DREWRYS BREWING CO
CIK:0001511159|SEC Filings
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Statements of Operations (Unaudited) (USD $)
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3 Months Ended | 6 Months Ended | ||||||||
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Jun. 30, 2014
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Jun. 30, 2013
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Jun. 30, 2014
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Jun. 30, 2013
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| Income Statement [Abstract] | ||||||||||
| REVENUES | $ 3,352 | $ 449 | $ 7,201 | $ 449 | ||||||
| Cost of Goods Sold | 4,406 | 7,565 | ||||||||
| Gross Profit | (1,054) | 449 | (365) | 449 | ||||||
| Advertising and Promotion | 810 | 6,901 | 2,105 | 13,567 | ||||||
| General and Administrative | 2,666 | 1,103 | 6,779 | 1,714 | ||||||
| Professional Fees | 3,500 | 53,569 | 11,730 | 56,319 | ||||||
| Interest | 2,374 | 500 | 5,002 | 500 | ||||||
| Total Operating Expenses | 9,350 | 62,073 | 25,616 | 72,100 | ||||||
| Income (Loss) Before Income Taxes | (10,404) | (61,624) | (25,980) | (71,651) | ||||||
| Provision for Income Taxes | ||||||||||
| Net (loss) | $ (10,404) | $ (61,624) | $ (25,980) | $ (71,651) | ||||||
| Basic and diluted net loss per common share | [1] | [1] | [1] | [1] | ||||||
| Weighted average number of common shares outstanding | 12,100,500 | 9,972,297 | 12,100,500 | 9,501,704 | ||||||
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Statements of Cash Flows (Unaudited) (USD $)
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6 Months Ended | |
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Jun. 30, 2014
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Jun. 30, 2013
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| OPERATING ACTIVITIES: | ||
| Net loss | $ (25,980) | $ (71,651) |
| Changes in operating assets and liabilities: | ||
| Stock issued for services | 303,300 | |
| Accounts Receivable | 1,653 | |
| (Increase)/Decrease in Prepaid Expenses | (259,971) | |
| Inventory | 6,708 | |
| Accounts Payable and Accrued Expenses | 12,643 | 4,562 |
| Net cash used in operating activities | (4,976) | (23,760) |
| INVESTING ACTIVITIES: | ||
| Net cash provided by (used in) investing activities | ||
| FINANCING ACTIVITIES: | ||
| Advances from related parties | 2,451 | 4,773 |
| Proceeds from Note payable | 44,300 | |
| Payment on Note Payable | (5,852) | |
| Issuance of stock for cash | 7,750 | |
| Net cash provided by (used in) financing activities | (3,401) | 56,823 |
| NET INCREASE IN CASH | (8,377) | 33,063 |
| CASH BEGINNING BALANCE | 10,596 | 128 |
| CASH ENDING BALANCE | 2,219 | 33,191 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Taxes paid | ||
| Interest paid | $ 850 | |
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Balance Sheets (Unaudited) (USD $)
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Jun. 30, 2014
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Dec. 31, 2013
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| CURRENT ASSETS: | ||
| Cash and equivalents | $ 2,219 | $ 10,596 |
| Accounts Receivable-Net | 226 | 1,879 |
| Inventory | 0 | 6,708 |
| Total Current Assets | 2,445 | 19,183 |
| OTHER ASSETS: | ||
| Trademarks | 560 | 560 |
| Total Other Assets | 560 | 560 |
| Total Assets | 3,005 | 19,743 |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY) | ||
| Accounts payable and accrued liabilities | 49,542 | 36,899 |
| Advances from related parties | 16,050 | 13,598 |
| Note Payable | 79,148 | 85,000 |
| Total Liabilities | 144,740 | 135,497 |
| STOCKHOLDERS' EQUITY (DEFICIT): | ||
| Common stock , par value $.001; 75,000,000 shares authorized; 12,100,500 shares issued as of June 30, 2014 and 12,100,500 as of December 31, 2013 | 12,101 | 12,101 |
| Additional paid in capital | 307,008 | 307,008 |
| Accumulated Deficit | (460,842) | (434,863) |
| Total Stockholders' Equity/(Deficit) | (141,734) | (115,754) |
| Total Liabilities and Stockholders' Equity/(Deficit) | $ 3,005 | $ 19,743 |