Chimera Energy Corp
CIK:0001532796|SEC Filings
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STATEMENTS OF OPERATIONS (USD $)
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3 Months Ended | 9 Months Ended | 10 Months Ended |
|---|---|---|---|
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May 31, 2012
|
May 31, 2012
|
May 31, 2012
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| STATEMENTS OF OPERATIONS [Abstract] | |||
| REVENUES | $ 2,880 | $ 8,000 | $ 25,000 |
| COST OF REVENUES | 2,000 | 5,870 | 20,870 |
| GROSS PROFIT | 880 | 2,130 | 4,130 |
| OPERATING EXPENSES | |||
| Selling, General and Administrative | 13,630 | 43,548 | 44,628 |
| Professional Fees | 50,833 | 50,833 | 50,833 |
| Total Operating Expenses | 64,463 | 94,381 | 95,461 |
| OPERATING INCOME | (63,583) | (92,251) | (91,331) |
| OTHER EXPENSES | |||
| Interest expense | (3,750) | (11,250) | (11,620) |
| Total Other Expenses | (3,750) | (11,250) | (11,620) |
| NET LOSS | $ (67,333) | $ (103,501) | $ (102,951) |
| NET LOSS PER SHARE: | |||
| Common Stock: Basic and Diluted Net Loss Per Share | $ 0.0 | $ (0.01) | |
| Denominator for Basic and Diluted Net Loss Per Share Weighted Average Number of Common Shares Outstanding | 15,098,901 | 12,505,494 |
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STATEMENTS OF CASH FLOWS (USD $)
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9 Months Ended | 10 Months Ended |
|---|---|---|
|
May 31, 2012
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May 31, 2012
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| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net Income | $ (103,501) | $ (102,951) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Compensatory Element of Stock Issuance | 22,500 | 22,500 |
| Changes in Operating Assets and Liabilities: | ||
| Accounts Receivable | 14,200 | (2,800) |
| Inventory | (970) | (15,970) |
| Accrued Interest on Notes Payable | 11,250 | 11,250 |
| Accounts Payable and Accrued Expenses | 240 | 679 |
| NET CASH USED IN OPERATING ACTIVITIES | (56,281) | (87,292) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from Note Payable | 100,000 | |
| Proceeds from the Sale of Common Stock | 75,000 | 85,000 |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 75,000 | 185,000 |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 18,719 | 97,708 |
| CASH AND CASH EQUIVALENTS, Beginning of Period | 78,989 | |
| CASH AND CASH EQUIVALENTS, End of Period | 97,708 | 97,708 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Interest Paid | ||
| Income Taxes Paid |
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BALANCE SHEETS (USD $)
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May 31, 2012
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Aug. 31, 2011
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|---|---|---|
| CURRENT ASSETS | ||
| Cash and Cash Equivalents | $ 97,708 | $ 78,989 |
| Accounts Receivable, Net | 2,800 | 17,000 |
| Inventory | 15,970 | 15,000 |
| Total Current Assets | 116,478 | 110,989 |
| TOTAL ASSETS | 116,478 | 110,989 |
| CURRENT LIABILITIES | ||
| Accounts Payable and Accrued Expenses | 309 | 69 |
| Accrued Interest on Notes Payable | 11,620 | 370 |
| Total Current Liabilities | 11,929 | 439 |
| Notes Payable | 100,000 | 100,000 |
| TOTAL LIABILITIES | 111,929 | 100,439 |
| STOCKHOLDERS' DEFICIT | ||
| Common stock, $0.01 par value, 100,000,000 shares authorized; 16,500,000 and 10,000,000 shares outstanding, respectively | 16,500 | 10,000 |
| Additional Paid In Capital | 91,000 | |
| Retained Earnings (Deficit Accumulated) During Development Stage | (102,951) | 550 |
| TOTAL STOCKHOLDERS' EQUITY | 4,549 | 10,550 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 116,478 | $ 110,989 |