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HART & TRINEN, LLP
ATTORNEYS AT LAW
1624 Washington Street
Denver, CO 80203
William T. Hart, P.C. ________ Email: harttrinen@aol.com
Donald T. Trinen Facsimile: (303) 839-5414
(303) 839-0061
September 18, 2009
Craig H. Arakawa
Securities and Exchange Commission
Division of Corporation Finance
100 F Street, NE
Washington, DC 20549-4628
Re: Holloman Energy Corporation (File No. 000-52419)
Form 10-K filed April 15, 2009
Form 10-Q filed May 15, 2009
Attached is the roll-forward and reconciliation requested by Comment 7 to
the Staff's letter dated July 31, 2009. The roll-forward and reconciliation was
omitted from our September 16, 2009 letter in error.
If you should have any questions concerning the foregoing, please do not
hesitate to contact the undersigned.
Very Truly Yours,
HART & TRINEN, L.L.P.
William T. Hart
HOLLOMAN ENERGY CORPORATION
Roll-Forward of Assets & Liabilities
Endeavor Canada Corporation ("ECC")
August 9, ECC ECC
2007 Form Acquisition ECC Year Divestiture
8-K Date End Date
--------- --------- -------- ---------
December Net August 3, Net December Net REF February REF
31, 2006 Change REF 2007 Change REF 31, 2007 Change 15, 2008
------------------------------------------------------------------------------------------------
ASSETS
Current
Cash 198,761 (208,344) (A) (9,583) 9,583 - - -
Accounts receivable 197,232 (179,279) (A) 17,953 (3,614) 14,339 - 14,339
Goods and services tax receivable 36,681 12,782 49,463 13,914 63,377 - 63,377
Prepaid expenses and deposits 4,291 709 5,000 44 5,044 - 5,044
Receivable from shareholder 23,593 (23,593) - - - - -
---------- ---------- ---------- ---------- ---------- ---------- ----------
460,558 (397,725) 62,833 19,927 82,760 - 82,760
Property and Equipment, Net 1,955 23,388 25,343 (11,324) 14,019 (1,235) 12,784
Oil and Gas Properties, Net 486,528 55,956 542,484 32,059 574,543 (4,767) 569,776
Refundable Deposit 51,074 60,572 111,646 3,501 115,147 - 115,147
---------- ---------- ---------- ---------- ---------- ---------- ----------
539,557 139,916 679,473 24,236 703,709 (6,002) 697,707
---------- ---------- ---------- ---------- ---------- ---------- ----------
TOTAL ASSETS 1,000,115 (257,808) 742,307 44,163 786,469 (6,002) 780,467 (D)
========== ========== ========== ========== ========== ========== ==========
LIABILITIES
Current
Accounts payables and accruals 343,527 346,648 (A) 690,175 (75,097) 615,078 60,508 675,586
Term Loans 492,907 108,500 (B) 601,407 (63,842) 537,565 (37,126) 500,439
Convertible debentures 1,556,925 (56,925) 1,500,000 (1,500,000) (C) - - -
Intercompany payables - 45,541 45,541 1,741,510) (C) 1,787,051 25,637 1,812,688 (D)
Due to related parties - 340,461 (B) 340,461 11,043 351,504 - 351,504
---------- ---------- ---------- ---------- ---------- ---------- ----------
2,393,359 784,225 3,177,584 113,614 3,291,198 49,019 3,340,217
Asset Retirement Obligation 55,175 (1,533) 53,642 7,050 60,692 806 61,498
---------- ---------- ---------- ---------- ---------- ---------- ----------
TOTAL LIABILITIES 2,448,534 782,691 3,231,225 120,664 3,351,890 49,825 3,401,714 (D)
STOCKHOLDERS DEFICIT
Capital Stock 1 - 1 0 1 (0) 1
Additional Paid In Capital - 38,468 38,468 338 38,805 0 38,805
Other Comprehensive Income 13,987 - 13,987 (44,867) (30,880) (385) (31,265) (D)
Deficit (1,462,407)(1,078,967) (A) (2,541,374) (31,972) (2,573,347) (55,441) (2,628,788)
---------- ---------- ---------- ---------- ---------- ---------- ----------
(1,448,419)(1,040,500) (2,488,919) (76,501) (2,565,420) (55,827) (2,621,247)
---------- ---------- ---------- ---------- ---------- ---------- ----------
TOTAL LIABILITES AND
STOCKHOLDERS DEFICIT 1,000,115 (257,808) 742,307 44,163 786,469 (6,002) 780,467
========== ========== ========== ========== ========== ========== ==========
MATERIAL TRANSACTION CRITERIA 10.00% ASSETS: 100,012 74,231 78,647
========== ========== ==========
- -------------------------------------
Explanation of Material
Roll-Forward Activity:
- -------------------------------------
(A) Decreases in cash and accounts receivable together with increases in
accounts payable and accrued liabilities reflect the balance sheet effects
associated with the generation and funding of approximately $1 million in
operating losses during the 8 month period from January 1, 2007 to August
3, 2007.
(B) The increase in term loans and advances from related parties results from
Company financings required to support operating activities. Together with
the use of internally generated cash and vendor credit, these financings
funded approximately $1 million in operating losses during the 8 month
period from January 1, 2007 to August 3, 2007.
(C) Following the acquisition of Endeavor Canada, Holloman energy Corporation
paid $1,640,000 in principal and accrued interest to Endeavor Canada's note
holders with 1,093,155 shares of its restricted common stock.
(D) The referenced items reconcile directly to Note 3 on Page F-10 of Holloman
eneregy Corporation's Form 10-K for the year ended December 31, 2008.