CIRQUE ENERGY, INC.

CIK:0001343979|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Sales
Cost of sales
Gross profit
Bank service charges	$ 712	$ 1,105	$ 3,578	$ 3,589
Development projects	135	12,534	972	79,214
Office and miscellaneous	17,078	9,336	46,648	46,292
Executive and directors' compensation	198,746	282,204	706,357	717,073
Professional fees	138,831	30,794	333,069	159,703
Investor relations	3,995	1,429	15,344	98,026
Travel	$ 4,820	5,311	$ 41,868	$ 37,666
Forfeiture of deposit on landfill
Property taxes				$ 14,960
Other financing costs				346,250
Total operating expense	$ 364,317	342,713	$ 1,147,836	1,502,773
Operating loss	$ (364,317)	$ (342,713)	$ (1,147,836)	(1,502,773)
Other income (expense)
Gain on sale of assets				2,078
Amortization of debt discount	$ (43,742)	$ (193,734)	$ (262,847)	(735,142)
Derivative expense	$ (62,316)		$ (135,215)	(191,921)
Gain (loss) on settlement of debt				(171,564)
Loss on settlement of promissory convertible notes	$ (137,203)		$ (625,616)	(324,082)
Gain (loss) on derivative liability	(653,623)	$ 53,118	(53,908)	730,200
Interest expense	(53,792)	(124,837)	(173,699)	(392,611)
Total other income (expense)	(950,676)	(265,453)	(1,251,285)	(1,083,042)
Net loss	$ (1,314,993)	$ (608,166)	$ (2,399,121)	$ (2,585,815)
Net loss per common share	$ (0.004)	$ (0.003)	$ (0.012)	$ (0.014)
Weighted average common shares outstanding	337,351,637	194,474,851	195,746,809	180,494,661

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating Activities Cash flows from operating activities
Net loss	$ (2,399,121)	$ (2,585,815)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	712	878
Salary costs-options	8,833	2,944
Addition to convertible promissory notes for default	22,405	211,722
Amortization of debt discount	$ 262,847	735,142
Issuance of common stock for services		339,500
Issuance of common stock for executive and director compensation	$ 286,875	$ 158,692
Issuance of preferred stock for executive and director compensation	$ 167,792
Loss on settlement of debt		$ 171,564
Gain (loss) on settlement of convertible promissory notes	$ (625,616)	324,082
Derivative expense	135,215	191,921
Loss (gain) on derivatives	$ 53,908	(730,200)
Gain on sale of land		(2,078)
Conversion of convertible notes payable	$ 1,333,970
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	191,504	$ 128,512
Accrued Interest	72,627
Accrued salaries and wages	90,396	$ 32,915
Accounts payable-related parties	14
Cash used in operating activities	$ (397,639)	$ (1,020,221)
Investing Activities
Proceeds from sales of land		$ 5,000
Proceeds from sale of furniture	$ 2,002
Purchase of equipment		$ (4,581)
Cash used in investing activities	$ 2,002	$ 419
Financing Activities
Payment of bank overdraft	(15)
Stock payable	195,000	$ 508,625
Proceeds from issuance of preferred stock	125,000
Preferred stock issued to pay stock payable	(195,000)
Proceeds from convertible promissory notes	267,500	$ 500,188
Proceeds from promissory notes	3,000	75,000
Proceeds from related party	$ 1,000	2,900
Payoff of convertible promissory notes		(75,531)
Cash provided by financing activities	$ 396,485	1,011,182
Increase in cash	$ 848	(8,620)
Cash, beginning of period		8,841
Cash, end of period	$ 848	$ 221
Supplemental disclosures of cash flow information:
Interest
Income tax
Non-cash investing and financing activities:
Shares issued for settlement of convertible notes payable	$ 1,333,970	$ 529,893
Preferred Class B shares issued to settle stock payable	195,000	$ 381,930
Preferred Class B shares issued to settle accrued payroll	$ 167,792
Preferred Class C shares issued to settle stock payable		$ 204,850
Convertible notes issued to settle notes payable		$ 128,500

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets
Cash	$ 848
Total current assets	$ 848
Land
Equipment, net	$ 1,434	$ 4,148
Total Assets	$ 2,282	4,148
Current liabilities
Bank overdraft		15
Accounts and other payables	$ 738,664	547,160
Accounts and other payables - related party	9,043	8,029
Accrued salaries and wages - related party	547,402	457,006
Accrued interest	240,798	131,838
Notes payable	364,673	361,673
Convertible notes - (net of $154,708 and $152,101 unamortized discount)	918,288	1,034,502
Derivative liability	1,701,325	1,246,748
Total current liabilities	4,520,193	3,786,971
Total Liabilities	4,520,193	3,786,971
Stockholders' Deficit
Common stock, par value $0.001, 900,000,000 shares authorized, 343,180,130 and 192,532,405 shares outstanding at September 30, 2015 and December 31, 2014, respectively	343,180	192,532
Additional paid-in capital	10,268,073	$ 9,592,543
Preferred stock dividends payable	7,500
Stock payable	424,825	$ 421,825
Stock payable-related Party	486,875	395,000
Accumulated deficit	(17,512,324)	(15,105,703)
Total Stockholders' Deficit	(4,517,911)	(3,782,823)
Total Liabilities and Stockholders' Deficit	2,282	4,148
Class A Preferred Stock [Member]
Stockholders' Deficit
Preferred stock value	134,200	134,200
Class B Preferred Stock [Member]
Stockholders' Deficit
Preferred stock value	999,910	381,930
Class C Preferred Stock [Member]
Stockholders' Deficit
Preferred stock value	204,850	$ 204,850
Class D Preferred Stock [Member]
Stockholders' Deficit
Preferred stock value	$ 125,000