Company Q2 2011 Report

Not sure of the benefit of starting to log the company’s finances this early, but here it is. Took me two hours, but it’s mainly to create the format for the first time. Will continue to be a public event until either I hired someone or when the public catches on. Q2 only contains 1 month of data, which begins on June 1st, which is when my investment of $2423.2 begun.

Revenue will stay in the form of account receivables until it is moved to a bank account and exists in the form of cash. There will be no magic accounting from me.

Expenses are zero and will remain so for a short period since I am subsidizing it with my time and pre-existing office equipments.

Income statement

1USD=1CAD	3 months ending 2011-06-30
Revenue	302
Other Revenue, Total	–
Total Revenue	302
Cost of Revenue, Total	100
Gross Profit	202
Selling/General/Admin. Expenses, Total	–
Research & Development	–
Depreciation/Amortization	–
Interest Expense(Income) – Net Operating	–
Unusual Expense (Income)	–
Other Operating Expenses, Total	–
Total Operating Expense	0
Operating Income	202
Interest Income(Expense), Net Non-Operating	–
Gain (Loss) on Sale of Assets	–
Other, Net	–
Income Before Tax	202
Income After Tax	174.73
Minority Interest	–
Equity In Affiliates	–
Net Income Before Extra. Items	174.73
Accounting Change	–
Discontinued Operations	–
Extraordinary Item	–
Net Income	174.73
Preferred Dividends	–
Income Available to Common Excl. Extra Items	–
Income Available to Common Incl. Extra Items	–
Basic Weighted Average Shares	–
Basic EPS Excluding Extraordinary Items	–
Basic EPS Including Extraordinary Items	–
Dilution Adjustment	–
Diluted Weighted Average Shares	1
Diluted EPS Excluding Extraordinary Items	–
Diluted EPS Including Extraordinary Items	–
Dividends per Share – Common Stock Primary Issue	–
Gross Dividends – Common Stock	–
Net Income after Stock Based Comp. Expense	–
Basic EPS after Stock Based Comp. Expense	–
Diluted EPS after Stock Based Comp. Expense	–
Depreciation, Supplemental	–
Total Special Items	–
Normalized Income Before Taxes	202
Effect of Special Items on Income Taxes	–
Income Taxes Ex. Impact of Special Items	–
Normalized Income After Taxes	174.73
Normalized Income Avail to Common	174.73
Basic Normalized EPS	174.73
Diluted Normalized EPS	174.73

Balance Sheet

1USD=1CAD	3 months ending 2011-06-30
Cash & Equivalents	0
Short Term Investments	0
Cash and Short Term Investments	0
Accounts Receivable – Trade, Net	202
Receivables – Other	–
Total Receivables, Net	202
Total Inventory	–
Prepaid Expenses	–
Other Current Assets, Total	–
Total Current Assets	202
Property/Plant/Equipment, Total – Gross	2423.2
Accumulated Depreciation, Total	–
Goodwill, Net	–
Intangibles, Net	–
Long Term Investments	–
Other Long Term Assets, Total	–
Total Assets	2625.2
Accounts Payable	–
Accrued Expenses	–
Notes Payable/Short Term Debt	–
Current Port. of LT Debt/Capital Leases	–
Other Current liabilities, Total	–
Total Current Liabilities	0
Long Term Debt	–
Capital Lease Obligations	–
Total Long Term Debt	–
Total Debt	0
Deferred Income Tax	27.27
Minority Interest	–
Other Liabilities, Total	–
Total Liabilities	27.27
Redeemable Preferred Stock, Total	–
Preferred Stock – Non Redeemable, Net	–
Common Stock, Total	1
Additional Paid-In Capital	2423.2
Retained Earnings (Accumulated Deficit)	–
Treasury Stock – Common	–
Other Equity, Total	–
Total Equity	2597.93
Total Liabilities & Shareholders’ Equity	2625.2
Shares Outs – Common Stock Primary Issue	1
Total Common Shares Outstanding	1

Cash Flow

1USD=1CAD	3 months ending 2011-06-30
Net Income/Starting Line	174.73
Depreciation/Depletion	–
Amortization	–
Deferred Taxes	27.27
Non-Cash Items	–
Changes in Working Capital	2423.2
Cash from Operating Activities	2625.2
Capital Expenditures	-2423.2
Other Investing Cash Flow Items, Total	–
Cash from Investing Activities	-2423.2
Financing Cash Flow Items	–
Total Cash Dividends Paid	–
Issuance (Retirement) of Stock, Net	–
Issuance (Retirement) of Debt, Net	–
Cash from Financing Activities	0
Foreign Exchange Effects	–
Net Change in Cash	202
Cash Interest Paid, Supplemental	–
Cash Taxes Paid, Supplemental	–