CENTENARY INTERNATIONAL CORP
CIK:0000759999|SEC Filings
Statements of Operations - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| REVENUES | $ 0 | $ 0 | $ 0 | $ 0 |
| OPERATING EXPENSES | ||||
| General and administrative | 15,678 | 24,922 | 138,296 | 58,242 |
| Rent | 0 | 0 | 0 | 0 |
| Salary | 0 | 0 | 0 | 0 |
| Total Operating Expenses | 15,678 | 24,922 | 138,296 | 58,242 |
| OPERATING LOSS | (15,678) | (24,922) | (138,296) | (58,242) |
| OTHER INCOME (EXPENSE) | ||||
| Interest expense | (17,464) | (453,734) | (50,305) | (471,774) |
| Loss on settlement of debt | 0 | (902,782) | 0 | (902,782) |
| Gain on foreign exchange differences | 0 | 0 | 0 | 0 |
| Total Other Income (Expense) | (17,464) | (1,356,516) | (50,305) | (1,374,556) |
| NET INCOME (LOSS) BEFORE INCOME TAXES | (33,142) | (1,381,438) | (188,601) | (1,432,798) |
| PROVISION FOR INCOME TAXES | 0 | 0 | 0 | 0 |
| NET INCOME (LOSS) | (33,142) | (1,381,438) | (188,601) | (1,432,798) |
| Foreign Currency Translation | 34,677 | 0 | 298,913 | 0 |
| COMPREHENSIVE INCOME (LOSS) | $ 1,535 | $ (1,381,438) | $ 110,312 | $ (1,432,798) |
| BASIC INCOME (LOSS) PER COMMON SHARE | $ (0.06) | $ (2.4) | $ (0.33) | $ (2.48) |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 576,682 | 576,682 | 576,682 | 576,682 |
Statements of Cash Flows - USD ($) |
9 Months Ended | |
|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| OPERATING ACTIVITIES | ||
| Net income (loss) | $ (188,601) | $ (1,432,798) |
| Adjustments to reconcile net loss to net cash used by operating activities: | ||
| Loss on settlement of debt | 0 | 902,782 |
| Changes in operating assets and liabilities | ||
| Accrued interest payable | 50,304 | 471,774 |
| Accounts payable | 138,297 | 58,242 |
| Net Cash Used in Operating Activities | 0 | 0 |
| INVESTING ACTIVITIES | ||
| INVESTING ACTIVITIES | 0 | 0 |
| FINANCING ACTIVITIES | ||
| FINANCING ACTIVITIES | 0 | 0 |
| NET INCREASE (DECREASE) IN CASH | 0 | 0 |
| CASH AT BEGINNING OF PERIOD | 2,913 | 2,913 |
| CASH AT END OF PERIOD | 2,913 | 2,913 |
| CASH PAID FOR: | ||
| Interest | 0 | 0 |
| Income taxes | 0 | 0 |
| NON CASH FINANCING ACTIVITIES: | ||
| Related party note for accrued lease expense | 0 | 205,000 |
| Reclassification of related-party debt | 0 | 1,560,000 |
| Assumption of accrued interest | 0 | 437,768 |
| Foreign currency translation adjustments | 298,913 | 0 |
| Accounts payable paid by related-party notes | $ 143,936 | $ 272,847 |
Balance Sheets - USD ($) |
Sep. 30, 2016 |
Dec. 31, 2015 |
|---|---|---|
| CURRENT ASSETS | ||
| Cash | $ 2,913 | $ 2,913 |
| Total Current Assets | 2,913 | 2,913 |
| TOTAL ASSETS | 2,913 | 2,913 |
| CURRENT LIABILITIES | ||
| Accounts payable | 20,290 | 25,901 |
| Accrued interest payable - related parties | 182,492 | 132,188 |
| Notes payable - related parties, net | 3,358,593 | 3,513,598 |
| Total Current Liabilities | 3,561,375 | 3,671,687 |
| STOCKHOLDERS' DEFICIT | ||
| Common stock; 50,000,000 shares authorized, at $0.001 par value, 576,682 and 576,682 shares issued and outstanding, respectively | 577 | 577 |
| Additional paid-in capital | 8,564,999 | 8,564,999 |
| Accumulated other comprehensive income | 1,170,233 | 871,320 |
| Accumulated deficit | (13,294,271) | (13,105,670) |
| Total Stockholders' Deficit | (3,558,462) | (3,668,774) |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 2,913 | $ 2,913 |