Orbis Corp

CIK:0001621430|SEC Filings

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Statement [Abstract]
Revenue	$ 457,603	$ 294,841
Cost of revenue	371,227	220,492
Gross profit	86,376	74,349
Operating Expenses:
Impairment of website costs	82,325
Officer's compensation	201,441	63,184
Professional fees	87,114	71,352
General and administrative	63,914	15,658
Total Operating Expenses	434,794	150,194
Loss from Operations	(348,418)	(75,845)
Other Income (Expenses):
Factoring fees	(26,004)	(8,888)
Interest expense	(4,883)	(1,709)
Total Other Income (Expenses)	(30,887)	(10,597)
Net loss	(379,305)	(86,442)
Other Comprehensive Income (Loss):
Unrealized foreign currency translation gain (loss)	17,511	4,503
Total other comprehensive income (loss)	17,511	4,503
Total comprehensive income (loss)	$ (361,794)	$ (81,939)
Net loss per common share - basic and diluted
Weighted average shares outstanding - basic and diluted	82,700,959	75,000,000

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Cash Flows From Operating Activities:
Net loss	$ (379,305)	$ (86,442)
Adjustments to reconcile net loss to net cash used in operating activities:
Impairment of website costs	82,325
Changes in assets and liabilities:
Accounts receivable	(21,604)	(29,029)
Accounts payable	13,419	(1,228)
Accrued expenses	(5,696)	31,279
Accrued interest payable	4,883	1,709
Due to subcontractors	13,242	15,459
Sales tax payable	62,021	11,542
Net Cash Used In Operating Activities	(230,715)	(56,710)
Cash Flows From Investing Activities:
Cash paid for website design costs	(82,325)
Net Cash Used in Investing Activities	(82,325)
Cash Flows From Financing Activities:
Bank overdraft	4,044
Loan proceeds from (repayments to) factor, net	20,566	20,868
Cash advances from officer	22,960
Cash proceeds from sale of stock	249,000
Loan proceeds from convertible promissory notes		48,833
Net Cash Provided by Financing Activities	296,570	69,701
Effect of Exchange Rate Changes on Cash	(4,866)	(1,332)
Net (Decrease) Increase in Cash	(21,336)	11,659
Cash, Beginning of Period	20,052	8,393
Cash, End of Period	1,284	20,052
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest
Cash paid for income taxes

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current Assets:
Cash	$ 1,284	$ 20,052
Accounts receivable	52,833	37,325
Due from factor	1,152	3,353
Total Current Assets	55,269	60,730
Total Assets	55,269	60,730
Current Liabilities:
Bank overdraft	3,722
Accounts payable	13,419
Accrued expenses	34,238	44,568
Accrued interest payable	6,592	1,709
Due to sub-contractors	24,722	17,962
Loan payable to factor	47,090	33,592
Advances from officer	25,702
Sales tax payable	95,468	45,789
Convertible notes payable	48,833	48,833
Total Current Liabilities	299,786	192,453
Total Liabilities	299,786	192,453
Stockholders' Deficit:
Common stock $0.0001 par value; 500,000,000 shares authorized; 99,900,000 shares and 75,000,000 shares issued and outstanding at December 31, 2015 and 2014, respectively	9,990	7,500
Additional paid in capital	239,370	(7,140)
Accumulated deficit	(518,732)	(139,427)
Accumulated other comprehensive income	24,855	7,344
Total Stockholders' Deficit	(244,517)	(131,723)
Total Liabilities and Stockholders' Deficit	$ 55,269	$ 60,730