$THCT: microCap play - Potential 50%-Unlimited :) upsidesee boxes on chart for Entry, Exit and Stop loss zones. Play small. Not for any recommendation, Just an Idea.Longby ram10kkUpdated 220
!!!SHORT!!! ((AIRHORN)) !!ALL IN!! That's right, ALL IN $$THCTSHORT 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!!!!!!! Shortby alipipefitterUpdated 141410