Florida
|
02-0555904
|
(State
or other jurisdiction of incorporation or organization)
|
(I.R.S.
Employer Identification
Number)
|
2100
19th
Street, Sarasota, FL
|
34234
|
(Address
of principal executive offices)
|
(Zip
Code)
|
· |
we
have right to utilize certain proprietary technology for the manufacture,
design, creation, sale or use of a water cooler (“Water Machine”) which
manufactures distilled water from ambient
air;
|
· |
the
term of the license is in
perpetuity;
|
· |
the
territory in which we are allowed to exploit the license is all countries
in the world;
|
· |
the
license in non-exclusive; and
|
· |
we
do not have the right to sublicense the technology to
others.
|
· |
The
term of the agreement is one year and can be renewed by the mutual
agreement of the parties. The agreement was renewed in 2004 and does
not
expire until December 2005.
|
· |
The
agreement grants Applied Advertising the territory of the United
States of
America and Central America which means that it can sell our products
in
those areas.
|
· |
The
agreement allows Applied Advertising to appoint one or more dealers
in its
territory but only with our
consent.
|
· |
The
agreement obligates Applied Advertising to use its best efforts to
actively promote, market and sell our products in its
territory.
|
· |
The
agreement obligates Applied Advertising to maintain the formal name
of our
products, with their appropriate trademark, service mark, logo, or
trade
name designations, in all advertising and other printed materials
relating
to our products.
|
· |
The
agreement allows Applied Advertising to purchase our products at
specified
prices but also allows us to change the pricing in out sole discretion
upon fifteen days written notice. We considering our pricing arrangement
with Applied Advertising and all of our other customers to be a trade
secret.
|
Date
|
Name
|
Number
of Shares
|
Consideration
|
January
28, 2002
|
Antonio
F. Uccello, III
|
1,000
|
$5,000
|
January
1, 2003
|
GO!
Agency, LLC
|
7,959,000
|
(1)
|
June
1, 2003
|
Stephen.
MacNamara
|
30,000
|
$4,500
|
September
30, 2003
|
Nelson
J. Martin
|
10,000
|
Services-$15,000
|
October
8, 2003
|
Abraham
Uccello,
Trustee
of the
Candlelight
Non-
Grantor
Trust
|
10,000
|
$15,000
|
October
31, 2003
|
Henry
Eldon Sinsel
|
10,000
|
$15,000
|
November
11, 2003
|
Raimo
Vitikainen
|
20,000(1)
|
$30,000
|
November
12, 2003
|
William
J. Hone
|
40,000
|
$60,000
|
November
14, 2003
|
Salvatore
Uccello, Jr.
|
10,000
|
Services-$15,000
|
November
17, 2003
|
Lynda
Melnick
|
20,000
|
$30,000
|
November
17, 2003
|
American
Powerhouse, Inc.
|
300,000
|
(2)
|
November
20, 2003
|
Roger
P. Nelson
|
20,000
|
$30,000
|
November
24, 2003
|
Christopher
Stender
|
10,000
|
Services-$15,000
|
December
8, 2003
|
Jerry
Hanson
|
10,000
|
Services-$15.000
|
December
8, 2003
|
Marcus
Faller
|
10,000
|
Services-$15,000
|
April
3, 2004
|
Thomas
F. Pepin
Limited
Partnership
|
66,667
|
