Cynk Technology Corp.

CIK:0001540160|SEC Filings

Nature of Operations and Significant Accounting Policies: Nature of Operations (Policies)	3 Months Ended
Sep. 30, 2013
Policies
Nature of Operations	*Nature of Operations* Cynk Technology Corp., formerly known as Introbuzz (“CYNK” or the “Company”) was incorporated in the State of Nevada on May 1, 2008. CYNK was founded on the premise that personal networks and contacts are valuable. Social networks are web based services that allow individuals to post a profile and link their profile to other friends and organizations. Social networks have largely been a “personal branding” exercise or for pure entertainment, CYNK is a referral service for introductions.

Nature of Operations and Significant Accounting Policies: Nature of Operations (Policies)

3 Months Ended

Sep. 30, 2013

Nature of Operations

Cynk Technology Corp., formerly known as Introbuzz (“CYNK” or the “Company”) was incorporated in the State of Nevada on May 1, 2008. CYNK was founded on the premise that personal networks and contacts are valuable. Social networks are web based services that allow individuals to post a profile and link their profile to other friends and organizations. Social networks have largely been a “personal branding” exercise or for pure entertainment, CYNK is a referral service for introductions.

STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended		65 Months Ended
STATEMENTS OF CASH FLOWS (USD $)	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Cash flows from operating activities:
Net loss	$ (1,493,877)	$ (16,119)	$ (1,579,583)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,533	6,450	43,000
Stock-based compensation	1,428,000		1,428,000
Changes in operating assets and liabilities:
Accounts payable	(5,502)	2,046	6,631
Accrued expenses	7,180	7,723	22,019
Deferred revenue and customer deposits
Total adjustments	1,433,211	16,219	1,499,650
Net cash (used in) provided by operating activities	(60,666)	100	(79,933)
Cash flows from investing activities:
Development of intangible property			43,000
Net cash used by investing activities			(43,000)
Cash flows from financing activities:
Shareholder loans, net	15,633		62,633
Proceeds from issuance of stock			60,300
Net cash provided by financing activities	15,633		122,933
Net increase (decrease) in cash and cash equivalents	(45,033)	100
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	45,033	15
CASH AND CASH EQUIVALENTS, END OF PERIOD		115
Supplemental cash flow information
Cash paid for interest
Cash paid for taxes
Non-cash transactions:
Foregiveness of debt and accrued interest, shareholder			$ 61,839

BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
CURRENT ASSETS
Cash and cash equivalents		$ 45,033
Total current assets		45,033
Intangible assets, net		3,533
TOTAL ASSETS		48,566
CURRENT LIABILITIES
Accounts payable	6,631	12,133
Accrued expenses	11,424
Due to related parties	15,633
Total current liabilities	33,688	12,133
Total liabilities	33,688	12,133
STOCKHOLDERS' DEFICIT
Common stock value	291,450	531,450
Additional paid-in capital	1,258,689	(409,311)
Accumulated deficit during development stage	1,583,827	85,706
Total stockholders' deficit	(33,688)	36,433
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		$ 48,566