Quantum Medical Transport Financial Results

Houston, TX -- January 16, 2017 -- InvestorsHub NewsWire -- Quantum Medical Transport, Inc. (DRWN: OTCBB) We are pleased to present our financial results for the period ending December 31, 2017 as follows:

 

 
Consolidated Balance Sheet
As of December 31, 2017
   
                                                                    Total
ASSETS  
   Current Assets  
      Bank Accounts  
         BBVA Compass Checking                                                                           3,775.05 
         Checking Account                                                                         23,150.89 
         Savings Account                                                                           5,578.76 
         Savings II                                                                                25.35 
      Total Bank Accounts                                               $                        32,530.05 
      Accounts Receivable  
         AR - Wheelchair                                                                        30,469.52 
         Billing                                                                                 0.00 
         Contractual Adj - Ambulance                                                                                 0.00 
      Total Accounts Receivable                                              $                        30,469.52 
      Other Current Assets  
      Total Other Current Assets                                              $                                 0.00 
   Total Current Assets                                              $                        62,999.57 
   Fixed Assets  
      Ambulance                                                                        38,213.67  
      Office Improvements                                                                        28,250.00 
      Wheel Chair Van                                                                        49,175.00 
   Total Fixed Assets                                               $                      115,638.67 
   Other Assets  
      Accumulated Depreciation                                                                      -80,075.00 
      Goodwill                                                                        1,200,000.00 
   Total Other Assets                                              $                   1,119,925.00 
TOTAL ASSETS                                             $                   1,298,563.24 
LIABILITIES AND EQUITY  
   Liabilities  
      Current Liabilities  
         Accounts Payable  
            Accounts Payable                                                                   398,485.00
         Total Accounts Payable                                            $                     398,485.00 
         Other Current Liabilities  
            Direct Deposit Liabilities                                                                           882.64 
            Direct Deposit Payable                                                                               0.00 
            Short Term Loan                                                                        7,400.00 
            Notes to Related Parties                                                                       29,400.00 
            Notes Payable                                                                 1,061,000.00
            On Deck                                                                              -0.04 
            Payroll Liabilities                                                                           971.69 
               0013209310141827                                                                               -0.48 
               00132530472016CI0328  
               Euresti0599192191                                                                         -587.07 
               Euresti2015EM505570                                                                          -530.31 
               Federal Taxes (941/944)                                                                       7,718.61 
               Federal Unemployment (940)                                                                          209.48 
               Schiwart 0013036186140445                                                                     -1,153.38 
               TX Unemployment Tax                                                                         222.11 
            Total Payroll Liabilities                                          $                          6,850.65 
         Total Other Current Liabilities                                          $                   1,105,533.25 
      Total Current Liabilities                                          $                   1,504,018.25 
   Total Liabilities                                          $                   1,504,018.25 
   
 
Equity		  
Stockholders' Deficit  
Series A Preferred Stock, $0.000001 par value, 10,000,000 shares authorized;  
  none issued and  outstanding -
Series B Preferred Stock, $0.000001 par value, 10,000 shares authorized;  
  none  issued and outstanding -
Common Stock, $0.000001 par value, 10,000,000,000 shares authorized;  
  8,058,898,915 shares issued and outstanding      8,058.00
Additional paid in capital  
Accumulated deficit -197,397.01
Total Stockholders’ Deficit                              -205.455.01 
Total Liabilities and Equity 1,298,563.24

 
 
 
  
Profit and Loss
Consolidated for the Period Ending December 31, 2017
(Unaudited)

             2017
Revenue          1,310,140
OPERATING EXPENSES  
COGS             212,534   
G&A             874,762       
TOTAL EXPENSES          1,087,296 
 
NET OPERATING INCOME (LOSS)		         $222,844
   


 
 
 
Statement of Cash Flows
(Unaudited)
Ending December 31, 2017
 

  Total
CASH FLOW FROM OPERATING ACTIVITIES  
Net Income      $    10,309.00
Net Cash Provided by Operating activities      $    10,309.00
   
CASH FLOW FROM FINANCING ACTIVITIES  
Net Cash Provided by investing activities $                 0.00 
   
CASH FLOW FROM FINANCING ACTIVITIES  
Equity (common shares)                    0.00
Borrowing on related party debt                     0.00
Net Cash Provided by Financing activities $                 0.00
   
NET INCREASE IN CASH             6,051.14
CASH AT BEGINNING OF PERIOD           26,480.86
CASH AT END OF PERIOD      
  $32,530.00         

 
 
  
About Quantum Medical Transport/United Ambulance
QUANTUM MEDICAL TRANSPORT, INC. /UNITED AMBULANCE, LLC is an emergency and non-emergency medical services transportation company that operates in the State of Texas. The Company provides basic and advanced life support ground transport in an emergency and non-emergency setting, 24 hours a day, and seven days a week. The Company makes both local and regional out-of-town services available on a daily dispatch basis. 
Management remains focused on providing prompt, high-quality patient care at the Advanced and Basic Life Support levels. Employees will work diligently to achieve goals while maintaining the highest standards of care.
 
 
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “intends, “plans,” “should,” “seeks,” “pro forma,” “anticipates,” “estimates,” “continues,” or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions.  A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under “Risk Factors” and “Our Business.” Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.
 
Investor Relations:
Ricky Bernard
832-436-1831 x100
info@quantummedicaltransport.com
www.quantummedicaltransport.com
 

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