Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

v2.4.0.8
STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended 164 Months Ended
Aug. 31, 2014
Aug. 31, 2013
Aug. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ (51,237) $ (94,170) $ (381,784)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 4,192 4,192 20,960
Shares issued for services 0 0 125,000
Amortization of debt discount 22,643 68,068 90,711
Imputed interest 1,319 1,170 2,489
Changes in assets and liabilities:      
Accounts payable 462 700 21,733
Accrued interest, related party 0 2,852 7,403
Net cash provided by (used in) operating activities (22,621) (17,188) (113,488)
CASH FLOWS FROM INVESTING ACTIVITIES      
Net cash provided by (used in) investing activities 0 0 0
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from (repayments of) bank overdrafts (22) 22 0
Proceeds from sale of common stock and preferred stock 0 0 30,180
Proceeds from officer, loans, related party 0 0 43,537
Proceeds from convertible debt - related party 22,643 17,128 39,771
Net cash provided by (used in) financing activities 22,621 17,150 113,488
Net increase (decrease) in cash and cash equivalents 0 (38) 0
Cash and cash equivalents at beginning of period 0 38 0
Cash and cash equivalents at end of period 0 0 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Interest paid 0 0 0
Income taxes paid 0 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Discount on beneficial conversion feature 22,643 68,068 90,711
Stock issued for conversion of debt 75,043 0 75,043
Reclassification of notes payable to convertible debt 0 62,597 62,597
Value of common stock issued for services 0 0 125,000
Value of common stock issued for equipment 0 0 25,340
Non-cash preferred stock conversion $ 0 $ 0 $ 3,000