Stemsation International, Inc.

CIK:0001398488|SEC Filings

UNAUDITED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended		63 Months Ended
UNAUDITED STATEMENTS OF OPERATIONS (USD $)	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011
Total Operating Revenue	$ 744	$ 1,125	$ 2,148	$ 2,250	$ 3,975
Operating expenses:
General and administrative	67,710	27,490	231,839	111,368	1,177,716
Total operating expenses	67,710	27,490	231,839	111,368	1,177,716
Net Loss from continuing operations	(66,966)	(26,365)	(229,691)	(109,118)	(1,173,141)
Discontinuing operations					(65,791)
Net Loss	$ (66,966)	$ (26,365)	$ (229,691)	$ (109,118)	$ (1,238,932)
Net Loss per Share-Basic and Diluted	$ (0.0018)	$ (0.0007)	$ (0.0062)	$ (0.0029)	$ (0.0333)
Weighted Average Number of Shares Outstanding during the Period-Basic and Diluted	37,156,951	36,739,862	37,156,951	36,739,862	37,156,951

UNAUDITED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended	63 Months Ended
UNAUDITED STATEMENTS OF CASH FLOWS (USD $)	Sep. 30, 2011	Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss	$ (229,691)	$ (1,238,932)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization		5,294
Depreciation		756
Impairment loss		5,294
Stock issued for debt	93,000	93,000
Amortization of stock issued for prepaid expenses		100
Accrued rent and rent expense paid through issuance of common stock		43,500
Equity in loss of investment in affiliate		4,278
Loss on disposal of fixed assets		2,036
Changes in Operating Assets and Liabilities
Loans receivable
Prepaid expenses	2,890
Non current assets	1,224
Accounts payable	84,002	91,002
Accrued expenses	25,167	92,782
Accrued compensation-officers
Accrued interest-related party
Net Cash Provided by (used in)Operating Activities	11,452	(631,479)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property for inventory		(210,000)
Purchase of equipment		(2,519)
Mortgage receivable		(32,312)
Investment in subsidiaries		(50,239)
Cash paid for acquisition of intangible asset		(10,000)
Net Cash Used in Investing Activities		(305,070)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related party loans		307,204
Repayments of related party advances		(46,024)
Proceeds from notes payable-related party		162,109
Proceeds from convertible notes payable-related party		45,300
Proceeds from sale of common stock-related party		64,700
Proceeds from sale of long term bond		434,667
Net Liabilities distributed in spin off		59,652
Repayment of loans	(90,000)	(90,000)
Net Cash Used in Financing Activities	(90,000)	937,608
Net Increase (Decrease) in Cash and Cash Equivalents	(78,548)
Cash at Beginning of Period	79,607
Cash at End of Period	1,059	1,059
Supplementary Cash Flow Information:
Cash paid for income taxes
Cash paid for interest		4,561
Non Cash Investing and Financing Activities
Common stock issued in connection with acquisition of intangible asset		588
Common stock issued for prepaid expense related party		15,000
Common stock issued for accrued expenses - related party		16,000
Common stock issued for debt and accrued compensation - related party		35,000
Common stock issued for debt and accrued interest - related party		411,667
Stock issued for services
Changes in Operating Assets and Liabilities
Stock issued for services	17,860	71,860
Stock issued for services-related parties
Changes in Operating Assets and Liabilities
Stock issued for services	$ 17,000	$ 197,551

BALANCE SHEETS (USD $)	Sep. 30, 2011	Dec. 31, 2010
Current Assets:
Cash and cash equivalents	$ 1,059	$ 79,607
Prepaid Expense		2,890
Total Current Assets:	1,059	82,479
Non Current Assets:
Inventory	210,000	210,000
Mortgage Receivable	32,039	33,263
Total Non Current Assets	243,098	243,263
Total Current and Non Current Assets	243,098	325,760
Current Liabilities:
Accounts payable	91,002	16,883
Accrued Compensation Officers	92,532	58,332
Due to related parties	250
Total Current Liabilities	183,784	74,615
Notes Payable	344,667	434,667
Total Liabilities	528,451	509,282
Stockholders Deficit:
Common Stock, $.01 par value 100,000,000 authorized 24,760,320 issued and outstanding	247,601	218,295
Additional Paid In Capital	705,978	607,424
Deficit Accumulated Development Stage	(1,238,932)	(1,009,241)
Total Stockholders Deficit	(285,353)	(183,522)
Total liabilities & Stockholders Deficit	$ 243,098	$ 325,760