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Dynamic Hydrocarbons Ltd.

SEC Form 10-Q filed 2010-07-30 for the period ending 2010-06-30


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Selected tables from the SEC filing

Table 0

Financial table in standard format

PART I
ITEM 1.FINANCIAL STATEMENTS
The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions for Form 10-Q and Article 210 8-03 of Regulation S-X.Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.In the opinion of management, all adjustments considered necessary for a fair presentation have been included.All such adjustments are of a normal recurring nature.Operating results for the six month period ended June 30, 2010, are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2010.For further information refer to the financial sta tements and footnotes thereto included herein for the year ended December 31, 2009.
Page
Unaudited Financial Statements
F-1
Balance Sheets
F-2
Statements of Operations
F-3
Statements of Cash Flows
F-4
Notes to Financial Statements
F-5to F-9
Dynamic Hydrocarbons Ltd. CIK:1484467
Balance Sheets
Statements of Operations
Statements of Cash Flows
Notes to Financial Statements
Data column 1: Unable to interpret date in column header

Table 1

Financial table in standard format

DYNAMIC HYDROCARBONS LTD.
(An exploration stage enterprise)
Balance Sheets
June 30,2010
December 31, 2009
(Unaudited)
(Audited)
ASSETS
Current assets:
Cash
$ - $ 7,500
Deferred financing costs
25,000 5,000
Total current assets
25,000 12,500
Oil and gas properties:
Undeveloped, unproven properties
5,000 5,000
Total other assets
5,000 5,000
Total assets
$ 30,000 $ 17,500
LIABILITIES AND STOCKHOLDERS EQUITY
Current liabilities:
Accounts payable, trade
$ 12,692 $ 6,250
Accrued liability
1,500 3,000
Related party loan
10,801 -
Total current liabilities
24,993 9,250
Total liabilities
24,993 9,250
STOCKHOLDERS' EQUITY
Common stock, $0.001 par value, 75,000,000 authorized,
12,500,000 shares issued and outstanding
12,500 12,500
Additional paid in capital
- -
Deficit accumulated during the exploration stage
(7,493 ) (4,250 )
Total stockholders' equity
5,007 8,250
Total liabilities and stockholders' equity
$ 30,000 $ 17,500
Dynamic Hydrocarbons Ltd. CIK:1484467
2010-06-30 2009-12-31
(Unaudited)
ASSETS
Current assets:
Cash$7,500
Deferred financing costs25,0005,000
Total current assets25,00012,500
Oil and gas properties:
Undeveloped, unproven properties5,0005,000
Total other assets5,0005,000
Total assets$30,000$17,500
LIABILITIES AND STOCKHOLDERS EQUITY
Current liabilities:
Accounts payable, trade$12,692$6,250
Accrued liability1,5003,000
Related party loan10,801
Total current liabilities24,9939,250
Total liabilities24,9939,250
STOCKHOLDERS' EQUITY
Common stock, $0.001 par value, 75,000,000 authorized,
12,500,000 shares issued and outstanding12,50012,500
Additional paid in capital
Deficit accumulated during the exploration stage(7,493)(4,250)
Total stockholders' equity5,0078,250
Total liabilities and stockholders' equity$30,000$17,500

Table 2

Financial table in standard format

DYNAMIC HYDROCARBONS LTD.
(An exploration stage enterprise)
Statements of Operations
(Unaudited)
Six
months
FromInception
Three months
ended
(December 9, 2009)
ended
June 30,
Through
June 30, 2010
2010
June 30, 2010
Revenues
$ - $ - $ -
General and administrative expenses:
Professional fees
1,500 3,000 6,000
Organizational expenses
- - 1,250
General and administration expense
25 217 217
Total operating expenses
1,525 3,217 7,467
Loss from operations
(1,525 ) (3,217 ) (7,467 )
Other income/(expenses)
Interest expense
(26 ) (26 ) (26 )
Net loss
$ (1,551 ) $ (3,243 ) $ (7,493 )
Basic loss per common share
$ (0.00 ) $ (0.00 )
Weighted average number of shares outstanding - basic
12,500,000 12,500,000
Dynamic Hydrocarbons Ltd. CIK:1484467
2010-03-30
to
2010-06-30
(3-months)
2010-06-30 2010-06-30
Revenues
General and administrative expenses:
Professional fees1,5003,0006,000
Organizational expenses1,250
General and administration expense25217217
Total operating expenses1,5253,2177,467
Loss from operations(1,525)(3,217)(7,467)
Other income/(expenses)
Interest expense(26)(26)(26)
Net loss$(1,551)$(3,243)$(7,493)
Basic loss per common share$(0.00)$(0.00)
Weighted average number of shares outstanding - basic12,500,00012,500,000
Data column 2: Number of

Original filing from SEC EDGAR system.