EX-99.3 6 v076087_ex99-3.htm
 
Exhibit 99.3

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

CERTIFICATION
 
I, Steven J. Hixson, President of AnyWhere MD, Inc. on this 14th day of February, 2007 hereby certify that the year end, January through December 31, 2006 financial statements filed herewith and all the notes thereto, fairly represent in all aspects, the financial position and results of operations for the periods presented in conformity with accounting principles generally accepted (GAAP) in the United States. The undersigned hereby states that he has read the information set forth herein above, and attests hereby to the best of his knowledge and belief; such information is true and correct.

Signed this 14th Day of February 2007
 
AnyWhere MD, Inc
 
/s/ Steven J. Hixson
 
 
 

 

 ANYWHERE MD, INC
PROFIT & LOSS
UNAUDITED
JANUARY THROUGH DECEMBER 2006

   
Jan - Dec
 
   
'06
 
    Income
     
      4000 Income
     
        Data Base
   
6,715.00
 
        Forms
   
3,218.26
 
        Hardware
   
12,537.00
 
        Shipping
   
5,865.93
 
        Software
   
279,018.13
 
        Tech Support
   
240,864.00
 
        4000 Income - Other
   
30,492.00
 
      Total 4000 Income
   
578,710.32
 
         
    Total Income
   
578,710.32
 
         
    Cost of Goods Sold
       
      5000 Cost of Goods Sold
   
31,073.29
 
    Total COGS
   
31,073.29
 
         
Gross Profit
   
547,637.03
 
         
    Expense
       
      6100 Advertising
   
42,101.00
 
      6110 Automobile Expense
   
27,180.13
 
      6120 Service Charges
   
19,223.52
 
      6140 Contributions
   
6,856.76
 
      6145 Conventions and Seminars
   
260.00
 
      6160 Dues and Subscriptions
   
11,526.45
 
      6165 Employee Benefits
   
4,637.17
 
      6180 Insurance
   
36,827.06
 
      6210 Janitorial
   
1,620.00
 
      6215 Lease Payments
   
11,709.83
 
      6220 Legal & Professional
   
1,807.19
 
      6230 License & Permits
   
820.50
 
      6235 Maintenance & Repairs
   
1,573.03
 
      6245 Payroll
   
239,717.22
 
      6247 Payroll Tax Expense
   
22,395.23
 
      6250 Postage & Shipping
   
8,300.22
 
      6280 Refunds
   
4,781.64
 
      6290 Rent
   
51,208.88
 
      6300 Supplies
   
10,818.58
 
      6330 Taxes
   
1,199.12
 
      6340 Telephone
   
40,417.45
 
      6350 Travel & Entertainment
   
10,079.88
 
      6390 Utilities
   
9,213.86
 
      6999 Uncategorized Expenses
   
0.00
 
    Total Expense
   
564,274.72
 
Net Income
   
-16,637.69
 

 
 

