Vapor Group, Inc.

CIK:0001315718|SEC Filings

CONSOLIDATED STATEMENT OF OPERATIONS (USD $)	12 Months Ended
CONSOLIDATED STATEMENT OF OPERATIONS (USD $)	Dec. 31, 2014	Dec. 31, 2013
Consolidated Statement Of Operations
NET REVENUES	$ 4,481,839us-gaap_Revenues	$ 1,991,023us-gaap_Revenues
COST OF REVENUES	1,423,422us-gaap_CostOfGoodsSold	866,750us-gaap_CostOfGoodsSold
GROSS PROFIT	3,058,417us-gaap_GrossProfit	1,124,273us-gaap_GrossProfit
COST AND EXPENSES
Advertising and promotion	740,449us-gaap_MarketingAndAdvertisingExpense	67,947us-gaap_MarketingAndAdvertisingExpense
Commissions	491,700us-gaap_SalesCommissionsAndFees	45,054us-gaap_SalesCommissionsAndFees
Officers Compensation		150,000us-gaap_OfficersCompensation
Professional fees	303,717us-gaap_ProfessionalFees	95,778us-gaap_ProfessionalFees
General and administrative expenses	2,262,920us-gaap_GeneralAndAdministrativeExpense	497,880us-gaap_GeneralAndAdministrativeExpense
Total cost and expense	3,798,786us-gaap_OperatingExpenses	856,659us-gaap_OperatingExpenses
(Loss) from continuing operations	(740,369)	267,614
OTHER INCOME(EXPENSE)
Interest expense	(64,459)us-gaap_InterestExpense	(105,894)us-gaap_InterestExpense
Total other income and (expense)	(64,459)us-gaap_OtherNonoperatingIncomeExpense	(105,894)us-gaap_OtherNonoperatingIncomeExpense
Net Income	$ (804,828)us-gaap_NetIncomeLoss	$ 161,720us-gaap_NetIncomeLoss
Earnings (loss) per share - Basic
Weighted average number of shares outstanding		50,451

CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)	12 Months Ended
CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)	Dec. 31, 2014	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (804,828)us-gaap_NetIncomeLoss	$ 161,720us-gaap_NetIncomeLoss
Adjustments to reconcile increase(decrease) in net assets to cash provided by operating activities:
Common stock issued for services		50,351
Depreciation		4,338us-gaap_Depreciation
Changes in operating assets and liabilities:
Inventories	(856,947)us-gaap_IncreaseDecreaseInInventories	40,654us-gaap_IncreaseDecreaseInInventories
Accounts Receivable	(153,135)	(104,856)
Other assets	(671,134)	(308,603)
Accounts payables	63,829	(77,917)
Payroll tax payable	76,819
Sales tax payable	1,196VPOR_IncreaseDecreaseInSalesTaxPayable	9,197VPOR_IncreaseDecreaseInSalesTaxPayable
Deferred expenses		(87,896)
Accrued interest	157,376	76,445
NET CASH USED IN OPERATING ACTIVITIES	(2,186,824)	(236,567)
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for property and equipment	(59,515)	(6,367)
Net cash provided by investing activities	(59,515)	(6,367)
CASH FLOWS FROM FINANCING ACTIVITIES:
Loan to shareholder	164,194VPOR_LoanToShareholder1	(248,626)VPOR_LoanToShareholder1
Proceeds from sale of common stock
Proceeds from convertible notes	2,834,265us-gaap_ProceedsFromConvertibleDebt	94,800us-gaap_ProceedsFromConvertibleDebt
Payments on loans payable loans payable	(435,244)	437,910
Net cash used in provided by financing activities	2,563,215	284,084
NET DECREASE IN CASH AND CASH EQUIVALENTS	316,876us-gaap_CashPeriodIncreaseDecrease	41,150us-gaap_CashPeriodIncreaseDecrease
CASH - BEGINNING OF YEAR	48,177us-gaap_Cash	7,027us-gaap_Cash
CASH - END OF YEAR	365,053us-gaap_Cash	48,177us-gaap_Cash
Supplemental disclosure of cash flow information
Cash paid for income taxes
Cash paid for interest
Non-Cash Financing Activities
Stock issued for payment of debt

CONSOLIDATED BALANCE SHEET (USD $)	Dec. 31, 2014	Dec. 31, 2013
CURRENT ASSETS
Cash	$ 413,230	$ 48,177
Accounts receivable	257,991us-gaap_AccountsReceivableNetCurrent	104,856us-gaap_AccountsReceivableNetCurrent
Loan to shareholder		282,872VPOR_LoanToShareholder
Inventory	1,006,679us-gaap_InventoryNet	149,732us-gaap_InventoryNet
Other Current Assets	1,423,133us-gaap_OtherAssetsCurrent	358,483us-gaap_OtherAssetsCurrent
Total Current Assets	3,101,033us-gaap_AssetsCurrent	944,120us-gaap_AssetsCurrent
Property, plant and equipment, net	75,569us-gaap_PropertyPlantAndEquipmentGross	16,054us-gaap_PropertyPlantAndEquipmentGross
OTHER ASSETS
Intangible assets, net	15,000us-gaap_OtherIntangibleAssetsNet	975us-gaap_OtherIntangibleAssetsNet
Deferred expenses	79	87,896
Total other assets	15,079us-gaap_OtherAssets	88,871us-gaap_OtherAssets
TOTAL ASSETS	3,191,681us-gaap_Assets	1,049,045us-gaap_Assets
CURRENT LIABILITIES
Accounts payable	63,829us-gaap_AccountsPayableCurrent
Accrued interest	245,751us-gaap_AccruedLiabilitiesCurrent	88,375us-gaap_AccruedLiabilitiesCurrent
Convertible notes payable	3,153,792us-gaap_ConvertibleNotesPayableCurrent	319,527us-gaap_ConvertibleNotesPayableCurrent
Loans payable	2,666us-gaap_LoansPayable	437,910us-gaap_LoansPayable
Payroll taxes payable	76,819us-gaap_AccruedPayrollTaxesCurrent
Sales tax payable	10,393us-gaap_SalesAndExciseTaxPayableCurrent	9,197us-gaap_SalesAndExciseTaxPayableCurrent
TOTAL CURRENT LIABILITIES	3,553,250us-gaap_LiabilitiesCurrent	855,009us-gaap_LiabilitiesCurrent
TOTAL LIABILITIES	3,553,250us-gaap_Liabilities	855,009us-gaap_Liabilities
STOCKHOLDERS' DEFICIT
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding
Common stock, $0.0001 par value, 2,500,000,000 shares authorized, 50,451,000 and 100,000 issued and outstanding at December 31, 2014 and 2013 respectively,	927,967us-gaap_CommonStockValue	50,451us-gaap_CommonStockValue
Adiditional Paid-in-Capital	(808,148)us-gaap_AdditionalPaidInCapital
Retained earnings(accumulated deficit)	(481,388)	373,891
TOTAL STOCKHOLDERS' DEFICIT	(361,569)us-gaap_StockholdersEquity	424,342us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 3,191,681	$ 1,279,351