Nano Labs Corp.

CIK:0001497572|SEC Filings

STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
STATEMENTS OF OPERATIONS (USD $)	Mar. 31, 2015	Mar. 31, 2014
Statements Of Operations
Sales
Cost of goods sold
Gross Margin
Operating Expenses
Consulting	65,325ctle_Consulting	25,430ctle_Consulting
General and administrative	30,715us-gaap_GeneralAndAdministrativeExpense	60,782us-gaap_GeneralAndAdministrativeExpense
Professional Fees	24,501us-gaap_ProfessionalFees	27,542us-gaap_ProfessionalFees
Travel	6,734us-gaap_TravelAndEntertainmentExpense	11,281us-gaap_TravelAndEntertainmentExpense
Wages		7,882
Total operating expenses	127,275us-gaap_OperatingExpenses	132,917us-gaap_OperatingExpenses
Loss from Operations	(127,275)	(132,917)
Other income (Expense)
Interest expense- derivative	(783,624)us-gaap_InterestExpenseDebt	(3,709,639)us-gaap_InterestExpenseDebt
Other income (expenses)	(783,624)us-gaap_OtherExpenses	(3,709,639)us-gaap_OtherExpenses
Profit (Loss)	(910,899)	(3,842,323)
Interest Income	1,233us-gaap_InterestIncomeExpenseNet
Net Profit (Loss)	$ (909,666)us-gaap_NetIncomeLoss	$ (3,842,323)us-gaap_NetIncomeLoss
Net income (loss) per common share-basic	$ 0.00us-gaap_EarningsPerShareBasic	$ (0.02)us-gaap_EarningsPerShareBasic
Weighted average common shares outstanding- basic	245,731,274	191,780,556

STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
STATEMENTS OF CASH FLOWS (USD $)	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (666,106)us-gaap_NetIncomeLoss	$ (21,528,531)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used by operating activities:
Derivative interest	485,712ctle_DerivativeInterest	21,078,096ctle_DerivativeInterest
Debt forgiveness
Changes in operating assets and liabilities:
(Increase) in Notes Receivable	(3,754)	(100,233)
Related party payables
Accounts payable and accrued expenses	27,090	87,123
NET CASH USED IN OPERATING ACTIVITIES	(157,058)	(463,545)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from loan	3,000us-gaap_ProceedsFromLoans
Proceeds from convertible notes payable	165,274	437,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	168,274	437,000
NET CHANGE IN CASH	11,216	(26,545)
Cash at beginning of the period		28,196
Cash at end of the period	11,216	1,651
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:
Interest paid
Income tax paid

BALANCE SHEETS (USD $)	Mar. 31, 2015	Jun. 30, 2014
CURRENT ASSETS
Cash	$ 11,216us-gaap_Cash
Loan Receivable	105,233us-gaap_LoansReceivableNet	101,480us-gaap_LoansReceivableNet
Total current assets	116,449us-gaap_AssetsCurrent	101,480us-gaap_AssetsCurrent
Total Assets	116,449us-gaap_Assets	101,480us-gaap_Assets
CURRENT LIABILITIES:
Accounts payable	187,294us-gaap_AccountsPayableCurrent	160,204us-gaap_AccountsPayableCurrent
Cash overdraft		1us-gaap_BankOverdrafts
Notes payable	3,000us-gaap_NotesPayableCurrent
Convertible notes payable	1,021,294us-gaap_ConvertibleNotesPayable	1,230,950us-gaap_ConvertibleNotesPayable
Derivative Liability	2,795,949us-gaap_DerivativeLiabilities	56,674,290us-gaap_DerivativeLiabilities
Accrued interest payable
Total current liabilities	4,007,537us-gaap_LiabilitiesCurrent	58,065,445us-gaap_LiabilitiesCurrent
Total liabilities	4,007,537us-gaap_Liabilities	58,065,445us-gaap_Liabilities
STOCKHOLDERS' DEFICIT
Preferred stock: $0.001 par value; 10,000,000 shares authorized; none issued or outstanding at March 31, 2015 and December 31, 2014, respectively
Common stock: $0.001 par value; 500,000,000 shares authorized; 250,692,385 and 103,125,000 shares issued respectively at March 31, 2015 and June 30, 2014, respectively.	250,692us-gaap_CommonStockValue	103,125us-gaap_CommonStockValue
Common stock issuable
Additional paid in capital	55,073,772us-gaap_AdditionalPaidInCapital	482,356us-gaap_AdditionalPaidInCapital
Accumulated deficit	(59,215,552)	(58,549,446)
Total stockholders' deficit	(3,891,088)us-gaap_StockholdersEquity	(57,963,965)us-gaap_StockholdersEquity
Total liabilities and stockholders' deficit	$ 116,449	$ 101,480