$100,000
|
May
5, 2004
|
Roger
P. Nelson
|
66,667
|
$100,000
|
Total
|
8,593,334(3)
|
$404,500
|
2004
|
2003
|
||||||
Revenue
|
$
|
1,361,962
|
$
|
774,349
|
|||
Cost
of Goods Sold
|
$
|
186,448
|
$
|
201,850
|
|||
Gross
Profit
|
$
|
1,175,514
|
$
|
572,449
|
|||
Operating
Expenses
|
$
|
1,183,429
|
$
|
1,126,771
|
|||
Net
Loss
|
$
|
(7,915
|
)
|
$
|
(554,272
|
)
|
|
Net
Loss Per Common Share
|
$
|
(0.001
|
)
|
$
|
(0.069
|
)
|
|
Weighted
Average Shares Outstanding
|
8,406,000
|
8,050,083
|
|||||
Assets
|
$
|
771,057
|
$
|
815,555
|
|||
Liabilities
|
$
|
656,544
|
$
|
1,017,127
|
|||
Stockholders’
Equity (Deficit)
|
$
|
114,513
|
$
|
(201,572
|
)
|
AT
DECEMBER 31:
|
|
2004
|
|
2003
|
|
||
Current
assets
|
|
$
|
646,502
|
$
|
712,501
|
|
|
Current
liabilities
|
|
498,170
|
500,119
|
|
|||
Working
capital
|
|
$
|
148,334
|
$
|
212,382
|
|
|
Current
ratio
|
1.30
|
1.42
|
FOR
THE YEARS ENDED DECEMBER 31, 2004 AND 2003:
|
|
2004
|
|
2003
|
|
||
Net
cash provided by/(used in):
|
|
|
|
|
|
||
Operating
activities
|
|
$
|
76,036
|
$
|
(467,908
|
)
|
|
Investing
activities
|
|
(63,141
|
)
|
(8,609
|
)
|
||
Financing
activities
|
|
(53,612
|
)
|
518,447
|
|||
Net
increase (decrease) in cash and cash equivalents
|
|
$
|
(40,716
|
)
|
$
|
41,930
|
AT
DECEMBER 31:
|
|
2004
|
|
2003
|
||
Current
assets
|
|
$
|
646,502
|
|
$
|
712,501
|
AT
DECEMBER 31, 2004:
|
||||||||||||||||
1-30
|
31-60
|
61-90
|
>
90
|
TOTAL
|
||||||||||||
TOTALS
|
$
|
7,781
|
$
|
5,046
|
-
|
$
|
537,751
|
$
|
550,578
|
AT
DECEMBER 31, 2003:
|
||||||||||||||||
1-30
|
31-60
|
61-90
|
>
90
|
TOTAL
|
||||||||||||
TOTALS
|
$
|
7,727
|
$
|
561,874
|
-
|
$
|
2,297
|
$
|
571,898
|
AT
DECEMBER 31:
|
|
2004
|
|
2003
|
||
Non-current
assets
|
$
|
124,555
|
$
|
103,054
|
||
Long-term
debt
|
|
$
|
51,184
|
|
$
|
69,604
|
AT
DECEMBER 31:
|
|
2004
|
|
2003
|
||
Current
debt due to related parties
|
$
|
109,761
|
$
|
4,739
|
||
Long-term
debt due to related parties
|
|
107,190
|
|
447,404
|
||
Total
debt due to related parties
|
$
|
216,951
|
$
|
452,143
|
AT
DECEMBER 31:
|
|
2004
|
|
2003
|
||
Current
portion of long term debt
|
$
|
18,420
|
$
|
18,420
|
||
Long-term
debt
|
|
51,184
|
|
69,604
|
||
Total
debt due to unrelated parties
|
$
|
69,604
|
$
|
88,024
|
AT
DECEMBER 31:
|
|
2004
|
|
2003
|
||
Current
portion of debt due to related parties
|
$
|
109,761
|
$
|
4,739
|
||
Long-term
debt due to related parties
|
|
107,190
|
|
447,404
|
||
Current
portion of long term debt
|
18,420
|
18,420
|
||||
Long-term
debt
|
|
51,184
|
|
69,604
|
||
Total
Debt
|
$
|
286,555
|
$
|
540,167
|
AT
DECEMBER 31:
|
|
2004
|
|
2003
|
Additional
paid-in capital
|
$
|
671,700
|
$
|
347,700
|
AT
DECEMBER 31:
|
|
2004
|
|
2003
|
Stockholders’
equity (deficit)
|
$
|
114,513
|
$
|
(201,572)
|
FOR
THE YEARS ENDED DECEMBER 31, 2004 AND 2003:
|
|
2004
|
|
2003
|
|
||
Net
cash provided by/(used in):
|
|
|
|
|
|
||
Operating
activities
|
|
$
|
76,037
|
$
|
(467,908
