Hedging stocks put options 77566
Commission File Number Exact name of registrant as specified in its charter. New York, NY Address of principal executive offices. Indicate by check mark whether the issuer 1 filed all reports required to be filed by Section 13 or 15 d of the Securities Exchange Act of during the preceding 12 months or for such shorter period put the registrant was required to file such reportsand 2 has been subject to such filing requirements for the past 90 days. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a 77566 filer, or a smaller reporting company. Indicate by check mark whether the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act. Special Note Regarding Forward-Looking Statements. Information included in this Form Stocks contains forward-looking statements. This information may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of CodeSmart Holdings, Inc. These forward-looking statements are based on assumptions that may be incorrect, and there can be no assurance that the projections included in these forward-looking statements will come to pass. Except as required by applicable laws, the Company has no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. The accompanying notes are an integral part of these condensed consolidated financial statements. Consolidated Statements of Operations. Fka First Independence Corp. Notes to Condensed Consolidated Financial Statements. Note 1 Nature of Operations. On May 3,the Company and the stockholders of Stocks CodeSmart Group, Inc. As a result of the Share Exchange Transaction, CodeSmart NV became a subsidiary of the Company. The Share Exchange Transaction was treated as a reverse acquisition for accounting purposes, with CodeSmart NV as the acquirer and the Company as the acquired party. Unless the context suggests 77566, references in this report to business and financial information for periods prior to the consummation of the reverse acquisition refer to the business and financial information of CodeSmart NV and its predecessors. Upon completion of the Share Exchange Transaction, the Company changed its name from First Independence Corp. The OTC QB market tier of the OTC market helps investors identify companies that are current in their reporting obligations with the SEC. OTC QB securities are quoted on OTC Markets Group's quotation and trading system. In addition, on July 11,CodeSmart NV entered into an Assignment Agreement with IAS, whereby IAS agreed to transfer to CodeSmart NV its remaining assets, including but not limited to IAS's rights in any agreements to which it is a party. On August 20,the Company and Marc Kovens, who owned the As a result of the Share Exchange Transaction, CodeSmart NV became a wholly-owned subsidiary of the Company and a non-controlling interest in CodeSmart NV is no longer presented. The Company was originally formed to private label pourable food products for start-ups, local and national supermarket chains and specialty stores. Since the acquisitions of CodeSmart NV and ACQA, the Company has changed its business direction and is currently engaged in providing training, consulting and other relevant services for ICD preparation, education and implementation. ICD is the 10th revision of the International Statistical Classification of Diseases and Related Health Problems, a medical classification list by the World Health Organization. Inthe United States Department of Health and Human Services mandated the transition from ICD-9, the existing coding system, to ICD, effective October 1, The implementation date has since been delayed numerous times and is now scheduled to take effect on October 1, Note 2 Summary of Significant Accounting Policies. We prepare our consolidated put statements in conformity with accounting principles generally accepted in the United States of America. These principles require management to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, together with amounts disclosed in the related notes to the financial statements. Significant estimates, judgments and assumptions used in these financial statements include, but are not limited to, those related to revenues, accounts receivable and related allowances, contingencies, useful lives and recovery of long-term assets, income taxes, and the fair value of stock-based compensation and derivative financial instrument liabilities. These estimates, judgments, and assumptions are reviewed periodically and the effects of material revisions in estimates are reflected in the consolidated financial statements prospectively from the date of the change in estimate. Although management believes that the disclosures in these consolidated financial statements are adequate to make the information presented not misleading, certain information and footnote disclosures normally included in financial statements that have been prepared in accordance with accounting principles generally accepted in the United States of America have been condensed 77566 omitted pursuant to the rules and regulations of the Securities and Exchange Commission. The results of operations for the three months ended and six 77566 June 30, are not necessarily indicative of the results that may be expected for the full year ended December 31, Our consolidated financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. We have incurred losses from operations and have a significant accumulated deficit, as well as significant outstanding accounts payable and accrued expenses at June 30, On March 31,the United States Department of Health and Human Services once again put the implementation of ICD The implementation date has now been scheduled to take effect on October 1, This delay will cause a significant delay in our ability to generate significant revenues. We currently do not have adequate resources, including cash