TEXSTAR OIL Corp
CIK:0000814920|SEC Filings
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CONDENSED STATEMENTS OF OPERATIONS (USD $)
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3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
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Jun. 30, 2014
|
Jun. 30, 2013
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Jun. 30, 2014
|
Jun. 30, 2013
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|
| Operating expenses: | ||||
| Selling, general and administration | $ 98,638 | $ 547,917 | $ 118,942 | $ 1,066,582 |
| Total operating expenses | 98,638 | 547,917 | 118,942 | 1,066,582 |
| Loss before taxes | (98,638) | (547,917) | (118,942) | (1,066,582) |
| Net loss | $ (98,638) | $ (547,917) | $ (118,942) | $ (1,066,582) |
| Loss per share, basic and diluted | $ 0.00 | $ (0.02) | $ 0.00 | $ (0.04) |
| Weighted average number of shares outstanding | 27,634,112 | 27,634,112 | 27,634,112 | 27,634,112 |
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CONDENSED STATEMENTS OF CASH FLOWS (USD $)
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6 Months Ended | |
|---|---|---|
|
Jun. 30, 2014
|
Jun. 30, 2013
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $ (118,942) | $ (1,066,582) |
| Adjustments to reconcile net loss to net cash flows provided by (used in) operating activities: | ||
| Amortization of prepaid stock based consulting | 929,795 | |
| Change in operating assets and liabilities: | ||
| Accounts payable | 19,135 | (9,098) |
| Accrued expenses | 85,000 | |
| Amount due to related parties | 14,802 | 145,959 |
| Net cash flows used in operating activities | (5) | 74 |
| Increase (decrease) in cash | (5) | 74 |
| Cash, beginning of period | 131 | |
| Cash, end of period | $ 126 | $ 74 |
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CONDENSED BALANCE SHEETS (USD $)
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Jun. 30, 2014
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Dec. 31, 2013
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|---|---|---|
| Current Assets: | ||
| Cash | $ 126 | $ 131 |
| Total current assets | 126 | 131 |
| Current Liabilities: | ||
| Accounts payable | 40,028 | 20,893 |
| Amount due to related parties | 346,731 | 331,929 |
| Accrued expenses | 85,000 | |
| Total current liabilities | 471,759 | 352,822 |
| Commitments and Contingencies | ||
| Stockholders' Deficit: | ||
| Preferred stock - par value $0.001; 50,000,000 shares authorized; 5,004,609 shares of Series A issued and outstanding | 5,005 | 5,005 |
| Common stock - par value $0.001; 500,000,000 shares authorized; 27,634,112 shares issued and outstanding | 27,634 | 27,634 |
| Additional paid in capital | 2,188,671 | 2,188,671 |
| Accumulated deficit | (2,692,943) | (2,574,001) |
| Total stockholders' deficit | (471,633) | (352,691) |
| Total liabilities and stockholders' deficit | $ 126 | $ 131 |