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Last $0.0001 USD
Change Today 0.00 / 0.00%
Volume 0.0
GARB On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

garb oil & power corporation (GARB) Snapshot

Open
$0.0001
Previous Close
$0.0001
Day High
$0.0001
Day Low
$0.0001
52 Week High
03/31/14 - $0.0002
52 Week Low
03/27/15 - $0.0001
Market Cap
4.7M
Average Volume 10 Days
300.1K
EPS TTM
$-0.01
Shares Outstanding
47.5B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GARB OIL & POWER CORPORATION (GARB)

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garb oil & power corporation (GARB) Details

Garb Oil & Power Corporation operates in the waste recycling and related waste-to-energy businesses in the United States. It manufactures and sells tires, shredders, and related recycling equipment. The company provides solutions for waste-to-energy, including the potential use of hemp, alternate energy sources, fuel enhancements, recycle fuel operations, and new equipment technologies. Garb Oil & Power Corporation is based in Largo, Florida.

1 Employees
Last Reported Date: 03/24/15

garb oil & power corporation (GARB) Top Compensated Officers

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Executives, Board Directors

garb oil & power corporation (GARB) Key Developments

Garb Oil & Power Corporation Auditor Raises 'Going Concern' Doubt

Garb Oil & Power Corporation filed its 10-K on Mar 24, 2015 for the period ending Dec 31, 2013. In this report its auditor, H J & Associates, LLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Garb Oil & Power Corporation Secures the Largo Commercial Property

Garb Oil & Power Corporation announced it has secured the Largo commercial property located at 1185 Gooden Crossing, Largo, FL with occupancy that began this month. The purchase is secured with a lease to own agreement in the amount of $1,385,000 and the monthly lease amount is $7,000 for the 16,838 square feet portion of the property with $5,000 monthly being recognized as principal payments toward the total purchase price of the entire complex. As a capital lease, the full $1,385,000 will be recognized as an asset on the company's balance sheet effective September 2014. The commercial property site has a total of 55,785 square feet of Office and Warehouse space located on 2.51 acres of land. The 16,838 square feet portion includes office space to primarily be utilized by the corporate Sales and Marketing Department. The available warehouse space is sufficient to warehouse and sell new truck tires. The term is for six months for the purchase to close March 3, 2015 to allow the seller to complete their Christmas Holiday seasonal sales period prior to moving.

Garb Oil & Power Corporation Enters into Lease-To-Own Letter of Intent for 55,785 Square Feet of Office and Warehouse Space

Garb Oil & Power Corporation entered into a material contract, a Lease-to-Own Letter of Intent, for a Largo commercial property that totals 55,785 square feet of Office and Warehouse space located on 2.51 acres of land for the Company to occupy 16,838 square feet of the space by July 1, 2014. The 16,838 square feet of warehouse space that is currently being utilized by the seller that will be made available for occupancy is sufficient to house the Company's corporate staff, especially the office space required to fully staff the corporate Sales and Marketing Department. The available warehouse space being occupied is sufficient to warehouse and sell new truck tires. The Lease-to-Own purchase amount is $1,385,000 and the monthly lease amount is $7,000 for the 16,838 square feet portion of the property with $5,000 monthly being recognized as principal payments toward the purchase price of the entire 55,785 square foot complex. The Lease-to-Own term is for six months.

 

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Valuation GARB Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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