GreenKissNY, Inc.

CIK:0001641488|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Service Revenue, net	$ 3,551,742	$ 2,784,368
Cost of Services	2,888,347	2,373,091
Gross Profit	663,395	411,277
Operating Expenses
Management fees		311,271
General and administrative expenses	900,630	125,194
Total Operating Expenses	900,630	436,465
Loss from Operations	(237,235)	(25,188)
Other Expense
Other expense	(4,088)	(1,006)
Total Other Expense	(4,088)	(1,006)
Net Loss	$ (241,323)	$ (26,194)
Basic and diluted loss per share	$ (0.005)	$ (0.001)
Weighted average number of shares outstanding- basic and diluted	50,000,000	47,490,000

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (241,323)	$ (26,194)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	2,836	1,901
Changes in operating assets and liabilities:
Accounts receivable	(181,130)	(59,852)
Prepaid expenses	49,909	39,028
Accrued expenses and accrued settlement	(27,283)	41,690
Other accrued expense liability	(16,312)
NET CASH USED IN OPERATIONS	(413,303)	(3,427)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	(3,934)	(19,310)
CASH USED IN INVESTING ACTIVITIES	(3,934)	(19,310)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short term loan from related party		150,000
Payments to short term loan from related party		(75,000)
Advances from short term loan payable from principal stockholder	100,000	100
Payments on short term loan payable from principal stockholder		(4,476)
Proceeds from revolving line of credit	250
Payments on accrued settlement	(20,833)	(20,833)
NET CASH PROVIDED BY FINANCING ACTIVITIES	79,417	49,791
NET (DECREASE) INCREASE IN CASH	(337,820)	27,054
CASH AT BEGINNING OF PERIOD	845,411	271,276
CASH AT END OF PERIOD	507,591	298,330
Supplemental Disclosures of Cash Flow Information
Cash paid for interest	$ 4,131	$ 1,006

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current Assets
Cash	$ 507,591	$ 845,411
Accounts receivable, net of allowance for doubtful accounts of $0	588,028	406,898
Prepaid expenses and other current assets	8,906	58,815
Total current assets	1,104,525	1,311,124
Equipment, net of accumulated depreciation of $26,829 and $23,993, respectively	27,975	26,877
Trademark	2,250	2,250
TOTAL ASSETS	1,134,750	1,340,251
Current Liabilities
Accrued expenses and accrued settlement	817,800	845,083
Short-term loan payable from principal stockholder	123,420	23,420
Revolving lines of credit	132,732	132,482
Total current liabilities	1,073,952	1,000,985
Non-current Liabilities
Other liability	77,166	93,478
Accrued settlement	69,445	90,278
Total non-current liabilities	146,611	183,756
Total Liabilities	1,220,563	1,184,741
Commitments
Stockholders' (Deficit) Equity
Preferred stock, $0.00001 par value (shares authorized-10,000,000); no shares issued and outstanding at March 31, 2016 and at December 31, 2015
Common stock, $0.00001 par value (shares authorized-100,000,000); 50,000,000 shares issued and outstanding at March 31, 2016 and at December 31, 2015	500	500
Additional paid-in capital	1,973,736	1,973,736
Accumulated deficit	(2,060,049)	(1,818,726)
Total stockholders' (deficit) equity	(85,813)	155,510
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY	$ 1,134,750	$ 1,340,251