v3.3.1.900

Statements of Stockholders' Equity (Deficit) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit during Development Stage [Member] (Deprecated 2015-01-31)	Total
Balance at year end (in Shares)	62,500	21,442,563
Balance at year end at Dec. 31, 2013	$ 63	$ 21,443	$ 756,608	$ (865,026)	$ (86,913)
Conversion of preferred shares into common stock	$ (63)	$ 12,500	(12,437)
Conversion of preferred shares into common stock (in Shares)	(62,500)	12,500,000
Net loss for the year				(60,125)	(60,125)
Balance at year end at Dec. 31, 2014		$ 33,943	744,171	(925,151)	(147,038)
Balance at year end at Dec. 31, 2013	$ 63	21,443	756,608	(865,026)	(86,913)
Discount on debt (Convertible Debenture issued December 31, 2015)			107,142		107,142
Net loss for the year				(50,437)	(50,437)
Balance at year end at Dec. 31, 2015		$ 33,943	851,313	(975,588)	$ (90,332)
Balance at year end (in Shares)		33,942,563			33,942,563
Balance at year end at Dec. 31, 2014		$ 33,943	744,171	(925,151)	$ (147,038)
Net loss for the year					(50,437)
Balance at year end at Dec. 31, 2015		$ 33,943	$ 851,313	$ (975,588)	$ (90,332)
Balance at year end (in Shares)		33,942,563			33,942,563

The amount of subsequent adjustments to additional paid in capital for convertible financial instruments where a component of equity and a component of debt are recognized.

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Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Number of shares issued during the period as a result of the conversion of convertible securities.

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The gross value of stock issued during the period upon the conversion of convertible securities.

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Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

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SMARTCHASE CORP. 10-K