|
Statements of Cash Flows - Quarterly (USD $)
|
3 Months Ended |
11 Months Ended |
|
Mar. 31, 2014
|
Mar. 31, 2014
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| CASH AT BEGINNING OF PERIOD |
|
|
|
Quarterly Member
|
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net (loss) |
(682,465) |
(1,601,589) |
| Adjustments to reconcile net (loss ) to net cash (used in) operating activities: |
|
|
| Amortization of discounts on debentures payable |
1,263 |
1,263 |
| Depreciation |
233 |
461 |
| Preferred stock issued for services |
|
24,998 |
| Common stock issued for services |
|
195,412 |
| Options issued for services |
|
612,387 |
| Warrants issued for services |
555,598 |
555,598 |
| Changes in operating assets and liabilities |
|
|
| Prepaid expense |
(400) |
(1,200) |
| Accounts Payable |
5,046 |
5,046 |
| Accrued payroll tax |
(1,846) |
(1,846) |
| Net Cash (Used in) Operating Activities |
(122,571) |
(207,624) |
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Payments for equipment |
(6,231) |
(7,753) |
| Net Cash (Used in) Investing Activities |
(6,231) |
(7,753) |
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
| Issuance of convertible Debentures for cash |
181,500 |
181,500 |
| Issuance of common stock for cash |
193,700 |
193,700 |
| Issuance of preferred stock for cash |
|
150,000 |
| Proceeds from short term borrowing-related party |
|
17,053 |
| Net Cash Provided by Financing Activities |
375,200 |
542,253 |
| CASH AT BEGINNING OF PERIOD |
80,479 |
|
| CASH AT END OF YEAR |
326,876 |
326,876 |
| NON-CASH FINANCING ACTIVITIES |
|
|
| Repayment of short term borrowing - related party through issuance of preferred stock |
|
$ 17,053 |