v3.4.0.3

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current assets
Cash	$ 61,569	$ 0
Accounts receivable	897,819	1,618
Prepaids	22,535	11,404
Due from related parties	210,839	784,727
Total current assets	1,192,762	797,749
Property and equipment	1,401,316	155,323
Total assets	2,594,078	953,072
Current liabilities
Bank indebtedness	72,850	187,844
Accounts payable and accrued liabilities	376,620	159,686
Payroll liabilities	470,128	159,558
Other liabilities	65,988	107,693
Due to related parties	407,641	213,095
Income taxes	271,507	6,869
Total current liabilities	1,664,734	834,745
Long-term loan	122,672	133,107
Total liabilities	1,787,406	967,852
Stockholders' equity(deficit)
Common stock $0.001 par value, 75,000,000 common shares authorized, 72,560,000 issued and outstanding at June 30, 2015 and December 31, 2014	72,975	72,975
Additional paid-in capital	2,183,419	1,658,000
Comprehensive income (loss)	3,827	(11,378)
Accumulated deficit	(1,453,549)	(1,734,377)
Total stockholders' equity	806,672	(14,780)
Total liabilities and stockholders' equity	$ 2,594,078	$ 953,072

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

MEDICUS HOMECARE INC. 10-Q