Equisource Hotel Fund I, LLP
CIK:0001562872|SEC Filings
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Condensed Statement of Operations (unaudited) (USD $)
|
3 Months Ended | 18 Months Ended | |
|---|---|---|---|
|
Mar. 31, 2014
|
Mar. 31, 2013
|
Mar. 31, 2014
|
|
| Condensed Statement Of Operations | |||
| Revenue | |||
| Expenses | |||
| General and administrative | 7,901 | 1,323 | 48,688 |
| Loss from Operations | (7,901) | (1,323) | (48,688) |
| Interest Income | 92 | 854 | |
| Net loss | $ (7,809) | $ (1,323) | $ (47,834) |
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Condensed Statement of Cash Flows (unaudited) (USD $)
|
3 Months Ended | 18 Months Ended | |
|---|---|---|---|
|
Mar. 31, 2014
|
Mar. 31, 2013
|
Mar. 31, 2014
|
|
| OPERATING ACTIVITIES | |||
| Net loss | $ (7,809) | $ (1,323) | $ (47,834) |
| Adjustments to reconcile net income to net cash used in operations: | |||
| Decrease due to accounts receivable | 761 | ||
| Increase due to accounts payable | (2,744) | 1,500 | |
| Net cash used in operating activities | (9,792) | (1,323) | (46,334) |
| FINANCING ACTIVITIES | |||
| Proceeds received under subscription agreement | 3,061,300 | 3,061,300 | |
| General partner contributions | 9,000 | 48,235 | |
| Net cash provided by financing activities | 3,070,300 | 3,109,535 | |
| Net change in cash | 3,060,508 | (1,323) | 3,063,201 |
| Cash beginning of period | 2,693 | 2,329 | |
| Cash end of period | 3,063,201 | 1,006 | 3,063,201 |
| Supplemental schedule of cash flow information | |||
| Cash paid for interest | |||
| Cash paid for taxes | |||
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Condensed Balance Sheets (USD $)
|
Mar. 31, 2014
|
Dec. 31, 2013
|
|---|---|---|
| Current Assets | ||
| Cash | $ 3,063,201 | $ 2,693 |
| Accounts receivable | 761 | |
| TOTAL ASSETS | 3,063,201 | 3,454 |
| Current Liabilities | ||
| Accounts payable | 1,500 | 4,244 |
| TOTAL LIABILITIES | 1,500 | 4,244 |
| Partner Equity (Deficit) | ||
| Limited partners | 3,061,300 | |
| General partner | 401 | (790) |
| TOTAL PARTNER EQUITY (DEFICIT) | 3,061,701 | (790) |
| TOTAL LIABILITIES AND PARTNER EQUITY (DEFICIT) | $ 3,063,201 | $ 3,454 |