Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

v2.4.0.6
Statements of Cash Flows (Unaudited) (USD $)
5 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2012
Cash flows from operating activities:    
Net (loss) $ (266,956) $ (244,310)
Adjustments to reconcile net (loss) to net cash provided by operating activities    
Realized loss on investment    6,523
Unrealized loss on investment    25,500
Common stock issued for services rendered    47,500
Fair value of stock options issued to Directors 195,615   
Changes in operating assets and liabilities      
Accrued expenses 75,443 58,258
Accounts payable related party 16,834 12,053
Deferred revenue (50,000)   
Net cash (used in) operating activities: (29,064) (94,475)
Cash flows from investing activities:    
Proceeds from trading securities    17,227
Net cash used provided by investing activities:    17,227
Cash flow from financing activities:    
Proceeds from issuance of common stock 300,070   
Net cash provided by financing activities 300,070   
Net increase in cash and cash equivalents 271,006 (77,248)
Cash and cash equivalents beginning of period    118,803
Cash and cash equivalents end of period 271,006 41,554
Non-cash financing activities:    
Stock options issued as part of stock dividend 1,165,563   
Cash paid during the period for:    
Interest      
Income taxes