Here To Serve Holding Corp. Announces Quarterly Earnings
Here to Serve Holding Corp. (OTC PINK: HTSC) (the "Company") announced net income of $3,532,127, or $0.06 per basic share and $0.03 per diluted share, for the three months ended March 31, 2021, as compared to net income of $254,538, or $0.01 per basic share and $0.00 per diluted share for the three months ended March 31, 2020.
The Company continues to excel in its acquisition of undervalued assets. The market value of its investments as of March 31, 2021 was $4,737,150, an increase of $4,252,075 since its fiscal year-end value of $485,075 as of September 30, 2020. The Company also owns 177 mineral claims in the Timmins mining camp in Ontario, Canada, that typically hosts world-class nickel sulfide deposits. The value of these assets are recorded at their historical cost of $364,347, but activity in the Timmons region suggests a significantly higher market value.
The company reported total liabilities of $163,601 and shareholders' equity of $4,996,212 at the end of the March 31, 2021 quarter.
The Company's quarterly report has been uploaded to OTC Markets. Please refer to the filings and disclosures for second quarter results for fiscal year 2021.