July 1, 2019
Quarterly Report Under Section 13 or 15(d) of
The Securities Exchange Act of 1934
Commission File Number 333-65069
EXACT NAME as this appears in our Charter: Access-Power, Inc.
YEAR: 1996
STATE OF INC: FLORIDA
QUARTERLY REPORT PERIOD ENDING: June 30th, 2019
I.R.S. Employer Identification No. 59-3420985
17164 Dune View Dr # 106 Grand Haven, MI 49417
(Address of principal executive office) (Zip Code)
Issuer's telephone number, including area code: (616) 312-5390
______________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
/X/ Quarterly Report Under Section 13 or 15(d) of
The Securities Exchange Act of 1934
For the Quarterly Period Ended June 30th, 2019
/_/ Transition Report Under Section 13 or 15(d) of The Exchange Act
Commission File Number 333-65069
Access-Power, Inc.
---------------------------------------------------------
(Exact Name of Small Business Issuer as Specified in its Charter)
Florida 59-3420985
(State or other jurisdiction of
Corporation or organization) (I.R.S. Employer Identification No.)
17164 Dune View Drive Apt 106, Grand Haven MI 49417
(Address of principal executive office) (Zip Code)
Issuer's telephone number, including area code: (616)312-5390
Transitional Small Business Disclosure Format (check one): Yes __ No X
SMALL
Smaller Reporting Company: Yes X NO ___
Emerging Growth Company: Yes X NO ___
Indicate whether registrant is a shell company: Yes ___ NO X
MOST RECENT CLOSING PRICE $.0004 PER SHARE. There is no bid for our
common stock while ACCR is traded on the grey sheets.
AS OF THE CLOSE OF BUSINESS MARCH 31, 2019, THE AGGREGATE MARKET
CAPITALIZATION ON A FULLY DILUTED BASIS IS $ 97,656.65, BASED ON A
CLOSING PRICE OF $.0004 PER SHARE.
________________________________________________________________________
****CURRENT UPDATE****
pjensen@myaccess-power.com
http://www.myaccess-power.com
https://www.otcmarkets.com/stock/ACCR/profile
We own the following websites:
http://www.mycbdpets.com
http://www.grandhavenmedicalmarijuana.com
http://www.mi-medicalmarijuana.com
I am looking into an investment whereby I would cancel my shares, and
issue the exact amount of shares for that investment, thereby
causing NO DILUTION to my shareholders. This is a speculative
investment. This is in the early stages of negotiation, and there
can be no assurance that I will reach a deal. If I reach a deal,
I will finalize it with a future 8-k.
As of June 30, 2019
Authorized Common Stock: 500,000,000
Outstanding Common Stock: 244,144,121
Estimated Float: Less than 5,000,000
Available Stock for Issuance: 255,855,879
Restricted Common Stock: 129,641,475
As of July 2, 2019, we have $98.00 in our Premiere Checking account now.
Our #1 GOAL IS TO GET ACCESS-POWER, INC OFF THE GREY SHEETs. I have done
much work to clean up our Corporation. This takes time.
Priority will be to secure a Market Maker, who will file a Form 211
with FINRA. I am 100% committed to achieving this goal. We are
current in all our SEC filings, as required by federal law.
There are many barriers to re-entry.
Many entities do not want our Company to comeback. There is a
good chance that we will NOT succeed.
I hope to accomplish the unthinkable, and that is bring back our company
from the grey sheets to a quote service with OTCMarkets.com. There are
only a handful of Companies that have accomplished this unthinkable feat.
I would like to save enough money in the Premiere Checking account,
to one day pay their $5,000.00 fee in order to file a Company Disclosure
with OTCMarkets.com. This may not occur until 2020. However, I am a
skilled salesman, and will try my very best to save money in the Premiere
Checking account over time. I personally own about 54% of the common
stock of this Corporation, and have full control over our destiny.
Comeback with me...
I have no plans to dilute the common stock in 2019, nor in 2020, and
as previously stated, our Common Stock float is less than 5,000,000
shares.
We continue to have an almost 2,000,000 reported short position
reported through Rule 4560 of FINRA. This short position is buying
back stockas CSTI reported buying back 1,526 shares recently.
https://otce.finra.org/otce/equityShortInterest
Very best regards,
PATRICK
Part I. Financial Information
Item 1. Financial Statements
ACCESS-POWER, INC.
