XML 26 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
2 Months Ended 12 Months Ended 1 Months Ended 10 Months Ended
Mar. 31, 2011
Studio II Brands, Inc. (Successor)
Mar. 31, 2012
Studio II Brands, Inc. (Successor)
Mar. 31, 2010
Hippo Lace Limited (Predecessor)
Feb. 09, 2011
Hippo Lace Limited (Predecessor)
Net Income (Loss) From Continuing Operations $ (29,471) $ (131,758) $ 16,148 $ (1,204)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation 3,406 16,099 45 20,785
Changes in operating assets and liabilities:        
Increase/(Decrease) in account and other receivable 4,907 16,543 (5,417) (10,390)
Increase/(Decrease) in inventories (2,058) 2,679 2,597 2,604
Increase/(Decrease) in due from related parties   (185,999) (20,545) 17,832
Increase/(Decrease) in prepaid expenses     9,218  
Increase/(Decrease) in security deposits   (107)   (5,807)
Increase/(Decrease) in account payable and accrual expenses 24,317 49,570 15,405 (10,614)
Increase/(Decrease) in income tax payable (726) (2,160) 2,421 4,311
Increase/(Decrease) in due to related parties (1,057) (53,503) (22,005) (1,832)
Increase/(Decrease) in stockholders' loan       184,226
Increase/(Decrease) in payable to stockholder   302,533    
Cash (used in)/provided by operating activities-continuing operations (682) 13,897 (2,133) 199,911
Cash used in operating activities-discontinued operations   (5,136)    
Net Cash (Used In)/Provided by Operating Activities (682) 8,761 (2,133) 199,911
Cash Flows From Investing Activities        
Purchase of plant and machinery   (657)   (4,879)
Cash acquired in acquisition of subsidiary 14,088 7,724 (177,565)  
Net Cash Used In Investing Activities 14,088 7,067 (177,565) (4,879)
Cash Flows From Financing Activities        
(Repayment of)/proceeds from stockholder's loan 4,676 (13,861) 195,020 (196,266)
Cash received from issuance of common stock 5,863      
Net Cash Provided By Financing Activities 10,539 (13,861) 195,020 (196,266)
Net Increase (Decrease) in Cash 23,945 1,967 15,322 (1,234)
Initial Cash   23,945   15,322
Final Cash 23,945 25,912 15,322 14,088
Supplemental disclosures of cash flow information:        
Cash paid for income taxes   8,609    
Equity instruments (2,938,742 common stock of the Company)   191,022    
Cash acquired   (7,724)    
Consideration, net of cash acquired   183,278   177,565
Allocated to inventory   4,571   5,201
Allocated to due from related parties   103,128   10,272
Allocated to other receivable and prepaid expenses       9,651
Allocated to security deposit   63,848   40,960
Allocated to property and equipment   40,125   124,834
Allocated to accounts payable and accrued expenses   (74,941)   (15,096)
Allocated to due to related party   (15,297)   (30,817)
Allocated to stockholder's loan payable   (193,964)   (86,198)
Net tangible liabilities   (72,530)   58,807
Allocated to goodwill   $ 255,808   $ 118,758