v3.8.0.1

Statement of Cash Flows - USD ($)	12 Months Ended		59 Months Ended
Statement of Cash Flows - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$ (86,383)	$ (22,234)	$ (160,016)
Adjustments to reconcile net loss to net cash provided/(used) by operating activities:
Depreciation and amortization	25,548		25,548
LIFO Inventory	(77,482)		(77,482)
Share-based compensation	0	0	7,123
Increase (decrease) in:
Accounts Payable	11,290	3,145	20,133
Accrued Interest Payable	15,207		15,207
Deposits	(2,860)		(2,860)
Total adjustments	23,637	3,145	32,480
Net cash used by operating activities	(114,680)	(19,089)	(172,348)
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for property and equipment	(167,239)		(167,239)
Payments for real estate purchase	(1,389,812)		(1,389,812)
Net cash provided by financing activities	(1,557,051)	0	(1,557,051)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from loans payable	27,889	9,354	70,740
Proceeds from long-term liabilities	1,647,808		1,647,808
Proceeds from shares issued	0	0	18,429
Net cash provided by financing activities	1,675,697	9,354	1,736,977
Increase in cash	3,966	(9,735)	7,578
Cash - beginning of period	3,613	13,348	0
Cash - end of period	$ 7,579	$ 3,613	$ 7,579

The sum of adjustments which are added to or deducted from net income or loss, including the portion attributable to noncontrolling interest, to reflect cash provided by or used in operating activities, in accordance with the indirect cash flow method.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3602-108585

American Renaissance Capital, Inc. 10-K