v2.3.0.11

Balance Sheets (USD $)	Jun. 30, 2011	Mar. 31, 2011
Current assets:
Cash ($954 in interest bearing accounts)	$ 6,257	$ 2,147
Total assets	6,257	2,147
Current liabilities:
Accounts payable	12,733	5,209
Accounts payable - related party	26,460	26,460
Officer payable	60,000	40,000
Accrued salary - officer	241,750	241,750
Accrued interest - officer	3,658	3,019
Accrued interest	21
Total current liabilities	344,622	316,438
Note payable	22,500
Total liabilities	367,122	316,438
Preferred stock, $.01 par value; 100,000,000 shares authorized, no shares issued and outstanding
Common stock, $.01 par value; 500,000,000 shares authorized, 2,963,000 shares issued and outstanding	29,630	29,630
Additional paid-in capital	6,150,558	6,150,558
Accumulated deficit (including $405,570 deficit accumulated during the development stage at June 30, 2011)	(6,541,053)	(6,494,479)
Total stockholders' equity (deficit)	(360,865)	(314,291)
Total liabilities and stockholders' equity (deficit)	$ 6,257	$ 2,147

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.

Genesis Solar Corp 10-Q