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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Savoy Energy Corp New (CE) | USOTC:SNVP | 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% | 0.000001 | 0.00 | 01:00:00 |
Nevada
|
001-34710
|
26-0429687
|
(State or Other Jurisdiction
|
(Commission File No.)
|
(I.R.S. Employer
|
of Incorporation)
|
Identification No.)
|
2100 West Loop South, Ste. 900, Houston, Texas
|
77027
|
(Address of Principal Executive Offices)
|
(Zip Code)
|
[__]
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
[__]
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
[__]
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
[__]
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
4.02
|
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
|
|
a) Balance sheet
|
LIABILITIES AND STOCKHOLDERS’ DEFICIT
|
||||||||||||||||
CURRENT LIABILITIES
|
||||||||||||||||
Notes payable, net of note discount of $79,130
|
518,000 | 95,500 | 16,370 | 438,870 | ||||||||||||
Derivative liability
|
6,653 | 100,281 | 93,627 | |||||||||||||
Total current liabilities
|
903,781 | 102,153 | 116,651 | 918,279 | ||||||||||||
TOTAL LIABILITIES
|
912,336 | 102,153 | 116,651 | 926,834 | ||||||||||||
STOCKHOLDERS’ DEFICIT
|
||||||||||||||||
Additional paid-in-capital
|
1,797,657 | 0 | 35,000 | 1,832,657 | ||||||||||||
Accumulated deficit
|
(2,699,415 | ) | 56,151 | 6,653 | (2,748,913 | ) | ||||||||||
Total stockholders’ deficit
|
(838,112 | ) | 56,151 | 41,653 | (852,610 | ) | ||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT
|
$ | 74,224 | 158,304 | 158,304 | $ | 74,224 | ||||||||||
As reported
|
Adjustments
|
As adjusted
|
||||||||||||||
General and administrative expense
|
1,252,698 | 35,000 | 1,287,698 | |||||||||||||
Total costs and expenses
|
984,661 | 35,000 | 0 | 1,019,661 | ||||||||||||
Operating loss
|
(928,200 | ) | (35,000 | ) | 0 | (963,200 | ) | |||||||||
OTHER EXPENSES
|
||||||||||||||||
Interest expense
|
(11,385 | ) | (21,151 | ) | 0 | (32,536 | ) | |||||||||
Change in fair value of liability expense
|
6,653 | 6,653 | ||||||||||||||
Total other expenses
|
(189,223 | ) | 56,151 | 6,653 | (203,721 | ) | ||||||||||
Net loss
|
$ | (1,117,423 | ) | 56,151 | 6,653 | (1,170,666 | ) | |||||||||
SAVOY ENERGY CORPORATION
|
|||
DATE: August 31, 2012
|
By:
|
/s/ Arthur Bertagnolli
|
|
Arthur Bertagnolli
|
|||
President and Chief Executive Officer
|
1 Year Savoy Energy (CE) Chart |
1 Month Savoy Energy (CE) Chart |
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