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Innovative Product Opportunities Inc. (A Development Stage Enterprise) STATEMENTS OF CASH FLOWS (Audited) (USD $)
12 Months Ended 33 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Cash flows from operating activities      
Net loss $ (5,293,741) $ (106,887) $ (5,402,628)
Adjustments to reconcile net loss to cash used in operating activities      
Shares issued to founder 0 0 2,000
Stock issued for services 5,205,000 110,000 5,315,000
Change in operating assets and liabilities      
Decrease in accounts receivable 21,000 (21,000) 0
Increase in accounts payable and accrued liabilities 161 460 621
Net cash used in operating activities (67,580) (17,427) (85,007)
Cash flow from financing activities      
Advances by related party 78,447 228,202 306,649
Repayment to related party (20,000) (195,000) (215,000)
Net cash provided by financing activities 58,447 33,202 91,649
Net change in cash (9,133) 15,775 6,642
Cash, beginning of the period 15,775 0 0
Cash, end of the period 6,642 15,775 6,642
Conversion of due to related party for common stock $ 30,000 $ 0 $ 30,000