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EXCEL - IDEA: XBRL DOCUMENT - Psychic Friends Network Inc.Financial_Report.xls
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EX-31 - Psychic Friends Network Inc.ex31.txt
EX-32 - Psychic Friends Network Inc.ex32.txt
v2.4.0.6
STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended 65 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
OPERATING ACTIVITIES      
Net loss $ (379,562) $ (20,452) $ (454,634)
Adjustments to reconcile net loss from operations:      
Stock-based compensation 96,179 0 96,179
Amortization 5,503 0 5,503
Change in operating assets and liabilities:      
Prepaid expenses (1,000) 0 (1,000)
Accounts payable and accrued liabilities 32,097 3,900 37,697
NET CASH USED IN OPERATING ACTIVITIES (246,783) (16,552) (316,255)
INVESTING ACTIVITIES      
Capitalization of website development costs (46,750) 0 (46,750)
NET CASH USED IN INVESTING ACTIVITIES (46,750) 0 (46,750)
FINANCING ACTIVITIES      
Proceeds from issuance of common stock 781,000 0 804,900
Proceeds from cash subscriptions payable 0 0 0
Proceeds from related parties 12,323 16,480 58,003
NET CASH PROVIDED BY FINANCING ACTIVITIES 793,323 16,480 862,903
NET (DECREASE) IN CASH AND CASH EQUIVALENTS 499,790 (72) 499,898
CASH AND CASH EQUIVALENTS-BEGINNING OF PERIOD 108 180 0
CASH AND CASH EQUIVALENTS -END OF PERIOD 499,898 108 499,898
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid for interest 0 0 0
Cash paid for taxes 0 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Common stock issued in asset acquisition 58,003 0 58,003
Liabilities assumed in asset acquisition $ 400 $ 0 $ 400