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Innovative Product Opportunities Inc. (A Development Stage Enterprise) STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
6 Months Ended 27 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Cash flows from operating activities      
Net income (loss) $ (66,207) $ 161,250 $ (175,094)
Adjustments to reconcile net loss to cash used in operating activities      
Shares issued to founder 0 0 2,000
Stock issued for services 5,000 110,000 115,000
Settlement of accounts receivable in shares of common stock of Metro One Development, Inc. 0 (21,000) 0
Gain on settlement of accounts receivable 0 336,000 336,000
Change in operating assets and liabilities      
Decrease in accounts receivable 21,000 0 0
Increase in accounts payable and accrued liabilities (47) 0 413
Increase in income tax payable 0 85,750 0
Net cash used in operating activities (40,254) 0 (57,681)
Cash flow from financing activities      
Advances by related party 48,688 0 276,890
Repayment to related party (20,000) 0 (215,000)
Net cash provided by financing activities 28,688 0 (61,890)
Net change in cash (11,566) 0 4,209
Cash, beginning of the period 15,775 0 0
Cash, end of the period 4,209 0 4,209
Supplemental disclosure of non-cash investing and financing activities      
Conversion of due to related party for common stock $ 30,000 $ 0 $ 30,000