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