April 2, 2020
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: March 31, 2020
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 September 30, 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
(State or other jurisdiction of
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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)
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Issuer's telephone number, including area code: (616)312-5390
Transitional Small Business Disclosure Format (check one): Yes __ No X
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 $.005 PER SHARE. As of October
18, 2020, we started trading in the PINK NO INFORMATION tier of OTC Markets.
AS OF THE CLOSE OF BUSINESS MARCH 31, 2020, THE AGGREGATE MARKET
CAPITALIZATION ON A FULLY DILUTED BASIS IS $ 1,220,720.61, BASED ON A
CLOSING PRICE OF $.005 PER SHARE.
My Dear Shareholders and the Commissioners of the SEC,
****CURRENT UPDATE****
pjensen@myaccess-power.com
http://www.myaccess-power.com
https://www.otcmarkets.com/stock/ACCR/profile
I just filed the paperwork for the upgrade to OTC PINK CURRENT STATUS.
These are unprecendented times. We hired a Securities Counsel on a CASH
BASIS only:
Vic Devlaeminck PC
Securities Counsel
10013 N.E. Hazel Dell Avenue
Suite 317
Vancouver, WA 98685
(360) 993-0201
https://www.otcmarkets.com/learn/service-providers/3113?t=3
Access-Power & Co., Inc. is in the process with FINRA wo do to a name change.
The FLORIDA STATE SECRETARY OF STATE filing for our name change
is found here:
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=
COR%5C2020%5C0327%5C41178718.Tif&documentNumber=P96000083992
As of March 31, 2020,
Authorized Common Stock: 300,000,000 shares
Outstanding Common Stock: 300,000,000 shares
Estimated Float: 98,376,146 shares
Restricted Common Stock: 201,625,854 Total Restricted shares or
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As of March 31, 2020, we have $1,201.90 in our Premiere Checking account now.
We will be planning a 10-1 classic textbook merger.
Our #1 GOAL IS TO GET ACCESS-POWER, INC TO THE PINK CURRENT
TIER, and to get a MARKET MAKER to file our FORM 211 with FINRA.
We deserve a chance just like the millions of other Companies in the tiers.
On March 30, 2020, we merged with ACCESS-POWER LLP. This is
an international company that is in the Power Renewable Market.
The website for this organization is found here:
http://www.access-power.com
I certify, that Patrick J. Jensen invented and created this website in 2012.
The Dubai government, the DMCC bought the website in 2013.
STEPHANE BONTEMPS is the new CEO of the Company.
I have known STEPHANE via Linkedin for almost 3 years. I will remain as CFO
and Director of this Company. STEPHANE's profile may be found here:
https://www.linkedin.com/in/stephane-bontemps-3757b05
I have all my texts and communications with STEPHANE saved for our
Corporate files. Our plan is to perform a 10-1 CLASSIC TEXTBOOK REVERSE
MERGER.
I am waiting on a FUNDING AGREEMENT. We agreed in principle to fund
ACCR at par value $.001 270,000,000 shares to be issued or $270,000,000.00.
Further, I will be cancelling 15,000,0000 restricted shares as a gesture on
my part. This will give Access-Power Power Renewables a total of
285,000,000 future shares or 95.00% of the Company. AFRICA is our target...
PRE MERGER
AS 500,000,000
OS 244,144,121
POST MERGER
AS 300,000,000
OS 300,000,000
The LLP will drop the LLP, and has merged with ACCR. We are just waiting on
the funding agreement from our new CEO, STEPHANE.
PATRICK
Part I. Financial Information
Item 1. Financial Statements
ACCESS-POWER, INC.
