SWISSINSO HOLDING INC.
CIK:0001437395|SEC Filings
Consolidated Statements of Operation and Comprehensive Income (Loss) (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
|
| Consolidated Statements of Operation and Comprehensive Income (Loss) [Abstract] | ||||
| REVENUES | $ 37,056 | $ 42,199 | ||
| OPERATING EXPENSES | ||||
| General and administrative | 173,464 | $ 442,014 | 428,271 | $ 766,306 |
| Total operating expense | $ 173,464 | $ 442,014 | $ 428,271 | 766,306 |
| OTHER INCOME | ||||
| Interest income | 1 | |||
| Gain from abandonment of debts | $ 81,700 | $ 109,226 | ||
| Exchange profit | $ 14,923 | |||
| Other Income | $ (2,087) | |||
| Reimbursement of prior year expenses | 35,064 | $ 641,134 | ||
| Total other income | 32,977 | $ 81,700 | 656,057 | $ 109,227 |
| OTHER EXPENSES | ||||
| Interest expense | 23,163 | 4,591 | 45,390 | $ 9,821 |
| Exchange loss (gain) | 16,948 | (73) | 16,948 | |
| Total other expense | 40,111 | 4,518 | 62,338 | $ 9,821 |
| NET INCOME (LOSS) | (143,542) | (364,832) | 207,647 | (666,900) |
| Foreign currency gain (loss) | (184,198) | 68,148 | (145,123) | 62,916 |
| COMPREHENSIVE INCOME (LOSS) | $ (327,740) | $ (296,684) | $ 62,524 | $ (603,984) |
| Basic and diluted net income (loss) per share | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 |
| Weighted average shares outstanding - Basic and diluted | 143,625,892 | 143,607,003 | 143,625,892 | 143,566,223 |
Consolidated Statements of Cash Flow (Unaudited) - USD ($) |
6 Months Ended | |
|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
|
| Statements of Cash Flow [Abstract] | ||
| NET INCOME (LOSS) | $ 207,647 | $ (666,900) |
| Change in Operating activities | (205,231) | (279,804) |
| Net cash provided by (used in) operating activities | 2,416 | $ (946,704) |
| FINANCING ACTIVITIES | ||
| Proceeds from bank loan | 5,047 | |
| Payment on bank loan | (19,907) | $ (49,849) |
| Proceeds from third party loans | 55,000 | 57,555 |
| Proceeds from related party loans | 3,069 | 871,878 |
| Net cash provided by financing activities | 43,209 | 879,584 |
| Effect of exchange rate on cash | (42,234) | 62,916 |
| INCREASE (DECREASE) IN CASH | 3,391 | (4,204) |
| CASH AT BEGINNING OF PERIOD | 2,854 | 6,173 |
| CASH AT END OF PERIOD | $ 6,245 | $ 1,969 |
| CASH PAID FOR INTEREST AND INCOME TAXES | ||
| NON-CASH INVESTING AND FINANCING: | ||
| Related party payment of expenses | $ 48,524 | |
| Reclassification of consulting fees | $ 225,000 | |
| Subscription receivable | $ 48,000 | |