Quantum Medical Transport Financial Results

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