith
|
1,000,000
|
4
%
|
Common
|
Officers/Directors
a Group
|
11,000,000
|
44
%
|
●
|
The
Officers and Directors;
|
●
|
Any
person proposed as a nominee for election as a
director;
|
●
|
Any
person who beneficially owns, directly or indirectly, shares
carrying more than 5% of the voting rights attached to the
outstanding shares of common stock;
|
●
|
Any
relative or spouse of any of the foregoing persons who have the
same house as such person.
|
(a)
|
Exhibits
|
Exhibit
No.
|
Description
|
3.1
|
Articles of
Incorporation, as currently in effect*
|
3.2
|
Bylaws
as currently in effect*
|
4.1
|
Specimen common
stock certificate*
|
31.1
|
302
Certifications – (filed herewith)
|
32.1
|
906
Certifications – (filed herewith)
|
31.2
32.2
|
302
Certifications – (filed herewith)
906
Certifications – (filed herewith)
|
|
SIGMABROADBAND
CO.
|
|
|
|
|
|
|
May 5,
2017
|
By:
|
/s/
Jeffery A.
Brown
|
|
|
|
Jeffery
A. Brown
|
|
|
|
President,
Secretary, Principal Executive Officer, and Director
|
|
|
|
|
|
May 5,
2017
|
By:
|
/s/
Timothy D.
Valley
|
|
|
|
Timothy
D. Valley
|
|
|
|
Chief Financial
Officer and Principal Accounting Officer
|
|
1 Year SigmaBroadband (PK) Chart |
1 Month SigmaBroadband (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions