ESE.V - ESTec Systems Corp.
 

ESTec Systems Corporation Due Diligence

Symbol: ESE.V
Price: $0.095
Common Shares: 10,461,629
Insider/Institutional Holdings: 8,933,955 (85.4% as per Information Circular on Sedar)
***Only 1,527,674 retail shares***
website:

2015 Q1 Financial Results
ASSETS
Cash: $448,156
Receivables: $716,316
Inventory: $410,635
Income Tax Recoverable: $74,549
Prepaid Expenses: $77,810
Property & Equipment: $139,287
Intangible Assets: $305,164
Goodwill: $774,478
Total Assets: $2,946,396

LIABILITIES
Payables: $631,269
Deposits: $34,335
Current portion of debt: $83,364
Remaining Debt: $1,007,175 (Due by July 2026, see MD&A Highlights)
Advance from parties: $465,650
Total Liabilities: $2,221,793

2014 Year end and 2015 Q1 Results

2014 Total Sales
Revenue: $5,834,345
Gross Profit: $3,219,573
Net Income: $656,878 - $0.063c EPS
**Stock is trading at exactly 1.5 times last year