XML 26 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
11 Months Ended 12 Months Ended 23 Months Ended
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2013
Cash flows from operating activities      
Net loss $ (395,408) $ (1,618,348) $ (2,013,756)
Adjustments to reconcile net loss to net cash used in operating activities:      
Founder shares issued for services 10,000    10,000
Common and preferred shares issued for services 90,291 492,150 582,441
Contributed rent and services    295,962 295,962
Amortization of premium on stock settled debt    213,000 213,000
Amortization of beneficial conversion feature discount from convertible debt    39,706 39,706
Shares issued for accrued interest    4,215 4,215
Loss on settlement of inventory    247 247
Changes in operating assets and liabilities:      
Accounts payable 37,528 107,853 145,381
Accrued expenses 36,904 20,698 57,602
Accrued interest - debenture payable    3,769 3,769
Accrued interest - related party    51,537 51,537
Net cash used in operating activities (220,685) (389,211) (609,896)
Cash flows from investing activities      
Vacant land deposit    (250,000) (250,000)
Acquisition of cash in recapitalization   172 172
Net cash used in investing activities    (249,828) (249,828)
Cash flows from financing activities      
Bank overdraft 656 (656)   
Proceed from short-term payable    160,000 160,000
Proceed from convertible debentures    388,000 388,000
Proceed from line of credit - related party 220,029 39,971 260,000
Proceed from sales of common stock for cash    20,000 20,000
Proceed from capital contributions    40,200 40,200
Net cash provided by financing activities 220,685 647,515 868,200
Net increase in cash and cash equivalent         
Beginning of period         
Cash end of period    8,476 8,476
Supplemental disclosure of cash flow information      
Cash paid during the period for interest         
Income taxes paid         
Supplemental disclosure of non-cash investing and financing activities:      
Transfer of line of credit balance to equity    10,000 10,000
Conversion of debt to equity    280,000 280,000
Beneficial conversion feature on conversion of debt    75,000 75,000
Recapitalization    $ 4,814 $ 4,814