BAETA CORP

CIK:0001439636|SEC Filings

Statement of Operations (USD $)	3 Months Ended		9 Months Ended		50 Months Ended
Statement of Operations (USD $)	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011
Revenues
Revenue	$ 1,244		$ 3,106		$ 12,227
Total Revenue	1,244		3,106		12,227
Cost of Goods Sold
Cost of Goods Sold			173		2,802
Total Cost of Goods Sold			173		2,802
Gross Profit	1,244		2,933		9,425
Operating Expenses
Amortization	150	150	451	451	1,750
Research & Development	47,250	90,000	141,750	201,000	560,812
Sales & Marketing	34,003	59,440	188,014	172,414	612,751
General & Administrative Personnel Expenses	136,303	108,660	477,474	364,461	961,197
Professional Service Fees	30,170	16,755	(13,791)	65,313	309,433
Other miscellaneous operating expenses	65,533	6,079	105,301	36,203	1,193,725
Total Operating Expenses	313,410	281,084	899,200	839,843	3,639,668
Loss From Operations	(312,166)	(281,084)	(896,266)	(839,843)	(3,630,243)
Other income (expense)	(182,357)		(182,357)		(182,357)
Gain on Repurchase of Shares		51,000		51,000	51,000
Charitable Donation					(7,500)
Interest expense	(17,680)	(18,688)	(54,751)	(41,028)	(126,494)
Net Loss Before Provision For Income Taxes	(512,203)	(248,772)	(1,133,374)	(829,870)	(3,895,594)
Provision For Income Taxes		1,183	350	1,183	4,208
Net Loss	$ (512,203)	$ (249,955)	$ (1,133,724)	$ (831,053)	$ (3,899,802)
Net loss per common share - basic and diluted	$ (0.02)	$ (0.01)	$ (0.05)	$ (0.04)
Weighted average number of common shares - basic and diluted	25,031,488	23,044,576	24,529,844	22,836,332

Statement of Cash Flows (USD $)	9 Months Ended		50 Months Ended
Statement of Cash Flows (USD $)	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (1,133,724)	$ (831,053)	$ (3,899,802)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation	399	399	1,458
Amortization	52	52	291
Stock Based Compensation	356,024	312,122	1,605,302
Increase in current assets and liabilities;
Increase (decrease) in accounts payable	132,491	(15,344)	210,613
Increase (decrease) in accounts receivable	4,650		4,650
Increase (decrease) in accounts payable related party	135,000	94,000	384,000
Increase (decrease) in Other Current Liabilities	70,722	944	128,636
Decrease (Increase) in Inventory	691	(9,646)	(27,367)
Decrease (Increase) in Deposit	0	0	(1,904)
Net cash provided by (used in) operating activities	(433,695)	(448,526)	(1,594,123)
CASH FLOWS FROM INVESTING ACTIVITIES
PP&E		(2,691)	(25,262)
Expenditure for organization expense			(350)
Software Application	(57,375)	(47,250)	(322,982)
Reserve for Impairment	182,357		0
Net cash provided by (used in) investing activities	124,982	(49,941)	(348,594)
CASH FLOWS FROM FINANCING ACTIVITIES
Interest Payable, Convertible Note	7,500	4,167	14,167
Shareholder Advance	30,925	48,530	96,499
Shareholder Note	16,831	100,000	447,299
Line of Credit	2,383	(1,685)	49,128
Additional Fianncing Fees	0	0	0
Change in Comon Stock Value	145	0	145
Common Stock Issued	169,834	106,000	820,435
Preferred Stock Issued		100,000	100,000
Net cash provided by (used in) financing activities	310,949	518,956	1,724,617
Net increase (decrease) in cash & cash equivalents	2,236	20,490	(218,100)
Cash & Cash Equivalents at beginning of period	16,600	3,189
Cash & Cash Equivalents at end of period	18,836	23,679	18,836
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Income taxes paid		1,498	1,998
Long-term Debt
CASH FLOWS FROM FINANCING ACTIVITIES
Convertible Note	28,750	161,944	196,944
Short-term Debt
CASH FLOWS FROM FINANCING ACTIVITIES
Convertible Note	$ 54,580

Balance Sheets (USD $)	Sep. 30, 2011	Dec. 31, 2010
Current Assets
Cash	$ 18,836	$ 16,600
Accounts Receivable	350	5,000
Inventory	27,367	28,058
Total Current Assets	46,553	49,658
Other Assets
Software Application	322,982	265,607
Reserve for Impairment	(182,357)	0
Plant Property & Equipment, net of accumulated depreciation of	23,803	24,202
Organization, net of accumulated amortization of $ 204	59	111
Deposit	1,904	1,904
Total Other Assets	166,391	291,824
TOTAL ASSETS	212,944	341,483
Current Liabilities
Accounts Payable	210,613	78,122
Accounts Payable Related Party	384,000	249,000
Line of Credit	49,128	46,744
Other Current Liabilities	128,636	57,915
Convertible Note Payable	54,580	0
Shareholder Advance -- Short Term	70,999	40,074
Shareholder Note -- Short Term	70,000	70,000
Total Current Liabilities	967,956	541,855
Long-Term Liabilities
Convertible Note	146,944	118,194
Interest Payable, Convertible Note	14,167	6,667
Shareholder Advance	25,500	25,500
Shareholder Note	377,299	360,468
Total Long-Term Liabilities	563,910	510,829
TOTAL LIABILITIES	1,531,866	1,052,684
Stockholders' Equity (Deficit)
Preferred stock, 10,000,000 shares authorized with a par value of $ 0.0001. 100 shares of Series A issued or outstanding (100 issued and outstanding as of Sept. 30 2011)	0	0
Common stock, 100,000,000 shares authorized with a par value of $ 0.0001, issued and outstanding 25,323,696 shares at Sept. 30, 2011	2,532	2,388
Paid-in capital	2,578,349	2,052,490
Losses that have accumulated during the development stage	(3,899,802)	(2,766,078)
Total Stockholders' Equity (Deficit)	(1,318,921)	(711,201)
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)	$ 212,944	$ 341,483