ICON VAPOR, INC.

CIK:0001563915|SEC Filings

Statements of Operations (Unaudited) - USD ($)	3 Months Ended
Statements of Operations (Unaudited) - USD ($)	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Revenues	$ 51,177	$ 4,912
Costs of Goods	38,111	2,846
Gross Margin	13,066	2,066
Expenses:
Professional Fees	24,500	21,502
General and Administrative	274,621	139,049
Operating Expenses	299,121	160,551
Loss from operations	(286,055)	(158,485)
Interest	(26,306)	$ (10,534)
Loss on Inventory	(117,645)
Total Other Expense	(143,951)	$ (10,534)
Net Loss	$ (430,006)	$ (169,019)
Loss per Share	$ (0.01)	$ 0.00
Weighted Average Shares Outstanding	43,896,163	39,277,137

Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
Statements of Cash Flows (Unaudited) - USD ($)	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss for the Period	$ (430,006)	$ (169,019)
Adjustments to reconcile net loss to net cash provided by operating activities:
Amortization of Debt Discount	3,329
Depreciation and Amortization	2,434	$ 3,160
Shares Issued for Services	138,051	36,760
Changes in Operating Assets and Liabilities:
Decrease (Increase) in Accounts Payable and Accrued Expenses	39,109	$ 4,751
(Increase) Decrease in Prepaids	3,710
(Increase) Decrease in Inventory	$ (319,819)	$ 3,166
(Decrease) Increase in Interest		11,872
Net Cash Used in Operating Activities	$ (563,192)	$ (109,310)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of Property and Equipment	(8,521)
Net cash provided by Investing Activities	(8,521)
CASH FLOW FROM FINANCING ACTIVITIES:
Common Stock issued for Cash	275,000
Proceeds from Loans, net of debt of $13,000 in 2015	339,000	$ 110,000
Reduction of Debt	(1,500)	(5,000)
Net Cash Provided by Financing Activities	612,500	105,000
Net (Decrease) Increase in Cash	40,787	(4,310)
Cash at Beginning of Period	159,138	74,843
Cash at End of Period	$ 199,925	$ 70,533
Cash paid during the year for:
Interest
Franchise and Income Taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Increase in Unearned Services	$ 173,130

Balance Sheets - USD ($)	Mar. 31, 2015	Dec. 31, 2014
Current Assets
Cash and Cash Equivalents	$ 199,925	$ 159,138
Inventory	$ 319,819
Prepaid Expenses		$ 3,710
Total Current Assets	$ 519,744	162,848
Fixed Assets-net	18,149	12,062
Other assets, Security Deposit	5,414	5,414
Total Assets	543,307	180,324
Current Liabilities:
Accounts Payable and Accrued Expenses	179,168	140,059
Convertible Notes Payable	173,329	80,000
Note Payable	257,066	8,066
Related Party Debt	145,141	146,641
Total Liabilities	$ 754,704	$ 374,766
Stockholders' Equity:
Preferred Stock, Par value $0.001, Authorized 10,000,000 shares Issued 0 shares at December 31, 2014 and 2013
Common Stock, Par value $0.001 Authorized 500,000,000 shares Issued 45,996,163 and 42,696,163 shares respectively	$ 45,996	$ 42,696
Additional Paid in Capital	2,240,538	1,795,708
Unearned Services	(268,412)	(233,333)
Retained Deficit	(2,229,519)	(1,799,513)
Total Stockholders' Equity	(211,397)	(194,442)
Total Liabilities and Stockholders' Equity	$ 543,307	$ 180,324