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SANGUINE CORPORATION & SUBSIDIARY (A Development Stage Company) Consolidated Balance Sheets (Unaudited) (USD $)
Jun. 30, 2012
Dec. 31, 2011
CURRENT ASSETS    
Cash $ 38 $ 1,436
Total Current Assets 38 1,436
PROPERTY AND EQUIPMENT, NET 194 284
TOTAL ASSETS 232 1,720
CURRENT LIABILITIES    
Accounts payable 269,804 261,814
Accrued interest 25,930 14,539
Accrued rent 2,700 0
Related party payable 457,241 357,641
Convertible promissory notes payable, net of debt discounts of $35,094 and $64,461, respectively 172,106 121,739
Total Current Liabilities 927,781 755,733
Total Liabilities 927,781 755,733
COMMITMENTS AND CONTINGENCIES      
SHAREHOLDERS' DEFICIT    
Preferred stock, 10,000,000 shares authorized of $0.001 par value, 75,000 and 75,000 shares issued and outstanding, respectively 75 75
Common stock, 200,000,000 shares authorized of $0.001 par value, 7,246,822 shares issued and outstanding, respectively 7,247 7,247
Additional paid in capital 9,823,986 9,817,416
Deficit accumulated during the development stage (10,758,857) (10,578,751)
Total Shareholders' Deficit (927,549) (754,013)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 232 $ 1,720