7Baggers
Quarterly
Annual
    Unit: USD2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2014-12-31 2014-09-30 2013-12-31 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-09-30 2011-03-31 2010-12-31 
      
    		                
      cash flows from operating activities
    		                
      net
    		-72,524 -20,277 -146,532 -77,370 -42,846   -114,470         
      adjustments to reconcile net
    		                
      in operating activities
    		                
      foreign currency exchange loss
    		    -3,280    5,553    1,776    
      net change receivables
    		                
      net change in prepayments
    		   -89,029 1,900 -2,660 1,206 -1,032 3,968    6,262    
      net change in accounts payable and accrued expenses
    		27,721 7,463 54,760 -1,168 44,045 28,499  -8,150  23,253 -25,111 30,446 634  10,911  
      net cash (used) in operating activities
    		-45,212 -13,690 -399 -169,610 183   -71,896         
      cash flows from financing activities
    		                
      issuance of common stock
    		0 0               
      advances from (repayment to) affiliate
    		                
      net cash from financing activities
    		44,833 13,550 -35,885 206,386 -100 38,753 4,750 80,616 51,613 37,887 58,886 22,293 25,588 139,091   
      effects of exchange rate on cash
    		   -501    -6,245         
      net (decrease) in cash
    		                
      cash at beginning of year
    		                
      cash at end of year
    		                
      see notes to financial statements
    		                
      organization and business
    		                
      adjustments to reconcile net (loss) to net cash (used) in operating activities
    		                
      foreign currency exchange (gain) loss
    		                
      net change in receivables and deposits
    		   -2,544    50,529         
      advances from (repayments to) affiliate
    		 13,550 -110,735 -705,416             
      net increase/(decrease) in cash
    		        1,125        
      cash at beginning of period
    		 0 0 118   0  251  0 0 940 1,410 1,410 0 
      cash at end of period
    		 -140 -35,783 36,393   -23  1,376  1,408 1,105 576 3,911 309 -2,440 
      net change in receivables
    		      1,230          
      net increase in cash
    		  -35,783 36,275  -180 -23 2,475   1,408   2,501  -2,440 
      1)
    		                
      foreign currency exchange (gain)/loss
    		   501   1          
      advances from other
    		   911,802             
      1.
    		                
      net change receivables and deposits
    		                
      advances from affiliate
    		    -100 38,753 4,750 80,616 51,613  58,886 22,293 25,588 139,091   
      cash equivalents
    		                
      not later than one year
    		                
      later than one year but not later than five years
    		                
      later than five years
    		                
      adjustments to reconcile net (loss) to net cash from operating activities
    		                
      net cash from operating activities
    		                
      advances from – affiliate
    		                
      supplemental disclosures
    		                
      non cash financing activity
    		                
      satisfaction of debt to affiliate through issuance of shares
    		             1,509,210   
      forgiveness of debt to affiliate
    		             110,354   
      in order to take advantage of management’s substantial experience in the location and development of mineral exploration properties, the company plans to look for opportunities in the resources industry and has identified silver and base metal exploration in central america and gem opportunities in australia for its potential business opportunities.
    		                
      accounting policies
    		                
      (a) basis of presentation
    		                
      the preparation of financial statements in conformity with accounting principles generally accepted in the united states of america requires management to make estimates and assumptions that affect certain reported amounts and disclosures. accordingly, actual results could differ from those estimates.
    		                
      the functional and reporting currency of the company is the u.s. dollar.
    		                
      net (decrease)/increase in cash
    		                
      foreign currency exchange gain/
    		             60,758   
      a)
    		                
      b)
    		                
      advances from - affiliate
    		              40,159  
      adjustments to reconcile net (loss) to net cash used
    		                
      proceeds from issuance of stock
    		                
      advances payable - affiliate
    		                
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.