EX-99.1 7 financials_ex99z1.htm FINANCIALS Financials




Ocean Energy, Inc.

( A Development Stage Company)

 

 

 

STATEMENT OF CASH  FLOWS

 

 

 

Inception

 

 

28-Nov-07

 

 

through

 

 

April 30,

 

 

2008

Operating Activities:

 

 

Net income (loss)

 $                                (21,500)

 

     Significant Non-Cash Transactions

 

 

          Stock issued for  founders services

                                       9,000 

 

 

 

 

Net cash provided by (used in) operating activities

                                   (12,500)

 

 

 

Investing Activities:

 

 

 

 

 

Cash (used) in investing activities

                                            - 

 

 

 

Financing Activities:

 

 

Proceeds from the sale of Stock

                                     32,000 

 

 

 

 

Net cash provided by (used in) financing activities

                                     32,000 

 

 

 

Net increase (decrease) in cash and cash equivalents

                                     19,500 

 

 

 

Cash and cash equivalents at beginning of the period

                                            - 

 

 

 

Cash and cash equivalents at end of the period

 $                                  19,500 

 

 

 

Supplemental Information:

 

Interest

 $                                             - 

Taxes

 $                                             - 

 

 

 

 

 

 

The accompanying notes are an integral part of these statements






Ocean Energy, Inc.

( A Development Stage Company)

 

 

 

 BALANCE SHEET

 

 

 

 

 

April 30, 2008

 

 

 

ASSETS

 

 

 

Current Assets

 

 

Cash

 $                         19,500 

 

 

 

Total Assets

 $                         19,500 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' EQUITY (Deficit)

 

 

 

Current liabilities

 

 

Accounts payable

 $                                  - 

 

 

 

 

Total Liabilities

                                  - 

 

 

 

Stockholders' Equity (Deficit)

 

 

 

 

 

Common Stock, authorized 75,000,000

 

 

 shares, $0.001 par value,   

 

 

12,200,000 shares issued and Outstanding

 $                                  12,200 

 

    Add'l Paid in Capital

 $                                  28,800 

 

 

 

 

 

 

Deficit Accumulated During

 

     Development Stage

(21,500)

 

 

 

Total Stockholders' Equity (Deficit)

7,300 

 

 

 

Total liabilities and stockholders' equity (Deficit)

 $                          7,300 

 

 

 

 

 

 

The accompanying notes are an integral part of these statements






Ocean Energy, Inc.

( A Development Stage Company)

 

 

 

STATEMENT OF OPERATIONS

 

 

 

Inception

 

 

28-Nov-07

 

 

through

 

 

April 30,

 

 

2008

 

 

 

Revenue:

 

 

Revenue

 $                                       - 

 

 

 

 

Total Revenue

                                       - 

 

 

 

Expenses:

 

 

General and Administrative

                                  9,000 

 

Consulting, Legal and Accounting

                                 12,500 

 

 

 

 

Total expenses

                                 21,500 

 

 

 

 

 

 

 

Loss before income taxes

                                 21,500 

 

 

 

Provision for income taxes

                                       - 

 

 

 

 

Net loss

 $                              21,500 

 

 

 

 

 

 

Basic and Diluted Earnings (Loss) per Share

 $                                0.001 

 

 

 

Weighted Average Number of Common Shares

                          11,662,108 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of these statements






 Ocean Energy, Inc.

( A Development Stage Company)

 

 

 

 

 

 

 

 

 

 

 

STATEMENT OF STOCKHOLDERS' EQUITY

(From November 28, 2007 (Inception) through April 30, 2008)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Additional

 

 

 

 

 

 

Common Stock

 

 Paid in

 

Accumulated

 

 Total

 

 

Shares

 

Amount

 

 Capital

 

Deficit

 

 Equity

 

 

 

 

 

 

 

 

 

 

 

Common Shares issued to Founders at $0.001 per Share on Jan 15th, 2008

 

       9,000,000 

 

$        9,000 

 

 $                 - 

 

 $               - 

 

 $9,000 

Common Stock issued for cash at $0.01 per share in 15th of April, 2008

 

       3,200,000 

 

              3,200 

 

                28,800 

 

 

 

    32,000 

 

 

 

 

 

 

 

 

 

 

 

Net (Loss) for period

 

 

 

 

 

 

 

             (21,500)

 

   (21,500)

 

 

 

 

 

 

 

 

 

 

 

Balance, April 30, 2008

 

     12,200,000 

 

 $      12,200 

 

 $        28,800 

 

 $      (21,500)

 

 $19,500 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of these statements