NUGL, INC.

CIK:0001096768|SEC Filings

Statements of Operations (USD $)	3 Months Ended		9 Months Ended
Statements of Operations (USD $)	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Revenues
Cost of Sales
Gross Profit
OPERATING EXPENSES
General and Administrative	19,187	37,796	62,518	109,186
OTHER INCOME / (EXPENSES)
Gain on debt forgiveness				487,783
Interest Expense	(3,949)	(844)	(8,686)	(19,940)
NET INCOME (LOSS)	$ (23,136)	$ (38,640)	$ (71,204)	$ 358,657
Basic and Diluted Net Income (Loss) Per Common Share
Weighted Average Number of Shares Outstanding	400,207,154	400,207,154	400,207,154	400,207,154

Statements of Cash Flows (USD $)	9 Months Ended
Statements of Cash Flows (USD $)	Sep. 30, 2012	Sep. 30, 2011
Cash Flows From Operating Activities
Net Loss	$ (71,204)	$ 358,657
Adjustments to reconcile net loss to net cash used in operating activities:
Gain on debt forgiveness		(487,783)
Discount accretion on note		178
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	(32,022)	66,957
Notes payable to officer	121,628	60,054
Net cash provided by (used in) operating activities	18,402	(1,937)
Cash Flows From Investing Activities:
Net cash provided by (used in) investing activities
Cash Flows From Financing Activities:
Net cash provided by financing activities
Net Change in Cash	18,402	(1,937)
Cash Beginning of Period	145	3,945
Cash End of Period	18,547	2,008
Cash paid for:
Interest
Income Taxes
Supplemental disclosures of non-cash financing activity:
Retired Preferred Stock, Series A, Series B and Series C		(2,500)
Issued Common Stock		40,000
Additional Paid in Capital related party Terminus transactions		$ 376,644

Balance Sheets (USD $)	Sep. 30, 2012	Dec. 31, 2011
CURRENT ASSETS
Cash and cash equivalents	$ 18,547	$ 145
Total current assets	18,547	145
PROPERTY -- HELD FOR SALE	1,000	1,000
TOTAL ASSETS	19,547	1,145
CURRENT LIABILITIES
Accounts Payable and Accrued Liabilities	11,663	43,685
Notes Payable - Officer	208,860	87,232
Total current liabilities	220,523	130,917
TOTAL LIABILITIES	220,523	130,917
STOCKHOLDERS’ DEFICIT
Common Stock, $0.0001 par value, 4,000,000,000 shares authorized, 400,201,154 shares issued and outstanding and Common Stock B, $0.0001 par value 150,000,000 authorized, 6,000 issued and outstanding	40,020	40,020
Additional Paid in Capital	38,471,136	38,471,136
Accumulated deficit	(38,712,133)	(38,640,929)
Total Stockholders’ Deficit	(200,976)	(129,772)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	19,547	1,145
Class B Common Stock [Member]
STOCKHOLDERS’ DEFICIT
Common Stock, $0.0001 par value, 4,000,000,000 shares authorized, 400,201,154 shares issued and outstanding and Common Stock B, $0.0001 par value 150,000,000 authorized, 6,000 issued and outstanding	$ 1	$ 1