EDGAR 10-K Filing

Company CIK: 1041588
Filing Year: 2021
Filename: 1041588_10-K_2021_0001041588-21-000001.json

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ITEM 1. BUSINESS
ITEM 1. DESCRIPTION OF BUSINESS
Access-Power & Co., Inc, is a for profit business looking for a MERGER CANDIDATE. We believe that a REVERSE MERGER candidate is ready to happen in 2021.
2020 was a bad year with the Biblical Covid-19 attack on mankind. We believe this aggression will continue into 2021, and affect consumer demand.
THE COMPANY HAS NOT HAD ANY CONSISTENT REVENUE SINCE MAY 2020.
The Company struggled from May 1, 2019 to October 18, 2019. We had no income during this period, and our operational expenses were paid for by myself, Patrick J. Jensen as a donation to the Company. I personally paid out of my own pocket all the expenses during this dark time, EVEN TODAY.
On October 2, 2019---> I dreamed of getting off the greys. This is a fact.
The Company also operates many eCommerce websites at the present time.
https://www.clonesbydrones.com https://www.clonesbycar.com (s) https://www.mycbdpets.com
We continue to strive to build up our revenues. We want to succeed and we will comeback to a higher reporting standard. On October 18, 2019 we were upgraded in trading tier from the dark grey market to the PINK NO INFORMATION market. We have no intention of going back to the grey market, as the Company currently trades on an unsolicited basis in the PINK NO INFORMATION tier at OTC Markets.
THERE IS RISK TO OUR PLAN.
OTC MARKETS COULD SAY NO...
OTC Markets could deny our re-application again on January 24, 2021.
ACCR DOES NOT BELIEVE IN PROMOTION, we tried it once in January 2020 and paid $70 in cash, and it was the worst experience the Company ever had...what a dumb promoter. We were curious because the guy came to us soliciting the dumb postings he would do. We cancelled the relationship after 3 dismal daze days. He was posting stuff from 1999 as current information...LOL.
The $70 bucks was unsolicited by the Company. We were just dumb and curious at that one moment in time. We will NOT engage in this type of activity again....not now. Please forgive our past mistakes...
ACCR has not sold 1 single share of stock in over a Decade and ACCR does NOT believe in promotion ever. Our Director became a US Disabled Citizen on August 20, 2020.
Access-Power & Co., Inc.'s revenue shortfalls are supported by personal donations from Patrick J. Jensen, our Company Director.
We issued the following PRESS RELEASE on December 28th, 2020.
Access-Power & Co., Inc. affirms commitment to go PINK CURRENT with OTC Markets on January 24, 2021
GRAND HAVEN, Mich., Dec. 28, 2020 (GLOBE NEWSWIRE) -- Access-Power & Co., Inc., ACCR or the Company, a Grand Haven based diversified holding Company is pleased to announce a new plan to get to the PINK CURRENT INFORMATION tier with OTC Markets, and reapply by January 24th, 2021.
The company is fully aware of the steps involved to attain PINK CURRENT tier by our re-application date of January 24, 2021. Our Director, Patrick J Jensen commented, it is with great pleasure that we affirm our commitment to go PINK CURRENT with OTC Markets. We have analyzed our requirements to get to this new tier. The requirements are found here,
https://www.otcmarkets.com/corporate-services/information-for-pink- companies
Additionally, the Company is pleased to announce the hiring of a consultant/accountant to help bridge forward all of our financial statements. The Company, going into 2021, is already set up with QUICKBOOKs in anticipation of this higher standard for reporting. Our accountant was hired on December 18, 2020. Our consultant/accountant will also be preparing our Financial Disclosure Reports to be filed with OTC Markets.
The Company expects all expenses to be covered. ACCR on 12/18/2020 wired $2,500.00 to the bank account of our hired accountant. Patrick J Jensen continued, Our hired accountant came to the Company as a result of a referral. We are pleased, and very blessed to have this ANGEL come down and help our company.
Patrick further assures shareholders, ACCR expects good CASH FLOW upcoming. Our Director has made a commitment in writing to do another paid in capital donation of $25,000.00 by the end of April 2021. We are pleased with the level of commitment that has been established with our Director, Patrick J Jensen.
Patrick commented, All ACCR expenses right now are covered. We anticipate enough cash to cover all upcoming expenses. ACCR will owe $2,500.00 to our consultant in another month. ACCR will owe OTC Markets another $1k application fee and another $5.5k to complete the yearly News & Disclosure Service of OTC Markets. In the end, ACCR expects to pass all requirements, and get PINK CURRENT.
Today, ACCR also has learned that MMs going forward will make selected solicited quotes for all Companies in the PINK CURRENT tier of OTC Markets. We want our Shareholders to know, that we see all of this coming, and expect to have enough cash to cover all anticipated expenses with continued ZERO LONG TERM DEBT in 2021, and only common stock in our float.

