Andover Holdings, Inc./FL

CIK:0001126533|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended		147 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011
Income Statement [Abstract]
Revenue
Operating expenses	42,156	38,337	106,148	44,739	3,888,816
Operating (Loss)	(42,156)	(38,337)	(106,148)	(44,739)	(3,888,816)
Other income (expense)
Cancellation of debt pursuant to agreement rescission					130,000
Cancellation of accounts payable			96,029		96,029
Interest (expense)	(9,201)	(10,132)	(24,451)	(26,167)	(149,973)
(Loss) Before Provision for Income Taxes	(51,357)	(48,469)	(34,570)	(70,906)	(3,812,760)
Income Taxes
Net (Loss)	$ (51,357)	$ (48,469)	$ (34,570)	$ (70,906)	$ (3,812,760)
Net (Loss) Per Common Share - Basic and Diluted
Weighted Average Shares of Common Stock Outstanding	31,110,580	31,110,580	31,110,580	31,110,580

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended		147 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (Loss)	$ (34,570)	$ (70,906)	$ (3,812,760)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation			2,885
Stock based compensation			1,405,600
Stock issued for liabilities			122,845
Cancellation of debt pursuant to agreement rescission			(130,000)
Stock and note issued for purchased R & D			161,250
Accumulated loss of acquisition			8,711
Changes in operating assets and liabilities:
Accounts payable and accrued expenses	(81,303)	6,403	116,082
Accounts payable and accrued expenses-related parties	17,725	14,764	736,559
Net cash used in operating activities	(98,148)	(49,739)	(1,388,828)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment			(2,885)
Net cash used in investing activities			(2,885)
CASH FLOWS FROM FINANCING ACTIVITIES:
Loans payable proceeds, related parties			321,594
Loans payable repayments, related parties			(183,483)
Proceeds from loans payable	53,000	150,000	330,500
Proceeds from sale of common stock			935,048
Net cash provided by financing activities	53,000	150,000	1,403,659
Net increase (decrease) in cash	(45,148)	100,261	11,946
Cash and equivalents, beginning of period	57,094
Cash and equivalents, end of period	11,946	100,261	11,946
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Payment of taxes
Payment of interest			10,120
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Stock Issued for Services			1,405,600
Contribution of debt by shareholder			370,222
Stock Issued for Acquisition of Timber Property, Inc.			8,711
Stock Issued for Purchased R & D			$ 31,250

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2011	Dec. 31, 2010
ASSETS
Cash	$ 11,946	$ 57,094
Total current assets	11,946	57,094
Total assets	11,946	57,094
LIABILITIES AND STOCKHOLDERS' (DEFICIT)
Accounts payable and accrued expenses	108,083	189,386
Accounts payable and accrued expenses, related parties	312,054	294,329
Loans payable	330,500	277,500
Loans payable- related parties	185,869	185,869
Total current liabilities	936,506	947,084
Total liabilities	936,506	947,084
Stockholders' (deficit):
Preferred stock, $0.001 par value; 20,000,000 shares authorized; none issued and outstanding
Common stock, $0.001 par value, 50,000,000 shares authorized; 31,110,580 shares issued and outstanding, respectively	31,111	31,111
Additional paid-in capital	2,857,089	2,857,089
Deficit accumulated during the development stage	(3,812,760)	(3,778,190)
Total stockholders' (deficit)	(924,560)	(889,990)
Total liabilities and stockholders' (deficit)	$ 11,946	$ 57,094