(A Development Stage Company)
Consolidated Balance Sheets
(Expressed in US dollars)
March 31,
2010
$
(Unaudited)
ASSETS
Current Assets
Current assets of discontinued operations
191
Total Assets
191
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
Accounts payable
83,673
Accrued liabilities
25,407
Due to related parties
59,474
Notes payable to related parties
41,000
Current liabilities of discontinued operations
21,406
Total Liabilities
230,960
Contingencies and Commitments
Stockholders' Deficit
Preferred Stock
Authorized: 50,000,000 preferred shares with a par
-
value of $0.0001 Issued and outstanding: none
Common Stock
Authorized: 1,125,000,000 common shares with a par
value of $0.0001 Issued and outstanding: 42,450,000
2,820
and 42,450,000 shares respectively
145,502
Additional Paid in Capital
(379,091)
Deficit Accumulated During the Development Stage
(230,769)
Total Stockholders' Deficit
191
Total Liabilities and Stockholders' Deficit
Mistral Ventures Inc.
(A Development Stage Company)
Consolidated Statements of Cash Flows
(Expressed in US dollars)
(Unaudited)
For the
For the
Three Months
Three Months
Ended
Ended
March 31,
March 31,
2010
2009
$
$
Operating Activities
Net loss for the period
(36,664)
(26,809)
Amortization
-
156
Donated rent and services
1,800
1,500
Changes in operating assets and liabilities:
Accounts receivable
-
936
Prepaid expenses
-
(6)
Accounts payable and accrued liabilities
30,793
11,444
Due to related parties
4,001
-
Net Cash Used in Operating Activities
(833)
(12,779)
Decrease in Cash
(833)
(12,779)
Cash - Beginning of Period
1,024
16,928
Cash - End of Period
191
4,149
Supplemental Disclosures
Interest paid
-
-
Income taxes paid
-
-
Mistral Ventures Inc.
(A Development Stage Company)
Consolidated Statements of Operations
(Expressed in US dollars)
(Unaudited)
For the
Three Months
Ended
March 31,
2010
$
Revenue
-
Expenses
Advertising and marketing
-
Consulting
-
Donated services
-
General and administrative
4,746
Professional fees
30,297
Total Expenses
35,043
Net Loss from Continuing Operations
(35,043)
Other Expense
Loss on disposal of subsidiary
-
Net Loss before Discontinued Operations
(35,043)
Discontinued Operations
(1,621)
Net Loss
(36,664)
Loss Per Share - Basic and Diluted
-
Weighted Average Shares Outstanding
42,450,000
Mistral Ventures Inc.
