Item 1.
FINANCIAL STATEMENTS
The Tradeshow Marketing Company,
Ltd.
Balance
Sheets
(unaudited)
|
February
29,
|
May
31,
|
|||||||
|
|
|
|||||||
|
(unaudited)
|
||||||||
|
ASSETS
|
||||||||
|
Current
Assets
|
||||||||
|
Cash
and Cash Equivalents
|
$ | 42,750 | $ | 136,815 | ||||
|
Merchant
Service Holdbacks
|
- | 5,257 | ||||||
|
Prepaid
Expenses
|
16,740 | 17,645 | ||||||
|
Inventory
|
9,015 | 36,041 | ||||||
|
Total
Current Assets
|
68,505 | 195,758 | ||||||
|
Long
Term Assets
|
||||||||
|
Furniture
& Equipment - Net
|
54,678 | 31,877 | ||||||
|
Vehicles
- Net
|
4,597 | 8,426 | ||||||
|
Network
Infrastructure & Software - Net
|
24,606 | 33,704 | ||||||
|
Leasehold
Improvements- Net
|
17,832 | - | ||||||
| 101,713 | 74,007 | |||||||
|
Other
Assets
|
13,362 | 7,553 | ||||||
|
Total
Long Term Assets
|
115,075 | 81,560 | ||||||
|
Total
Assets
|
$ | 183,580 | $ | 277,318 | ||||
|
LIABILITIES AND
STOCKHOLDERS' EQUITY (DEFICIT)
|
||||||||
|
Liabilities
|
||||||||
|
Accounts
Payable
|
$ | 114,247 | $ | 28,277 | ||||
|
Accrued
Liabilities
|
25,596 | - | ||||||
|
Loan
Payable - Related Party
|
215,138 | 88,818 | ||||||
|
Current
Portion - Vehicle Loan
|
- | 5,484 | ||||||
|
Total
Current Liabilities
|
354,981 | 122,579 | ||||||
|
Vehicle
Loan
|
- | 6,564 | ||||||
|
Total
Liabilities
|
354,981 | 129,143 | ||||||
|
Stockholders'
Equity
|
||||||||
|
Common
Stock, authorized 50,000,000
|
||||||||
|
shares,
par value $0.0001, 23,104,308 and
|
||||||||
|
20,342,533
issued and outstanding at
|
||||||||
|
February
29, 2008 and May 31, 2007
|
2,317 | 2,037 | ||||||
|
Paid
in Capital
|
1,842,155 | 1,142,681 | ||||||
|
Accumulated
Deficit
|
(2,015,873 | ) | (996,543 | ) | ||||
|
Total
Stockholders' Equity (Deficit)
|
(171,401 | ) | 148,175 | |||||
|
Total
Liabilities and Stockholders' Equity
|
$ | 183,580 | $ | 277,318 | ||||
The
accompanying notes are an integral part of these statements
The
Tradeshow Marketing Company, Ltd.
Statments of
Operations
(unaudited)
|
Nine
Months Ended
|
Three
Months Ended
|
||||||||||||||||
|
February
29,
|
February
28,
|
February
29,
|
February
28,
|
||||||||||||||
|
|
|
|
|
||||||||||||||
|
Revenue
|
$ | 285,061 | $ | 344,686 | $ | 130,269 | $ | 145,989 | |||||||||
|
Cost
of Sales
|
144,098 | 152,973 | 68,979 | 35,694 | |||||||||||||
|
Gross
Profit
|
140,963 | 191,713 | 61,290 | 110,295 | |||||||||||||
|
Expenses
|
|||||||||||||||||
|
General
and Administrative
|
1,043,934 | 331,173 | 439,174 | 136,078 | |||||||||||||
|
Professional
Fees
|
116,359 | 99,585 | 44,472 | 70,532 | |||||||||||||
|
Total
Expenses
|
1,160,293 | 430,758 | 483,646 | ||||||||||||||