January 2nd, 2020
PERIOD and DOCUMENT: 10KSB for the FULL YEAR 12/31/2019
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
Respectfully submitted to the,
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
The Division of Corporation Finance,
100 F Street NE, 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, 2019.
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 ***
Domicile State or other jurisdiction of
incorporation or organization
http://www.sunbiz.org
*** MICHIGAN ***
State of Operations
https://cofs.lara.state.mi.us/SearchApi/Search/Search
59-3420985
(I.R.S. Employer
Identification No.)
17164 DUNE VIEW DRIVE
APT 106
GRAND HAVEN, MI 49417
or
PO BOX 598
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
The Company has had discussions with the SEC regarding a FRAUD
FORM 15 that was filed by previous management in 2007. We believe
that we have a fiduciary responsibility to report transaprent
information to our Shareholders.
We were victims of toxic death spiral debentures from 1998 to
2008. PLEASE FORGIVE OUR PAST. The past it the past, and
we wish to move forward with a plan to become fully
current with the SEC. We are trying the best we can within the
Spirit of the Law.
https://www.sec.gov/Archives/edgar/data/1041588/
000117347307000043/0001173473-07-000043-index.htm
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-affils.
of the registrant (assuming officers and directors are affiliates) was
approximately $1,017,140.59 as of 12/3119, computed on the basis of
the closing price on such date.
As of January 2nd, 2020, there were 244,144,121 shares of the
registrant's
Common Stock outstanding. PATRICK J JENSEN, Director of Access-Power, Inc.
has 131,128,500 Restricted Shares. 113,015,621 + 131,128,500 =
244,144,121
total shares available of Access-Power, Inc. common stock.
*****WE ONLY HAVE COMMON STOCK*****
*****WE DO NOT HAVE CONVERTIBLE NOTES or WARRANTS*****
THE TOTAL MARKET CAPITALIZATION AS OF THE CLOSE OF BUSINESS
January 2nd, 2020 IS 2,197,297.09 BASED ON A CLOSING PRICE OF
$.009 PER SHARE.
___________________________________________________________________________
**** CURRENT UPDATE ****
Our comeback journey continues. We are very excited about our future.
We filed our first tax return in 18 years. We hired H&R Block of Muskegon
to look over and supervise and review all of our financial bank records
and statements for 2018 and 2019. We believe in 100% Transparency. We are
making very good informed decisions. H&R BLOCK engagement--->
This occured on November 5, 2019 - our date of engagement with HR&BLOCK
In November of 2019 , we have started an application with the State of
Michigan to obtain a MicroMarijuana business. We only plan to operate
our futuristic plan of delivering Marijuana Plants by Drones via a
service called Clones by Drones TM. This process could take
2-3 years to implement. The application was started at:
https://aca3.accela.com/MIMM/Login.aspx
The Company believes it has the right to commence operations with a
pending license application. ACCR has a very super cool business model
that will defy conventional logic---> LOGISTICs are simple.
We expect to get the licenses, zoning requirements, and permits
necessary to operate our BUSINESS PLAN. WE HAVE A SALES BUSINESS PLAN.
ACCR has a business plan that represents my DREAMs in life. I will
not hurt my Shareholders. Everyone is welcome, and ACCR is grateful
and thankful. We are not sellers of our common stock. PERIOD.
Access-Power, Inc. has a big task ahead of itself. We have many
obstancles to grow our 20' x 20' Master Mother Grow and Cloning Rooms. We
would expect to be fully operational with inventory in 3 months of
beginning construction. We do not have Clones by Drones operational yet
to accept Visa/Martercard or Pay/Pal payments. We expect to turn on
our eCommerce website sometime in 2020 or possibly 2021. Probably in
2020. We believe in only MEDICAL MARIJUANA, and will not offer at the
moment any products to people that do not possess a valid Medical
Marijuana Card issued by any State. There are dispensaries here in
Michigan that accept patients from out of State. We plan to
mirror the growth's of the Dispensaries. We plan to grow around
the dispensaries, and offer our cool and futuristic service
by Drones. Access-Power, Inc. has in its business plan a way to
logistically deliver in a very cost effective way.
BACK to our engagement with H&R Block on November 5, 2019.