 
ANYWHERE MD, INC BALANCE SHEET
UNAUDITED
JANUARY THROUGH DECEMBER 2006

   
Dec 31,
 
   
'06
 
ASSETS
     
  Current Assets
     
    Checking/Savings
     
      1002 Cash In Bank Credit Cards    
13,291.85
 
      1000 Cash In Bank    
-9,939.88
 
      1010 Petty Cash    
200.00
 
    Total Checking/Savings
   
3,551.97
 
         
    Other Current Assets
       
      1250 Accounts Receivable Shareholder    
39,372.48
 
      1300 Inventory        
        Forms    
1,843.24
 
        1300 Inventory - Other    
1,855.41
 
      Total 1300 Inventory    
3,698.65
 
         
    Total Other Current Assets
   
43,071.13
 
         
  Total Current Assets
   
46,623.10
 
         
  Fixed Assets
       
     1500 Equipment
   
9,073.63
 
  Total Fixed Assets
   
9,073.63
 
         
  Other Assets
       
    1550 A/D Equipment
   
-6,622.00
 
    1450 Cash Clearing
   
26,634.17
 
  Total Other Assets
   
20,012.17
 
         
TOTAL ASSETS
   
75,708.90
 
         
LIABILITIES & EQUITY
       
    Liabilities
       
      Current Liabilities
       
        Accounts Payable        
          2000 Accounts Payable    
60,304.17
 
        Total Accounts Payable    
60,304.17
 
        Credit Cards      
              Amex    
523.37
 
        Total Credit Cards    
523.37
 
         
        Other Current Liabilities        
          2050 Loans Payable    
102,850.40
 
          2201Accrued Sales Tax    
903.32
 
        Total Other Current Liabilities    
103,753.72
 
         
    Total Current Liabilities
   
164,581.26
 
         
  Total Liabilities
   
164,581.26
 
         
  Equity
       
    3910 Distributions - Shareholders
   
-61,500.00
 
    3999 P & L Summary
   
-64,571.37
 
    3000 Opening Bal Equity
   
3,009.63
 
    3900 Retained Earnings
   
50,827.07
 
    Net Income
   
-16,637.69
 
  Total Equity
   
-88,872.36
 
TOTAL LIABILITIES & EQUITY
   
75,708.90
 

 
 

 
AnyWhere MD, Inc.
Statements of Cash Flows
January through December 31 2006
(unaudited)
 
January through December 31, 2006

Operating Activities

 Net Income (Loss )   (16,637.69)   
       
Revenues
 
$
578,710.32
 
Cost of doing business
 
$
564,274.72
 
         
Net Change in Cash
 
$
2,725.18
 
         
Beginning Cash Balance
  $ 826.79  
         
Ending Cash Balance   $ 3,551.97  
Significant non cash transactions
 
None

 
 
 

 

  Statement of Stockholders' Equity
 
 For Period ending December 31, 2006
 
 (Unaudited)
 
   
   
 Statements of Stockholders' Equity  
   
  March 31, 2006
   
 
 
 
 
 
 
     
Common Stock 
   
Paid in 
   
Accumulated 
   
 Total 
 
     
Shares 
   
Amount 
   
 Capital 
   
Deficit
   
Equity 
 
Founder's Stock
at $0.00128 per share
   
5,007,000
 
$
5,007
 
$
1,495
       
$
6,502
 
                                 
Officer Contributed Services
               
4,000
         
4,000
 
                                 
Net (Loss)
                   
$
(2,223
)
 
(2,223
)
                                 
Balance, March 31, 2003
   
5,007,000
   
5,007
   
5,495
   
(2,223
)
 
8,279
 
                                 
Officer Contributed Services
               
12,000
         
12,000
 
                                 
Net (Loss)
                     
(15,923
)
 
(15,923
)
                                 
Balance, March 31, 2004
   
5,007,000
   
5,007
   
17,495
   
(18,146
)
 
4,356
 
                                 
Officer Contributed Services
               
3,000
         
3,000
 
                                 
Net (loss)
                     
(5,171
)
 
(5,171
)
                                 
Balance, Dec 31, 2004
   
5,007,000
   
5,007
   
20,495
   
(23,317
)
 
2,185
 
                                 
Balance March 31st, 2005
   
200,000,000
                     
0.00010676
 
                                 
Net Income
                   
$
21,352.99
       
                                 
Balance June 30, 2005
   
200,000,000
                     
(0.00000243
)
                                 
Net Income
                     
(487.15
)
     
                                 
Balance September 30, 2005
   
200,000,000
                     
0.00005519 
 
                       
Net Income
                     
11,038.50
       
                                 
Balance December 31, 2005
   
200,000,000
                     
0.00009113
 
                       
Net Income
                     
18,227.73
       
                                 
Balance March 31, 2006
   
200,000,000
                     
(00002393
)
                                 
Net Income
                     
(4,787.32
)
     
