AQUENTIUM INC
CIK:0000918997|SEC Filings
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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
|
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Jun. 30, 2014
|
Jun. 30, 2013
|
Jun. 30, 2014
|
Jun. 30, 2013
|
|
| Expense | ||||
| Officer compensation | $ 60,000 | $ 60,000 | $ 180,000 | $ 180,000 |
| Selling, general and administrative expenses | 6,865 | 21,279 | 20,204 | 62,251 |
| Loss from operations | (66,865) | (81,279) | (200,204) | (242,251) |
| Other income (expense) | ||||
| Debt forgiveness on settlement of debt | 8,135 | 8,135 | ||
| Interest expense | (55,282) | (3,010) | (155,893) | (9,030) |
| Total other income (expense) | (47,147) | (3,010) | (147,758) | (9,030) |
| Net loss | $ (114,013) | $ (94,289) | $ (348,962) | $ (251,281) |
| Loss per common share- Basic | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 |
| Basic weighted average number of common shares outstanding | 93,457,403 | 57,385,974 | 93,457,403 | 57,266,227 |
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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
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9 Months Ended | |
|---|---|---|
|
Jun. 30, 2014
|
Jun. 30, 2013
|
|
| Cash flows from operating activities: | ||
| Net loss | $ (348,962) | $ (251,281) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock compensation | 25,000 | |
| Accrued compensation and rent converted to convertible note payable | 193,675 | |
| Debt discount | 146,864 | |
| Changes in operating assets and liabilities: | ||
| Accounts payable | (9,443) | 2,666 |
| Accrued interest | 9,030 | 9,030 |
| Prepaid | 3,200 | |
| Salaries payable-related party | 180,000 | |
| Net cash used in operating activities | (7,836) | (31,385) |
| Cash Flows From Financing Activities: | ||
| Common stock issued for cash | 50,000 | |
| Advances – related party | (8,603) | |
| Advance on loan payable | 8,000 | |
| Net cash provided by financing activities | 8,000 | 41,397 |
| Net increase in cash | 164 | 10,012 |
| Cash at beginning of period | 626 | |
| Cash at end of period | $ 164 | $ 10,638 |
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CONSOLIDATED BALANCE SHEETS (USD $)
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Jun. 30, 2014
|
Sep. 30, 2013
|
|---|---|---|
| Current assets | ||
| Cash | $ 164 | |
| Total current assets | 164 | |
| Total assets | 164 | |
| Current liabilities | ||
| Accounts payable | 32,872 | 42,315 |
| Accrued interest | 81,638 | 72,608 |
| Note payable | 8,000 | |
| Accrued expense - litigation | 177,247 | 177,247 |
| Total current liabilities | 299,757 | 292,170 |
| Long term liabilities | ||
| Convertible Note payable- related party | 1,107,988 | 914,313 |
| Debt discount | (961,124) | (914,313) |
| Total liabilities | 446,620 | 292,170 |
| Stockholders' deficit | ||
| Preferred shares, par value $0.00001, 10,000,000 authorized; none issued and outstanding | ||
| Common stock, par value $0.005 authorized 100,000,000 shares, issued and outstanding 93,457,403 as June 30, 2014 and September 30, 2013, respectively | 467,287 | 467,287 |
| Additional paid-in capital | 3,367,959 | 3,174,284 |
| Accumulated deficit | (4,281,702) | (3,933,741) |
| Total stockholders' deficit | (446,456) | (292,170) |
| Total liabilities and stockholders' deficit | $ 164 |