XML 41 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES:    
Net loss $ (37,578) $ (208,290)
Adjustments to reconcile net loss to net cash used by operating activities:    
Gain on extinguishment of debt (115,247)   
Warrants issued for services    110,000
Changes in operating assets and liabilities:    
Accounts payable and accrued expenses 76,398 93,412
Income taxes payable    (238)
Loans payable to related parties    4,524
Net cash used in operating activities (76,427) (592)
FINANCING ACTIVITIES:    
Proceeds from related parties 76,000   
Net cash provided by financing activities 76,000   
NET DECREASE IN CASH (427) (592)
CASH BEGINNING OF THE YEAR 2,884 592
CASH END OF THE YEAR 2,457   
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid      
Interest paid      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock in connection with the purchase of classifiedride.com 1,400   
Issuance of common stock in connection with the purchase of Autoglance, LLC 77   
Issuance of common stock for conversion of debt 115,362   
Note payable for the purchase of classifiedride.com $ 3,000,000