OVERTECH CORP.

CIK:0001570649|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATION - USD ($)	3 Months Ended	6 Months Ended
CONSOLIDATED STATEMENTS OF OPERATION - USD ($)	Jun. 30, 2015	Jun. 30, 2015
Revenue from services	$ 2,346,320	$ 3,707,154
Cost of sales	(1,825,136)	(2,963,641)
Gross profit	521,184	743,513
Operating expenses
Administrative fees	9,000	18,000
Advertising fees	7,799	7,799
Audit and accounting fees	51,876	67,679
Automobile expenses	3,014	3,014
Depreciation	9,528	15,454
Facility rent and maintenance costs	3,865	4,502
Foreign exchange	2,237	(1,116)
Legal fees	51,584	77,617
Other operating expenses	63,677	64,041
Regulatory fees	4,188	7,476
Total operating expenses	206,768	264,466
Net income before taxes and interest	314,416	479,047
Other income or expenses	(681)	2,996
Net income before tax	313,735	482,043
Provision for income tax	147,948	201,215
Net Income	165,787	280,828
Other comprehensive loss
Exchange differences on translation	2,439	(15,205)
Net and comprehensive income	$ 168,226	$ 265,623
Net income per share - basic and diluted	$ 0.00	$ 0.01
Weighted average number of shares outstanding - basic and diluted	72,560,000	72,560,000

CONSOLIDATED STATEMENTS OF CASH FLOWS	6 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS	Jun. 30, 2015 USD ($)
Cash flows generated by operating activities
Net income	$ 280,828
Non-cash items
Amortization	15,454
Changes in operating assets and liabilities
Accounts receivable	(363,438)
Prepaids	(12,026)
Accounts payable and accrued liabilities	91,960
Due from related party	(124,708)
Payroll liabilities	126,623
Other liabilities	(38,667)
Income taxes	203,364
Net cash provided by operating activities	179,390
Cash flows used in financing activities
Bank indebtedness	(100,310)
Net cash used in financing activities	(100,310)
Cash flows used in investing activities
Cash acquired on acquisition	748
Net cash provided by investing activities	748
Effects of foreign currency exchange	(18,259)
Net increase in cash	61,569
Cash, beginning	0
Cash, ending	61,569
Cash paid for:
Income tax	0
Interest	$ 0

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current assets
Cash	$ 61,569	$ 0
Accounts receivable	897,819	1,618
Prepaids	22,535	11,404
Due from related parties	210,839	784,727
Total current assets	1,192,762	797,749
Property and equipment	1,401,316	155,323
Total assets	2,594,078	953,072
Current liabilities
Bank indebtedness	72,850	187,844
Accounts payable and accrued liabilities	376,620	159,686
Payroll liabilities	470,128	159,558
Other liabilities	65,988	107,693
Due to related parties	407,641	213,095
Income taxes	271,507	6,869
Total current liabilities	1,664,734	834,745
Long-term loan	122,672	133,107
Total liabilities	1,787,406	967,852
Stockholders' equity(deficit)
Common stock $0.001 par value, 75,000,000 common shares authorized, 72,560,000 issued and outstanding at June 30, 2015 and December 31, 2014	72,975	72,975
Additional paid-in capital	2,183,419	1,658,000
Comprehensive income (loss)	3,827	(11,378)
Accumulated deficit	(1,453,549)	(1,734,377)
Total stockholders' equity	806,672	(14,780)
Total liabilities and stockholders' equity	$ 2,594,078	$ 953,072