v2.4.0.8
Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended 82 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
OPERATING ACTIVITIES      
Net loss for the period $ (254,512) $ (34,467) $ (455,736)
Adjustments to reconcile net loss to net cash used in operating activities:      
Gain on debt settlement 0 (10,000) (10,000)
Depreciation expenses 709 0 917
Common stock issued for service (4,430) 0 (4,430)
Changes in operating assets and liabilities:      
(Increase) in accounts receivable (4,340) 0 (4,340)
Increase (decrease) in Accounts payables and accrued liabilities 24,999 (12,776) 55,414
NET CASH USED IN OPERATING ACTIVITIES (228,714) (57,243) (409,315)
INVESTING ACTIVITIES      
Furniture and Equipment (1,933) (4,122) (6,055)
Web development costs and acquisitions 0 (8,050) (18,845)
Goodwill (347,453) 0 (347,453)
NET CASH USED IN INVESTING ACTIVITIES (349,386) (12,172) (372,353)
CASH FLOW FROM FINANCING ACTIVITIES      
Proceeds on sale of common stock 125,000 0 146,428
Proceed from issuance of convertible promissory note 120,997 110,000 265,997
Proceed from issuance of long-term note 371,895 0 371,895
Payment of long-term note (14,451) 0 (14,451)
Proceeds from related parties 0 28,400 58,814
NET CASH PROVIDED BY FINANCING ACTIVITIES 603,441 138,400 828,683
NET INCREASE (DECREASE) IN CASH 25,341 68,985 47,015
CASH, BEGINNING 21,674 2 0
CASH, ENDING 47,015 68,987 47,015
Cash paid during the period for:      
Interest 3,719 0 0
Income taxes 0 0 0
Non-cash investing and financing activities      
Common stock issued for service 4,430 0 4,430
Debt forgiveness of related party   $ 54,742 $ 54,742