|
CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
|
3 Months Ended |
46 Months Ended |
|
Mar. 31, 2012
|
Mar. 31, 2011
|
Mar. 31, 2012
|
| Cash Flows From Operating Activities |
|
|
|
| Net Income (Loss) |
$ (4,250) |
$ (6,205) |
$ (667,985) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: |
|
|
|
| Gain on forgiveness of debt. |
0 |
0 |
(27,768) |
| Shares issued for services |
0 |
0 |
10,000 |
| Corporate expenses paid by shareholders |
4,250 |
8,944 |
29,876 |
| Warrants issued for payment of services |
0 |
0 |
10,900 |
| Changes in operating assets and liabilities: |
|
|
|
| accounts payable and accrued expenses. |
0 |
(2,739) |
83,768 |
| accounts payable related party. |
0 |
0 |
90,427 |
| interest payable related party. |
0 |
0 |
2,699 |
| Net Cash (Used) in Operating Activities |
0 |
0 |
(468,083) |
| Cash Flows From Financing Activities |
|
|
|
| Proceeds from sale of common stock, net of offering costs |
0 |
0 |
336,000 |
| Proceeds from donated capital |
0 |
0 |
121,994 |
| Proceeds from notes payable |
0 |
0 |
65,000 |
| Payments to notes payable |
0 |
0 |
(55,000) |
| Proceeds from notes payable related party |
0 |
0 |
29,340 |
| Payments to notes payable related party |
0 |
0 |
(29,251) |
| Net Cash Provided by Financing Activities |
0 |
0 |
468,083 |
| Net Change In Cash |
0 |
0 |
0 |
| Beginning Cash Balance |
0 |
0 |
0 |
| Ending Cash Balance |
0 |
0 |
0 |
| Supplemental Disclosure of Cash Flow Information: |
|
|
|
| Cash paid during the year for interest |
0 |
0 |
0 |
| Cash paid during the year for income taxes |
0 |
0 |
0 |
| Non Cash Activities |
|
|
|
| Conversion of debt to equity |
0 |
0 |
26,681 |
| Forgiveness of debt by principal owner credited to additional paid in capital |
0 |
0 |
93,215 |
| Subscription Receivable from parent company |
$ 0 |
$ 0 |
$ 50,000 |