CLEAN TRANSPORTATION GROUP, INC.

CIK:0001373792|SEC Filings

CLEAN TRANSPORTATION GROUP, INC. - Consolidated Statements of Operations (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
SALES	$ 197,659	$ 49,745	$ 316,181	$ 49,745
COST OF SALES, excluding depreciation	107,882	35,094	168,681	35,094
Gross Profit	89,777	14,651	147,500	14,651
OPERATING EXPENSES
General and Administrative	218,783	205,058	461,042	222,060
Depreciation and amortization	8,337		16,674
Total Operating Expenses	227,120	205,058	477,716	222,060
LOSS FROM OPERATIONS	(137,343)	(190,407)	(330,216)	(207,409)
OTHER EXPENSES
Interest expense	17,348	1,103	28,415	3,053
TOTAL Other Expenses	17,348	1,103	28,415	3,053
Net loss	$ (154,691)	$ (191,510)	$ (358,631)	$ (210,462)
BASIC LOSS PER SHARE	$ (0.01)	$ (0.01)	$ (0.01)	$ (0.01)
WEIGHTED AVERAGE SHARES OUTSTANDING	26,117,767	25,990,868	26,117,767	25,984,978

CLEAN TRANSPORTATION GROUP, INC.- Consolidated Statements of Cash Flows (USD $)	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (358,631)	$ (210,462)
Adjustments to reconcile net loss to net cash used by operating activities
Contributed capital for expenses	17,102	3,053
Stock Issued for Services		500,000
Depreciation and amortization	16,674
Change in operating assets and liabilities
(Increase) decrease in accounts receivable	(24,850)	10,705
(Increase) decrease in inventory	765	8,951
(Increase) decrease in prepaid expenses	152,302	(343,750)
(Increase) decrease in other receivables		(38)
Increase (decrease) in accounts payable	73,514	12,148
Increase (decrease) in accrued liabilities	99,671	7,786
Net Cash (Used) by Operating Activities	(23,453)	(11,607)
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from related parties	59,771	85,659
Proceeds from bank loan		19,000
Repayment of related party advances	(23,200)	(75,242)
Net Cash Provided by Financing Activities	36,571	29,417
INCREASE (DECREASE) IN CASH	13,118	17,810
CASH, BEGINNING OF PERIOD	742	401
CASH, END OF PERIOD	13,860	18,211
CASH PAID FOR:
Taxes
Interest
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Stock issued in retirement of debt		$ 28,433
Common stock issued for acquisition		5,648

CLEAN TRANSPORTATION GROUP, INC. - Consolidated Balance Sheets (USD $)

Jun. 30, 2012

Dec. 31, 2011

Current Assets:

Cash

$ 13,860

$ 742

Accounts receivable

65,021

40,171

Loans receivable

5,249

Inventory

181,667

182,432

Prepaid expenses and deposits

4,678

156,980

Total Current Assets

270,475

385,574

PROPERTY, PLANT AND EQUIPMENT, net

45,433

^[1]

51,233

^[1]

DEPOSITS

4,763

INTELLECTUAL PROPERTY, net

63,438

^[2]

74,312

^[2]

TOTAL ASSETS

384,109

515,882

Current Liabilities:

Line of credit and reserve accounts

69,700

Accounts payable

165,036

91,522

Accrued liabilities

218,684

^[3]

119,013

^[3]

Notes payable

15,000

^[4]

15,000

^[4]

Due to related parties

499,024

^[5]

462,453

^[5]

Total Current Liabilities

967,444

757,688

TOTAL LIABILITIES

967,444

757,688

Stockholders' Equity (Deficit)

Preferred Stock

^[6]

Common Stock

26,118

^[7]

26,118

^[7]

Additional paid-in capital

1,136,689

1,119,587

Accumulated deficit

(1,746,142)

(1,387,511)

Total Stockholders' Equity (Deficit)

(583,335)

(241,806)

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

$ 384,109

$ 515,882

[1]	See Note 6
[2]	See Note 5
[3]	See Note 2
[4]	See Note 7
[5]	See Notes 2 and 7
[6]	$0.001 par value, 20,000,000 shares authorized; no shares outstanding
[7]	$0.001 par value, 200,000,000 shares authorized; 26,117,767 shares issued and outstanding, at both dates.