ACCR Access Power & Co Inc (PK)

January 2nd, 2020

PERIOD and DOCUMENT:                    10KSB for the FULL YEAR 12/31/2019
COMPANY CONFIRMED NAME:                 ACCESS-POWER, INC.
CENTRAL INDEX KEY:                      0001041588
FORM TYPE:                              10KSB
SEC FILE NUMBER:                        333-65069
BUSINESS ADDRESS:
STREET 1:                               17164 DUNE VIEW DRIVE
STREET 2:                               APT 106
CITY:                                   GRAND HAVEN
STATE:                                  MI
ZIP:                                    49417

Respectfully submitted to the,

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
The Division of Corporation Finance,
100 F Street NE, Washington, D.C. 20549

FORM 10-KSB

/X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2019.

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM ______ TO _____

COMMISSION FILE NUMBER: 333-65069

ACCESS-POWER, INC.

[Exact name of Registrant as
specified in its charter]

*** FLORIDA ***

Domicile State or other jurisdiction of
incorporation or organization
http://www.sunbiz.org

*** MICHIGAN ***

State of Operations
https://cofs.lara.state.mi.us/SearchApi/Search/Search

59-3420985
(I.R.S. Employer
Identification No.)

17164 DUNE VIEW DRIVE
APT 106
GRAND HAVEN, MI 49417

or

PO BOX 598
Grand Haven, MI 49417

(Address of principal executive offices)

REGISTRANTS TELEPHONE NUMBER, INCLUDING AREA CODE: 616-312-5390

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: NONE

SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:
COMMON STOCK, $0.001 PAR VALUE - 500,000,000 shares authorized.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No X

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No X

The Company has had discussions with the SEC regarding a FRAUD FORM 15 that was filed by previous management in 2007. We believe that we have a fiduciary responsibility to report transaprent information to our Shareholders.

We were victims of toxic death spiral debentures from 1998 to 2008. PLEASE FORGIVE OUR PAST. The past it the past, and we wish to move forward with a plan to become fully current with the SEC. We are trying the best we can within the Spirit of the Law.

https://www.sec.gov/Archives/edgar/data/1041588/ 000117347307000043/0001173473-07-000043-index.htm

Indicate by check mark whether the registrant (1) has filed all reports required to be filed be Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes X No

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (Section 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.

Indicate by check mark whether the registrant is a large a ccelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of large accelerated filer, accelerated filer, smaller reporting company, and emerging growth company in Rule 12b-2 of the Exchange Act.

Large accelerated filer NO Accelerated filer NO Non-accelerated filer NO (Do not check if a smaller reporting company)

Smaller reporting company YES
Emerging growth company YES

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to ection 13(a) of the Exchange Act.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No X

The aggregate market value of the voting common stock held by non-affils. of the registrant (assuming officers and directors are affiliates) was approximately $1,017,140.59 as of 12/3119, computed on the basis of the closing price on such date.

As of January 2nd, 2020, there were 244,144,121 shares of the registrant's
Common Stock outstanding. PATRICK J JENSEN, Director of Access-Power, Inc. has 131,128,500 Restricted Shares. 113,015,621 + 131,128,500 = 244,144,121
total shares available of Access-Power, Inc. common stock.

*****WE ONLY HAVE COMMON STOCK*****

*****WE DO NOT HAVE CONVERTIBLE NOTES or WARRANTS*****

THE TOTAL MARKET CAPITALIZATION AS OF THE CLOSE OF BUSINESS January 2nd, 2020 IS 2,197,297.09 BASED ON A CLOSING PRICE OF $.009 PER SHARE.

**** CURRENT UPDATE ****

Our comeback journey continues. We are very excited about our future.

We filed our first tax return in 18 years. We hired H&R Block of Muskegon to look over and supervise and review all of our financial bank records and statements for 2018 and 2019. We believe in 100% Transparency. We are making very good informed decisions. H&R BLOCK engagement--->

This occured on November 5, 2019 - our date of engagement with HR&BLOCK

In November of 2019 , we have started an application with the State of Michigan to obtain a MicroMarijuana business. We only plan to operate our futuristic plan of delivering Marijuana Plants by Drones via a service called Clones by Drones TM. This process could take 2-3 years to implement. The application was started at:

https://aca3.accela.com/MIMM/Login.aspx

The Company believes it has the right to commence operations with a pending license application. ACCR has a very super cool business model that will defy conventional logic---> LOGISTICs are simple.

We expect to get the licenses, zoning requirements, and permits necessary to operate our BUSINESS PLAN. WE HAVE A SALES BUSINESS PLAN. ACCR has a business plan that represents my DREAMs in life. I will not hurt my Shareholders. Everyone is welcome, and ACCR is grateful and thankful. We are not sellers of our common stock. PERIOD.

