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EXCEL - IDEA: XBRL DOCUMENT - Panache Beverage, Inc.Financial_Report.xls
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v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss for the period $ (835,840) $ 71,286
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Non-controlling interest (294,477) (599,231)
Depreciation 710 165
Bad debt expense    2,026
Stock issued for services rendered 220,000   
Advertising expense from capital contribution 182,572 438,884
Stock-based compensation 49,250   
Accounts receivable 168,610 11,808
Inventory 18,535 7,308
Prepaid expenses (120,383)   
Accounts payable 138,946 (75,796)
Consulting fees payable-related party (2,705) 4,884
Accrued interest 3,670 (196)
Other current liabilities 34,334 (9,728)
CASH FLOWS USED IN OPERATING ACTIVITIES (436,778) (148,590)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (3,440) (1,658)
CASH FLOWS USED IN INVESTING ACTIVITIES (3,440) (1,658)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from notes payable    282,215
Repayments of notes payable    (154,965)
Proceeds from loans payable-related parties 23,805 105,922
Repayments of loans payable-related parties    (72,452)
Net proceeds from factor (230,090)   
Proceeds from issuance of stock and warrants 595,000   
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES 388,715 160,720
NET INCREASE (DECREASE) IN CASH (51,503) 10,472
Cash, beginning of period 152,464 29,776
Cash, end of period 100,961 40,248
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 14,730 14,758
NONCASH INVESTING AND FINANCING ACTIVITIES    
Stock issued for services rendered 220,000   
Capital contribution - Advertising services $ 182,572