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. | exhibit991.htm |
| EXCEL - IDEA: XBRL DOCUMENT - INFRASTRUCTURE DEVELOPMENTS CORP. | Financial_Report.xls |
| XML - IDEA: XBRL DOCUMENT - INFRASTRUCTURE DEVELOPMENTS CORP. | R9999.htm |
Exhibit 99.2
FINANCIAL STATEMENTS OF ORBIS REAL ESTATE
January 1 through June 24, 2014
| ORBIS REAL ESTATE | ||
| Balance Sheets | ||
|
| As of | As of |
|
| June 24, 2014 | December 31, 2013 |
|
| Amount (USD) | Amount (USD) |
|
|
|
|
| Assets |
|
|
|
|
|
|
| Current assets: |
|
|
| Cash | 7,441 | 3,357 |
| Receivables, net | 5,764 | - |
| Prepaid expenses | 13,756 | 13,034 |
| Other current assets | 18,330 | 5,469 |
|
|
|
|
| Total current assets | 45,291 | 21,859 |
|
|
|
|
| Property and equipment, net | 16,454 | 19,935 |
|
|
|
|
| Total Assets | 61,746 | 41,794 |
|
|
|
|
|
|
|
|
| Liabilities and Stockholders' Equity | ||
|
|
|
|
| Current liabilities: |
|
|
| Notes payable | 143,207 | 113,603 |
| Accounts payable | 4,482 | - |
| Accrued expenses | 32,507 | 2,769 |
|
|
|
|
| Total liabilities | 180,195 | 116,372 |
|
|
|
|
| Shareholders' Equity |
|
|
| Capital stock | - | - |
|
|
|
|
| Additional paid-in capital | - | - |
|
|
|
|
| Retained earnings | (118,450) | (74,578) |
|
|
|
|
| Equity Funds | (118,450) | (74,578) |
|
|
|
|
|
|
|
|
| Total Liabilities and Stockholders' Equity | 61,746 | 41,794 |
| ORBIS REAL ESTATE | ||
| Statements of Operations | ||
|
| For the Period Ended | For the Period Ended |
|
| June 24, 2014 | December 31, 2013 |
|
| Amount (USD) | Amount (USD) |
| Revenues |
|
|
| Commission Income | 92,187 | 34,256 |
|
|
|
|
| Direct Costs |
|
|
| Commission Expense | 57,582 | 20,769 |
|
|
|
|
| Gross profit | 34,605 | 13,487 |
|
|
|
|
| Operating expenses: |
|
|
| General, selling and administrative expenses | 46,021 | 67,729 |
| Salaries and wages | 28,976 | 18,791 |
| Depreciation | 3,481 | 1,545 |
|
|
|
|
| Total operating expenses | 78,477 | 88,065 |
|
|
|
|
| Income (Loss) from operations | (43,872) | (74,578) |
| Other income (expense): |
|
|
| Interest Income/(Expense) | - | - |
| Other income (expense) | - | - |
|
|
|
|
| Total other income (expense) | - | - |
|
|
|
|
| Income (Loss) before Income Taxes | (43,872) | (74,578) |
|
|
|
|
| Provision for income taxes |
|
|
|
|
|
|
| NET INCOME/(LOSS) | (43,872) | (74,578) |
| ORBIS REAL ESTATE | ||
| Statement of Cash Flows | ||
|
| For the Period Ended | For the Period Ended |
|
| June 24, 2014 | December 31, 2013 |
|
| Amount (USD) | Amount (USD) |
|
|
|
|
| Cash flows from operating activities: |
|
|
| Net income (loss) | (43,872) | (74,578) |
| Adjustments to reconcile net income to net cash |
|
|
| provided by operating activities |
|
|
| Depreciation | 3,481 | 1,545 |
| Changes in operating assets and liabilities: |
|
|
| Decrease (increase) in: |
|
|
| Accounts receivable | (5,764) | 0 |
| Prepaid expenses | (723) | (13,034) |
| Other current assets | (12,861) | (5,469) |
| Increase (decrease) in: |
|
|
| Notes payable | 29,604 | 113,603 |
| Accounts payable | 4,482 | 0 |
| Accrued expenses | 29,737 | 2,769 |
|
|
|
|
| Net cash provided by (used in) Operating Activities | 4,085 | 24,836 |
|
|
|
|
| Cash Flows from Investing Activities: |
|
|
| Purchase of property and equipment | 0 | (21,479) |
|
|
|
|
| Net cash provided by (used in) investing activities | 0 | (21,479) |
|
|
|
|
| Cash Flows from Financing Activities: |
|
|
| Payments on short term notes | 0 | 0 |
| Common stock issued | 0 | 0 |
| Increase (Decrease) in long term debt | 0 | 0 |
|
|
|
|
|
|
|
|
| Net cash provided by (used in) financing activities | 0 | 0 |
|
|
|
|
| Net increase (decrease) in cash and cash equivalents | 4,085 | 3,357 |
|
|
|
|
| Cash and cash equivalents at beginning of year | 3,357 | 0 |
|
|
|
|
| Cash and cash equivalents at end of year | 7,441 | 3,357 |