$VPRB
VPR Brands, LP.

2014 Q3 Form 10-Q Financial Statement

#000158095714000054 Filed on August 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $43.09K $10.00K $0.00
YoY Change
% of Gross Profit
Research & Development $1.795K
YoY Change
% of Gross Profit
Depreciation & Amortization $148.0K $0.00
YoY Change
% of Gross Profit
Operating Expenses $192.9K $12.71K
YoY Change
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$190.0K -$10.00K -$1.062K
YoY Change 841.62% -2.39%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$192.9K -$12.71K -$1.062K
YoY Change 16149.45% 1096.7% -2.39%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.01 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 13.13M shares 13.13M shares 2.625M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.00K $0.00 $0.00
YoY Change
Cash & Equivalents $35.41K
Short-Term Investments
Other Short-Term Assets $0.00
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $35.41K $0.00
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $5.177M $5.325M
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $5.177M $5.325M $210.00
YoY Change 2465260.95% 2535737.14%
TOTAL ASSETS
Total Short-Term Assets $35.41K $0.00
Total Long-Term Assets $5.177M $5.325M $210.00
Total Assets $5.213M $5.325M $210.00
YoY Change 2482122.86% 2535737.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $10.00K $10.00K
YoY Change -100.0% 0.0% 0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $10.00K $20.00K
YoY Change -100.0% -50.0% 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $0.00 $20.00K $30.00K
YoY Change -100.0% -33.33% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $0.00 $20.00K $30.00K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.000K $20.71K $32.18K
YoY Change -97.0% -35.65% 14.47%
SHAREHOLDERS EQUITY
Retained Earnings -$336.7K -$143.8K -$120.9K
YoY Change 175.66% 18.89% 3.48%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.210M $5.300M -$30.00K
YoY Change
Total Liabilities & Shareholders Equity $5.213M $5.325M $210.00
YoY Change 2482122.86% 2535737.14% 0.0%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$192.9K -$12.71K -$1.062K
YoY Change 16149.45% 1096.7% -2.39%
Depreciation, Depletion And Amortization $148.0K $0.00
YoY Change
Cash From Operating Activities -$50.00K $0.00 -$472.00
YoY Change 4112.3% -100.0%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 90.00K 0.000 $472.00
YoY Change 7482.14% -100.0%
NET CHANGE
Cash From Operating Activities -50.00K 0.000 -$472.00
Cash From Investing Activities 0.000
Cash From Financing Activities 90.00K 0.000 $472.00
Net Change In Cash 40.00K 0.000 $0.00
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$50.00K $0.00 -$472.00
Capital Expenditures $0.00 $0.00
Free Cash Flow $0.00 -$472.00
YoY Change -100.0%

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<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div> <p style=" margin: 0pt 0pt 16pt; font-family : Times New Roman;"><font style=" font-family : Times New Roman; font-size: 12pt;"><strong>NOTE <font>1</font>. ORGANIZATION</strong></font></p> <p style=" margin: 0pt 0pt 16pt; font-family : Times New Roman;"><font style=" font-family : Times New Roman; font-size: 12pt;">Soliel Capital L.P. (the &#147;Company&#148;, &#147;we&#148;, &#147;our&#148;) was incorporated in New York on July 19, 2004, as Jobsinsite,.com, Inc., Our Articles of incorporation were amended on August 5, 2004, to change our name to Jobsinsite, Inc. on June 18, 2009 we merged with a Delaware corporation and became Jobsinsite, Inc., and on July 1, 2009 we filed articles of conversion with the secretary of state of Delaware and became Soleil Capital L.P., a Delaware limited partnership.</font></p> <p style=" margin: 0pt 0pt 16pt; font-family : Times New Roman;"><font style=" font-family : Times New Roman; font-size: 12pt; font-style: italic;">Business Description</font></p> <p style=" margin: 0pt 0pt 16pt; font-family : Times New Roman;"><font style=" font-family : Times New Roman; font-size: 12pt;">Since our inception the company has generated nominal revenues through the sale of software items related to the job search industry.</font></p> <p style=" margin: 0pt 0pt 16pt; text-align: justify; font-family : Times New Roman;"><font style=" font-family : Times New Roman; font-size: 12pt;">On December 27, 2013, the Company entered into a patent acquisition agreement (the "Purchase Agreement"), by and among Soleil and Guocheng "Greg" Pan, a natural person, pursuant to which Soleil agreed to purchase certain electronic cigarette patents owned and invented by Mr. Pan (the "Purchased Assets"). Under the terms of the Purchase Agreement and in consideration for the acquisition of the Purchased assets, Soleil issued to Mr. Pan (and certain of his designees) <font>10,501,700</font> common units representing limited partnership units of Soleil and a warrant to purchase <font>2,000,000</font> common units representing limited partnership units of Soleil. The warrants entitle Mr. Pan (or his designees) to purchase Soleil common units at $<font>0.15</font> per common unit with an expiration date <font>ten</font> years from the effective date of the Purchase Agreement.</font></p> <p style=" margin: 0; text-align: justify; font-family : Times New Roman;"><font style=" font-family : Times New Roman; font-size: 12pt;">We are a development stage enterprise engaged in various monetization strategies of a portfolio of patents the Company owns in both the US and China, covering electronic cigarette, electronic cigar and personal vaporizer patents. We currently market a brand of electronic cigarettes marketed under the brand &#147;Red&#148; in the United States and are undertaking efforts to establish distribution of our electronic cigarette brand in China. We are currently also identifying electronic cigarette companies that may be infringing our patents and exploring options to license and or enforce our patents.</font></p> </div> </div>
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dei Entity Central Index Key
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dei Document Type
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10-Q
dei Document Period End Date
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2014-06-30
dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Entity Filer Category
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
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Q2
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Files In Submission

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