Cubed, Inc.
CIK:0001507718|SEC Filings
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Consolidated Statements of Operations (unaudited) (USD $)
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3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
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Aug. 31, 2014
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Aug. 31, 2013
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Aug. 31, 2014
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Aug. 31, 2013
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| Income Statement | ||||
| Revenue | $ 3,000 | $ 4,500 | ||
| Expenses: | ||||
| Software development | 23 | 496,309 | ||
| Professional fees | 435,075 | 2,100 | 691,029 | 6,300 |
| Salaries and wages | 116,087 | 191,427 | ||
| Executive compensation | 135,031 | 195,448 | ||
| General and administrative | 144,817 | 247,192 | 699 | |
| Total expenses | 831,033 | 2,100 | 1,821,405 | 6,999 |
| Operating loss | (828,033) | (2,100) | (1,816,905) | (6,999) |
| Other expenses: | ||||
| Loss on attempted acquisitions | (2,030,000) | (2,030,000) | ||
| Total other expense | (2,030,000) | (2,030,000) | ||
| Net loss | $ (2,858,033) | $ (2,100) | $ (3,846,905) | $ (6,999) |
| Net loss per share - basic and diluted | $ (0.10) | $ 0.00 | $ (0.14) | $ 0.00 |
| Weighted average number of common shares outstanding - basic and diluted | 28,904,694 | 11,000,000 | 28,455,643 | 11,000,000 |
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Consolidated Balance Sheets (unaudited) (USD $)
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Aug. 31, 2014
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Nov. 30, 2013
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| Current assets: | |||||
| Cash and cash equivalents | $ 31,684 | $ 1,484 | |||
| Prepaid expense | 35,000 | ||||
| Total current assets | 66,684 | 1,484 | |||
| Other assets: | |||||
| Property, plan and equipment, net | 18,304 | ||||
| Software development costs | 632,940 | ||||
| Other receivable from related party | 16,600 | ||||
| Total other assets | 667,844 | ||||
| Total assets | 734,528 | 1,484 | |||
| Current liabilities: | |||||
| Accounts payable | 46,284 | ||||
| Accrued professional fees | 59,814 | 116,491 | |||
| Accrued payroll | 34,936 | ||||
| Total current liabilities | 141,034 | 116,491 | |||
| Total liabilities | 141,034 | 116,491 | |||
| Stockholders' equity | |||||
| Preferred stock value | |||||
| Common stock value | 29,965 | 29,370 | |||
| Additional paid-in capital | 4,563,441 | 8,630 | |||
| Accumulated deficit | (3,999,912) | (153,007) | |||
| Total stockholders' equity (deficit) | 593,494 | (115,007) | |||
| Total liabilities and stockholders' equity (deficit) | $ 734,528 | $ 1,484 | [1] | ||
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