ALLIED AMERICAN STEEL CORP.
CIK:0001404212|SEC Filings
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Unaudited Interim Condensed Statements of Operations (USD $)
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3 Months Ended | 6 Months Ended | 76 Months Ended | ||
|---|---|---|---|---|---|
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
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| Revenues | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
| Operating expenses | |||||
| Impairment of option for mineral rights | 0 | 0 | 0 | 0 | 125,626 |
| General administrative | 30,532 | 52,161 | 60,985 | 128,510 | 757,502 |
| General administrative - related-party | 0 | 0 | 0 | 0 | 49,875 |
| Stock compensation bonus | 0 | 0 | 0 | 0 | 212,000 |
| Exploration costs | 87,742 | ||||
| Officer payroll | 24,063 | 25,375 | 48,125 | 48,125 | 219,625 |
| Payroll tax expense | 1,841 | 1,940 | 3,682 | 4,138 | 14,686 |
| Total operating expenses | 56,436 | 79,476 | 112,792 | 180,773 | 1,467,056 |
| Provision for income taxes | 0 | 0 | 0 | 0 | 0 |
| Net loss | $ (56,436) | $ (79,476) | $ (112,792) | $ (180,773) | $ (1,467,056) |
| Basic and diluted loss per common share | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | |
| Basic and diluted weighted average common shares outstanding | 101,668,351 | 101,668,351 | 101,668,351 | 101,623,021 | |
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Unaudited Interim Condensed Balance Sheets (USD $)
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Jun. 30, 2013
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Dec. 31, 2012
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|---|---|---|---|---|---|
| Current assets: | |||||
| Cash and cash equivalents | $ 0 | $ (17) | [1] | ||
| Prepaid expenses | 0 | 0 | [1] | ||
| Total current assets | 0 | (17) | [1] | ||
| Total Assets | 0 | (17) | [1] | ||
| Current liabilities: | |||||
| Accounts payable and accrued expenses | 149,110 | 36,301 | [1] | ||
| Total current liabilities | 149,110 | 36,301 | [1] | ||
| STOCKHOLDERS' EQUITY (DEFICIT) | |||||
| Preferred stock; $.001 par value, 50,000,000 shares authorized, zero shares issued and outstanding | 0 | 0 | [1] | ||
| Common stock; $.001 par value, 900,000,000 shares authorized; 101,668,351 and 101,668,351 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively | 101,668 | 101,668 | [1] | ||
| Additional paid-in-capital | 1,216,278 | 1,216,278 | [1] | ||
| Accumulated (deficit) during the exploration stage | (1,467,056) | (1,354,264) | [1] | ||
| Stock issuable | 0 | 0 | [1] | ||
| Total stockholders' equity (deficit) | (149,110) | (36,318) | [1] | ||
| Total Liabilities and Stockholders' Equity (Deficit) | $ 0 | $ (17) | [1] | ||
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