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10-K - FORM 10-K - Innovative Wireless Technologies, Inc.v309295_10k.htm
EXCEL - IDEA: XBRL DOCUMENT - Innovative Wireless Technologies, Inc.Financial_Report.xls
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EX-32.1 - EXHIBIT 32.1 - Innovative Wireless Technologies, Inc.v309295_ex32-1.htm
EX-31.1 - EXHIBIT 31.1 - Innovative Wireless Technologies, Inc.v309295_ex31-1.htm
EX-10.1 - EXHIBIT 10.1 - Innovative Wireless Technologies, Inc.v309295_ex10-1.htm
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EX-23.1 - EXHIBIT 23.1 - Innovative Wireless Technologies, Inc.v309295_ex23-1.htm
v2.4.0.6
Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current Assets:    
Cash $ 5,585 $ 32,554
Inventory 241,541  
Prepaid rent 18,306  
Total current Assets 265,432 32,554
Patents 553 553
Property, equipment and leasehold improvement, net of accumulated depreciation of $ 520 7,621 0
Total Assets 273,606 33,107
Current Liabilities:    
Accrued interest 21,001 4,930
Accrued expense   34,750
Accrued Payroll liabilities 2,058  
Due to related parties 2,745  
Total Current Liabilties 25,804 39,680
Borrowing from others 749,896 149,970
Total Liabilities 775,700 189,650
Shareholders' Equity;    
Prefered stock, $ .0001 par value, 20,000,000 shares authorized, none issued and outstanding      
Common Stock, $0.0001 par value, 250,000,000 shares authorized 36,870,388 issued and outstanding as of December 31, 2011 and 2010, respectively 3,687 3,687
Paid-in capital 12,234 12,234
Deficit during Development Stage (518,015) (172,464)
Stockholders' Equity Attributable to Parent, Total (502,094) (156,543)
Total Liabilities and Shareholders' Equity $ 273,606 $ 33,107