v2.4.0.8

Neologic Animation Inc. - Statement of Operations and Comprehensive Loss (Unaudited) (USD $)	3 Months Ended		9 Months Ended		29 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Revenue	$ 0	$ 0	$ 0
Operating expenses
General and administrative	22,665	20,523	46,004	48,017	115,566
Operating loss	(22,665)	(20,523)	(46,004)	(48,017)	(115,566)
Net loss	(36,439)	(22,199)	(68,112)	(50,789)	(145,440)
Other comprehensive income
Foreign currency translation		1		2	67
Total comprehensive loss	(36,439)	(22,198)	(68,112)	(50,787)	(145,373)
Loss per common share - basic and diluted (in Dollars per share)	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Weighted-average shares outstanding, basic and diluted (in Shares)	185,000,000	185,000,000	185,000,000	136,094,891
Interest income	32	5	102	6	131
Interest expense	(13,361)	(1,681)	(21,765)	(2,778)	(29,560)
Change in fair value of derivative liability	(445)		(445)		(445)
Total other expenses	$ (13,774)	$ (1,676)	$ (22,108)	$ (2,772)	$ (29,874)

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The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement.

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Amount of the cost of borrowed funds accounted for as interest expense.

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Interest earned on deposits in United States money market accounts and other United States interest earning accounts.

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The net result for the period of deducting operating expenses from operating revenues.

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Amount after tax and reclassification adjustments of other comprehensive income (loss).

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The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items.

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Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.

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Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).

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Neologic Animation Inc 10-Q