EDGAR 10-K Filing

Company CIK: 1534155
Filing Year: 2024
Filename: 1534155_10-K_2024_0001213900-24-035114.json

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ITEM 1. BUSINESS
ITEM 1. BUSINESS
ITEM 1.A RISK FACTORS
ITEM 1.B UNRESOLVED STAFF COMMENTS

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ITEM 1A. RISK FACTORS

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ITEM 1B. UNRESOLVED STAFF COMMENTS

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ITEM 2. PROPERTIES
ITEM 2. PROPERTIES

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ITEM 3. LEGAL PROCEEDINGS
ITEM 3. LEGAL PROCEEDINGS

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ITEM 4. MINE SAFETY DISCLOSURE
ITEM 4. MINE SAFETY DISCLOSURES
PART II

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ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

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ITEM 6. SELECTED FINANCIAL DATA
ITEM 6. [RESERVED]

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ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
ITEM 7.A QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

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ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

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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.

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ITEM 9A. CONTROLS AND PROCEDURES
ITEM 9A. CONTROLS AND PROCEDURES

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ITEM 9B. OTHER INFORMATION

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ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE

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ITEM 11. EXECUTIVE COMPENSATION
ITEM 11. EXECUTIVE COMPENSATION

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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

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ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE

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ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
PART IV

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ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
i
PART I
ITEMS 1, 1A, 1B, 2, 3 and 4
SEE NOTE 1
PART II
ITEMS 5, 6, 7, and 7A
SEE NOTE 1
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
AMERI METRO, INC.
CONSOLIDATED BALANCE SHEETS
SEE NOTE 1
AMERI METRO, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
SEE NOTE 1
AMERI METRO, INC.
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ DEFICIT
FOR THE YEARS ENDED JULY 31, 2022 AND 2021
SEE NOTE 1
AMERI METRO, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
SEE NOTE 1
AMERI METRO, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
July 31, 2022 and 2021
NOTE 1 - LETTER FROM AMERI METRO, INC. CFO
April 16, 2024
To Whom this May Concern and for the Record:
Ameri Metro, Inc. (“ARMT”) Background:
ARMT filed its original S-1 on June 13, 2013. ARMT is an infrastructure company specializing in highly technical toll roads, bridges, high-speed rails, and ports. Since 2013, ARMT has solidified over 100 infrastructure contracts throughout the USA and the world. All these contracts will ultimately recognize well more than $1,000,000,000 each averaging approximately $20,000,000,000 each. All contracts ultimately benefit State or Federal agencies. ARMT has solidified funding of approximately $950,000,000,000 from large financial institutions. ARMT was formed to enhance the humanitarian crisis everywhere and fund governments whereby the projects are otherwise not affordable without raising taxes.
Personal Background:
My name is Phillip M. (“Marty”) Hicks, and I am the Co-Chief Executive Officer and Chief Financial Officer of Ameri Metro, Inc. My brief professional background is that I have more than 40 years’ experience and have served throughout the USA as a forensic accountant, one of the most accredited forensic accountants in America. I am a former Partner for Deloitte and a veteran professional Whistleblower for the Security Exchange Commission’s (“SEC”) program since its inception in August of 2011. With respect to White Collar crimes, I have assisted various U.S. Attorney’s offices and the local Federal Bureau of Investigation. I continue to work with former Federal agents. In this respect, I have extensive regulatory experience and have assisted with more than 50 Federal indictments including but not limited to; Robert Bandfield, Gregg Mulholland, Brian Sodi, Scott Key, Barry Honig and others.
Late Regulatory Filings:
We at Ameri Metro, Inc. are providing details resulting in our late filing of the following:
