Taylor Consulting Inc.

CIK:0001544597|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Consolidated Statements Of Operations
REVENUE	$ 15,368	$ 9,392	$ 81,297	$ 17,232
COST OF GOODS SOLD	9,256	1,773	16,433	3,234
GROSS PROFIT	6,112	7,619	64,864	13,998
OPERATING EXPENSES
General and administrative expenses	145,915	177,733	486,592	410,168
LOSS FROM OPERATIONS	(139,803)	(170,114)	(421,728)	(396,170)
OTHER INCOME (EXPENSE)
Interest expense	(109,971)	$ (15,188)	(467,763)	$ (15,188)
Interest Income	29		78
Net loss from continuing operations	$ (249,745)	$ (185,302)	(889,413)	$ (411,358)
Net income from discontinued operations		1,709	59,805	2,437
NET LOSS	$ (249,745)	$ (183,593)	$ (829,608)	$ (408,921)
NET LOSS PER COMMON SHARE: Basic and diluted
Continuing Operations	$ (0.02)	$ (0.02)	$ (0.09)	$ (0.05)
Discontinued Operations		0.00	0.01	0.00
Net loss	$ (0.02)	$ (0.02)	$ (0.08)	$ (0.05)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING: Basic and diluted	11,326,146	8,020,000	10,219,919	8,020,000

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (829,608)	$ (408,921)
Net income from discontinued operations	(59,805)	(2,437)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of discount on convertible note payable	$ 442,554	7,607
Preferred stock issued for services		1
Depreciation and amortization	$ 152	2,576
Changes in operating assets and liabilities:
Accounts receivable and accrued revenue		$ 90
Land inventory	$ 8,574
Prepaid expenses and other current assets	$ (2,026)
Income tax receivable		$ 1,913
Accounts payable and accrued liabilities	$ (162,186)	$ 140,502
Deferred revenue	(1,000)
Accrued interest payable	22,299
NET CASH USED IN OPERATING ACTIVITIES	$ (581,046)	$ (258,669)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of land		(64,627)
Capitalized website development		(8,066)
NET CASH USED IN INVESTING ACTIVITIES		(72,693)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from advances	$ 502,660	369,852
Proceeds from related party notes issued		$ 51,197
Repayments of related party notes	$ (51,197)
NET CASH PROVIDED BY FINANCING ACTIVITIES	451,463	$ 421,049
CASH FLOW FROM DISCONTINUED OPERATIONS:
Net cash provided by operating activities	$ 117,393	6,911
Net cash used in investing activities		(64,680)
NET CASH PROVIDED BY DISCONTINUED OPERATIONS	$ 117,393	(57,769)
NET INCREASE (DECREASE) IN CASH	(12,190)	31,918
CASH, at the beginning of the period	21,392	3,075
CASH, at the end of the period	9,202	$ 34,993
Supplemental Disclosures of Cash Flow Information:
Interest	$ 2,910
Taxes
Noncash investing and financing transaction:
Refinance of advances into convertible notes payable	$ 502,660	$ 369,852
Beneficial conversion discount on convertible note payable	502,660	$ 369,852
Conversion of convertible notes payable	$ 469,947

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2015	Mar. 31, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 9,202	$ 21,392
Security Deposits	750	$ 750
Short-term property loans	2,026
Total current assets	11,978	$ 22,142
Fixed assets net of accumulated depreciation of $228 and $119, respectively	564	716
Land held for sale	$ 56,053	64,627
Assets of discontinued operations		61,970
TOTAL ASSETS	$ 68,595	149,455
CURRENT LIABILITIES
Accounts payable and accrued expenses	52,054	$ 223,015
Advances payable	$ 8,775
Deferred revenue		$ 1,000
Short-term notes payable, related party	$ 5,000	5,000
Total current liabilities	65,829	229,015
Convertible notes payable, net of discount of $487,350 and $427,244, respectively	$ 15,310	16,587
Note payable, related party		51,197
Accrued interest payable	$ 12,869	16,686
Liabilities of discontinued operations		4,382
TOTAL LIABILITIES	$ 94,008	$ 317,867
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIT
Common Stock, $0.000001 par value; 90,000,000 shares authorized; 11,694,463 shares and 8,065,537 shares issued and outstanding at December 31, 2015 and March 31, 2015, respectively	$ 12	$ 8
Preferred Stock, $0.000001 par value; 10,000,000 shares authorized; 1,000,000 shares issued and outstanding at December 31, 2015 and March 31, 2015, respectively	1	1
Additional paid-in capital	1,639,430	666,827
Accumulated deficit	(1,664,856)	(835,248)
Total stockholders' deficit	(25,413)	(168,412)
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT	$ 68,595	$ 149,455