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 | 0.043 | 0.142 | 0.00 | 13:53:56 |
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
|
|
|
4
|
|
|
|
Condensed Balance sheets at June 30, 2016 (unaudited) and December 31, 2015
|
|
|
4
|
|
|
|
Condensed Statements of Operations (unaudited) For the Six Months Ended June 30, 2016 and 2015
|
|
|
5
|
|
|
|
Condensed Statements of Cash Flows (unaudited) For the Six Months Ended June 30, 2016 and 2015
|
|
|
6
|
|
|
|
Notes to Condensed Financial Statements (unaudited), June 30, 2016
|
|
|
7
|
|
Item 2.
|
|
Management's Discussion and Analysis of Financial Condition and Results of Operations
|
|
|
14
|
|
Item 3.
|
|
Quantitative and Qualitative Disclosures About Market Risk
|
|
|
16
|
|
Item 4.
|
|
Controls and Procedures
|
|
|
17
|
|
PART II—OTHER INFORMATION
|
|
|||||
Item 1.
|
|
Legal Proceedings
|
|
|
18
|
|
Item 2.
|
|
Unregistered Sales of Equity Securities and Use of Proceeds
|
|
|
18
|
|
Item 3.
|
|
Default Upon Senior Securities
|
|
|
18
|
|
Item 4
|
|
Submission of Matters to a Vote of Security Shareholders
|
|
|
18
|
|
Item 5.
|
|
Other Information
|
|
|
18
|
|
Item 6.
|
|
Exhibits
|
|
|
18
|
|
Signatures
|
|
|
19
|
|
ASSETS
|
|
|
|
June 30,
|
December 31,
|
|
2016
|
2015
|
|
(Unaudited)
|
|
Current Assets:
|
|
|
Cash and equivalents
|
$
829
|
$
275
|
Total current assets
|
829
|
275
|
|
|
|
Equipment, net
|
-
|
-
|
|
|
|
|
|
|
Total Assets
|
$
829
|
$
275
|
|
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY
|
|
|
|
|
|
Liabilities
|
|
|
Accounts payable and accrued expenses
|
$
272,146
|
$
222,884
|
Loans payable - stockholders
|
35,590
|
28,574
|
Total current liabilities
|
307,736
|
251,458
|
|
|
|
Note payable
|
10,000,000
|
10,000,000
|
|
|
|
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,
|
|
|
24,724,000 and 24,574,000 shares issued and outstanding, respectively
|
2,472
|
2,457
|
Additional paid in capital
|
97,978
|
39,993
|
Common stock to-be-issued
|
20,000
|
20,000
|
Accumulated Deficit
|
(10,427,358
)
|
(10,313,633
)
|
|
(10,306,908
)
|
(10,251,183
)
|
|
|
|
Total Liability and Stockholders' Equity
|
$
828
|
$
275
|
|
2016
|
2015
|
|
|
|
Cash flows from operating activities:
|
|
|
Net loss
|
$
(113,725
)
|
$
(565,453
)
|
Adjustments to reconcile net loss to net cash used
|
|
|
by operating activities:
|
|
|
Common stock issued for services
|
50,000
|
-
|
Depreciation expense
|
-
|
500,000
|
Accounts payable and accrued expenses
|
54,263
|
42,913
|
Stockholder Contribution
|
3,000
|
3,000
|
Net cash used by operating activities
|
(6,462
)
|
(19,540
)
|
|
|
|
Cash flows from financing activities:
|
|
|
Stockholders' loans
|
7,016
|
19,162
|
Net cash provided by financing activities
|
7,016
|
19,162
|
|
|
|
Net decrease in cash
|
554
|
(378
)
|
Cash at beginning of period
|
275
|
2,161
|
Cash at end of period
|
$
829
|
$
1,783
|
|
|
|
Supplemental cash flow information:
|
|
|
Cash paid during the period for:
|
|
|
Interest
|
$
-
|
$
-
|
Income taxes
|
$
-
|
$
-
|
|
|
|
Non-cash transactions:
|
|
|
Common Stock Issued To Settle Accounts Payable
|
$
5,000
|
0
|
Forgiven rent converted to additional paid-in capital
|
$
3,000
|
$
3,000
|
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, 2016
|
December 31, 2015
|
|
|
|
Net operating loss carryforward
|
$
1,721,000
|
$
1,676,000
|
Valuation allowance
|
(1,721,000
)
|
(1,676,000
)
|
Deferred tax asset, net
|
$
-
|
$
-
|
|
|
|
|
|
|
|
June 30, 2016
|
December 31, 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
%
|
|
|
|
Exhibit No.
|
|
Description
|
|
|
|
31.1
|
|
Certification by Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
32.1
|
|
Certification by Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
31.2
|
|
Certification by Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
|
32.2
|
|
Certification by Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
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