|
Year to Dec 2012
12 months to Dec 31, 2012
|
Year to Dec 2011
12 months to Dec 31, 2011
|
|
|---|---|---|
| Net loss | ||
| Adjustments to reconcile net loss to net cash flows from operating activities: | ||
| Allowance for doubtful accounts | ||
| Impairment of inventory | ||
| Changes in assets and liabilities: | ||
| Accounts receivable | ||
| Inventory | ||
| Prepaid expenses | ||
| Accounts payable | ||
| Accrued expenses | ||
| Net cash flows used in operating activities | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Advances | ||
| Capital contribution | ||
| Repayment of related party debt | ||
| Bank overdraft | ||
| Net cash flows provided by financing activities | ||
| Increase (decrease) in cash | ||
| Cash, beginning of year | ||
| Cash, end of year | ||
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Interest paid | ||
| SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Forgiveness of debt |
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