|
)
|
|
Investing
activities
|
|
(63,141
|
)
|
(8,609
|
)
|
||
Financing
activities
|
|
(53,612
|
)
|
518,447
|
|||
Net
increase (decrease) in cash and cash equivalents
|
|
$
|
(40,716
|
)
|
$
|
41,930
|
|
TOTAL
CONTRACTUAL
PAYMENT
STREAM
|
|
PAYMENTS
DUE IN:
|
|
||||||||||||
CONTRACTUAL
OBLIGATIONS
|
|
|
2005
|
2006
|
2007
|
2008
|
|
|||||||||
Long-term
debt obligations
|
$
|
73,680
|
|
$
|
18,420
|
$
|
18,420
|
$
|
18,420
|
$
|
18,420
|
|
||||
Long-term
debt due to related parties
|
260,100
|
|
133,616
|
126,484
|
-
|
-
|
|
|||||||||
Operating
lease obligations
|
142,630
|
|
50,340
|
50,340
|
41,950
|
-
|
|
|||||||||
Total
|
$
|
476,410
|
|
$
|
202,376
|
$
|
195,244
|
$
|
60,370
|
$
|
18,420
|
|
|
|
TOTAL
BUDGETED
EXPENSES
|
|
BUDGETED
EXPENSES:
|
|
|||||||||||
|
|
|
2005
|
|
2006
|
|
2007
|
|
2008
|
|
||||||
Sales
and Marketing
|
|
$
|
22,434,746
|
|
$
|
777,679
|
|
$
|
3,225,540
|
|
$
|
6,269,227
|
|
$
|
12,162,300
|
|
Engineering
and Production
|
|
3,336,055
|
|
199,636
|
|
519,383
|
|
934,756
|
|
1,682,280
|
|
|||||
Executive
|
714,108
|
165,236
|
174,022
|
182,809
|
192,041
|
|||||||||||
Administrative
|
|
1,306,812
|
|
248,573
|
|
329,908
|
|
352,242
|
|
376,089
|
|
|||||
Total
|
|
$
|
27,791,721
|
|
$
|
1,391,124
|
|
$
|
4,248,853
|
|
$
|
7,739,034
|
|
$
|
14,412,710
|
|
PAGE(S)
|
|
Report
of Independent Registered Public Accounting Firm
|
F-1
|
Consolidated
Balance Sheets as of December 31, 2004 and 2003
|
F-2
|
Consolidated
Statements of Operations for the Years Ended
December 31, 2004 and 2003 |
F-3
|
Consolidated
Statements of Changes in Stockholders’ Equity (Deficit)
for the Years Ended December 31, 2004 and 2003 |
F-4
|
Consolidated
Statements of Cash Flows for the Years Ended
December 31, 2004 and 2003 |
F-5
|
Notes
to Consolidated Financial Statements
|
F-6-21
|
ASSETS
|
|||||||
2004
|
2003
|
||||||
CURRENT
ASSETS
|
|||||||
Cash
and cash equivalents
|
$
|
6,352
|
$
|
47,068
|
|||
Accounts
receivable, net
|
550,578
|
571,898
|
|||||
Inventory
|
85,572
|
38,391
|
|||||
Prepaid
expenses and other assets
|
4,000
|
55,144
|
|||||
Total
current assets
|
646,502
|
712,501
|
|||||
PROPERTY
AND EQUIPMENT - Net
|
124,555
|
103,054
|
|||||
|
|
|
|||||
TOTAL
ASSETS
|
$
|
771,057
|
$
|
815,555
|
|||
LIABILITIES
AND STOCKHOLDERS' EQUITY (DEFICIT)
|
|||||||
CURRENT
LIABILITIES
|
|||||||
Current
portion of long-term debt
|
$
|
18,420
|
$
|
18,420
|
|||
Accounts
payable and accrued expenses
|
169,989
|
152,960
|
|||||
Current
portion of debt - related parties
|
109,761
|
4,739
|
|||||
Liability
for stock to be issued
|
200,000
|
324,000
|
|||||
Total
current liabilties
|
498,170
|
500,119
|
|||||
LONG-TERM
DEBT - Net of Current Portion
|
51,184
|
69,604
|
|||||
LONG-TERM
DEBT - RELATED PARTIES - Net of Current Portion
|
107,190
|
447,404
|
|||||
TOTAL
LIABILTIES
|
656,544
|
1,017,127
|
|||||
STOCKHOLDERS'
EQUITY (DEFICIT)
|
|||||||
Common
stock, no par value, 100,000,000 shares authorized at