(An Emerging Growth Company)
Balance Sheets Comps Assets
March 31, Dec 31,
2020 2019
------------------------- --------------
(unaudited)
Current assets:
Cash $ 1,205.61 $1,138.73
CDs
Accounts receivable $ 0 $ 0
Prepaid expenses $1,500.00 $1,000.00
----------------------------- ------------
Total current assets $ $ 2,638.73 $2,138.73
--------------------------------------
Property and equipment, net $ 0 $ 0
Other assets $ 0 $ 0
---------------------------------------------------------
Total assets $ 2,638.73 $ 2,138.73
====================================
Liabilities and
Stockholders' Equity
(Deficit)
Current liabilities:
Accounts payable and accrued
expenses $2,000.00 $ 0
Current portion of long-term debt -
Total current liabilities $ 0 $ 0
Convertible debentures $ 0 $ 0
Total liabilities $2,000.00 $ 0
----------------------------------
Stockholders' equity
(deficit):
Common stock,
$.001 par value,
authorized
300,000,000 shares issues
=================================
Total liabilities
and stockholders'
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equity (deficit) $300,000,000.00 $244,144.12
ACCESS-POWER, INC
CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS (unaudited)
THREE MONTHS ENDED September 30, 2019:
CASH FLOW
REVENE $ 6,890.50
COST OF REVENUE $ 0
---------------------------------------------------------------------------
GROSS PROFIT (LOSS) $ 6,890.50
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OPERATING EXPENSES
Selling, general and administrative exp rent, and utilities $ 0.00
Consulting fees $ 0.00
Professional fees and related expenses $ 28,200.00
TOTAL OPERATING EXPENSES $ 0.00
Salaries $ 36,000.00
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 $ 28,200.00
PROVISION FOR INCOME TAXES
treated as prepaid expense on
balance sheet $ 0.00
NET (LOSS) INCOME $ (7,8000.00)
BASIC (LOSS) INCOME PER SHARE
DILUTED (LOSS) INCOME PER SHARE $ (000.00)
WEIGHTED AVERAGE COMMON SHARES
OUTSTANDING BASIC 300,000,000 shares
RESTRICTED SHARES 201,625,854 shares
ESTIMATED FLOAT LESS THAN 98,376,146 shares
/s/
Patrick J Jensen
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Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS
Overview and Plan of Operation
OIL REVENUES TO BE DERIVED BY EMERGING MARKETS
COUNTRIES HAS CHANGED FOREVER.
Business Overview
ACCR will come back. We have multiple business segments. We are
following direction from our new CEO, STEPHANE BONTEMPS.
He isan international powerhouse.
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.
I am waiting on my SSA.GOV soon to be paid.
Access-Power, Inc. has TWO (2) key employee.
We were incorporated back on October 10, 1996. There was
a change in control in the Registrant on June 4, 2018.
WE ARE IN THE PROCESS OF A FINRA NAME CHANGE
FROM: ACCESS-POWER, INC TO
ACCESS-POWER & CO., INC. I have another dream:
http://tsdr.uspto.gov/#caseNumber=88690325&caseType=
SERIAL_NO&searchType=statusSearch
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 PINK NO INFORMATION
TIER OF OTC MARKETS IN THE OTC.
We are current in our obligation to report with the SEC.
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: $30,000.00
At $.001 BID, the entire value of the Company shares on a fully
diluted basis is: $300,000.00
At $.01 BID, the entire value of the Company shares on a fully
diluted basis is: $3,000,000.00
At $.06 BID, the entire value of the Company shares on a fully
diluted basis is: $30,000,000.00
at $.100 BID the entire value of the Company shares on a fully
diluted basis is: $300,000,000.00
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
My contact information is:
pjensen@myaccess-power.com
616-312-5390
Our comeback song:
https://www.youtube.com/watch?v=xbhCPt6PZIU
Access-Power, Inc. was the victim of naked convertible short selling.
This is the reason why we have a RED STOP SIGN at OTC
MARKETS.COM, and I am planning on getting rid of this very soon.
There is NO DILUTION PERIOD in Access-Power, INC.
I have a vision to do this merger. It has been my dream
to do this. I will do this. Why? This is a perfect time for a
classic reverse merger as an alternative
re-IPO process. I believe in myself,
Respectfully yours,
PATRICK
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
October 2, 2019
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Caution Concerning Forward Looking Statements:
Please also see our annual reports on Form 10-K and quarterly reports on Form
10-Q that we file with the SEC. Caution Concerning Forward Looking Statements
Our public communications and SEC filings may contain "forward-looking
statements" - that is, statements related to future, not past, events. In this
context, forward-looking statements often address our expected future business
and financial performance and financial condition, and o ften contain words
such as "expect," "anticipate," "intend," "plan," " believe," "seek," "see,"
"will," and "would." This section contains important information about
our forward-looking statements
Forward-looking statements by their nature address matters that are, to
different degrees, uncertainty and statements about potential business or asset
dispositions. For us, particular uncertainties that could cause our actual
results to be materially different than those expressed in our forward-looking
statements.
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