QUADRA PROJECTS INC.
(A Development Stage Company)
CONSOLIDATED BALANCE SHEETS
August 31, November
2009 30, 2008
ASSETS (Unaudited) (Audited)
Restated
Current Assets:
Cash $ 2,470 $ 5,384
Travel advances 7,756 -
Total current assets 10,226 5,384
Total Assets $ 10,226 $ 5,384
LIABILITIES AND SHAREHOLDER’S DEFICIT
Current Liabilities:
Accounts payable $ 300,000 $ -
Accrued expenses 1,100 6,000
Due to shareholder 102,000 -
Due to Affiliate 54,562 -
Total current liabilities 457,662 6,000
Shareholders’ Deficit:
Common stock: authorized 750,000,000 shares of $0.001 par
value; issued and outstanding, 30,500,000 shares 30,500 30,500
Deficit of par value (6,100) (6,100)
Deficit accumulated during development stage (471,836) (25,016)
Total Shareholder’s Deficit (447,436) (616)
Total Liabilities and Shareholders’ Deficit $ 10,226 $ 5,384
These accompanying notes are an integral part of these financial statements.
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