|
|||||||
December
31, 2004 and 2003 8,460,000 and 8,244,000 issued
|
|||||||
and
outstanding at December 31, 2004 and 2003
|
5,000
|
5,000
|
|||||
Additional
paid-in capital
|
671,700
|
347,700
|
|||||
Accumulated
deficit
|
(562,187
|
)
|
(554,272
|
)
|
|||
Total
stockholders' equity (deficit)
|
114,513
|
(201,572
|
)
|
||||
TOTAL
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
|
$
|
771,057
|
$
|
815,555
|
2004
|
2003
|
||||||
REVENUE
|
|||||||
Mounting
systems - sale and installation
|
$
|
1,276,766
|
$
|
699,612
|
|||
Printing
|
1,846
|
74,737
|
|||||
Advertising
|
83,350
|
-
|
|||||
TOTAL
REVENUE
|
1,361,962
|
774,349
|
|||||
COST
OF GOODS SOLD
|
|||||||
Mounting
systems - sale, installation and payroll
|
159,448
|
167,082
|
|||||
Printing
|
-
|
34,768
|
|||||
Advertising
|
27,000
|
-
|
|||||
TOTAL
COSTS OF GOODS SOLD
|
186,448
|
201,850
|
|||||
GROSS
PROFIT
|
1,175,514
|
572,499
|
|||||
OPERATING
EXPENSES
|
|||||||
Professional
fees and administrative payroll
|
233,664
|
326,313
|
|||||
General
and administrative expenses
|
325,872
|
256,225
|
|||||
Bad
debt expense
|
500,000
|
-
|
|||||
Impairment
and other
|
-
|
450,000
|
|||||
Interest
expense
|
82,253
|
76,464
|
|||||
Depreciation
|
41,640
|
17,769
|
|||||
Total
operating expenses
|
1,183,429
|
1,126,771
|
|||||
NET
LOSS BEFORE PROVISION FOR INCOME TAXES
|
(7,915
|
)
|
(554,272
|
)
|
|||
Provision
for income taxes
|
-
|
-
|
|||||
NET
LOSS APPLICABLE TO COMMON SHARES
|
$
|
(7,915
|
)
|
$
|
(554,272
|
)
|
|
NET
LOSS PER BASIC AND DILUTED SHARES
|
$
|
(0.001
|
)
|
$
|
(0.069
|
)
|
|
WEIGHTED
AVERAGE NUMBER OF COMMON
|
|||||||
SHARES
OUTSTANDING
|
8,406,000
|
8,050,083
|
Additional
|
|||||||||||||||
Common
Stock
|
Paid-In
|
Accumulated
|
|||||||||||||
Shares
|
Amount
|
Capital
|
Deficit
|
Total
|
|||||||||||
Balance,
December 31, 2002
|
1,000
|
$
|
5,000
|
$
|
-
|
$
|
(123,439
|
)
|
$
|
(118,439
|
)
|
||||
Reclassification
of deficit upon termination of S status
|
$
|
(123,439
|
)
|
$
|
123,439
|
||||||||||
Contributed
Capital, Officer
|
-
|
-
|
29,937
|
-
|
29,937
|
||||||||||
Issunace
of shares in exchange for net assets of Go Agency
|
7,959,000
|
-
|
55,702
|
-
|
55,702
|
||||||||||
Issuance
of common stock in exchange
|
|||||||||||||||
for
cash
|
134,000
|
-
|
160,500
|
-
|
160,500
|
||||||||||
Issuance
of common stock in connection
|
|||||||||||||||
with
the merger of SMA
|
100,000
|
-
|
150,000
|
-
|
150,000
|
||||||||||
Issuance
of common stock in exchange
|
|||||||||||||||
for
services
|
50,000
|
-
|
75,000
|
-
|
75,000
|
||||||||||
Net
(loss) for the year
|
-
|
-
|
-
|
(554,272
|
)
|
(554,272
|
)
|
||||||||
|
|||||||||||||||
Balance,
December 31, 2003
|
8,244,000
|
5,000
|
347,700
|
(554,272
|
)
|
(201,572
|
)
|
||||||||
Issuance
of common stock in connection
|
|||||||||||||||
with
the merger of SMA
|
200,000
|
-
|
300,000
|
-
|
300,000
|
||||||||||
Issuance
of common stock in exchange
|