We realize that this is not a PCAOB firm, PLEASE...
however, this is all the Company can afford. Within the spirit of the
law, we are filing these documents to report transparency to our
Shareholders. We have spoken to the SEC regarding this requirement, and
it is the Companies intention to hire a PCAOB firm in 2020 or in 2021.
We have to start somewhere and again it is our goal to fully hire a PCAOB
accountant in the year 2020 or 2021. We have communicated our 2 year
plan with the SEC. We have a very transparent relationship
with many divisions of FINRA. The Company has great contacts at
OTC Markets. The Company also has a trusting relationship that is
very open with the SEC.
Access-Power, Inc. was the victim of toxic convertible death spiral
debentures from inception through 2008. I purchased common stock
during this time, and slowly became a 10% stock holder over the years.
The Florida Law which allowed us to fire all previous crooked Directors
is Chap 607.0702 of the 2012 Florida Senate Law.
The Company has survived a short attack, and the Company will attempt
to hire an attorney in 2020 to represent us.
ON DECEMBER 13, 2019, ACCESS-POWER, INC. eFILED ITS FIRST STATE AND
FEDERAL TAX RETURN IN OVER 18 YEARS. THE eFILE WAS ACCEPTED BY ALL
PARTIES ON DECEMBER 19, 2019. ACCESS-POWER, INC. PLANS TO CONTINUE TO
WORK WITH OUR TEMPORARY AUDITOR THROUGHOUT 2020. WE ARE STRIVING TO BE
A VERY TRANSPARENT AND CURRENT REPORTING ENTITY. THERE ARE ONLY
98,144,246 SHARES IN OUR PUBLIC FLOAT. THIS IS FIXED, AND THERE IS NO
DILUTION, I REPEAT....NO DILUTION IN THE COMPANY COMMON SHARES
THROUGHOUT 2020 AND 2021. AGAIN, THE SUPPLY OF STOCK IS FIXED.
We are a micro-cap business with very struggling revenues at
the moment, and we are developing the first eCommerce website to deliver
Marijuana, Marijuana plants, and other Marijuana products such as Edibles
by Drones. We are going through a rough economic business cycle.
We applied for a Trademark SERVICE MARK on November 13, 2019.
We will succeed. This may take a few years to develop. At the present
time, I am still waiting for our Companies previously announced
$50,000.00 donation. This may take another 6-9 months.
There are many entities that do not want ACCR to comeback.
As of the close of business January 1st 2020, our commomn stock
structure is as follows:
Authorized Common Stock: 500,000,000 shares
Outstanding Common Stock: 244,144,121 shares
Estimated Float: Substanstially less than 98,244,146 shares
Restricted Common Stock: 145,769,975 shares
https://www.otcmarkets.com/stock/ACCR/profile
We have public profiles at:
https://www.linkedin.com/in/patrick-j-jensen-564946b4
https://www.twitter.com/AccessOtc
https://www.twitter.com/AccrOtc
https://brokercheck.finra.org/individual/summary/1952963
OUR CORPORATE WEBSITEs ARE:
http://www.myaccess-power.com
http://www.clonesbydrones.com
http://www.mycbdpets.com
http://www.nyumarijuana.com
Access-Power, Inc.'s contact is pjensen@myaccess-power.com.
We applied for a Trademark for Clones By Drones TM. The service
will be very futuristic, and will be the first of its kind.
Access-Power, Inc. is in good standing and has a very good relationship
with our Transfer Agent, Standard Transfer & Co.
Our Transfer Agent is SEC registered, and except for one
change in ownership in 2007, is our original transfer agent dating
back to 1996. Our transfer agent is SEC registered and has a profile at:
https://www.sec.gov/divisions/marketreg/mrtransfer.shtml
https://www.otcmarkets.com/learn/service-providers/2433?t=6
https://standardtransferco.com
Standard Transfer & Co.
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: $1,130,156.21
At January 1st 2020, 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.
All
131,128,500 are currently restricted and held in book entry form at the
Transfer Agent. I am actively looking for a MERGER DEAL.
There are currently a total of 98,244,146 shares registered in our
float.
