Sanwire Corp

CIK:0001096759|SEC Filings

Nature of Operations and Continuance of Business (Narrative) (Details) (USD $)	Sep. 30, 2013
Nature Of Operations And Continuance Of Business Narrative Details
Working Capital Deficit	$ 2,050,587

Consolidated Statements Of Cash Flows (USD $)	9 Months Ended
Consolidated Statements Of Cash Flows (USD $)	Sep. 30, 2013	Sep. 30, 2012
Operating activities
Net loss for the period	$ (12,052,715)	$ (573,012)
Adjustments to reconcile net loss to net cash used in operating activities:
Accretion of discounts on convertible debt	698,373
Amortization of intangible asset	1,589
Gain on change in fair value of derivative liability	(185,994)
Depreciation of property and equipment	615
Finance cost	35,800
Loss on settlement of accounts payable		385,000
Stock-based compensation	738,024
Write-down of intangible assets	9,970,020
Write off of accounts payable	(42,550)
Changes in operating assets and liabilities:
Accounts receivable	(219,106)	41
Prepaid expenses and deposits	(9,834)
Accounts payable	397,004	161,606
Accrued liabilities	33,707
Due to related parties	276,227
Net cash used in operating activities	(358,840)	(26,365)
Investing activities
Loans receivable	(5,620)
Purchase of property and equipment	766
Cash acquired on purchase of subsidiary	9,696
Net cash provided by investing activities	14,550
Financing activities:
Proceeds from convertible debt	300,000
Proceeds from loans payable	38,937
Proceeds from related parties	7,012	31,622
Net cash provided by financing activities	345,949	31,622
Effect of exchange rate changes on cash		(28)
Change in cash	1,659	5,229
Cash, beginning of period	1,094	1,136
Cash, end of period	2,753	6,365
Non-cash investing and financing activities:
Preferred shares issued for debt		50,000
Shares and warrants issued for the acquisition of Aeronetworks, LLC	1,299,765
Technology intellectual property acquired with convertible debt and share issuance	10,000,300
Gain on extinguishment of related party debt recorded as additional paid-in capital	2,387,957
Supplemental disclosures:
Interest paid
Income taxes paid

Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
Current assets
Cash	$ 2,753	$ 1,094
Accounts receivable	219,107
Loans receivable (Note 6)	18,000
Prepaid expense and deposits	9,834
Total current assets	249,694	1,094
Technology intellectual property (Note 4)	28,691
Property and equipment (Note 5)	1,395
Goodwill	1,352,212
Total assets	1,631,992	1,094
Current liabilities
Accounts payable	823,538	455,083
Accrued liabilities	146,908	113,201
Derivative liability (Note 9)	149,806
Loans payable (Note 7)	658,624	630,624
Due to related parties (Note 10)	521,405	174,222
Total current liabilities	2,300,281	1,373,130
Convertible debt, net of unamortized discount of $2,094,584 (Note 8)	8,290,416
Total liabilities	10,590,697	1,373,130
Stockholders' deficit
Commonl Stock Authorized: 750,000,000 common shares, par value $0.00001 Issued and outstanding: 46,673,147 and 1,151,937 shares, respectively	467	12
Additional paid-in capital	14,142,993	9,408,186
Shares issuable (Note 11)	(60,000)	(60,000)
Deferred compensation (Note 11)	269,216
Accumulated other comprehensive loss	5,776	5,776
Deficit	(22,887,173)	(10,834,458)
Total Stockholders' deficit	(8,958,705)	(1,372,036)
Total liabilities and stockholders' deficit	$ 1,631,992	$ 1,094