|||||||||||||||
for
cash
|
16,000
|
-
|
24,000
|
-
|
24,000
|
||||||||||
Net
(loss) for the year
|
-
|
-
|
-
|
(7,915
|
)
|
(7,915
|
)
|
||||||||
Balance,
December 31, 2004
|
8,460,000
|
$
|
5,000
|
$
|
671,700
|
$
|
(562,187
|
)
|
$
|
114,513
|
Restated
|
|||||||
2004
|
2003
|
||||||
CASH
FLOWS FROM OPERATING ACTIVITIES:
|
|||||||
Net
(loss)
|
$
|
(7,915
|
)
|
$
|
(554,272
|
)
|
|
Adjustments
to reconcile net (loss)
|
|||||||
to
net cash provided by (used in) operating
activities:
|
|||||||
Depreciation
|
41,640
|
17,769
|
|||||
Impairment
|
-
|
450,000
|
|||||
Common
stock issued for services
|
-
|
75,000
|
|||||
Changes
in assets and liabilities:
|
|||||||
(Increase)
decrease in accounts receivable
|
21,320
|
(539,935
|
)
|
||||
(Increase)
in inventory
|
(47,181
|
)
|
(30,126
|
)
|
|||
Decrease
in prepaid expenses and other current assets
|
51,144
|
30,120
|
|||||
Increase
in accounts payable and accrued expenses
|
17,029
|
83,536
|
|||||
Total
adjustments
|
83,952
|
86,364
|
|||||
Net
cash provided by (used in) operating activities
|
76,037
|
(467,908
|
)
|
||||
|
|||||||
CASH
FLOWS FROM INVESTING ACTIVITIES:
|
|||||||
Acquisition
of property and equipment
|
(63,141
|
)
|
(8,609
|
)
|
|||
Net
cash (used in) investing activities
|
(63,141
|
)
|
(8,609
|
)
|
|||
CASH
FLOWS FROM FINANCING ACTIVITIES:
|
|||||||
Increase
in liability for stock to be issued
|
-
|
24,000
|
|||||
Proceeds
from long-term debt
|
(18,420
|
)
|
65,283
|
||||
Proceeds
from debt - related parties
|
(235,192
|
)
|
350,521
|
||||
Payments
on long-term debt
|
-
|
(4,597
|
)
|
||||
Payments
on debt-related party
|
-
|
(77,260
|
)
|
||||
Common
stock issuance
|
200,000
|
160,500
|
|||||
Net
cash provided by (used in) financing activities
|
(53,612
|
)
|
518,447
|
||||
NET
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
|
(40,716
|
)
|
41,930
|
||||
|
|||||||
CASH
AND CASH EQUIVALENTS - BEGINNING OF YEAR
|
47,068
|
5,138
|
|||||
|
|||||||
CASH
AND CASH EQUIVALENTS - END OF YEAR
|
$
|
6,352
|
$
|
47,068
|
|||
SUPPLEMENTAL
DISCLOSURE OF CASH FLOW INFORMATION:
|
|||||||
Cash
paid during the year for interest
|
$
|
82,253
|
$
|
110,081
|
|||
SUPPLEMENTAL
NON-CASH INVESTING AND FINANCING ACTIVITIES:
|
|||||||
Net
assets received for stock (see note 1)
|
$
|
-
|
$
|
55,702
|
|||
Common
stock issued for goodwill
|
$
|
-
|
$
|
150,000
|
|||
Common
stock issued for services
|
$
|
-
|
$
|
75,000
|
Accounts
receivable
|
$
|
30,668
|
||
Fixed
assets, net of depreciation
|
112,214
|
|||
Other
assets
|
85,264
|
|||
Accounts
payable
|
(29,242
|
)
|
||
Notes
payable
|
(27,338
|
)
|
||
Other
payables
|
(115,864
|
)
|
||
Total
|
$
|
55,702
|
Balance
|
Charged
|
Balance
|
|||||||||||
at
Beginning
|
to
Costs and
|
at
End of
|
|||||||||||
of
Period
|
Expenses
|
Deductions
|
Period
|
||||||||||
Year
ended December 31, 2004
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
|||||
Year
ended December 31, 2003
