|
September 30,
|
December 31,
|
|||||||
|
2011
|
2010
|
|||||||
|
(Unaudited)
|
||||||||
|
ASSETS
|
||||||||
|
CURRENT ASSETS
|
||||||||
|
Cash
|
$ | 16,728 | $ | 10,000 | ||||
|
Accounts receivable
|
57,643 | 79,059 | ||||||
|
TOTAL CURRENT ASSETS
|
74,371 | 89,059 | ||||||
|
TOTAL ASSETS
|
$ | 74,371 | $ | 89,059 | ||||
|
LIABILITIES AND STOCKHOLDERS' EQUITY
|
||||||||
|
CURRENT LIABILITIES
|
||||||||
|
Accounts payable and accrued expenses
|
$ | 1,692 | $ | 6,069 | ||||
|
TOTAL CURRENT LIABILITIES
|
1,692 | 6,069 | ||||||
|
STOCKHOLDERS' EQUITY
|
||||||||
|
Common stock, no par value, 2,000,000
|
||||||||
|
shares authorized and outstanding
|
- | - | ||||||
|
Additional paid-in capital
|
- | - | ||||||
|
Retained earnings
|
72,679 | 82,990 | ||||||
|
TOTAL STOCKHOLDERS' EQUITY
|
72,679 | 82,990 | ||||||
|
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
|
$ | 74,371 | $ | 89,059 | ||||
|
For the Three Months Ended
|
For the Nine Months Ended
|
|||||||||||||||
|
September 30,
|
September 30,
|
|||||||||||||||
|
2011
|
2010
|
2011
|
2010
|
|||||||||||||
|
|
|
|
|
|||||||||||||
|
REVENUES
|
$ | 218,019 | $ | 319,412 | $ | 518,080 | $ | 630,392 | ||||||||
|
OPERATING EXPENSES
|
||||||||||||||||
|
Advertising and marketing
|
15,338 | 1,843 | 30,535 | 2,005 | ||||||||||||
|
Payroll expense
|
54,537 | 70,652 | 158,878 | 219,909 | ||||||||||||
|
Contractors expense
|
32,738 | 12,707 | 78,314 | 29,923 | ||||||||||||
|
Professional fees
|
4,582 | - | 4,582 | - | ||||||||||||
|
General and administrative
|
5,171 | 3,425 | 19,890 | 12,108 | ||||||||||||
|
Total Operating Expenses
|
112,366 | 88,627 | 292,199 | 263,945 | ||||||||||||
|
INCOME FROM OPERATIONS
|
105,653 | 230,785 | 225,881 | 366,447 | ||||||||||||
|
OTHER INCOME
|
||||||||||||||||
|
Other income
|
780 | - | 1,230 | 300 | ||||||||||||
|
Total Other Income
|
780 | - | 1,230 | 300 | ||||||||||||
|
INCOME BEFORE INCOME TAXES
|
106,433 | 230,785 | 227,111 | 366,747 | ||||||||||||
|
PROVISION FOR INCOME TAXES
|
- | - | - | - | ||||||||||||
|
NET INCOME
|
$ | 106,433 | $ | 230,785 | $ | 227,111 | $ | 366,747 | ||||||||
|
EARNINGS PER SHARE
|
$ | 0.05 | $ | 0.12 | $ | 0.11 | $ | 0.18 | ||||||||
|
BASIC AND DILUTED WEIGHTED AVERAGE
|
||||||||||||||||
|
NUMBER OF COMMON SHARES OUTSTANDING
|
2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | ||||||||||||
|
Additional
|
|
Total
|
||||||||||||||||||
|
Common Stock
|
Paid-In
|
Retained
|
Stockholders'
|
|||||||||||||||||
|
Shares
|
Amount
|
Capital
|
Earnings
|
Equity
|
||||||||||||||||
|
Balance, December 31, 2009
|
2,000,000 | $ | - | $ | - | $ | 64,534 | $ | 64,534 | |||||||||||
|
Net shareholder distributions
|
- | - | - | (482,592 | ) | (482,592 | ) | |||||||||||||
|
Net income for the year ended
|
||||||||||||||||||||
|
December 31, 2010
|
- | - | - | 501,048 | 501,048 | |||||||||||||||
|
Balance, December 31, 2010
|
2,000,000 | - | - | 82,990 | 82,990 | |||||||||||||||
|
Net shareholder distributions (unaudited)
|
- | - | - | (237,422 | ) | (237,422 | ) | |||||||||||||
|
Net income for the nine months ended
|
||||||||||||||||||||
|
September 30, 2011 (unaudited)
|
- | - | - | 227,111 | 227,111 | |||||||||||||||
|
Balance, September 30, 2011 (unaudited)
|
2,000,000 | $ | - | $ | - | $ | 72,679 | $ | 72,679 | |||||||||||
|
For the Nine Months Ended
|
||||||||
|
September 30,
|
||||||||
|
2011
|
2010
|
|||||||
|
CASH FLOWS FROM OPERATING ACTIVITIES
|
||||||||
|
Net income
|
$ | 227,111 | $ | 366,747 | ||||
|
Changes in operating assets and liabilities:
|
||||||||
|
Accounts receivable
|
21,416 | 64,522 | ||||||
|
Accounts payable and accrued expenses
|
(4,377 | ) | 4,010 | |||||
|
Net Cash Provided by Operating Activities
|
244,150 | 435,279 | ||||||
|
CASH FLOWS FROM INVESTING ACTIVITIES
|
- | - | ||||||
|
CASH FLOWS FROM FINANCING ACTIVITIES
|
||||||||
|
Shareholder distributions
|
(237,422 | ) | (308,505 | ) | ||||
|
|
||||||||
|
Net Cash Used in Financing Activities
|
(237,422 | ) | (308,505 | ) | ||||
|
NET INCREASE IN CASH
|
6,728 | 126,774 | ||||||
|
CASH AT BEGINNING OF PERIOD
|
10,000 | 12 | ||||||
|
CASH AT END OF PERIOD
|
$ | 16,728 | $ | 126,786 | ||||
|
SUPPLEMENTAL DISCLOSURES OF
|
||||||||
|
CASH FLOW INFORMATION:
|
||||||||
|
CASH PAID FOR:
|
||||||||
|
Interest
|
$ | - | $ | - | ||||
|
Income Taxes
|
- | - | ||||||
|
NON-CASH FINANCING ACTIVITIES:
|
$ | - | $ | - | ||||