Identillect Technologies Corp V.ID

Technology Software - Infrastructure

Identillect Technologies Corp. operates through its wholly owned subsidiary, Identillect Technologies Inc. is a software development company that has developed an email encryption software solution. Its activities include research, design, and development of an email encryption solution for use by business and individuals in their day-to-day communication. Its software Delivery Trust is a proprietary email encryption technology targets organizations of all sizes, as well as individuals medical professionals, insurance companies, accountants, lawyers, real estate agents, and educators on a monthly subscription basis. Delivery Trust can be accessed by professionals on a range of electronic communication devices. Delivery Trust integrates multi-factor authentication (MFA) for account login as well as recipient verification. MFA combines two or more independent credentials: what the user knows (password), what the user possesses (token) or what the user is like (biometric verification).

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Identillect Technologies Corp

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Post by PennyTrader10on Jul 15, 2018 10:25am

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Post# 28317850

ID Financials 2015, 16 17 & Q1 2018

Description	2015	2016	2017	Q1 2018
Total Assets	$163,372.00	$280,620.00	$1,279,274.00	$1,013,037.00
Current Liabilities	$1,003,254.00	$1,486,161.00	$766,947.00	$757,875.00


Total Liabilities and Shareholders’ Deficiency	$163,372.00	$280,620.00	$1,279,274.00	$1,013,037.00


Deficit	-$3,543,322.00	-$6,837,124.00	-$8,815,714.00	-$9,142,454.00


Net Revenue	$159,841.00	$518,068.00	$694,576.00	$213,602.00
Expenses	$2,037,785.00	$2,076,717.00	$2,641,001.00	$520,971.00


Comprehensive loss for the year	-$1,840,117.00	-$3,303,463.00	-$2,004,588.00	-$333,520.00

Weighted average number of shares outstanding	24,170,610	38,581,511	77,595,867	97,208,739

Basic and diluted loss per share	-$0.08	-$0.09	-$0.03	$0.00

ACQUISITION OF QUENTIN VENTURES LTD
2016 Listing expense (Note 4) (1,761,611)
The difference between the consideration paid of $1,081,862
and the fair value of the net working capital deficit of the Company
of $679,749 amounted to a net listing expense of $1,761,611.