0001041588-19-000001.txt : 20190108 0001041588-19-000001.hdr.sgml : 20190108 20190108080431 ACCESSION NUMBER: 0001041588-19-000001 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20181231 FILED AS OF DATE: 20190108 DATE AS OF CHANGE: 20190108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACCESS-POWER INC CENTRAL INDEX KEY: 0001041588 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 593420985 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-65069 FILM NUMBER: 19514680 BUSINESS ADDRESS: STREET 1: 17164 DUNE VIEW DR. APT 106 CITY: GRAND HAVEN STATE: MI ZIP: 49417 BUSINESS PHONE: 616-312-5390 MAIL ADDRESS: STREET 1: 17164 DUNE VIEW DR. APT 106 CITY: GRAND HAVEN STATE: MI ZIP: 49417 FORMER COMPANY: FORMER CONFORMED NAME: ACCESS POWER INC DATE OF NAME CHANGE: 19980922 10-K 1 accr12311810K.txt 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 BUSINESS ADDRESS: STREET 1: 17164 DUNE VIEW DRIVE STREET 2: APT 106 CITY: GRAND HAVEN STATE: MI ZIP: 49417 UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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, 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 ACCESS-POWER, INC (Exact name of Registrant as specified in its charter) FLORIDA (State or other jurisdiction of incorporation or organization) 59-3420985 (I.R.S. Employer Identification No.) 17164 DUNE VIEW DRIVE APT 106 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 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-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. ___________________________________________________________________________ ****CURRENT UPDATE**** 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: https://www.otcmarkets.com/stock/ACCR/security 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: https://www.youtube.com/watch?v=xbhCPt6PZIU OUR WEBSITE IS: http://www.myaccess-power.com Access-Power, Inc.'s contact is pjensen@myaccess-power.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. The http://www.standardregistrar.com 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: $24,400.00 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. PART I 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 NONE ITEM 2. PROPERTY NONE. ITEM 3. LEGAL PROCEEDINGS NONE. ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS NONE. PART II 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 ACCESS-POWER, INC. (An Emerging Growth Company) UNAUDITED Balance Sheets Comps Assets September 30, December 31, 2018 2018 ------------------ ------------------- (unaudited) Current assets: Cash $ 124.10 $ 500.00 CDs 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 ======================================= 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 December 31st, 2018 and Dec 31, 2017 ======================================= Total liabilities and stockholders' equity (deficit) $ 244,144.00 $ 244,644,00 ====================================== ACCESS-POWER, INC 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 OPERATING EXPENSES 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 NONE. 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. PART III 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 INDEPENDENCE NONE. ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES NONE. ***** 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. ___________________________________________________________________________ SIGNATURES* 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. BY: /*s/ Patrick J. Jensen President, Treasurer, and Director ACCESS-POWER, INC. January 7th, 2019