$APSI
AQUA POWER SYSTEMS INC.

2013 Form 10-K Financial Statement

#000114420413041712 Filed on July 29, 2013

View on sec.gov

Income Statement

Concept 2013 2012 Q2 2012
Revenue $2.268K $18.70K $2.588K
YoY Change -12.36%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $164.9K $30.00K $80.80K
YoY Change 104.07% 556.91%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.57K $0.00 $12.46K
YoY Change 0.82% 2048.97%
% of Gross Profit
Operating Expenses $201.6K $30.00K $80.80K
YoY Change 149.49% 556.93%
Operating Profit -$199.3K -$78.22K
YoY Change 154.84%
Interest Expense $7.480K $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$191.8K -$20.00K -$78.22K
YoY Change 145.28% 535.89%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$191.8K -$20.00K -$78.22K
YoY Change 145.28% 535.89%
Net Earnings / Revenue -8458.95% -106.98% -3022.22%
Basic Earnings Per Share
Diluted Earnings Per Share -$21.43K -$2.286K -$9.261K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2013 2012 Q2 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.270K $110.0K $109.7K
YoY Change -97.02% 463.48%
Cash & Equivalents $109.7K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $510.00 $256.00 $260.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.790K $110.0K $110.0K
YoY Change -96.55% 464.82%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $49.27K $49.27K
YoY Change -100.0% -20.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $49.27K $49.27K
YoY Change -100.0% -20.2%
TOTAL ASSETS
Total Short-Term Assets $3.790K $110.0K $110.0K
Total Long-Term Assets $0.00 $49.27K $49.27K
Total Assets $3.790K $159.2K $159.2K
YoY Change -97.62% 96.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.70K $12.50K $12.50K
YoY Change 49.6% 400.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $29.92K $10.00K $12.50K
YoY Change 139.36% 400.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $29.92K $10.00K $12.50K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $29.92K $12.50K $12.50K
YoY Change 139.36% 400.0%
SHAREHOLDERS EQUITY
Retained Earnings -$90.51K
YoY Change
Common Stock $237.3K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$26.13K $146.7K $146.7K
YoY Change
Total Liabilities & Shareholders Equity $3.790K $159.2K $159.2K
YoY Change -97.62% 96.08%

Cashflow Statement

Concept 2013 2012 Q2 2012
OPERATING ACTIVITIES
Net Income -$191.8K -$20.00K -$78.22K
YoY Change 145.28% 535.89%
Depreciation, Depletion And Amortization $12.57K $0.00 $12.46K
YoY Change 0.82% 2048.97%
Cash From Operating Activities -$98.58K -$10.00K -$35.21K
YoY Change 180.0% 2785.82%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$6.030K
YoY Change
Cash From Investing Activities -$6.034K $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$1.825K $125.5K
YoY Change -101.45% 51.14%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.825K 80.00K $125.5K
YoY Change -101.45% 51.14%
NET CHANGE
Cash From Operating Activities -$98.58K -10.00K -$35.21K
Cash From Investing Activities -$6.034K 0.000
Cash From Financing Activities -$1.825K 80.00K $125.5K
Net Change In Cash -$106.4K 70.00K $90.24K
YoY Change -217.95% 363.74%
FREE CASH FLOW
Cash From Operating Activities -$98.58K -$10.00K -$35.21K
Capital Expenditures $0.00
Free Cash Flow -$98.58K -$10.00K -$35.21K
YoY Change 180.0% -157.62%

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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="TEXT-ALIGN: justify; FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px 0pt 0.75in; TEXT-INDENT: 0px"> <strong><em><u>(C) Use of Estimates</u></em></strong></p> <p style="TEXT-ALIGN: justify; FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px 0pt 0.75in; TEXT-INDENT: 0px"> &nbsp;</p> <p style="TEXT-ALIGN: justify; FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px 0pt 0.75in; TEXT-INDENT: 0px"> In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Significant estimates include valuation of in kind contribution of services, valuation of deferred tax assets, provision for allowance for doubtful accounts, and depreciable lives and impairment of equipment. Actual results could differ from those estimates.</p> <!--EndFragment--></div> </div>
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ValuationAllowanceDeferredTaxAssetChangeInAmount
65940 USD
CY2012 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
23791 USD
CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
8951351 shares
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
8446194 shares

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