DIRECT LED, INC
CIK:0001554196|SEC Filings
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Statements of Operations (USD $)
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3 Months Ended | 6 Months Ended | 14 Months Ended | ||
|---|---|---|---|---|---|
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
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|
| Income Statement [Abstract] | |||||
| Net revenue | $ 96,000 | $ 96,000 | |||
| Cost of goods sold | 76,800 | 76,800 | |||
| Income from operations | 19,200 | 19,200 | |||
| General and administrative expenses | |||||
| Research and development | 320,000 | 320,000 | |||
| Consulting and other services | 854 | 854 | |||
| Total general and administrative expenses | 320,854 | 320,854 | |||
| Loss before income taxes (benefit) | (301,654) | (301,654) | |||
| Income taxes | |||||
| Net income (loss) | $ 0 | $ (301,654) | $ (301,654) | ||
| Net loss per common share - basic and diluted | $ (0.05) | $ (0.05) | |||
| Weighted average common equivalent shares outstanding - basic and diluted | 0 | 0 | 0 | 6,034,291 | 6,034,291 |
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Statements of Cash Flows (USD $)
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6 Months Ended | 14 Months Ended |
|---|---|---|
|
Jun. 30, 2013
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Jun. 30, 2013
|
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| CASH FLOWS (TO) FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $ 0 | $ (301,654) |
| Change in operating assets and liabilities: | ||
| Accounts receivable | 0 | (96,000) |
| Accounts payable | 0 | 76,800 |
| Common stock issued to founders | 0 | 854 |
| Common stock issued for research and development expenses | 0 | 320,000 |
| Accrued income taxes | 0 | |
| Net cash used in operating activities | 0 | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Issuance of common stock for cash | 0 | 100 |
| Net cash provided by financing activities | 0 | 100 |
| NET INCREASE IN CASH & CASH EQUIVALENTS | 0 | 100 |
| CASH & CASH EQUIVALENTS, BEGINNING BALANCE | 100 | |
| CASH & CASH EQUIVALENTS, ENDING BALANCE | 100 | 100 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Interest paid | ||
| Income taxes paid | ||
| Founders shares issued in exchange for consulting and other services | 0 | 854 |
| Direct payment by majority shareholder for research and development costs | $ 320,000 |
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Balance Sheets (USD $)
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Jun. 30, 2013
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Dec. 31, 2012
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|---|---|---|
| CURRENT ASSETS: | ||
| Cash | $ 100 | $ 100 |
| Accounts receivable | 96,000 | 96,000 |
| TOTAL CURRENT ASSETS | 96,100 | 96,100 |
| TOTAL ASSETS | 96,100 | 96,100 |
| CURRENT LIABILITIES: | ||
| Accounts payable | 76,800 | 76,800 |
| TOTAL CURRENT LIABILITIES | 76,800 | 76,800 |
| STOCKHOLDERS' EQUITY | ||
| Common stock,100,000,000 shares authorized, par value $0.0001 8,535,000 shares issued and outstanding as of June 30, 2013 and December 31, 2012 | 855 | 855 |
| Additional paid-in capital | 320,099 | 320,099 |
| Retained earnings | (301,654) | (301,654) |
| TOTAL STOCKHOLDERS' EQUITY | 19,300 | 19,300 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 96,100 | $ 96,100 |