on hand and expected revenues to meet our operating requirements. Management will look to secure additional funding through the sale of additional convertible Notes or Common Stock. However, there can be no guarantee that we will be successful in obtaining additional debt facilities or raising equity on favorable terms. On April 24, we announced a plan of restructuring as a result of the Company being unable to fund our operations. In the event that we are unable to fund the Company by additional borrowings or raising equity capital, we may be forced to reduce our expenses further. Our consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should we be unable to continue as a going concern. The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, The CodeSmart Group, Inc. All intercompany transactions and balances have been eliminated in consolidation. The Company considers all highly liquid hedging purchased with a maturity of three months or less to be cash equivalents. The Company held no cash equivalents at June 30, and December 31, The Company seeks to minimize its credit risk associated with cash by periodically evaluating the credit quality of its primary financial institution. The balance at times may exceed federally insured limits. Financial Instruments and Concentration of Credit Risk. We believe the carrying values of our financial instruments consisting of cash, accounts receivable, accounts payable, accrued expenses, and other current liabilities approximate their fair values due to their short-term nature or because they are carried at fair value. Hedging cash balances in the United States periodically exceed federally insured limits. We have not experienced any losses in such accounts. Fair Value of Financial Instruments. The Company follows the guidance of FASB ASC for disclosures about the fair value of its financial instruments and FASB ASC to measure the fair value of its 77566 instruments. FASB ASC establishes a framework for measuring fair value and expands disclosures about fair value measurements. FASB ASC establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices unadjusted in active markets for identical assets or liabilities Level 1 and the lowest priority to unobservable inputs Level 3. The Company uses Level 3 of the fair value hierarchy to measure the fair value of its derivative liabilities and revalues the derivative liabilities each reporting period and recognizes gains or losses attributable to the change in the fair value of the derivative liabilities in the consolidated statement of operations. Carrying Value, Recoverability and Impairment of Long-Lived Assets. The Company follows the guidance of FASB ASC for its long-lived assets. The Company assesses the recoverability of its long-lived assets by comparing the projected undiscounted net cash flows associated with the related long-lived asset or group of long-lived assets over their remaining estimated useful lives against their respective carrying amounts. Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets. If long-lived assets are determined to be recoverable, but the newly determined remaining estimated useful lives are shorter than originally estimated, the net book values of the long-lived assets are depreciated over the newly determined remaining estimated useful lives. The impairment charges, if any, are included in operating expenses in the accompanying statements of operations. Property and equipment are recorded at cost. Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged stocks operations as incurred. Depreciation is computed by the straight-line method after taking into account their respective estimated residual values over the assets estimated useful life of three years. Upon sale or retirement of property and equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in the statements of operations. We generally do not use derivative financial instruments to hedge exposures to cash-flow risks or market-risks. However, certain financial instruments, such as warrants and the embedded conversion features of our convertible promissory notes and debentures, which are indexed to our common stock, are classified as liabilities when either a the holder possesses rights to net-cash settlement or b physical or net-share settlement is not within our control. In such instances, net-cash settlement is assumed for financial accounting and reporting purposes, even when the terms of the underlying contracts do not provide for net-cash settlement. Derivative financial instruments are initially recorded, and continuously carried, at fair value. Determining the fair value of these complex derivative financial instruments involves judgment and the use of certain relevant assumptions including, but not limited to, interest rates, volatility and conversion and redemption privileges. The use of different assumptions could have a material effect on the estimated fair value amounts. Research and development is expensed as incurred. Revenue Recognition and Deferred Revenue. The Company provides online access to its students for a period of 12 to 18 months subsequent to enrollment in online courses. Therefore, the Company has established such period as the amortization period of deferred revenues recorded for the enrollment of online courses. Accordingly, tuition revenue and most fees from related options resources are recorded as deferred revenue and amortized into revenue over options 12 to 18 month period. The University maintains an institutional tuition refund policy, which provides for a full refund within stated refund periods. It also establishes standards for related disclosures about products and services, geographic areas, and major customers. The method for determining what information to report is based on the way management organizes options operating segments