COLORADO INCOME HOLDINGS INC
CIK:0001581316|SEC Filings
|
Statement of Operations and (Loss) (USD $)
|
12 Months Ended | 13 Months Ended | |
|---|---|---|---|
|
Jun. 30, 2014
|
Jun. 30, 2013
|
Jun. 30, 2014
|
|
| Revenue | |||
| Revenue | $ 8,000 | $ 8,000 | |
| Expenses | |||
| General and Administrative | 24,170 | 293,000 | 317,170 |
| Total expenses | 24,170 | 293,000 | 317,170 |
| Income from operations | (16,170) | (293,000) | (309,170) |
| Other income (expense) | |||
| Interest | |||
| Income (loss) before provision for income taxes | (16,170) | (293,000) | (309,170) |
| Provision for income tax | |||
| Loss before extraordinary items | (16,170) | (293,000) | (309,170) |
| Gain on early extinguishment of debt | 252,500 | 252,500 | |
| Net income (loss) | $ 236,330 | $ (293,000) | $ (56,670) |
| Net income (loss) per share | |||
| (Basic) | $ 0.24 | $ (0.29) | $ (0.06) |
| (Fully diluted) | $ 0.24 | $ (0.29) | $ (0.06) |
| Weighted average number of common shares outstanding | 1,000,000 | 1,000,000 | 1,000,000 |
| Fully diluted weighted average number of common shares outstanding | 1,000,000 | 1,000,000 | 1,000,000 |
|
Statement of Cash Flows (USD $)
|
12 Months Ended | 13 Months Ended | |
|---|---|---|---|
|
Jun. 30, 2014
|
Jun. 30, 2013
|
Jun. 30, 2014
|
|
| Cash Flows From Operating Activities | |||
| Net income/(loss) | $ 236,330 | $ (293,000) | $ (56,670) |
| Adjustments to reconcile net income to net cash provided by (used for) operating activities: | |||
| Stock issued for services | |||
| Extraordinary gain on early extinguishment of accounts payable | (252,500) | (252,500) | |
| Changes in operating assets and liabilities | |||
| Accounts Payable | 14,333 | 293,000 | 307,333 |
| Net cash provided by (used for) operating activities | (1,837) | (1,837) | |
| Cash Flows From Investing Activities: | |||
| Cash Flows From Financing Activities: | |||
| Seed Capital from Founder | 10,000 | 10,000 | |
| Net cash provided by (used for) financing activities | 10,000 | 10,000 | |
| Net Increase (Decrease) in Cash | (1,837) | 10,000 | 8,163 |
| Cash at Beginning of Period | 10,000 | ||
| Cash at End of Period | $ 8,163 | $ 10,000 | $ 8,163 |
|
BALANCE SHEET (USD $)
|
Jun. 30, 2014
|
Jun. 30, 2013
|
|---|---|---|
| Current assets | ||
| Cash | $ 8,163 | $ 10,000 |
| Total current assets | 8,163 | 10,000 |
| Total Assets | 8,163 | 10,000 |
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 54,833 | 293,000 |
| Total current liabilities | 54,833 | 293,000 |
| Stockholders' Equity (Deficit) | ||
| Common stock, $0.001 par value; 50,000,000 shares authorized; 1,000,000 issued and outstanding | 1,000 | 1,000 |
| Additional paid-in capital | 9,000 | 9,000 |
| Accumulated earnings (Deficit) during Development Stage | (56,670) | (293,000) |
| Total Stockholders' Equity (Deficit) | (46,670) | (283,000) |
| Total Liabilities and Stockholders' Equity (Deficit) | $ 8,163 | $ 10,000 |