● All 10-Q’s and the 10-K due since January 31, 2022
Even though we have adequate books and records for all periods questioned in the opinion of management, we are unable to file financial statements nor footnotes for these periods due to the following:
1. A bogus lawsuit was filed before the financial periods in question by Andrew Lentz for more than $389,000,000. Mr. Lentz was a former consultant to a related entity of ARMT. Mr. Lentz was fully aware that this bogus lawsuit would cause significant damages to ARMT including, but not limited to, not being able to meet its financial reporting requirements. To date, his strategy has worked.
2. Andrew Lentz boasted to many ARMT affiliates about “blowing the whistle” on ARMT to the SEC. In fact, the SEC indeed accepted the Lentz TCR (complaint) and acted upon it by opening an investigation and issuing questionnaires to all but a few ARMT Stock Class B shareholders. Only an insider such as Andrew Lentz was privy to that very private information. ARMT is currently supporting a lawsuit against Lentz and the SEC on behalf of our Class B shareholders for violations of personal privacy, fraud and extortion. In that regard, Lentz was not in a position to file a lawsuit of this magnitude, notably having filed personal bankruptcy three times, thus fraudulent.
3. Even though Andrew Lentz clearly made materially false statements to a Federal agency (i.e. the SEC) causing serious damages to ARMT, the SEC has not pursued, to our knowledge, a criminal complaint against him via the Department of Justice. In fact, the SEC continues to pursue de-registration of ARMT regardless of merit.
4. The SEC has not issued its final position on accounting for digital currencies. The proposed SEC position remains in direct conflict with GAAP standards and the AICPA’s proposals. We agree with the AICPA’s position because the SEC’s position opens the door to massive financial statement manipulations.
If these matters remain outstanding and the SEC continues its course of action against ARMT, we have no choice but to do the following or any combination thereof to protect our interests:
● File a complaint in Federal Court against the SEC and Andrew Lentz for numerous allegations involving damages of more than $1,000,000,000.
● Immediately tokenize ARMT so that the company is no longer regulated by the SEC because the company will no longer have equity positions.
● File our complaint against Andrew Lentz for consideration to the US Attorney’s office in Pennsylvania.
We sincerely hope this clarifies our inability to meet our regulatory filing requirements, several of which are directly a consequence of SEC negligence.
Very Truly,
/s/ Phillip M. Hicks.
Phillip M. (“Marty”) Hicks, Co-CEO, CFO
Cc: Resnick & Louis
Ameri Metro, Inc. | 2575 Eastern Blvd, Suite 102, York PA 17402 | Ameri-Metro.com
ITEMS 9, 9A and 9C
SEE NOTE 1
PART III
ITEMS 10, 11, 12, 13 and 14
SEE NOTE 1
PART IV
ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
EXHIBITS
3.1
Articles of Incorporation (filed with the Form 10 November 9, 2011)
3.2
Amended by-laws (filed as part of the Form 8-K/A filed January 18, 2013)
3.3
Cert. of Amendment Cert. of Incorporation of Ameri Metro
5.1
Opinion of Counsel on legality of securities being registered*
10.1
Master Indenture Agreement of Alabama Toll Facilities, Inc. (filed with the Form 8-K January 18, 2013)
10.2
Master Indenture Agreement of Hi Speed Rail Facilities, Inc. (filed with the Form 8-K January 18, 2013)
10.3
Master Indenture Agreement of Hi Speed Rail Facilities Provider, Inc. (filed with the Form 8-K January 18, 2013)
10.4
TEMS engagement (filed as part of the Form 8-K/A filed January 18, 2013)
10.5
Alabama Indenture Agreement (filed as part of the Form 8-K/A filed January 18, 2013)
10.6
High Speed Rail Indenture Agreement (filed as part of the Form 8-K/A filed January 18, 2013)
10.7
Damar Agreement (filed as part of the Form 8-K/A filed January 18, 2013)
10.8
Agreement For Construction (filed as part of the Form 10-K/A filed November 6, 2019)
10.9
Assignment Agreement For Construction (filed as part of the Form 10-K/A filed November 6, 2019)
10.10
Payment Agreement to Penndel Land Co (filed as part of the Form 10-K/A filed November 6, 2019)
10.11
Ameri Metro Inc. / HSR Tech Inc. Licensing of Intellectual Property Agreement (filed as part of the Form 10-K/A filed November 6, 2019)
10.12
HSR Tech LOI Tech Use Agreement (filed as part of the Form 10-K/A filed November 6, 2019)
10.13
Opportunity License Agreement Entities (filed as part of the Form 10-K/A filed November 6, 2019)
10.14