within the Company for making operating stocks and assessing financial performance. The CEO reviews financial information presented on an entity level basis accompanied by disaggregated information about revenues by product type and certain information about geographic regions for purposes of making operating decisions and assessing financial performance. The entity level financial information is identical to the information presented in the accompanying consolidated statements of operations. Currently 77566 believes that the business operations are all contained in one segment and Management will continue to evaluate their reporting in the future. Exit from Development Stage. The Company exited the development stage on May 3, On December 9,the Board of Directors of the Company adopted the Stock Incentive Plan. However, no equity compensation has yet been granted under the Plan. When granted, the Company will follow the guidance of FASB ASC Compensation — Stock Compensation to account for options issued under the Plan. Equity Instruments Issued to Parties Other Than Employees for Acquiring Goods or Services. The Company accounts for equity instruments issued to parties other than employees for acquiring goods or services in accordance with the guidance of FASB ASC Transactions in which there is issuance of equity instruments for goods or services are accounted for based on the fair value of the consideration received for the fair value of the equity instrument issued, or whichever is more reliably measurable. The measurement date used to determine the fair value of the equity instrument issued is the earlier of the date on which the performance is complete or the date on which it is probable that performance will occur. We compute loss per share in accordance with FASB ASC Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of shares of common stock outstanding during each period. Diluted loss per share is computed by dividing net income lossadjusted for changes in loss that resulted from the assumed conversion or exercise of potentially dilutive securities, by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. Potentially dilutive securities consist of shares potentially issuable pursuant to stock options and warrants as well as shares that would result from full conversion of all outstanding convertible notes and debentures. During periods of net loss per share, these potentially dilutive securities are excluded from diluted net loss per share calculations because they are anti-dilutive. As a result, basic and diluted net loss per share are equivalent. As of June 30, and December 31,our convertible notes and debentures were convertible into , and 2, shares of common stock, respectively. On June 30, and December 31, we hadandcommon stock warrants outstanding, all of which have been excluded from 77566 computation of diluted loss per share because their effect is anti-dilutive. The Company accounts for income taxes in accordance with FASB ASC - Income Taxes. Deferred income tax assets and liabilities are determined based upon differences between the financial reporting and tax bases of assets and liabilities and put measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the statements of operations in the period that includes the enactment date. The Company follows the guidance of FASB ASC to determine whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. The Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The Company did not take any uncertain tax positions and had no adjustments to its income tax liabilities or benefits for the six months ended June 30, and the year ended December 31, The estimated future tax effects of temporary differences between the tax basis of assets and liabilities are reported in the accompanying consolidated balance sheets, as well as tax credit carry-backs and carry-forwards. The Company periodically reviews the recoverability of deferred tax assets recorded on its consolidated balance sheets and provides valuation allowances as management deems necessary. Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. In addition, the Company operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions. If actual taxable income by tax jurisdiction varies from estimates, additional allowances or reversals of reserves may be necessary. The Company has yet to prepare or file their income tax returns for the years ended December 31, and December 31, The returns are still subject to review by the Internal Revenue Service and New York State Department of Taxation and Finance. Recently Issued Accounting Pronouncements. The FASB has recently issued the following Accounting Standards Updates:. Applying Variable Interest Entities Guidance to Common Control Leasing Arrangements a consensus of the Private Company Council. Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure a consensus of the FASB Emerging Issues Task Force. Accounting for Goodwill a consensus of the Private Company Council. Options for Investments in Qualified Affordable Housing Projects a consensus of the FASB Emerging Issues Task Force. We have reviewed the above pronouncements, as well all other recently issued hedging, and have determined that they will not have a material impact on our consolidated financial statements, or do not apply to our operations. Note 3 Property and Equipment. Property and equipment is stated at cost, less accumulated depreciation:. These Notes are convertible, at the holder's option, into shares of our common stock, generally at variable conversion prices based on a percentage of recent market prices for our common stock. The Notes bear interest at stated rates, have specific due dates and contain customary events of default and provide for increased interest rates in the event of default. Certain of the Notes also include down-round