                                 
Balance June 30, 2006
   
200,000,000
                     
0.00009112
 
                                 
Net Income
                     
(19,796.45
)
     
                                 
Balance September 30, 2006
 
200,000,000
             
(.00009898
)
                       
Net Income
                     
(16,637.69
)
     
                                 
Balance December 31 2006
 
200,000,000
             
(.00008318
)
                       

Effective February 1st 2005 the company, Telcom Direct Inc merged into AnyWhere MD, Inc and issued an additional 194,993,000

 
 

 
 
The accompanying notes are an integral part of these statements

Anywhere MD, Inc
NOTES TO FINANCIAL STATEMENTS
January through December 31 2006
 

NOTE 1. GENERAL ORGANIZATION AND BUSINESS
 
Anywhere MD, Inc predecessor. (the Company) was incorporated under the laws of the state of Nevada on December 6, 2002.
 
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING PRACTICES
 
Accounting Basis The basis is accounting principles generally accepted in the United States of America.
 
Earnings (Loss) per Share

The basic earnings (loss) per share is calculated by dividing the Company's net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company's net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first of the year for any potentially dilutive debt or equity. The Company has no potentially dilutive shares outstanding. Therefore the basic and dilutive are the same.

Dividends

The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during the periods shown.
 
Income Taxes

The provision for income taxes is the total of the current taxes payable and the net of the change in the deferred income taxes. Provision is made for the deferred income taxes where differences exist between the period in which transactions affect current taxable income and the period in which they enter into the determination of net income in the financial statements.
 
Stock Based Compensation

The Company accounts for its stock based compensation based on provisions in SFAS No. 123, Accounting for Stock-Based Compensation which utilizes the fair method for the valuation of its securities given as compensation. The Company currently has no Stock Based

Compensation program.

Use of Estimates
 
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

 
 

 
Revenue

Revenue for sales is recorded when the product is shipped to the customer

Notes to Financial Statements - Continued
 
NOTE 3. RELATED PARTY TRANSACTIONS
 
The officer and director of the Company is involved in other business activities and may, in the future, become involved in other business opportunities becomes available, he may face a conflict in selecting between the Company and their other business interests. The Company has not formulated a policy for the resolution of such conflicts.

NOTE 4. PROVISION FOR INCOME TAXES
 
The Company provides for income taxes under Statement of Financial Accounting Standards NO. 109, Accounting for Income Taxes. SFAS No. 109 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse.
 
The total deferred tax asset is calculated by multiplying a 15% estimated tax rate by the items making up the deferred tax account, the NOL.
 
NOTE 5. THE EFFECT OF RECENTLY ISSUED ACCOUNTING STANDARDS

Below is a listing of the most recent accounting standards and their effect on the Company. SFAS 148 Accounting for Stock-Based Compensation-Transition and Disclosure
 
Amends FASB 123 to provide alternative methods of transition for an entity that voluntarily changes to the fair value based method of accounting for stock-based employee compensation.

SFAS 149 Amendment of Statement 133 on Derivative Instruments and Hedging Activities

This Statement amends and clarifies financial accounting and reporting for derivative instruments, including certain derivative instruments embedded in other contracts (collectively referred to as derivatives) and for hedging activities under FASB Statement NO. 133, Accounting for Derivative Instruments and Hedging Activities.

SFAS 150 Financial Instruments with Characteristics of both Liabilities and Equity

This Statement requires that such instruments be classified as liabilities in the balance sheet. SFAS 150 is effective for financial instruments entered into or modified after May 31, 2003.

Interpretation No. 46 (FIN 46)Effective January 31, 2003, The Financial Accounting Standards Board requires certain variable interest entities to be consolidated by the primary beneficiary of the entity if the equity investors in the entity do not have the characteristics of a continuing financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. The Company has not invested in any such entities, and does not expect to do so in the foreseeable future.
 
The adoption of these new Statements is not expected to have a material effect on the Company's financial position, results or operations, or cash flows.