Easy Organic Cookery, Inc.
CIK:0001498622|SEC Filings
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
|
| REVENUE: | ||||
| Royalty and service fees | $ 250,456 | $ 98,697 | $ 601,232 | $ 385,417 |
| Rebate and incentive revenues | 67,849 | 4,331 | 195,479 | 52,907 |
| Total revenue | 318,305 | 103,028 | 796,711 | 438,324 |
| OPERATING EXPENSES: | ||||
| Payroll and benefits | 153,073 | 11,563 | 270,162 | 111,833 |
| General and administrative | 124,758 | 12,203 | 153,105 | 33,678 |
| Travel and entertainment | 18,908 | 11,877 | 53,396 | 32,263 |
| Professional fees | 77,398 | 11,659 | 105,487 | 34,852 |
| Marketing and advertising | 13,569 | 5,134 | 20,964 | 57,603 |
| Depreciation | 1,080 | 1,141 | 3,240 | 3,425 |
| Total operating expenses | 388,786 | 53,577 | 606,354 | 273,654 |
| Net (loss) income before income taxes | (70,481) | 49,451 | 190,357 | 164,670 |
| Provision for income taxes | (27,500) | 0 | 74,200 | 0 |
| NET (LOSS) INCOME | $ (42,981) | $ 49,451 | $ 116,157 | $ 164,670 |
| Net (loss) income per common share, basic and diluted (in Dollars per share) | $ 0.00 | $ 0.00 | $ 0.01 | $ 0.01 |
| Weighted average number of common shares outstanding, basic and diluted (in Shares) | 19,920,000 | 15,000,000 | 16,640,000 | 15,000,000 |
STATEMENTS OF CASH FLOWS (unaudited) - USD ($) |
9 Months Ended | |
|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $ 116,157 | $ 164,670 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation expense | 3,240 | 3,425 |
| Bad debt expense | 105,491 | 0 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (99,961) | (31,287) |
| Accounts payable | 8,632 | (32,717) |
| Income taxes payable | 74,200 | 0 |
| Unearned income | (65,418) | (58,086) |
| Net cash provided by operating activities | 142,341 | 46,005 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchase of equipment | 0 | (250) |
| Net cash used in investing activities | 0 | (250) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Distributions | (124,004) | (70,173) |
| Net cash used in financing activities | (124,004) | (70,173) |
| Net increase (decrease) in cash | 18,337 | (24,418) |
| Cash, beginning of period | 2,275 | 28,954 |
| Cash, end of period | 20,612 | 4,536 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | 0 | 0 |
| Income taxes paid | $ 0 | $ 0 |
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) |
Jun. 30, 2015 |
Sep. 30, 2014 |
|---|---|---|
| Current assets: | ||
| Cash | $ 20,612 | $ 2,275 |
| Accounts receivable, net | 46,085 | 51,615 |
| Total current assets | 66,697 | 53,890 |
| Equipment, net | 14,026 | 17,266 |
| Total assets | 80,723 | 71,156 |
| Current liabilities: | ||
| Accounts payable and accrued expenses | 67,631 | 58,999 |
| Income taxes payable | 74,200 | 0 |
| Unearned income | 9,661 | 75,079 |
| Total current liabilities | 151,492 | 134,078 |
| Stockholders' deficit: | ||
| Common stock, $0.001 par value; 1,500,000,000 shares authorized, 25,660,000 and 15,000,000 shares issued and outstanding as of June 30, 2015 and September 30, 2014, respectively | 25,660 | 15,000 |
| Common stock subscription | 35,000 | 0 |
| Deficit | (131,429) | (77,922) |
| Total stockholders' deficit | (70,769) | (62,922) |
| Total liabilities and stockholders' deficit | $ 80,723 | $ 71,156 |