$VPRB
VPR Brands LP

2014 Q4 Form 10-K Financial Statement

#000158095715000039 Filed on May 22, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2014 2013 Q4
Revenue $0.00 $814.00 $0.00
YoY Change
Cost Of Revenue $0.00
YoY Change
Gross Profit $0.00
YoY Change
Gross Profit Margin 0.0%
Selling, General & Admin $30.00K $91.94K $0.00
YoY Change -100.0%
% of Gross Profit
Research & Development $0.00 $3.439K
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change
% of Gross Profit
Operating Expenses -$120.0K $5.421M $0.00
YoY Change -100.0%
Operating Profit -$5.421M
YoY Change
Interest Expense $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$5.210M -$5.420M $0.00
YoY Change -100.0%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$5.210M -$5.420M $0.00
YoY Change 91855.04%
Net Earnings / Revenue -665826.78%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.31 -$371.5K $0.00
COMMON SHARES
Basic Shares Outstanding 17.29M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.00K $9.440K $0.00
YoY Change
Cash & Equivalents $9.442K
Short-Term Investments
Other Short-Term Assets $0.00 $0.00
YoY Change
Inventory $0.00
Prepaid Expenses
Receivables $0.00
Other Receivables $0.00
Total Short-Term Assets $9.442K $9.440K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $0.00
YoY Change
Goodwill
YoY Change
Intangibles $0.00 $5.325M
YoY Change -100.0%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $5.325M
YoY Change -100.0% -100.0%
TOTAL ASSETS
Total Short-Term Assets $9.442K $9.440K
Total Long-Term Assets $0.00 $0.00 $5.325M
Total Assets $9.442K $9.440K $5.325M
YoY Change -99.82% -99.82% 2535737.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.00K $0.00 $0.00
YoY Change -100.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $5.760K $5.760K $0.00
YoY Change -100.0%
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 $5.760K $5.760K $0.00
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $5.760K $5.760K $1.750K
YoY Change 229.14% -94.2%
SHAREHOLDERS EQUITY
Retained Earnings -$5.545M -$124.8K
YoY Change 4341.94% 4.96%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $0.00 $3.680K $5.320M
YoY Change
Total Liabilities & Shareholders Equity $9.442K $9.440K $5.325M
YoY Change -99.82% -99.82% 2535737.14%

Cashflow Statement

Concept 2014 Q4 2014 2013 Q4
OPERATING ACTIVITIES
Net Income -$5.210M -$5.420M $0.00
YoY Change 91855.04%
Depreciation, Depletion And Amortization $0.00
YoY Change
Cash From Operating Activities -$30.00K -$90.56K -$10.00K
YoY Change 200.0% 655.15%
INVESTING ACTIVITIES
Capital Expenditures $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 0.000 $100.0K 10.00K
YoY Change -100.0% 733.89%
NET CHANGE
Cash From Operating Activities -30.00K -$90.56K -10.00K
Cash From Investing Activities 0.000
Cash From Financing Activities 0.000 $100.0K 10.00K
Net Change In Cash -30.00K $9.442K 0.000
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$30.00K -$90.56K -$10.00K
Capital Expenditures $0.00
Free Cash Flow -$90.56K
YoY Change 655.15%

Facts In Submission

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CY2013 us-gaap Operating Expenses
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CY2013Q4 us-gaap Assets
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CY2014 us-gaap Revenues
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CY2014 dei Document Type
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CY2014 us-gaap Income Tax Expense Benefit
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CY2013 us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted
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CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted
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CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted
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CY2013 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
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CY2014 us-gaap Increase Decrease In Prepaid Expense
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CY2013 us-gaap Increase Decrease In Prepaid Expense
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CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2014 us-gaap Net Cash Provided By Used In Operating Activities
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CY2014 us-gaap Proceeds From Related Party Debt
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CY2014 us-gaap Partners Capital Account Sale Of Units
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CY2014 us-gaap Nature Of Operations
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<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;"><b>NOTE 1. ORGANIZATION</b></font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;">&#160;</font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;">Soleil 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 September 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="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;">&#160;</font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;"><i>Business Description.</i></font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;">&#160;</font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;">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="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;">&#160;</font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0; text-align: justify;"><font style="font-size: 10pt;">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. On September 6, 2014 Mr. Pan exercised warrants on a cashless basis equivalent to <font>1,980,000</font> common units. This constitutes the entire <font>2,000,000</font> units and <font>none</font> are outstanding.</font></p> </div>
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<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;"><b><i>Use of Estimates</i></b><i> </i></font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;">&#160;</font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;">The preparation of financial statements in conformity with generally accepted accounting principles generally accepted in the Untied States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates</font></p> </div>
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CY2014 dei Entity Registrant Name
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CY2014 dei Entity Central Index Key
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Files In Submission

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0001580957-15-000039-index-headers.html Edgar Link pending
0001580957-15-000039-index.html Edgar Link pending
0001580957-15-000039.txt Edgar Link pending
0001580957-15-000039-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image_001.jpg Edgar Link pending
image_002.jpg Edgar Link pending
image_003.jpg Edgar Link pending
jobi-20141231.xml Edgar Link completed
jobi-20141231.xsd Edgar Link pending
jobi-20141231_cal.xml Edgar Link unprocessable
jobi-20141231_def.xml Edgar Link unprocessable
jobi-20141231_lab.xml Edgar Link unprocessable
jobi-20141231_pre.xml Edgar Link unprocessable
jobi121410k.htm Edgar Link pending
jobi1214ex31_1.htm Edgar Link pending
jobi1214ex31_2.htm Edgar Link pending
jobi1214ex32_1.htm Edgar Link pending
jobi1214ex32_2.htm Edgar Link pending
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