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SANGUINE CORPORATION & SUBSIDIARY (A Development Stage Company) Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended 261 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
REVENUES $ 0 $ 0 $ 0 $ 0 $ 224,732
COST OF SALES 0 0 0 0 18,297
GROSS PROFIT 0 0 0 0 206,435
OPERATING EXPENSES          
Professional fees 63,806 96,967 117,992 144,322 5,533,774
Research and development 0 0 10,870 0 1,984,028
Stock based compensation 0 0 984,975 0 984,975
Selling, general and administrative 59,156 7,164 101,243 14,405 2,980,459
Total Operating Expenses 122,962 104,131 1,215,080 158,727 11,483,236
LOSS FROM OPERATIONS (122,962) (104,131) (1,215,080) (158,727) (11,276,801)
OTHER INCOME (EXPENSE)          
Interest income 0 0 0 0 40,195
Interest expense (5,038) (3,058) (9,390) (5,852) (697,327)
Gain (loss) on foreign currency exchange 0 9,389 0 15,413 (9,099)
Loss on cash deposit 0 0 0 0 (10,020)
Gain on settlement of debt 0 0 0 0 1,579,834
Total Other Income (Expense) (5,038) 6,331 (9,390) 9,561 903,583
NET LOSS BEFORE PROVISION FOR INCOME TAX (128,000) (97,800) (1,224,470) (149,166) (10,373,218)
PROVISION FOR INCOME TAX 0 0 0 0 0
NET LOSS $ (128,000) $ (97,800) $ (1,224,470) $ (149,166) $ (10,373,218)
BASIC AND DILUTED LOSS PER SHARE $ (0.02) $ (0.01) $ (0.18) $ (0.02)  
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING -BASIC AND DILUTED 6,704,572 6,682,072 6,699,072 6,682,072