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Innovative Product Opportunities Inc. (A Development Stage Enterprise) STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended30 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Cash flows from operating activities   
Net income (loss)$ (83,418)$ 29,057$ (192,305)
Adjustments to reconcile net loss to cash used in operating activities   
Shares issued to founder002,000
Stock issued for services5,000110,000115,000
Settlement of accounts receivable in shares of common stock of Metro One Development, Inc.021,0000
Gain on accounts receivable Settlement0336,0000
Other than temporary impairment loss on securities0(124,950)0
Change in operating assets and liabilities   
Decrease in accounts receivable21,00000
Increase in accounts payable and accrued liabilities1,34901,809
Increase in income tax payable081,8490
Net cash used in operating activities(56,069)(11,144)(73,496)
Cash flow from financing activities   
Advances by related party71,64917,321299,851
Repayment to related party(20,000)0(215,000)
Net cash provided by financing activities51,64917,321(84,851)
Net change in cash(4,420)6,17711,355
Cash, beginning of the period15,77500
Cash, end of the period11,3556,17711,355
Supplemental disclosure of non-cash investing and financing activities   
Conversion of due to related party for common stock$ 30,000$ 0$ 30,000