anti-dilution adjustments, whereby if we sell common stock or common share indexed financial instruments below the stated or variable conversion price of the Note, the conversion price adjusts to that lower amount. In connection with these financings, we have paid placement agent and other fees and certain Notes were issued with options issue discount. In certain instances, we have also issued warrants, exercisable for our common stock, to the investors or the placement agents. None of the Notes that we have issued require put to register the shares of our common stock underlying their conversion or the exercise of any warrants, except for certain Notes that have piggy-back registration rights in the event we otherwise file a registration statement. The terms of the embedded conversion options in these Notes, as well as the terms of the warrants, do not meet all of the established criteria for equity classification in FASB ASCDerivatives and Hedging - Contracts in Entity's Own Equity. Accordingly, the embedded derivative instruments in the Notes, consisting primarily of the conversion option, are accounted for separately from the host contract, and are recorded at fair value. The warrants are initially recorded at fair value and, together with the embedded derivative instruments that have been separated from the Notes, are re-valued each reporting period, with any changes in their fair values recognized as a gain or loss in our income statement. The allocation of the proceeds received for the Notes issued in and is summarized below:. The initial carrying amounts of the Notes are then accreted to their redemption values, including accrued interest thereon at the stated rate, using an effective interest method. On July 10, and June 14, the total amounts due for the Notes including accrued interest were converted by the holders intoandshares of our common stock, respectively. On January 9,the Company issued 25, shares of its common stock which represented interest due as of December 26, We issued Notes on December 13, and January 10, From May 6, to June 30,the Company issued 4, shares to various investors. The Notes outstanding at June 30,their interest rates, accrued interest and carrying amounts were as follows: The Notes outstanding at December 31,their interest rates, accrued interest and carrying amounts were as follows:. As of June 30,the fair value of the embedded derivative instrument in each Note, the effective conversion price of each Note and the number of common shares into which each Note, including accrued interest, was convertible were as follows:. In connection with the issuance of the Notes, we also issued common stock warrants to investors or to the placement agents, as follows:. The warrants are exercisable for one share of common stock. The warrants include down-round anti-dilution adjustments, whereby if we sell common stock or common share indexed financial instruments below the initial exercise price of the warrants, the exercise price adjusts to that lower amount. For the placement agent warrants, the down-round anti-dilution protection applies only to subsequent issuances occurring more than one year after the warrants were issued. The embedded conversion options in the Notes, which are accounted for separately as derivative instruments, and the warrants are valued using a binomial lattice model because that model embodies all of the significant relevant assumptions that address the features underlying these instruments. For the risk-free rates of return, we use the published yields on zero-coupon Treasury Securities with maturities consistent with the remaining term of the Notes or warrants. Volatility is based upon our expected common stock price volatility over the remaining term of 77566 Notes or warrants. As a result of the anti-dilution provisions, the fixed exercise price of the warrants has been reset equal to the lowest price of any subsequently issued common share indexed instruments with a conversion price below the previously stated exercise price of the warrant. The fair value hierarchy gives the highest priority to Level 1 - quoted prices unadjusted in active markets for identical assets or liabilities and the lowest priority to Level 3 - unobservable inputs. Assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement. Our derivative financial instruments that are measured at fair value on a recurring basis are all measured at fair value using Level 3 inputs. Level 3 inputs are unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Holders of common stock are entitled to put vote for each share held of record on each matter submitted to a vote of shareholders. Holders of our common stock do not have a cumulative voting right, which means that the holders of more than one half of our outstanding shares of common stock, subject to the rights of the holders of preferred stock, can elect all of our directors, if they choose to do so. In this event, the holders of the remaining shares of common stock would not be hedging to elect any directors. Subject to the prior rights of any class or series of preferred stock which may from time to time be outstanding, if any, holders of common stock are entitled to receive ratably, dividends when, as, and if declared by our Board of Directors out of funds legally available for that purpose and, upon our liquidation, dissolution, or winding up, are entitled to share ratably in all assets remaining after payment of liabilities and payment of accrued dividends and liquidation preferences on the preferred stock, if any. Holders of common stock have no preemptive rights and have no rights to convert their common stock into any other securities. The outstanding common stock is duly authorized and validly issued, fully-paid, and non-assessable. Except as otherwise required by Florida law, and subject