SHORT THE OPEN
THC THERAPEUTICS, INC.
(formerly Harmonic Energy, Inc.)
FINANCIAL STATEMENTS
OCTOBER 31, 2017
"Going Concern – The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization
of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred cumulative net losses of
$18,482,959 since its inception and requires capital for its contemplated operational and marketing activities to take place. The
Company’s ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional
financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment
of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raise
substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements of the Company do
not include any adjustments that may result from the outcome of these aforementioned uncertainties
"There are $10,344 and $187 in cash and cash
equivalents as of October 31, 2017, and July 31, 2017, respectively".
"The Company’s policy regarding advertising is to expense advertising when incurred. The Company incurred
advertising expenses of $1,153 and $0 during the three months ended of October 31, 2017 and 2016, respective"
DEFINITELY A 100 MILLION DOLLAR COMPANY!!!! LMFAO
Fixed assets consist of the following as of October 31, 2017, and July 31, 2017:
October 31, 2017 July 31, 2017
Float Spa and associated equipment $ 60,000 $ 60,000
Less: accumulated depreciation (5,639) (2,623)
Fixed assets, net $ 54,361 $ 57,377
BUT WAIT, ITS WHAT'S ON THE INSIDE THAT COUNTS!!!
Intangible assets??? consist of the following as of October 31, 2017, and July 31, 2017:
October 31, 2017 July 31, 2017
Float Spa Client List $ 70,000 $ 70,000
Patents and patents pending 4,000,000 4,000,000
Trademarks 75,000 75,000
Website and domain names 25,000 25,000
Less: accumulated depreciation (225,647) (150,237)
Intangible assets, net $ 3,944,353 $ 4,019,763
-Common stock; $0.001 par value; 500,000,000 shares authorized;
-118,785,391 and 118,778,391 shares issued and outstanding!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
as of October 31, 2017 and July 31, 2017, respectively
-Preferred stock; $0.001 par value; 10,000,000 shares authorized;
2,165,000 and 2,165,000 series A and B shares issued and outstanding as of
October 31, 2017 and July 31, 2017, respectively CONVERTIBLE AT 1.00 PER SHARE!!!!!!!!!!!!! EXERCISIBLE FROM TIME TO TIME WITH NO MANDATORY HOLD PERIOD!!!!!!!
THC THERAPEUTICS, INC.
(formerly Harmonic Energy, Inc.)
FINANCIAL STATEMENTS
OCTOBER 31, 2017
"Going Concern – The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization
of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred cumulative net losses of
$18,482,959 since its inception and requires capital for its contemplated operational and marketing activities to take place. The
Company’s ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional
financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment
of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raise
substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements of the Company do
not include any adjustments that may result from the outcome of these aforementioned uncertainties
"There are $10,344 and $187 in cash and cash
equivalents as of October 31, 2017, and July 31, 2017, respectively".
"The Company’s policy regarding advertising is to expense advertising when incurred. The Company incurred
advertising expenses of $1,153 and $0 during the three months ended of October 31, 2017 and 2016, respective"
DEFINITELY A 100 MILLION DOLLAR COMPANY!!!! LMFAO
Fixed assets consist of the following as of October 31, 2017, and July 31, 2017:
October 31, 2017 July 31, 2017
Float Spa and associated equipment $ 60,000 $ 60,000
Less: accumulated depreciation (5,639) (2,623)
Fixed assets, net $ 54,361 $ 57,377
BUT WAIT, ITS WHAT'S ON THE INSIDE THAT COUNTS!!!
Intangible assets??? consist of the following as of October 31, 2017, and July 31, 2017:
October 31, 2017 July 31, 2017
Float Spa Client List $ 70,000 $ 70,000
Patents and patents pending 4,000,000 4,000,000
Trademarks 75,000 75,000
Website and domain names 25,000 25,000
Less: accumulated depreciation (225,647) (150,237)
Intangible assets, net $ 3,944,353 $ 4,019,763
-Common stock; $0.001 par value; 500,000,000 shares authorized;
-118,785,391 and 118,778,391 shares issued and outstanding!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
as of October 31, 2017 and July 31, 2017, respectively
-Preferred stock; $0.001 par value; 10,000,000 shares authorized;
2,165,000 and 2,165,000 series A and B shares issued and outstanding as of
October 31, 2017 and July 31, 2017, respectively CONVERTIBLE AT 1.00 PER SHARE!!!!!!!!!!!!! EXERCISIBLE FROM TIME TO TIME WITH NO MANDATORY HOLD PERIOD!!!!!!!
Note
Covering ALL, 1.10 3.01 pm ESTNote
should have waited a little longer or just sold half. FOMO!!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.