Annual report pursuant to section 13 and 15(d)

STATEMENTS OF CASH FLOW

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STATEMENTS OF CASH FLOW (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (94,088) $ (69,400)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 979 964
Impairment loss 3,477 13,164
Changes in assets and liabilities:    
Accounts receivable (1,372) 0
Debt portfolios 31,921 71,210
Accrued interest income 9,336 (9,336)
Accounts payable (1,156) 1,900
Accrued collection agency fees 549 0
NET CASH USED IN OPERATING ACTIVITIES (50,354) 8,502
CASH FLOWS FROM INVESTING ACTIVITIES:    
Repayment of loans made to a related party 85,300 0
Loans made to a related party 0 (22,800)
Purchase of property and equipment 0 (166)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 85,300 (22,966)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 34,946 (14,464)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 34,772 49,236
CASH AND CASH EQUIVALENTS, END OF YEAR 69,718 34,772
Supplemental disclosure of cash flow data:    
Interest paid in cash 0 0
Income taxes paid in cash $ 800 $ 800