HERE ENTERPRISES, INC.

CIK:0001411846|SEC Filings

Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
Consolidated Statements of Operations (USD $)	Feb. 29, 2012	Feb. 28, 2011	Feb. 29, 2012	Feb. 28, 2011
REVENUES
Revenue	$ 63,075	$ 78,593	$ 266,828	$ 181,898
Depreciation	25,240	24,511	75,723	49,900
General and administrative	51,165	54,651	210,822	157,105
Interest	70,741	66,662	210,398	126,890
Property taxes	5,086	2,652	13,971	8,402
Track operation	14,292	39,731	42,440	59,552
Wages and benefits (Note 4)	70,674	119,743	244,044	271,661
Total Operating Expenses	237,198	307,950	797,398	673,510
Loss from Operations Before Other Items	(174,123)	(229,357)	(530,570)	(491,612)
Accretion of convertible promissory notes (Note 7)	(40,107)	(3,418,966)	(220,717)	(3,859,025)
Other Expense				(1,453)
Total Other Expense	(40,107)	(3,418,966)	(220,717)	(3,860,478)
Loss before taxes	(214,230)	(3,648,323)	(751,287)	(4,352,090)
Deferred income tax recovery			139,292
Net Loss and Comprehensive Loss	$ (214,230)	$ (3,648,323)	$ (611,995)	$ (4,352,090)
Net Loss Per Share - Basic and Diluted				$ (0.01)
Weighted Average Shares Outstanding	819,000,000	819,000,000	819,000,000	819,000,000

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
Consolidated Statements of Cash Flows (USD $)	Feb. 29, 2012	Feb. 28, 2011
Operating Activities
Net loss from for the period	$ (611,995)	$ (4,352,090)
Accretion of convertible promissory notes	220,717	3,859,025
Depreciation	75,723	49,900
Future income tax recovery	(139,292)
Accounts payable and accrued liabilities	361,118	150,913
Due to related parties	97,804	159,409
Net Cash Provided by (Used In) Operating Activities	4,075	(132,843)
Cash acquired from subsidiary		4,937
Purchase of property and equipment		(10,500)
Net Cash Used in Investing Activities		(5,563)
Proceeds from notes payable		157,500
Repayment of notes payable	(6,989)	(1,175)
Net Cash Provided by Financing Activities	(6,989)	156,325
Net (Decrease) Increase in Cash	(2,914)	17,919
Cash, Beginning of Period	5,790	3,087
Cash, End of Period	2,876	21,006
Convertible notes issued for note payments	18,189	36,378
Convertible notes issued to settle accounts payable and accrued liabilities	82,022	145,268
Convertible notes issued for acquisition of equipment		19,631
Issuance of convertible note for acquisition of subsidiary		5,000,000
Assumption of convertible note for acquisition of subsidiary		$ 640,000

Consolidated Balance Sheets (USD $)	Feb. 29, 2012	May 31, 2011
Current Assets
Cash	$ 2,876	$ 5,790
Total Current Assets	2,876	5,790
Property and Equipment (Note 3)	845,347	921,069
Goodwill	1,188,458	1,188,458
Total Assets	2,036,681	2,115,317
Accounts payable	115,040	51,937
Accrued liabilities	475,130	254,222
Due to related parties (Note 4)	288,217	190,413
Loans payable (Note 5)	614,288	599,197
Contingently convertible promissory notes (Note 6)	131,206	131,206
Convertible promissory notes, net of discount of $41,293 (Note 7)	5,311,313	5,129,716
Total Current Liabilities	6,935,194	6,356,691
Deferred income tax liability		139,292
Current Liabilities Net	6,935,194	6,495,983
Common stock - Authorized: 1,500,000,000 shares, par value $0.001 Issued and outstanding: 819,000,000 shares	$ 819,000	$ 819,000
Subscriptions receivable	(5,600)	(5,600)
Donated capital	89,375	89,375
Additional paid-in capital	4,614,605	4,520,457
Deficit	(10,415,893)	(9,803,898)
Total Stockholders' Deficit	(4,898,513)	(4,380,666)
Total Liabilities and Stockholders' Deficit	$ 2,036,681	$ 2,115,317