CARBON 612 Corp
CIK:0001476470|SEC Filings
Unaudited Condensed Statements of Operations (USD $) | 3 Months Ended | 9 Months Ended | 37 Months Ended | ||
|---|---|---|---|---|---|
Sep. 30, 2011 | Sep. 30, 2010 | Sep. 30, 2011 | Sep. 30, 2010 | Sep. 30, 2011 | |
| Revenue | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
| General and administrative expenses | 122,747 | 79,769 | 229,982 | 171,001 | 549,674 |
| Net loss | $ (122,747) | $ (79,769) | $ (229,982) | $ (171,001) | $ (549,674) |
| Loss per common share, basic and diluted | $ 0.00 | $ 0.00 | $ (0.01) | $ 0.00 | |
| Weighted average common shares outstanding | 45,750,000 | 45,750,000 | 45,750,000 | 45,750,000 | |
Unaudited Condensed Statements of Cash Flows (USD $) | 9 Months Ended | 37 Months Ended | |
|---|---|---|---|
Sep. 30, 2011 | Sep. 30, 2010 | Sep. 30, 2011 | |
| Cash flow from operating activities | |||
| Net loss | $ (229,982) | $ (171,001) | $ (549,674) |
| Adjustment to reconcile net loss to net cash used in operating activities | |||
| Employee stock option issuance | 11,800 | 0 | 11,800 |
| Due to parent | 132,583 | 9,792 | 318,150 |
| Accounts payable | 84,271 | 56,437 | 105,692 |
| Net cash used in operating activities | (1,328) | (104,772) | (114,032) |
| Cash flows from financing activities | |||
| Issuance of common stock, net of offering costs of $30,000 | 0 | 0 | 120,000 |
| Net cash provided by financing activities | 0 | 0 | 120,000 |
| Net (decrease) increase in cash | (1,328) | (104,772) | 5,968 |
| Cash, beginning of period | 7,306 | 111,605 | 10 |
| Cash, end of period | 5,978 | 6,833 | 5,978 |
| Supplemental disclosure of non-cash financing and investing activities | |||
| Common stock issued for legal services in connection with the November 2009 private placement | 0 | 0 | 7,500 |
| Warrants issued in connection with the November 2009 private placement | $ 0 | $ 0 | $ 60,000 |
Condensed Balance Sheets (USD $) | Sep. 30, 2011 | Dec. 31, 2010 |
|---|---|---|
| Assets: | ||
| Cash | $ 5,978 | $ 7,306 |
| Total current assets | 5,978 | 7,306 |
| Patents | 50,519 | 50,519 |
| Total Assets | 56,497 | 57,825 |
| Liabilities: | ||
| Accounts Payable | 141,629 | 57,358 |
| Due to Parent | 318,150 | 185,567 |
| Total current liabilities | 459,779 | 242,925 |
| Derivative liability for warrants | 60,000 | 60,000 |
| Total liabilities | 519,779 | 302,925 |
| Stockholders' (Deficit) Equity: | ||
| Preferred stock, authorized 10,000,000 shares, $.001 par value, none issued or outstanding | 0 | 0 |
| Common stock, authorized 100,000,000 shares $.001 par value, 45,750,000 shares issued and outstanding as of September 30, 2011 and December 31, 2010 | 45,750 | 45,750 |
| Additional paid-in capital | 40,642 | 28,842 |
| Deficit accumulated during the development stage | (549,674) | (319,692) |
| Total stockholders' (deficit) equity | (463,282) | (245,100) |
| Total Liabilities and Stockholders' (Deficit) Equity | $ 56,497 | $ 57,825 |