Access-Power, Inc. has a big task ahead of itself. We have many obstancles to grow our 20' x 20' Master Mother Grow and Cloning Rooms. We would expect to be fully operational with inventory in 3 months of beginning construction. We do not have Clones by Drones operational yet to accept Visa/Martercard or Pay/Pal payments. We expect to turn on our eCommerce website sometime in 2020 or possibly 2021. Probably in 2020. We believe in only MEDICAL MARIJUANA, and will not offer at the moment any products to people that do not possess a valid Medical Marijuana Card issued by any State. There are dispensaries here in Michigan that accept patients from out of State. We plan to mirror the growth's of the Dispensaries. We plan to grow around the dispensaries, and offer our cool and futuristic service by Drones. Access-Power, Inc. has in its business plan a way to logistically deliver in a very cost effective way.

BACK to our engagement with H&R Block on November 5, 2019.

We realize that this is not a PCAOB firm, PLEASE... however, this is all the Company can afford. Within the spirit of the law, we are filing these documents to report transparency to our Shareholders. We have spoken to the SEC regarding this requirement, and it is the Companies intention to hire a PCAOB firm in 2020 or in 2021. We have to start somewhere and again it is our goal to fully hire a PCAOB accountant in the year 2020 or 2021. We have communicated our 2 year plan with the SEC. We have a very transparent relationship with many divisions of FINRA. The Company has great contacts at OTC Markets. The Company also has a trusting relationship that is very open with the SEC.

Access-Power, Inc. was the victim of toxic convertible death spiral debentures from inception through 2008. I purchased common stock during this time, and slowly became a 10% stock holder over the years. The Florida Law which allowed us to fire all previous crooked Directors is Chap 607.0702 of the 2012 Florida Senate Law.

The Company has survived a short attack, and the Company will attempt to hire an attorney in 2020 to represent us.

ON DECEMBER 13, 2019, ACCESS-POWER, INC. eFILED ITS FIRST STATE AND FEDERAL TAX RETURN IN OVER 18 YEARS. THE eFILE WAS ACCEPTED BY ALL PARTIES ON DECEMBER 19, 2019. ACCESS-POWER, INC. PLANS TO CONTINUE TO WORK WITH OUR TEMPORARY AUDITOR THROUGHOUT 2020. WE ARE STRIVING TO BE A VERY TRANSPARENT AND CURRENT REPORTING ENTITY. THERE ARE ONLY 98,144,246 SHARES IN OUR PUBLIC FLOAT. THIS IS FIXED, AND THERE IS NO DILUTION, I REPEAT....NO DILUTION IN THE COMPANY COMMON SHARES THROUGHOUT 2020 AND 2021. AGAIN, THE SUPPLY OF STOCK IS FIXED.

We are a micro-cap business with very struggling revenues at the moment, and we are developing the first eCommerce website to deliver Marijuana, Marijuana plants, and other Marijuana products such as Edibles by Drones. We are going through a rough economic business cycle. We applied for a Trademark SERVICE MARK on November 13, 2019.

We will succeed. This may take a few years to develop. At the present time, I am still waiting for our Companies previously announced $50,000.00 donation. This may take another 6-9 months.

There are many entities that do not want ACCR to comeback.

As of the close of business January 1st 2020, our commomn stock structure is as follows:

Authorized Common Stock: 500,000,000 shares Outstanding Common Stock: 244,144,121 shares Estimated Float: Substanstially less than 98,244,146 shares Restricted Common Stock: 145,769,975 shares

https://www.otcmarkets.com/stock/ACCR/profile

We have public profiles at:

https://www.linkedin.com/in/patrick-j-jensen-564946b4 https://www.twitter.com/AccessOtc
https://www.twitter.com/AccrOtc
https://brokercheck.finra.org/individual/summary/1952963

OUR CORPORATE WEBSITEs ARE:

http://www.myaccess-power.com
http://www.clonesbydrones.com
http://www.mycbdpets.com
http://www.nyumarijuana.com

Access-Power, Inc.'s contact is pjensen@myaccess-power.com.

We applied for a Trademark for Clones By Drones TM. The service will be very futuristic, and will be the first of its kind.

