Free Flow USA Inc. is a publicly traded trading company primarily involved in scrap metal trading and auto parts resale, with limited current operations and a focus on restructuring assets and liquidity.

# Company Summary: Free Flow USA Inc.

## Business Overview
- **Founded:** October 28, 2011, as Free Flow, Inc. in Delaware
- **Core Focus:** Transitioned from green energy and pharmaceutical sectors to trading and auto parts businesses
- **Current Business Activities:**
  - Trading activities including scrap metal trading and processing through subsidiaries
  - Auto parts sales (used auto parts recycling and resale)
  - No current manufacturing or proprietary technology operations
  - Attempted ventures in solar energy systems and agricultural equipment sales, but these did not materialize

## Operations & Assets
- **Employees:** 3 full-time employees as of December 31, 2024
- **Properties:** No owned properties; operates from rent-free premises provided by the Chairman
- **Key subsidiary:**
  - **Motors & Metals, Inc.** (formerly JK Sales Corp., renamed in 2016): engaged in scrap metal trading, but no transactions yet
  - **Accurate Auto Parts, Inc.:** operated a recycling facility in Virginia (sold in March 2024)
- **Assets:** Primarily scrap metal inventories and auto parts; property assets sold or not owned currently

## Financial Summary (Years Ended December 31, 2024 & 2023)
- **Revenue:** 
  - 2024: **$9,148** (small revenue from trading or auto parts activity)
  - 2023: **$4,032**
- **Net Income:** 
  - 2024: **$644,208** (mainly from sale of assets)
  - 2023: **Loss of $232,156**
- **Expenses:** 
  - 2024: **$558,300** (legal expenses related to asset sales and wind-up of auto parts business)
  - 2023: **$253,919**

## Capital & Stock
- **Shares Outstanding:** 30,000,000 common shares as of March 23, 2025
- **Ownership:** 
  - Sabir Saleem (CEO, President, Director) holds a significant stake with 9,088,100 common shares (~30%) and all preferred shares he beneficially owns
  - Shareholders include the St. Gabriel Foundation with approximately 24.29%
- **Capital Structure:** 
  - 100 million common shares authorized
  - Multiple classes of preferred stock, with Series A carrying voting rights of 10,000 votes per share

## Strategic & Financial Challenges
- No current significant revenue-generating operations
- Ongoing efforts to acquire operating businesses or new ventures
- Significant risks due to limited revenue, dependence on future fundraising, and history of losses
- No current backlog or confirmed orders
- No current property holdings or intellectual property assets
- Financial position includes small cash reserves (~$91,349 as of December 31, 2024) and liabilities primarily from long-term debts and payables

## Additional Information
- Company is publicly traded on OTC Pink (symbol: FFLO)
- No off-balance sheet arrangements
- No current legal proceedings
- Limited compliance programs, with some weaknesses in internal controls reported
- No planned dividends; reinvests available resources into operations and expansion

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**Note:** The company is primarily involved in trading activities, especially scrap metal and auto parts, with a focus on asset liquidation and restructuring. It has very limited current operations and is in a development or restructuring phase.

Free Flow Inc. is transitioning from a focus on used auto parts to scrap metal processing, seeking to improve financial performance amid significant revenue decline.

## Overview of Free Flow Inc.

### Business Description
Free Flow Inc. was incorporated on October 28, 2011, under the laws of Delaware with a vision to enter the green energy industry. Initially focused on developing solar energy solutions, the company's direction shifted over the years, particularly towards the sale of used auto parts and scrap metal processing.

### Current Operations
1. **Used Auto Parts Division**:
   - **Business Model**: The company operates a facility in King George, Virginia, where it receives wrecked and end-of-life vehicles, disassembles them, and sells the salvaged parts primarily through an online platform.
   - **Transformation**: Due to market pressures and rising operational costs, Free Flow decided to liquidate its auto parts inventory. By January 2022, it began transitioning its business focus to the sale of scrap metal.
   - **Customer Base**: While the exact number of direct customers is not disclosed, Free Flow’s primary customers include auto body and mechanic shops.

2. **Scrap Metal Processing Division**:
   - **Strategy**: The company is in the process of expanding its scrap metal processing capabilities. It aims to handle larger quantities to meet export demands, with existing supply orders valued at approximately $14 million.
   - **Growth Potential**: Management forecasts that the scrap metal processing could generate between $10 to $12 million in gross sales annually.

### Financial Performance
- **Revenue**: 
  - For the year ended December 31, 2023, Free Flow reported revenues totaling **$4,032**, a significant decline of approximately **98%** from revenues of **$195,137** in 2022.
  
- **Expenses**:
  - Operational expenses for 2023 were **$253,919**, including depreciation of **$42,503**. This represents a decrease from **$341,971** in the previous year, mainly attributed to reduced administrative costs.

- **Net Income/Loss**:
  - The company incurred a net loss of **$232,156** in 2023 compared to a net loss of **$2,761,313** in 2022.

### Employment
- **Employee Count**: As of December 31, 2023, Free Flow employed **three full-time employees**. The CEO works full-time while the director is part-time.

### Summary of Assets
- **Real Estate**: The company held a property, with book value reported at **$772,413**. The appraised market value is over **$1,400,000**.

### Conclusion
Free Flow Inc. is currently evolving from its historical focus on used auto parts to emphasizing scrap metal processing due to challenging market conditions and declining revenues from its previous core business operations. The management's strategic shift aims to achieve better financial performance and capitalize on the market for scrap metal. Despite the recent operational losses, the company is optimistic about future revenue from its expanded operations.


Free Flow USA, Inc.

10-K / April 14, 2025

10-K / June 5, 2024

10-K / April 14, 2025

Company Summary: Free Flow USA Inc.

Business Overview

Operations & Assets

Financial Summary (Years Ended December 31, 2024 & 2023)

Capital & Stock

Strategic & Financial Challenges

Additional Information