AZAZ Capital Corp.

CIK:0001500768|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Revenue
Consulting	$ 0	$ 0	$ 22,323	$ 0
Realized gain on investments	11,395	731	28,383	1,400
Total Revenue	11,395	731	50,706	1,400
Operating Expenses:
General and administrative	36,195	6,468	52,231	7,573
Financial	124	0	2,344	140
Total Operating Expenses	36,319	6,468	54,575	7,713
Loss from Operations	(24,924)	(5,737)	(3,869)	(6,313)
Forgiveness of advances from related party	4,438	0	4,438	0
Net (Loss) Earnings	(20,486)	(5,737)	569	(6,313)
Foreign currency translation	(2,588)	0	(191)	(89)
Comprehensive Income (Loss)	$ (23,074)	$ (5,737)	$ 378	$ (6,402)
Earnings (Loss) Per Share:
Basic and Diluted	$ 0.00	$ 0.00	$ 0.00	$ 0.00
eighted Average Shares Outstanding: Basic and Diluted	205,941,175	3,100,000	179,216,964	3,100,000

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Jun. 30, 2011	Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings (loss)	$ 569	$ (6,313)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities
Contributed services	9,000
Accrued interest	2,275
Gain on sale of investments	(11,395)
Forgiveness of advances from related party	(4,438)
Changes in operating assets and liabilities:
Accounts receivable	(20,736)	0
Accounts payable	34,831	5,814
Proceeds from foreign exchange trading	11,395
Net Cash Provided By (Used In) Operating Activities	21,501	(499)
CASH FLOWS FROM INVESTING ACTIVITIES
Net Cash Provided By Investing Activities	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from stockholders	(930)	0
Advances from related parties	4,438
Proceeds from issuance of common stock	0	310
Net Cash (Used In) Provided by Financing Activities	3,508	310
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(683)	(476)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	24,326	(665)
CASH AND CASH EQUIVALENTS:
Beginning of the Period	57,277	6,782
End of the Period	81,603	6,117
Supplemental Cash Flow Information:
Interest paid	250	140
Income taxes paid	0	0
Common shares issued in settlement of accounts payable	25,756	0
Common shares issued in settlement of loan payable and accrued interest	$ 52,059	$ 0

CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Jun. 30, 2011	Dec. 31, 2010
Current Assets:
Cash and cash equivalents	$ 81,603	$ 57,277
Accounts receivable	20,736	0
Total Current Assets	102,339	57,277
TOTAL ASSETS	102,339	57,277
Current Liabilities:
Accounts payable and accrued liabilities	51,953	42,878
Advances from stockholders	4,628	5,558
Loan payable	0	50,270
Total Current Liabilities	56,581	98,706
Stockholders’ Equity (Deficit):
Preferred Stock par value $0.0001; 100,000,000 shares authorized; none issued and outstanding	0	0
Common Stock par value $0.0001; 400,000,000 shares authorized; 205,941,175 issued and outstanding	20,594	340
Additional paid-in capital	85,090	18,535
Accumulated other comprehensive loss	(3,926)	(3,735)
Accumulated deficit	(56,000)	(56,569)
Total Stockholders’ Equity (Deficit)	45,758	(41,429)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$ 102,339	$ 57,277