Cell-nique Corp

CIK:0001470512|SEC Filings

CONDENSED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
CONDENSED STATEMENTS OF OPERATIONS (USD $)	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Income Statement [Abstract]
Sales, net	$ 806,835	$ 85,498	$ 1,296,665	$ 375,033
Cost of sales	527,506	31,311	777,479	177,748
Gross profit	279,329	54,187	519,186	197,285
Expenses:
Selling	203,343	48,615	344,361	185,067
General and administrative	91,629	46,627	788,627	199,390
Research and development	1,249	1,224	4,751	2,188
Depreciation and amortization	39,678	5,736	63,250	17,109
Total expenses	335,899	102,202	1,200,989	403,754
Loss from operations	(56,570)	(48,015)	(681,803)	(206,469)
Interest expense	15,299	34,943	23,154	90,118
Income taxes	0	0	0	0
Net loss	$ (71,869)	$ (82,958)	$ (704,957)	$ (296,587)
Net loss per common share	$ (0.01)	$ (0.02)	$ (0.07)	$ (0.06)
Weighted average shares outstanding	10,030,410	5,015,000	10,030,410	5,015,000

CONDENSED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
CONDENSED STATEMENTS OF CASH FLOWS (USD $)	Sep. 30, 2011	Sep. 30, 2010
Cash flows from operating activities:
Net loss	$ (704,957)	$ (296,587)
Adjustments to reconcile income net loss to net cash used in operating activities:
Depreciation and amortization	63,250	17,109
Non-cash impairment of tradenames	572,745	0
Changes in assets and liabilities:
Accounts receivable	(80,484)	14,915
Inventory	(23,269)	(11,951)
Accounts payable and accrued expenses	(5,550)	49,609
Net cash provided by (used in) operating activities	(178,265)	(226,905)
Cash flows from investing activities:
Purchase of subsidiary	56,381	0
Net cash used in investing activities	56,381	0
Cash flows from financing activities:
Increase in bank line of credit	9,917	0
Additional loans from shareholders	179,665	(1,345,379)
Additional paid-in capital	0	1,586,000
Net cash provided by financing activities	189,582	240,621
Net increase	67,698	13,716
Balance at beginning of period	44,293	7,624
Balance at end of period	111,991	21,340
SUPPLEMENTARY DISCLOSURES:
Cash paid for income taxes	0	0
Cash pasid for interest	12,685	12,425
Non-cash financing activities:
Expenses contributed by shareholder	0	86,000
Brokerage commission contributed by Omni	50,000	0
Interest added to shareholder loan	10,469	90,118
Stock issued for acquisition	$ 800,000	$ 0

CONDENSED BALANCE SHEETS (USD $)	Sep. 30, 2011	Dec. 31, 2010
Current assets
Cash	$ 111,991	$ 44,293
Accounts receivable	262,558	36,594
Inventoriy	160,617	78,118
Total current assets	535,166	159,005
Machinery and equipment	86,550	47,914
Tradenames	1,707,558	94,064
Total assets	2,329,274	300,983
Current liabilities
Accounts payable and accrued expenses	406,265	139,499
Total current liabilities	406,265	139,499
Long-term liabilities
Commerce Bank	199,917	0
Note payable - Silverwood	150,000	0
Note payable - Cherrybrook Kitchen Shareholder	613,533	0
Notes payable - PCC Shareholder	202,634	122,347
Convertible notes payable - Omni	622,745	0
[LiabilitiesNoncurrent]	1,788,829	122,347
Stockholders' equity
Preferred stock Series A 1,000,000 shares authorized, 245,000 issued and outstanding, par value $0.00001	2	2
Common stock 49,000,000 shares authorized, 10,030,410 and 5,000,000 issued and outstanding, par value $0.00001	100	68
Additional paid-in capital	1,687,883	887,915
Accumulated deficit	(1,553,805)	(848,848)
Total stockholders' equity	134,180	39,137
Total liabilities and stockholders' equity	$ 2,329,274	$ 300,983