Delta Entertainment Group, Inc.

CIK:0001481199|SEC Filings

Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
Statements of Operations (Unaudited) (USD $)	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Income Statement [Abstract]
Revenue	$ 139,026	$ 25,581	$ 188,749	$ 36,971
Cost of sales	50,047	19,397	81,431	22,990
Gross profit	88,979	6,184	107,318	13,981
General administrative expenses	119,267	132,682	511,425	208,295
Operating loss	(30,288)	(126,498)	(404,107)	(194,314)
Other Expense
Interest expense	(4,998)	(2,497)	(106,784)	(3,272)
Net Loss	(35,286)	(128,995)	(510,891)	(197,586)
Basic and Diluted Loss per Common Share	$ 0.00	$ 0.00	$ (0.01)	$ (0.01)
Basic and Diluted Weighted Average Common Shares Outstanding	$ 37,597,659	$ 30,522,922	$ 35,321,350	$ 30,259,009

Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
Statements of Cash Flows (Unaudited) (USD $)	Sep. 30, 2012	Sep. 30, 2011
Operating Activities:
Net loss	$ (510,891)	$ (197,586)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:
Shares issued for services	186,862	11,000
Shares issued for services- related parties and accrued accrued liabilities related party	67,150	9,450
Stock option expense	25,129
Debt discount	95,833
Depreciation	517	336
Changes in Assets and Liabilities:
Accounts receivable	(59,131)	4,385
Prepaid expenses	(4,267)	1,411
Inventory	5,503	1,684
Deposits		(3,200)
Advance royalty	20,000	(17,500)
Accounts payable	10,398	18,722
Accounts payable-related parties	8,001	4,667
Accrued wages- related parties		5,537
Accrued liabilities- related parties		26,032
Accrued liabilities	8,216	12,936
Net Cash Provided (Used) by Operating Activities	(146,680)	(122,126)
Investing Activities
Purchase of computer equipment		(1,032)
Purchase of customer list		(44,018)
Total Purchase		(45,050)
Financing Activities:
Proceeds from notes payable	50,000	15,000
Proceeds from notes payable-related party	12,500	121,800
Proceeds from convertible notes payable	50,000
Repayment of notes payable		(2,500)
Repayment of notes payable-related party	(17,500)
Proceeds from sale of common stock	75,000	30,000
Net Cash Provided by Financing Activities	170,000	164,300
Net Increase in Cash	23,320	(2,876)
Cash at Beginning of Period	34	7,993
Cash at End of Period	23,354	5,117
Supplemental Disclosures:
Cash paid for income taxes
Cash paid for interest	525
Non Cash Investing and Financing Activities
Benerical conversion feature	50,000
Common stock issued for repayment of related party note payable	40,000
Purchase of customer list through note payable		25,600
Common stock issued for repayment of note payable and accrued in	102,500	3,000
Common stock issued for purchase of inventory	9,000
Common stock issued for advance royalties		$ 12,500

Balance Sheets (Unaudited) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Current Assets:
Cash	$ 23,354	$ 34
Accounts receivable	60,781	1,650
Prepaid expenses	5,161	894
Inventory	13,409	9,912
Advance royalty payments		20,000
Total Current Assets	102,705	32,490
Computer equipment, net	1,190	1,707
Total Assets	103,895	34,197
Current Liabilities:
Accounts payable and accrued liabilities	29,505	19,107
Accounts payable and accrued liabilities-related party	43,635	35,634
Accrued liabilities	19,359	13,643
Note payable	78,500	28,500
Note payable-related party	5,000
Convertible note payable, net of discount	28,500	32,667
Convertible notes payable-related party	45,900	95,900
Total Current Liabilities	250,399	225,451
Total Liabilities	250,399	225,451
Stockholders' Equity (Deficit) 38,014,205 shares and 30,904,384 shares issued as of September 30, 2012 and December 31, 2011	38,015	30,905
Additional Paid in Capital	801,323	252,792
Accumulated Deficit	(985,842)	(474,951)
Total Stockholders' Equity (Deficit)	(146,504)	(191,254)
Total Liabilities and Stockholders' Equity (Deficit)	$ 103,895	$ 34,197