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EXCEL - IDEA: XBRL DOCUMENT - Franchise Holdings International, Inc.Financial_Report.xls
10-K - QUARTERLY REPORT - Franchise Holdings International, Inc.fnhi_10k.htm
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v2.4.0.6
Statements of Cash Flows (Unaudited) (USD $)
12 Months Ended 139 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Cash flows from operating activities:      
Net income (loss) $ (22,554) $ (11,908) $ 11,194
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Amortization and depreciation 0 0 475
Stock based compensation 0 0 2,750
Loss on disposal of fixed asset 0 0 1,408
Gain on debt relief 0 0 (388,095)
Changes in operating assets and liabilities:      
Bank overdraft (2) 2 0
Accounts payable 1,530 (1,556) 20,406
Accrued expenses 0 0 233,519
Related parties payables 0 0 87,431
Net cash (used in) provided by operating activities (21,026) (13,462) (30,912)
Cash flows from financing activities:      
Capital contributed by related parties 21,344 12,792 46,880
Notes payable - borrowings 0 0 10,000
Notes payable - payments 0 0 (25,650)
Net cash provided by financing activities 21,344 12,792 31,230
Net change in cash 318 (670) 318
Cash, beginning of period 0 670 0
Cash, end of period 318 0 318
Cash paid during the period for:      
Income taxes 0 0 0
Interest $ 0 $ 0 $ 0