(An Emerging Growth Company)
UNAUDITED
Balance Sheets Comps
Assets
June 30, March 31,
2019 2019
------------------ -------------------
(unaudited)
Current assets:
Cash $ 98.00 $ 578.00
CDs
Accounts receivable $ 0 $ 0
Prepaid expenses $ 0 $ 0
---------------------------------------
Total current assets $ 98.00 $ 578.00
---------------------------------------
Property and equipment, net $ 0 $ 0
Other assets $ 0 $ 0
---------------------------------------
Total assets $ 98.00 $ 578.00
=======================================
Liabilities and
Stockholders' Equity
(Deficit)
Current liabilities:
Accounts payable and accrued
expenses $0 $ 0
Current portion of
long-term debt - -
Total current liabilities $ 0 $ 0
Convertible debentures $ 0 $ 0
------------------ ------------------
Total liabilities $ 0 $ 0
---------------------------------------
Stockholders' equity
(deficit):
Common stock,
$.001 par value,
authorized
500,000,000 shares,
issued and outstanding
244,144,121
and 244,144,121 shares
as of June 30, 2018
and Dec 31, 2017 $244,144.12 $244,144.12
=======================================
Total liabilities
and stockholders'
equity (deficit) $244,144.12 $244,144.12
=======================================
ACCESS-POWER, INC
CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS (unaudited)
THREE MONTHS ENDED June 30, 2019:
CASH FLOW
REVENE $ 6,000.00
COST OF REVENUE $ 5,900.00
----------------------------------------------------------
GROSS PROFIT (LOSS) $ 100.00
OPERATING EXPENSES
Selling, general and administrative exp
rent, and utilities $ 0.00
Consulting fees $ 0.00
Professional fees and related expenses $ 450.00
TOTAL OPERATING EXPENSES $ 0.00
Salaries $ 5,900.00
Fair value of derivative liability $ 0.00
OTHER INCOME nonrecurring $ 0.00
Gain on debt extinguishment $ 0.00
(LOSS) INCOME BEFORE PROVISION FOR $ 0.00
INCOME TAXES $ 0.00
PROVISION FOR INCOME TAXES
treated as prepaid expense on
balance sheet $ 0.00
NET (LOSS) INCOME $ (350.00)
BASIC (LOSS) INCOME PER SHARE
DILUTED (LOSS) INCOME PER SHARE $ nil
WEIGHTED AVERAGE COMMON SHARES
OUTSTANDING BASIC 244,144,121 shares
RESTRICTED SHARES 129,641,475 shares
ESTIMATED FLOAT LESS THAN 5,000,000 shares
/s/
Patrick J Jensen
Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS
Overview and Plan of Operation
Business Overview
Access-Power, INC, or ACCR is a public holding company that serves the
various sectors in our economy. As of today, we only service the Work at
Home business model. Access-Power, Inc. has one (1) key employee.
We were incorporated back on October 10, 1996. There was a change in
control in the Registrant on June 4, 2018.
ACCR is not currently offering any stock for sale.
Any stock to be purchased is available in the open market.
We are currently quoted in the grey market of the OTC.
We are current in our obligation to report with the SEC.
Access-Power, INC owns at the moment Hunter Venture, a Michigan
for profit Limited Liability Corporation. On June 4, 2018, Hunter
Venture became a wholly owned subsidiary of the Corporation.
Patrick J Jensen is a director with our company, and currently the only
employee working with Hunter Venture.
We had a FINRA processed name change, and made the daily sheet list
in September 2018:
https://otce.finra.org/otce/dailyList
Mr. Jensen is fluent in Spanish. He graduated from Tulane University
with a Bachelor of Arts in Economics and a minor in Studio Art.
PART II - OTHER INFORMATION
Item 1. Legal Proceedings
NONE.
Item 2. Changes in Securities and Use of Proceeds
NONE.
ILLUSTRATIVE PURPOSES BELOW:
At $.0001 BID, the entire value of the Company shares on a fully
diluted basis is: $24,414.41
At $.001 BID, the entire value of the Company shares on a fully
diluted basis is: $244,144.12
At $.01 BID, the entire value of the Company shares on a fully
diluted basis is: $2,441,441.21
At $.06 BID, the entire value of the Company shaes on a fully
diluted basis is: $14,648,647.26
Management will make informed well processed decisions, and management
will succeed, as failure is not an option.
Item 3. Quantitative and Qualitative Disclosures About Market Risk
There is no current risk with management. Everything is under control.
**********
Item 4. Controls and Procedures
Access-Power, Inc. will forever employ good management decisions.
________________________________________________________________________
PART II - OTHER INFORMATION
Item 1. Legal Proceedings
NONE
**********
Item 1A. Risk Factors
MANY
**********
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
NONE
**********
Item 3. Defaults Upon Senior Securities
NONE
**********
Item 4. Other Information
NONE.
**********
Item 5. Exhibits
(a) No Exhibits are being filed.
Patrick J Jensen profile on LinkedIn:
https://www.linkedin.com/in/patrick-j-jensen-564946b4
I will promise to always be truthful and honest to my friends and family. We
have ZERO affiliation to Access-Power MEA.
Again, our #1 goal is to get our Company off the grey sheets, and our #2
goal is to SAVE MONEY. In 2007, I had a net worth of over $5,000,000.00 and
then lost it all. I am building, saving, and working today to find a private
company that will REVERSE MERGER their operations into our tightly wound up
float of less than 5,000,000.
In my opinion, our stock supply is extremely tight. I am in contact with an
attorney to help me with the up listing process to the Pink Sheets to get our
Company stock traded again:
https://www.otcmarkets.com/learn/getting-traded
Again, any FINRA RULE 4560 reported short position in our Company stock
can be found at:
https://otce.finra.org/otce/equityShortInterest
At a closing price of $.0004, the whole Company is valued at $97,656.65.
My contact information is:
pjensen@myaccess-power.com
616-312-5390
I wish to continue on our road to uplisting, and will continue to strive, work,
and save money in our Premiere Checking account. Again, our #1 goal is to get
our Company off the grey sheets, and our #2 goal is to SAVE MONEY.
Our comeback song:
https://www.youtube.com/watch?v=xbhCPt6PZIU
Access-Power, Inc. was the victim of naked convertible short selling. The
previous funders through BISH gutted our Company stock, and left it on the
side of the road to die. I am going to bring us back from the DEAD.
Just hang in there with me, and remember...there is NO DILUTION PERIOD in
Access-Power, INC.
_______________________________________________________________________________
SIGNATURES*
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
In accordance with the requirements of the Exchange Act, the Company caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized.
ACCESS-POWER, INC.
BY:
/s/
Patrick J. Jensen
President, Treasurer, and Director
July 3, 2019