Golden Gate Partners, Inc.
CIK:0001328208|SEC Filings
|
STATEMENTS OF INCOME (UNAUDITED) (USD $)
|
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Brokerage and Fee Income | $ 121,613 | $ 1,082 | $ 144,651 | $ 18,184 |
| Operating Expenses: | ||||
| General & Administrative | 349,605 | 7,900 | 482,835 | 31,077 |
| Net operating income (loss) | (227,992) | (6,818) | (338,184) | (12,893) |
| Other income (expense): | ||||
| Total Other income | 0 | 0 | 0 | 0 |
| Net income (loss) | (227,992) | (6,818) | (338,184) | (12,893) |
| Income tax expense (benefit) | $ 0 | $ 0 | $ 0 | $ 0 |
| Earnings (loss) per common share Basic & Diluted (in Dollars per share) | $ (0.06) | $ 0.00 | $ (0.09) | $ 0.00 |
| Weighted average number of common shares outstanding Basic & Diluted (in Shares) | 3,837,688 | 3,837,688 | 3,837,688 | 3,837,688 |
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STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
|
9 Months Ended | |
|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income (loss) | $ (338,184) | $ (12,893) |
| Change in: | ||
| Other current assets and prepaid expenses | 6,060 | 0 |
| Accounts payable and accrued expenses | 25,590 | (11,155) |
| Deferred Revenue | 80,000 | 0 |
| Net cash used in operating activities | (226,534) | (24,048) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Loans made to buyers | (34,900) | 0 |
| Repayment on rental guarantee advances | (2,258) | 10,493 |
| Net cash provided by (used in) investing activities | (37,158) | 10,493 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Contributed capital | 232,500 | 0 |
| Net cash provided by financing activities | 232,500 | 0 |
| Net change in cash | (31,192) | (13,555) |
| Cash at beginning of period | 34,854 | 45,120 |
| Cash at end of period | 3,662 | 31,565 |
| Supplemental disclosures: | ||
| Cash paid for interest | 0 | 0 |
| Cash paid for income taxes | $ 0 | $ 0 |
|
BALANCE SHEETS (UNAUDITED) (USD $)
|
Sep. 30, 2013
|
Dec. 31, 2012
|
|---|---|---|
| Current assets: | ||
| Cash | $ 3,662 | $ 34,854 |
| Rental guarantee advances | 8,310 | 6,052 |
| Investment in House Mortgage | 34,900 | 0 |
| Prepaid Expenses and other current assets | 6,060 | |
| Total Assets | 46,872 | 46,966 |
| Current liabilities: | ||
| Accounts payable and accrued expenses | 14,015 | 15,899 |
| Guarantee accrued expenses and other liabilities | 27,474 | 0 |
| Deferred revenue | 80,000 | 0 |
| Total liabilities | 121,489 | 15,899 |
| Stockholders' equity | ||
| Preferred stock, $0.0001 par value, 1,000,000 shares authorized, 0 issued and outstanding | 0 | 0 |
| Common stock, $0.0001 par value, 600,000,000 shares authorized, 3,837,688 shares issued and outstanding as of September 30, 2013 and December 31, 2012 | 384 | 384 |
| Paid-in capital | 2,874,197 | 2,641,697 |
| Accumulated deficit | (2,949,198) | (2,611,014) |
| Total Stockholders' equity (deficit) | (74,617) | 31,067 |
| Total Liabilities and Stockholders' equity (deficit) | $ 46,872 | $ 46,966 |