Master Agreement for Construction Nonprofits (filed as part of the Form 10-K/A filed November 6, 2019)
10.15
Master Agreement for Construction Entities (filed as part of the Form 10-K/A filed November 6, 2019)
10.16
Consulting Agreement HSRFP Inc. (filed as part of the Form 10-K/A filed November 6, 2019)
10.17
Consulting Agreement HSRF Inc. (filed as part of the Form 10-K/A filed November 6, 2019)
10.18
Company Founder Emp. Agreement(filed as part of the Form 10-K/A filed November 6, 2019)
10.19
Directorship Agreement (filed as part of the Form 10-K/A filed November 6, 2019)
10.20
Letter of Intent for Port Trajan property (filed with the Registration Statement on Form S-1 filed June 13, 2013)
10.21
Port De Ostia Inc. Agreement GTI (filed as part of the Form 10-K/A filed November 6, 2019)
10.22
C-Bar Marshall Rebar Agreement (filed as part of the Form 10-K/A filed November 6, 2019)
10.23
Ameri Metro & Jewell LOI (filed as part of the Form 10-K/A filed November 6, 2019)
10.24
Master Consulting Agreement (filed as part of the Form 10-K/A filed November 6, 2019)
10.25
Master Trustee Agreement (filed as part of the Form 10-K/A filed November 6, 2019)
10.26
Executive Incentive Compensation Program (filed as part of the Form 10-K/A filed November 6, 2019)
10.27
Establishing the Compensation Committee (filed as part of the Form 10-K/A filed November 6, 2019)
10.28
Amendment to Payment Agreement Penndel Land Co. (filed as part of the Form 10-K/A filed November 6, 2019)
10.29
Amendment to HSR Technologies Inc. Payment Agreement (filed as part of the Form 10-K/A filed November 6, 2019)
10.30
Amendment to Damar TruckDeck LLC Payment Agreement (filed as part of the Form 10-K/A filed November 6, 2019)
10.31
TEMS consent form letter (filed as part of the Form 10-K/A filed November 6, 2019)
23.1
Consent of Counsel (included in Exhibit 5.1)*
31.1
CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002*
31.2
CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002*
32.1
CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002*
32.2
CERTIFICATION OF PRINCIPAL ACCOUNTING AND FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002*
99.1
ProAdvisor Valuation report, dated November 1, 2016 (filed as Exhibit 99.1 to the registration statement on Form S-1, filed on November 23, 2016, and incorporated herein by reference)
99.2
ProAdvisor consent letter (filed as Exhibit 99.2 to the registration statement on Form S-1, filed on November 23, 2016)
99.3
June 12, 2012 Agreement and Plan of Reorganization (filed as part of the Form 8-K/A filed January 18, 2013)
99.4
Alabama Legislative Act 506 (filed as part of the Form 8-K/A filed January 18, 2013)
99.5
Form of subscription agreement for sale of the shares (filed with the Registration Statement on Form S-1 filed June 13, 2013)
99.6
Intended use of Master Trust Indentures (filed as part of the Form 10-K/A filed November 6, 2019)
99.7
Florida Alabama TPO Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.8
Alabama Toll Road Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.9
Appalachian Region Commission Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.10
Atlantic Energy & Utilities Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.11
High Speed Rail Projects Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.12
Port Freeport & Brazoria Fort Bend Rail District Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.13
High Speed Rail & Ancillary Projects Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.14
Port of Ostia Inc. @ KSJM International Airport Inc. Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.15
Portus De Jewel Mexico Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.16
KSJM International Airport Inc. Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.17
HSR Freight Line Inc. / Phila. Port Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.18
HSR Freight Line Inc. Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.19
HSR Passenger Services Inc. Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.20
HSR Technologies Inc. Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.21
Malibu Homes Inc. Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.22
Platinum Media Inc. Bond Indenture (filed as part of the Form 10-Q filed December 30, 2019)
99.23
Port De Claudius Inc. & Port Trajan of Pa. Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.24
Panama Canal - Alabama Port Partnership (filed as part of the Form 10-K/A filed November 6, 2019)
99.25
Lord Chauffeurs Inc. - Business Jet Center @ KSJM Airport Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.26