Management continues to believe that there is a massive short position
in our Company stock that was accumulated from 1999 to 2008, and we
estimate
this short position to be massive. As Director of this Company, I
want to
apologize to my Shareholders for previously stating that our estimated
float
was between 5,000,000 and 10,000,000. Although I firmly believe the
float
in our Company stock is substantially lower than the official
98,244,146 shares
reported to OTC Markets.
We care about our Shareholders dearly, and our top priority is investor
protection. There is NO DILUTION IN THE COMMON STOCK OF ACCR.
PART I
ITEM 1. DESCRIPTION OF BUSINESS
Access-Power, Inc, is a for profit business looking for a
MERGER CANDIDATE.
We currently pay bills through a Work at Home business. Our monthly
fixed expenses are previosuly documented in an 8K at $2,350.00. We
operate a part time work at home business. The company subcontracts
through a big call center, and provides sales and customer service
to big Fortune 500 companies. In 2019, we operated via Hunter Vunter,
our subsidiary through www.liveops.com. We ended the relationship
with LiveOps on May 1st 2019. As a result, Hunter Venture was
officially dissolved.
The Company struggled from May 1, 2019 to October 18, 2019. We had no
income during this period, and our operational expenses were paid for
by myself, Patrick J. Jensen as a donation to the Company. I personally
paid out of my own pocket all the expenses during this dark time.
On October 2, 2019---> I dreamed of getting off the greys. ACCR is a
DREAM right now...This is how builders work.
On October 18, 2019, we acquired Grand Haven MM LLC, and this entity
is our subsidiary now. This is an operating entity very similar
to Hunter Venture. The entity is registered in the State of Michigan
here:
https://cofs.lara.state.mi.us/CorpWeb/CorpSearch/CorpSummary.aspx?
ID=802220565
Grand Haven MM now operates a part time work at home program through
another national call center very similar and much bigger in size
than our previour contracter. We provide work at home sales and
customer services subcontracted on a part time basis. I am a builder.
I am building a Clone Delivery Service for Marijuana Plants .... in
West Michigan.
The Company also operates 2 eCommerce websites at the present time.
http://www.clonesbydrones.com
http://www.mycbdpets.com
We continue to strive to build up our revenues. We want to succeed
and we will comeback to a higher reporting standard. On October 18,
2019 we were upgraded in trading tier from the dark grey market
to the PINK NO INFORMATION market. We have no intention of going
back to the grey market, as the Company currently trades on an
"unsolicited basis" in the PINK NO INFORMATION tier at OTC
Markets. There are so many unknowns, however I have a vision
and a promise to my Shareholders that there will be NO DILUTION
PERIOD in ACCR. The market transparency in our stock is AMAZING!
I have not sold 1 single share of stock in over a Decade.
Access-Power, Inc.'s revenue shortfalls are supported by personal
donations from Patrick J. Jensen, our Company Director.
The future of ACCR is Clones by Drones TM. We expect to be
very successful in this new venture. We believe that ordering
Marijuana Plants online will be a huge business in the future. We
plan to operate the Clones by Drones TM locally in 2020. We expect
demand to be pretty good for this product once we begin our
operations. The logistics for this business is easy. ACCR plans to
only sell Marijuana Plant Clones to the residents of Grand Haven
where the city council on April 23, 2019 just approved Medical
Marijuana. At first, we plan to only sell marijuana plants to local
Michigan residents, and we do not plan to cross state lines.
ITEM 1a. RISK FACTORS
Access-Power, Inc. sees RISK EVERYWHERE. THERE IS NO DILUTION IN OUR
COMMON STOCK. We are in control of the treasury of ACCR. We will
guard this treasury with our life, as we believe that NO DILUTION will
be very beneficial to our Shareholders of the long term. There
are no convertible debentures associated with ACCR.
ITEM 1b. UNRESOLVED STAFF COMMENTS
NONE.
ITEM 2. PROPERTY
1. http://tsdr.uspto.gov/#caseNumber=88690325&caseType= SERIAL_NO&
searchType=statusSearch
2. Hollistic Legendary Seeds $1,000.00 estimated value. Shelf
life of 10 years.
3. 2006 Volvo S80 with MI License plate ACCR with a estimated
stated value of $1,000.00.
4. The Mind of Patrick J Jensen.
ITEM 3. LEGAL PROCEEDINGS
NONE.
ITEM 4. Mine Safety Disclosures.