Access-Power, Inc. is in good standing and has a very good relationship with our Transfer Agent, Standard Transfer & Co. Our Transfer Agent is SEC registered, and except for one change in ownership in 2007, is our original transfer agent dating back to 1996. Our transfer agent is SEC registered and has a profile at:

https://www.sec.gov/divisions/marketreg/mrtransfer.shtml https://www.otcmarkets.com/learn/service-providers/2433?t=6

https://standardtransferco.com

Standard Transfer & Co.
440 East 400 South Suite 200, Salt Lake City, Utah 84111 Phone (801) 571-8844 Fax: (801) 328-4058

Our ticker symbol ACCR and further information may be found at:

https://www.sec.gov/cgi-bin/browse-edgar?CIK=accr

State the aggregate market value of the voting stock held by non-affiliates
computed by reference to the price at which the stock was sold, or the average
bid and asked prices of such stock as of a specified date within the past 60
days: $1,130,156.21

At January 1st 2020, there were issued and outstanding 244,144,121 shares of Common Stock, and Patrick J. Jensen owns 131,128,500 shares or 53.7090
percent of all the Common Stock. I am willing to give up Control and a
percentage of the Company, for an Equity Partner in our Company. All
131,128,500 are currently restricted and held in book entry form at the Transfer Agent. I am actively looking for a MERGER DEAL.

There are currently a total of 98,244,146 shares registered in our float.
Management continues to believe that there is a massive short position in our Company stock that was accumulated from 1999 to 2008, and we estimate
this short position to be massive. As Director of this Company, I want to
apologize to my Shareholders for previously stating that our estimated float
was between 5,000,000 and 10,000,000. Although I firmly believe the float
in our Company stock is substantially lower than the official 98,244,146 shares
reported to OTC Markets.

We care about our Shareholders dearly, and our top priority is investor protection. There is NO DILUTION IN THE COMMON STOCK OF ACCR.

Assets
                       September 30,         December 31,
                                2019                 2019
                  ------------------   ------------------
(unaudited)
Current assets:
      Cash                  $   1.48          $   1,138.73
      CDs
      Accounts receivable        $ 0                  $  0
      Prepaid expenses
      Hollistic
      Legendary Seeds     $ 1,000.00          $   1,000.00
                  ---------------------------------------
Total current assets      $ 1,001.48          $   2,138.73
                  ----------------------------------------

Property and equipment, net
ACCR Car                  $        0          $   1,000.00

Other assets              $        0          $          0
                  ---------------------------------------
Total assets               $ 1,001.48           $ 3,138.73
                   =======================================
                   =======================================

Liabilities and
Stockholders' Equity
(Deficit)

expenses rent          $     1,500.00         $  1,500.00
Cable, Internet, and TV  $     185.00         $    185.00
Electricity, Gas,
Water, and Sewer         $     100.00         $    100.00

Marketing Expenses            $500.00         $    500.00
Food, Office supplies, etc $   100.00         $    100.00

Current portion of
long-term debt                     -                    -
Total current liabilities        $ 0                 $  0

Convertible debentures/notes
and Warrants                     $ 0                 $  0
                  ------------------   ------------------

Par Value of
Equity Structure          $  244,144.12       $  244,144.12

                    =======================================



ACCR
Total liabilities
and stockholders'
equity (deficit)        $  244,144.12         $  244,144.12

                    =======================================

Patrick J  Jensen Personal Donation        $     12,432.73
REVENUE                                    $     17,407.00
COST OF REVENUE                            $             0
----------------------------------------------------------
GROSS PROFIT (LOSS)                        $     29,839.73

OPERATING EXPENSES

Selling, general and administrative exp
         rent, and utilities               $     28,200.00
Consulting fees                            $          0.00
Professional fees and related expenses     $          0.00
TOTAL OPERATING EXPENSES                   $     28,200.00

Salaries to Patrick J. Jensen              $          1.00
Fair value of derivative liability         $          0.00
OTHER INCOME  nonrecurring                 $          0.00
Gain on debt extinguishment                $          0.00
INCOME BEFORE PROVISION FOR                $        499.00
INCOME TAXES                               $          0.00

PROVISION FOR INCOME TAXES
treated as prepaid expense on
balance sheet                              $          0.00
NET (LOSS) INCOME                          $      1,138.73
BASIC (LOSS) INCOME PER SHARE
DILUTED (LOSS) INCOME PER SHARE            $      1,138.73
WEIGHTED AVERAGE COMMON SHARES
OUTSTANDING  BASIC                      244,144,121 shares

TOTAL RESTRICTED SHARES                 145,769,975 shares
ESTIMATED FLOAT LESS THAN               98,244,146  shares
Estimated Trading Float substantially
lower than                              98,244,146  shares

Market Changes
ACTION TYPE     EFFECTIVE DATE  SYMBOL  DESCRIPTION
Market Change   10/30/2008      ACCR    Market change from Pink No

/s/

Patrick J. Jensen
President, Treasurer, and Director

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