|
Consolidated Statements of Cash Flows (Unaudited) (USD $)
|
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2012
|
Mar. 31, 2011
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $ (95,890) | $ (86,718) |
| Changes in operating assets and liabilities: | ||
| Accounts payable and accrued expenses | 68,360 | 20,545 |
| Bank overdraft | 84 | |
| Due to related parties | 66,000 | |
| Net Cash Used by Operating Activities | (27,530) | (89) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Payments for loans receivable | (69,500) | |
| Net Cash Used by Investing Activities | (69,500) | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from notes payable | 50,000 | 69,500 |
| Net Cash Provided by Financing Activities | 50,000 | 69,500 |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 22,470 | (89) |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 564 | 89 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | 23,034 | 564 |
| SUPPLEMENTAL CASH FLOW INFORMATION | ||
| Interest | 717 | 58 |
| Income taxes | ||