If applicable, provide a statement that the information
concerning mine safety violations or other regulatory matters
required by Section 1503(a) of the Dodd-Frank Wall Street
Reform and Consumer Protection Act and Item 104 of
Regulation S-K (17 CFR229.104) is included in exhibit
95 to the annual report.
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. We currently
trade in the PINK NO INFORMATION tier at OTC MARKETs. We are in
search of a Market Maker to file a FORM 211 with Finra. Our public
profile at OTC Markets is:
https://www.otcmarkets.com/stock/ACCR/security
All we have to do is get 2 years of AUDITED FINANCIALS.
ITEM 6. SELECTED FINANCIAL DATA
OUR DREAM IS PRICELESS...Where do I place public value on
https://www.clonesbydrones.com ?
ACCESS-POWER, INC.
(An Emerging Growth Company)
UNAUDITED - REVIEWED by HR & Block
Balance Sheets Comps
Assets
September 30, December 31,
2019 2019
------------------ ------------------
(unaudited)
Current assets:
Cash $ 1.48 $ 1,138.73
CDs
Accounts receivable $ 0 $ 0
Prepaid expenses
Hollistic
Legendary Seeds $ 1,000.00 $ 1,000.00
---------------------------------------
Total current assets $ 1,001.48 $ 2,138.73
----------------------------------------
Property and equipment, net
ACCR Car $ 0 $ 1,000.00
Other assets $ 0 $ 0
---------------------------------------
Total assets $ 1,001.48 $ 3,138.73
=======================================
=======================================
Liabilities and
Stockholders' Equity
(Deficit)
Current liabilities:
Accounts payable and accrued
expenses rent $ 1,500.00 $ 1,500.00
Cable, Internet, and TV $ 185.00 $ 185.00
Electricity, Gas,
Water, and Sewer $ 100.00 $ 100.00
Marketing Expenses $500.00 $ 500.00
Food, Office supplies, etc $ 100.00 $ 100.00
Current portion of
long-term debt - -
Total current liabilities $ 0 $ 0
Convertible debentures/notes
and Warrants $ 0 $ 0
------------------ ------------------
Total short term
liabilities (($ 2,385.00)) (($ 2,385.00))
---------------------------------------
---------------------------------------
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, 2019
and Dec 31, 2018
ACCR TREASURY OF
COMMON STOCK IS
SOLID STEEL
STRUCTURE
NO DILUTION
2020 and 2021
Par Value of
Equity Structure $ 244,144.12 $ 244,144.12
=======================================
ACCR
Total liabilities
and stockholders'
equity (deficit) $ 244,144.12 $ 244,144.12
=======================================
ACCESS-POWER, INC
CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS (unaudited)
FISCAL YEAR ENDED December 31st, 2019
CASH FLOW OF OPERATIONS
Patrick J Jensen Personal Donation $ 12,432.73
REVENUE $ 17,407.00
COST OF REVENUE $ 0
----------------------------------------------------------
GROSS PROFIT (LOSS) $ 29,839.73
OPERATING EXPENSES
Selling, general and administrative exp
rent, and utilities $ 28,200.00
Consulting fees $ 0.00
Professional fees and related expenses $ 0.00
TOTAL OPERATING EXPENSES $ 28,200.00
Salaries to Patrick J. Jensen $ 1.00
Fair value of derivative liability $ 0.00
OTHER INCOME nonrecurring $ 0.00
Gain on debt extinguishment $ 0.00
INCOME BEFORE PROVISION FOR $ 499.00
INCOME TAXES $ 0.00
PROVISION FOR INCOME TAXES
treated as prepaid expense on
balance sheet $ 0.00
NET (LOSS) INCOME $ 1,138.73
BASIC (LOSS) INCOME PER SHARE
DILUTED (LOSS) INCOME PER SHARE $ 1,138.73
WEIGHTED AVERAGE COMMON SHARES
OUTSTANDING BASIC 244,144,121 shares
TOTAL RESTRICTED SHARES 145,769,975 shares
ESTIMATED FLOAT LESS THAN 98,244,146 shares
Estimated Trading Float substantially
lower than 98,244,146 shares
ITEM 7. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
Access-Power, Inc. is for sale. Access-Power, Inc., is a Grand Haven,
MI based medical marijuana clone company on track to become Michigan's
only manufacturer and distributor of medical marijuana clone products
delivered by Drones from the sky. We are planning and implementing to
become a fully licensed operation in the State of Michigan. Our seed
vault includes famous strains such as Amnesia Haze, Raspberry Cough,
The Original Glue, Girl Scout Cookies, Papaya, Sour Diesel, Tangerine,
Blue Dream, Mango Skunk, Critical CBD, and the original Hawaii Maui
Waui...just to name a few. We are in development of a new service
trademarked under the brand, Clones by Drones (TM), a method for
delivering marijuana and marijuana clones online across the nation.
