Attached files
| file | filename |
|---|---|
| 10-Q/A - INFRASTRUCTURE DEVELOPMENTS CORP. | f10qjune2014amendedvedgar.htm |
| EX-31 - INFRASTRUCTURE DEVELOPMENTS CORP. | exhibit31.htm |
| EX-32 - INFRASTRUCTURE DEVELOPMENTS CORP. | exhibit32.htm |
| EX-99 - INFRASTRUCTURE DEVELOPMENTS CORP. | exhibit992.htm |
| EXCEL - IDEA: XBRL DOCUMENT - INFRASTRUCTURE DEVELOPMENTS CORP. | Financial_Report.xls |
| XML - IDEA: XBRL DOCUMENT - INFRASTRUCTURE DEVELOPMENTS CORP. | R9999.htm |
Exhibit 99.1
FINANCIAL STATEMENTS OF INFRASTRUCTURE DEVELOPMENTS CORP.
January 1 through June 24, 2014
Infrastructure Developments Corp | ||||||
Condensed Balance Sheets | ||||||
(Unaudited) | ||||||
June 24, | December 31, | |||||
2014 | 2013 | |||||
ASSETS | (Unaudited) |
|
| |||
Current assets: | ||||||
Cash | $ | 5,354 | $ | 2,946 | ||
Accounts Receivable | - | - | ||||
Other current assets | - |
| - | |||
Total current assets | 5,354 | 2,946 | ||||
Property and Equipment (net) | - | - | ||||
Total Assets | $ | 5,354 | $ | 2,946 | ||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||
Current liabilities: | ||||||
Accounts payables | - | - | ||||
Accrued expenses | 106,334 | 92,884 | ||||
Notes payable | 30,035 |
| 22,185 | |||
Total current liabilities | 136,369 | 115,069 | ||||
Total liabilities | $ | 136,369 | $ | 115,069 | ||
Stockholders' equity: | ||||||
Preferred stock, $0.001 par value, 10,000,000 shares authorized | ||||||
9,000,000 shares issued and outstanding | 9,000 | 9,000 | ||||
Common stock, $0.001 par value, 3,000,000,000 shares authorized; | ||||||
653,774,657 shares issued | 493,775 | 491,775 | ||||
Additional paid-in capital | 8,707,141 | 8,705,141 | ||||
Retained earnings | (9,340,931) |
| (9,318,039) | |||
Total stockholders' equity: | (131,015) |
| (112,123) | |||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 5,354 | $ | 2,946 | ||
The accompanying notes are an integral part of these consolidated financial statements.
Infrastructure Developments Corp | |||||||||||
Condensed Statements of Operations | |||||||||||
(Unaudited) | |||||||||||
Three Months Ended June 24, | Six Months Ended June 24, | ||||||||||
2014 |
| 2013 | 2014 |
| 2013 | ||||||
Net revenues: | |||||||||||
Revenue | $ | - | $ | - | $ | - | $ | - | |||
Total net revenues | - | - | - | - | |||||||
Cost of Sales |
| - |
| - |
| - |
| - | |||
Gross Income |
| - |
| - |
| - |
| - | |||
Operating expenses: | |||||||||||
General, selling and administrative expenses | 7,041 | 4,651 | 10,892 | 14,331 | |||||||
Salaries and wages |
| 6,000 |
| 6,000 |
| 12,000 |
| 12,000 | |||
Total operating expenses |
| 13,041 |
| 10,651 |
| 22,892 |
| 26,331 | |||
Income (loss) from operations |
| (13,041) |
| (10,651) |
| (22,892) |
| (26,331) | |||
Other income (expense) | |||||||||||
Interest income (expense) | - | - | - | 14,979 | |||||||
Loss on Investment | - | (19,301) | - | (19,301) | |||||||
Other income (expense) |
| - |
| - |
| - |
| - | |||
Total other income (expense) |
| - |
| (19,301) |
| - |
| (4,322) | |||
Income (loss) before income tax | (13,041) | (29,952) | (22,892) | (30,653) | |||||||
Provision for income taxes |
| - |
|
|
| - |
| - | |||
Net income (loss) | $ | (13,041) | $ | (29,952) | $ | (22,892) | $ | (30,653) | |||
Basic income (loss) per share | $ | - | $ | - | $ | - | $ | - | |||
Diluted income (loss) per share | $ | - | $ | - | $ | - | $ | - | |||
Weighted average shares - Basic | 547,107,990 | 471,774,657 | 520,107,990 | 471,774,657 | |||||||
Weighted average shares - Diluted | 547,107,990 | 471,774,657 | 520,107,990 | 471,774,657 | |||||||
The accompanying notes are an integral part of these consolidated financial statements.
Infrastructure Developments Corp | |||||
Condensed Statements of Cash Flows | |||||
(Unaudited) | |||||
For the Six Months Ended | |||||
June 24, | June 30, | ||||
2014 |
| 2013 | |||
CASH FLOWS FROM OPERATING ACTIVITIES | |||||
Net income ( loss) | $ | (22,892) | $ | (30,654) | |
Adjustments to reconcile net income to net cash | |||||
provided by operating activities | |||||
Depreciation and amortization | - | - | |||
(Gain) Loss on investment | - | 19,301 | |||
Changes in operating Assets and Liabilities: | |||||
Decrease (increase) in: | |||||
Accounts receivable | - | - | |||
Prepaid Expenses | - | - | |||
Other current assets | - | - | |||
Increase (decrease) in: | |||||
Accounts Payable | - | (262,706) | |||
Notes Payable | 7,850 | ||||
Accrued Expenses |
| 13,450 |
| 6,041 | |
Net Cash Provided (Used) in Operating Activities |
| (1,592) |
| (268,018) | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||
Purchase of property and equipment | - | - | |||
Repayment of related party payable | - | - | |||
Net Cash Provided (Used) by Investing Activities | - | - | |||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||
Repayment of Long term debt | - | - | |||
Increase in long term debt | - | - | |||
Common stock issued for services | 4,000 | - | |||
Proceeds from convertible debt | - | 264,528 | |||
Net Cash Provided by Financing Activities | 4,000 |
| 264,528 | ||
NET INCREASE IN CASH | 2,408 | (3,490) | |||
CASH AT BEGINNING OF PERIOD | 2,946 |
| 7,600 | ||
CASH AT END OF PERIOD | $ | 5,354 | $ | 4,110 | |
The accompanying notes are an integral part of these consolidated financial statements.