INVENT Ventures, Inc.

CIK:0000912844|SEC Filings

Going Concern loss form operations (Details) (USD $)	Sep. 30, 2014
Going Concern loss form operations
Incurred loss from operations	$ 343,911

Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
Statements of Cash Flows (Unaudited) (USD $)	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:
Net (decrease) in net assets (liabilities) from operations.	$ (5,027,983)	$ (679,633)
Adjustments to reconcile net increase (decrease) in net assets from operations to net cash used by operating activities:
Change in net unrealized depreciation of investments	4,683,992	17,650
Amortization of debt discount	55,185	82,500
Non-cash interest expense	0	29,350
Change in fair market value of derivative liability	(74,259)	(85,544)
Advances to portfolio companies	(35,530)	(37,261)
Other non-cash income	(150,092)	0
Depreciation and amortization	2,296	54,914
Non-cash consulting expenses	120,618	127,266
Changes in operating assets and liabilities:
Decrease in prepaid expenses and deposits	6,978	(1,550)
Amounts due from portfolio companies	(18,050)	11,000
Increase in accounts payable	34,713	3,354
Increase (Decrease) in accrued liabilities	(466,559)	406,401
Increase (Decrease) in advances from non-affiliates	33,000	(58,800)
Increase (Decrease) in amounts due to related parties	578,243	(59,644)
Net cash used in operating activities	(257,448)	(211,997)
Cash flows from investing activities:
Purchase of furniture and equipment	0	0
Investment in non-affiliated portfolio company	0	0
Net cash used in investing activities	0	0
Cash flows from financing activities:
Proceeds from issuance of common stock	389,340	0
Collection of stock subscriptions	0	0
Borrowings on line of credit	4,377	0
Increase in notes payable	(147,910)	173,692
Net cash provided by financing activities	245,807	173,692
Net increase (decrease) in cash and cash equivalents	(11,641)	(38,305)
Cash, beginning of period	44,240	112,449
Cash, end of period	32,599	74,144
Common stock issued in exchange for:
Amounts due related parties	0	0
Stock subscriptions receivable	0	0
Stock subscriptions receivable cancelled	0	0
Asset purchases	(350,000)	0
Promissory Note conversion	389,340	0
Common stock transferred by shareholder in exchange for:
Consulting services	$ 135,000	$ 240,000