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SANGUINE CORPORATION & SUBSIDIARY (A Development Stage Company) Consolidated Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
Cash $ 261 $ 1,195
Accounts receivable 0 28,000
Total Current Assets 261 29,195
PROPERTY AND EQUIPMENT, NET 373 463
TOTAL ASSETS 634 29,658
Accounts payable 259,423 244,359
Accrued interest 5,270 2,330
Related party payable 264,141 182,675
Notes payable 140,200 29,700
Accrued compensation 0 6,075
Total Current Liabilities 669,034 465,139
Total Liabilities 669,034 465,139
Preferred stock, 10,000,000 shares authorized of $0.001 par value, 150,000 shares issued and outstanding, respectively 150 150
Common stock, 200,000,000 shares authorized of $0.001 par value, 6,704,572 and 6,682,072 shares issued and outstanding, respectively 6,705 6,682
Additional paid in capital 9,697,963 8,697,935
Preferred stock subscribed 0 8,500
Deficit accumulated during the development stage (10,373,218) (9,148,748)
Total Shareholders' Deficit (668,400) (435,481)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 634 $ 29,658