XML 24 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
3 Months Ended 60 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (203,603) $ (8,481) $ (503,266)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 9,764 407 18,847
Impairment of long-lived assets 0 0 919
Shares issued for services 0 0 25,000
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (57,158) 0 (59,210)
Accounts payable and accrued expenses 25,020 2,556 27,176
Net cash used in operating activities (225,977) (5,518) (490,534)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment 0 0 (4,902)
Net cash used in investing activities 0 0 (4,902)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Shares issued for cash 1,000,000 0 1,286,800
Advances due from related parties 0 5,500 58,433
Net cash provided by financing activities 1,000,000 5,500 1,345,233
Effect of exchange rate changes on cash (302) 0 (302)
Net increase (decrease) in cash 773,721 (18) 849,495
Cash at beginning of period 75,774 44 0
Cash at end of period 849,495 26 849,495
Cash paid for:      
Income tax 0 0 0
Interest 0 0 0
NONCASH INVESTING AND FINANCING ACTIVITIES:      
Forgiveness of related party debt 0 0 6,250
Shares issued for asset acquisition 0 0 236,314
Shares issued for accounts payable 0 0 52,183
Cancellation of common stock $ 0 $ 0 $ 72,358