January 7th, 2019
PERIOD and DOCUMENT: 10KSB for the FULL YEAR 12/31/2018
COMPANY CONFIRMED NAME: ACCESS-POWER, INC.
CENTRAL INDEX KEY: 0001041588
FORM TYPE: 10KSB
SEC FILE NUMBER: 333-65069
STREET 1: 17164 DUNE VIEW DRIVE
STREET 2: APT 106
CITY: GRAND HAVEN
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
/X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED
DECEMBER 31, 2018.
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
(Exact name of Registrant as specified in its charter)
(State or other jurisdiction of
incorporation or organization)
17164 DUNE VIEW DRIVE
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
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
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-affiliates
of the registrant (assuming officers and directors are affiliates) was
approximately $11,301.00 as of December 31, 2018, computed on the basis of
the closing price on such date.
As of January 8, 2019, there were 244,144,121 shares of the registrants
Common Stock outstanding. THE TOTAL MARKET CAPITALIZATION AS OF THE CLOSE
OF BUSINESS JANUARY 7TH, 2019 IS $24,400.00, BASED ON A CLOSING PRICE OF
$.0001 PER SHARE.
ACCESS-POWER, INC. is buying back stock into it's Treasury.
The float is revised and estimated at less than 5,000,000 shares.
AS OF THE CLOSE OF BUSINESS JANUARY 7TH, 2019, A
FINRA MEMBER FIRM IS REPORTING
A NAKED SHORT POSITION OF ALMOST 2,000,000 OF OUR COMPANY STOCK:
As of the close of business January 7th 2019
there were issued and outstanding 244,144,121 shares
of our Common stock. We have a treasury of 500,000,000 Authorized
shares of Access-Power Inc common stock, so that means that we have
about 255,000,000 shares AVAILABLE for issuance. We have $500 in our
premiere checking account now. We are a For Profit Corporation
active in the State of Florida, operating in Michigan for the time
being. Access-Power, Inc. is for sale.
ACCR COMEBACK SONG:
OUR WEBSITE IS:
Access-Power, Inc.'s contact is email@example.com
Access-Power, Inc. is in good standing
with Standard Registrar & Transfer.
Our Transfer Agent is SEC registered, and except for one
change in ownership in 2007, is our original transfer agent dating
back to 1996.
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:
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
At January 7th, 2019, 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.
ITEM 1. DESCRIPTION OF BUSINESS
Access-Power, Inc, is a for profit business looking for a MERGER CANDIDATE.
ITEM 1a. RISK FACTORS
Access-Power, Inc. sees RISK EVERYWHERE.
ITEM 1b. UNRESOLVED STAFF COMMENTS
ITEM 2. PROPERTY
ITEM 3. LEGAL PROCEEDINGS
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
ITEM 5. MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
THERE IS NO MARKET MAKER QUOTING OUR COMPANY STOCK.
ITEM 6. SELECTED FINANCIAL DATA
(An Emerging Growth Company)
Balance Sheets Comps
September 30, December 31,
Cash $ 124.10 $ 500.00
Accounts receivable $ 0 $ 0
Prepaid expenses $ 0 $ 0
Total current assets $ 124.10 $ 500.00
Property and equipment, net $ 0 $ 0
Other assets $ 0 $ 0
Total assets $ 124.10 $ 500.00
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
$.001 par value,
issued and outstanding
and 244,144,121 shares
as of December 31st, 2018
and Dec 31, 2017
equity (deficit) $ 244,144.00 $ 244,644,00
CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS (unaudited)
FISCAL YEAR ENDED December 31st, 2018
CASH FLOW OF OPERATIONS
REVENE $ 29,061.00
COST OF REVENUE $ 28,561.00
GROSS PROFIT (LOSS) $ 500.00
Selling, general and administrative exp
rent, and utilities $ 0.00
Consulting fees $ 0.00
Professional fees and related expenses $ 0.00
TOTAL OPERATING EXPENSES $ 0.00
Salaries $ 28,561.00
Fair value of derivative liability $ 0.00
OTHER INCOME nonrecurring $ 0.00
Gain on debt extinguishment $ 0.00
INCOME BEFORE PROVISION FOR $ 500.00
INCOME TAXES $ 0.00
PROVISION FOR INCOME TAXES
treated as prepaid expense on
balance sheet $ 0.00
NET (LOSS) INCOME $ 500.00
BASIC (LOSS) INCOME PER SHARE
DILUTED (LOSS) INCOME PER SHARE $ 500.00
WEIGHTED AVERAGE COMMON SHARES
OUTSTANDING BASIC 244,144,121 shares
RESTRICTED SHARES 129,641,475 shares
ESTIMATED FLOAT LESS THAN 5,000,000 shares
ITEM 7. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
Access-Power, Inc. is for sale.
ITEM 7a. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Access-Power, Inc. is not concerned about market risk.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
See item 6.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
AND FINANCIAL DISCLOSURE
ITEM 9A. CONTROLS AND PROCEDURES
Access-Power, Inc. has strict rules to follow and a Corporate Governance.
ITEM 9B. OTHER INFORMATION
Access-Power, Inc. will succeed, and will come back.
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERANCE
Patrick J. Jensen - Registered owner of 131,128,500 shares of ACCR.
ITEM 11. EXECUTIVE COMPENSATION
Patrick J. Jensen is the only KEY EMPLOYEE.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT AND RELATED STOCKHOLDER MATTERS
Patrick J. Jensen - Registered owner of 131,128,500 shares of ACCR.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
***** CERTIFIED *****
ALL OTHER QUESTIONS and PARTS OF THE FORM: THE ANSWER IS NONE or
I DO NOT KNOW.
This filing is a technical requirement in order to maintain our current
reporting status. As of the close of business January 7th, 2019
there were issued and outstanding 244,144,121 shares of our Common stock.
Access-Power Inc. has $500 in our premiere checking account.
We are a For Profit Corporation active in the State of Florida,
operating in Michigan for the time being. Access-Power, Inc. is for sale.
Pursuant to the requirements of Section 13 or 15(d) 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, on
January 7th, 2019.
Patrick J. Jensen
President, Treasurer, and Director
January 7th, 2019