Twentyfour/seven Ventures, Inc.

CIK:0001565700|SEC Filings

EF Hutton America, Inc. - Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Operating expenses
Professional Fees	$ 111,537
Rent Expenses	4,455
Selling and Marketing	5,458
Stock-based compensation	539,075
General and administrative	140,850
Total operating expenses	801,375
Other income
Loss on Investment	330,831
Interest income	(973)
Net other income	(973)
Loss from continuing operations (net of tax)	(800,402)
Discontinued operations:
Loss on discontinued operations (net of tax)	0
Net loss from continuing operations	(1,128,080)
Net loss from discontinued operations	$ 0
Basic and diluted loss per common share
Loss from continuing operations	$ 0.00
Loss from discontinued operations	0.00
Net loss per share - basic and diluted	$ 0.00
Weighted average number of common shares outstanding - basic and diluted	53,405,309
Restated
Operating expenses
Professional Fees		$ 0
Rent Expenses		0
Selling and Marketing		0
Stock-based compensation		0
General and administrative		23,021
Total operating expenses		23,021
Other income
Loss on Investment		0
Interest income		0
Net other income		0
Loss from continuing operations (net of tax)		(23,021)
Discontinued operations:
Loss on discontinued operations (net of tax)		(113,500)
Net loss from continuing operations		(23,021)
Net loss from discontinued operations		$ (113,500)
Basic and diluted loss per common share
Loss from continuing operations		$ 0.00
Loss from discontinued operations		0.00
Net loss per share - basic and diluted		$ 0.00
Weighted average number of common shares outstanding - basic and diluted		6,524,985

EF Hutton America, Inc. - Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (1,128,079)
Non Cash Adjustments
Loss on Investment	330,831
Stock Based Compensation	539,075
Changes in operating assets and liabilities:
Prepaid Expenses	(27,509)
Accounts payable	26,298
Due to related party	62,000
Accrued interest receivable	(4,126)
Accrued expenses	11,540
Net Cash Used by Operating Activities - Continuing Operations	(189,971)
Net Cash Used by Operating Activities - Discontinued Operations	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Fixed asset purchase	0
Investment at Cost	(50,000)
Loan receivable	(45,250)
Acquisition of intangible reserves	0
Increase in restricted cash reserves	0
Net Cash Used in Investing Activities - Continuing Operations	(95,250)
Net Cash Used in Investing Activities - Discontinued Operations	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Shares issued for cash	52,600
Advances from related parties	61,861
Advances from shareholder to be settled in stock	50,000
Deposit on private placement	150,000
Due from shareholder	(6,000)
Debt issuance costs	0
Convertible note payable	0
Convertible note payable, related party	0
Net Cash Provided By Financing Activities - Continuing Operations	308,461
Net Cash Provided By Financing Activities - Discontinued Operations	0
Net increase (decrease) in cash - Continuing operations	23,240
Net increase (decrease) in cash - Discontinued operations	0
Cash - Beginning of Period - Continuing Operations	0
Cash - Beginning of Period - Discontinued Operations	0
Cash - End of Period - Continuing Operations	23,240
Cash - End of Period - Discontinued Operations	0
SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued in registered investment advisor acquisition	30,000
Warrants issued for investment	59,260
Shares to be issued for investment	221,571
Supplemental Disclosure
Cash paid for interest	0
Cash paid for income taxes	$ 0
Restated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss		$ (136,521)
Non Cash Adjustments
Loss on Investment		0
Stock Based Compensation		0
Changes in operating assets and liabilities:
Prepaid Expenses		0
Accounts payable		0
Due to related party		0
Accrued interest receivable		0
Accrued expenses		15,530
Net Cash Used by Operating Activities - Continuing Operations		(7,491)
Net Cash Used by Operating Activities - Discontinued Operations		(113,500)
CASH FLOWS FROM INVESTING ACTIVITIES:
Fixed asset purchase		0
Investment at Cost		0
Loan receivable		0
Acquisition of intangible reserves		0
Increase in restricted cash reserves		0
Net Cash Used in Investing Activities - Continuing Operations		0
Net Cash Used in Investing Activities - Discontinued Operations		0
CASH FLOWS FROM FINANCING ACTIVITIES:
Shares issued for cash		0
Advances from related parties		13,991
Advances from shareholder to be settled in stock		0
Deposit on private placement		0
Due from shareholder		(6,500)
Debt issuance costs		0
Convertible note payable		0
Convertible note payable, related party		0
Net Cash Provided By Financing Activities - Continuing Operations		7,491
Net Cash Provided By Financing Activities - Discontinued Operations		0
Net increase (decrease) in cash - Continuing operations		0
Net increase (decrease) in cash - Discontinued operations		0
Cash - Beginning of Period - Continuing Operations		0
Cash - Beginning of Period - Discontinued Operations		0
Cash - End of Period - Continuing Operations		0
Cash - End of Period - Discontinued Operations		0
SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued in registered investment advisor acquisition		0
Warrants issued for investment		0
Shares to be issued for investment		0
Supplemental Disclosure
Cash paid for interest		0
Cash paid for income taxes		$ 0

EF Hutton America, Inc. - Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current assets
Cash	$ 23,240
Prepaid expenses & other	27,509
Due from shareholder	12,500
Total current assets	63,249
Other assets:
Loans Receivable	45,250
Accrued Interest Receivable	4,126
License	30,000
Brand assets	10,025,000
Total other assets	10,104,376
Total Assets	10,167,625
Current liabilities:
Advances from related parties	75,852
Advance from shareholder to be settled in stock	50,000
Due to related party	62,000
Deposit on private placement	150,000
Accounts payable	26,298
Accrued expense to be settled in stock	345,571
Accrued expenses	27,070
Total current liabilities	736,791
Commitments and Contingencies	0
Stockholders' equity:
Common stock, $0.001 par value; 90,000,000 shares authorized; 53,724,673 and 52,982,199 shares issued & outstanding, respectively	53,725
Class B common stock, $0.001 par value, 10,000,000 shares authorized, 5,797,000 issued and outstanding	5,797
Additional paid-in capital	10,593,038
Accumulated deficit	(1,221,726)
Total stockholders' equity	9,430,834
Total Liabilities and Stockholders' Equity	$ 10,167,625
Restated
Current assets
Cash		$ 0
Prepaid expenses & other		0
Due from shareholder		6,500
Total current assets		6,500
Other assets:
Loans Receivable		0
Accrued Interest Receivable		0
License		0
Brand assets		10,025,000
Total other assets		10,025,000
Total Assets		10,031,500
Current liabilities:
Advances from related parties		13,991
Advance from shareholder to be settled in stock		0
Due to related party		0
Deposit on private placement		0
Accounts payable		0
Accrued expense to be settled in stock		0
Accrued expenses		15,530
Total current liabilities		29,521
Commitments and Contingencies		0
Stockholders' equity:
Common stock, $0.001 par value; 90,000,000 shares authorized; 53,724,673 and 52,982,199 shares issued & outstanding, respectively		52,982
Class B common stock, $0.001 par value, 10,000,000 shares authorized, 5,797,000 issued and outstanding		5,797
Additional paid-in capital		10,036,846
Accumulated deficit		(93,646)
Total stockholders' equity		10,001,979
Total Liabilities and Stockholders' Equity		$ 10,031,500