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
Furniture
and fixtures
|
5
years
|
Equipment
|
5
years
|
Trucks
|
5
years
|
2004
|
2003
|
||||||
Net
(loss)
|
$
|
(7,915
|
)
|
$
|
(554,272
|
)
|
|
Weighted-average
common shares outstanding
|
|||||||
Basic
|
8,406,000
|
8,050,083
|
|||||
Weighted-average
common stock equivalents
|
|||||||
Stock
options
|
-
|
-
|
|||||
Warrants
|
-
|
-
|
|||||
Weighted-average
common shares outstanding
|
|||||||
Diluted
|
8,406,000
|
8,050,083
|
2004
|
2003
|
|||||||||
Equipment
|
$
|
71,461
|
$
|
36,228
|
||||||
Furniture
and Fixtures
|
|
57,882
|
29,974
|
|||||||
Transportation
Equipment
|
54,621
|
54,621
|
||||||||
183,964
|
120,823
|
|||||||||
Less:
accumulated depreciation
|
59,409
|
17,769
|
||||||||
Net
Book Value
|
$
|
124,555
|
$
|
103,054
|
2005
|
$
|
30,000
|
||
2006
|
30,000
|
|||
2007
|
27,500
|
|||
$
|
87,500
|
2005
|
$
|
18,420
|
||
2006
|
18,420
|
|||
2007
|
18,420
|
|||
2008
|
13,842
|
|||
$
|
69,102
|
2004
|
2003
|
||||||
Deferred
tax assets
|
$
|
188,740
|
$
|
186,603
|
|||
Deferred
tax valuation allowance
|
(188,740
|
)
|
(186,603
|
)
|
|||
Net
deferred tax assets
|
$
|
-
|
$
|
-
|
Accumulated
Deficit, December 31, 2003, as previously reported
|
($101,009
|
)
|
||
Reclassification
of deficit due to termination of S Corp.
|
123,439
|
|||
Prior
Period Adjustments
|
(576,702
|
)
|
||
Accumulated
Deficit, December 31, 2003, as restated
|
($554,272
|
)
|
||
Income
at December 31, 2003 as originally reported
|
$
|
22,430
|
||
Adjustments
|
(576,702
|
)
|
||
Net
loss as restated December 31, 2003
|
$
|
554,272
|
||
Income
per share, as previously reported
|
$
|
.003
|
||
Loss
per share, as restated
|
($.069
|
)
|
Name
and Age
|
Position
|
Term
|
Antonio
F. Uccello, III
|
Chairman/President/
Chief Executive
|
January
28, 2002
|
Age
36
|
Officer/Chief
Financial Officer
|
to
present
|
Andrei
A. Troubeev
|
Vice-President-Engineering
|
March
1, 2004
|
Age
37
|
to
present
|
|
Charles
A. Pearson, III
|
Vice-President-Sales
|
July
5, 2004
|
Age
38
|
to
present
|
|
Thomas
Bachman
|
Director
|
March
11, 2003
|
Age
57
|
to
present
|
|
Stephen
R. MacNamara
|
Director/Secretary
|
March
11, 2003
|
Age
50
|
to
present
|
Annual
Compensation
|
LongTerm
Compensation
|
||||||
Name
and Principal
Position
|
Year
|
Salary
$
|
Bonus
$
|
Other
Annual Compensation $
|
Stock
Grants #
|
All
Other
Compensation
$ (1)
|
|
Antonio
F. Uccello, III
Chief
Financial
Officer
|
2004
|
125,000
|
0
|
0
|
0
|
9,911
|
|
Andrei
A. Troubeeg
Vice
President,
Engineering
|
2004
|
40,000
|
0
|
0
|
|
9,607
|
|
Charles
A. Pearson, III
Vice
President
Sales
and Marketing
|
2004
|
40,000
|
0
|
0
|
0
|
2,706
|
Title
of Class
|
Name
and Address
Of
Beneficial Owner
|
Amount
and Nature
Of
Beneficial Owner
|
Percent
of Class
|
Common
Stock, No
Par
Value
|
Antonio
F. Uccello, III(1)
2100
19th
Street
Sarasota,
FL 34234
|
4,059,600(1)
|
49%(1)
|
Common
Stock, No
Par
Value
|
Abraham
Uccello(1)
637
Mecca Dr.
