Onyx Service & Solutions, Inc

CIK:0001483078|SEC Filings

ONYX SERVICE & SOLUTIONS, INC & SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Oct. 31, 2011	Oct. 31, 2010
Sales	$ 2,142	$ 6,311
Costs of Sales	1,072	1,534
Gross Margin	1,070	4,777
Operating Expenses:
Professional Fees	8,397	21,000
Consulting	417,500	0
General & Administrative	43,339	1,607
Total Operating Expenses	469,236	22,607
Operating Loss	(468,166)	(17,830)
Other Expenses
Loss on Debt Conversion	(875,000)	0
Interest Expense	(14,092)	0
Total Other Income (Expense)	(889,092)	0
Net Loss Before Taxes	(1,357,258)	(17,830)
Net Loss	$ (1,357,258)	$ (17,830)
Net Loss per Share, Basic & Diluted	$ (0.08)	$ 0.00
Weighted Common Shares Outstanding	17,004,651	4,309,000

ONYX SERVICE AND SOLUTIONS, INC. AND SUBSIDIARIES CONSOLDIATED STATEMENT OF CASH FLOWS (USD $)	3 Months Ended
	Oct. 31, 2011	Oct. 31, 2010
CASH FLOW FROM OPERATING ACTIVITIES
Net Loss	$ (1,357,258)	$ (17,830)
Adjustments to reconcile net loss to net cash used for operating activities:
Shares for Services	400,000	0
Loss on Debt Conversion	875,000	0
Depreciation expense	109	423
Changes in Operating Assets & Liabilities
(Increase) Decrease in Accounts Receivable	1,377	(1,281)
Increase in Prepaids	(2,090)	0
Increase (Decrease) in Accounts Payable	(17,406)	1,250
Increase in Accrued Interest	13,995	165
Increase in Rent Payable	523	0
NET CASH USED FOR OPERATING ACTIVITIES	(85,750)	(17,273)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes	105,000	0
Payments on notes	(17,283)	0
NET CASH PROVIDED BY FINANCING ACTIVITIES	87,717	0
NET INCREASE IN CASH	1,967	(17,273)
CASH AT BEGINNING OF PERIOD	5,331	54,793
CASH AT PERIOD END	7,298	37,520
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the quarter for interest	97	0
NONCASH:
Debt Conversion	125,000	0
Share acquisition	$ 2,200,000	$ 0

ONYX SERVICE & SOLUTIONS, INC & SUBSIDIARIES CONSOLIDATED BALANCE SHEET (USD $)	Oct. 31, 2011	Jul. 31, 2011
Assets:
Cash and Cash Equivalents	$ 7,298	$ 5,331
Prepaids	62,960	0
Accounts Receivable	0	1,377
Total Current Assets	70,258	6,708
Equipment, net	749	858
Goodwill	2,200,000	0
Total Assets	2,271,007	7,566
Liabilities:
Accounts Payable	1,271	11,954
Accounts Payable - Related Party	0	6,200
Note Payable	380,917	18,200
Accrued Interest Payable	99,735	467
Total Liabilities	481,923	36,821
Stockholders' Equity:
Common Stock, .0001 par value 250,000,000 shares authorized, 22,309,000 and 4,309,000 shares issued and outstanding	2,231	431
Additional Paid in Capital	3,191,355	78,428
Accumulated Deficit	(1,404,502)	(108,114)
Total Stockholders' Equity	1,789,084	(29,255)
Total Liabilities and Stockholders Equity	$ 2,271,007	$ 7,566