XML 37 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended 28 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
OPERATING ACTIVITIES      
Net loss $ (138,458) $ (5,290) $ (204,918)
Adjustments to reconcile net loss to net cash used by      
Stock-based compensation 31,200    31,200
Changes in operating assets and liabilities:      
Interest (110)      
Increase in accounts payable and accrued 49,976 1,500 52,910
Decrease in accounts payable, related party (2,695)      
Increase in prepaid expenses (2,561)    (4,974)
NET CASH USED IN OPERATING ACTIVITIES (62,648) (3,790) (125,782)
FINANCING ACTIVITIES      
Proceeds from sale of common stock 500,000 5,190 517,190
Proceeds from note payable       40,000
Repayment of note payable (40,000)    (40,000)
Due to related party       35,986
NET CASH PROVIDED BY FINANCING ACTIVITIES 460,000 5,190 553,176
NET INCREASE IN CASH 397,352 1,400 427,394
CASH BEGINNING OF PERIOD 30,042 176   
CASH, END OF PERIOD 427,394 1,576 427,394
Supplemental cash flow information and noncash financing activities:      
Cash paid for interest 876    876
Cash paid for income taxes         
Non-cash transactions      
Stock based compensation 156,000    156,000
Forgiveness of shareholder loan       35,986
Total $ 156,876    $ 192,862