HITOR GROUP, INC.

CIK:0001224006|SEC Filings

Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended		111 Months Ended
Statements of Operations (Unaudited) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014
Income Statement [Abstract]
Sales				$ 50,000	$ 81,723
Cost of Sales					49,579
Gross Profit				50,000	32,144
Salaries					228,693
Depreciation					22,837
Legal and professional	23,491	25,847	55,735	119,455	1,174,607
Marketing and Advertising	1,546	627	2,560	53,418	458,621
Insurance	105	105	315	315	33,025
Communications	1,375	1,215	3,829	4,843	60,616
Rent	2,000		4,695	4,000	110,949
Inventory impairment					75,968
Other general and administrative	14,717	10,210	31,801	46,012	500,829
Total operating expenses	43,234	38,004	98,935	228,043	2,666,145
(Loss) from operations	(43,234)	(38,004)	(98,935)	(178,043)	(2,634,001)
Interest Income					4,617
Loss on disposition of assets					(35,720)
Interest (expense)	(69,293)	(64,201)	(124,454)	(155,447)	(550,764)
(Loss) before taxes	(112,527)	(102,205)	(223,389)	(333,490)	(3,215,868)
Provision (credit) for taxes on income
Net (loss)	$ (112,527)	$ (102,205)	$ (223,389)	$ (333,490)	$ (3,215,868)
Basic earnings (loss) per common share	$ 0	$ 0	$ 0	$ 0
Weighted average number of shares outstanding	84,572,035	75,514,537	84,572,035	75,514,537

Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended		111 Months Ended
Statements of Cash Flows (Unaudited) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014
Statement of Cash Flows [Abstract]
Net (loss)	$ (223,389)	$ (333,490)	$ (3,215,868)
Common stock issued for services			522,724
Effects of reverse merger with LFG			(8,636)
Depreciation and Amortization			14,553
Interest expense	119,374		119,373
Amortization of bond discount	30,184	78,522	232,800
Loss on sale of assets			12,620
Prepaid expenses		33,242
Deposits			150,000
Accounts payable and accrued expenses	18,766	39,744	227,240
Net cash flows from operating activities	(55,065)	(181,982)	(1,945,194)
Purchase of fixed assets			(14,553)
Net cash flows from investing activities			(14,553)
Proceeds from sale of common stock			1,169,827
Proceeds/(payments) from notes payable	(21,768)	57,335	178,616
Convertible Note Payable	90,500	67,551	615,000
Investment in subsidiary
Advance from Lantz Financial, Inc.			24,500
Net cash flows from financing activities	68,732	124,886	1,987,943
Net cash flows	13,667	(57,096)	28,196
Cash and equivalents, beginning of period	14,529	64,992
Cash and equivalents, end of period	28,196	7,896	28,196
Cash paid for interest
Cash paid for income taxes
Shares issued to settle convertible debenture	$ 30,000	$ 7,286	$ 153,271

Balance Sheets (Unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Cash	$ 28,196	$ 14,529
Prepaid Expenses
Inventory
Total current assets	28,196	14,529
Furniture and Equipment	8,936	8,936
Computer Equipment	5,617	5,617
Leasehold Improvements
Total Fixed Assets	14,553	14,553
Less Accumulated Depreciation	(14,553)	(14,553)
Net Fixed Assets
Investment in HITOR Poland LLC
Goodwill
Total Other Assets
Total assets	28,196	14,529
Current liabilities:
Accounts payable and accrued expenses	225,738	208,474
Convertible Notes Payable	694,293	524,500
Deposit	150,000	150,000
Notes payable	141,135	162,903
Advance from Lantz Financial, Inc.	24,500	24,500
Total current liabilities	1,235,666	1,070,377
Total long-term liabilities
Total liabilities	1,235,666	1,070,377
STOCKHOLDERS' DEFICIT
Common stock, $.001 par value, 150,000,000 authorized, 87,648,683 and 81,505,862 shares issued and outstanding	$ 87,649	$ 81,506
Capital in excess of par value	1,909,709	1,855,126
Stock subscription	11,040
Deficit accumulated during the development stage	(3,215,868)	(2,992,480)
Total stockholders' deficit	(1,207,470)	(1,055,848)
Total liabilities and stockholders' deficit	$ 28,196	$ 14,529