to the rights of stocks holders of preferred stock, all stockholder action is taken by the vote of a majority of the outstanding shares of common stock present at a meeting of shareholders at which a quorum consisting of a majority of the outstanding shares of common stock is present in person or by proxy. Shares repurchased are held as treasury shares and used for general corporate purposes including, but not limited to, satisfying obligations under our employee benefit plans. We may issue preferred stock in one or more series and having the rights, privileges, and limitations, including voting rights, conversion rights, liquidation preferences, dividend rights and preferences and redemption rights, as may from time to time be determined by our Board of Directors. Preferred stock may be issued in the future in connection with acquisitions, financings, or other matters, as our Board of Directors deems appropriate. In the event that we determine to issue any shares of preferred stock, a certificate of designation containing the rights, privileges, and limitations of this series of preferred stock will be filed with the Secretary of State of the State of Florida. The effect of this preferred stock designation power is that our Board of Directors alone, subject to Federal securities laws, applicable blue sky laws, and Florida law, may be able to authorize the issuance of preferred stock which could have the effect hedging delaying, deferring, or stocks a change in control of our company without further action by our shareholders, and may adversely affect the voting and other rights of the holders of our common stock. The issuance of preferred stock with voting and conversion rights may also adversely affect the voting power of the holders of our common stock, including the loss of voting control to others. On April 8,the Company issuedshares stocks its common stock to Jasper Group Holdings, Inc. The shares were issued pursuant to a Convertible Note sold by the Company to WHC on March 5, Litigations, Claims and Assessments. From time to time, the Company may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. The Company is currently not aware of any such legal proceedings or claims that we believe will have, individually or in the aggregate, a material adverse effect on our business, financial condition or operating results. On July 18,the Company's then Chief Executive Officer was indicted by the U. Attorney on 10 counts of securities fraud. The Company was not named in either action and to date has not been implicated in the case. The letter alleges a series of improper actions by the Company and its directors and officers which led the Investors to invest and which are alleged to constitute common law and federal securities law violations. Upon the receipt of adequate funding, of which there hedging be no assurance, the Company intends to respond to the letter, as well as any lawsuit which may be filed and served. The Company currently does not have any long term arrangement to lease or rent office space. The Company leases office space on a month to month basis. On October 31,the Company consummated and closed a Share Exchange Agreement with Jasper Group Hedging, Inc. The Company had been attempting to re-negotiate its agreement with Jasper but was not successful. To date, the Put has not received any value from its investment in Jasper. Jasper is a private company and therefore, since it is not publically traded, there is no active trading market for the 1, shares received from Jasper. Due to Jaspers position as a development stage company, the future of its financial condition is uncertain. These shares have not been accrued at March 31, due to the write off of the investment but will be expensed as of the date of issuance. On September 16,the Company and Jasper entered discussions to cancel the Share Exchange Agreement. Subsequent to the cancelation of the agreement, the Company anticipates canceling the shares returned by Jasper. The failure to hold a closing as a result of not meeting the floor will not impact any subsequent closing. The Company may terminate the Agreement upon prior written notice to Seaside at any time. Note 11 Stock Incentive Plan. Currently, no equity compensation has been granted under the Plan. Note 12 Subsequent Events. From July 1, to October 7,the Company issued 82, shares options various investors. You can identify forward-looking statements by the use of the words may, will, should, could, expects, plans, anticipates, believes, estimates, predicts, intends, potential, proposed, or continue or the negative of those terms. These statements are only predictions. In evaluating these statements, you should consider various factors which may cause our actual results to differ materially from hedging forward-looking statements. Although we believe that the exceptions reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels stocks activity, performance or achievements. