ASIA GLOBAL HOLDINGS CORP.

CIK:0001171689|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	3 Months Ended		9 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Revenues, net	$ 0	$ 32,513	$ 0	$ 32,513
Cost of revenue	0	(15,000)	0	(15,000)
Gross profit	0	17,513	0	17,513
Operating expenses:
Selling, general and administrative	(60,131)	(17,182)	(88,772)	(58,549)
(Loss) income before income taxes	(60,131)	331	(88,772)	(41,036)
Income tax credit	3,149	0	3,149	0
NET (LOSS) INCOME	$ (56,982)	$ 331	$ (85,623)	$ (41,036)
Net (loss) income per share - Basic and diluted (in dollars per share)	$ 0	$ 0	$ 0	$ 0
Weighted average common shares outstanding - Basic and diluted (in shares)	242,138,400	242,138,400	242,138,400	242,138,400

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Jun. 30, 2011	Jun. 30, 2010
Cash flows from operating activities:
Net loss	$ (85,623)	$ (41,036)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	144	216
Changes in operating assets and liabilities:
Accounts receivable	20,513	25,179
Accounts payable and accrued liabilities	57,126	11,353
Income tax payable	(3,148)	0
Net cash used in operating activities	(10,988)	(4,288)
Cash flows from investing activities:
Purchase of plant and equipment	0	(396)
Net cash used in investing activities	0	(396)
Cash flows from financing activities:
(Repayment to) advances from a director	(39,331)	46,076
Net cash provided by financing activities	(39,331)	46,076
NET CHANGE IN CASH AND CASH EQUIVALENTS	(50,319)	41,392
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	50,320	1,001
CASH AND CASH EQUIVALENTS, END OF PERIOD	1	42,393
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for income taxes	0	0
Cash paid for interest	$ 0	$ 0

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2011	Sep. 30, 2010
ASSETS
Cash and cash equivalents	$ 1	$ 50,320
Accounts receivable	0	20,513
Total current assets	1	70,833
Non-current assets:
Plant and equipment, net	982	1,126
TOTAL ASSETS	983	71,959
LIABILITIES ANDSTOCKHOLDERS' DEFICIT
Accounts payable and accrued liabilities	117,447	60,321
Income tax payable	0	3,148
Amount due to a director	81,858	69,907
Amount due to a stockholder	0	51,282
Total current liabilities	199,305	184,658
Commitments and contingencies
Stockholders' deficit:
Series A, convertible preferred stock, $0.001 par value; 500,000 shares authorized; 0 and 250,000 shares issued and outstanding shares, as of June 30, 2011 and September 30, 2010	0	250
Common stock, $0.001 par value; 300,000,000 shares authorized; 292,138,400 and 242,138,400 shares issued and outstanding, as of June 30, 2011 and September 30, 2010	292,138	242,138
Accumulated deficit	(490,460)	(355,087)
Total stockholders' deficit	(198,322)	(112,699)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 983	$ 71,959