ADVANCED TECHNOLOGIES GROUP LTD

CIK:0001119046|SEC Filings

Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
Consolidated Statements of Operations (USD $)	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013	Oct. 31, 2012
General and administrative expenses:
Salaries and benefits	$ 56,000	$ 54,001	$ 140,000	$ 162,000
Consulting	0	11,325	0	11,325
General administration	43,417	46,160	78,695	126,595
Total general & administrative expenses	99,417	111,486	218,695	299,920
Net loss from operations	(99,417)	(111,486)	(218,695)	(299,920)
Other revenues and expenses:
S.E.C. rebate from prior settlement	436,685	0	436,685	0
Interest income	(3)	3	5	18
Net income (loss) before provision for income taxes	337,265	(111,483)	217,995	(299,902)
Provision for income taxes	0	0	0	0
Net income (loss)	$ 337,265	$ (111,483)	$ 217,995	$ (299,902)
Basic & fully diluted net income (loss) per common share:
Net income (loss) per share	$ 0.02	$ (0.01)	$ 0.02	$ 0.00
Weighted average of common shares outstanding:
Basic	14,415,729	18,948,966	14,415,729	18,948,966
Fully diluted	14,415,729	18,948,966	14,415,729	18,948,966

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
Consolidated Statements of Cash Flows (USD $)	Oct. 31, 2013	Oct. 31, 2012
Operating Activities:
Net income (loss)	$ 217,995	$ (299,902)
Adjustments to reconcile net income (loss) items not requiring the use of cash:
Amortization	453	455
Depreciation	435	436
Changes in other operating assets and liabilities :
Accounts payable & accrued expenses	49,000	(394,617)
Net cash used by operations	267,883	(693,628)
Investing activities:
Investment in FX Direct Dealer	5,000	5,000
Proceeds from note receivable	0	956,218
Net cash provided by investing activities	5,000	961,218
Financing Activities:
Advances received (paid) shareholders	0	0
Net cash used by financing activities	0	0
Net increase (decrease) in cash during the year	272,883	267,590
Cash balance at beginning of the year	1,342,513	1,185,519
Cash balance at October 31st	1,615,396	1,453,109
Supplemental disclosures of cash flow information:
Interest paid during the period	0	0
Income taxes paid during the period	$ 0	$ 0

Consolidated Balance Sheets (USD $)	Oct. 31, 2013	Jan. 31, 2013
CURRENT ASSETS:
Cash	$ 1,615,396	$ 1,342,513
Total current assets	1,615,396	1,342,513
Other assets:
Investment in FX Direct Dealer	0	5,000
Trademark- net	4,388	4,841
Fixed assets- net	240	675
Total assets	1,620,024	1,353,029
Current liabilities:
Accounts payable & accrued expenses	299,184	250,184
Total current liabilities	299,184	250,184
Shareholder advance payable	7,796	7,796
Total liabilities	306,980	257,980
Shareholders' equity:
Series A preferred stock, one share convertible to one share of common;non-participating, authorized 1,000,000 shares at stated value of $3 per share, issued and outstanding 50,165 shares at January 31, 2013 and 50,165 at October 31, 2013	111,120	111,120
Series B preferred stock, one share convertible to one share of common;non-participating, authorized 7,000,000 shares at stated value of $3 per share, issued and outstanding 135,496 shares at January 31, 2013 and 135,496 at October 31, 2013	374,865	374,865
Common stock- $.0001 par value, authorized 100,000,000 shares,issued and outstanding, 14,415,729 shares at January 31, 2013 and 14,415,729 at October 31, 2013	1,442	1,442
Additional paid in capital	38,435,638	38,435,638
Accumulated deficit	(37,610,021)	(37,828,016)
Total shareholders' equity	1,313,044	1,095,049
Total Liabilities & Shareholders' Equity	$ 1,620,024	$ 1,353,029