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EXCEL - IDEA: XBRL DOCUMENT - ON THE MOVE SYSTEMS CORP.Financial_Report.xls
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10-Q/A - FORM 10-Q AMENDMENT NO. 1 FOR 08-31-2012 - ON THE MOVE SYSTEMS CORP.form_10-q.htm
v2.4.0.6
Consolidated Balance Sheets (USD $)
Aug. 31, 2012
Feb. 29, 2012
Current assets:    
Cash $ 19,771 $ 18,690
Accounts receivable 6,858 5,702
Inventory 28,615 17,135
Total current assets 55,244 41,527
Fixed assets, net of accumulated depreciation of $24,264 and $21,657, respectively 35,232 37,839
Intangible assets, net of accumulated amortization of $5,667 and $3,667, respectively 14,333 16,333
Goodwill 108,724 108,724
TOTAL ASSETS 213,533 204,423
Current liabilities:    
Accounts payable and accrued liabilities 37,300 28,071
Accounts payable and accrued liabilities - related party 20,858 10,446
Current portion of notes payable and accrued interest payable 449,961 288,115
Total current liabilities 508,119 326,632
Convertible note payable 32,600 32,600
Notes payable 6,167 10,467
Note payable to related party 77,402 79,196
Total liabilities 624,288 448,895
STOCKHOLDERS' EQUITY (DEFICIT)    
Preferred Stock, $0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding at August 31, 2012 and February 29, 2012      
Common Stock, $0.0001 par value, 100,000,000 shares authorized, 18,500,000 shares issued and outstanding at August 31, 2012 and February 29, 2012 1,850 1,850
Additional paid-in capital 3,877,150 3,877,150
Accumulated deficit (4,289,755) (4,123,472)
Total stockholders' equity (deficit) (410,755) (244,472)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 213,533 $ 204,423