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EXCEL - IDEA: XBRL DOCUMENT - Earn-A-Car Inc.Financial_Report.xls
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v2.4.0.6
BALANCE SHEETS (unaudited) (USD $)
Nov. 30, 2012
Feb. 29, 2012
Current Assets    
Cash and cash equivalents $ 791,103 $ 171,354
Receivables, net 591,533 99,721
Total Current Assets 1,382,636 271,075
Property and equipment, net 27,368 14,242
Revenue-earning vehicles, net 4,408,459 2,982,060
Other Assets    
Loans to shareholders 0 0
Loan receivable 18,032 15,312
Total Other Assets 18,032 15,312
TOTAL ASSETS 5,836,495 3,282,689
Current Liabilities    
Accounts payable 329,326 292,447
Accrued expenses 17,100 51,747
Current portion of leases payable 453,116 593,533
Current portion of loans payable 710,736 152,243
Total Current Liabilities 1,510,278 1,089,970
Long-term Debt    
Loans from shareholders 0 1,000
Leases payable 762,324 741,582
Loans payable 2,361,753 726,808
Total Long-term Debt 3,124,077 1,469,390
Total Liabilities 4,634,355 2,559,360
Stockholders' Equity    
Common stock, $0.0000001 par value, 250,000,000 shares authorized, 112,250,000 and 112,250,000 shares issued and outstanding, respectively 11 11
Additional paid in capital 5,423 5,423
Accumulated other comprehensive (loss) (201,296) (35,278)
Retained earnings 1,398,002 753,173
Total Stockholders' Equity 1,202,140 723,329
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 5,836,495 $ 3,282,689