Wild Craze, Inc.

CIK:0001245841|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Statement [Abstract]
Sales	$ 231,523		$ 514,756	$ 2
Cost of sales	48,408		167,550	1
Gross Profit	183,115		347,206	1
Selling, general and administrative expenses	1,144,225	110,592	3,541,692	275,871
Loss from operations	(961,110)	(110,592)	(3,194,486)	(275,870)
Other income (expense):
Interest income	319		513
Interest expense	(38,088)	(4,593)	(103,450)	(12,056)
Interest expense - discount on notes	(85,184)		(85,184)
Change in fair value of derivative liabilities	42,548		42,548
Derivative expense	(171,471)		(171,471)
Gain on disposition of vehicle			3,000
Total other income (expense)	(251,876)	(4,593)	(314,044)	(12,056)
Net loss	$ (1,212,986)	$ (115,185)	$ (3,508,530)	$ (287,926)
Net loss per common share - basic and diluted	$ (0.04)	$ 0.00	$ (0.11)	$ (0.01)
Weighted average common shares outstanding - basic and diluted	32,761,825	26,123,760	31,787,892	26,123,760

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash Flows From Operating Activities:
Net loss	$ (3,508,530)	$ (287,926)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization	33,068
Bad debt	8,439
Stock based compensation	2,465,792
Amortization of debt discount	85,184
Amortization of debt issuance costs	53,436
Derivative liability recognized as interest expense	171,471
Change in fair value of derivative liabilities	(42,548)
(Increase) decrease in:
Accounts receivable	(47,340)
Prepaid and other	(15,309)
Inventory	(15,656)	(11,296)
Increase (decrease) in:
Accounts payable and accrued liabilities	335,461	59,930
Net Cash Used In Operating Activities	(476,532)	(239,292)
Cash Flows From Investing Activities:
Related party loans repaid		30,525
Purchase of property and equipment	(6,500)
Cash paid in asset acquisition	(100,000)
Cash acquired through asset acquisition	504
Principal payments received on notes receivable	3,291
Net Cash Provided by (Used In) Investing Activities	(102,705)	30,525
Cash Flows From Financing Activities:
Repayment of loan payable	(20,000)
Proceeds from related party loans	338,088	111,182
Proceeds from convertible notes - related party		146,759
Repayment of related party loans		(46,759)
Proceeds from convertible notes	431,000
Debt issue costs paid in cash	(47,600)
Repayment of convertible notes	(16,650)
Net Cash Provided By Financing Activities	684,838	211,182
Net change in cash	105,601	2,415
Cash at beginning of period	12,772	1,066
Cash at end of period	118,373	3,481
Supplemental disclosures of cash flow information:
Cash paid for interest	6,346
Cash paid for taxes
Supplemental disclosure of non-cash investing and financing activities:
Related party loan payable converted into related party convertible note		5,500
652,500 shares common stock issued to settle vendor liabilities	32,830
100,000 shares common stock issued for financing arrangement	43,000
352,941 shares common stock issued for debt issuance	90,000
Reclassification of derivative liability to additional paid in capital	4,030
Debt discount recorded on convertible debt accounted for as derivative liabilities	284,703
Assets acquired and liabilities assumed through assets acquisition as follows:
Accounts receivable	71,319
Inventory	194,077
Equipment	59,310
Goodwill	1,585,142
Intangible assets	723,835
Note receivable	14,263
Accounts payable	31,633
Note payable	200,000
Contingent stock	$ 396,816

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
Current Assets
Cash	$ 118,373	$ 12,772
Accounts receivable, net	110,220
Inventory	221,491	11,758
Prepaid expenses	50,381	10,000
Security deposits	1,482
Current portion - note receivable	6,058
Other current assets	13,827
Debt issue costs, net	84,164
Total Current Assets	605,996	34,530
Property and Equipment, net	54,033
Other Assets
Goodwill	1,585,142
Intangible assets, net	702,544
Note receivable	4,914
Deferred financing costs, net	43,000
Total Other Assets	2,335,600
Total Assets	2,995,629	34,530
Current Liabilities:
Accounts payable and accrued liabilites	545,492	139,046
Liability to be settled in stock	70,966	10,146
Loan payable		20,000
Loans payable - related parties	775,106	237,018
Convertible notes payable, net of debt discount	214,831
Derivative liability -convertible notes payable	409,596
Convertible notes payable -related party	152,259	152,259
Total Current Liabilities	2,168,250	558,469
Other Liabilities:
Contingent stock	396,816
Total Liabilities	2,565,066	558,469
Stockholders' Equity (Deficit)
Series A, preferred stock, $0.001 par value; 51 shares authorized, 51 and 0 shares issued and outstanding, respectively
Undesignated preferred stock, $0.001 par value; 49,999,949 shares authorized; none issued or outstanding
Common stock, $0.001 par value; 500,000,000 shares authorized; 32,920,201 and 26,123,760 shares issued and outstanding, respectively	32,920	26,124
Additional paid in capital	4,522,917	66,681
Accumulated deficit	(4,125,274)	(616,744)
Total Stockholders' Equity (Deficit)	430,563	(523,939)
Total Liabilities and Stockholders' Equity (Deficit)	$ 2,995,629	$ 34,530