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Proceeds from commonstock issued for cash$50,000 Proceeds from relatedparty loan$50,000 Net cash provided byfinancing activities$100,000 Effect of exchange ratechanges on cash$2,519 Change in cash and cashequivalents$31,900 Canceled cashflow$70,619 Loss on settlement ofdebt-$904,400 Common stock issued orissuable for services$34,250 Accounts payable andaccrued liabilities$18,605 Accounts payable relatedparty$10,944 Provision for bad debts$8,471 Prepaid expenses andother current assets-$5,604 Depreciation$1,722 Net cash used inoperating activities-$70,607 Net cash used ininvesting activities-$12 Canceled cashflow$983,996 Net loss-$1,032,123 Purchase of fixed assets$12 Accounts receivable$22,480
Cash Flow
source: myfinsight.com

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