OTC Bulletin Board
S & P Company Insight for FORTERUS INC |
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Profile
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| Business Summary: Forterus, Inc. primarily operates residential drug and alcohol treatment centers for drug addiction, alcohol rehabilitation, detox, pain management, and other addictions in the United States. | | | Address 405A Arenoso
San Clemente
, CA 92672
Phone: 949-429-4001
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McKennon, Wilson & Morgan
Irvine
, CA | | Transfer Agent |
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Corporate Stock Transfer, Inc.
| Employees: 3 ShareHolders: 50 | Founded: 2007 Domicile: Nevada | | | |
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Background
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| Forterus, Inc. primarily operates residential drug and alcohol treatment centers for drug addiction, alcohol rehabilitation, detox, pain management, and other addictions in the United States. The company's treatment programs also include gambling treatment, professional intervention services, pain management program for individuals addicted to prescription painkillers, outpatient treatment programs, adolescent treatment programs, and Spanish-language treatment services. It also engages in the acquisition, ownership, management, training, racing, and syndication of thoroughbred racing horses. The company, formerly known as Mezey Howarth Racing Stables, Inc., was founded in 2007 and is based in Huntington Beach, California. | | History: INCORPORATED in Nevada Feb. 27, 2007, as MH 1, Inc.; name changed to Mezey Howarth Racing Stables, Inc. June 12, 2007; and to Forterus, Inc. Aug. 4, 2008. | | | | | | | | | |
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Management
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Management
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| Officers | Position |
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| Paul J. Howarth | President & Chief Executive Officer | | Jerrod Menz | Secretary |
| | Directors |
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| Paul J. Howarth | | Jerrod Menz | | Brian Meshkin | | J. Wade Mezey | | | |
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Annual Report
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| Annual Report |
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| | | Income Statement | |
| 2007 |
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| Total revs | 31,051 | | Cost of sales | 39,876 | | Operating exps. | 871,285 | | Minority interest | 8,750 | | Interest exp. | 33,733 | | Other exp. | 270 | | Net loss | (922,903) | | Share earns. basic | ($0.23) | | Share earns. diluted | ($0.23) | | Avge. com. shs. | 3,970,847 |
| | | | Balance Sheet | |
| 2007 |
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| Assets: |
| | Cash & equiv. | 19,318 | | Investment in limited liability entities | 19,925 | | Tot. curr assets | 39,243 | | Livestock | 89,722 | | Real estate | 1,585,000 | | Total assets | 1,713,965 | | Liabilities: |
| | Accruals | 254,814 | | Loans pay. | 79,739 | | Notes pay. | 540,636 | | Mortgages pay. | 1,374,850 | | Pfd. stk. | 252,585 | | Tot. curr. liabs. | 875,189 | | Com. stk. p.$0.001 | 7,675 | | Paid-in cap. | 126,569 | | Retained earns. | (922,903) | | Total liabs. and stockholders equity | 1,713,965 |
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Interim Report
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| Interim Report
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| | | Data Not Available | | | | | | | | | |
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Pro Forma Report
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| Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
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Quarterly Report
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| Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2008 |
3 | 1,010,000 | | 2007 |
2 | Nil | | 2007 |
3 | 30,000 | | 2007 |
4 | 10,000 | | 2007 |
Full Year
| 40,000 |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2008 |
1 | N/A | | 2008 |
2 | N/A | | 2008 |
3 | N/A | | 2007 |
2 | N/A | | 2007 |
3 | N/A | | 2007 |
4 | N/A | | 2007 |
Full Year
| (1,110,000) | | 2006 |
Full Year
| 60,000 |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2008 |
1 | (7.83) | | 2008 |
2 | (.58) | | 2008 |
3 | (.39) | | 2007 |
2 | (9.00) | | 2007 |
3 | (1.00) | | 2007 |
4 | (5.50) | | 2007 |
Full Year
| (13.94) | | 2006 |
Full Year
| N/A |
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Stock Data
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| | | Capitalization as of 06/30/2008: | | | | | Authorized Shares | Outstanding Shares |
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| Preferred $0.001 par | 20,000,000 | 5,424,355so1 | | Common $0.001 par | 180,000,000 | 683,260so2 |
| | | | LONG TERM DEBT: None. | | | | Common $0.001 par | | | |
Stockholders:
03/31/2008,
50.
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Transfer Agent: Corporate Stock Transfer, Inc.
Denver
, CO | | | | OTC Bulletin Board( Primary): FTER | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2008 | 0.5200 | 0.0000 |
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| | | | DIVIDENDS: Common $0.001 par: No cash. | | | | | |
so1Consists of Ser. A Conv. Preferred. Each Ser. A share is convertible into 10 Common shares. | |
so2Adjtd. for 1-for-50 reverse split Aug. 4, 2008. | |
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