Maison Luxe, Inc.

CIK:0001486452|SEC Filings

Unaudited Interim Statements of Operations (USD $)	3 Months Ended		9 Months Ended
Unaudited Interim Statements of Operations (USD $)	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011	Dec. 31, 2010
Net Sales	$ 1,046,326	$ 1,041,988	$ 2,926,032	$ 3,432,412
Cost of Goods Sold	807,654	980,808	2,468,101	2,934,088
Gross Profit	238,672	61,180	457,931	498,324
Selling, general and administrative expenses
Salaries, wages, and employee benefits	32,021	29,831	94,104	88,808
Advertising and marketing	400	13,203	13,301	34,162
Bank charges	16,061	18,901	49,637	59,552
Professional fees	37,078	22,739	120,795	182,695
Bad debt	13,554	5,787	13,781	7,717
Operating Expenses, Total	99,114	90,461	291,618	372,934
Income from Operations	139,558	(29,281)	166,313	125,390
Other income (expense)
Gain on extinguishment of debt	239,382		239,382
Interest income		577		1,760
Interest expense	(36,877)	(49,691)	(142,832)	(132,796)
Total other expense	202,505	(49,114)	96,550	(131,036)
Net (loss) Income	$ 342,063	$ (78,395)	$ 262,863	$ (5,646)
Basic and diluted earning per share	$ 0.01	$ 0.00	$ 0.01	$ 0.00
Weighted average shares outstanding	31,306,548	29,847,100	31,051,149	29,847,100

Unaudited Interim Statements of Cash Flows (USD $)	9 Months Ended
Unaudited Interim Statements of Cash Flows (USD $)	Dec. 31, 2011	Dec. 31, 2010
Cash Flows from Operating Activities
Net (loss) Income	$ 262,863	$ (5,646)
Adjustments to reconcile net loss to net cash from operating activities
Gain on extinguishment of Debt	(239,382)
Stock-based compensation	40,000	55,556
Notes Receivable (see Note 7)	(40,000)
Depreciation	11,718	11,959
Changes in operating assets and liabilities:
Accounts receivable	(139,754)	(4,802)
Prepaid expenses and other current assets	(2,711)	(12,846)
Accounts payable - trade	28,903	66,754
Accrued expenses and other current liabilities	81,567	(46,627)
Net cash provided by operating activities	3,204	64,348
Cash Flows from Investing Activities
Collection of note receivable	1,641
Net cash used in investing activities	1,641
Cash Flows from Financing Activities
Payment of advances from shareholders/related parties		(19,800)
Proceeds of shareholder loans	225,704	30,000
Payments on line of credit, net	(16,353)	(5,566)
Short-term or long-term borrowings	86,839
Repayments of debt	(357,230)	(127,141)
Net cash used in financing activities	(61,040)	(122,507)
Net Increase (decrease) in cash	(56,195)	(58,159)
Cash at Beginning of Period	80,260	111,658
Cash at End of Period	24,065	53,499
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	115,114	124,880
Income taxes paid
Common stock issued for accrued interest	$ 245,021

Balance Sheets (USD $)	Dec. 31, 2011	Mar. 31, 2011
Current assets:
Cash	$ 24,065	$ 80,260
Accounts receivable	196,667	56,913
Prepaid expenses and other current assets	4,543	1,833
Total current assets	225,275	139,006
Property and Equipment:
Building	480,620	480,620
Furniture, fixtures, and equipment	158,079	158,079
Buildings, Furniture, Fixtures and Equipment, Gross, Total	638,699	638,699
Less - accumulated depreciation	(235,347)	(223,629)
Land, Buildings, Furniture, Fixtures and Equipment, Net, Total	403,352	415,070
Land	919,380	919,380
Total property and equipment	1,322,732	1,334,450
Notes Receivable	76,181	37,822
Goodwill	1,218,379	1,218,379
Total Assets	2,842,567	2,729,657
Current liabilities:
Accounts payable - trade	227,136	198,233
Accrued expenses and other current liabilities	120,553	60,241
Accrued interest - related party		223,766
Line of credit	87,287	96,601
Payable to Related Party	446,561	220,857
Current portion of long-term debt - third party	138,184	612,145
Total current liabilities	1,019,721	1,411,843
Long-term Liabilities
Long-term debt - third party, net of current portion	1,185,011	1,227,863
Total Long-Term Liabilities	1,185,011	1,227,863
Total Liabilities	2,204,732	2,639,706
Stockholders' Deficit
Common stock, $0.001 par value, 50,000,000 shares authorized; 38,014,672 and 30,414,145 shares issued and outstanding	38,015	30,415
Additional paid in capital	2,397,075	2,119,654
Accumulated deficit	(1,797,255)	(2,060,118)
Total stockholders' equity	637,835	89,951
Total Liabilities and Stockholders' Equity	$ 2,842,567	$ 2,729,657