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RECYCLENET
CORPORATION |
Year
2004: |Balance Sheets| |Statements
of Cash Flows| |Statements of Operation| Back to Financial Index |
| For
the 12 months ended December 31st |
||
| 2004 | 2003 | |
| Cash Flows From Operating Activities | ||
Net Income (loss) |
$10,019 | $(62,926) |
Adjustments to reconcile net
income (loss) to net cash
provided by (used in) operating activities: |
||
Depreciation |
4,117 | 1,165 |
|
6,278 | (559) |
Issuance of common shares for consulting services and amortization of shares held in escrow |
- | 115,139 |
|
(193) | |
| Changes in assets and liabilities: | ||
|
19,093 | (22,122) |
|
499 | (1,164) |
|
14,745 | (33,811) |
Deferred revenue |
24,604 | 6,612 |
|
79,162 | 2,334 |
| Cash Flows From Investing Activities: | ||
|
5,889 | 6,218 |
Purchase of property and equipment |
(13,386) | (8,339) |
|
(7,497) | (2,121) |
| Effect
of Exchange Rate Changes on Cash |
(10,717) | 887 |
| Net
Increase in Cash |
60,948 | 1,100 |
| Cash
at Beginning of Year |
213,296 | 212,196 |
| Cash
at End of Year |
274,244 | 213,296 |
Year
2004: |Balance Sheets| |Statements
of Cash Flows| |Statements of Operation| Back to Financial Index |
|
