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Related Party Disclosures
|
3 Months Ended |
---|---|
May 31, 2012
|
|
Related Party Disclosures | |
Related Party Transactions Disclosure | NOTE 5 - RELATED PARTY TRANSACTIONS
From January 1, 2007 to present the Company paid its sole officer and director, Ezra E. Ezra, $100 per month for use of office space and services. As of May 31, 2012 there was an account payable related party of $2,700 reflecting unpaid rent of $900 for the last nine months and $1,200 and $600 from fiscal years 2011 and 2010 respectively.
As of May 31, 2012, there was a loan payable due to Ezra E. Ezra for $31,965, which is non interest bearing with no specific repayment terms.
|
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Equity
|
3 Months Ended |
---|---|
May 31, 2012
|
|
Equity | |
Stockholders' Equity Note Disclosure | NOTE 4 - BASIC EARNINGS PER SHARE
ASC No. 260, Earnings Per Share, specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. The Company has adopted the provisions of ASC No. 260.
Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company.
|
SOPAC CELLULAR SOLUTIONS INC.- (A Development Stage Company) - Balance Sheet (USD $)
|
May 31, 2012
|
Aug. 31, 2011
|
||||
---|---|---|---|---|---|---|
Current Assets | ||||||
Cash | $ 267 | $ 1,637 | ||||
Total Current Assets | 267 | 1,637 | ||||
Total Assets | 267 | 1,637 | ||||
Current Liabilities | ||||||
Accounts Payable | 80 | 1,160 | ||||
Accounts Payable - Related Party | 2,700 | 1,800 | ||||
Loan Payable - Related Party | 31,965 | 22,978 | ||||
Total Current Liabilities | 34,745 | 25,938 | ||||
Total Liabilities | 34,745 | 25,938 | ||||
Stockholders Equity | ||||||
Common Stock | 1,700 | [1] | 1,700 | [1] | ||
Additional Paid-in Capital | 38,300 | 38,300 | ||||
Deficit accumulated during development stage | (74,478) | (64,301) | ||||
Total Stockholders Equity | (34,478) | (24,301) | ||||
Total Liabilities and Stockholders Equity | $ 267 | $ 1,637 | ||||
|
Development Stage Enterprises
|
3 Months Ended |
---|---|
May 31, 2012
|
|
Development Stage Enterprises {1} | |
Development Stage Enterprise General Disclosures | NOTE 2 - GOING CONCERN
The Company's financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.
In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.
The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. |
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Accounting Policies
|
3 Months Ended |
---|---|
May 31, 2012
|
|
Accounting Policies | |
Significant Accounting Policies | NOTE 3 - RECENT ACCOUNTING PRONOUNCEMENTS
The company has evaluated the recent accounting pronouncements issued through the issuance of these financial statements, and the Company does not expect that the effectiveness of any of these changes will have a material impact on the Companys financial position, or statements. |
SOPAC CELLULAR SOLUTIONS INC.- (A Development Stage Company) - Statement of Operations (USD $)
|
3 Months Ended | 9 Months Ended | 71 Months Ended | ||
---|---|---|---|---|---|
May 31, 2012
|
May 31, 2011
|
May 31, 2012
|
May 31, 2011
|
May 31, 2012
|
|
Revenues | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
Total Revenues | 0 | 0 | 0 | 0 | 0 |
Professional Fees | 1,500 | 1,500 | 6,500 | 6,500 | 43,750 |
General and Administrative Expenses | 1,007 | 368 | 2,777 | 1,814 | 24,228 |
General and Administrative Expenses - Related Party | 300 | 300 | 900 | 900 | 6,500 |
Total Operating Expenses | 2,807 | 2,168 | 10,177 | 9,214 | 74,478 |
Provision for Income Taxes | 0 | 0 | 0 | 0 | 0 |
Net Income (Loss) | $ (2,807) | $ (2,168) | $ (10,177) | $ (9,214) | $ (74,478) |
Basic earnings (loss) per share | $ 0 | $ 0 | $ (0.01) | $ (0.01) | |
Weighted average number of common shares outstanding | 1,700,000 | 1,700,000 | 1,700,000 | 1,700,000 |
Document and Entity Information (USD $)
|
3 Months Ended |
---|---|
May 31, 2012
|
|
Document and Entity Information | |
Entity Registrant Name | SOPAC CELLULAR SOLUTIONS INC. |
Document Type | 10-Q |
Document Period End Date | May 31, 2012 |
Amendment Flag | false |
Entity Central Index Key | 0001373444 |
Current Fiscal Year End Date | --08-31 |
Entity Filer Category | Smaller Reporting Company |
Entity Current Reporting Status | Yes |
Entity Voluntary Filers | No |
Entity Well-known Seasoned Issuer | No |
Document Fiscal Year Focus | 2012 |
Document Fiscal Period Focus | Q3 |
Entity Common Stock, Shares Outstanding | 1,700,000 |
Entity Public Float | $ 0 |
Organization, Consolidation and Presentation of Financial Statements
|
3 Months Ended |
---|---|
May 31, 2012
|
|
Organization, Consolidation and Presentation of Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure | NOTE 1 - CONDENSED FINANCIAL STATEMENTS
The accompanying financial statements have been prepared by SOPAC Solutions Inc. (the Company) without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at May 31, 2012, and for all periods presented herein, have been made.
Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's August 31, 2011 audited financial statements. The results of operations for the period ended May 31, 2012 is not necessarily indicative of the operating results for the full year.
|
Subsequent Events
|
3 Months Ended |
---|---|
May 31, 2012
|
|
Subsequent Events | |
Subsequent Events | NOTE 6 - SUBSEQUENT EVENTS
The Company has evaluated subsequent events from the balance sheet date through the issuance of these financial statements and determined there are no items to disclose.
|