Our beta website is www.clonesbydrones.com. Additionally, the Company
offers a variety of calming pet products on its website
www.mycbdpets.com. Access-Power, Inc. was formed in 1996 and is a
Florida-based profit Corporation. We only have common stock, and
the Corporation has zero debt and no convertible notes. Our
Shareholders will enjoy no dilution in our Common shares through
the end of 2021. Finally, Access-Power, Inc., is seeking to merge
with another entity with experienced management to create value for
our shareholders. The Director is Actively looking for a MERGER
DEAL.
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.
(b) A smaller reporting company may provide the information
required by Article 8 of Regulation S-X in lieu of any
financial statements required by Item 8 of this Form.
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 further. On October 18,
2019 Access-Power, Inc. was upgraded in tier at OTC Markets from
the grey market back to the Pink No Information Tier. We spent 11 dark
years on the OTC Grey Market. BAD things happen to some of the
Companies that trade, but we have life and we came back. We believe
in a higher reporting standard. We will not dilute our Shareholders
in 2020 and 2021. Patrick J. Jensen made a critical decision in 2018 which
enabled ACCR to get upgraded in tier. There is an SEC 15c211 Modernization
Rule update coming in 2020.
Corporate Actions
Market Changes
ACTION TYPE EFFECTIVE DATE SYMBOL DESCRIPTION
Market Change 10/30/2008 ACCR Market change from Pink No
Information to Grey Market
Market Change 10/18/2019 ACCR Market change from Grey Market
to Pink No Information
We spent 11 years on the grey market "Cellar Boxed."
Everyone wants to know how I did it, as there are only a handful
of companies that have ever returned from the dark greys. ACCR has
accomplished the unthinkable. We have liquidity and further
transparency.
Pink No Information
Dark or Defunct
Verified Profile 11/2019
https://www.otcmarkets.com/stock/ACCR/security
PART III
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERANCE
Patrick J. Jensen - Registered owner of 131,128,500 restricted shares
of ACCR.
All of these shares are federally RESTRICTED shares. I signed a lock
up agreement pledging never to sell or pledge to sell my restricted
stock until October 26, 2021. At that time, I will follow all
current SEC rules and regulations with regard to Company Directors.
I have 2 very close advisors who advise me on day to day operations.
ACCR
will soon announce an ADVISORY BOARD at no cost to the Company.
ITEM 11. EXECUTIVE COMPENSATION
Patrick J. Jensen is the only KEY EMPLOYEE. I donate all my time
and money to the ACCR Treasury. I donate my own personaly funds to
fund the operations, as ACCR has ZERO CONVERTIBLE NOTES and ZERO
long term debt. I take on a $1 salary from ACCR.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT AND RELATED STOCKHOLDER MATTERS
Patrick J. Jensen - Registered owner of 131,128,500
restricted shares of ACCR.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
INDEPENDENCE
NONE.
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
H&R BLOCK of Muskegon. We expect only to pay $450.00 every year for
review and support of the 2019 ACCR US Tax Return. We expect to
complete our 2020 US TAX BUSINESS RETURN sometime in April 2020.
***** CERTIFIED *****
https://www.otcmarkets.com/stock/ACCR/security
Our next step will be to amend our Company 10k from 2018.
We also will secure a letter signed by H&R Block attesting to
verification of all monthly bank records, revenue, and expenses.
We have a 2 year plan going forward to become CURRENT REGISTERED
with the SEC.
We have agreed to sign up for http://www.wave.com so that H&R Block
can have access to daily bank accounts records of the Company.
