Regatta Capital Partners, Inc.
CIK:0001029356|SEC Filings
|
STATEMENTS OF OPERATIONS (USD $)
|
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Jun. 30, 2011
|
Jun. 30, 2010
|
Jun. 30, 2011
|
Jun. 30, 2010
|
|
| Operating Expenses: | ||||
| Stock option | ||||
| General and administrative expenses | 2,700 | 1,165 | 4,750 | 3,250 |
| Total Operating Expenses | 2,700 | 1,165 | 4,750 | 3,250 |
| Other Income and (Expense): | ||||
| Impairment loss (Note 1) | ||||
| Miscellaneous income | ||||
| Interest income | ||||
| Total Other Income and (Expense) | ||||
| Net (loss) before income tax provision | (2,700) | (1,165) | (4,750) | (3,250) |
| Income tax provision | ||||
| Net (loss) | $ (2,700) | $ (1,165) | $ (4,750) | $ (3,250) |
| Basic and diluted net (loss) per share | ||||
| Weighted average shares of common stock outstanding | 1,330,591 | 1,330,591 | 1,330,591 | 1,330,591 |
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STATEMENTS OF CASH FLOWS (USD $)
|
6 Months Ended | |
|---|---|---|
|
Jun. 30, 2011
|
Jun. 30, 2010
|
|
| Cash flows from operating activities: | ||
| Net income (loss) | $ (4,750) | $ (3,250) |
| Adjustments to reconcile net (loss) to cash used in operating activities: | ||
| Stock based compensation | ||
| Stock options expense | ||
| Impairment loss | ||
| Increase (decrease) in accounts payable and accrued expenses | (1,290) | (4,665) |
| Cash (used in) operating activities | (6,040) | (7,915) |
| Cash flows from financing activities: | ||
| Contributed capital | ||
| Advances from related parties | 6,040 | 7,915 |
| Repayments to related parties | ||
| Sale of common stock | ||
| Cash provided by financing activities | 6,040 | 7,915 |
| Increase (decrease) in cash and cash equivalents | 0 | 0 |
| Cash at beginning of period | 2,356 | 2,356 |
| Cash at end of period | 2,356 | 2,356 |
| Interest paid | ||
| Income taxes paid | ||
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BALANCE SHEETS (USD $)
|
Jun. 30, 2011
|
Dec. 31, 2010
|
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 2,356 | $ 2,356 |
| Total assets | 2,356 | 2,356 |
| Current Liabilities: | ||
| Accrued expenses | 3,745 | 5,035 |
| Accounts payable, related parties | 70,485 | 64,445 |
| Total liabilities (all current) | 74,230 | 69,480 |
| Shareholders' (deficit): | ||
| Common stock, no par value; authorized 25,000,000 shares; 1,330,591 shares issued and outstanding | 1,331 | 1,331 |
| Additional paid-in capital | 133,392 | 133,392 |
| Accumulated deficit | (206,597) | (201,847) |
| Total shareholders' (deficit) | (71,874) | (67,124) |
| Total liabilities and shareholders' (deficit) | $ 2,356 | $ 2,356 |