Clearwater Ventures, Inc.
CIK:0001606808|SEC Filings
Statements of Operations - USD ($) |
6 Months Ended | |
|---|---|---|
Aug. 31, 2015 |
Aug. 31, 2014 |
|
| Income Statement [Abstract] | ||
| Revenue, net of cost of sales | ||
| Operating expenses: | ||
| Depreciation expense | $ 44 | $ 29 |
| Professional fees | 10,264 | 17,566 |
| Administrative fees | 88 | 109 |
| Total operating expenses | 10,396 | 17,704 |
| Net loss from operations | (10,396) | $ (17,704) |
| Other income (expense): | ||
| Interest expense | (300) | |
| Net income (loss) | $ (10,696) | $ (17,704) |
| Basic and diluted loss per share | $ (0.00) | $ (0.00) |
| Weighted average shares outstanding | 18,000,000 | 16,000,000 |
Statements of Cash Flows - USD ($) |
6 Months Ended | |
|---|---|---|
Aug. 31, 2015 |
Aug. 31, 2014 |
|
| Cash flows from operating activities: | ||
| Net (loss) | $ (10,696) | $ (17,704) |
| Depreciation | 44 | 29 |
| Changes in operating assets and liabilities: | ||
| Increase in accounts payable and accrued expenses | 4,564 | 11,866 |
| Net cash provided by operating activities | $ (6,088) | (5,809) |
| Cash flows from investing activities: | ||
| Purchase of assets | (528) | |
| Purchase of components of intangible asset | $ (291) | |
| Net cash provided by investing activities | ||
| Cash flows from financing activities: | ||
| Net increase in cash | $ (6,088) | $ (6,628) |
| Cash at beginning of period | 7,188 | |
| Cash at end of period | $ 2,609 | |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | ||
| Cash paid for taxes | ||
Balance Sheets - USD ($) |
Aug. 31, 2015 |
Feb. 28, 2015 |
|---|---|---|
| Current assets: | ||
| Cash | $ 2,609 | $ 7,188 |
| Total current assets | 2,609 | 7,188 |
| Fixed assets, net | 279 | 366 |
| Other assets: | ||
| Intangible asset | 4,025 | 4,025 |
| Total assets | 6,913 | 11,579 |
| Current liabilities: | ||
| Accounts payable and accrued expenses | 73,424 | 66,221 |
| Total current liabilities | 73,424 | 66,221 |
| Long term debt | 22,500 | 20,000 |
| Total long-term debt | 22,500 | 20,000 |
| Total liabilities | $ 95,924 | $ 86,221 |
| Stockholders equity (deficit) | ||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding | ||
| Common stock, $0.001 par value; 90,000,000 shares authorized, 18,000,000 and 18,000,000 shares issued and outstanding, respectively | $ 18,000 | $ 18,000 |
| Additional paid-in capital | 17,050 | 17,050 |
| Accumulated deficit | (124,061) | (109,692) |
| Total stockholders equity (deficit) | (89,011) | (74,642) |
| Total liabilities and stockholders equity (deficit) | $ 6,913 | $ 11,579 |