HSR Freight Line Inc. & HSR Passenger Services Coast to Coast Rail Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.27
New York - Washington Rail Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.28
Ann Charles International Cargo Airport Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.29
Texas International Trade Corridor Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.30
Virginia Crescent Line Rail Bond Indenture (filed as part of the Form 10-K/A filed November 6, 2019)
99.31
Shah Mathias transferred 102,600,000 Class B shares from his personal holdings, equally, to 20 related entities that Ameri Metro Inc. holds a 25% interest in 19 of the related entities and a 10% interest in one of the related entities. (filed with the Form 8-K September 17,2020)
99.32
Equity Incentive Plan, the plan was funded with class B shares. According to the plan schedule. (filed with the form 8-K September 17, 2020)
99.33
NorAsia Consulting & Advisory Valuation Report (filed with the form 8-K September 4, 2020)
99.34
Lord Chauffeurs, LTD Amendment to Opportunity License Agreement (filed with the form 8-K September 4, 2020)
99.35
Slater & West, Inc. Amendment to Opportunity License Agreement (filed with the form 8-K August 14, 2020)
99.36
Port of Ostia, Inc. Amendment to Opportunity License Agreement (filed with the form 8-K August 14, 2020)
99.37
Port de Claudius, Inc. Amendment to Opportunity License Agreement (filed with the form 8-K August 14, 2020)
99.38
Platinum Media, Inc. Amendment to Opportunity License Agreement (filed with the form 8-K August 14, 2020)
99.39
Penn Insurance Services LLC. Amendment to Opportunity License Agreement (filed with the form 8-K August 14, 2020)
99.40
Natural Resources LLC. Amendment to Opportunity License Agreement (filed with the form 8-K August 14, 2020)
99.41
Malibu Homes, Inc. Amendment to Opportunity License Agreement (filed with the form 8-K August 14, 2020)
99.42
KSJM International Airport, Inc. Amendment to Opportunity License Agreement (filed with the form 8-K August 14, 2020)
99.43
HSR Technologies, Inc. Amendment to Opportunity License Agreement (filed with the form 8-K August 14, 2020)
99.44
HSR Passenger Services, Inc. Amendment to Opportunity License Agreement (filed with the form 8-K August 14, 2020)
99.45
HSR Logistics, Inc. Amendment to Opportunity License Agreement (filed with the form 8-K August 14, 2020)
99.46
HSR Freight Line, Inc. Amendment to Opportunity License Agreement (filed with the form 8-K August 14, 2020)
99.47
Eastern Development & Design, Inc. Amendment to Opportunity License Agreement (filed with the form 8-K August 14, 2020)
99.48
Cape Horn Abstracting Amendment to Opportunity License Agreement (filed with the form 8-K August 14, 2020)
99.49
Atlantic Energy & Utility Products, Inc. Amendment to Opportunity License Agreement (filed with the form 8-K August 14, 2020)
99.50
Ann Charles International Airport, Inc. Amendment to Opportunity License Agreement (filed with the form 8-K August 14, 2020)
99.51
Ameri Cement Inc. Amendment to Opportunity License Agreement (filed with the form 8-K August 14, 2020)
99.52
Portus de Jewel Seaport & Inland Port project Amendment to Opportunity License Agreement (filed with the form 8-K August 12, 2020)
99.53
Susquehanna Mortgage Bankers Corp. 25% non-controlling interest in SMBC (filed with the form 8-K August 12, 2020)
99.54
HSR Technologies, Inc has acquired intellectual property from NP&G Innovations, Inc. (filed with the form 8-K July 30, 2020)
99.55
Platinum Media Inc. joint venture agreement with Resurrection Media PlatJV, LLC. (filed with the form 8-K July 30, 2020)
99.56
Platinum Media Inc. joint venture agreement with Best of Times Productions. (filed with the form 8-K July 30, 2020)
99.57
HSR Technologies, Inc. acquired DAMAR TruckDeck bed liner intellectual property. (filed with the form 8-K July 30, 2020)
99.58
HSR Technologies Inc. combat COVID 19 exclusive right to use FDA Approved ozone equipment. (filed with the form 8-K July 22, 2020)
99.59
HSR Logistics Inc. has acquired an easement. (filed with the form 8-K July 22, 2020)
99.60
Ann Charles International Airport Inc. acquired Air Cyprus Aviation Limited, (filed with the form 8-K July 20, 2020)
99.61
Norasia Valuation Report dated July 31, 2020*
101.INS
Inline XBRL Instance Document.
101.SCH
Inline XBRL Taxonomy Extension Schema Document.
101.CAL
Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF
Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB
Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE
Inline XBRL Taxonomy Extension Presentation Linkbase Document.
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
* Filed herewith
** To be filed