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SANGUINE CORPORATION & SUBSIDIARY (A Development Stage Company) Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2012
Dec. 31, 2011
CURRENT ASSETS    
Cash $ 4,902 $ 1,436
Total Current Assets 4,902 1,436
PROPERTY AND EQUIPMENT, NET 149 284
TOTAL ASSETS 5,051 1,720
CURRENT LIABILITIES    
Accounts payable 270,764 261,814
Accrued interest 31,695 14,539
Accrued rent 2,700 0
Related party payable 500,821 357,641
Convertible promissory notes payable, net of debt discounts of $20,411 and $64,461, respectively 186,789 121,739
Total Current Liabilities 992,769 755,733
Total Liabilities 992,769 755,733
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
Stock subscription 25,000 0
Additional paid in capital 9,827,541 9,817,416
Deficit accumulated during the development stage (10,847,581) (10,578,751)
Total Shareholders' Deficit (987,718) (754,013)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 5,051 $ 1,720