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Two Rivers Water Co.
Symbol:  TURV


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Business Summary: Two Rivers Water Company, through its subsidiary, HCIC Holdings, LLC, engages in water acquisition, development, and distribution business in Huerfano County, Colorado.
 
Address
  2000 South Colorado Blvd., Suite 200
  Denver , CO 80222
  Phone: 303-222-1000
Auditor
  SCHUMACHER & ASSOCIATES
Transfer Agent
  Computershare Trust Co., Inc.
Employees:  7
ShareHolders:  1000
Founded:  2002
Domicile:  Colorado
 
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Two Rivers Water Co.
Symbol:  TURV


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Two Rivers Water Company, through its subsidiary, HCIC Holdings, LLC, engages in water acquisition, development, and distribution business in Huerfano County, Colorado. The company also involves in the property management and residential real estate brokerage in Arizona, and development of a three unit residential condominium in Boston, Massachusetts. In addition, it focuses on acquiring and operating agriculture land either as a sole operator or in joint venture with other individuals and companies; and producing alternative energy primarily from solar energy on land owned by the company. The company was formerly known as Navidec Financial Services, Inc. and changed its name to Two Rivers Water Company in November 2009. Two Rivers Water Company was founded in 2002 and is based in Denver, Colorado.
History:  INCORPORATED in Colorado Dec. 20, 2002, as Navidec Capital, Inc.; name changed to Navidec Financial Services, Inc. Oct. 24, 2003; and to Two Rivers Water Co. Jan. 15, 2010.
 
Subsidiaries:
Northsight, Inc.
 
 
 
 
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Two Rivers Water Co.
Symbol:  TURV


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Management
OfficersPosition
 John R. McKowenChairman, President, Chief Accounting Officer & Chief Executive Officer
 Wayne  Harding, IIISecretary & Chief Financial Officer

Directors
 Wayne  Harding, III
 Jolee R. Henry
 John R. McKowen
 John  Stroh, II
 
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Two Rivers Water Co.
Symbol:  TURV


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Capitalization as of 03/31/2010:
 
 Authorized SharesOutstanding Shares
Preferred $0.001 par10,000,000None
Common $0.001 par100,000,00011,049,583
 
LONG TERM DEBT: None.
 
Common $0.001 par
 
Stockholders:  12/31/2009, 1000.
Transfer Agent:  Computershare Trust Co., Inc.   Golden , CO
 
OTC Bulletin Board( Primary): TURV
 
ExchangeYearHighLow
OTC Bulletin Board20092.10000.2400
OTC Bulletin Board20082.00000.5100
OTC Bulletin Board20071.14000.2000
 
DIVIDENDS: Common $0.001 par: None.
 
 
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Two Rivers Water Co.
Symbol:  TURV


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Annual Report
 
Income Statement
  20092008
REVENUES
Loan Fees and Real Estate Income91-
Interest Revenues43313
Other Income111
Total Revenue145314
EXPENSES
Cost of Loan Fees Including Facilities and Commissions(89)-
General and Administrative(1,723)(1,320)
Depreciation and Amortization(7)(5)
Interest Expense(54)(68)
Interest Income42-
Gain on Sale of Investments335,581
Other Income/expense-2
Impairments and Allowances-(1,962)
Earnings before Taxes(1,653)2,542
TAXES AND OTHER EXPENSES
Provision for Income Tax314(810)
Minority Interest (After Tax)175-
Earnings of Discontinued Operations(1,922)(1,720)
Earnings of Discontinued Operations161170
Net Income (Loss)(2,925)182
SUPPLEMENTARY INFO
Operating Income (Loss)(1,674.00)(1,011.00)
Continuing operations per share basic(0.13)0.19
Discontinued operations per share(0.20)(0.17)
Net income per share basic(0.33)0.02
 
Balance Sheet
  20092008
ASSETS
Cash and Cash Equivalents616874
Mortgage Receivables2322,197
Note Receivable - Aegis/grizzle295450
Incomes Taxes Receivable489-
Accrued Interest Receivable488
Prepaid Expenses1621
Advances and Accounts Receivable1-
Asset Held for Sale134-
Deposits202-
Property and Equipment and Software, Net94114
Dam Construction163-
Other Assets-3
Investment in Boston Property2,0732,315
Option on Real Estate2,586-
Land and Water Shares3,258-
Other Real Estate Owned1,0423,288
Total Assets11,2059,350
LIABILITIES
Deposits Held30-
Accounts Payable281149
Accrued Liabilities538
Accrued Taxes Payable-85
Short-term Borrowings9501,391
Note Payable - Roehrich2,175-
Minority Interest2,675-
SHAREHOLDERS' EQUITY
Common Stock - Par Value99
Additional Paid in Capital9,2008,873
Retained Earnings(4,120)(1,195)
Total Shareholders Equity5,0897,687
Total Liabilities & Shareholders Equity11,2059,350
 
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Two Rivers Water Co.
Symbol:  TURV


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Interim Report   
 
Data Not Available
 
 
 
 
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Two Rivers Water Co.
Symbol:  TURV


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Pro Forma Report   
 
Data Not Available
 
 
 
 
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Two Rivers Water Co.
Symbol:  TURV


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Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2010   150,000
  2009   1160,000
  2009   320,000
  2009   Full Year 140,000
  2008   1260,000
  2008   2350,000
  2008   3220,000
  2008   41,350,000
  2008   Full Year 1,350,000
  2007   3100,000
  2007   450,890,000
  2007   Full Year 690,000
  2006   4(50,000)
  2005   2780,000
  2005   Full Year 40,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   1(710,000)
  2009   1(590,000)
  2009   2(340,000)
  2009   3(740,000)
  2009   Full Year (1,160,000)
  2008   11,110,000
  2008   2610,000
  2008   3(1,540,000)
  2008   Full Year 180,000
  2007   32,260,000
  2007   Full Year 4,290,000
  2006   Full Year (460,000)
  2005   Full Year (1,380,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2010   1(.07)
  2009   1(.07)
  2009   2(.04)
  2009   3(.08)
  2009   Full Year (.13)
  2008   1.07
  2008   2.04
  2008   3(.17)
  2008   4(.03)
  2008   Full Year .02
  2007   2.05
  2007   3.17
  2007   4.06
  2007   Full Year .28
  2006   2(.01)
  2006   3(.01)
  2006   4(.02)
  2006   Full Year (.06)
  2005   1(.06)
  2005   2(.18)
  2005   Full Year (.19)
 
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