American Renaissance Capital, Inc.

CIK:0001614106|SEC Filings

Statement of Cash Flows - USD ($)	12 Months Ended		59 Months Ended
Statement of Cash Flows - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$ (86,383)	$ (22,234)	$ (160,016)
Adjustments to reconcile net loss to net cash provided/(used) by operating activities:
Depreciation and amortization	25,548		25,548
LIFO Inventory	(77,482)		(77,482)
Share-based compensation	0	0	7,123
Increase (decrease) in:
Accounts Payable	11,290	3,145	20,133
Accrued Interest Payable	15,207		15,207
Deposits	(2,860)		(2,860)
Total adjustments	23,637	3,145	32,480
Net cash used by operating activities	(114,680)	(19,089)	(172,348)
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for property and equipment	(167,239)		(167,239)
Payments for real estate purchase	(1,389,812)		(1,389,812)
Net cash provided by financing activities	(1,557,051)	0	(1,557,051)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from loans payable	27,889	9,354	70,740
Proceeds from long-term liabilities	1,647,808		1,647,808
Proceeds from shares issued	0	0	18,429
Net cash provided by financing activities	1,675,697	9,354	1,736,977
Increase in cash	3,966	(9,735)	7,578
Cash - beginning of period	3,613	13,348	0
Cash - end of period	$ 7,579	$ 3,613	$ 7,579

Balance Sheet - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 7,579	$ 3,613
LIFO Inventory	77,482	0
Prepaid and other current assets	2,860	0
Total current assets	87,921	3,613
Property, plant and equipment, net	1,518,502	0
Total assets	1,606,423	3,612.67
Current liabilities
Accounts payable	20,132	8,843
Other current liabilities	15,207	0
Total current liabilities	35,339	8,843
Long-term debt including obligations under capital leases and financing obligations	57,741	42,851
Mortgage-related liabilities	1,647,808
Total liabilities	$ 1,740,888	$ 51,694
Stockholders' deficit:
Issuance of common stock at $0.0001 per share (in shares)	8,538	8,538
Additional Paid-in Capital	$ 17,014	$ 17,014
Accumulated Deficits	(160,016)	(73,633)
Total stockholders' equity	(134,464)	(48,081)
Total liabilities and stockholders' equity	$ 1,606,423	$ 3,613