Orpheum Property Inc

CIK:0001092791|SEC Filings

Statements of Operations (USD $)	3 Months Ended		6 Months Ended		116 Months Ended
Statements of Operations (USD $)	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012
Revenues
Rental income	$ 6,800		$ 6,800		$ 6,800
Total Revenues	6,800		6,800		6,800
Cost of Sales
Gross Profit	6,800		6,800		6,800
General & Administrative Expenses	385,966	99,278	494,632	391,342	3,306,093
Net Loss from Operations	(379,166)	(99,278)	(487,832)	(391,342)	(3,299,293)
Other Income (Expense):
Other Income					4,000
Interest Expense	(87,697)	(87,697)	(175,393)	(175,393)	(813,943)
Total Other Income (Expense)	(87,697)	(87,697)	(175,393)	(175,393)	(809,943)
Net Loss from Continuing Operations	(466,863)	(186,975)	(663,225)	(566,735)	(4,109,236)
Discontinued Operations					(1,235,906)
Loss - Sale of Disc. Operations					(28,467)
Net Loss	$ (466,863)	$ (186,975)	$ (663,225)	$ (566,735)	$ (5,373,609)
Basic/Diluted Income (Loss) Per Share
Continuing Operations	$ 0	$ 0	$ 0	$ (1)
Discontinued Operations
Net Loss per Share	$ 0	$ 0	$ 0	$ (1)
Weighted Average Shares Outstanding	213,718,133	750,000	211,415,051	695,414

Statements of Cash Flows (USD $)	6 Months Ended		116 Months Ended
Statements of Cash Flows (USD $)	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012
Cash Flows from Operating Activities
Net Loss	$ (663,225)	$ (566,735)	$ (5,373,609)
Adjustments to reconcile net loss to net cash used by operating activities
Contribution of interest on advances by officer			24,071
Common Stock issued for conversion of subsidiary stock			6,880
Stock Issued for payment of fees	219,080	260,000	2,522,078
Contributed Capital - noncash fair market value of start-up and organization services and costs			1,000
Bad debt recognized			25,000
(Increase) Decrease in Prepaid expenses		5,000
Increase (Decrease) in accounts payable	56,774	31,158	119,972
Increase (Decrease) in accrued interest	175,393	175,393	792,193
Net Cash Used by Operating Activities	(211,978)	(95,184)	(1,882,415)
Cash Flow from Investing Activities
Improvements to Orpheum Theater		(97,332)	(242,701)
Improvements to St. Philiips St.	(16,281)		(16,281)
Escrow refunds, net of fees paid		(1,402)	15,583
Cash investments to Baja Coastal	(28,950)		(38,950)
Net Cash Used by Investing Activities	(45,231)	(98,734)	(282,349)
Cash Flow from Financing Activities
Proceeds from the sale of stock/contributed cash	257,051	193,647	1,234,570
Proceeds from notes payable - related party			49,700
Payment on OKC payable			(10,000)
Proceeds from advances from former officer - net			30,000
Proceeds from mergers			304,540
Payment to reduce Stock Payable			(22,500)
Net Cash Provided (Used) by Financing Activities	257,051	193,647	1,586,310
Net Increase (Decrease) in Cash	(158)	(271)	(578,454)
Beginning Cash Balance	274	727
Cash (Used in) Provided by Discontinued Operations			578,570
Ending Cash Balance	116	456	116
Supplemental Disclosure of Cash Flow Information
Cash paid during the year for interest
Cash paid during the year for income taxes
Business and Capital Acquisitions
Fair value of assets acquired	3,200,000	8,850,995	10,647,703
Issuance of debt/assumption of liabilities	(1,200,000)	(10,000)	(2,370,013)
Liabilities assumed			(2,760,379)
Stock Issued at acquisition	(20,000)	(43,743)	(180,961)
Capital in Excess of Par	(1,980,000)	(8,797,252)	(5,336,350)
Net Transaction

Balance Sheets (USD $)	Sep. 30, 2012	Mar. 31, 2012
Current Assets
Cash in Bank	$ 116	$ 274
Prepaid Expenses
Total Current Assets	116	274
Fixed Assets
Unimproved properties	7,350,995	7,350,995
Improved properties	11,185,840	7,969,559
Less: Accumulated Depreciation
Total Fixed Assets	18,536,835	15,320,554
Other Assets
Investment - Contracts	555,502	555,502
Total Other Assets	555,502	555,502
TOTAL ASSETS	19,092,453	15,876,330
Current Liabilities
Accounts Payable	119,972	63,198
Accrued Interest	825,323	649,930
Demand Note - Orpheum - Note 4	2,698,360	2,698,360
Total Current Liabilities	3,643,655	3,411,488
Long Term Liabilities
Mortgage Payable	1,200,000
Total Liabilities	4,843,655	3,411,488
Stockholders' Equity
Preferred Stock Class A - 1,000,000 shares authorized; Par value of $5.00, Non-convertible, Non-Dividend producing; 40,000 & -0- shares outstanding at September 30, 2012 and March 31, 2012, respectively	200,000	200,000
Common Stock - 500,000,000 shares authorized; Par value of $.001 per share; 215,918,394 and 178,183,728 shares issued and outstanding at September 30, 2012 and March 31, 2012, respectively	215,918	178,184
Stock to be issued	92,000	1,752,000
Capital in excess of par value	19,114,489	15,045,042
Deficit accumulated during the development stage	(5,373,609)	(4,710,384)
Total Stockholders' Equity	14,248,798	12,464,842
TOTAL LIABILITIES and STOCKHOLDERS' EQUITY	$ 19,092,453	$ 15,876,330