CREATIVE VISTAS INC

CIK:0001113524|SEC Filings

Summary of Accounting Policies (Revenues and Income from Operations Reported as Discontinued Operations)(Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Sep. 16, 2011 Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Service revenue	$ 317,100	$ 334,549	$ 1,087,417	$ 1,058,045	$ 21,702,141
Cost of sales	107,994	141,898	431,828	507,695	17,611,414
General and administrative expenses	359,240	737,690	1,135,145	1,610,685	1,540,620
Depreciation expense	9,637	12,917	29,117	53,971	1,178,659
Amortization of intangible assets					23,355
Costs and Expenses, Total	1,514,974	2,002,884	4,526,392	6,342,787	20,354,048
Income from operations	(238,699)	(531,588)	(406,388)	(424,967)	1,348,093
Net financing expenses	37,555	120,852	121,212	473,632	911,388
Amortization of deferred charges				2,179	134,137
Foreign currency transaction (gains)	(61,928)	121,920	(62,235)	83,571	(148,930)
Nonoperating (Income) Expense, Total	(24,373)	242,772	58,977	559,382	896,595
Income from discontinued operations, net of income tax		247,845		451,498	451,498
Gain on disposal of discontinued operations, net of income taxes		12,173,023		12,173,023	12,173,023
Income from discontinued operations		$ 12,420,868		$ 12,624,521	$ 12,624,521

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
Condensed Consolidated Statements of Cash Flows (USD $)	Sep. 30, 2012	Sep. 30, 2011
Operating activities
Net cash used in operating activities	$ (127,696)	$ (295,258)
Investing activities
Purchase of property and equipment	(3,622)	(4,692)
Financing activities
Proceeds (repayments) from bank indebtedness	313,302	(260,664)
Repayment of term notes		(66,667)
Net cash provided by financing activities	313,302	(327,331)
Effect of foreign exchange rate changes in cash	(8,761)	38,840
Net change in cash and cash equivalents	173,223	(588,441)
Cash and cash equivalents, beginning of period	906,982	1,779,345
Cash and cash equivalents, end of period	$ 1,080,205	$ 1,190,904

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2012	Dec. 31, 2011
Current Assets
Cash and bank balances	$ 1,080,205	$ 906,982
Accounts receivable, net of allowance for doubtful accounts $96,146 (2011 -$117,392)	867,240	895,193
Income tax recoverable	183,673	235,294
Inventory, net	373,359	374,997
Prepaid expenses	29,594	8,205
Total current assets	2,534,071	2,420,671
Property and equipment, net of depreciation	721,365	718,155
Deposits	20,409	19,608
Deferred income taxes	37,666	37,203
Total assets	3,313,511	3,195,637
Current Liabilities
Bank indebtedness	321,183
Accounts payable and accrued liabilities	1,564,095	1,257,343
Deferred income	78,357	60,810
Deferred income taxes	25,858	25,858
Term note payable	1,548,207	1,548,207
Total current liabilities	3,537,700	2,892,218
Notes payable to related parties	1,500,000	1,500,000
Due to related parties	235,581	226,343
Total liabilities	5,273,281	4,618,561
Share capital
Preferred stock no par value, 50,000,000 shares authorized, none issued or outstanding
Common stock, no par value; 100,000,000 shares authorized 37,488,714 shares issued and outstanding at September 30, 2012 and December 31, 2011	6,555,754	6,555,754
Additional paid-in capital	14,338,226	14,338,226
Accumulated (deficit)	(22,487,148)	(22,021,782)
Accumulated other comprehensive (loss)	(366,602)	(295,122)
Total stockholders' (deficiency)	(1,959,770)	(1,422,924)
Total liabilities and stockholders' (deficiency)	$ 3,313,511	$ 3,195,637