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ITEM 1A. RISK FACTORS
ITEM 1a. RISK FACTORS
ACCR DOES NOT BELIEVE IN PROMOTION - PERIOD!
Access-Power & Co., Inc. sees RISK EVERYWHERE in this World of Worry!
We have a consumer model that is 100percent legal and we believe our Clones by Car business will be incredible. THERE IS NO DILUTION IN OUR COMMON STOCK in 2021.
ACCR may have to re-classify ourselves, in future quarters, as a SHELL COMPANY.
We are in control of the treasury of ACCR. We will guard this treasury with our life, as we believe that NO DILUTION will be very beneficial to our Shareholders over the long term. There are no convertible debentures associated with ACCR.
ACCR has zero long term debt.
We have a strong set of bylaws.
Risk by our Director is mitigated.

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ITEM 1B. UNRESOLVED STAFF COMMENTS
ITEM 1b. UNRESOLVED STAFF COMMENTS
NONE, we plan to re-file our FORM 10 very soon...THERE IS A GOOD CHANCE THAT ACCR FOR THE FIRST TIME WILL BE MARKED AS A SHELL.
REVENUE has been affected by Covid-19. We must find another private company that is willing to carry some innocent weight and use our Shell/Company to go public.
We will re-register our shares again in 2021 via our Form 10. We know this ----> we plea wi the SEC please just give us some more time.
OUR REVERSE MERGER IS CRITICAL

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ITEM 2. PROPERTIES
ITEM 2. PROPERTY
There is not much property here...
1. http://tsdr.uspto.gov/#caseNumber=88690325&caseType= SERIAL_NO& searchType=statusSearch
https://tsdr.uspto.gov/#caseNumber=90054802&caseType=SERIAL_NO &searchType=statusSearch
2. Hollistic Legendary Seeds $2,000.00 estimated value. Shelf life of 20 years.
3. 2010 BMW 650i M Tuned Edition...Racing Sports w/ only 55k miles
4. The Mind of Patrick J Jensen - structurally sound, let's GO!
5. 186,984,379 restricted ACCR common shares or 62.3281% of all the VOTE

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ITEM 3. LEGAL PROCEEDINGS
ITEM 3. LEGAL PROCEEDINGS
NONE - and we do not anticipate any expense problems in 2021. ACCR has strong confidence that all of our anticipated Company expenses will be covered.

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ITEM 4. MINE SAFETY DISCLOSURE
ITEM 4. Mine Safety Disclosures.
If applicable, provide a statement that the information concerning mine safety violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 104 of Regulation S-K (17 CFR229.104) is included in exhibit 95 to the annual report.
NONE.
PART II

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ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY
ITEM 5. MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
We trade in the unsolicited basis of OTC Markets in the PINK NO INFORMATION tier venue.
ALL ON FILE WITH THE SEC WITH MANY STAFF INTERACTION. We plan to refile our FORM 10 soon. We are working to reapply with OTC Markets for the PINK CURRENT INFORMATION tier venue change.
All we have to do is get 2 years of AUDITED FINANCIALS, and the ever important attorney letter.
ACCR IS ENGAGING AN ATTORNEY to help us with the ATTORNEY LETTER. (This is our plan)
CASH IS KING.
https://www.otcmarkets.com/stock/ACCR/security

