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TX Holdings, Inc. Symbol:  TXHG Click here for a printable version Business Summary: TX Holdings, Inc., an oil and gas production company, engages in the exploration, development, and acquisition of crude oil and natural gas in the counties of Callahan and Eastland, Texas.   Address   1071 N Judge Ely Blvd # 6420   Abilene , TX 79601-3853   Phone: 682-286-3116   Fax: 305-532-6262   Website: http://www.txholdings.com Auditor   Ham, Langston & Brezina   Houston Transfer Agent   OTC Corporate Transfer Service Co. Employees:  4 ShareHolders:  253 Founded:  2000 Domicile:  Georgia      S & P Disclaimer   TX Holdings, Inc. Symbol:  TXHG Click here for a printable version TX Holdings, Inc., an oil and gas production company, engages in the exploration, development, and acquisition of crude oil and natural gas in the counties of Callahan and Eastland, Texas. The company's property interests include 8% working interest in the Contract Area; 75% working interest in the Park's Lease; and 100% working interest in the Williams Lease. TX Holdings, formerly known as R Wireless, Inc., was incorporated in 2000 and is headquartered in Ashland, Kentucky. History:  INCORPORATED in Georgia May 15, 2000, as HOM Corporation; name changed to R Wireless, Inc. Jan. 22, 2003, and to TX Holdings, Inc. July 27, 2005.            S & P Disclaimer   TX Holdings, Inc. Symbol:  TXHG Click here for a printable version Management Officers Position  William  Shrewsbury Chairman & Chief Executive Officer  Rob  Hutchings President  Jose  Fuentes Chief Financial Officer  William A. Alexander Chief Operating Officer Directors  Bobby S. Fellers  Rob  Hutchings  Martin  Lipper  William  Shrewsbury      S & P Disclaimer   TX Holdings, Inc. Symbol:  TXHG Click here for a printable version   Capitalization as of 09/30/2007:     Authorized Shares Outstanding Shares Preferred no par 1,000,000 1,000so1 Common no par 250,000,000 31,884,355   LONG TERM DEBT: $1,199,886.   Common no par   Stockholders:  09/30/2007, 253. Transfer Agent:  OTC Corporate Transfer Service Co.   Jericho , NY   OTC Bulletin Board( Primary): TXHG   Exchange Year High Low OTC Bulletin Board 2008 0.4700 0.0700 OTC Bulletin Board 2007 1.0800 0.0850 Over The Counter 2006 1.0700 0.1900 Over The Counter 2005 0.5500 0.0400   DIVIDENDS: Common no par: None.       so1On Dec. 24, 2007, these shares were cancelled and exchanged for 10,715,789 Common shares.    S & P Disclaimer   TX Holdings, Inc. Symbol:  TXHG Click here for a printable version Annual Report   Income Statement   2007 2007 2006 separately below $1,119,590 $1,389,017 $202,177 Stock-based compensation 2,061,603 6,644,504 4,542,901 Professional fees 552,012 884,342 211,624 Lease expense - 17,392 12,392 Depreciation expense 1,378 2,638 780 Advertising expense 52,616 83,265 28,265 Total operating expenses 3,787,199 9,021,158 4,998,139 Loss from operations (3,787,199) (9,021,158) (4,998,139) Other income and (expenses): Other income - 710 710 Loss on disposal of equipment (7,000) (7,000) - Forebearance agreement costs - (211,098) - Interest expense (290,834) (311,996) (18,290) Total other income and (expenses), net (297,834) (529,384) (17,580) Net loss $(4,085,033) $(9,550,542) $(5,015,719) Net loss per common share - basic and diluted $(0.14) $(0.25) Weighted average number of common shares outstanding - basic and diluted 28,750,169 20,192,875 Operating Income As Calculated Depr. and Amort. Fixed Charges Coverage: Available for Fixed Charges Gross Fixed Charges Fixed Charges Times Earnings Fixed Charges Coverages and Preferred Dividends Times Earnings Capital Expenditures Research & Development Expenditures   Balance Sheet   2007 2006 ASSETS Current assets: Cash and cash equivalents $-- $332,546 Prepaid expenses -- 15,000 Total current assets -- 347,546 Deposit for oil and gas property acquisition 378,000 253,000 Property and equipment, net 617,038 290,318 Other 5,000 -- Total assets $1,000,038 $890,864 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Notes payable to a stockholder $170,000 $-- Accounts payable and accrued liabilities 491,788 455,251 Accrued stock-based compensation 231,000 830,000 Advances from a stockholder/officer -- 164,385 Total current liabilitiess 892,788 1,449,636 Convertible debt to stockholder/officer 1,199,886 -- Total liabilities 2,092,674 1,449,636 Commitments and contingencies Stockholders' deficit: Preferred stock: no par value, 1,000,000 shares authorized, 1,000 shares issued or outstanding 1,018,000 1,018,000 Common stock: no par value, 250,000,000 shares authorized, 31,884,355 and 25,782,558 shares issued and outstanding at September 30, 2007 and 2006, respectively 8,443,004 5,104,541 Additional paid-in capital 800,409 587,703 Accumulated deficit (1,803,507) (1,803,507) Losses accumulated in the development stage (9,550,542) (5,465,509) Total stockholders' deficit (1,092,636) (558,772) Total liabilities and stockholders' deficit $1,000,038 $890,864 Net Working Capital Equity per Share Depr. and Amort. Reserve Preferred Shares Issued Common Shares Issued Treasury Shares - Preferred Treasury Shares - Common      S & P Disclaimer   TX Holdings, Inc. Symbol:  TXHG Click here for a printable version Interim Report      Data Not Available            S & P Disclaimer   TX Holdings, Inc. Symbol:  TXHG Click here for a printable version Pro Forma Report      Data Not Available            S & P Disclaimer   TX Holdings, Inc. Symbol:  TXHG Click here for a printable version Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2008   Full Year 10,000   2007   3 Nil   2007   Full Year Nil   2006   Full Year Nil     Quarterly Net Income, US$ Year Quarter Revenue   2008   1 (220,000)   2008   2 (300,000)   2008   3 (110,000)   2008   4 (50,000)   2008   Full Year (680,000)   2007   3 (2,510,000)   2007   Full Year (4,090,000)   2006   Full Year (5,016,000)   2005   Full Year (240,000)   2004   Full Year (140,000)   2003   Full Year (520,000)     Quarterly EPS, US$ Year Quarter Revenue   2008   1 (.01)   2008   2 (.01)   2008   3 Nil   2008   4 Nil   2008   Full Year (.02)   2007   3 (.09)   2007   Full Year (.14)   2006   Full Year (.25)      S & P Disclaimer