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SANGUINE CORPORATION & SUBSIDIARY (A Development Stage Company) Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
CURRENT ASSETS  
Cash$ 934$ 1,195
Accounts receivable028,000
Total Current Assets93429,195
PROPERTY AND EQUIPMENT, NET328463
TOTAL ASSETS1,26229,658
CURRENT LIABILITIES  
Accounts payable262,054244,359
Accrued interest7,9472,330
Related party payable308,141182,675
Notes payable166,20029,700
Accrued compensation06,075
Total Current Liabilities744,342465,139
Total Liabilities744,342465,139
SHAREHOLDERS' DEFICIT  
Preferred stock, 10,000,000 shares authorized of $0.001 par value, 75,000 and 150,000 shares issued and outstanding, respectively75150
Common stock, 200,000,000 shares authorized of $0.001 par value, 7,246,822 and 6,682,072 shares issued and outstanding, respectively7,2476,682
Additional paid in capital9,727,7148,697,935
Preferred stock subscribed08,500
Deficit accumulated during the development stage(10,478,116)(9,148,748)
Total Shareholders' Deficit(743,080)(435,481)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT$ 1,262$ 29,658