Ceres Ventures, Inc.

CIK:0001002422|SEC Filings

LOSS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2012

The loss per share is as follows:

	For the Three Months Ended						For the Nine Months Ended
	September 30, 2012			September 30, 2011			September 30, 2012			September 30, 2011
Numerator - net loss	$	(148,722	)	$	(127,159	)	$	(337,809	)	$	(409,437	)

Denominator for basic loss per share - weighted average shares outstanding		85,501,557			70,000,677			85,200,444			67,709,202

Dilutive effective of common equivalent shares		-			-			-			-

Denominator for dilutive loss per share - adjusted weighted average shares outstanding		85,501,557			70,000,677			85,200,444			67,709,202

Net loss per share
Basic	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.01	)
Diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.01	)

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended		24 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (337,809)	$ (409,437)	$ (960,265)
Adjustments to reconcile net loss to net cash used in operating activities
Share based compensation	6,284	9,860	24,393
Amortization of debt discount	21,182	0	21,182
Changes in operating assets and liabilities:
Prepaid expenses	(1,916)	0	(1,916)
Accounts payable	203,820	247,969	584,401
Accrued interest	5,012	741	6,269
Net cash used in operating activities	(103,427)	(150,867)	(325,936)
CASH FLOWS FROM INVESTING ACTIVITY
Purchase of intangible assets	(22,701)	(11,638)	(73,755)
Net cash used in investing activity	(22,701)	(11,638)	(73,755)
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from investors	0	(99,000)	99,000
Proceeds from issuance of promissory note payable	0	0	12,000
Proceeds from issuance of common stock and warrants	67,000	295,500	343,500
Repayment of convertible note payable	(50,000)	0	(50,000)
Net cash provided by financing activities	17,000	196,500	404,500
NET CHANGE IN CASH	(109,128)	33,995	4,809
CASH
BEGINNING OF PERIOD	113,937	127,000	0
END OF PERIOD	4,809	160,995	4,809
NON-CASH INVESTING AND FINANCING ACTIVITIES
Liabilities assumed as part of reverse merger	0	0	451,915
Conversion of accounts payable to note payable	370,688	0	370,688
Debt discount on notes payable	253,394	0	253,394
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION
Interest paid	3,086	0	0
Income tax paid	0	0	0
Accounts Payable [Member]
NON-CASH INVESTING AND FINANCING ACTIVITIES
Conversion to common stock		28,162	118,845
Convertible Notes Payable [Member]
NON-CASH INVESTING AND FINANCING ACTIVITIES
Conversion to common stock			$ 167,585

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2012	Dec. 31, 2011
Current assets
Cash	$ 4,809	$ 113,937
Prepaid expenses	1,916	0
Total current assets	6,725	113,937
Intangible assets	73,755	51,054
Total assets	80,480	164,991
Current liabilities
Accounts payable	125,537	120,378
Accounts payable - related party	118,215	290,242
Convertible note payable	50,000	100,000
Accrued interest on notes payable	7,756	5,240
Accrued payroll liabilities	30,277	30,277
Promissory note payable	12,000	0
Total current liabilities	343,785	546,137
Long term liabilities
Promissory note payable	0	12,000
Convertible note payable, net of unamoritized discount	138,477	0
Accrued interest on notes payable	3,683	1,187
Total liabilities	485,945	559,324
Commitments and contingencies
Stockholders' deficit
Preferred stock, $0.25 par value, 1,000,000 shares authorized; none issued and outstanding	0	0
Common stock, $0.00001 par value; 2,000,000,000 shares authorized: 85,501,557 and 85,031,557 shares issued and outstanding on September 30, 2012 and December 31, 2011, respectively	854	850
Additional paid-in capital	553,946	227,273
Deficit accumulated during the development stage	(960,265)	(622,456)
Total stockholders' deficit	(405,465)	(394,333)
Total liabilities and stockholders' deficit	$ 80,480	$ 164,991