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SANGUINE CORPORATION & SUBSIDIARY (A Development Stage Company) Consolidated Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended 261 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Net loss $ (1,224,470) $ (149,166) $ (10,373,218)
Depreciation and amortization 90 164 6,623
Common stock issued for services 0 0 3,365,446
Contributed capital for operating activities 6,449 5,537 24,589
Stock options granted 987,525 0 987,525
Stock warrants granted 0 0 8,650
Interest on beneficial conversion feature 0 0 25,000
Legal expense related to beneficial conversion feature 0 0 3,750
Note payable issued for services 0 0 727,950
Gain on extinguishments of debt 0 0 (181,753)
Gain on conversions of debt to equity 0 0 (1,398,081)
Recognition of expenses prepaid with common stock 0 0 456,184
Warrant extension 0 0 34,493
Gain (loss) on exchange of foreign currency 0 (15,413) 9,099
Decrease in accounts receivable 28,000 0 0
Decrease in prepaid expense 0 100,517 1,198,717
Increase in accounts payable and related party payables 96,532 7,765 887,121
Increase in accrued interest payable 2,940 315 552,550
Increase in accrued liabilities 0 0 10,125
Increase in customer deposits 0 0 45,000
Increase in accrued salaries 0 2,144 987,661
Net Cash Used by Operating Activities (102,934) (48,137) (2,622,569)
CASH FLOWS FROM INVESTING ACTIVITIES      
Cash paid for fixed assets 0 0 (6,995)
Net Cash Used by Investing Activities 0 0 (6,995)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from warrant conversion 0 0 524,700
Proceeds from notes payable and notes payable-related party 102,000 39,038 361,800
Payments on notes payable and notes payable -related party 0 0 (22,900)
Proceeds from issuance of convertible debentures 0 0 40,000
Contributed capital 0 0 750
Preferred stock subscription 0 8,500 33,500
Preferred stock issued for cash 0 0 125,000
Common stock issued for cash 0 0 1,566,975
Net Cash Provided by Financing Activities 102,000 47,538 2,629,825
NET INCREASE (DECREASE) IN CASH (934) (599) 261
CASH AT BEGINNING OF PERIOD 1,195 1,928 0
CASH AT END OF PERIOD 261 1,329 261
SUPPLEMENTAL SCHEDULE OF CASH FLOW ACTIVITIES      
Interest 0 0 0
Income taxes 0 800 2,500
NON-CASH ACTIVITIES      
Common stock issued for debt conversion 0 0 9,600
Contributed capital for interest contributed 6,449 2,636 24,589
Interest on beneficial conversion feature 0 0 25,000
Legal expense related to beneficial conversion feature 0 0 3,750
Common stock issued for prepaid services 0 0 585,019
Common stock issued for debt and accrued expenses $ 6,075 $ 0 $ 2,828,142