TRAILBLAZER RESOURCES INC.

CIK:0001119807|SEC Filings

Statements of Operations - USD ($)	12 Months Ended
Statements of Operations - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Revenue
Operating expenses:
General and administrative expenses	148,104	90,749
Total operating expenses	148,104	90,749
Loss from operations	(148,104)	(90,749)
Gain/loss on debt extinguishment	(17,180)	38,259
Interest expense	(32,391)	(43,948)
Total nonoperating losses	(49,571)	(5,689)
Loss before income tax benefit	(197,675)	(96,438)
Income tax benefit
Net loss	$ (197,675)	$ (96,438)
Net loss per common share - basic and diluted	$ (0.01)
Weighted average shares outstanding - basic and diluted	25,908,354	28,344,290

Statements of Cash Flows - USD ($)	12 Months Ended
Statements of Cash Flows - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net loss	$ (197,675)	$ (96,438)
Adjustments to reconcile net loss to net cash used in operating activities:
(Gain) loss on extinguishment of debt	17,180	(38,259)
Changes in operating assets and liabilities:
Accounts payable	22,824	13,863
Accrued expenses	32,379	43,948
Net cash used in operating activities	(125,292)	(76,886)
Cash flows from investing activities:
Net cash used in investing activities
Cash flows from financing activities:
Increase (decrease) in advances from shareholders, net		17,500
Increase in short-term notes payable		46,000
Payments on note payable to shareholder		(25,213)
Increase in short-term notes payable, shareholder	124,943	36,638
Net cash provided by financing activities	124,943	74,925
Net decrease in cash and cash equivalents	(349)	(1,961)
Cash and cash equivalents:
Beginning of period	349	2,310
End of period		349
Supplemental cash flow information:
Cash paid during the period for interest
Non-cash investing and financing activities:
Conversion of common stock and accrued interest into common stock		$ 174,453

Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash		$ 349
Total current assets		349
Total assets	0	349
Current liabilities:
Convertible notes payable	400,000	400,000
Accounts payable	59,260	36,436
Note payable	648,443	523,500
Advances from shareholders	344,562	344,562
Note payable to shareholder	26,688	26,688
Accrued expenses	238,864	239,527
Total current liabilities	1,717,817	1,570,713
Revolving convertible note, shareholder
Total liabilities	1,717,817	1,570,713
Stockholders' deficit:
Common stock - $.001 par value; 100,000,000 shares authorized, 25,052,288 and 28,344,290 shares issued and outstanding at December 31, 2017 and 2016, respectively	25,052	28,344
Common stock payable		136,194
Additional paid-in capital	23,526,497	23,336,789
Accumulated deficit	(25,269,366)	(25,071,691)
Total stockholders' deficit	(1,717,817)	(1,570,364)
Total liabilities and stockholders' deficit	$ 0	$ 349