WiFi Wireless, Inc.

CIK:0001349365|SEC Filings

Statements of Cash Flows (USD $)	3 Months Ended	9 Months Ended	277 Months Ended
Statements of Cash Flows (USD $)	Sep. 30, 2012	Sep. 30, 2012	Sep. 30, 2012
CASH FLOW FROM OPERATION ACTIVITIES
Net Loss	$ (15,124)	$ (74,061)	$ (4,809,550)
ADJUSTMENT TO RECONCILE CHANGE IN NET ASSETS TO NET CASH FLOWS USED FOR OPERATING ACTIVITIES
Depreciation expense	2,162	6,485	62,301
Amortization			10,874
Allowance for deferred tax benefit
Decrease (Increase) in Inventory		(4,551)	(4,551)
Decrease (Increase) in prepaid expenses	1,620	5,710	(174)
Increase (Decrease) in accounts payable	6,068	(716,545)	16,097
Rent payable
Increase (Decrease) in other current liabilities	5,089	14,030	206,521
NET CASH USED IN OPERATING ACTIVITIES	(185)	(768,932)	(4,518,482)
CASH FLOW FROM INVESTING ACTIVITIES
Office equipment		(7,963)	(29,823)
R&D Equipment			(54,227)
Increase in security and other deposits			(3,915)
Investments
Organization costs			(10,874)
Deferred income tax benefit from accum. losses
NET CASH USED IN INVESTING ACTIVITIES		(7,963)	(98,839)
CASH FLOW FROM FINANCING ACTIVITIES
Loan from shareholder	60	(1,040)	144,774
Net borrowings from shareholder loan		40,420	203,553
Stock issued in acquisitions
Stock-based payments			1,389,922
Allowance for deferred tax benefit
Proceeds from issuance of stock		737,515	2,879,072
NET CASH PROVIDED BY FINANCING ACTIVITIES	60	776,895	4,617,321
NET INCREASE IN CASH AND CASH EQUIVALENTS	(125)
CASH AND CASH EQUIVALENTS, Beginning of period	125
CASH AND CASH EQUIVALENTS, End of Period

Balance Sheets (USD $)	Sep. 30, 2012	Dec. 31, 2011
Current Assets:
Cash and Cash Equivalents
Prepaid Expenses	147	5,857
Inventory	4,551
Total Current Assets	4,698	5,857
Fixed Assets:
Property and Equipment	29,823	21,860
R&D Equipment	54,227	54,227
Gross Fixed Assets	84,050	76,087
Less: Accumulated Depreciation	(62,301)	(55,816)
Net Fixed Assets	21,749	20,271
Other Assets:
Security and Other Deposits	3,915	3,915
Organizational Costs	10,874	10,874
Accumulated Amortization - Org Costs	(10,874)	(10,874)
Investments
Deferred Income Tax Benefit	1,610,066	1,610,066
Allowance for Realization	(1,610,066)	(1,610,066)
Total Other Assets	3,915	3,915
Total Assets	30,362	30,043
Current Liabilities:
Accounts Payable	16,069	732,613
Rent Payable
Other Current Liabilities	206,521	192,491
Total Current Liabilities	222,590	925,104
Long-Term Liabilities:
Loan from Shareholder	144,774	145,815
Note Payable to Shareholder	203,553	163,133
Total Long Term Liabilities	348,327	308,948
Total Liabilities	570,917	1,234,052
Stockholders' Equity:
Common Stock, par value $0.005 per share, 100,000,000 shares authorized, 59,350,466 and 57,250,466 shares issued, 59,350,466 and 57,250,466 shares outstanding, respectively	1,359,922	1,349,422
Treasury Stock, 390,000 shares	(1,950)	(1,950)
Paid-in-Capital	2,911,023	2,184,009
Accumulated Deficit during Development Stage	(4,809,550)	(4,735,490)
Total Stockholders' Equity	(540,555)	(1,204,009)
Total Liabilities & Capital	$ 30,362	$ 30,043