BARCLAY ROAD, INC.
CIK:0001381873|SEC Filings
|
STATEMENTS OF OPERATIONS (Unaudited) (USD $)
|
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2012
|
Sep. 30, 2011
|
Sep. 30, 2012
|
Sep. 30, 2011
|
|
| Cost and expenses: | ||||
| General and administrative expenses | $ 102,207 | $ 19,101 | $ 112,506 | $ 41,740 |
| Total cost and expenses | 102,207 | 19,101 | 112,506 | 41,740 |
| Loss from operations | (102,207) | (19,101) | (112,506) | (41,740) |
| Other income (expense): | ||||
| Interest expense | (400) | (400) | ||
| Total other income (expense), net | (400) | (400) | ||
| Loss before provision for income taxes | (102,607) | (19,101) | (112,906) | (41,740) |
| Net loss | $ (102,607) | $ (19,101) | $ (112,906) | $ (41,740) |
| Loss per share - basic and diluted | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 |
| Weighted average number of common shares outstanding - basic and diluted | 341,743,768 | 66,743,768 | 341,743,768 | 50,168,676 |
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STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
|
9 Months Ended | |
|---|---|---|
|
Sep. 30, 2012
|
Sep. 30, 2011
|
|
| Cash flows from operating activities: | ||
| Net loss | $ (112,906) | $ (41,740) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 1,500 | |
| Changes in operating assets and liabilities: | ||
| Increase in accrued expenses and accounts payable | 27,779 | 745 |
| Net Cash Used in Operating Activities | (85,127) | (39,495) |
| Cash flows from financing activities: | ||
| Proceeds from loans | 8,500 | |
| Payment of loans | (8,500) | |
| Advances from related parties | 121,750 | 39,495 |
| Net Cash Provided by Financing Activities | 121,750 | 39,495 |
| Net increase (decrease) in cash | 36,623 | |
| Cash - end of year | 36,623 | |
| Supplementary information: | ||
| Cash paid during the year for: Interest | $ 400 | |
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BALANCE SHEETS (Unaudited) (USD $)
|
Sep. 30, 2012
|
Dec. 31, 2011
|
|---|---|---|
| Current Assets | ||
| Cash | $ 36,623 | |
| Investment in oil and gas properties | 260 | 260 |
| TOTAL ASSETS | 36,883 | 260 |
| Current Liabilities: | ||
| Accrued expenses | 48,042 | 20,263 |
| Total Current Liabilities | 48,042 | 20,263 |
| Stockholders' Deficiency: | ||
| Common stock, no par value - authorized unlimited; 341,743,768 and 341,743,768 outstanding as of September 30, 2012 and December 31, 2011, respectively | 1,035,362 | 1,035,362 |
| Paid in capital | 185,798 | 64,048 |
| Deficit accumulated during development stage | (1,232,319) | (1,119,413) |
| Total Stockholders' Deficiency | (11,159) | (20,003) |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY | $ 36,883 | $ 260 |