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ITEM 6. SELECTED FINANCIAL DATA
ITEM 6.	 SELECTED FINANCIAL DATA
PREPARED BY PATRICK OUR DREAM IS PRICELESS...Where do I place public value on...
https://www.clonesbydrones.com https://www.clonesbycar.com (s) https://www.mycbdpets.com
and my other dreams.
NO PUBLIC DILUTION IN 2020 - ALL YEAR, and ALL YEAR IN 2021 GO ASK FINRA.
ACCESS-POWER & CO., INC. (An Emerging Growth Company MICRO CAP)
UNAUDITED - REVIEWED by HR & Block only 2019
Balance Sheets Comps YEAR over YEAR Our last quartertly report filed Sepetember 30, 2020 is on file with the SEC.
We plan to file our 2020 tax return soon in 2021 for the THIRD year in a row with H&R Block.
Assets (UNAUDITED - self reported in TRUST)
DECEMBER 31, 2020 December 31, 2019 ------------------ ------------------ (unaudited) Current assets: Cash $ 32,700.13 $ 1,138.73 CDs Accounts receivable $ 0 $ 0 Prepaid expenses Hollistic Legendary Seeds $ 2,000.00 $ 1,000.00 --------------------------------------- Total current assets $ 34,700.00 $ 2,138.73 ----------------------------------------
Property and equipment, net ACCR Car - 1 BMW ONLY NOW $ *10,000.00 $ 1,000.00 (sold at approx. $25,000.00 NET)
Other assets $ 0 $ 0 --------------------------------------- Total assets $ 44,700.13 $ 3,138.73 ================================== ==================================
Liabilities and Stockholders' Equity (Deficit) Current liabilities:
Accounts payable and accrued expenses rent $ 1,500.00 $ 1,500.00 Cable, Internet, and TV $ 185.00 $ 185.00 Electricity, Gas, Water, and Sewer $ 100.00 $ 100.00
Marketing Expenses (includes THE BMW) $500.00 $ 500.00 Food, Office supplies, etc $ 100.00 $ 100.00
Current portion of long-term debt - - Total current liabilities $ 0 $ 0
BMW debt as of 12/31/2020 $13,908.00 affiliate DIRECTOR owned.
Convertible debentures/notes and Warrants $ 0 $ 0 ------------------ ------------------
We are working on RETAINED EARNINGS continuation from 2002 last reported financial earnings and statements.
Total short term liabilities MONTHLY (($ 2,385.00)) (($ 2,385.00)) --------------------------------------- ---------------------------------------
*One 2010 BMW 650i M Tuned Racing Sport Edition NET EQUITY est $10,000.00
*The BMW is in a private name AFFILIATE that at the stroke of a PEN, becomes the 100% wholly owned asset/debt as reported.
GO ACCR!!! PREPARED BY PATRICK
Stockholders' equity (deficit): Common stock, $.001 par value, authorized 300,000,000 shares, issued and outstanding 244,144,121 and 300,000,000 shares as of December 31st, 2019 and Dec 31, 2020
ACCR TREASURY OF COMMON STOCK IS SOLID STEEL STRUCTURE NO PUBLIC DILUTION 2020 and 2021
Par Value of Equity Structure $ 300,000.00 $ 244,144.12 ==============================
ACCR Total liabilities and stockholders' equity (deficit) $ 300,000.00 $ 244,144.12 ============================
ACCESS-POWER, INC CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
FISCAL YEAR ENDED 4th QTR 2020 December 31st, 2020 CASH FLOW OF OPERATIONS
Patrick J Jensen Personal Donation One TIME DONATION paid in capital $ 0 $ 25,000.00
REVENUE BADLY IMPACTED BY COVID-19 $ 0 $ 20,561.00 One time CAPITAL GRANT $ 0 $ 14,000.00 COST OF REVENUE 	 $0 $ 0 -------------------------------------------------------------------------------- GROSS PROFIT (LOSS) $ 0 $ 34,561.00
OPERATING EXPENSES
Selling, general and administrative exp rent, and utilities 	 $ 2,385.00 28,200.00 Consulting fees 		 $2,500.00 2,500.00 Professional fees and related expenses $ 0.00 0.00 TOTAL OPERATING EXPENSES $4,885.00 $ 30,700.00 Salaries to Patrick J. Jensen	 	 $0 $ 1.00 Fair value of derivative liability 	 $0 $ 0.00 OTHER INCOME nonreCURRING $0 $ 0 Gain on debt extinguishment 	 $ 0.00 INCOME BEFORE PROVISION FOR nil	 $3,861.00 INCOME TAXES PROVISION FOR INCOME TAXES treated as prepaid expense on balance sheet 			 	nil $ 0.00 NET (LOSS) INCOME 	 nil $3,861.00 BASIC (LOSS) INCOME PER SHARE DILUTED (LOSS) INCOME PER SHARE nil $3,861.00 WEIGHTED AVERAGE COMMON SHARES OUTSTANDING BASIC 300,000,000 shares 300,000,000 shares
PUBLISHED DISCLOSURE WITH ALL MY SPIRIT AND LOVE
TOTAL RESTRICTED SHAREs 201,625,854 shares or just over 65percent of all stock. ESTIMATED FLOAT LESS THAN 98,974,146 shares Estimated Trading Float substantially lower than 98,974,146 shares EPS				nil nil
The 4th QTR of 2020 saw $0 revenue, and later in 2021, we may be forced to change our Shell designation if Company revenue continues to suffer------> NOTE TO SEC PLEASE

