GeoTraq Inc.

CIK:0001390134|SEC Filings

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
Statements of Operations (Unaudited) - USD ($)	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2016	Jan. 31, 2015
Statements Of Operations
Revenue
General and administrative expenses:
Hardware Engineering	$ 26,637	$ 30,000	$ 44,702	$ 45,000
Stock based compensation	314,500	262,350	314,500	262,350
Professional fees	23,247	16,445	44,098	16,574
Advertising	1,973	305	2,125	305
Rent	1,833	$ 2,345	8,403	$ 4,875
Travel	1,800		4,681
Office and other administration expense	1,211	$ 3,780	4,634	$ 84,999
Total operating expenses	371,201	315,225	423,143	414,103
Loss from operations	$ (371,201)	(315,225)	$ (423,143)	(414,103)
Other income (expense):
Interest expense		(743)		(1,486)
Loss before taxes	$ (371,201)	$ (315,968)	$ (423,143)	$ (415,589)
Provision (credit) for taxes on income
Net loss	$ (371,201)	$ (315,968)	$ (423,143)	$ (415,589)
Net loss per common share – basic and diluted	$ (0.01)	$ (0.01)	$ (0.01)	$ (0.01)
Weighted average number of shares outstanding	72,902,174	59,386,093	70,286,413	58,951,311

Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
Statements of Cash Flows (Unaudited) - USD ($)	Jan. 31, 2016	Jan. 31, 2015
Cash flows from operating activities:
Net loss	$ (423,143)	$ (415,589)
Adjustments to reconcile net loss to cash provided used by operating activities:
Stock based compensation	$ 314,500	262,350
Inputed interest		1,486
Amortization expense		77,838
Change in current assets and liabilities:
Prepaid expenses		1,150
Accounts payable and accrued expenses	$ (19,000)	22,250
Net cash flows from operating activities	$ (127,643)	$ (50,515)
Cash flows from investing activities:
Purchase of fixed assets
Net cash flows from investing activities
Cash flows from financing activities:
Proceeds from sale of common stock	$ 365,500	$ 150
Net cash flows from financing activities	365,500	150
Net cash flows	237,857	(50,365)
Cash and equivalents, beginning of period	45,130	87,389
Cash and equivalents, end of period	$ 282,987	$ 37,024
Supplemental cash flow disclosures:
Cash paid for interest
Cash paid for income taxes
Shares issued to settle convertible debenture		100,000
Shares issued for stock payable	$ 8,990

Balance Sheets - USD ($)	Jan. 31, 2016	Jul. 31, 2015
Current assets
Cash	$ 282,987	$ 45,130
Total Current Assets	282,987	45,130
Total assets	282,987	45,130
Current liabilities
Accounts payable and accrued expenses	13,000	32,000
Deferred revenue	50,000	50,000
Total Current Liabilities	63,000	82,000
Total liabilities	63,000	82,000
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, $.0001 par value, 75,000,000 authorized, 74,000,000 and 65,250,000 shares issued and outstanding	7,400	6,525
Additional paid in capital	$ 2,302,954	1,614,839
Stock payable		8,990
Accumulated deficit	$ (2,090,367)	(1,667,224)
Total stockholders' equity (deficit)	219,987	(36,870)
Total liabilities and stockholders' equity (deficit)	$ 282,987	$ 45,130