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AMERICAN EAGLE GROUP, INC. (A Development Stage Company) Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended 81 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Net income (loss) $ (18,450) $ (6,154) $ (77,135)
Increase (decrease) in accounts payable 1,500 0 1,500
Increase (decrease) in accrued interest 206 0 261
Net cash used in operating activities (16,744) (6,154) (75,374)
Purchase of Series B Preferred Stock 0 (5,000) (5,000)
Proceeds from related party payable 16,835 10,900 29,235
Proceeds from notes payable 0 0 50,000
Net cash provided by financing activities 16,835 5,900 74,235
Net change in cash 91 (254) (1,139)
Cash, beginning of period 51 1,975 1,281
Cash, end of period 142 1,721 142
Income Taxes 0 0 0
Interest 0 0 0
Issuance of preferred stock in payment of note payable $ 0 $ 0 $ 50,000