Quantum Medical Transport, Inc.
CIK:0001021282|SEC Filings
Statements of Operations (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2011 | Sep. 30, 2010 | Sep. 30, 2011 | Sep. 30, 2010 | |
| Income Statement [Abstract] | ||||
| Revenue | $ 15,180 | $ 22,555 | $ 39,574 | $ 54,190 |
| General and administrative expenses | 154,201 | 55,832 | 304,760 | 84,303 |
| Loss from operations | (139,021) | (33,277) | (265,186) | (30,113) |
| Interest expense | (53,858) | 0 | (86,508) | 0 |
| Net loss | $ (192,879) | $ (33,277) | $ (351,694) | $ (30,113) |
| Net loss per common share - basic and diluted | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 |
| Weighted average number of common shares outstanding during the period - basic and diluted | 450,052,893 | 369,020,635 | 450,031,624 | 369,020,635 |
Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
|---|---|---|
Sep. 30, 2011 | Sep. 30, 2010 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $ (351,694) | $ (30,113) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Stock issued for services | 10,000 | 0 |
| Bad debt expense | 2,253 | 0 |
| Amoritization of debt discount | 34,673 | 0 |
| Changes in operating assets and liabilities: | ||
| Decrease in accounts receivable | (6,510) | (8,825) |
| Increase in accounts payable | 92,993 | 0 |
| Increase in accrued interest payable | 51,836 | 0 |
| Net Cash Used In Operating Activities | (166,449) | (38,938) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from notes payable | 53,000 | 32,900 |
| Repayments of notes payable - related parties | 0 | 6,509 |
| Proceeds from note payable - related parties | 106,644 | 0 |
| Net Cash Provided By Financing Activities | 159,644 | 39,409 |
| Net Decrease in Cash | (6,805) | 471 |
| Cash - Beginning of Period | 7,153 | 2,219 |
| Cash - End of Period | 348 | 2,690 |
| SUPPLEMENTARY CASH FLOW INFORMATION: | ||
| Income taxes | 0 | 0 |
| Interest | $ 0 | $ 0 |
Balance Sheets (Unaudited) (USD $) | Sep. 30, 2011 | Dec. 31, 2010 |
|---|---|---|
| Assets | ||
| Cash | $ 348 | $ 7,153 |
| Accounts receivable | 10,480 | 6,223 |
| Total Current Assets | 10,828 | 13,376 |
| Liabilities and Stockholders' Deficit | ||
| Accounts payable | 93,791 | 798 |
| Accrued interest payable | 54,315 | 2,479 |
| Notes payable | 68,763 | 32,900 |
| Notes payable - related parties | 594,031 | 520,269 |
| Total Current Liabilities | 810,900 | 556,446 |
| Stockholders' Deficit | ||
| Series A Preferred Stock, $0.000001 par value, 3,000,000 shares authorized; none issued and outstanding | 0 | 0 |
| Series B Preferred Stock, $0.000001 par value, 5,000,000 shares authorized; none issued and outstanding | 0 | 0 |
| Common Stock, $0.000001 par value, 500,000,000 shares authorized; 450,020,635 shares issued and outstanding | 450 | 450 |
| Additional paid in capital | (380,380) | (475,072) |
| Accumulated deficit | (420,142) | (68,448) |
| Total Stockholders' Deficit | (800,072) | (543,070) |
| Total Liabilities and Stockholders' Deficit | $ 10,828 | $ 13,376 |