Gatal Financial Statements for the Period Ending December 31, 2006

Summary

This document presents the balance sheet, profit and loss statement, and cash flow statement for Gatal as of December 31, 2006, covering the period from November 1, 2006, to December 31, 2006. It details the company's assets, liabilities, equity, income, expenses, and cash movements. The statements show a net loss for the period and provide a snapshot of Gatal's financial position, including outstanding liabilities and shareholder loans.

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EX-10.10 8 v062941_ex10-10.txt Gatal Balance Sheet As of: 31/Dec/2006
As of 31/Dec/06 Assets Current Assets Advance Expenses $1,003.00 ------------------------------------------------------------------------------ ----------------------------------------------------------------------------------- Total Current Assets $1,003.00 --------------------------- Fixed Assets Vehicle $15,305.00 Accumulated depreciation ($191.00) ----------------------------------------------------------------------------------- Total Fixed Assets $15,114.00 - ----------------------------------------------------------------------------------------- Total Assets $16,117.00 =========================== Liabilities & Equity Liabilities Current Liabilities Employees and employee institutes $17,034.00 Creditors $15,385.00 Accounts Payable $9,000.00 Shareholder Loan $3,667.00 ------------------------------------------------------------------------------ Total Current Liabilities $45,086.00 ----------------------------------------------------------------------------------- --------------------------- Equity Common Stock $24.00 Accumulated losses ($28,993.00) ----------------------------------------------------------------------------------- Total Equity ($28,969.00) - --------------------------------------- --------------------------- Total Liabilities & Equity $16,117.00 ===========================
Gatal Profit and Loss Date Range: November 1, 2006 - December 31, 2006 1/Nov/06 - 31/Dec/06 Ordinary Income/Expense Expense Salary $17,472.00 Legal $3,500.00 Accounting $3,500.00 Office $2,000.00 Other Expense $2,395.00 ---------------------------------------------------------------- Total Expense $28,867.00 -------------------------------------------------------------------------- Net Losses ($28,867.00) ------------------------------ Other Expense Exchange loss $126.00 -------------------------------------------------------------------------- Net Other Income ($126.00) - -------------------------------------------------------------------------------- Net Losses ($28,993.00) ============================== Gatal Cash Flow Statement Date Range: November 1, 2006 - December 31, 2006
1/Nov/06 - 31/Dec/06 OPERATING ACTIVITIES Net Income ($28,993.00) Adjustments to reconcile net income to net cash provided by Operating Activities Advance Expenses ($1,003.00) Depreciation $191.00 Creditors $15,385.00 Employees and employee institutes $17,034.00 Accounts Payable $9,000.00 ----------------------------------------------------------------------------------------- Net Cash provided by Operating Activities $11,614.00 ---------------------------- INVESTING ACTIVITIES Acquisition of Fixed assets ($15,305.00) ----------------------------------------------------------------------------------------- Net Cash provided by Investing Activities ($15,305.00) ---------------------------- FINANCING ACTIVITIES Common Stock $24.00 Loan from related parties $3,667.00 ----------------------------------------------------------------------------------------- Net Cash provided by Financing Activities $3,691.00 ---------------------------- Net cash change for the Period $0.00 Cash at beginning of the period $0.00 - ----------------------------------------------------------------------------------------------- Cash at end of the Period $0.00 ============================