v2.4.0.8

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (USD $)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance, Amount at Dec. 31, 2011	$ 5,942	$ 583,199	$ (207,460)	$ 381,681
Beginning Balance, Shares at Dec. 31, 2011	5,941,800
Shares issued in exchange for professional services	100	199,900		200,000
Shares issued in exchange for professional services, Shares	100,000
Shares issued in connection with purchase of support equipment	410	102,190		102,600
Shares issued in connection with purchase of support equipment, Shares	410,400
Shares issued in exchange for warrants	192	(192)
Shares issued in exchange for warrants, Shares	192,000
Net income (loss)			(44,103)	(44,103)
Ending Balance, Amount at Dec. 31, 2012	6,644	885,097	(251,563)	640,178
Ending Balance, Shares at Dec. 31, 2012	6,644,200
Shares issued in exchange for professional services	450	62,050		62,500
Shares issued in exchange for professional services, Shares	450,000
Shares issued in payment of vendor invoices	619	55,246		55,865
Shares issued in payment of vendor invoices, Shares	618,722
Sale of common stock for cash	250	49,750		50,000
Sale of common stock for cash, Shares	250,000
Shares issued in payment of unpaid wages	1,265	74,640		75,905
Shares issued in payment of unpaid wages, Shares	1,265,083
Net income (loss)			(211,338)	(211,338)
Ending Balance, Amount at Dec. 31, 2013	9,228	1,126,783	(462,901)	673,110
Ending Balance, Shares at Dec. 31, 2013	9,228,005
Shares issued in exchange for professional services	450	157,050		157,500
Shares issued in exchange for professional services, Shares	450,000
Sale of common stock for cash	50	9,950		10,000
Sale of common stock for cash, Shares	50,000
Net income (loss)			18,870	18,870
Ending Balance, Amount at Sep. 30, 2014	$ 9,728	$ 1,293,783	$ (444,031)	$ 859,480
Ending Balance, Shares at Sep. 30, 2014	9,728,005

Shares issued in connection with purchase of support equipment.

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Shares issued in exchange for warrants.

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Shares issued in payment of unpaid wages.

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Shares issued in payment of vendor invoices.

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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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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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Puissant Industries, Inc. 10-Q