GEO POINT RESOURCES, INC. STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
|
6 Months Ended |
Sep. 30, 2017 |
Sep. 30, 2016 |
| Cash Flows from Operating Activities: |
|
|
| Net loss |
$ (83,723)
|
$ (79,248)
|
| Adjustments to reconcile net loss to net cash from operating activities: |
|
|
| Depreciation |
7,724
|
500
|
| Common stock issued for services |
14,455
|
0
|
| Gain on extinguishment of liabilities |
(16,070)
|
0
|
| Prepaid expenses and other current assets |
0
|
(513)
|
| Accounts payable and accrued liabilities |
15,120
|
44,449
|
| Net Cash Used in Operating Activities |
(62,494)
|
(34,812)
|
| Cash Flows from Investing Activities: |
|
|
| Purchase of property and equipment |
0
|
(63,880)
|
| Net Cash Used in Investing Activities |
0
|
(63,880)
|
| Cash Flows from Financing Activities: |
|
|
| Proceeds from note payable |
0
|
40,000
|
| Net change on line of credit |
34,639
|
30,600
|
| Cash Flows Provided by Financing Activities |
34,639
|
70,600
|
| Net Change in Cash |
(27,855)
|
(28,092)
|
| Cash at Beginning of Year |
39,299
|
32,366
|
| Cash at End of Year |
11,444
|
4,274
|
| Supplement Disclosure of Cash Flow Information: |
|
|
| Cash paid for interest |
0
|
0
|
| Cash paid for income taxes |
0
|
0
|
| Non-Cash Investing and Financing Activities: |
|
|
| Settlement of line of credit and accrued interest with common stock |
500,000
|
0
|
| Settlement of accounts payable with common stock |
$ 21,852
|
$ 0
|