OTC Bulletin Board

S & P Company Insight for AMHN, INC.
 
 Profile

 
Business Summary: AMHN, Inc. owns America's Minority Health Network, Inc., a place-based provider of digital video education for medical practices that primarily serve minorities.
 
Address
  100 North First Street, Suite 104
  Burbank , CA 91502
  Phone: 424-239-6781
  Website: http://www.amhntv.com
Auditor
  KBL, LLP
Transfer Agent
  Computershare Trust Co., Inc.
Employees:  6
ShareHolders:  587
Founded:  1907
Domicile:  Utah
 
  
 
 Background

 
AMHN, Inc. owns America's Minority Health Network, Inc., a place-based provider of digital video education for medical practices that primarily serve minorities. The company acquired America's Minority Health Network in July 2009. Prior to the acquisition, AMHN, Inc. had no business operations or revenue source. According to AMHN, Inc., research has shown that due to socioeconomic and sociopolitical issues, African-Americans suffer from exceptionally high mortality and morbidity rates. Lack of proper healthcare education has been cited as one of the factors leading to higher health risks for the African-American community. The company's subsidiary provides a digital platform to increase African-American health education awareness which AMHN, Inc. believes can increase the longevity and well-being of African-American men and women, while providing relevant advertising of related products. The company's subsidiary has created a solution to meet the needs of physicians who are searching for ways to better inform their patients and for advertisers that are searching for ad space to communicate specific products to African-Americans. America's Minority Health Network provides direct-to-consumer television programming across the United States to subscribing medical offices with a predominantly African-American patient base. As of April 2010, 160 offices had subscribed to the service with 140 offices live and receiving programming. AMHN, Inc.'s rollout plan calls for 1,000 subscribing locations in the company's first phase. Each month, updated healthcare segments and relevant advertising are digitally delivered in high definition directly to waiting rooms filled with a well-defined African-American target audience. Medical office waiting rooms provide a captive audience with the typical presence of approximately 1,000 patients per month per location, where viewers are predisposed to watch and listen to the pertinent information offered. AMHN, Inc. is headquartered in Burbank, California.
History:  INCORPORATED in Utah in 1907 as Croff Mining Company; name changed to Croff Oil Company in 1952, to Croff Enterprises, Inc. in 1996, and to AMHN, Inc. Sept. 15, 2009. On July 27, 2009, the company acquired America's Minority Health Network, Inc. for 13,693,689 Common shares. America's Minority Health Network, Inc. was incorporated in Delaware in April 2009.
 
Subsidiaries:
America's Minority Health Network, Inc.
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Robert  CambridgeChairman, Secretary, Chief Financial Officer & Chief Executive Officer
 Charles V. RichardsonPresident
 Chris  CamarraInvestor Relations Contact

Directors
 Robert  Cambridge
 Andrew  Golden
 Charles V. Richardson
 Kimberly  Sarubbi
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  2009
Operating Revenues10,569
Cost of Revenue -
Operating expenses:
Operating costs43,152
General and administration1,318,478
Sales and marketing218,421
Depreciation and amortization76,203
Operating loss(1,645,685)
Interest expense(8,856)
Net income(1,654,541)
Basic and diluted EPS(0.23)
 
Balance Sheet
  2009
Assets:
Current Assets:
Cash & equiv.42,066
Accounts receivable10,568
Prepaid expenses and other current assets17,238
Total current assets69,872
Fixed assets382,760
Other assets397,133
Total assets849,765
Liabilities:
Accounts payable229,044
Accrued expenses331,073
Promissory notes payable600,000
Other liabilities700
Tot. curr. liabs.1,160,817
Common stock1,579,021
Com. stk. p.$0.10(1,890,073)
Total stockholders equity(311,052)
Total liabs.849,765
 
 * Effective July 27, 2009, Croff Enterprises, Inc., acquired 100% of the issued and outstanding shares of America's Minority Health Network in exchange for the issuance of an aggregate of 13,693,689 shares of Croff Common Stock. For accounting purposes, the transaction was treated as a reverse merger, with Croff being the surviving parent corporation, and America's Minority Health Network it's wholly owned subsidiary. On September 14, 2009, the company changed its name to AMHN, Inc. Above financial statements represent the operations & accounts of Croff Enterprises, Inc. The following financials statements are those of America's Minority Health Network at May 31 '09.
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2009   Full Year 10,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   2(490,000)
  2009   Full Year (2,210,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2010   1(.09)
  2010   2(.04)
  2009   Full Year (.30)
 
  
 
 Stock Data

 
 
Capitalization as of 03/31/2010:
 
 Authorized SharesOutstanding Shares
Preferred $0.001 par1,000,000None
Common $0.10 par50,000,00015,790,209
 
LONG TERM DEBT: None.
 
Common $0.10 par
 
Stockholders:  03/17/2010, 587.
PRINCIPAL STOCKHOLDERS: April 6, 2010, Kimberly Sarubbi owned or controlled 26.0% of the Common, Robin Tjon 26.0% and Sky Kelley 21.7%.
 
Transfer Agent:  Computershare Trust Co., Inc.   Golden , CO
 
OTC Bulletin Board( Primary): AMHN
 
ExchangeYearHighLow
OTC Bulletin Board20091.55000.1700
OTC Bulletin Board20083.90000.5100
OTC Bulletin Board20073.50001.0100
OTC Bulletin Board20063.00001.4000
 
RECENT DIVIDENDS: Common $0.10 par: 2008, $0.40; 2009, None. Common split 3-for-1, ex-July 27, 2009.