ADVANCED PIPE FITTING TECHNOLOGIES, INC.
CIK:0001478490|SEC Filings
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STATEMENTS OF OPERATIONS (unaudited) (USD $)
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3 Months Ended | 9 Months Ended | 24 Months Ended | ||
|---|---|---|---|---|---|
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Jul. 31, 2011
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Jul. 31, 2010
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Jul. 31, 2011
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Jul. 31, 2010
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Jul. 31, 2011
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| OPERATING EXPENSES | |||||
| Professional fees | $ 600 | $ 600 | $ 1,800 | $ 3,950 | $ 10,850 |
| Transfer agent fees | 210 | 1,020 | 396 | 4,156 | |
| Consulting fees | 53,300 | 1,500 | 53,300 | 55,000 | |
| Incorporation costs | 3,000 | 3,000 | |||
| General and administrative | 42 | 89 | 205 | 129 | 537 |
| TOTAL OPERATING EXPENSES | 642 | 54,199 | 4,525 | 60,775 | 73,543 |
| NET LOSS BEFORE INCOME TAXES | (642) | (54,199) | (4,525) | (60,775) | (73,543) |
| PROVISION FOR INCOME TAXES | |||||
| NET LOSS | $ (642) | $ (54,199) | $ (4,525) | $ (60,775) | $ (73,543) |
| NET LOSS PER SHARE: BASIC AND DILUTED | $ (0.01) | $ 0 | $ 0 | $ 0 | |
| WEIGHTED AVERAGE SHARES OUTSTANDING: BASIC AND DILUTED | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | |
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STATEMENTS OF CASH FLOWS (unaudited) (USD $)
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9 Months Ended | 24 Months Ended | |
|---|---|---|---|
|
Jul. 31, 2011
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Jul. 31, 2010
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Jul. 31, 2011
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| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net loss | $ (4,525) | $ (60,775) | $ (73,543) |
| Changes in assets and liabilities: | |||
| Increase (decrease) in accrued expenses | (2,150) | (2,000) | 1,200 |
| CASH FLOWS USED IN OPERATING ACTIVITIES | (6,675) | (62,775) | (72,343) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from sale of common stock | 53,575 | ||
| Contribution to capital | 6,780 | ||
| Loans received from shareholder | 5,475 | 3,350 | 19,325 |
| CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | 5,475 | 10,130 | 72,900 |
| NET INCREASE (DECREASE) IN CASH | (1,200) | (52,645) | 557 |
| Cash, beginning of period | 1,757 | 55,063 | |
| Cash, end of period | 557 | 2,418 | 557 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
| Interest paid | |||
| Income taxes paid | |||
| SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES | |||
| Loans from shareholder converted to capital | $ 13,850 | $ 13,850 | |
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BALANCE SHEETS (unaudited) (USD $)
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Jul. 31, 2011
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Oct. 31, 2010
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|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 557 | $ 1,757 |
| TOTAL ASSETS | 557 | 1,757 |
| Current Liabilities | ||
| Accrued expenses | 1,200 | 3,350 |
| Due to shareholder | 5,475 | |
| Commitments and contingencies | ||
| Total Liabilities | 6,675 | 3,350 |
| STOCKHOLDERS' EQUITY (DEFICIT) | ||
| Common stock, $.0001 par value, 100,000,000 shares authorized, 10,000,000 shares issued and outstanding | 1,000 | 1,000 |
| Additional paid in capital | 66,425 | 66,425 |
| Deficit accumulated during the development stage | (73,543) | (69,018) |
| Total Stockholders' Equity (Deficit) | (6,118) | (1,593) |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $ 557 | $ 1,757 |