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ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS
ITEM 7.	 MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONs
ACCR values our common shares, and we may buy them back in 2021. We have a good cash pile, and will use it as we see fit.
Our Director is a full time US Disabled Citizen as of August 8, 2020. https://www.sec.gov/divisions/corpfin/faqs/soxact2002.htm https://en.wikipedia.org/wiki/Sarbanes%E2%80%93Oxley_Act
Access-Power & Co., Inc., is a Grand Haven, MI based medical marijuana clone company on track to become Michigans only manufacturer and distributor of medical marijuana clone products delivered by https://www.clonesbycar.com (s). We are planning and implementing to become a fully licensed operation in the State of Michigan. Our seedvault includes famous strains such as Amnesia Haze...and so many more. We are in development of a new service trademarked under the brand, Clones by Cars (TM), a method for delivering marijuana and marijuana clones online across the nation by CARS!
Our beta website is www.clonesbycar.com (s). Additionally, the Company offers a variety of calming pet products on its website www.mycbdpets.com. Access-Power & Co., Inc. was formed in 1996 and is a Florida-based profit Corporation. We only have common stock, and the Corporation has zero debt and no convertible notes. NO WARRANTS.
Our Shareholders will enjoy no dilution in our Common shares through the end of 2021, specifically MARCH 2022.
Finally, Access-Power & Co., Inc., is seeking to merge with another entity with experienced management to create value for our shareholders. We can do anything in this world.
The Director is Actively looking for a MERGER DEAL.

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ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 7a. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Access-Power & Co., Inc. is not concerned about market risk. The Company has learned that in 2021, OTC Markets and Market Makers will decide price discovery and entity certification for achieving Solicited Quotes. We understand that the FORM 211 with FINRA will be gone for all PINK CURRENT INFORMATION tier stocks.
The Solicited Quotes will happen on a select basis, and we believe to have an EXCELLENT relationship with our Primary Market Maker.
We hope to make a MONUMENTAL deal in 2021 and maybe by the Fall 2021 refile our FORM 10 with the SEC to ReRegister our shares according to all the Spirit in all the laws of the Securities and Exchange Commission '33 & '34.

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
ITEM 8.	 FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
See item 6.
(b) A smaller reporting company may provide the information required by Article 8 of Regulation S-X in lieu of any financial statements required by Item 8 of this Form.

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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
ITEM 9.	 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
NONE.

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ITEM 9A. CONTROLS AND PROCEDURES
ITEM 9A. CONTROLS AND PROCEDURES
Access-Power & Co., Inc. has strict rules to follow and a Corporate Governance.
Our Director's wife of 30 years was diagnosed with Stage 1 CANCER in our 4th QTR 2020.

