July 1, 2018
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 30, 2018
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-QSB
/X/ Quarterly Report Under Section 13 or 15(d) of
The Securities Exchange Act of 1934
For the Quarterly Period Ended March 31, 2001
/_/ 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)
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 ___
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The Company is aware that the ECG disclosure occured in the Fall 2017.
We are including this disclosure in our financial documents because we
intend to catch up our on filings. A Super 10K
was discussed with the Commission; however, we have elected to file
individual quarterly and annual reports as required by federal law.
https://www.sec.gov/rules/final/2017/33-10332.pdf
Indicate whether registrant is a shell company: Yes ___ NO X
MOST RECENT CLOSING PRICE $.0006 PER SHARE. There is no bid for our
common stock while ACCR is traded on the grey sheets.
AS OF THE CLOSE OF BUSINESS JUNE 30, 2018, THE AGGREGATE MARKET
CAPITALIZATION ON A FULLY DILLUTED BASIS IS $ 146,486.27, BASED ON A
CLOSING PRICE OF $.0006 PER SHARE.
****CURRENT UPDATE****
pjensen@myaccess-power.com
http://www.myaccess-power.com
https://www.otcmarkets.com/stock/ACCR/profile
Management has decided to retain the IRS EIN# 59-3420985 now that we are
officially IRS debt free.
As of July 1, 2018
Authorized Common Stock: 500,000,000
Outstanding Common Stock: 244,144,121
Available Stock for Issuance: 255,855,879
Restricted Common Stock: 129,641,475
We have $168.36 in our premiere checking account now.
ROAD OF PERDITION to a SONG OF HOPE
https://www.youtube.com/watch?v=xbhCPt6PZIU
In 2012, Access-Power, Inc. created owned the website
http://www.access-power.com
https://web.archive.org/web/20120918231458/http://www.access-power.com:80
Sometime in 2013, someone purchsed our website, and the owner
http://www.dmcc.ae purchased our website. The DUBAI GOVERNMENT
owns the website, and it saysso on their website:
"The Website is owned and operated by Access, whose principal office is at
Office 3001, BB1 Tower Mazaya Business Avenue, JLT, PO Box 73766 Dubai,
UAE. Access is a Dubai Multi Commodities Center Companies."
http://www.access-power.com/terms-and-conditions
I want to buy it back! That is the reason for my new website
http://www.myaccess-power.com.
Management plans to sell controlling interest to Access-Power MEA, via
a merger with the hopes of one day granting them the ability to finance
their global growth renewable projects around the World. We share the
same name, and that is all we share at the moment. There
is a very good chance that we will never sell the Corporation. ACWA POWER
was in the news very recently with stated plans to go public sooner rather
than later:
https://www.arabianbusiness.com/energy/399394-acwa-power-
considering-an-ipo-sooner-rather-than-later
We have only dreams that Wall Street will help us, and communicate our
story with them. We have no relationship to Access Power MEA or
ACWA POWER. We plan to sell controlling interest in the Company,
so that they can use our common stock as a way to fund their Global
Growth in the power renewables energy sector.
No one in the United States can use our Company name. We have priority
dating back to October 10, 1996. The Florida Secretary of State will
protect our Shareholders from any entity that tries to copy and
mimick our name. In addition, Management is diligently working
towards its #1 goal at the current moment:
#1 GOAL IS TO GET ACCESS-POWER, INC OFF THE GREY SHEETs.
Priority will be to secure a
Market Maker, who will file a Form 211 with FINRA. We are 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, so many.
For one, there is coordination between the SEC, FINRA,
CUSIP, DTC, the transfer agent, and OTCMARKETS.com.
Many entities do not want our Company to comeback. There is a
good chance that We will fail. However, if you believe that Patrick
J Jensen is going to fail, we have one thing to say in regards to this:
YOU GOT ANOTHER THING COMING!
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,
2018 2018
------------------ -------------------
(unaudited)
Current assets:
Cash $168.36 $ 0
CDs
Accounts receivable $ 0 $ 0
Prepaid expenses $ 0 $ 0
---------------------------------------
Total current assets $168.36 $ 0
---------------------------------------
Property and equipment, net $ 0 $ 0
Other assets $ 0 $ 0
---------------------------------------
Total assets $168.36 $ 0
=======================================
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 $ 0
=======================================
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Total liabilities
and stockholders'
equity (deficit) $ 244,312.48 $ 0
ACCESS-POWER, INC
CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS (unaudited)
THREE MONTHS ENDED JUNE 30, 2018
STARTED OPERATION as June 4, 2018 OPERATIONS
CASH FLOW
REVENE $ 3,209.00
COST OF REVENUE $ 3,100.00
----------------------------------------------------------
GROSS PROFIT (LOSS) $ 109.00
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OPERATING EXPENSES
Selling, general and administrative exp
rent, and utilities $ 2,100.00
Consulting fees $ 0.00
Professional fees and related expenses $ 999.00
TOTAL OPERATING EXPENSES $ 3,100.00
Salaries $ 1.00
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 $ 3,209.00
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 103,000,000 shares
/s/
Patrick J Jensen
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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 in October 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 LLC, 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.
Mr. Jensen currently works about 40 hours per week with an intense
desire to return ACCR to the throne. Mr. Jensen currently services a
variety of businesses as an independent contractor. Some of his customers
include Pizza Hut, Disney Dining Reservations, and Carnival Cruise Lines.
Mr. Jensen also handles incoming (800) orders for Pro Active, Bare Minerals,
Office Depot, Derma Wand, Nutribullet, and many other infomercials that
cater to the retail segment of our economy. Mr. Jensen is a top salesman.
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
NONE
**********
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.
(b) No Reports on Form 8-K were filed during this period
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, however, of all the names of
all the Power Companies in the World, why did someone in the Dubai Govt
decide to buy my old website, and call it the same name as our
Corporation. Almost, as if we were PICKED IN TIME. I do not know where this
road will lead us on this fixed-supply "244,144,121 person roller coaster ride."
Again, my #1 goal is to get our Company off the grey sheets. We are
actively seeking solicitations from a prospective market maker to
quote our securities and risk their firm capital for their gain. We believe
this is a winning proposition to their Form 211 filing.
At a closing price of $.0006, the whole Company is valued at $146,486.27.
pjensen@myaccess-power.com
616-312-5390
I will succeed because I am a WARRIOR!
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 1, 2018
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