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Financials

Income Statement
Balance Sheet
Cash Flow Statement

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MMTC Balance Sheet

Click line-items for a historical chart and %
Cash
Inventories 67.49K
Prepaid expenses 4.28K
Total current assets 71.77K
Fixed assets, net 75.05K
Total assets 146.83K
Bank overdraft 746
Notes payable to stockholder 298.17K
Convertible notes payable, net of unamortized discount of $72,055 and $44,902 in 2011 and 2010, respectively 93.18K
Trade accounts payable 393.71K
Accounts payable to officers and directors 240.6K
Accrued payroll 392.02K
Other accrued expenses 99.15K
Total current liabilities 1.55M
Convertible notes payable, net of unamortized discount of $0 and $55,138 in 2011 and 2010, respectively
Redeemable convertible preferred stock, $0.01 par value; 2,600,000 shares authorized, issued and outstanding at July 31, 2011 and October 31, 2010
Total long term liabilities
Total liabilities
Commitments and contingencies 0
Common stock, $0.01 par value; 500,000,000 shares authorized; 352,538,521 and 177,941,922 shares issued and outstanding at July 31, 2011 and October 31, 2010, respectively 76.71K
Additional paid-in capital
Accumulated deficit from previous operating activities
Deficit accumulated during the development stage
Total stockholders' deficit -1.42M
Total liabilities and stockholders' deficit 146.83K