Common Contracts
1 similar Financial Statement contracts
ContractFinancial Statement • May 14th, 2008
ASSETS 12/31/2007 12/31/2006 Current Assets Cash $ 105,818 $ 390 Prepaid Expenses 12,500 - Total Assets $ 118,318 $ 390 LIABILITIES AND STOCKHOLDERS' DEFICIENCY Current Liabilities Accounts payable $ 22,121 $ 9,133 Payroll Tax Payable 10,352 - Stockholder Loans - 10,000 Royality agreement payable - related party 120,000 107,143 Accrued Expenses 148,042 131,820 Total Current Liabilities 300,515 258,096 Commitments and Contingencies - - Stockholders' Deficiency Preferred stock, no par value; 10,000,000 shares authorized, none issued and outstanding - - Common stock Class A, no par value; 60,000,000 shares authorized, 49,934,850 and 33,883,350 shares issued and outstanding during 779,050 146,180 2007 and 2006, respectively
