Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash $ 6,647 $ 923
Accounts receivable(net) 624 624
TOTAL CURRENT ASSETS 7,271 1,547
Property, plant and equipment, net 21,769 231,050
Intangible assets 100,000 1,085,144
Goodwill 0 256,000
TOTAL ASSETS 129,040 1,573,741
CURRENT LIABILITIES    
Accounts payable and accrued expenses 59,245 59,186
Other current liabilities 0 31,096
Notes payable - current portion 110,942 135,000
Notes payable - related party 142,562 83,294
TOTAL CURRENT LIABILITIES 312,749 308,576
TOTAL LIABILITIES $ 312,749 $ 308,576
COMMITMENTS AND CONTINGENCIES (Note 9)
ENERGY TEK CORP. ("ENTK") SHAREHOLERS' EQUITY (DEFICIT)    
Preferred Stock 10,000,000 shares authorized $ 3,009 $ 3,009
Common Stock 500,000,000 authorized at $0.001 par value; 22,787,964 and 1,508,367 shares issued and outstanding December 31, 2015 and December 31, 2014. 22,788 1,508
Additional paid-in capital 24,727,584 22,695,464
Accumulated deficit (24,937,090) (21,389,496)
Less Treasury stock at cost (137,335 shares at $0.33) 0 (45,320)
TOTAL EQUITY(DEFICIT) (183,709) 1,265,165
TOTAL LIABILITIES, AND EQUITY(DEFICIT) 129,040 1,573,741
Series B Preferred Stock    
ENERGY TEK CORP. ("ENTK") SHAREHOLERS' EQUITY (DEFICIT)    
Preferred Stock 10,000,000 shares authorized [1] 3,000 3,000
Series C Preferred Stock    
ENERGY TEK CORP. ("ENTK") SHAREHOLERS' EQUITY (DEFICIT)    
Preferred Stock 10,000,000 shares authorized [2] $ 9 $ 9
[1] Series B $0.01 par value 300,000 shares issued and outstanding at December 31, 2015 and December 31, 2014.
[2] Series C $0.01 par value 800 shares issued and outstanding at December 31, 2015 and 900 at December 31, 2014