KOLASCO CORP
CIK:0001542261|SEC Filings
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Kolasco Corp. - Condensed Statement of Operations (USD $)
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3 Months Ended | 9 Months Ended | ||
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Aug. 31, 2014
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Aug. 31, 2013
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Aug. 31, 2014
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Aug. 31, 2013
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| Income Statement | ||||
| Revenues | ||||
| Expenses | ||||
| Depreciation expense | 85 | 85 | 261 | 255 |
| General and Administrative | 24 | 40 | 616 | 171 |
| Professional Fees | 1,675 | 1,306 | 6,334 | 23,854 |
| Total Expense | 1,784 | 1,431 | 7,211 | 24,280 |
| LOSS FROM OPERATIONS | (1,784) | (1,431) | (7,211) | (24,280) |
| INCOME TAX EXPENSE | ||||
| NET LOSS | $ (1,784) | $ (1,431) | $ (7,211) | $ (24,280) |
| Basic and diluted net loss per share | $ 0.00 | $ 0.00 | $ 0.00 | $ (0.01) |
| Weighted-average number of common shares outstanding | 108,000,000 | 108,000,000 | 108,000,000 | 108,000,000 |
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Kolasco Corp. - Condensed Statements of Cash Flows (USD $)
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3 Months Ended | 9 Months Ended | ||
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Aug. 31, 2014
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Aug. 31, 2013
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Aug. 31, 2014
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Aug. 31, 2013
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| Cash flows from operating activities: | ||||
| NET LOSS | $ (1,784) | $ (1,431) | $ (7,211) | $ (24,280) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation expense | 85 | 85 | 261 | 255 |
| Net Cash used in Operating Activities | (6,950) | (24,025) | ||
| Cash flows from investing activities: | ||||
| Purchase of property and equipment | ||||
| Net cash used in investing activities | ||||
| Cash Flows from financing activities: | ||||
| Proceeds from notes payable- related party | 1,170 | 21,915 | ||
| Common stock issued for cash | ||||
| Net cash provided by financing activities | 1,170 | 21,195 | ||
| Net increase (decrease) in cash | (5,780) | (2,110) | ||
| Cash, beginning of period | 6,474 | 4,930 | ||
| Cash, end of period | 694 | 2,820 | 694 | 2,820 |
| Supplemental Cash Flow Information: | ||||
| Cash paid for interest | ||||
| Cash paid for income taxes | ||||
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Kolasco Corp. - Condensed Balance Sheet (USD $)
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Aug. 31, 2014
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Nov. 30, 2013
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| Current Assets: | ||||||
| Cash | $ 694 | $ 6,474 | ||||
| Total Current Assets | 694 | 6,474 | ||||
| Fixed Assets | ||||||
| Property and Equipment, Net | 260 | |||||
| Total Assets | 694 | 6,734 | ||||
| Liabilities | ||||||
| Related party loan- shareholder | 29,058 | 27,888 | ||||
| Total Liabilities | 29,058 | 27,888 | ||||
| Stockholders' Equity (Deficit) | ||||||
| Common stock | 108,000 | [1] | 108,000 | [1] | ||
| Additional paid-in capital | ||||||
| Accumulated Deficit | (136,364) | (129,154) | ||||
| Total Stockholders' Equity (Deficit) | (28,364) | (21,154) | ||||
| Total Liabilities and Stockholders' Equity (Deficit) | $ 694 | $ 6,734 | ||||
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