Mackenzie Taylor Minerals Inc.
CIK:0001371247|SEC Filings
Statements of Operations (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | 67 Months Ended | ||
|---|---|---|---|---|---|
Jul. 31, 2011 | Jul. 31, 2010 | Jul. 31, 2011 | Jul. 31, 2010 | Jul. 31, 2011 | |
| Income Statement [Abstract] | |||||
| REVENUE | |||||
| EXPENSES | |||||
| Professional fees | 2,144 | 1,850 | 9,268 | 5,450 | 64,628 |
| Exploration costs | 17,042 | ||||
| Impairment loss on mineral claim | 3,182 | ||||
| Legal fees | 4,000 | ||||
| Management fees | 6,000 | 9,000 | 84,941 | ||
| General and administrative | 1,380 | 1,369 | 2,554 | 7,334 | 40,047 |
| NET LOSS | $ (3,524) | $ (9,219) | $ (11,822) | $ (21,784) | $ (213,840) |
| NET LOSS PER COMMON SHARE | |||||
| Basic and diluted | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | |
| WEIGHTED AVERAGE OUTSTANDING SHARES | |||||
| Basic and diluted | 113,310,000 | 113,310,000 | 113,310,000 | 113,310,000 | |
Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | 67 Months Ended | |
|---|---|---|---|
Jul. 31, 2011 | Jul. 31, 2010 | Jul. 31, 2011 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net loss | $ (11,822) | $ (21,784) | $ (213,840) |
| Impairment loss on mineral claim | 3,182 | ||
| Capital contributions, expenses paid by Officers | 7,200 | 7,200 | |
| Changes in accounts payable | 5,149 | 2,300 | 32,048 |
| Net Cash (Used) in Operating Activities | (6,673) | (12,284) | (171,410) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Acquisition of mineral claim | (3,182) | ||
| Net Cash (Used) in Investing Activities | (3,182) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Advances from related parties | 8,136 | 8,094 | 135,079 |
| Proceeds from issuance of Common stock | 41,850 | ||
| Net Cash provided by Financing Activities | 8,136 | 8,094 | 176,929 |
| Net Increase (Decrease) in Cash | 1,463 | (4,190) | 2,337 |
| Cash at Beginning of Period | 874 | 5,082 | |
| CASH AT END OF PERIOD | $ 2,337 | $ 892 | $ 2,337 |
Balance Sheets (Unaudited) (USD $) | Jul. 31, 2011 | Oct. 31, 2010 |
|---|---|---|
| CURRENT ASSETS | ||
| Cash | $ 2,337 | $ 874 |
| Total Current Assets | 2,337 | 874 |
| CURRENT LIABILITIES | ||
| Accounts payable | 32,048 | 26,899 |
| Advances from related parties | 135,079 | 126,943 |
| Total Current Liabilities | 167,127 | 153,842 |
| STOCKHOLDERS DEFICIENCY | ||
| 500,000,000 shares authorized, at $0.001 par value 113,310,000 shares issued and outstanding | 113,310 | 113,310 |
| Additional paid-in capital | (64,260) | (64,260) |
| Deficit accumulated during the preexploration stage | (213,840) | (202,018) |
| Total Stockholders Deficiency | (164,790) | (152,968) |
| Total Liabilities and Stockholders Deficiency | $ 2,337 | $ 874 |