WPS, Inc.
CIK:0001451653|SEC Filings
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Statements of Income (USD $)
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3 Months Ended | 6 Months Ended | 31 Months Ended | ||
|---|---|---|---|---|---|
|
Jun. 30, 2011
|
Jun. 30, 2010
|
Jun. 30, 2011
|
Jun. 30, 2010
|
Jun. 30, 2011
|
|
| REVENUES | $ 2,679 | $ 1,212 | $ 3,553 | $ 8,830 | |
| COST OF SALES | 286 | 1,441 | 569 | 1,912 | 3,260 |
| GROSS PROFIT | (286) | 1,238 | 357 | 1,641 | 5,570 |
| Professional fees | 1,000 | 514 | 24,575 | 3,329 | 35,278 |
| General and administrative | 2,158 | 4,052 | 33 | 9,570 | |
| Total Operating Expenses | 2,872 | 514 | 28,341 | 3,362 | 44,848 |
| LOSS FROM OPERATIONS | (3,158) | 724 | (27,984) | (1,721) | (39,278) |
| Interest expense | (953) | (1,406) | (1,406) | ||
| Total other expenses | (953) | (1,406) | (1,406) | ||
| LOSS BEFORE INCOME TAXES | (4,111) | 724 | (29,390) | (1,721) | (40,684) |
| NET LOSS | $ (4,111) | $ 724 | $ (29,390) | $ (1,721) | $ (40,684) |
| BASIC AND DILUTED LOSS PER SHARE | |||||
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | 2,150,000 | 2,150,000 | |||
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Statements of Cash Flows (USD $)
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6 Months Ended | 31 Months Ended | |
|---|---|---|---|
|
Jun. 30, 2011
|
Jun. 30, 2010
|
Jun. 30, 2011
|
|
| Net income (loss) | $ (29,390) | $ (1,721) | $ (40,684) |
| Expenses paid by related party | 5,948 | 5,948 | |
| Change in accounts receivable | (625) | (625) | |
| Change in prepaid expenses | (624) | (624) | |
| Change in accounts payable | 536 | 1,412 | 4,416 |
| Change in accrued interest payable | 1,406 | 1,406 | |
| Net Cash Used in Operating Activities | (22,749) | (309) | (28,013) |
| Capital contributed by shareholders | 289 | ||
| Increase in note payable - related party | 25,000 | 3,040 | 34,081 |
| Net Cash Provided by Financing Activities | 25,000 | 3,040 | 34,370 |
| NET INCREASE (DECREASE) IN CASH | 2,251 | 2,731 | 6,357 |
| CASH AT BEGINNING OF PERIOD | 4,106 | 820 | |
| CASH AT END OF PERIOD | $ 6,357 | $ 3,551 | $ 6,357 |
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Balance Sheets (USD $)
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Jun. 30, 2011
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Dec. 31, 2010
|
|---|---|---|
| Cash | $ 6,357 | $ 4,106 |
| Accounts receivable | 625 | |
| Prepaid expenses | 624 | |
| Total Current Assets | 7,606 | 4,106 |
| TOTAL ASSETS | 7,606 | 4,106 |
| Accounts payable | 4,416 | 3,880 |
| Accrued interest related party note | 1,406 | |
| Note payable related party | 40,029 | 9,081 |
| Total Current Liabilities | 45,851 | 12,961 |
| Total Liabilities | 45,851 | 12,961 |
| Common stock; 70,000,000 shares authorized, at $0.001 par value, 2,000,000 shares issued and outstanding | 2,000 | 2,000 |
| Additional paid-in capital | 439 | 439 |
| Deficit accumulated during the development stage | (40,684) | (11,294) |
| Total Stockholders' Equity (Deficit) | (38,245) | (8,855) |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $ 7,606 | $ 4,106 |