$SLTN

SILVERTON ENERGY, INC.

CIK:0001508786|SEC Filings

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended		60 Months Ended
STATEMENTS OF OPERATIONS - USD ($)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015
Revenues
Revenues
Total Revenues
EXPENSES
Office and general	15,364	47,239	75,117
Professional fees	110,500	184,534	343,384
Total Expenses	138,714	235,773	435,351
Interest expense	12,850	4,000	16,850
NET LOSS	$ (138,714)	$ (235,773)	$ (435,351)
BASIC AND DILUTED LOSS PER COMMON SHARE	$ 0.00	$ 0.00	$ 0.00
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	52,424,875	52,424,875

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended		60 Months Ended
STATEMENTS OF CASH FLOWS - USD ($)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015
OPERATING ACTIVITIES
Net loss	$ (138,714)	$ (235,773)	$ (435,351)
Adjustment to reconcile net loss to net cash used in operating activities
Increase in interest payable	12,850	4,317	17,167
Decrease (increase) in other current assets	1,042	(1,358)	(316)
Increase in accounts payable and accrued expenses	70,166	57,241	154,271
NET CASH (USED IN) OPERATING ACTIVITIES	(54,656)	(175,573)	(264,229)
INVESTING ACTIVITIES
Increase in loan receivable	(22,500)	(23,581)	(46,081)
NET CASH USED BY INVESTING ACTIVITIES	(22,500)	(23,581)	(46,081)
FINANCING ACTIVITIES
Proceeds from sale of common stock			16,390
Bank overdraft	266		266
Proceeds from loan payable	65,000	210,000	275,000
Loans from related party		200	18,654
NET CASH PROVIDED BY FINANCING ACTIVITIES	65,266	210,200	310,310
NET INCREASE (DECREASE) IN CASH	(11,890)	11,046
CASH, BEGINNING OF PERIOD	11,890	844
CASH, END OF PERIOD		11,890
Supplemental cash flow information and noncash financing activities:
Cash paid for: Interest paid
Cash paid for: Income tax paid
Significant noncash financing activities:
Conversion of accounts payable to capital contribution	$ 90,000		$ 90,000

BALANCE SHEETS - USD ($)	Sep. 30, 2015	Sep. 30, 2014
Current Assets
Cash		$ 11,890
Other current assets	817	1,359
Loan receivable	46,081	23,581
Total Current Assets	46,898	36,830
Current Liabilities
Accounts payable and accrued liabilities	23,221	84,106
Accounts payable - Realted Party	33,550
Bank overdraft	266
Loan payable	275,000	210,000
Interest payable	17,668	4,317
Loans from related party	26,154	18,654
Total Current Liabilities	375,859	317,077
STOCKHOLDERS' EQUITY (DEFICIT)
Capital stock Authorized 500,000,000 shares of common stock, $0.001 par value, Issued and outstanding 52,424,875 shares as of September 30, 2015 and at September 30, 2014	52,425	52,425
Additional paid-in capital	53,965	(36,035)
Deficit accumulated during the developmental stage	(435,351)	(296,637)
Total Stockholders' Equity (Deficit)	(328,961)	(280,247)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 46,898	$ 36,830