AVEW Holdings Inc. (AVEW)

[whateva77]

10q thru June 30 2010 ACTIONVIEW INTERNATIONAL, INC.
CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2010
(Unaudited)
7
ActionView International, Inc Consolidated Balance Sheet (Unaudited)
June 30,
2010
ASSETS
Current Assets
Cash
$
5,439
Inventory
1,830
Total Current Assets
7,269
Long Term Assets
Equipment, net
1,752
Other assets
18,000
Total Long Term Assets
19,752
Total Assets
$
27,021
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable and accrued liabilities
$
29,417
Due to related parties
43,405
Notes Payable
63,000
Total Current Liabilities
135,822
Total Liabilities
135,822
Stockholders' Equity
Common Stock, Authorized 1,000,000,000 Shares, $0.001 Par Value, 54,200,000 Shares Issued and Outstanding
54,200
Preferred Stock, 50,000,000 Authorized, Par Value $0.001, 155,000 shares Issued and Outstanding
55,100
Additional Paid in Capital
197,142
Retained Deficit
(415,243)
Total Stockholders' Equity
(108,801)
Total Liabilities and Stockholders' Equity
$
27,021
The accompanying notes are an integral part of these consolidated financial statements
8
ActionView International, Inc.
Consolidated Statement of Operations
(Unaudited)
For the Three
Months Ended June 30, 2010
For the Six Months Ended June 30, 2010
Revenues
Sales
$
50,990
$
52,134
Operating Expenses
Event expense
71,954
90,953
Consulting
500
6,500
Office and general administration
13,646
88,756
Total Operating Expenses
86,100
186,209
Net Operating Loss
(35,110)
(134,075)
Net Loss
$
(35,110)
(134,075)
Net Loss Per Share
$
(0.0006)
(0.0025)
Weighted Average Shares Outstanding
54,200,000
54,200,000
9
ActionView International, Inc.
Statement of Shareholders Deficit
(Unaudited)
Common Shares
Preferred Shares
Shares
Amount
Shares
Amount
Additional Paid-In Capital
Accumulated Deficit
Balance December 31, 2008
100,000
100
-
-
-
-
Shares issued upon merger with ActionView
8,900,000
8,900
100,000
100
-
-
Shares issued upon conversion of debt
45,000,000
45,000
-
-
196,342
-
Net loss for the year ended December 31, 2009
-
-
-
-
-
(281,167)
Balance at December 31, 2009
54,000,000
54,000
100,000
100
196,342
(281,166)
Shares issued in exchange for cash
200,000
200
-
-
800
-
Shares issued to secure financing
-
-
55,000
55,000
-
Net loss for the six months ended June 30, 2010
(134,075)
Balance at June 30, 2010
54,200,000
54,200
155,000
55,100
197,142
(415,243