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ITEM 9B. OTHER INFORMATION
ITEM 9B. OTHER INFORMATION
Access-Power & Co., Inc. will succeed, and will come back further. On October 18, 2019 Access-Power & Co., Inc. was upgraded in tier at OTC Markets from the grey market back to the Pink No Information Tier. We spent 11 dark years on the OTC Grey Market. We believe in a higher reporting standard. We will not dilute our Shareholders in 2021. Patrick J. Jensen made a critical decision in 2018 which enabled ACCR to get upgraded in tier. We are not going back to the grey market.
NO WAY.
There is an SEC 15c211 Modernization Rule update coming in 2021 - expected by September 2021. We will have 2 trys to get PINK CURRENT with OTC Markets. We will be successfull in our re-application on January 24, 2021.
DO NOT PENALIZE US FOR TRYING - this spirit is ALIVE!
In August 2020, our Director PATRICK became a permanent US Disabled Citizen.
We believe that all OTC Companies in the Pink No Information tier will be remanded to the Expert Market ----> Where the roaches check in, and NEVER check out - the NEW DEATH GREY MARKET in 2021.
Corporate Actions Market Changes ACTION TYPE	EFFECTIVE DATE	SYMBOL	DESCRIPTION Market Change	10/30/2008	ACCR	Market change from Pink No Information to Grey Market Market Change	10/18/2019	ACCR	Market change from Grey Market to Pink No Information
We spent 11 years on the grey market Cellar Boxed.
Everyone wants to know how I did it, as there are only a handful of companies that have ever returned from the dark greys. ACCR has accomplished the unthinkable. We have liquidity and further transparency.
Pink No Information Dark or Defunct Verified Profile 12/2020
https://www.otcmarkets.com/stock/ACCR/security
We are not going back to the GREY MARKET, ever... DREAM ON! https://www.youtube.com/watch?v=iJDtukGW79Y
PART III

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ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
ITEM 10.	DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERANCE
Patrick J. Jensen - Registered owner of 186,984,379 restricted shares of ACCR.
All of these shares are federally RESTRICTED shares. I signed a lock up agreement pledging never to sell or pledge to sell my restricted stock until March 2022. At that time, I will follow all current SEC rules and regulations with regard to Company Directors.
WE have 1 very close advisor who advises ACCR on day to day operations. ACCR will soon announce an ADVISORY BOARD at no cost to the Company.

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ITEM 11. EXECUTIVE COMPENSATION
ITEM 11.	EXECUTIVE COMPENSATION
Patrick J. Jensen is the only KEY EMPLOYEE. I donate all my time and money to the ACCR Treasury. I donate my own personaly funds to fund the operations, as ACCR has ZERO CONVERTIBLE NOTES and ZERO long term debt and NO PROMOTION. I take on a $1 salary from ACCR.
Our Director guarantees all anticipated expenses throughout 2021.

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ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
ITEM 12.	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
Patrick J. Jensen - Registered owner of 186,984,379 restricted shares of ACCR.

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ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
ITEM 13.	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
NONE.

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ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
ITEM 14.	PRINCIPAL ACCOUNTING FEES AND SERVICES
H&R BLOCK of Muskegon. We expect only to pay $450.00 every year for review and support of the 2020 ACCR US Tax Return. We expect to complete our 2020 US TAX BUSINESS RETURN sometime in April 2021. We know that there are many hurdles to bridge forward our accounting.
We need a CPA - and we are working with a consultant to bring one on board.
We need an ATTORNEY LETTER to get PINK CURRENT by our re-application date of January 24, 2021. We have continuous bank statements from May 2018- Present. We are in good standing, and request a re-application please to the CURRENT INFORMATION TIER at OTC Markets.
This is a re-application to be pink current...we last traded in the PINK SHEETS current tier over 13 years ago and on www.otcbb.com
WE MADE A FINRA DAILY LIST ON 5/6/2020 and 9/6/2018.
***** CERTIFIED *****
https://www.otcmarkets.com/stock/ACCR/security
Our next step will be to amend our Company 10k from 2018-2020. We also will secure a letter signed by H&R Block attesting to verification of all monthly bank records, revenue, and expenses. We have a 2 year plan going forward to become CURRENT REGISTERED with the SEC.
We are hooked up to QuickBooks with our CONSULTANT to solidify accounting in 2021.
After 2 years, we plan to get an accountant that is registered with the PCAOB, like BDO of Grand Rapids. We will continue to be a CURRENT REPORTING company. We believe in our plan, and we are secure in our future. Again, as of today, December 31st, 2020...the verified outstanding share is 300,000,000 shares and at a closing price of $.0035, this represents a total Company market value of $1,050,000.00
We value the shares our Company.
PART IV

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ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
Item 15. Exhibits, Financial Statement Schedules.
See above.