ABSOLUTE POTENTIAL, INC.
CIK:0001002360|SEC Filings
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Statements of Operations (USD $)
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3 Months Ended | |
|---|---|---|
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Dec. 31, 2013
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Dec. 31, 2012
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| Income Statement [Abstract] | ||
| Operating revenues | ||
| Selling, general and administrative | 50,393 | 10,389 |
| Net loss | $ (50,393) | $ (10,389) |
| Net loss per share - basic and diluted | $ (0.08) | $ (0.02) |
| Weighted average number of common shares outstanding - basic and diluted | 646,176 | 646,176 |
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Statements of Cash Flows (USD $)
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3 Months Ended | |
|---|---|---|
|
Dec. 31, 2013
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Dec. 31, 2012
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| Cash Flows from Operating Activities: | ||
| Net loss | $ (50,393) | $ (10,389) |
| Adjustment to reconcile net loss to net cash used in operating activities | ||
| Increase in acounts payable | 44,363 | 10,270 |
| Net cash used in operating activities | (6,030) | (119) |
| Cash Flows from Financing Activities: | ||
| Proceeds from long-term advances from related party | 6,030 | 119 |
| Net cash provided by financing activities | 6,030 | 119 |
| NET DECREASE IN CASH | ||
| CASH , BEGINNING BALANCE | 27 | 27 |
| CASH , ENDING BALANCE | 27 | 27 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Interest paid | ||
| Income taxes paid | ||
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Balance Sheets (USD $)
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Dec. 31, 2013
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Sep. 30, 2013
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|---|---|---|
| Current assets: | ||
| Cash | $ 27 | $ 27 |
| Total Assets | 27 | 27 |
| Current liabilities | ||
| Accounts payable | 105,155 | 60,792 |
| Accrued payroll taxes | 287,215 | 287,215 |
| Total Current Liabilities | 392,370 | 348,007 |
| Long-term convertible advances from related party | 1,005,018 | 998,988 |
| Total Liabilities | 1,397,388 | 1,346,995 |
| Stockholders' Deficit | ||
| Preferred stock; $.001 par value, 50,000,000 shares authorized; no shares issued or outstanding | ||
| Common stock; $.0001 par value, 150,000,000 shares authorized; 646,176 shares issued and outstanding | 64 | 64 |
| Additonal paid-in capital | 625,372 | 625,372 |
| Accumulated deficit | (2,022,797) | (1,972,404) |
| Total Stockholders' Deficit | (1,397,361) | (1,346,968) |
| Total Liabilities and Stockholders' Deficit | $ 27 | $ 27 |