After 2 years, we plan to get an accountant that is
registered with the PCAOB, like BDO of Grand Rapids. We will
continue to be a CURRENT REPORTING company. We believe in our plan,
and we are secure in our future. Again, as of today, December
17, 2019...the verified outstanding share is 244,144,121 shares and at
a closing price of $.009, this represents a total Company
market value of $2,197,297.09.
PART IV
Item 15. Exhibits, Financial Statement Schedules.
See above.
Item 16. Form 10Ksb Summary
See above.
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 December 31, 2020
there were issued and outstanding 244,144,121 shares of our Common stock.
Access-Power Inc. has $ 1,138.73 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.
We believe in Shareholder Value, and have promised NO DILUTION to my
SEC Section Chief's at the Corporate Finance Division of the SEC.
___________________________________________________________________________
The following should be considered in connection with an evaluation of our
business and recent market activities as described above:
There are various risk factors that should be carefully considered in
evaluating our business; because such factors may have a significant
impact on our business, our operating results, our liquidity and financial
condition. As a result of these various risk factors, actual results could
differ materially from those projected in any forward-looking statements.
Additional risks and uncertainties not presently known to us, or that we
currently consider to be immaterial, may also impact our business, result
of operations, liquidity and financial condition. If any such risks occur,
our business, its operating results, liquidity and financial condition
could be materially affected in an adverse manner. Under such
circumstances, if a stable trading market for our securities is
established, the trading price of our securities could decline, and you
may lose all or part of your investment.
SECURITIES ISSUED BY THE COMPANY INVOLVE A HIGH DEGREE OF RISK AND,
THEREFORE, SHOULD BE CONSIDERED EXTREMELY SPECULATIVE. THEY SHOULD NOT BE
PURCHASED BY PERSONS WHO CANNOT AFFORD THE POSSIBILITY OF THE LOSS OF THE
ENTIRE INVESTMENT. PROSPECTIVE INVESTORS SHOULD READ ALL OF THE COMPANY'S
FILINGS, INCLUDING ALL EXHIBITS, AND CAREFULLY CONSIDER, AMONG OTHER
FACTORS THE VARIOUS RISK FACTORS THAT MAY BE PRESENT.
You should be aware that there are many substantial risks to an investment
in our common stock. Carefully consider these risk factors, along with any
available information currently reported by the Company (of which there
are note), before you decide to invest in shares of our common stock.
If these risk factors were to occur, our business, financial condition,
results of operations or future prospects could be materially adversely
affected. If that happens, the market price for our common stock, if any,
could decline, and prospective investors would likely lose all or even
part of their investment.
Cautionary Language Concerning Forward-Looking Statements
Statements in this press release may be "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995. Words
such as "anticipate", "believe", "estimate", "expect", "intend", and similar
expressions, as they relate to the Company or its management, identify
forward-looking statements. These statements are based on current
expectations, estimates, and projections about the Company's business,
based, in part, on assumptions made by management. These statements
are not guarantees of future performance and involve risks, uncertainties,
and assumptions that are difficult to predict. Therefore, actual
outcomes and results may, and probably will, differ materially from what
is expressed or forecasted in such forward-looking statements
due to numerous factors.
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 2nd, 2020.
Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf
of the registrant and in the capacities and on the dates indicated.
Supplemental Information to be Furnished With Reports Filed Pursuant
to Section 15(d) of the Act by Registrants Which Have Not Registered
Securities Pursuant to Section 12 of the Act
I am following the Spirit of the Law to comeback and fight for my
Shareholders.
I am commited to bringing back our Company to a fully reporting
and registered status with the SEC. The plan is to have 2 years of
audited tax returns filed for 2018 and 2019, and then in 2020/2021 to
have the $25,000.00 fee required by a PCAOB firm to audit the books
of Access-Power, Inc. I have a long and bumpy road ahead. There
is much risk to my plan. I am looking for a partner and a
Merger Deal.
Thank you to all my Shareholders, I won't let you down.
Just keep believing in me...and our comeback song is,
https://www.youtube.com/watch?v=xbhCPt6PZIU
GO ACCR!!!
BY:
/s/
Patrick J. Jensen
President, Treasurer, and Director
ACCESS-POWER, INC.
A Medical Marijuana Clone Delivery
Service only in Michigan
January 2nd, 2020
