GreenCell, Inc

CIK:0001478493|SEC Filings

Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended		25 Months Ended
Statements of Operations (Unaudited) (USD $)	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011
Statements of Operations [Abstract]
Revenue	$ 0	$ 0	$ 0	$ 0	$ 0
Operating expenses:
General and administrative	56,808	40,159	155,354	115,643	420,680
Consulting fees	0	12,500	0	42,500	307,500
Professional fees	4,156	2,700	38,806	8,450	111,596
Research and development	36,514	19,907	119,603	82,915	266,727
Total operating expenses	97,478	75,266	313,763	249,508	1,106,503
Net income (loss) from operations	(97,478)	(75,266)	(313,763)	(249,508)	(1,106,503)
Other income (expense):
Interest expense	(3,541)	0	(7,211)	0	(17,179)
Total other income (expense)	(3,541)	0	(7,211)	0	(17,179)
Net income (loss)	$ (101,019)	$ (75,266)	$ (320,974)	$ (249,508)	$ (1,123,682)
Weighted average number of common shares outstanding, basic and fully diluted (in shares)	32,485,000	29,710,000	31,332,253	29,710,000
Net loss per weighted share basic and fully diluted (in dollars per share)	$ 0.00	$ 0.00	$ (0.01)	$ (0.01)

Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended		25 Months Ended
Statements of Cash Flows (Unaudited) (USD $)	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011
Cash flows from operating activities
Net income (loss)	$ (320,974)	$ (249,508)	$ (1,123,682)
Adjustments to reconcile net loss to net cash:
Depreciation expense	4,450	5,000	9,550
Stock-based expense for services	2,500	0	302,500
Changes in operating assets and liabilities:
Accounts payable and accrued expenses	43,094	20,962	124,370
Net cash used in operating activities	(270,930)	(223,546)	(687,262)
Cash flows from investing activites
Purchase of equipment	(12,500)	0	(38,000)
Deposit on purchase of equipment	0	0	0
Net cash used in investing activities	(12,500)	0	(38,000)
Net cash from financing activities
Issuance of common stock	70,000	127,500	291,000
Proceeds from borrowings	146,500	25,000	440,650
Net cash provided by financing activities	216,500	152,500	731,650
Net increase (decrease) in cash	(66,930)	(71,046)	6,388
Cash, beginning of period	73,318	81,574	0
Cash, end of period	6,388	10,528	6,388
Supplemental information:
Issuance of 5,600,000 shares of common stock for consulting services	0	0	280,000
Issuance of 400,000 shares of common stock in exchange for legal services	0	0	20,000
Issuance of 21,500,000 shares of common stock in exchange for technology license	0	0	215,000
Issuance of 2,050,000 shares of common stock in connection with conversion of notes payable	205,000	0	205,000
Issuance of 25,000 shares of common stock in exchange for services	$ 2,500	$ 0	$ 2,500

Balance Sheets (Unaudited) (USD $)	Dec. 31, 2011	Mar. 31, 2011
Current assets:
Cash	$ 6,388	$ 73,318
Total current assets	6,388	73,318
Property and equipment:
Equipment, net of accumulated depreciation	28,450	20,400
Deposit on purchase of equipment	0	0
Total assets	34,838	93,718
Current liabilities:
Notes payable	0	20,000
Notes payable - shareholders	248,150	277,500
Accounts payable and accrued expenses	111,870	77,926
Total current liabilities	360,020	375,426
Stockholders' equity:
Common stock, $.01 par value, authorized 100,000,000shares; 32,485,000 and 29,29,710,000 issued and outstanding as of December 31, 2011 and March 31, 2011, respectively	324,850	297,100
Additional paid-in capital	473,650	223,900
Accumulated deficit during development stage	(1,123,682)	(802,708)
Stockholders Equity	(325,182)	(281,708)
Total liabilities and stockholders' equity	$ 34,838	$ 93,718