KUNEKT CORP

CIK:0001419177|SEC Filings

Comprehensive Income (loss) (Policies)	9 Months Ended
Jul. 31, 2012
Policies
Comprehensive Income, Policy	k. Comprehensive Income (Loss) Comprehensive income (loss) is comprised of foreign currency translation adjustments.

Comprehensive Income (loss) (Policies)

9 Months Ended

Jul. 31, 2012

k. Comprehensive Income (Loss)

Comprehensive income (loss) is comprised of foreign currency translation adjustments.

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended		58 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2012
NET LOSS	$ (88,425)	$ 296,867	$ (129,155)
Gain on extinguishment of debt		(794,123)	(794,123)
Contribution of imputed interest			1,482
Write-off of impaired patent			31,048
(Increase) decrease in prepaid assets	8,603	(228,807)	(216,000)
(Increase) decrease in other current assets	3,970	(19,607)	(15,637)
Stock subscriptions payable			37,500
Cash for Stock subscription received in advance
(Decrease) increase in tax payable	20,256		59,101
(Decrease) increase in accounts payable	(1,763)	17,631	12,354
Increase in accrued expenses - related party	627	65,015	121,511
Increase in accrued liabilities	18,759		18,759
NET CASH PROVIDED (USED BY) OPERATING ACTIVITIES	(37,973)	(663,024)	(873,160)
Purchase of patent costs			(31,048)
Net Cash Provided by (Used by) Investing Activities			(31,048)
Proceeds from issuance of stock			25,000
Payments on related party loans			450,000
Proceeds from related party loans		(450,000)	(450,000)
Proceeds from related party notes	767	51,914	249,184
Payments on related party notes		(103,978)	(245,962)
Repayments of subscriptions received in advance		(784,000)	(784,000)
Cash received in advance for stock subscription		1,750,000	1,750,000
NET CASH PROVIDED (USED BY) FINANCING ACTIVITIES	767	463,936	994,222
Foreign exchange effect on cash		(24,533)
INCREASE (DECREASE) IN CASH	(37,206)	(223,621)	90,014
CASH AT BEGINNING OF PERIOD	127,220	387,150
CASH AT END OF PERIOD	90,014	163,529	90,014
Interest
Income taxes
Settlement of subscription received in advance through assignment of receivables to subscriber		216,000	216,000
Note payable issued for patents			$ 31,048

CONSOLIDATED BALANCE SHEETS (USD $)	Jul. 31, 2012	Oct. 31, 2011
Cash	$ 90,014	$ 127,220
Prepaid expenses		8,603
Total current assets	90,014	135,823
Security deposits	228	4,198
Trust account	15,409	15,409
Total other assets	105,651	19,607
TOTAL ASSETS	105,651	155,430
Accounts payable	5,731	7,494
Income Tax Payable	59,101	38,845
Notes payable - related party (Note 3)	3,222	2,455
Accrued interest - related party (Note 3)	9,105	8,978
Loan payable - related party (Note 3)
Accrued interest on loan - related party (Note 3)	42,331	42,331
Accrued wages - related party (Note 3)	70,075	69,575
Accrued expenses	18,759
TOTAL LIABILITIES	208,324	169,678
Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value, 65,000,000 shares authorized, 62,000,000 and 62,000,000 shares issued and outstanding, respectively	62,000	62,000
Additional paid-in capital	(35,518)	(35,518)
Earnings (deficit) accumulated during the development stage	(129,155)	(40,730)
Accumulated other comprehensive income (loss) foreign currency translation adjustment
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	(102,673)	(14,248)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)	$ 105,651	$ 155,430