WWA GROUP INC

CIK:0001036478|SEC Filings

Consolidated Statements of Operations - USD ($)	3 Months Ended
Consolidated Statements of Operations - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Net revenues:
Revenue from Cable/Internet sales	$ 108,938	$ 116,347
Royalty revenue	100,000
Total net revenues	208,938	116,347
Cost of Goods Sold	45,677	56,224
Gross Income	163,261	60,123
General, selling and administrative expenses	98,836	80,294
Salaries and wages	43,726	24,842
Depreciation	900	4,142
Total operating expenses	143,462	109,278
Income (loss) from operations	19,800	(49,155)
Other income (expense)
Interest income (expense)	(521)	(579)
Gain (loss) on derivative liability		(10,153)
Other income (expense)	290	19,250
Total other income (expense)	(231)	8,518
Income (loss) before income tax	19,569	(40,637)
Profit (loss)	$ 19,569	$ (40,637)
Weighted average shares - Basic	167,434,410	167,434,410

Condensed Statements of Cash Flows - USD ($)	3 Months Ended
Condensed Statements of Cash Flows - USD ($)	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income ( loss)	$ 19,569	$ (40,637)
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	900	4,142
(Gain) Loss on re-measurement of derivative		10,153
Accounts receivable	(92,834)	2,669
Other current assets		(6,155)
Accounts Payable	15,867	(23,692)
Accrued Expenses	(4,391)	43,645
Note Payable	(1,500)
Net Cash Provided (Used) in Operating Activities	(62,389)	(9,875)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	(2,188)
Net Cash Provided (Used) by Investing Activities	(2,188)
CASH FLOWS FROM FINANCING ACTIVITIES
Convertible debt discount		2,552
Derivative Liability		$ 4,462
Common stock redeemed for accounts payable		1,920
NET INCREASE IN CASH	(64,577)	$ (941)
CASH AT BEGINNING OF PERIOD	75,144	11,833
CASH AT END OF PERIOD	$ 10,567	$ 10,892

Consolidated Balance Sheets - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash	$ 10,567	$ 75,144
Accounts Receivable	125,589	32,755
Prepaid Expenses	5,000	5,000
Other current assets	800,000	800,000
Total current assets	941,156	912,899
Property and Equipment (net)	146,892	145,605
Total Assets	1,088,048	1,058,504
Current liabilities:
Accounts payables	96,597	80,730
Accrued expenses	135,008	139,399
Current portion of long term debt	2,000	3,500
Total current liabilities	233,605	223,629
Long term debt	11,875	11,875
Total liabilities	245,480	235,504
Stockholders' equity:
Preferred stock, $0.001 par value, 100,000,000 shares authorized 10,000,000 shares issued and outstanding	2,000	2,000
Common stock, $0.001 par value, 500,000,000 shares authorized; 23,217,005 shares issued and outstanding	350,358	350,358
Additional paid-in capital	992,486	992,486
Retained earnings	(388,628)	(408,196)
Recapitalization persuant to reverse acquisition	(113,648)	(113,648)
Total stockholders' equity:	842,568	823,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,088,048	$ 1,058,504