PART I FINANCIAL INFORMATION
Item 1.Financial Statements.
CLENERGEN CORPORATION
(a Development Stage Company)
CONSOLIDATED BALANCE SHEETS
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April 30, 2010
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October 31, 2009
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(Unaudited)
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ASSETS
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Current Assets:
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Cash
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$ |
167,134 |
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$ |
1,472 |
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Subscriptions
receivable
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699,643 |
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- |
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Prepaid
expenses and other
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1,886,729 |
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15,039 |
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Total
Current Assets
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2,753,506 |
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16,511 |
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Fixed Assets:
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Property
and equipment, net
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20,216 |
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12,901 |
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Total
Fixed Assets
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20,216 |
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12,901 |
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Other Assets:
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Deposits
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48,698 |
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33,487 |
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Total
Other Assets
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48,698 |
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33,487 |
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TOTAL
ASSETS
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$ |
2,822,420 |
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$ |
62,899 |
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LIABILITIES
AND STOCKHOLDERS' EQUITY/DEFICIENCY
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Current Liabilities:
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Accounts
payable and accrued expenses
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$ |
1,374,805 |
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$ |
214,211 |
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Payroll
liabilities
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84,313 |
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6,745 |
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Due
to affiliates and shareholders
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1,270,307 |
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330,302 |
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Total
Current Liabilities
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2,729,425 |
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551,257 |
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Total
Liabilities
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2,729,425 |
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551,257 |
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Stockholders'
Equity/(Deficiency):
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Preferred
stock, $0.001 par value; Authorized: 10,000,000 shares; Issued:
None
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- |
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- |
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Common
stock, $0.001 par value; Authorized: 500,000,000 shares; Issued:
95,640,741 and 86,941,013 shares, respectively
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95,641 |
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86,941 |
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Additional
paid in capital
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11,869,306 |
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3,998,562 |
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Accumulated
other comprehensive income/(loss)
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33,939 |
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389,956 |
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Accumulated
deficit during development stage
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(11,905,891 |
) |
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(4,963,818 |
) |
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Total
Stockholders' Equity/Deficiency
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92,995 |
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(488,358 |
) |
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TOTAL
LIABILITIES AND STOCKHOLDERS' EQUITY/DEFICIENCY
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$ |
2,822,420 |
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$ |
62,899 |
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Clenergen Corp
CIK:1342916
|
2010-04-30 |
2009-10-31 |
| (Unaudited) |
| ASSETS |
| Current Assets: |
| Cash | $167,134 | $1,472 |
| Subscriptions receivable | 699,643 |
| Prepaid expenses and other | 1,886,729 | 15,039 |
| Total Current Assets | 2,753,506 | 16,511 |
| Fixed Assets: |
| Property and equipment, net | 20,216 | 12,901 |
| Total Fixed Assets | 20,216 | 12,901 |
| Other Assets: |
| Deposits | 48,698 | 33,487 |
| Total Other Assets | 48,698 | 33,487 |
| TOTAL ASSETS | $2,822,420 | $62,899 |
| LIABILITIES AND STOCKHOLDERS' EQUITY/DEFICIENCY |
| Current Liabilities: |
| Accounts payable and accrued expenses | $1,374,805 | $214,211 |
| Payroll liabilities | 84,313 | 6,745 |
| Due to affiliates and shareholders | 1,270,307 | 330,302 |
| Total Current Liabilities | 2,729,425 | 551,257 |
| Total Liabilities | 2,729,425 | 551,257 |
| Stockholders' Equity/(Deficiency): |
| Preferred stock, $0.001 par value; Authorized: 10,000,000 shares; Issued: None |
| Common stock, $0.001 par value; Authorized: 500,000,000 shares; Issued: 95,640,741 and 86,941,013 shares, respectively | 95,641 | 86,941 |
| Additional paid in capital | 11,869,306 | 3,998,562 |
| Accumulated other comprehensive income/(loss) | 33,939 | 389,956 |
| Accumulated deficit during development stage | (11,905,891) | (4,963,818) |
| Total Stockholders' Equity/Deficiency | 92,995 | (488,358) |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/DEFICIENCY | $2,822,420 | $62,899 |
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