ESSENTIAL INNOVATIONS TECHNOLOGY CORP
CIK:0001250897|SEC Filings
Statements of Operations - USD ($) |
3 Months Ended | |
|---|---|---|
Jan. 31, 2016 |
Jan. 31, 2015 |
|
| Income Statement [Abstract] | ||
| Revenue | $ 0 | $ 0 |
| Expenses: | ||
| General and administrative | 72,706 | 36,901 |
| Total operating expenses | 72,706 | 36,901 |
| Loss from operations | (72,706) | (36,901) |
| Interest expense | 0 | (6,385) |
| Net Loss | $ (72,706) | $ (43,286) |
| Net loss per share | ||
| Basic and diluted net loss per share | $ (0.00) | $ (0.00) |
| Weighted average number of shares outstanding | ||
| Basic and diluted | 42,727,445 | 24,352,445 |
Statements of Cash Flows - USD ($) |
3 Months Ended | |
|---|---|---|
Jan. 31, 2016 |
Jan. 31, 2015 |
|
| Cash flows from operating activities: | ||
| Net loss | $ (72,706) | $ (43,286) |
| Adjustments to reconcile net loss for the period to net cash used in operating activities: | ||
| Depreciation | 128 | 0 |
| Changes in assets and liabilities: | ||
| Accounts payable | 1,038 | (4,283) |
| Accrued expenses | 6,000 | 0 |
| Accrued compensation | 32,444 | 30,000 |
| Net cash (used) in operating activities | (33,096) | (17,569) |
| Cash provided (used) by financing activities: | ||
| Advances from stockholders, net | 21,196 | 58,007 |
| Net cash provided by financing activities | 21,196 | 58,007 |
| Increase (decrease) in cash during the period | (11,900) | 40,438 |
| Cash at beginning of the period | 11,972 | 134 |
| Cash at end of the period | 72 | 40,572 |
| Supplementary Information: | ||
| Cash paid for: Income taxes | 0 | 0 |
| Cash paid for: Interest | $ 0 | $ 0 |