Sarasota,
FL 34234
|
2,388,000(1)
|
29%(1)
|
Common
Stock, No
Par
Value
|
Salvatore
Uccello(1)
6527
Waterford Circle
Sarasota,
FL 34238
|
716,400(1)
|
9%(1)
|
Common
Stock, No
Par
Value
|
Roger
P. Nelson(1)
14
Giovanni Drive
Waterford,
CT 06385
|
796,000
|
10%(1)
|
Totals
for Class as a
Whole
|
7,960,000(1)
|
97%
|
(1)
Title
of Class
|
(2)
Name
and Address
Of
Beneficial Owner
|
(3)
Amount
and Nature
Of
Beneficial Owner
|
(4)
Percent
of Class
|
Common
Stock, No
Par
Value
|
Antonio
F. Uccello, III(1)
2100
19th
Street
Sarasota,
FL 34234
|
4,059,600(1)
|
49.24%(1)
|
Common
Stock, No
Par
Value
|
Stephen
R. MacNamara(2)
1071
Meyers Park Drive
Tallahassee,
FL 32301
|
30,000
|
.364%
|
Common
Stock, No
Par
Value
|
Thomas
Bachman(3)
2960
S. McCall Road, Ste 210
Inglewood,
FL 34224
|
-
|
-
|
Common
Stock, No
Par
Value
|
Andrei
A. Troubeev(4)
7736
37th
Court E.
Sarasota,
FL
|
- |
- |
Common
Stock, No
Par
Value
|
Charles
A. Pearson, III(5)
6138
Turnbury Park Dr.
Apt.
6301
Sarasota,
FL 34234
|
-
|
-
|
Totals
for Class as a
Whole
|
4,089,600
|
49.60%
|
Exhibit
Number
|
Description
of Exhibit
|
3.1
|
Amended
Articles of Incorporation of Sign Media Systems, Inc. Incorporated
by
reference from our Form 10-SB filed as of May 4, 2004.
|
3.2
|
By-Laws
of Sign Media Systems, Inc. Incorporated by reference from our
Form 10-SB
filed as of May 4, 2004.
|
4.1
|
Specimen
Certificate of the Common Stock of Sign Media Systems, Inc. Incorporated
by reference from our Form 10-SB filed as of May 4,
2004.
|
10.1
|
Agreement
and Plan of Merger Among American Powerhouse, Inc., Sign Media
Systems
Acquisition Company, Inc. and Sign Media Systems, Inc. Incorporated
by
reference from our Form 10-SB/A Third Amendment filed as of February
9,
2005.
|
10.2
|
Distribution
Agreement between Sign Media Systems, Inc. and Applied Advertising
Network, LLC. Incorporated
by reference from our Form 10-SB/A Third Amendment filed as of
February 9,
2005.
|
10.3
|
Promissory
Note and Loan Agreement between GO! AGENCY, LLC and Sign Media
Systems,
Inc. Incorporated
by reference from our Form 10-SB/A Third Amendment filed as of
February 9,
2005.
|
10.4
|
Promissory
Note and Loan Agreement between Olympus Leasing Company and Sign
Media
Systems, Inc. Incorporated
by reference from our Form 10-SB/A Third Amendment filed as of
February 9,
2005.
|
10.5
|
License
Agreement for the acquisition of technology. Incorporated by reference
from our Form 10-SB/A Fourth amendment filed as of April 1,
2005.
|
10.6
|
Contribution
Agreement. Incorporated by reference from our Form 10-SB/A Fourth
amendment filed as of April 1, 2005.
|
14.1
|
Code
of Ethics. Incorporated by reference from our Form 10-SB filed
as of May
4, 2004.
|
16.4
|
Letter
on change in certifying accountant. Incorporated
by reference from our Form 10-SB/A Sixth Amendment filed as of
September
9, 2005.
|
21.
|
Our
Subsidiaries. Incorporated by reference from our Form 10-SB filed
as of
May 4, 2004.
|
31.1
|
|
31.2
|
|
32.1
|
2004
|
2003
|
||||||
Audit
Fees
|
$
|
23,000
|
$
|
7,000
|
|||
Audit
Related Fees
|
$
|
-0-
|
$
|
-0-
|
|||
Tax
Fees
|
$
|
-0-
|
$
|
-0-
|
|||
All
Other Fees
|
$
|
-0-
|
$
|
-0-
|