Hotcloud Mobile Inc

CIK:0001397645|SEC Filings

Condensed Statement of Operations (USD $)	3 Months Ended		9 Months Ended
Condensed Statement of Operations (USD $)	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2011	Jul. 31, 2010
Sales	$ (667)	$ 182,206	$ 25,498	$ 424,567
Cost of Goods Sold	1,760	28,903	6,568	626,495
Gross Profit	(2,427)	153,303	18,930	(201,928)
General And Administrative	134,478	171,022	552,348	959,040
Shares issued for Services	60,000		130,000
Beneficial Conversion Feature			108,333
Net Profit / (Loss) From Operations	(196,905)	(17,719)	(771,751)	(1,160,968)
Other Income / (Expenses)			41,087
Interest Expense	26,089	11,787	69,647	29,273
Net Profit / (Loss) Before Income Taxes	(222,994)	(29,506)	(800,311)	(1,190,241)
Income Tax Expense	0	0	0	0
Net Income (loss)	$ (222,994)	$ (29,506)	$ (800,311)	$ (1,190,241)
Earnings Per Share, Basic	$ (0.003)	$ (0.001)	$ (0.012)	$ (0.021)
Earnings Per Share, Diluted	$ (0.003)	$ (0.001)	$ (0.012)	$ (0.021)
Weighted average number of shares outstanding, basic	70,976,023	57,499,984	65,844,276	57,499,984
Weighted average number of shares outstanding, diluted	70,976,023	57,499,984	65,844,276	57,499,984

Condensed Statements of Cash Flows (USD $)	9 Months Ended
Condensed Statements of Cash Flows (USD $)	Jul. 31, 2011	Jul. 31, 2010
Net Income (loss)	$ (800,311)	$ (1,190,241)
Depreciation and amortization	2,876	17,636
Shares issued for Services	130,000
Beneficial Conversion Feature	108,333
(Increase) decrease in accounts receivable	7,861	599,599
(Increase) decrease in inventory		100,164
(Increase) decrease in other assets	(1,100)	(2,277)
(Increase) decrease in notes receivable	32,075
(Decrease) increase in accounts payable	125,033	209,724
Net Cash Provided by used in Operating Activities	(395,233)	(265,395)
Purchases software	(11,250)
Net Cash Provided by used in Investing Activities	(11,250)
Proceeds / (Payments) on notes payable	375,000	299,280
Proceeds / (Payments) on notes payable - Related Party	(41,923)	(43,207)
Repurchase of Common Stock	(100,000)
Issuance of Common Stock	175,000
Net Cash Provided by used in Financing Activities	408,077	256,073
Increase in Cash and Cash Equivalents	1,594	(9,322)
Cash and Cash Equivalents at carrying value, Beginning Balance	21	8,884
Cash and Cash Equivalents at carrying value, Ending Balance	$ 1,615	$ (438)

Condensed Balance Sheet (USD $)	Jul. 31, 2011	Oct. 31, 2010
Cash	$ 1,615	$ 21
Credit Card Receivable		7,861
Total Current Assets	1,615	7,882
Capitalized Software - Net	25,416	17,043
Notes receivable - Related Party		32,075
Deposits	1,100
Total Assets	28,131	57,000
Accrued Liabilities	606,887	499,332
Accrued Liabilities - Related Party	55,040	37,564
Notes Payable	936,780	62,500
Notes Payable - Current - Related Party	641,317	659,205
Total Current Liabilities	2,240,024	1,258,601
Notes Payable - Related Party	212,333	735,648
Total Longterm Debt	212,333	735,648
Total Liabilities	2,452,357	1,994,249
Shares to be issued	50,000
Common stock, $.001 par value; 100,000,000 shares authorized; 71,199,936 and 57,499,984 shares issued and outstanding respectively	71,199	57,500
Additional paid-in capital	1,196,443	946,810
Accumulated Other Comprehensive Income (loss)	1,683	1,683
Accumulated deficit	(3,743,551)	(2,943,242)
Total Stockholders' ( Deficit )	(2,424,226)	(1,937,249)
Total Liabilities And Stockholders Equity	$ 28,131	$ 57,000