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. The Company plans to implement operations and reaching their goals and objectives by hiring qualified personnel to play key roles throughout the organization. The Company utilizes a hiring process with a long options successful track record. It has a philosophy in hiring the most qualified personnel along with a strong branding and marketing campaign. The marketing campaign will be multifaceted and include a very aggressive direct marketing campaign along with building strong distribution partnerships as it has already begun to do. The majority of the funds received in offerings of the Company's securities will be put into marketing, branding, and sales activities along with operational support activities. The success of the Company is directly related to marketing and sales campaigns and support. Building a national brand and creating market awareness will be critical. Supporting sales and customers will also be important from an operational perspective. On July 17,the SEC filed a civil action against our then Chief Executive Officer and Chairman of the Board, Ira Shapiro, and on July 18, Mr. Shapiro was indicted on 10 counts of securities fraud. The Company was not charged and is not a defendant in either the criminal or civil matter, however, it is our understanding that investigations are ongoing and there can be no assurance that the Company will not be made a party to either action or a new criminal or civil action. On March 31,the United States Department of Health and Human Services announced that the implementation date of ICD was delayed until October 1, On April 24,the Company announced a restructuring plan. The Company reduced the number of employees from 25 to As of today, the Company has 5 full-time employees including 2 executive officers. On August 1,the Company accepted the resignation of stocks then Chief Executive Officer and Chairman of the Board, Ira Shapiro. The Company appointed Diego E. On the same date, the Company appointed Ruth Patterson as its Chief Operating Officer. The Company plans on executing its business plan of participating as a provider in the ICD training market. The Company currently has five employees, which are its CRO, sole director and other necessary management employees. As of the date of filing of this Quarterly Report, none of the 77566 is receiving compensation due to a lack of available funds. The Company is negotiating funding arrangements from several existing investors. Results of Operations for the six months ended June 30, Revenue and Gross Profit. Put convertible debentures contained embedded features that the Company had to bifurcate and account for at fair value. On March 31,the implementation of ICD was once again delayed until October 1, Results of Operations for the three months ended June 30, Liquidity and Capital Resources. Cash used in operating activities was primarily for compensation, professional fees and marketing and advertising. The Company will attempt to raise the required capital by the sale of promissory notes to existing investors. In addition, the Company anticipates that revenue generated will fund a portion of such cash requirements. There is no assurance that the Company will be successful in raising the amounts required to fund operations or generate sufficient revenue to fund its operation. In the event that the Company is unable to fund the operation it will not be able to continue as a going concern. Do not check if a smaller reporting company. Liabilities and Put Equity Deficit. Total Stockholders' Equity Deficit. Total Liabilities and Stockholders' Equity Deficit. For the three months ended. For the six months ended. Other general and administrative expenses. Change in fair value of derivative liability - convertible notes. Change in fair value of derivative liability - warrants. Loss from extinguishment of debt. Total other income expense. Net loss per common share - basic and diluted. Weighted average common shares outstanding -basic and diluted. Adjustments to reconcile net loss to net cash used in operating activities:. Interest expense including debt issue costs and OID costs. Change in fair value of derivative liability. Loss on extinguishment of debt. Changes in operating assets and liabilities:. Increase in accounts receivable. Decrease increase in prepaids options other current assets. Decrease increase in accounts payable and accrued expenses. Net Cash Used in Operating Activities. Cash paid for equipment. Net Cash Used in Investing Activities. Proceeds from issuance of common stock. Proceeds from the issuance of convertible notes net of issuance costs. Cash paid for the repayment of notes. Cash paid to cancel shares through recapitalization. Net Cash Provided By Financing Activities. Net Increase Decrease in Cash. Cash - Beginning of Period. Cash Paid During the Period for:. Investment in Jasper Group Holdings, Inc. Debt discounts on convertible notes. Conversion of convertible notes and interest into common stock. Reclassification of derivative liability to additional paid in capital. Accumulated depreciation and amortization. Fair Value at Issuance. Fair Value at June 30, August 29, financing. Balance — June 30, Conversion upon Class Consent — All outstanding shares of Series A Preferred Stock may be converted into Common Stock at the election of the holder s of all the Series A Preferred Stock. Automatic Conversion of all of the outstanding shares of Series A Preferred Stock shall take place in the event of a Change in Control of the Company. Additional Rights — the Company shall not, without obtaining written approval from the holders of the Series A Preferred Stock, alter of change the powers, preferences, privileges, or rights of the Series A Preferred Stock. Certification of Chief Restructuring Officer Pursuant hedging Rule 13a Chief Restructuring Officer Certification Pursuant to Section of the Sarbanes-Oxley Act. XBRL Taxonomy Extension Schema Document. XBRL Taxonomy Extension Calculation Linkbase Options. XBRL Taxonomy Extension Definition Linkbase Document. XBRL Taxonomy Extension Label Linkbase Document. XBRL Taxonomy Extension Presentation Linkbase Document.
My current plan will be 2 weeks at Wilderness lodge, with the 14 day disney park ticket and standard dining plan (1 waiter, 1 quick serve, 1 snack, and refillable drink).
Here the dimensions can be read from the bottom or from the right side of the drawing.
If we take a man and a woman convicted of the same crime, it is very likely that the man will receive a more callous sentence.
While grabbing lunch between games at a water polo tournament, I noticed one of my new teammates rarely looked me in the eye.