EXERGETIC ENERGY, INC.

CIK:0001123846|SEC Filings

Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
Consolidated Statements of Operations (USD $)	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
NET REVENUES	$ 0	$ 1,124	$ 463	$ 48,736
OPERATING EXPENSES	37,589	16,166	566,592	91,692
LOSS FROM OPERATIONS	(37,589)	(15,042)	(566,129)	(42,956)
OTHER INCOME (EXPENSES)
Rebates	0	0	1,095	0
Commissions	0	0	1,031	0
Interest expense	(4,130)	0	(19,418)	0
TOTAL OTHER INCOME (EXPENSES)	(4,130)	0	(17,292)	0
LOSS BEFORE PROVISION FOR INCOME TAXES	(41,719)	(15,042)	(583,421)	(42,956)
PROVISION FOR INCOME TAXES	0	0	0	0
NET LOSS	$ (41,719)	$ (15,042)	$ (583,421)	$ (42,956)
NET LOSS PER SHARE: BASIC AND DILUTED	$ 0.00	$ (0.03)	$ (0.05)	$ (0.09)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	14,248,341	473,341	11,894,586	473,341

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
Consolidated Statements of Cash Flows (USD $)	Sep. 30, 2011	Sep. 30, 2010
CASH FLOW FROM OPERATING ACTIVITES
Net loss for the period	$ (583,421)	$ (47,036)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation and amortization	9,678	43,710
Common stock issued for services	480,750	0
Changes in assets and liablities:
(Increase) decrease in accounts receivable	(143)	7,800
Increase (decrease) in accounts payable	1,181	(593)
(Decrease) in accrued expenses	(110)	(15,315)
Increase in accrued interest	1,170	0
Increase in due to officer	3,190	2,700
Increase (decrease) in due to related party	0	1,898
Net Cash Used by Operating Activities	(87,705)	(6,836)
CASH FLOW FROM INVESTING ACTIVITES
Purchase of property and equipment	(3,995)
Cash received from merger	25	0
Net Cash Provided by Investing Activities	(3,970)	0
CASH FLOW FROM FINANCING ACTIVITES
Proceeds from sale of common stock	70,500	0
Proceeds from note payable	35,000
Payments on settlement payable	(5,000)
Borrowings on line of credit	0	850
Net Cash Provided by Financing Activities	100,500	850
Net Increase (Decrease) in Cash	8,825	(5,986)
CASH, Beginning of Period	1,304	7,314
CASH, End of Period	10,129	1,328
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	8,239	0
Cash paid for income taxes	0	0
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING INFORMATION:
Land acquired in merger	10	0
Accounts payable reduced through intercompany payment	4,500	0
Settlement payable issued in exchange for accrued expenses	121,500	0
Merger
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING INFORMATION:
Common stock issued	175	0
Accrued Expenses
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING INFORMATION:
Common stock issued	243,750	0
Officer
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING INFORMATION:
Common stock issued	$ 44,025	$ 0

Consolidated Balance Sheets (USD $)	Sep. 30, 2011	Dec. 31, 2010
Current Assets
Cash and cash equivalents	$ 10,129	$ 1,304
Accounts receivable	143	0
Prepaid interest	4,435	14,113
Total Current Assets	14,707	15,417
Property and equipment, net	3,995	0
Other Assets
Land	10	0
TOTAL ASSETS	18,712	15,417
Current Liabilities
Accounts payable	3,631	8,107
Accrued expenses	78,764	200,374
Accrued interest	5,773	4,603
Leases payable, current portion	266,853	218,221
Due to related party	10	0
Line of credit	52,294	52,294
Settlement payable	116,500	0
Total Current Liabilities	572,783	494,367
Long-Term Liabilities
Leases payable	0	48,632
Total Liabilities	572,783	542,999
Stockholders' Deficit
Common stock	1,424	47
Additional paid in capital	1,246,344	408,872
Treasury stock	175	0
Accumulated deficit	(1,802,014)	(936,501)
Total Stockholders' Deficit	(554,071)	(527,582)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	18,712	15,417
Transaction 01
Current Liabilities
Due to related party	35,000	0
Transaction 02
Current Liabilities
Due to related party	5,768	5,768
Officer
Current Liabilities
Due to officer/shareholders	3,190	0
Shareholders
Current Liabilities
Due to officer/shareholders	$ 5,000	$ 5,000