All Things Mobile Analytic Inc.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsAll Things Mobile Analytic, Inc., formerly Toron, Inc., is a Nevada shell company with nominal assets and no disclosed revenue, pursuing mineral property acquisitions.
What they do
The company, which operates as Toron, Inc., is a Nevada-registered entity with principal offices in Nairobi, Kenya. Its operations, per the latest filings, have focused on acquiring mineral properties, evidenced by acquisition agreements with Stephane LeBlanc, Glenn Griesbach, and 9248-7792 Quebec Inc. in 2011 and 2012. As of the latest balance sheet, it holds no material assets or ongoing business operations.
Revenue drivers
- Mineral property acquisitions — Historically, the company's only disclosed business activity was acquiring mineral properties, but no revenue is reported from these properties.
Recent performance
For fiscal year ended January 31, 2014, the company reported a net loss of $1.8 million, and for the quarter ended April 30, 2014, a net loss of $71,671. Cash flow from operations was negative $32,897 in 2014. As of April 30, 2014, total assets were $1,757, total liabilities $507,366, and shareholder equity was negative $505,727.
Strategy
The company's filings do not present a clear operating strategy. It has historically engaged in mineral property acquisitions and has a consulting agreement with Ramzan Savji dated November 1, 2013. Management has not articulated a forward-looking business plan in the amended reports.
Risks
- Negative equity — Shareholder equity is negative $505,727 as of April 30, 2014, indicating a severe capital deficiency.
- Minimal cash — Cash and equivalents are only $1,639, insufficient to fund meaningful operations.
- No revenue — No revenue is reported in any period, and the company's mineral properties have not generated income.
- Regulatory and control risk — The company is a smaller reporting company with a history of amendments and changes in officers and accountants, and may be a shell company.
Outlook
Management has not provided a specific outlook. The company's continued existence is uncertain given its negative equity, lack of cash, and no revenue. No forward-looking statements regarding future operations are contained in the amended filings.