Convenience TV Inc.
CIK:0001454719|SEC Filings
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Consolidated Statements of Operations (USD $)
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3 Months Ended | 6 Months Ended | 54 Months Ended | ||
|---|---|---|---|---|---|
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Sep. 30, 2012
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Sep. 30, 2011
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Sep. 30, 2012
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Sep. 30, 2011
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Sep. 30, 2012
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| Revenue | $ 0 | $ 0 | $ 0 | $ 6,628 | $ 20,954 |
| Operating Expenses | |||||
| Amortization of property and equipment | 0 | 10,693 | 305 | 22,296 | 155,816 |
| Consulting fees | 0 | 6,000 | 6,000 | 6,000 | 41,298 |
| Content services | 0 | 0 | 0 | 0 | 6,470 |
| Foreign exchange loss (gain) | 345 | (75) | 282 | (75) | 17,844 |
| Investor relations | 0 | 0 | 135 | 0 | 112,975 |
| Management fees | 0 | 9,000 | 454 | 30,000 | 277,259 |
| Network management | 0 | 15,868 | 918 | 30,038 | 183,660 |
| Office and general | 313 | 1,004 | 1,345 | 2,636 | 19,270 |
| Professional fees | 11,386 | 12,263 | 28,634 | 30,409 | 125,328 |
| Transfer agent and filing fees | 7,112 | 7,074 | 8,514 | 9,994 | 34,369 |
| Travel and promotion | 157 | 10 | 238 | 180 | 24,569 |
| Total Operating Expenses | 19,313 | 61,837 | 46,825 | 131,478 | 998,858 |
| Loss from Operations | (19,313) | (61,837) | (46,825) | (124,850) | (977,904) |
| Other Expenses | |||||
| Accretion of discounts on convertible debt | (4,337) | (54,176) | (41,245) | (83,626) | (170,682) |
| Amortization of deferred financing costs | (1,060) | (2,133) | (2,977) | (3,901) | (12,241) |
| Interest expense | (3,013) | (2,188) | (7,952) | (4,080) | (17,877) |
| Loss on change in fair value of derivative liabilities | (86,412) | (493,202) | (52,169) | (528,254) | (367,798) |
| Loss on extinguishment of debt | 0 | 0 | 0 | 0 | (34,871) |
| Total Other Expenses | (94,822) | (551,699) | (104,343) | (619,861) | (603,469) |
| Net Loss for the Period | $ (114,135) | $ (613,536) | $ (151,168) | $ (744,711) | $ (1,581,373) |
| Net Loss Per Share, Basic and Diluted | $ (0.01) | $ (0.01) | |||
| Weighted Average Shares Outstanding | 271,075,000 | 60,885,000 | 333,092,000 | 58,675,000 | |