Gepco, Ltd.

CIK:0001454010|SEC Filings

Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended	6 Months Ended	9 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
Income Statement [Abstract]
Revenue	$ (75,000)	$ 530,000	$ 530,000
Cost of goods sold	75,000	(458,900)	(458,900)
Gross profit	0	71,100	71,100
Operating expenses
General and administrative	9,192	26,338	28,110
Legal and accounting	36,838	64,218	77,741
Total expenses	46,030	90,556	105,851
Operating loss	(46,030)	(19,456)	(34,751)
Interest expense	(41,058)	(133,925)	(141,737)
Other expense	(41,058)	(133,925)	(141,737)
Net loss	$ (87,087)	$ (153,380)	$ (176,487)
Loss per share - basic	$ 0.00	$ 0.00
Weighted average common shares - basic	154,927,835	145,418,304

Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended	9 Months Ended
	Jun. 30, 2014	Jun. 30, 2014
Cash flows from operating activities
Net loss	$ (153,380)	$ (176,487)
Adjustment to reconcile net loss to net cash used in operations
Amortization of debt discount	124,347	130,882
Cash used in operations
Accounts receivable	(76,000)	(76,000)
Inventory	(301,268)	(301,268)
Accounts payable and accrued liabilies	(2,648)	1,720
Accrued interest included in notes payable	5,522	5,522
Accrued interest included in convertible notes payable	4,054	5,331
Total cash used in operations	(399,373)	(410,300)
Cash from financing activities
Proceeds from advances	10,000	10,000
Repayment of advances	(1,261)	(1,261)
Proceeds from notes payable	10,000	10,000
Proceeds from convertible notes	14,850	25,777
Repayment of convertible notes	(12,500)	(12,500)
Proceeds from notes payable related party	250,000	250,000
Proceeds from sales of common stock	135,000	135,000
Total cash from financing activities	406,089	417,016
INCREASE IN CASH	6,716	6,716
BEGINNING CASH	0	0
ENDING CASH	6,716	6,716
Supplemental disclosure of cash flow information:
Interest paid	0	0
Income taxes paid	0	0
Supplemental disclosure of non-cash investing activities:
Accounts payable acquired in reverse merger	0	(22,719)
Advances payable in reverse merger	0	(1,261)
Convertible notes, related party (net of $116,033 debt discount) acquired in reverse merger	0	(101,212)
Note payable acquired in reverse merger	0	(50,000)
Convertible debt converted to common stock shares	$ 233,422	$ 0

Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Cash	$ 6,716	$ 0
Accounts receivable	76,000	0
Inventory	301,268	0
Total current assets	383,984	0
TOTAL ASSETS	383,984	0
Liabilities
Accounts payable and accrued liabilities	24,439	27,087
Convertible notes, related party (net of discount of $0 and $109,498, respectively)	0	119,951
Advances payable	10,000	1,261
Note payable	10,077	0
Note payable to related party	257,876	0
Note payable to related party - in default	50,000	50,000
Total current liabilities	352,392	198,299
Total Liabilities	352,392	198,299
Stockholders' Deficit
Preferred stock, $.001 par value, 15,000,000 shares authorized none issued and outstanding	0	0
Common stock, $.001 par value, 250,000,000 shares authorized 156,109,790 and 118,582,555 issued and outstanding, respectively	156,110	118,583
Additional paid in capital	420,745	75,000
Deficit accumulated during development stage	(545,263)	(391,882)
Total stockholders' equity (deficit)	31,592	(198,299)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 383,984	$ 0