Sport Stix Inc.

CIK:0001561196|SEC Filings

STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)	3 Months Ended		19 Months Ended
STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2014
OPERATING EXPENSES
General & administrative expenses	$ (71,156)	$ (278,593)	$ (2,332,424)
Total Operating Expenses	(71,156)	(278,593)	(2,332,424)
LOSS FROM OPERATIONS	(71,156)	(278,593)	(2,332,424)
OTHER EXPENSE
Interest expense	(763)	(109)	(2,343)
Total Other Expense	(763)	(109)	(2,343)
NET LOSS	$ (71,919)	$ (278,702)	$ (2,334,767)
Weighted average number of common shares outstanding - basic and fully diluted	8,830,652	7,828,967
Net loss per share - basic and fully diluted	$ (0.01)	$ (0.04)

STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	3 Months Ended		19 Months Ended
STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2014
CASH FLOWS OPERATING ACTIVITIES
Net Loss	$ (71,919)	$ (278,702)	$ (2,334,767)
Adjustments to reconcile net loss with cash used in operations:
Stock based compensation expense	45,000	247,000	2,147,050
CHANGE IN OPERATING ASSETS AND LIABILITIES
Accrued expenses	1,575	(9,753)	8,680
Related party payable	0	(525)	0
Accrued interest	763	109	2,172
Employee advances	0	0	(311)
Accounts payable	3,021	(285)	(10,049)
Net Cash (Used in) Operating Activities	(21,560)	(42,156)	(167,127)
CASH FLOWS FROM FINANCING ACTIVITIES
Common stock issued for cash	0	34,750	97,451
Borrowings from related parties	21,100	0	54,575
Borrowings from third parties	0	0	16,000
Repayments to related parties	0	(775)	(775)
Net Cash Provided From Financing Activities	21,100	33,975	167,251
Net Increase (decrease) In Cash and Cash Equivalents	(460)	(8,181)	124
Cash at Beginning of Period	584	13,455	0
Cash at End of Period	124	5,274	124
Supplemental Disclosures
Interest Paid	0	0	0
Taxes Paid	$ 0	$ 0	$ 0
Non-cash Transactions:
Conversion of Debt to Equity	1,000	0	1,000

BALANCE SHEETS (USD $)	Jan. 31, 2014	Oct. 31, 2013
CURRENT ASSETS
Cash	$ 124	$ 584
Employee Advances	311	311
Total Current Assets	435	895
TOTAL ASSETS	435	895
LIABILITIES & SHAREHOLDERS' (DEFICIT)
Accounts Payable	10,049	7,028
Convertible Note Payable	15,000	16,000
Convertible Note Payable - Related Party	8,250	8,250
Note Payable - Related Party	45,550	24,450
Accrued Interest	2,172	1,409
Accrued Expenses	8,680	7,105
TOTAL LIABILITIES	89,701	64,242
Common stock, $0.001 par value, 74,000,000 authorized, 8,981,000 and 8,799,000 issued and outstanding as of January 31, 2014 and October 31, 2013, respectively.	8,981	8,799
Additional paid in capital	2,236,520	2,190,702
(Deficit) accumulated during development stage	(2,334,767)	(2,262,848)
TOTAL SHAREHOLDERS' (DEFICIT)	(89,266)	(63,347)
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT)	$ 435	$ 895