Williamsville Sears Management, Inc.

CIK:0001472862|SEC Filings

STATEMENT OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended		75 Months Ended
STATEMENT OF OPERATIONS (USD $)	May 31, 2012	May 31, 2011	May 31, 2012	May 31, 2011	May 31, 2012
Revenues {1}
Impairment of intangible assets	$ 146,000		$ 146,000		$ 146,000
Depreciation	349		847		847
Director fees			360,000		360,000
General and administrative	266,900	(86)	743,280	16,639	802,011
Total Expenses	413,249	(86)	1,250,127	16,639	1,308,858
Net operating loss	(413,249)	(86)	(1,250,127)	(16,639)	(1,308,858)
Interest expense	(10,170)		(17,293)		(17,293)
Net Loss	$ (423,419)	$ (86)	$ (1,267,420)	$ (16,639)	$ (1,326,151)
Weighted Average Shares Outstanding - Basic	253,000,000	215,000,000	243,573,331	215,000,000

STATEMENT OF CASH FLOWS (USD $)	9 Months Ended		75 Months Ended
STATEMENT OF CASH FLOWS (USD $)	May 31, 2012	May 31, 2011	May 31, 2012
Operating Activities
Net loss	$ (1,267,420)	$ (16,639)	$ (1,326,151)
Impairment of intangible assets	146,000		146,000
Depreciation expenses	847		847
Shares issued for director's fee	360,000		360,000
Share based compensation	56,734		56,734
Deferred compensation	(20,500)	(433)	(20,500)
Accounts payable and accrued liabilities	143,381	(3,323)	146,401
Net cash used in operating activities	(580,958)	(20,395)	(636,669)
Purchase of equipment	(4,188)		(4,188)
Purchase of intangible assets	(51,200)		(51,200)
Net cash used in investing activities	(55,388)		(55,388)
Increase in bank overdraft	196		196
Proceeds from issuance of common shares			21,500
Proceeds from note payable	550,000		550,000
Advance from a related party	84,885	13,427	120,361
Net cash provided by financing activities	635,081	13,427	692,057
Increase (Decrease) in Cash	(1,265)	(6,968)
Cash - Beginning of Period	1,265	6,972
Cash - End of Period		4
Shares issued for acquisition of intangible assets	$ 46,000		$ 46,000

BALANCE SHEETS (USD $)	May 31, 2012	Aug. 31, 2011
ASSETS
Cash		$ 1,265
Current portion of deferred compensation	144,500
Total Current Assets	144,500	1,265
Equipment, net	3,341
Deferred Compensation	439,266
Total Assets	587,107	1,265
Bank overdraft	196
Accounts payable and accrued liabilities	187,701	3,020
Loan payable	550,000
Due to related party	120,361	35,476
Total Current Liabilities	858,258	38,496
Authorized 25,000,000 preferred shares, par value of $0.001 per share Issued and outstanding: 2,000,000 and nil preferred shares, respectively	$ 2,000
Authorized: 550,000,000 common shares, par value of $0.001 per share Issued and outstanding: 253,000,000 and 215,000,000 common shares, respectively	$ 253,000	$ 215,000
Additional paid-in capital	800,000
Accumulated deficit during the development stage	(1,326,151)	(252,231)
Total Stockholders' Deficit	(271,151)	(37,231)
Total Liabilities and Stockholders' Deficit	$ 587,107	$ 1,265