ENERGY TODAY, INC.

CIK:0001499618|SEC Filings

Condensed Statements of Operations (Unaudited) (USD $)	3 Months Ended
Condensed Statements of Operations (Unaudited) (USD $)	Mar. 31, 2013	Mar. 31, 2012
Statements Of Operations [Abstract]
Revenue, net	$ 192,400	$ 205,708
Cost of sales
Contract labor	19,019	13,833
Other costs of sales	6,443	4,167
Total cost of sales	25,462	18,000
Gross profit	166,938	187,708
Operating expenses:
Advertising	1,934	7,164
Provision for bad debts	(11,000)
Depreciation	7,258	5,475
Rent	9,900	10,850
Salaries	66,375	110,430
Telephone	5,458	3,945
Other	99,353	55,449
Net operating expenses	179,278	193,313
Loss before other income and expenses	(12,340)	(5,605)
Other income and (expenses)
Income tax (expense)/benefit		(625)
Total other income and (expenses)		(625)
Net loss	$ (12,340)	$ (6,230)
Net loss per common share - Basic and fully diluted	$ 0.00	$ 0.00
Weighted average number of shares outstanding - Basic and fully diluted	147,700,915	45,592,713

Condensed Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
Condensed Statements of Cash Flows (Unaudited) (USD $)	Mar. 31, 2013	Mar. 31, 2012
Cash flows from operating activities:
Net loss	$ (12,340)	$ (6,230)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation expense	7,258	5,475
Accounts receivable	8,358	12,481
Prepaid expenses	644
Deferred tax asset - current		(2,000)
Accounts payable and accrued expenses	(15,796)	(7,804)
Net cash provided (used) by operating activities	(11,876)	(2,040)
Cash flows from financing activities:
Shareholders' loans	22,758
Loans payable	(5,727)	(6,773)
Net cash used by financing activities	17,031	(6,773)
Net increase in cash	5,155	(8,813)
Cash at beginning of period	27,973	12,021
Cash at end of period	33,128	3,208
Cash paid during the period for:
Interest	3,282	16,699
Income taxes
Noncash Transactions
Purchase of intangible asset for common stock	$ (82,500)

Balance Sheets (USD $)	Mar. 31, 2013	Dec. 31, 2012
Current Assets:
Cash and cash equivalents	$ 33,128	$ 27,973
Accounts receivable, net of allowance of $3,500 and $15,000, respectively	20,038	28,396
Employee advances
Deferred tax asset	7,000	7,000
Total current assets	60,166	64,013
Furniture and Equipment, net	114,451	121,709
Other Assets:
Intangibles	82,500
Deferred tax asset - non-current	2,000	2,000
Total other assets	84,500	2,000
Total Assets	259,117	187,722
Liabilities:
Accounts payable and accrued expenses	73,676	89,472
Loans payable - stockholder	28,758	16,000
Loans payable - current portion	23,845	23,536
Total current liabilities	136,279	129,008
Non-current Liabilities
Loans payable - net of current portion	90,723	96,759
Total non-current liabilities	90,723	96,759
Stockholders' Equity (Deficit):
Common stock, $0.0001 par value; 250,000,000 shares authorized, 240,009,700 and 185,400,000 shares issued and outstanding, respectively	24,001	18,540
Additional paid in capital	66,463	(10,576)
Treasury stock, at cost
Retained Earnings (Deficit)	(58,349)	(46,009)
Total stockholders' equity (deficit)	32,115	(38,045)
Total liabilities and stockholders' equity	$ 259,117	$ 187,722