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AMERICAN EAGLE GROUP, INC. (A Development Stage Company) Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended 78 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Net income (loss) $ (15,990) $ (2,642) $ (74,675)
Increase (decrease) in accrued interest 144 0 199
Net cash used in operating activities (15,846) (2,642) (74,476)
Purchase of Series B Preferred Stock 0 0 (5,000)
Proceeds from related party payable 16,335 900 28,735
Proceeds from notes payable 0 0 50,000
Net cash provided by financing activities 16,335 900 73,735
Net change in cash 489 (1,742) (741)
Cash, beginning of period 51 1,975 1,281
Cash, end of period 540 233 540
Income Taxes 0 0 0
Interest 0 0 0
Issuance of preferred stock in payment of note payable $ 0 $ 0 $ 50,000