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TGFIN HOLDINGS, INC. AND SUBSIDIARY (A Development Stage Company) CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT (USD $)
Preferred Stock
Common Stock
Additional Paid-in Capital
Retained Earnings (Deficit)
Total
Balance common shares, beginning balance at Mar. 31, 2003 0 2,242,938 0 0 2,242,938
Net Loss $ 0 $ 0 $ 0 $ (375,708) $ (375,708)
Stockholders' Equity, ending balance at Dec. 31, 2003 506 22,430 3,839,705 (1,452,771) 2,409,870
Balance common shares, ending balance at Dec. 31, 2003 0 2,242,938 0 0 2,242,938
Balance preferred shares, ending balance at Dec. 31, 2003 50,500 0 0 0 50,500
Common stock issued other, shares 0 27,301 0 0 27,301 [1]
Common stock issued other, value 0 2,730 48,500 0 51,230 [1]
Common stock issued for compensation, shares 0 20,000 0 0 20,000
Common stock issued for compensation, value 0 2,000 17,500 0 19,500
Net Loss 0 0 0 (457,544) (457,544)
Stockholders' Equity, ending balance at Dec. 31, 2004 506 22,903 3,909,962 (1,910,315) 2,023,056
Balance common shares, ending balance at Dec. 31, 2004 0 2,290,239 0 0 2,290,239
Balance preferred shares, ending balance at Dec. 31, 2004 50,500 0 0 0 50,500
Common stock issued for compensation, shares 0 20,000 0 0 20,000
Common stock issued for compensation, value 0 200 17,300 0 17,500
Retirement of shares in settlement of countersuit, shares 0 (88,834) 0 0 (88,834)
Retirement of shares in settlement of countersuit, value 0 (884) 884 0 0
Net Loss 0 0 0 (508,742) (508,742)
Stockholders' Equity, ending balance at Dec. 31, 2005 506 22,219 3,928,146 (2,419,057) 1,531,814
Balance common shares, ending balance at Dec. 31, 2005 0 2,221,905 0 0 2,221,905
Balance preferred shares, ending balance at Dec. 31, 2005 50,500 0 0 0 50,500
Common stock issued other, shares 0 15,000 0 0 15,000 [2]
Common stock issued other, value 0 150 16,350 0 16,500 [2]
Common stock issued for compensation, shares 0 17,500 0 0 17,500
Common stock issued for compensation, value 0 175 14,575 0 14,750
Net Loss 0 0 0 (406,322) (406,322)
Stockholders' Equity, ending balance at Dec. 31, 2006 506 22,544 3,959,071 (2,825,379) 1,156,742
Balance common shares, ending balance at Dec. 31, 2006 0 2,254,405 0 0 2,254,405
Balance preferred shares, ending balance at Dec. 31, 2006 50,500 0 0 0 50,500
Common stock issued for compensation, shares 0 17,500 0 0 17,500
Common stock issued for compensation, value 0 175 11,325 0 11,500
Net Loss 0 0 0 (399,088) (399,088)
Stockholders' Equity, ending balance at Dec. 31, 2007 506 22,719 3,970,396 (3,224,467) 769,154
Balance common shares, ending balance at Dec. 31, 2007 0 2,271,905 0 0 2,271,905
Balance preferred shares, ending balance at Dec. 31, 2007 50,500 0 0 0 50,500
Common stock issued for compensation, shares 0 30,000 0 0 30,000
Common stock issued for compensation, value 0 300 12,575 0 12,875
Net Loss 0 0 0 (455,979) (455,979)
Stockholders' Equity, ending balance at Dec. 31, 2008 506 23,019 3,982,971 (3,680,446) 326,050
Balance common shares, ending balance at Dec. 31, 2008 0 2,301,905 0 0 2,301,905
Balance preferred shares, ending balance at Dec. 31, 2008 50,500 0 0 0 50,500
Common stock issued for compensation, shares 0 30,000 0 0 30,000
Common stock issued for compensation, value 0 300 7,700 0 8,000
Conversion of preferred stock, shares (100) 200 0 0 100
Conversion of preferred stock, value (2) 2 0 0 0
Net Loss 0 0 0 (311,907) (311,907)
Stockholders' Equity, ending balance at Dec. 31, 2009 504 23,321 3,990,671 (3,992,353) 22,143
Balance common shares, ending balance at Dec. 31, 2009 0 2,332,105 0 0 2,332,105
Balance preferred shares, ending balance at Dec. 31, 2009 50,400 0 0 0 50,400
Adjustments to Additional Paid-in Capital 0 0 67,000 0 67,000 [3],[4]
Net Loss 0 0 0 (131,294) (131,294)
Stockholders' Equity, ending balance at Dec. 31, 2010 504 23,321 4,057,671 (4,123,647) (42,151)
Balance common shares, ending balance at Dec. 31, 2010 0 2,332,105 0 0 2,332,105
Balance preferred shares, ending balance at Dec. 31, 2010 50,400 0 0 0 50,400
Adjustments to Additional Paid-in Capital 0 0 38,000 0 38,000 [5]
Net Loss 0 0 0 (69,432) (69,432)
Stockholders' Equity, ending balance at Dec. 31, 2011 504 23,321 4,095,671 (4,193,079) (73,583)
Balance common shares, ending balance at Dec. 31, 2011 0 2,332,105 0 0 2,332,105
Balance preferred shares, ending balance at Dec. 31, 2011 50,400 0 0 0 50,400
Adjustments to Additional Paid-in Capital 0 0 45,000 0 45,000 [5]
Net Loss 0 0 0 (359,239) (359,239)
Stockholders' Equity, ending balance at Dec. 31, 2012 $ 504 $ 23,321 $ 4,140,671 $ (4,552,318) $ (387,822)
Balance common shares, ending balance at Dec. 31, 2012 0 2,332,105 0 0 2,332,105
Balance preferred shares, ending balance at Dec. 31, 2012 50,400 0 0 0 50,400
[1] Common stock issued for accrued liabilities.
[2] Common stock issued to prior stockholders.
[3] Imputed cost of donated labor $55,000.
[4] Cost of Software purchase $12,000.
[5] Imputed cost of donated labor.