Logan Sound, Inc.
CIK:0001471717|SEC Filings
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STATEMENTS OF OPERATIONS (USD $)
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3 Months Ended | 9 Months Ended | 60 Months Ended | ||
|---|---|---|---|---|---|
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Jan. 31, 2012
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Jan. 31, 2011
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Jan. 31, 2012
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Jan. 31, 2011
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Jan. 31, 2012
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| Expenses | |||||
| Banking charges | $ 39 | $ 28 | $ 114 | $ 105 | $ 432 |
| Management fees | 6,900 | 2,300 | 16,100 | 16,100 | 64,400 |
| Office expenses | 590 | 590 | 1,168 | ||
| Professional fees | 1,800 | 1,216 | 5,400 | 14,264 | |
| Guitar effects pedal | 20,000 | ||||
| Net loss | $ (6,939) | $ (4,718) | $ (17,430) | $ (22,195) | $ (100,264) |
| Loss per share - Basic and diluted | $ 0 | $ 0 | $ 0 | $ 0 | |
| Weighted average number of common shares outstanding | 8,000,000 | 5,700,000 | 8,000,000 | 5,700,000 | |
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STATEMENTS OF CASH FLOWS (USD $)
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9 Months Ended | 60 Months Ended | |
|---|---|---|---|
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Jan. 31, 2012
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Jan. 31, 2011
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Jan. 31, 2012
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| Cash Flows from Operating Activities | |||
| Net loss | $ (17,430) | $ (22,195) | $ (100,264) |
| Guitar effects pedal | 20,000 | ||
| Adjustments to reconcile net loss to net cash | |||
| Accounts payable and accrued liabilities | |||
| Net cash used in operating activities | (17,430) | (22,195) | (80,264) |
| Cash Flows from Financing Activities | |||
| Loans from related parties | 18,200 | 50,200 | |
| Shares subscribed for cash | 24,000 | 4,000 | 38,000 |
| Net cash provided by financing activities | 24,000 | 22,200 | 88,200 |
| Net increase (decrease) in cash | 6,570 | 5 | 7,936 |
| Cash, beginning of the period | 1,366 | 1,683 | |
| Cash, end of the period | 7,936 | 1,688 | 7,936 |
| Supplemental cash flow information | |||
| Interest paid in cash | |||
| Taxes paid in cash | |||
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BALANCE SHEETS (USD $)
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Jan. 31, 2012
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Apr. 30, 2011
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|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $ 7,936 | $ 1,366 | |||
| Wah-anti-wah guitar pedal | |||||
| Total current assets | 7,936 | 1,366 | |||
| Total assets | 7,936 | 1,366 | |||
| Current liabilities | |||||
| Accounts payable and accrued liabilities | |||||
| Loans from related parties | 50,200 | 50,200 | |||
| Total current liabilities | 50,200 | 50,200 | |||
| Total liabilities | 50,200 | 50,200 | |||
| STOCKHOLDERS' EQUITY (DEFICIT) | |||||
| Common stock value | 8,600 | 6,200 | |||
| Additional paid-in capital | 49,400 | 27,800 | |||
| Deficit accumulated during the development stage | 100,264 | 82,834 | |||
| Total stockholders' equity (deficit) | (42,264) | (48,834) | |||
| Total liabilities and stockholders' equity (deficit) | $ 7,936 | $ 1,366 | [1] | ||
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