Artemis Acquisition Corp.
CIK:0001522118|SEC Filings
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Statements of Operations (Unaudited) (USD $)
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3 Months Ended | 9 Months Ended |
|---|---|---|
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Sep. 30, 2012
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Sep. 30, 2012
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| Income Statement [Abstract] | ||
| Revenue: | $ 0 | $ 0 |
| General and administrative expenses: | ||
| Organization and related expenses | 15,311 | 18,450 |
| Total expenses | 15,311 | 18,450 |
| Net loss | $ (15,311) | $ (18,450) |
| Basic loss per share | $ (0.0001) | $ (0.0003) |
| Weighted average number of common shares outstanding | 108,509,565 | 60,587,531 |
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Statements of Cash Flows (Unaudited) (USD $)
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9 Months Ended |
|---|---|
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Sep. 30, 2012
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| Cash flows from operating activities: | |
| Cash paid to suppliers | $ (18,450) |
| Net cash used for operating activities | (18,450) |
| Cash flows from investing activities: | |
| Cash advance to affiliate | (255,991) |
| Net cash used for investing activities | (255,991) |
| Cash flows from financing activities: | |
| Advances from stockholder | 9,300 |
| Cash received from stock subscriptions | 359,389 |
| Net cash provided by financing activities | 368,689 |
| Net increase in cash and cash equivalents | 94,248 |
| Cash and cash equivalents at inception | 0 |
| Cash and cash equivalents, end of period | 94,248 |
| Reconciliation of change in net assets to net cash used for operating activities | |
| Net loss | (18,450) |
| Net cash used for operating activities | $ (18,450) |
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Balance Sheets (Unaudited) (USD $)
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Sep. 30, 2012
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|---|---|
| Current assets: | |
| Cash and cash equivalents | $ 94,248 |
| Total current assets | 94,248 |
| Due from affiliate - Note 4 | 255,991 |
| Total assets | 350,239 |
| Liabilities and Stockholders' Equity | |
| Advance from stockholder - Note 3 | 9,300 |
| Total long-term liabilities | 9,300 |
| Stockholders' equity - Note 2: | |
| Preferred stock, $.0001 par value - 20,000,000 shares authorized; none issued and outstanding | 0 |
| Common stock, $.0001 par value - 500,000,000 shares authorized; 313,390,000 shares issued and outstanding as of September 30, 2012 | 31,339 |
| Additional paid in capital | 330,550 |
| Stock subscription receivable | (2,500) |
| Deficit accumulated during the development stage | (18,450) |
| Total stockholders' equity | 340,939 |
| Total liabilities and stockholders' equity | $ 350,239 |